Everything web3, crypto, defi, degen
In brief Global crypto market cap hit an all-time high of $4.35 trillion on October 6, with Bitcoin surging past $126,000 and Ethereum crossing $4,500. Spot Bitcoin and Ethereum ETFs have attracted over $70 billion in inflows since January 2025, with last week alone seeing $4.5 billion in record flows. Technical indicators show mixed signals:…
In brief Publicly traded firm CEA Industries said Tuesday that it now holds 480,000 BNB, valued above $600 million. The price of BNB has surged 27% in the last week alone, hitting a new high of $1,330 on Tuesday. Shares of CEA Industries, which trades as BNC on the Nasdaq, rose 8% following the announcement.…
In brief Ethereum came within $200 of its all-time high Thursday, and could reach $5,000 driven by strong institutional demand and over $1.3 billion in ETF inflows last week. Analysts cite robust on-chain metrics, whale accumulation, and supportive macroeconomic conditions as key factors supporting the rally. The upcoming Fusaka upgrade expected in November promises major…
In brief U.S. spot Bitcoin ETFs recorded $1.19 billion in net inflows on October 6, the highest single-day total since July 10. BlackRock’s IBIT dominated with $970 million, becoming the asset manager’s most profitable ETF in barely 2 years since launch. Analysts say the surge points to institutional hedging during the U.S. government shutdown, but…
In brief BNB leads the top 10 coins by market cap with 85.6% YTD gains, far outpacing Ethereum and Bitcoin. The rally has been fueled by interest in the Aster DEX, surging on-chain activity, and institutional interest. Experts have queried whether the rally is sustainable, pointing to overbought technical indicators. While Bitcoin and Ethereum have grabbed…
In brief Polymarket received a $2 billion investment from Intercontinental Exchange, owner of the New York Stock Exchange. The deal gave Polymarket a post-deal valuation of $9 billion, the prediction market startup said. Polymarket has inked several high-profile deals this year. Polymarket CEO Shayne Coplan said on Tuesday that the prediction-market platform will receive up…
In brief VanEck projects a $644,000 price if Bitcoin matches half of gold’s value. Bitcoin’s market cap stands at $2.48 trillion, up 12% in the past month. Analysts caution the target may take five to ten years amid slower, steadier growth. Bitcoin is poised to capture half of gold’s market capitalization, according to investment firm…
In brief EY’s Paul Brody said privacy has become a baseline requirement for institutional adoption. Tether co-founder Reeve Collins described a new stablecoin model built on transparency and user participation. dYdX’s Charles d’Haussy said institutional money entering crypto today is more disciplined and analytical than in past cycles. Crypto is entering a steadier phase, shaped…
In brief Grayscale has added staking functionality to its two spot Ethereum ETFs in the United States. It also added staking to its Solana Trust, which has yet to be approved for an ETF conversion. Investors will be able to earn ETH staking rewards from the exchange-traded products. U.S. investors in exchange-traded funds tracking Ethereum’s…
In brief Bitcoin’s dominance hit 59% as its price surged to a new all-time high above $125,500. Experts say a true altcoin season is delayed, not cancelled, awaiting a BTC consolidation. A drop in Bitcoin dominance below 55% could trigger the next rotation into altcoins. Bitcoin cemented its dominance over the crypto market this weekend,…
