Everything web3, crypto, defi, degen
In brief Bitcoin was trading at $111,336, down 1.8% daily and 5.4% weekly, as investors awaited tomorrow’s PCE inflation data release. Of prediction market users, 61% expect BTC to drop to $105,000 before reaching new highs, with selling pressure between $115,000-$119,000. Fed rate cut odds stand at 83.4% for next month’s meeting, but higher inflation…
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 Bitcoin futures open interest dropped $1.25 billion to $80.8 billion over recent days, which analysts view as a healthy market reset that purged excessive leverage rather than a bearish warning. The drawdown is considered a temporary cooldown following volatility peaks and large liquidations, with Bitcoin maintaining key support around $112,000. Future market direction…
In brief Bitcoin and Ethereum ETFs recorded combined outflows of $439.1 million on Monday, with Bitcoin funds losing $363.1 million and Ethereum products shedding $76 million. The market saw $376.20 million in crypto liquidations in the last 24 hours. Analysts view the outflows as profit-taking and de-leveraging, with Friday’s PCE report seen as pivotal for…
The crypto landscape is evolving faster than ever before, drawing in a new wave of mainstream investors. We’re here to simplify that journey, making crypto investing smarter, more accessible and easier for everyone. That’s why we’re excited to launch Bundles – an innovative new feature in the Kraken platform that lets you buy diversified portfolios…
In brief The crypto market retreated sharply Monday morning, with the total market cap dropping to $3.98 trillion. More than 390,000 traders were liquidated, with longs making up the bulk of the $1.68 billion in losses. Dogecoin dropped by 10%, leading losses among the top 10, while Bitcoin held relatively firm in comparison to altcoins…
In brief A 12-foot gold statue of Trump holding a Bitcoin was unveiled outside the U.S. Capitol on the day the Fed cut interest rates by a quarter-point. Funded by a group of meme coin creators, the installation is meant to provoke a conversation about government currency and digital financial innovation. Reactions are split: supporters…
In brief Bitcoin traders may need up to a week to fully process the Federal Reserve’s first rate cut in nine months, with $120K now “within sight” according to Bitbank’s analysis. 92% of CME FedWatch traders anticipate another 25-basis point Fed cut in October, while 72% of Myriad prediction market users expect the same outcome.…
In brief A new paper argues that BTC-settled prediction markets could beat stablecoin-powered platforms by preserving Bitcoin exposure. It explores three liquidity bootstrapping methods and their risk profiles, favoring cross-market making. However, the author warns that volatility, hedging costs, and user risk perception remain major hurdles to adoption. Imagine placing a bet on whether a…
In brief Crypto markets have posted broad gains following the Federal Reserve’s quarter-point rate cut. Hyperliquid’s USDH stablecoin has been “attracting liquidity across the board from many institutions,” according to an analyst. The momentum now hinges on project-specific catalysts, with altcoins more exposed to volatility than Bitcoin, experts told Decrypt. Avalanche (AVAX) and Hyperliquid (HYPE)…
