Everything web3, crypto, defi, degen
In brief Crypto lobbyists pushed back against requests made last week by banking associations to weaken or repeal key sections of recently passed stablecoin legislation. The Blockchain Association and the Crypto Council for Innovation told senators that the bankers were trying to protect their own interests “at the expense of broader industry growth, competition, and…
In brief SkyBridge Capital boss Anthony Scaramucci predicted that Bitcoin will be “between $180,000 and $200,000” by the end of 2025. He pointed to supply-and-demand dynamics and institutional interest as major drivers. Scaramucci argued that large institutional investors will mainly opt for Bitcoin ETFs over corporate treasuries. Amid Bitcoin’s roughly 6% pullback this week, former…
In brief Bitcoin network mining difficulty hit an all-time high of 129 trillion, making it harder than ever for miners to earn rewards despite Bitcoin’s recent price pullback. Miner revenues are being squeezed as hashprice dropped to $60 per petahash and transaction fees fell below 1% of block rewards for the first time ever. New…
In brief Bitcoin’s price will likely peak in six months to a year, Bernstein analysts said. As the bull market broadens, Ethereum and Solana will likely shine, they said. Bernstein analysts raised their price target for Robinhood shares to $160. As the White House pushes crypto on Capitol Hill, it’s becoming increasingly difficult to see…
In brief Healthcare company KindlyMD said Tuesday that it spent $679 million to buy over 5,743 Bitcoin. The firm pivoted to a Bitcoin treasury strategy earlier this year when it merged with holding company Nakamoto. It is the latest company to morph into a crypto treasury. Bitcoin treasury KindlyMD has added $679 million in BTC…
In brief Sen. Tim Scott (R-SC) said Tuesday that fewer Senate Democrats might support the upcoming crypto market structure legislation than voted for the GENIUS Act earlier this year. The Senate Banking chair said Sen. Elizabeth Warren (D-MA) has been a key obstacle to getting more Democrats onboard for the far-reaching bill. Warren warned last…
In brief U.S. Ethereum ETFs experienced $197 million in outflows on Monday, marking the second-highest daily withdrawal figure ever, while pending ETH unstaking requests surged to $3.9 billion. Both Ethereum and Bitcoin pulled back from recent highs, with analysts citing profit-taking after strong year-over-year gains and heightened geopolitical sensitivity around U.S.-Ukraine-Russia negotiations. Technical analysts identify…
In brief The SEC will decide on the Truth Social Bitcoin and Ethereum ETF on October 8, likely after a rules change request from two exchanges that could shorten approval processes. The agency delayed decisions on XRP funds from Grayscale, Bitwise, CoinShares, Canary Capital, and 21Shares. It also pushed back deadlines on separate Dogecoin and…
For many years, the idea that publicly traded corporations might buy Bitcoin for their reserves was considered laughable. The top cryptocurrency was considered too volatile, too fringe to be embraced by any serious business.That taboo has been well and truly broken, with a number of major institutional investors buying up Bitcoin in recent years.The floodgates…
In brief SharpLink Gaming stock fell nearly 15% on Friday after the company posted poor Q2 earnings results. The Ethereum treasury firm reported a net loss of $103 million for the second financial quarter. ETH dipped below $4,400 on Friday amid geopolitical uncertainties and hotter-than-expected U.S. economic data. SharpLink Gaming’s shares plummeted Friday as the…
