Everything web3, crypto, defi, degen
In brief Bitcoin ETFs recorded $645 million in outflows across two days, with Fidelity’s FBTC leading redemptions Tuesday at $246.9 million. Analysts attributed the outflows to investors de-risking ahead of Fed Chair Powell’s Jackson Hole speech. The selloff reverses a $4.7 billion inflow streak from mid-July to early August, though analysts characterize the movement as…
In brief SkyBridge Capital boss Anthony Scaramucci predicted that Bitcoin will be “between $180,000 and $200,000” by the end of 2025. He pointed to supply-and-demand dynamics and institutional interest as major drivers. Scaramucci argued that large institutional investors will mainly opt for Bitcoin ETFs over corporate treasuries. Amid Bitcoin’s roughly 6% pullback this week, former…
In brief Ethereum’s $4 billion supply unlock comes as validators are set to exit in September. Investors remain flat as they await Friday’s Jackson Hole meeting and Powell’s direction for the September rate cut decision. Ethereum’s declining network activity aligns with a broad de-risking sentiment seen across crypto and equity markets. Ethereum faces mounting macroeconomic…
In brief SharpLink Gaming added $601 million in ETH to its treasury last week. The Ethereum-focused firm purchased 143,593 ETH at $4,648 between August 10 and August 15. The buy marks its largets ETH purchase in the past month. SharpLink Gaming purchased $601.5 million Ethereum last week, its largest ETH buy over the past month,…
TOM LEE BUYS $1.7B ETH IN PAST WEEK, $LIGHT JUMPS 50% TO NEW ATH, CRYPTO MAJORS IN THE GREENCrypto weak, ETH ETF sees 2nd largest outflow ever. DAT stocks continue to fall on dilution fears. Strategy buys $51m BTC, relaxes financing rule. Chamath announces crypto SPAC. BMNR flips MARA to claim 2nd largest DAT spot.…
STRATEGY BUYING BTC AGAIN, GOOGLE INVESTS MORE IN BTC MINING, $LIGHT SOARSCrypto weak, ETH ETF sees 2nd largest outflow ever. DAT stocks continue to fall on dilution fears. Strategy buys $51m BTC, relaxes financing rule. Chamath announces crypto SPAC. BMNR flips MARA to claim 2nd largest DAT spot. $3.9b ETH stuck in staking exit queue.…
In brief U.S. Ethereum ETFs experienced $197 million in outflows on Monday, marking the second-highest daily withdrawal figure ever, while pending ETH unstaking requests surged to $3.9 billion. Both Ethereum and Bitcoin pulled back from recent highs, with analysts citing profit-taking after strong year-over-year gains and heightened geopolitical sensitivity around U.S.-Ukraine-Russia negotiations. Technical analysts identify…
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 are slightly green after volatile day; BTC at $115,600 Tom Lee buys $1.7B in ETH in the past week, becomes…
In brief The SEC will decide on the Truth Social Bitcoin and Ethereum ETF on October 8, likely after a rules change request from two exchanges that could shorten approval processes. The agency delayed decisions on XRP funds from Grayscale, Bitwise, CoinShares, Canary Capital, and 21Shares. It also pushed back deadlines on separate Dogecoin and…
In brief BitMine Immersion Technologies added $1.7 billion in ETH in the last week. The firm now holds more than 1.5 million ETH, or greater than 1% of the total Ethereum supply. Shares of BMNR are trading down 3.7% on the day, but still outperforming ETH. BitMine Immersion Technologies added $1.7 billion or more than…
