Everything web3, crypto, defi, degen
In brief The U.S. conducted two recent strikes on alleged Venezuelan drug trafficking vessels, killing 14 people total and escalating tensions with President Maduro. Bitcoin remains relatively stable at $115,018 despite the geopolitical turmoil, though analysts warn traders to monitor resistance and support levels closely. Prediction markets show 90% of traders expect a 25-basis point…
In brief Gemini debuts on Nasdaq with $4.4B valuation, shares up 22.6% amid regulatory drama with CFTC nominee. Figure launches public trading at $5.3B valuation as crypto lending meets capital markets. Tokenization gains momentum with BlackRock eyeing ETF tokenization and Nasdaq proposing tokenized stock trading. Public Keys is a weekly roundup from Decrypt that tracks…
In brief Ethereum rose above $4,600 on Friday, driven by institutional accumulation from treasury companies and ETF inflows. CryptoQuant reports a surge in staking activity, including one whale moving $645 million in ETH specifically to stake it. 73% of traders on prediction market Myriad now bet ETH will reach $5,000, up from 61% at the…
In brief Crypto exchange Gemini has priced its IPO at $28 per share ahead of open trading on the Nasdaq. The pricing tops forecasts after months of investor buildup. The Winklevoss brothers bring political ties and regulatory baggage into the spotlight, but Gemini’s losses and CFTC battles loom over its market debut. Gemini, the U.S.-based…
In brief 21Shares launched a new ETP tied to dYdX’s native token, extending regulated access to one of the largest decentralized derivatives protocols. The product follows 21Shares’ earlier DeFi ETPs including Aave and Uniswap launched in 2022, becoming Europe’s largest crypto ETP issuer with 48 products. DYDX was chosen because it “adds a distinctive dimension”…
We’re excited to launch something new — and if you’ve ever wanted to take a position on what’s going to happen next in crypto markets, this could be for you. Today we’re launching Kraken Perps (short for Kraken Perpetuals), available in select regions to eligible clients worldwide. These offer a simple, flexible way to trade…
In brief Aggregate 24-hour Ethereum futures volume climbed to $49.4 billion, topping Bitcoin’s $42.9 billion. U.S. spot Bitcoin ETFs drew $1.39 billion in inflows over 10 days, while Ethereum ETFs lost $668 million. Altcoins’ share of total trading volume rose to 50% this week, up from 40%, as Bitcoin’s dominance slipped. Experts suggest growing anticipation…
In brief Projects are fighting over who will take control of the USDH ticker to create a “Hyperliquid-aligned” stablecoin. Major companies like Ethena, Paxos, Sky, and Agora have submitted proposals, most of which include a way to give back to the Hyperliquid community. But the relative newcomer Native Markets is currently looking most likely to…
CRYPTO ALL GREEN, PPI TODAY, PUMP & IP LEAD ALTSCrypto mixed ahead of PPI, SOL outperforms. ETH ETFs get inflows after 6-day outflow streak. Metaplanet upsizes discounted $1.4b raise. KindlyMD commits $30m in Metaplanet equity raise. Sharplink buys back 1m shares. Ethena joins race for HYPE stablecoin. Native Markets favourite to win HYPE stablecoin race.…
In brief Backpack will likely offer spot crypto trading in the U.S. this year, according to CEO Armani Ferrante. The debut is contingent on attaining money-transmitter licenses. The firm rolled out perpetual futures trading in the EU earlier this week. Backpack’s crypto exchange will likely debut in the U.S. this year, starting with spot trading…
