Everything web3, crypto, defi, degen
In brief Sen. Warren acknowledged the need for crypto legislation but critiqued the industry’s influence on US politics. The senator claimed the GENIUS Act was an instance of the industry writing “its own legislation.” She compared it to another bill—the Commodity Futures Modernization Act of 2000—which may have indirectly influenced the 2008 financial crisis. Sen.…
In brief HYPE is currently trading for just above $43. That means Hyperliquid needs a 60% surge in price for the token to hit $69.69 before September. Predictors on Myriad place the odds of that happening at 30%. Here’s what the charts have to say. Will Hyperliquid’s native token continue to ride the HYPE and…
In brief Bitcoin’s consolidation near $120,000 has fueled recent gains in major altcoins, but signs of exhaustion are emerging. Analysts flag a buildup of Ethereum sell orders and leveraged positioning in Solana, pointing to a possible short-term correction. Despite near-term caution, some remain bullish, citing macro drivers like Fed rate cuts and liquidity trends. Several…
In brief Coinbase has launched CFTC-regulated perpetual futures for U.S. traders, offering up to 10x leverage. The move follows last week’s signing of the GENIUS Act, a landmark crypto law by President Trump. The launch fills a long-standing gap in U.S. crypto markets, Decrypt was told. Coinbase launched CFTC-regulated perpetual futures for U.S. customers Monday,…
In brief Polymarket acquired derivatives exchange QCX for $112 million, the prediction market startup announced Monday. The company is trying to re-enter the U.S., founder and CEO Shayne Coplan said. In June, X tapped Polymarket as its official prediction platform. Polymarket acquired the derivatives exchange QCX alongside efforts to return to the U.S., the crypto-powered…
In brief Trump Media announced on Monday that it had purchased $2 billion in Bitcoin. The publicly traded firm unveiled its Bitcoin acquisition strategy in May. Shares of Trump Media are up roughly 6% following the announcement. Trump Media & Technology Group has purchased $2 billion in Bitcoin and BTC-related securities for its corporate treasury,…
In brief Bitcoin’s dominance is creeping down, but it’s too early to tell if it’ll become a trend, 21Shares’ Adrian Fritz said. At $2.3 trillion, Bitcoin’s dominance stood at around 61% on Friday. CoinMarketCap’s Altcoin Season Index stood at 43, leaning toward Bitcoin. Bitcoin’s grip on the $4 trillion cryptocurrency market may be loosening, but…
In brief Kraken has launched CME-based Bitcoin and Ethereum futures for U.S. traders. The new offering coincides with congressional approval of landmark digital asset bills during what Republicans have dubbed “Crypto Week.” The CFTC gains ground as a preferred regulator, raising hopes for clearer rules across the industry. Kraken launched a regulated crypto futures platform…
In brief XRP has hit a new all-time high, with other altcoins seeing explosive gains. Solana jumped 11.44% to $175 this week, breaking key price resistance zones and technical indicators confirming trend strength. Will SOL follow XRP and Ethereum “higher”? Let’s take a look at the charts. It certainly feels like altcoin season is in…
In brief Ripple co-founder and XRP co-creator Chris Larsen has moved more of his coins to Coinbase. Could he be preparing to sell as XRP closes in on a new high after seven years? XRP is only pennies away from breaking its 2018 record mark of $3.40. Ripple co-founder and Executive Chairman Chris Larsen has…
