Everything web3, crypto, defi, degen
In brief The crypto market is poised to close in the green for September as Bitcoin rallies above $114k. Altcoins like ADA and DOGE, though, aren’t faring nearly as well. Technical indicators and prediction market data diverge on the near and long-term market view. The crypto market is nursing another day of modest losses—but they’re…
In brief Turkey is reportedly drafting legislation to grant its financial intelligence unit Masak expanded powers to freeze bank and crypto accounts linked to suspected criminal activity. The bill would allegedly allow the watchdog to shut down accounts, limit transactions, and blacklist crypto wallet addresses across banks, payment firms, and exchanges. Experts warned the measures…
In brief The integration aims to streamline swaps–crypto-to-crypto trades that bypass centralized platforms–and other DeFi processes within Porto’s dashboard. In an announcement,Anchorage noted the “delicate balance” for institutions interconnecting with DeFi to manage dapps. In July, Jupiter announced the introduction of a new lending product. Anchorage Digital said on Tuesday it will add Solana swap…
In brief The SEC’s adoption of generic listing standards has made the 19b-4 review clock irrelevant, shifting the approval process to S-1 registrations. Bloomberg analyst Eric Balchunas said Solana’s S-1 just filed its fourth amendment, signaling that approval could come soon. A Solana ETF could trigger speculative buying but may also face a “sell the…
In brief An old address holding 400 Bitcoin worth over $44 million has moved their “digital gold.” The coins had sat in the digital wallet since November 2013. Bitcoin is up 16,000% since then. A growing number of “Satoshi-era” investors have moved their Bitcoin in recent months with BTC steadily above $100K. Another long-term Bitcoin…
In brief The crypto market is back in the green for the month, reclaiming a $3.9 trillion market cap. Bitcoin is up 3.5%, rising above $114K. Solana has climbed 2.2%, holding at a $113 billion market cap. Where to from here? Technical indicators and prediction markets differ in their optimism. After a bruising week that…
In brief Top alcoins have risen 3–4% in the past 24 hours, partially reversing last week’s sell-off. About $345 million in crypto liquidations were recorded, mostly from short positions. One analsyt expects near-term consolidation before capital rotation into select altcoin segments in Q4. A weekend surge in crypto has partially erased last week’s losses as…
In brief U.S. spot Bitcoin ETFs saw $902.5 million in outflows last week, ending a four-week streak of inflows. Fidelity’s FBTC lost $300.4 million Friday, followed by $37.3 million from BlackRock’s IBIT. One expert cited profit-taking and portfolio rebalancing, though long-term institutional adoption remains intact. U.S. spot Bitcoin exchange-traded funds turned red last week, ending…
In brief Cipher Mining on Friday announced it had upped the price of its convertible debt offering. The Nasdaq-listed Bitcoin miner revealed a $3 billion AI hosting deal on Thursday, backstopped by Google. Bitcoin miners are increasingly delving into the world of AI computing, as both require immense computing power. Bitcoin miner Cipher Mining on…
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…
