Everything web3, crypto, defi, degen
We’re excited to announce the next major step in the rapid growth of xStocks, the industry’s gold standard for tokenized equities. In partnership with Backed, Kraken is bringing xStocks to the Ethereum blockchain, unlocking a new wave of opportunities for tokenized stocks and ETFs to be integrated across the world’s most widely adopted smart contract…
In brief The tokenized assets market is now worth about $600 billion globally. Europe leads in fixed-income issuance, accounting for more than half of 2024’s total. But regulators are trying to strike a balance between innovation and investor protection. The European Union’s top markets regulator is calling for a balance between financial innovation and investor…
In brief BofA’s risk-love indicator hit 1.4, its highest in 13 months, signaling bullish extremes. Bitcoin and Ethereum remain flat over the past week despite recent equity gains. September seasonality and jobs data are keeping traders cautious. U.S. stocks are flashing signs of euphoria, contrasting with a muted crypto market as traders look to divine…
In brief Bitcoin has dropped 3.77% on average each September since 2013, with eight monthly crashes in 11 years. Seasonal pressures—from fund rebalancing to Fed policy jitters—fuel risk-off sentiment that spills over from stocks into crypto. This year’s setup adds war, sticky inflation, and Fed uncertainty, making $105K the line in the sand for traders.…
In brief Bitcoin dropped on Friday, bringing Ethereum and other major coins and tokens with it. Cryptocurrency prices dropped on hot inflation data, with stocks also dipping on Friday. September is typically a bad month for crypto, though Bitcoin and Ethereum just recently hit new highs. Bitcoin dropped below the $109,000 mark on Friday—bringing other…
In brief Bitcoin’s volatility has plunged this year. Analysts at JP Morgan think this should make the asset more attractive to investors. The leading cryptocurrency’s price should be at $126,000, they said. Bitcoin’s price should be higher as its volatility has plunged and the asset has become more attractive asset for institutions, JP Morgan analysts…
In brief Nvidia disclosed $46 billion in second-quarter profit. The U.S. economy grew at an annual rate of 3.3% in Q2. Solana was up 2.3%, as one analyst pointed to interest from treasury firms. The price of Bitcoin and other cryptocurrencies rose on Thursday as investors mulled the strength of Nvidia’s earnings and signs of…
Major cryptocurrencies like Bitcoin, Ethereum, XRP, and Dogecoin continued to fall Monday, triggering a wave of liquidations that topped $900 million over the past 24 hours.Bitcoin dropped below $110,000 for the first time since early July, spearheading a market-wide swoon after a whale unloaded 24,000 BTC worth $2.7 billion on Sunday. The continued dive also…
In brief Pudgy Penguins is a popular crypto-native IP that started from NFTs and has expanded into toys, games, and more. CEO Luca Netz told Decrypt that he hopes to take the company public within two years. In addition to NFTs on Ethereum, the brand has launched a meme coin, PENGU, on Solana. Pudgy Penguins…
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…
