Everything web3, crypto, defi, degen
CRYPTO REBOUNDS, ASTER METRICS SOAR, PLASMA HITS $13BETH, HYPE & BNB lead bounce in top L1s. ETH ETFs saw ATH outflows last week. Swift to launch blockchain in response to stablecoins. ASTER flips Tether in fees, Binance for perp volume. SEC’s Pierce urges quick progress in crypto. Stablecoin supply hits ATH over $300b. Plasma briefly…
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack.GM!Today’s top news: Crypto majors rally over the weekend; BTC reclaims $112,000 Vanguard reportedly considering offering crypto ETF access to its 50M investors SEC and…
In brief Bitcoin recovered to $112,000 Monday morning, recovering losses sustained during last week’s price slump. CME-based Bitcoin futures and options products saw a $4.33 billion decline in open interest between September 18 and 26. Crypto-native investors remained optimistic despite last week’s liquidation event, supported by an $800 million uptick in open interest and rising…
In brief A volatile crypto market has led to drastic odds shifts on some of Myriad’s most-traded prediction markets. Predictors have flipped bearish on Ethereum and PENGU, now suggesting both are more likely to “dump” then rise to new heights. While a Solana all-time high by the year’s end felt likely last week, predictors now…
In brief Liquidations topped $1.1 billion, most of the them long positions. Bitcoin was down 3.6% over the past 24 hours and nearly 7% for the week. Glassnode said that crypto markets were showing “signs of exhaustion.” Major digital coins including Bitcoin, Ethereum, and Dogecoin plunged on Thursday, with liquidations over a 24-hour period topping…
In brief The price of Ethereum has dropped 10% in the past month and is currently just above $4,000. Macroeconomic uncertainty has slowed demand from institutions, resulting in reduced institutional accumulation via daily ETF net flows and DAT-driven purchases. Experts suggest the realized price of accumulating Ethereum addresses around $3,000 is a pivotal support. Investor…
In brief GSR Digital Asset Treasury Companies ETF will invest at least 80% of its assets in firms that hold cryptocurrencies in their corporate treasuries. The market maker’s registration statement to the SEC included proposals for four other funds that would focus primarily on Ethereum and staking. London-based GSR recently opened a U.S. asset management…
In brief Bitcoin has dropped 5% since last Thursday, while gold has surged nearly 5% to record highs. The growing divergence could be linked to institutional investors’ preference for gold as a safe-haven asset amid macroeconomic uncertainty, Decrypt was told. If history repeats, the top crypto is likely to outperform the precious metal as the…
In brief Bitcoin and Ethereum ETFs recorded combined outflows of $439.1 million on Monday, with Bitcoin funds losing $363.1 million and Ethereum products shedding $76 million. The market saw $376.20 million in crypto liquidations in the last 24 hours. Analysts view the outflows as profit-taking and de-leveraging, with Friday’s PCE report seen as pivotal for…
In brief Bitcoin and Ethereum ETFs attracted $1.9 billion in net inflows last week, driven by investor optimism following the Federal Reserve’s first rate cut of the year. BlackRock’s iShares Bitcoin Trust dominated with $866 million in deposits, while XRP and Solana ETPs also saw strong demand at $69.4 million and $127.3 million respectively. Despite…
