Everything web3, crypto, defi, degen
In brief Jiuzi Holdings announced a crypto treasury strategy focused on Bitcoin, Ethereum, and BNB. The firm’s board approved up a plan to spend up to $1 billion on the crypto assets, though its cash and cash equivalents were less than $1 million last year. Shares of JZXN skyrocketed upon open, but have now fallen…
In brief Ethereum founder Vitalik Buterin praised Coinbase’s L2 network Base for “doing things the right way” by balancing centralized UX improvements with Ethereum’s decentralized security. Base has grown to hold $15 billion in assets since debuting in August 2023, though it peaked above $16 billion earlier this year. Critics argue Base’s centralized aspects could…
In brief Bitcoin and Ethereum ETFs recorded combined outflows of $439.1 million on Monday, with Bitcoin funds losing $363.1 million and Ethereum products shedding $76 million. The market saw $376.20 million in crypto liquidations in the last 24 hours. Analysts view the outflows as profit-taking and de-leveraging, with Friday’s PCE report seen as pivotal for…
In brief September got off to a hot start, but the seasonal “Red September” curse might now be kicking in. Bitcoin is now just 4% away from marking another down month in September, historically the worst month of the year for markets. Myriad prediction market users remain somewhat bullish, but the charts paint a less…
In brief BitMine Immersion now holds 2% of the total ETH supply following its latest buy. The Nasdaq-listed Bitcoin miner pivoted to a Ethereum-buying strategy in May. Its stock was trading lower on Monday following the ETH buy and a stock sale. Nasdaq-listed Bitcoin miner BitMine Immersion bought more Ethereum last week, bringing its total…
In brief Bitcoin and Ethereum ETFs attracted $1.9 billion in net inflows last week, driven by investor optimism following the Federal Reserve’s first rate cut of the year. BlackRock’s iShares Bitcoin Trust dominated with $866 million in deposits, while XRP and Solana ETPs also saw strong demand at $69.4 million and $127.3 million respectively. Despite…
The crypto landscape is evolving faster than ever before, drawing in a new wave of mainstream investors. We’re here to simplify that journey, making crypto investing smarter, more accessible and easier for everyone. That’s why we’re excited to launch Bundles – an innovative new feature in the Kraken platform that lets you buy diversified portfolios…
In brief The crypto market retreated sharply Monday morning, with the total market cap dropping to $3.98 trillion. More than 390,000 traders were liquidated, with longs making up the bulk of the $1.68 billion in losses. Dogecoin dropped by 10%, leading losses among the top 10, while Bitcoin held relatively firm in comparison to altcoins…
In brief Tidal Financial Group applied for a leveraged AltAlt Season Crypto ETF, along with two other filings on Thursday. The proposed fund confounded even some of the fund industry’s sharpest observers unsure what an “alt alt season” was. The fund will relate initially to the performance of XRP and Solana, and exclude Bitcoin and…
In brief The Rex-Osprey XRP ETF and DOJE ETF debuted Thursday. Analysts were surprised at the trading volume of both ETFs. The price of both XRP and Dogecoin has dipped following the funds’ listing. The first exchange-traded fund giving U.S. investors exposure to XRP had a roaring debut Thursday, bringing in close to $38 million…
