Everything web3, crypto, defi, degen
In brief Strategy last week spent $45.6 million on 397 Bitcoins, one of its smaller buys. It now holds 641,205 digital coins worth $69.1 billion. The Bitcoin treasury’s stock was down slightly on the news. Bitcoin treasury Strategy added 397 digital coins for around $45.6 million—an average price of $114,771 per coin—in one of its…
In brief The CME FedWatch Tool, which uses futures trading data to infer trader sentiment, predicted a near-certain rate cut. The Conference Board’s Expectations Index, a measure of economic sentiment, remained below the threshold that typically signals a coming recession. Bitcoin has lingered well below the all-time high it set earlier this month. The U.S.…
In brief The Federal Reserve is almost certain to cut interest rates Wednesday, with traders predicting a 97.8% chance of a 25-basis point cut, though the impact on crypto markets remains uncertain. Analysts say ending quantitative tightening could create a “tailwind” for Bitcoin by signaling higher inflation tolerance, with Bank of America and JP Morgan…
In brief Bitcoin’s open interest nears $40B as traders price in a likely Fed rate cut. Users of prediction market Myriad hint at a 92.6% chance of a quarter-point cut this week. Experts warn that leverage-driven volatility is a risk, despite a bullish outlook. Bitcoin traders are building leveraged positions across the crypto derivatives market…
In brief The company has acquired 93 BTC as part of its daily accumulation program. It aims to build a 10,000-Bitcoin treasury using $40 million in fresh funding and a rebrand. Bitcoin has been rising steadily over the past week, buoyed by softer U.S. inflation data and ETF inflows. South Korea’s publicly listed Bitplanet has…
In brief A record $31 billion in Bitcoin options are set to expire on Halloween, surpassing last month’s $18 billion despite October’s flash crash that wiped out $19 billion in leveraged positions. Open interest at Deribit has reached an all-time high of $50.27 billion, with significant put contracts at $100,000 and call contracts at $120,000…
In brief Consumer prices rose 3% in the 12 months through September. Friday’s CPI report was delayed by an ongoing government shutdown. The Federal Reserve is expected to cut interest rates next week. Bitcoin and other cryptocurrencies rose on Friday after a widely watched inflation gauge showed consumer prices rose at a slightly slower-than-expected pace in…
In brief Over the past week, investors been pulling money out of Bitcoin and Ethereum ETFs. But on Tuesday, they reversed course, putting a combined $618.9 million into the funds. Experts told Decrypt that crypto markets path forward remains uncertain. Investors piled back into Bitcoin ETFs and their Ethereum counterparts Tuesday, reversing days of outflows,…
In brief Bitcoin’s price is weathering a “fear-drive selloff,” according to Standard Chartered’s Geoff Kendrick. It could fall below $100,000, but that may be the last time, he wrote. After surging to new all-time highs, gold showed weakness on Tuesday. As investors react to developments between the U.S. and China over tariffs and trade, Bitcoin’s…
In brief Citi has given Strategy a “buy” rating and a price target of $485. But the bank warned that the stock could dip with the price of Bitcoin. Strategy closed Tuesday trading at nearly $302 per share. Citi has given Strategy stock a “buy” rating and a price target of $485, citing the investment…
