Everything web3, crypto, defi, degen
In brief Treasury Secretary Scott Bessent urged the Fed to consider a 50bps cut in September after weak job revisions and soft inflation data. July inflation came in at 2.7% year-over-year, slightly above expectations but reinforcing hopes for looser policy. Crypto markets rallied, with Ethereum hitting multi-year highs as traders priced in deeper rate cuts.…
In brief Investors put over $1 billion into Ethereum ETFs on Monday, breaking the single-day record. The surging investment shows that people finally understand the cryptocurrency, Bloomberg analyst Eric Balchunas told Decrypt. Ethereum’s price is now close to breaking a new all-time high, topping $4,500 on Tuesday for the first time since 2021. Investors threw…
Ethereum’s momentous surge continued Tuesday afternoon, with the price of the second-largest cryptocurrency by market cap topping $4,500 for the first time since 2021.ETH has surged by 26% over the last week alone, pushing its 30-day gain to over 50%. Compare that to Bitcoin, which is up about 6% on the week and roughly flat…
ETH ETF INFLOWS ATH, CIRCLE & STRIPE PLAN L1S, CPI TODAYBitcoin pulls back after falling short of ATH. ETH outperforms, ETFs hit record $1b+ inflows. Stripe building L1 blockchain for payments. Circle profit rises 53%, also building L1 chain. Strategy bought only $18m BTC last week. Metaplanet buys $61m BTC. BMNR now top ETH holders,…
In brief Open interest in ETH futures positions surged to over $57 billion on Tuesday. ETH also topped all other coins in liquidations, as the token takes center stage for investors. The attention is largely thanks to ETH’s surging price, which is now closer to eclipsing its all-time high than at any point since 2021.…
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 mixed ahead of CPI; ETH leads +2% to $4,280 ETH ETFs post first $1B day; Tom Lee acquires 1.2M ETH…
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.…
ETH BREAKS THROUGH $4K, BTC NEARS ATH, PUNKS NOW $240KBitcoin nears ATH, ETH hits highs since 2021. ETH leads majors, 71% odds it hits $5k in 2025. BlackRock has no plans for XRP or SOL ETF. Harvard bought $117m BTC ETF. Bo Hines to step down and move to private sector. WLFI plans $1.5b fundraising…
In brief BitMEX co-founder Arthur Hayes has moved $8.4 million in ETH and other tokens over the past 24 hours Institutional wallets linked to a “mysterious” buyer and SharpLink Gaming accumulated over $1.1 billion in ETH in two weeks. Analysts cite ETF flows, macro catalysts, and fresh regulatory clarity as reasons for ETH’s surge, but…
In brief Ethereum’s recent surge, driven by institutional ETF inflows, has sparked increased market confidence in potential altcoin season. Top altcoins like Solana, Dogecoin, XRP and meme coins are likely to see an increased speculative activity. Analysts believe this phase could last until November Ethereum-betas could catch a headwind due to the cautiously optimistic due…
