Everything web3, crypto, defi, degen
In brief Marathon Digital’s AI strategy relies on co-developing platforms with energy firms. The strategy is unproven, according to analysts at Compass Point. The Bitcoin miner is also trying to grow its revenue abroad. Analysts at investment firm Compass Point reiterated a “neutral” rating for Marathon Digital on Wednesday, arguing that the firm’s focus on…
In brief Ethereum has risen nearly 3% this week, defying Bitcoin’s pullback and approaching the $4,000 mark for the fourth time since March 2024. Analysts cite growing ETF inflows, potential approval of staking, and institutional buying as key drivers behind the rally. Market watchers say a favorable macro backdrop, including Fed policy and AI-fueled risk…
In brief Beijing and Washington discussed prolonging the 90-day tariff pause, but no agreement was reached. Bitcoin slipped slightly to $118,000 as traders await clarity on macro policy signals. Focus now shifts to Wednesday’s Fed meeting, with markets pricing in a 65% chance of a September rate cut. Bitcoin and the broader crypto market remained…
In brief Bitcoin treasury Twenty One has added 5,800 Bitcoin to its holdings after acquiring more BTC from Tether. The firm, started by Tether, Bitfinex, Cantor Fitzgerald, and SoftBank, will hold 43,500 digital coins. Traditional investors will be able to get exposure to the leading cryptocurrency via the company’s shares. Bitcoin treasury Twenty One Capital…
In brief The SEC has pushed back its decision on whether to approve or deny the Truth Social Bitcoin ETF and Grayscale Solana ETF, according to a pair of filngs. Its new deadlines for the Truth Social Bitcoin ETF and Grayscale Solana ETF are September 18 and October 10, respectively. The SEC has delayed decisions…
Software firm turned Bitcoin treasury company Strategy has been buying Bitcoin for more than five years, pioneering the growing trend of publicly traded firms that are adding cryptocurrencies to their balance sheets.What started as a way to “maximize long-term value for shareholders” has transformed into an industry-shifting paradigm that has been further fueled by greater…
In brief XRP price is down more than 12% on the week. Dogecoin is down even worse, over 18% in the last seven days. Technical indicators show differing paths. Here’s why. If you bought into the XRP or Dogecoin hype recently, you might be asking yourself what went wrong. You’re also probably a lot less…
In brief Pump.fun accounted for 19% of tokens deployed through Solana-based launchpads on Saturday. The project’s native token fell to a fresh low on Monday. Meme coin traders have been gravitating toward LetsBonk, which debuted in April Traders on Solana are backing away from Pump.fun following its massive ICO, gravitating toward other meme coin launchpads…
In brief The Wyoming Stable Token (WYST) won’t initially offer a yield, but there is support for enabling the feature later, Wyoming State Senator Chris Rothfuss said. Wyoming’s Select Committee on Blockchain urged the Commission issuing WYST to “resist pressure to act as a political or financial gatekeeper.” The GENIUS Act’s passage could increase crypto…
In brief Spot Ethereum ETFs generated over $1.8 billion in investments this week. The nine funds outpaced their Bitcoin counterparts, which added just $70 million. Interest in Ethereum has risen with the passage of a stablecoin bill and rise of Ethereum treasury companies. For a week, at least, spot Ethereum exchange-traded funds outpaced their Bitcoin…
