Everything web3, crypto, defi, degen
In brief BitMine Immersion Technologies added $980 million worth of ETH last week, pushing its tally to nearly $11 billion worth. BMNR stock is up more than 6% on the day, rising following the announcement. Tom Lee’s company holds the largest Ethereum treasury of any publicly traded firm, outpacing SharpLink Gaming. BitMine Immersion Technologies stock…
In brief Hyperliquid surges 9.26% to $44.11 as the only top 10 crypto in green while the rest of the market tanks 1.8%. BNB drops 0.14% to $947.55, as the worst performer in top 10 after the Aster-driven spike fades. The Crypto Fear and Greed Index marks the most bearish reading since April. Here’s what…
In brief The crypto market is now deep in the red for September, shedding close to 5% in total value in 24 hours. Bitcoin is holding onto a slim 1% gain for the month, staying in the green for now. Technical indicators suggest market exhaustion, but prediction markets remain somewhat optimistic. Brace yourselves, the Red…
In brief BOS has launched Grail Pro, a custody-grade protocol designed to put dormant institutional Bitcoin to work. Grail Pro mints programmable tokens, allowing custodians to deploy BTC for yield while retaining control. A pilot minted 100 zkBTC, showing how idle assets could move into lending, trading, and DeFi. Smart contract operating system BOS (BitcoinOS)…
In brief The U.S. dollar is firming, triggering a retracement in equities and gold. Experts remain split about the Fed’s measured dovish stance, but remain bullish on Bitcoin heading into the fourth quarter. A softer August Core PCE print could end Bitcoin’s September slump and set the stage for a bullish fourth quarter. Bitcoin is…
In brief Acting CFTC Chairman Caroline Pham has unveiled an initiative to integrate tokenized collateral, including stablecoins, into U.S. derivatives markets. The move comes as Congress considers legislation that could shift more crypto oversight from the SEC to the CFTC. Industry leaders from Ripple, Circle and Crypto.com backed the effort as improving efficiency, trust and…
In brief Bitcoin has dropped 5% since last Thursday, while gold has surged nearly 5% to record highs. The growing divergence could be linked to institutional investors’ preference for gold as a safe-haven asset amid macroeconomic uncertainty, Decrypt was told. If history repeats, the top crypto is likely to outperform the precious metal as the…
In brief Tether is seeking to raise up to $20 billion, according to a report. The private raise could give the stablecoin issuer a valuation of $500 billion. AI giant OpenAI and Elon Musk’s SpaceX have received similar valuations. Stablecoin giant Tether Holdings is hoping to raise up to $20 billion in a private placement…
In brief The crypto market continues to struggle today, extending yesterday’s losses. Bitcoin has dropped below $112,000, with the market flashing bearish signals. Meanwhile, there’s one coin in the top 10 currently defying trends and turning heads: BNB. The crypto market, including Bitcoin, is today still dealing with the effects of yesterday’s massive liquidation cascade,…
In brief Implied volatility remains low despite Bitcoin’s dip following a wipe out $1.65 billion in long positions across the crypto markets. Put-buying activity shows options traders are expecting further downside this month. Long-term positioning over the next three to six months remains bullish. Bitcoin extended weekend losses on Monday, triggering one of the largest…
