Everything web3, crypto, defi, degen
In brief Trump Media and Technology Group is working with AI giant Perplexity. The two companies have released an AI-powered search engine for President Trump’s Truth Social platform. Trump Media has a number of crypto-related ventures. Trump Media and Technology Group, which runs Trump’s social media platform, Truth Social, is working with artificial intelligence giant…
In brief Bitcoin is up around 1.3% in the last 24 hours, reclaiming $115,000 while Ethereum has jumped 2.8% and is above $3,600. ETH ETFs regained inflows on Tuesday despite Bitcoin ETFs posting another day of outflows. Analysts seem unfazed by the market movement, noting that dips are expected in bull markets. Crypto markets rebounded…
In brief Ethereum daily transactions reached 1.87 million, approaching the all-time high of 1.96 million set in January 2024. The surge has been driven primarily by increased activity from stablecoins USDC, Tether, and decentralized exchange Uniswap. Market analysts attribute the surge to regulatory developments like the GENIUS Act passage, multiple ETF approvals bringing traditional market…
In brief Ethereum treasuries have bought up billions in ETH. Standard Chartered analyst Geoffrey Kendrick thinks they may get investors better value for money than ETFs. The price of ETH has rallied as institutions pile into the asset. Buying shares in Ethereum treasuries is a better investment than buying ETH exchange-traded funds, an analyst wrote…
$PUMP REBOUNDS, CRYPTO EDGES LOWER, CHINA TESTING STABLECOINSCrypto volatile amid weaker macro picture. BTC ETF outflows continue, ETH turns positive. Short term BTC holders dump $18b as whales buy. Liquid staking Activities are not securities: SEC. China testing out Yuan stablecoins. Brazil considers BTC reserve. Japan’s SBI files for various crypto ETFs. Michigan pension fund…
In brief Bitcoin ETFs saw $196.18 million in outflows Tuesday, marking four straight days of selling after recent all-time highs. Trump’s tariff threats on India and other sectors sparked risk-off sentiment, driving institutional investors to safer assets. Ethereum ETFs gained $73.3 million Tuesday, snapping a two-day losing streak while Bitcoin holds steady at $114,000. Bitcoin…
In brief The SEC has formally exempted major Ethereum and Solana staking protocols from securities laws. It’s likely the final clarification needed to give staking ETFs the green light. The precedent is also now set for staking across broader decentralized protocols. GM!Today’s top news: Crypto majors dip after Monday’s rally; BTC at $114,300 SEC gives…
In brief Michigan Retirement System now holds 300,000 shares of the ARK Bitcoin ETF, up from 100,000 in Q1. The fund also maintains a $13.6 million position in Grayscale’s Ethereum Trust, unchanged since last year. Despite $1.4 billion in recent ETF outflows, institutional interest, including from pension funds, remains steady. The State of Michigan Retirement…
In brief On-chain data shows dormant whales moving 3,000 BTC—often a sign of local tops. Options skew turns negative, indicating rising demand for downside protection. Spot ETF outflows and halted fund inflows suggest waning institutional appetite. Bitcoin’s August recovery is heavy-footed as multiple sell signals converge.Weakness is evidenced by two key metrics that suggest a…
In brief Amanda Fischer, ex-Chief of Staff to SEC Chair Gary Gensler, compared liquid staking to the risky rehypothecation practices that helped sink Lehman Brothers. Crypto lawyers and founders say Fischer overstates the SEC’s stance, which narrowly applies to passive, non-leveraged staking setups. Figures from VanEck, Solana’s Helius Labs, and Magic Eden called Fischer’s claims…
