Everything web3, crypto, defi, degen
In brief The CME FedWatch Tool, which uses futures trading data to infer trader sentiment, predicted a near-certain rate cut. The Conference Board’s Expectations Index, a measure of economic sentiment, remained below the threshold that typically signals a coming recession. Bitcoin has lingered well below the all-time high it set earlier this month. The U.S.…
In brief Perpetual futures, or perps, have been a big business in crypto this year, generating $1.27 trillion in trading volume over the past 30 days. Crypto wallets MetaMask and Phantom, as well as Telegram mini-app Blum, now offer perps natively within their apps. Analysts warn they present a “double-edged sword” to new users who…
In brief A meme coin tied to a statue of Binance founder Changpeng “CZ” Zhao surged on Wednesday The statue was shown in Washington, D.C., for a handful of hours on Tuesday. Unaffiliated meme coins with similar branding may be causing confusion for traders. A meme coin tied to a golden statue of Changpeng “CZ”…
In brief Bitcoin trading at $115,542, nearly 1% above the critical $114,200 monthly open level. Technical indicators show bullish momentum after a major correction earlier this month. Sentiment on prediction markets remains strong, but the upcoming Fed meeting and trade talks with China could swing things in either direction. It’s been an up and down…
In brief The Federal Reserve is almost certain to cut interest rates Wednesday, with traders predicting a 97.8% chance of a 25-basis point cut, though the impact on crypto markets remains uncertain. Analysts say ending quantitative tightening could create a “tailwind” for Bitcoin by signaling higher inflation tolerance, with Bank of America and JP Morgan…
Western Union will release a stablecoin via the Solana blockchain in 2026, the company said Tuesday.The international payments firm said in a joint announcement with the Solana Foundation that the new digital token will be called USDPT and issued by Anchorage Digital Bank.”Western Union will provide users with access to digital assets, and we look…
In brief Trump Media and Technology Group, in which President Donald Trump is a majority stakeholder, is working with Crypto.com to debut a prediction market. Truth Predict, users will allow users to put money on sports games, elections, and other events. A Nevada judge this month denied Crypto.com’s injunction request to block state gaming regulations…
In brief The California lawmaker announced plans to ban elected officials from owning or creating cryptocurrencies, calling it a response to corruption concerns. Khanna linked the proposal to President Trump’s pardon of Binance founder Changpeng Zhao, which he described as “blatant corruption.” He previously authored the 2023 Ban Congressional Stock Trading Act, aimed at preventing…
In brief A gold statue of Binance’s Changpeng Zhao will be unveiled Tuesday in Washington D.C., the creators claim. It will be shown outside the U.S. Capitol for a handful of hours, much like a recent statue of President Trump holding a Bitcoin. The statue’s makers want to give it to Binance’s former CEO, who…
In brief Compass Point expects that Robinhood will report that revenue generated from prediction markets grew at a faster rate than revenue derived from processing customers’ transactions. Robinhood began letting customers wager on NFL and college football games in August. Robinhood’s prediction markets are gaining traction in the U.S. Analysts at investment bank Compass Point…
