Everything web3, crypto, defi, degen
In brief Spot Bitcoin ETFs saw inflows of $91.6 million on Wednesday. Analysts suggested that expectations of a rate cut are the main driver of recent ETF inflows. The short-term outlook remains steady, but experts exercise caution. Bitcoin ETFs ended a four-day streak of outflows Wednesday, pulling in $91.6 million according to data from Farside…
In brief Apple is raising its U.S. investment to $600 billion over four years. A new manufacturing program expands U.S. chip and component production. New facilities are underway in Texas, Kentucky, Arizona, and more. Trump’s tariff threat on semiconductors appears to be accelerating tech reshoring, with Apple pledging substantial investment in U.S. investments to sidestep…
In brief Crypto is marching back towards $4 trillion, with Bitcoin and Ethereum leading the way. But modest 2-3% gains don’t get degens excited. For that, there’s Pump.fun’s PUMP. PUMP is up over 30% on the week. Why? Let’s take a look at the charts. The crypto market continues its climb back upwards: Bitcoin and…
In brief Users can easily bypass age checks and generate explicit content with minimal input. xAI’s tool violates its policies banning pornographic depictions of real people. Over 34 million images have been created, raising major legal and ethical concerns. An AI video tool from Elon Musk’s xAI is producing nude deepfakes of celebrities—including Taylor Swift—with…
In brief Bitcoin ETFs saw $196.18 million in outflows Tuesday, marking four straight days of selling after recent all-time highs. Trump’s tariff threats on India and other sectors sparked risk-off sentiment, driving institutional investors to safer assets. Ethereum ETFs gained $73.3 million Tuesday, snapping a two-day losing streak while Bitcoin holds steady at $114,000. Bitcoin…
In brief Coinbase has launched a new feature for developers. It will allow builders to include crypto wallets into their apps. The exchange said the feature will be well-suited to stablecoin-related apps. Crypto exchange Coinbase has debuted a feature for developers so they can easily build self-custodial wallets into their apps. Dubbed the Embedded Wallets software,…
In brief The SEC exempted liquid staking services from regulation Tuesday. Services like Lido and Jito are now formally greenlit to issue staking tokens and pay out crypto staking rewards to customers without registering with the agency. The move follows a similar SEC exemption in May that permitted unregulated self-custodial and custodial staking. The SEC…
In brief Bitcoin-buying firms offset Galaxy Digital’s massive Bitcoin sale, Mike Novogratz said. Crypto-buying firms should continue to support prices, he added. Galaxy Digital has partnered with 20 crypto asset treasury firms. Institutional crypto firm Galaxy Digital was tasked with executing one of the largest Bitcoin sales in history at a pivotal time, according to…
In brief Trump is reportedly planning to sign an order as early as this week protecting crypto companies and conservatives from certain alleged banking practices. The order directs banking regulators to examine violations of equal credit laws and consumer protection regulations, with banks facing financial penalties and enforcement actions. The order targets “Operation Chokepoint 2.0″…
In brief Nasdaq and Russell 2000 led gains Monday, while Bitcoin posted a smaller advance. Revised jobs data fueled a surge in rate cut expectations ahead of the Fed’s September meeting. Traders point to unresolved macro risks and rising put activity in Bitcoin as signs of caution. U.S. stocks rebounded Monday, lifting risk assets broadly,…
