Everything web3, crypto, defi, degen
In brief Dogecoin is one of the most valuable cryptocurrencies on the market, but it’s down 70% from its 2021 peak. While Bitcoin, Ethereum, and XRP all recently set new peaks, Dogecoin isn’t enjoying the same momentum. Experts tell Decrypt that the digital asset lacks use cases. Can a DOGE ETF really make a difference?…
In brief Robinhood was added to the S&P 500 Publicly traded digital asset-focused firms have benefited from the friendlier regulatory and political environment of recent months. The S&P 500 added crypto exchange Coinbase to the index in May. Shares of Robinhood soared 7% in after hours trading after the retail brokerage, which focuses heavily on…
In brief Kraken has bought proprietary trading platform Breakout. It’s the latest acquisition by the crypto exchange. San Francisco-based Kraken has said it is planning to go public. U.S. crypto exchange Kraken has acquired proprietary trading platform Breakout, the company announced Thursday, as it continues its efforts to expand services ahead of a planned public…
In brief World Liberty Financial’s governance token hit a new low price on Thursday, just days after trading began. The token appears most popular among traders in South Korea, based on exchange volumes. Some analysts warned that the WLFI token could “decimate” retail investors, while presale buyers remain well in profit. World Liberty Financial, the…
In brief The dollar index has dropped 11% this year, its sharpest fall since 1973. Gold is at record highs signaling U.S. institutions are hedging against inflation. A steepening yield curve for bonds points to higher long-term risks and potential support for Bitcoin. A weakening U.S. dollar, rising governance risks, and yield curve steepening are…
In brief Polymarket can now return to the U.S. after the CFTC said it won’t pursue certain enforcement actions against QCX, CEO Shayne Coplan said Wednesday. Polymarket acquired QCX, a licensed exchange already regulated by the CFTC, for $112 million in July. Polymarket was banned from the U.S. in 2022, and has been looking for…
In brief U.S. Bank, the fifth largest bank in the United States by assets, is offering Bitcoin custody services again. The service will be for institutional investment managers. U.S. Bank first announced the service in 2021 but had to pause it. Financial services giant U.S. Bank has restarted its crypto custody operations after pausing the…
In brief Trump-backed American Bitcoin jumped over 80% in its Nasdaq debut before quickly losing its gains amid multiple trading halts. Formed through mergers with Hut 8 and Gryphon Digital Mining, the firm, backed by Eric Trump and Donald Trump Jr, plans a $2.1 billion stock sale to buy more Bitcoin and mining equipment. The…
In brief The joint statement covers crypto products focused on leverage, margin and financed spot retail commodity transactions. One market observer expects spot crypto assets to receive listings on major equity indexes. Regulators are inviting market participants to engage with SEC or CFTC staff. Exchanges registered with the U.S. Securities and Exchange Commission and the…
In brief Bitcoin posted modest gains today while Ethereum slightly slipped. The long-term bullish outlook for traders remains intact, but the charts suggest choppy waters ahead. Prediction markets are split on near-term price outlooks for BTC and ETH. Will crypto break the ‘Red September’ curse? There is measured optimism today in the market.The crypto market…
