Everything web3, crypto, defi, degen
In brief Fed Chair Jerome Powell went much more dovish than expected at Jackson Hole, sending stocks up 2% and crypto markets higher. Altcoins are outpacing Bitcoin, with Dogecoin and Solana showing increasingly bullish signs. But today, all eyes are on Ethereum, which is inching closer to breaking its 2021 all-time high. Crypto markets have…
In brief Shares of crypto companies rose in price alongside digital assets and major stock indices. The price surge comes after Federal Reserve Jerome Powell indicated that the central bank could cut rates next month. Bitcoin and Ethereum were also trading higher on Friday, with ETH and altcoins leading the charge. Crypto-focused company stocks rose…
In brief The Federal Reserve has left the interest rate unchanged at its last five meetings. In a speech at an annual gathering in Jackson Hole, Wyoming, Powell said that conditions had changed. The Fed meets again in September. The price of Bitcoin and other cryptocurrencies rose on Friday after Federal Reserve Chairman Jerome Powell…
In brief SuiPlay0X1 buyers are facing unexpected import duties on the $599 gaming handheld, some as high as nearly $350. Mysten Labs said that it will not cover the fees for buyers, in part because it sells the device at nearly cost. The firm is temporarily suspending shipments while it gains more information on the…
In brief Coinbase is listing the World Liberty Financial stablecoin, USD1. World Liberty Financial is backed by President Donald Trump and its sons. While a dollar-pegged stablecoin like USD1 won’t see a price jump from the listing, it could boost World Liberty’s visibility. The USD1 stablecoin from World Liberty Financial—a crypto project backed by President…
In brief MetaMask has announced the launch of a native stablecoin, mUSD, issued by Stripe subsidiary Bridge and fully backed by dollar-equivalent assets. The stablecoin will be integrated throughout the MetaMask ecosystem, launching first on Ethereum and Linea, and will later be enabled as a payment option for the Mastercard-powered MetaMask debit card. MetaMask leadership…
In brief Cameron and Tyler Winklevoss donated over $21 million in Bitcoin to help launch the Digital Freedom Fund, a pro-crypto PAC. Unlike most crypto PACs, which aim to stay nonpartisan, the twins explicitly said their PAC will work to support Republicans, defeat Democrats, and back Trump’s crypto agenda in the 2026 midterms. The PAC’s…
In brief Nasdaq-listed Bitdeer posted earnings this week—with slimming profits but increased revenue. The miner is laser-focused on its expansion. But it won’t be pivoting to a treasury strategy yet. Bitcoin mining has faced challenging times as costs rise, rewards fall and the macroeconomic environment grows more uncertain, but Nasdaq-listed Bitdeer (BTDR) told Decrypt that…
In brief Bitcoin and Ethereum dipped briefly before climbing after Fed minutes shed light on why two Fed governors favored an interest rate cut at the July meeting. BTC was trading above $114,250 while ETH was just below to $4,350 following the minutes release. Fed Governors Waller and Bowman dissented, marking the first time two…
In brief Federal Reserve Governor Christopher Waller said stablecoins have the potential to improve retail and cross-border payments. He acknowledged some fear and skepticism toward innovation in payments. The Fed is researching tokenization, he said. Using cryptocurrencies to facilitate ordinary payments should be no more intimidating than swiping a debit card, Federal Reserve Governor Christopher…
