Everything web3, crypto, defi, degen
In brief Standard Chartered’s Geoffrey Kendrick sees Ethereum’s pullback from its all-time high as a “great entry point” with $7,500 target by end of 2025. Treasury companies and ETFs have purchased 4.9% of circulating ETH since June, with buying pressure driving the recent surge to $4,953 all-time high. Ethereum ETFs attracted $444 million inflows Monday…
BTC WHALE CAUSES MINI-CRASH, ETH HITS ATH, FOOTBALLFUN GOES VIRALETH hits new ATH then retreats. Whale dumps 24k BTC, triggers mini-crash. Only 18.3m ETH is left on exchanges. Jump & Galaxy plan $1bn SOL treasury vehicle. Sharps Technology plans $400bn SOL DAT. VanEck files for first SOL liquid staking ETF. Sharplink to buy back $1.5b…
In brief Canary Capital has applied for a “Made in America” crypto ETF. The fund, if approved, would give investors exposure to digital coins created in the U.S. or primarily backed by U.S. operations. Canary Capital has applied for a number of altcoin ETFs, including Litecoin and Tron. Crypto fund manager Canary Capital has applied…
In brief Grayscale submitted a registration statement for its Avalanche Trust. VanEck is also seeking approval for an Avalanche ETF in the U.S. Analysts are eyeing a round of crypto ETF approvals in October. Crypto asset manager Grayscale submitted a registration statement for its Avalanche Trust to the U.S. Securities and Exchange Commission on Friday,…
In brief Football Dot Fun, a Web3 fantasy soccer game on Base, exploded with $25.7M trading volume and 10,284 users in under two weeks. Players buy and trade fractionalized “shares” of real football players using in-game Gold currency, with shares depleting as players appear in matches. The ecosystem’s market cap surged from $60M to $160M…
In brief Investment firms are filing a wave of sophisticated crypto ETF applications, including 21Shares’ active crypto fund and 2x leveraged Dogecoin and Sui products. Multiple XRP ETF issuers updated filings following SEC feedback, while regulators delaying decisions on Trump Media and Solana funds until October. Experts predict approval momentum to begin in October despite…
Just two days after finally breaking past its all-time high mark set all the way back in November 2021, Ethereum climbed to an even higher peak on Sunday.Ethereum rose as high as $4,945 on Sunday, per data from CoinGecko, while CoinMarketCap shows an even higher jump to $4,948. ETH remains close to both marks, currently…
In brief Ethereum hit a new all-time high on Friday, but Arthur Hayes thinks it is going much higher. The BitMEX founder upped his price prediction to $10,000-$20,000 this cycle. The prediction is fueled by his anticipation that Trump’s administration will adopt major quantitative easing. After setting a new all-time high price on Friday, Ethereum…
In brief Bitcoin historically follows four-year cycles where it soars one year after its halving and then crashes in price. Some experts say this cycle could be different, though. This is because a new type of investor is now involved in buying the cryptocurrency via ETFs. If history is anything to go by, then Bitcoin…
In brief VanEck filed on Friday a proposal for an exchange-traded fund tracking the price of JitoSOL. The U.S. SEC earlier this month determined that liquid-staking tokens are not securities, clearing a path to putting them in ETF wrappers. The filing comes as investor demand for staked crypto ETFs increases. VanEck submitted an application to…
