Everything web3, crypto, defi, degen
In brief eToro has said it will launch tokenized stocks on Ethereum. Investors will be able to trade the assets around the clock. eToro has not given a date on when it will unveil the product. Online brokerage eToro will unveil tokenized stocks on the Ethereum blockchain, the company announced Tuesday. The new feature will allow…
In brief Bakkt is selling the unit to Project Labrador as part of its shift toward becoming a pure-play crypto platform. The loyalty business only generated roughly $10 million in Q2 revenue, compared to more than $568 million from its crypto services. Analysts told Decrypt the pivot sharpens focus but won’t easily close the gap…
In brief Bitcoin has traded between $117,000 and $119,000 for over two weeks, slipping 2% after a weekend rally. Ethereum has climbed to near the $4,000 level, backed by over $5 billion in ETF inflows and rising derivatives activity. XRP sentiment has improved as investors eye potential regulatory clarity. The cryptocurrency market extended its losses…
In brief The SEC has pushed back its decision on whether to approve or deny the Truth Social Bitcoin ETF and Grayscale Solana ETF, according to a pair of filngs. Its new deadlines for the Truth Social Bitcoin ETF and Grayscale Solana ETF are September 18 and October 10, respectively. The SEC has delayed decisions…
In brief Bitcoin and Ethereum ETFs hit a record $11.2 billion in monthly inflows in July, with Ethereum ETFs pulling in $1.6 billion last week alone. Ethereum ETFs have already surpassed their entire 2024 performance with $7.8 billion in inflows this year, with ETH’s smaller market cap making it easier to move. Solana and XRP…
In brief Options markets now assign a 30% probability to Ethereum reaching $6,000 by year-end, up from 7% in early July, Decrypt was told. A U.S.-EU trade deal has calmed global risk sentiment, creating a more favorable backdrop for digital assets. Low volatility and funding rates suggest crypto’s latest rally is being driven by spot…
In brief Jeff Garzik, an early Bitcoin developer, said he has a “super long-term view” of Ethereum and is bullish on it. Ethereum will continue to exist as a major project in the Web3 world, largely due to the usefulness and ubiquity of the Ethereum Virtual Machine, he said. ETH’s price soared past $3,800 this…
In brief Spot Ethereum ETFs generated over $1.8 billion in investments this week. The nine funds outpaced their Bitcoin counterparts, which added just $70 million. Interest in Ethereum has risen with the passage of a stablecoin bill and rise of Ethereum treasury companies. For a week, at least, spot Ethereum exchange-traded funds outpaced their Bitcoin…
In brief BlackRock’s Ethereum ETF (ETHA) became the third-fastest ETF to reach $10 billion in assets, achieving the milestone in 251 days despite initial lukewarm reception compared to Bitcoin ETFs. MicroStrategy is raising up to $2.5 billion through a new preferred stock offering to buy more Bitcoin while facing class-action lawsuits over previous stock offering…
In brief BlackRock’s former head of digital assets strategy, Joseph Chalom, is joining SharpLink Gaming as co-CEO. Chalom helped launch BlackRock’s Bitcoin and Ethereum ETFs. Shares of SBET have dropped over 6% on the day. A former digital assets executive at BlackRock, Joseph Chalom, has joined publicly traded Ethereum treasury company SharpLink Gaming as co-CEO,…
