Everything web3, crypto, defi, degen
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…
In brief Bitcoin mining firm AgriFORCE Growing Systems announced plans to begin an Avalanche treasury. The firm’s stock price skyrocketed following the announcement, rising over 200% on the day at one point. AgriFORCE is raising $300 million via a PIPE led by HiveMind Capital, and has added Anthony Scarmucci to its advisory board. The crypto…
In brief Tidal Financial Group applied for a leveraged AltAlt Season Crypto ETF, along with two other filings on Thursday. The proposed fund confounded even some of the fund industry’s sharpest observers unsure what an “alt alt season” was. The fund will relate initially to the performance of XRP and Solana, and exclude Bitcoin and…
In brief Rex-Osprey launched XRP and DOGE ETFs, and the SEC debuted streamlined listing standards for commodity-based trust shares. Forward Industries became Solana’s first $1 billion treasury company, with Helius planning a $500 million SOL treasury raise KindlyMD shares dropped 54% after filing S-3 registration, releasing $200 million in discounted shares that created sell pressure…
In brief The Rex-Osprey XRP ETF and DOJE ETF debuted Thursday. Analysts were surprised at the trading volume of both ETFs. The price of both XRP and Dogecoin has dipped following the funds’ listing. The first exchange-traded fund giving U.S. investors exposure to XRP had a roaring debut Thursday, bringing in close to $38 million…
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 retreat after post-FOMC rally; BTC -1% at $116,300 Joe Lubin confirms MetaMask token coming “very soon” Plasma sets mainnet debut…
In brief The native token for meme coin launchpad Pump.fun led losses among crypto’s meme economy Friday morning. Dogecoin, PEPE, BONK and other top meme tokens also lost ground, underperforming Bitcoin and Ethereum. Gaming token Immutable jumped 17% on the day, buoyed by partnerships and broader altcoin momentum. Meme coin markets cooled on Friday morning…
In brief IMX climbed nearly 17% Thursday and is up 50% over the past week, CoinGecko data shows. Ubisoft and NetMarble collaborations highlight Immutable’s push to bring crypto rewards into mainstream gaming. SEC approval of broader ETF listing standards has added to the upbeat sentiment across altcoins. Immutable (IMX) led gains among select altcoins on…
In brief The first American spot ETF giving exposure to XRP debuted on Thursday. Bloomberg analyst Eric Balchunas was surprised at the size of the Rex-Osprey XRP ETF’s initial trading volume. The price of XRP has risen over the last day, and Myriad users believe it’ll keep climbing to a new high of $4. The…
In brief Predictors on Myriad think XRP’s next move is up to a record price of $4, instead of a retrace to $2. Odds have flipped, and now predictors think Bitcoin dominance is likely to fall before rising. Airdrop enthusiasts are predicting OpenSea’s token hits their wallets before December. Potential ETF approvals for XRP, Solana,…
