Everything web3, crypto, defi, degen
In brief CalPERS candidates were split on crypto investments, ranging from outright rejection to cautious consideration. The fund holds 410,596 MicroStrategy shares valued at $165.9 million, creating substantial indirect Bitcoin exposure. One challenger wouldn’t “close the door entirely” on crypto, while another called blockchain technology “promising” California state pension fund CalPERS recorded mixed reactions from…
In brief The queue to become an Ethereum (ETH) validator, which allows you to stake the cryptocurrency, has reached the highest level since September 2023. Analysts think this may be partly due to the surge of investment in ETH treasury firms, which often engage in staking. Lower network fees on the blockchain were also highlighted…
In brief Experts report a sharp rise in bearish Ethereum options activity, indicating trader caution about a potential price drop. This pessimism conflicts with massive institutional investment flowing into new spot Ethereum ETFs. The market is divided between short-term hedging strategies and long-term bullish accumulation. Experts highlight a stark divergence between Ethereum’s bearish options activity…
In brief The U.S. has jumped from fourth to second place in global crypto adoption as regulatory clarity drives institutional demand, according to the latest Chainalysis report. India has maintained a three-year winning streak despite heavy taxation and compliance requirements. The Asia-Pacific region led growth with a 69% surge in transaction volume, while stablecoin volumes…
In brief Bitcoin posted modest gains today while Ethereum slightly slipped. The long-term bullish outlook for traders remains intact, but the charts suggest choppy waters ahead. Prediction markets are split on near-term price outlooks for BTC and ETH. Will crypto break the ‘Red September’ curse? There is measured optimism today in the market.The crypto market…
In brief Solana’s Alpenglow upgrade, which would cut transaction finality from over 12 seconds to 150 milliseconds, already has over 99% validator support. Over $1.7 billion in SOL is already locked in corporate treasuries. MEXC chief analyst Shawn Young forecasts SOL at $215 in September and $250 by year-end, barring setbacks. Solana is preparing to…
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 The SEC is mulling 90 applications for crypto ETFs, many focused on XRP, Solana, and other top altcoins. Many of the funds are expected to be approved this year, according to industry experts. Some will likely be shuttered due to lackluster inflows, a crypto startup CEO told Decrypt. There is a growing stack…
WHY IS CRYPTO DOWN? ETH LEADS CRYPTO LOWER, PCE INFLATION TODAYETH leads majors lower, BTC ETF inflows flip ETH. US partners with LINK & PYTH to put data onchain. US to create path for offshore exchanges to return. 92 crypto related ETPs in the works. 21Shares files for SEI & HYPE ETFs. Binance futures trading…
In brief 21Shares filed with the SEC for the first SEI ETF tracking the Sei blockchain token with potential staking rewards for additional yield. The application joins a set of altcoin ETF filings as fund managers target smaller digital assets beyond Bitcoin and Ethereum. Canary Capital filed a similar SEI ETF application in May. Asset…
