Everything web3, crypto, defi, degen
In brief CoreWeave’s revenue has tripled while its order backlog grew, but losses persisted and operating margins compressed to just 2% from 20% a year ago. Shares fell by 10% after-hours as thinner margins and a bigger loss rattled investors. Observers flagged how depreciation of CoreWeave’s current hardware may mask losses, and rivals catching up…
In brief Almost 8% of Ethereum’s total supply is now taken up by ETH ETFs and strategic reserves, up from 3% at the start of April. Ethereum ETFs account for over 5% of the circulating supply of ETH. Firms that missed the Bitcoin treasury moment are “jumping on Ethereum and other altcoins,” analysts told Decrypt.…
In brief Bitcoin has rebounded 4.5% since Saturday, nearing its mid-July record of $122,838. Derivatives data shows a jump in open interest, pointing to a surge in leveraged long bets. Traders are watching Tuesday’s CPI release for clues on potential Fed rate cuts. Bitcoin is expected to break its all-time high this month as a…
In brief Ethereum’s price hit $4,000 on major exchanges on Friday. The coin has made a comeback in recent months amid a surge in ETH treasuries. Ethereum’s blockchain has experienced a flurry of activity this week. Ethereum’s price touched $4,000 per coin on Friday for the first time since last December on a number of…
In brief Trump has tapped Bitcoin-friendly economist Stephen Miran for a seat on the Federal Reserve Board. Bitcoin jumped 2%, topping $117,500 as traders expect looser Fed policy under Miran. Still, one analyst warns the Fed’s credibility could erode, echoing 1970s inflation risks. Bitcoin has shaken off the prior week’s market jitters to regain a…
GM!Today’s top news: Crypto majors soar on 401(k) and BOE rate cut news; ETH & SOL lead Trump to sign Executive Order today allowing crypto in 401(k)s Tom Lee calls for $16,000 ETH + 5-10% crypto portfolio allocation Roman Storm found guilty on 1 count in split jury, retrial likely to come Art Blocks introduced…
In brief The broader crypto market rally has stalled, with total market cap falling again today. But one token is swimming against the current: Mantle, or MNT. Mantle is building an Ethereum treasury, and ETH charts tell an interesting story of their own. The cryptocurrency market is catching its breath after Monday’s exuberance, with the…
In brief A Welshman has quit his pursuit of recovering 8,000 Bitcoin from a hard drive that was accidently thrown into a landfill in Newport, Wales in 2013. James Howells attempted “everything humanly possible” to recover his buried BTC from legal battles to multi-million dollar bids but nothing worked. Now, he’s pivoting his plan to…
In brief Crypto market cap has rebounded above $3.7 trillion. Ethereum has broken above a key price resistance zone. XRP and Litecoin show double-digit weekly gains, and the charts are showing signs traders like to see. After a rough weekend that saw cryptocurrencies plunge alongside global risk assets, the crypto market is staging an impressive…
August is the month of “Remember that Franchise?” Aside from the annual Madden game, a lot of the games we’re looking forward to this month are returns to older franchises—one of which hasn’t seen a new entry in almost 15 years. There are a few remake/remaster-type games on this list, but our first entry, Mafia: The…
