Everything web3, crypto, defi, degen
In brief Top markets on Myriad this week include predictions on the price of ETH, XRP, and SOL. ETH is charging ahead, but couldn’t push through to a new all-time high before retracing. Yet, predictors think $5K is no trouble in 2025. Predictors are split though about SOL’s chances of creating a new all-time high…
In brief Lixte Biotechnology shares fell 16% on Wednesday after it announced plans to establish a Bitcoin treasury. Bitcoin hit a new all-time high price on Wednesday, but Ethereum has risen much more dramatically of late. Ethereum treasury firms have seen massive gains recently, helping to drive ETH’s momentum. Bitcoin hit a new record high…
The momentum has shifted in the yearslong battle between top crypto companies and protocols and the U.S. Securities and Exchange Commission under the new Trump administration. The regulator, which now has a crypto-friendly chairman in Paul Atkins and a crypto task force led by longtime industry advocate Hester Peirce, is moving away from what Pierce and…
In brief Spot Ethereum ETFs have attracted $2.3 billion in the U.S. this month, equating to roughly 500,000 ETH. The network has issued 450,000 ETH since the “merge” took place in 2022. Ethereum treasury firms have bought lots of ETH recently, but ETFs are still a larger source of demand, according to Standard Chartered. Spot…
Ethereum’s momentous surge continued Tuesday afternoon, with the price of the second-largest cryptocurrency by market cap topping $4,500 for the first time since 2021.ETH has surged by 26% over the last week alone, pushing its 30-day gain to over 50%. Compare that to Bitcoin, which is up about 6% on the week and roughly flat…
In brief Bitmine Immersion is planning to raise up to $24.5 billion from its common stock sales to buy more ETH. The Ethereum treasury firm is selling its common stock for $0.0001 per share. The company had already accumulated more than $2 billion worth of Ethereum tokens, as of publication time. Bitmine Immersion is upping…
In brief Solana meme coins as an asset class have dropped more than 8% on the day. Expert say that investors are looking to purchase “quality-focused” assets, such as Ethereum and other altcoins. ETH has posted impressive gains this month, up 47.5%, as institutional interest in the asset spikes. Solana meme coins are one of…
In brief Almost 8% of Ethereum’s total supply is now taken up by ETH ETFs and strategic reserves, up from 3% at the start of April. Ethereum ETFs account for over 5% of the circulating supply of ETH. Firms that missed the Bitcoin treasury moment are “jumping on Ethereum and other altcoins,” analysts told Decrypt.…
In brief Sharplink Gaming is raising an additional $400 million to fuel Ethereum purchases. The company has raised nearly $900 million for its corporate treasury over the past week. Ethereum treasury firms are on the rise and could soon hold 10% of all ETH in circulation, according to a Standard Chartered analyst. SharpLink Gaming is…
In brief Healthy beverage company Safety Shot Inc. is pivoting to become a crypto treasury firm, receiving $25 million in BONK on Monday. Pseudonymous core contributor Nom is set to join the Safety Shot team in a strategic position, and says it is targeting up to 5% of the meme coin’s total supply. At current…
