Everything web3, crypto, defi, degen
In brief Solana is steadily climbing up the price charts, leading today among crypto majors. The price of SOL jumped by as much as 8% today, and the odds of SOL hitting a new all-time high this year have increased on Myriad by almost 20%. Here’s what the charts have to say about it. Solana…
In brief KuCoin says it will become the first global exchange to support Thailand’s G-Token program, beating other major exchanges to the punch. In May, Thailand approved the world’s first publicly offered tokenized government bond worth 5 billion baht (US$153 million). KuCoin says the G-Token initiative could serve as a template for other governments exploring…
In brief Ethereum sank below $4,350 early Tuesday before gaining ground. Fundstrat managing partner Thomas Lee predicted that ETH would not fall below $4,000. Lee expects ETH to surpass $5,000 in the near future. Fundstrat Head of Research Tom Lee predicted that Ethereum would hit a temporary bottom Tuesday before beginning a climb beyond $5,000,…
In brief Ethereum hit a new all-time high price, breaking a record set back in 2021. The second-biggest cryptocurrency had lagged behind Bitcoin in gains, and long lingered well short of its previous peak. Institutional adoption and a favorable regulatory landscape have helped the coin in recent months. Ethereum hit a new all-time high price…
In brief Shares of crypto companies rose in price alongside digital assets and major stock indices. The price surge comes after Federal Reserve Jerome Powell indicated that the central bank could cut rates next month. Bitcoin and Ethereum were also trading higher on Friday, with ETH and altcoins leading the charge. Crypto-focused company stocks rose…
In brief Eight Sleep landed a $100M Series D from Founders Fund, Y Combinator, and F1 investors, pushing sales past $500M It’s AI “Sleep Agent” system adjusts temperature and heart rate, but users gripe about leaks, glitches, and black-box data Celebrity fan club includes Elon Musk, Mark Zuckerberg, and Scarlett Johansson—while Reddit calls it a…
In brief Nasdaq-listed Bitdeer posted earnings this week—with slimming profits but increased revenue. The miner is laser-focused on its expansion. But it won’t be pivoting to a treasury strategy yet. Bitcoin mining has faced challenging times as costs rise, rewards fall and the macroeconomic environment grows more uncertain, but Nasdaq-listed Bitdeer (BTDR) told Decrypt that…
In brief xStocks, a feature which allows users to traded tokenized versions of companies like Nvidia, Apple, and Meta, is expanding to Tron. The tokenized stocks are backed 1:1 with real shares in the underlying companies. xStocks so far have generated more than $500 million in on-chain trading volume. Tokenized versions of Tesla, Nvidia, Apple,…
In brief Crypto markets have decidedly shifted from “greed” to “fear” as the rally cools and uncertainty sets in. Even still, crypto majors like Ethereum and Solana are showing resilient signs. The day’s biggest overperformer, though, may come as a surprise: Is Chainlink making a comeback? Crypto markets appear to be entering a cautious rebound…
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…
