Everything web3, crypto, defi, degen
In brief Dogecoin is up 8% in the last 24 hours as the first ETF with spot exposure hits the market. The DOJE ETF generated nearly $6 million in trading volume in the first hour, surpassing Bloomberg analyst expectations. More Dogecoin ETFs are expected to hit the market in the next month. Dogecoin (DOGE) is…
In brief The SEC said that Grayscale’s Digital Large Cap Fund conversion into an ETF is approved for listing and trading. The fund tracks the price of Bitcoin, Ethereum, Solana, XRP, and Cardano. Other ETFs tracking XRP and Dogecoin began trading on Thursday. An exchange-traded fund from crypto asset manager Grayscale that tracks the price…
BTC & SOLANA JUMP UP, BNB CROSSES $1,000, HYPE HITS ATHCrypto majors mostly rally post-FOMC; BTC at $117,300. SOL jumps 5% as Forward Industries announces $4B ATM. BNB crosses $1,000 for first time; CZ bull-posts ASTER (+400%). Hype hits new ATH at $59; Project X announces its Phase 2. TokenWorks & PNKSTR announce perpetual machine…
In brief Bitcoin dominance dropped to 57.79% as traders rotate into altcoins like XRP, BNB, and Solana ahead of expected SEC ETF approvals. Despite the decline, analysts forecast Bitcoin could reach $140K-$145K by year-end, with institutions continuing to pour over $2 billion into ETFs this week. Major altcoins are outperforming Bitcoin short-term, with Solana up…
In brief U.S. spot Bitcoin ETFs ended a seven-day streak of inflows as Wednesday saw $51.3 million in net outflows. BlackRock’s iShares fund added $150 million while Fidelity and Grayscale posted steep redemptions. Bitcoin ticked up slightly to $117,800 after the Fed cut rates by 0.25 percentage points. Spot Bitcoin ETFs ended a seven-day streak…
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 mostly rally post-FOMC; BTC at $117,300 SOL jumps 5% as Forward Industries announces $4B ATM BNB crosses $1,000 for first…
In brief PENGU has jumped by double digits over the past 24 hours, following its appearance in the earnings report of a publicly traded digital asset exchange. Predictors on Myriad think it’s likely that the meme coin will climb an extra 34% to $0.05, rather than dipping to $0.02. The Pudgy Penguins’ NFT collection has…
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In brief The standards bar leveraged and inverse trusts from using the generic path. Eligible assets must already be traded on regulated, surveilled markets or backed by an existing ETF. Solana and Litecoin ETFs could arrive within weeks, with Dogecoin and others in line, Decrypt was told. The U.S. Securities and Exchange Commission signed off…
In brief Analysts were upbeat that the Fed would cut interest rates again and help bolster risk assets. In his post decision comments, Jerome Powell noted the bank’s concerns about a sagging job market and continued inflationary pressure. Bitcoin was trading at about $116,200, down slightly over the past 24 hours. Neither the U.S. central…
