Everything web3, crypto, defi, degen
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…
In brief Liquidations topped $1.1 billion, most of the them long positions. Bitcoin was down 3.6% over the past 24 hours and nearly 7% for the week. Glassnode said that crypto markets were showing “signs of exhaustion.” Major digital coins including Bitcoin, Ethereum, and Dogecoin plunged on Thursday, with liquidations over a 24-hour period topping…
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 price of Ethereum has dropped 10% in the past month and is currently just above $4,000. Macroeconomic uncertainty has slowed demand from institutions, resulting in reduced institutional accumulation via daily ETF net flows and DAT-driven purchases. Experts suggest the realized price of accumulating Ethereum addresses around $3,000 is a pivotal support. Investor…
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 FalconX executed the first forward rate agreements benchmarked to the Treehouse Ethereum Staking Rate. The products allow institutions to manage exposure to volatile staking yields, though they aren’t available to U.S. clients. The launch follows record demand for Ethereum staking, with validator queues hitting two-year highs. San Mateo, California-headquartered FalconX said Thursday it…
In brief The Asia-Pacific region—led by India, Pakistan, and Vietnam—had the biggest increase in crypto transaction volume, a new Chainalysis report shows. Volume in the region shot up from $1.4 trillion to $2.36 trillion. Latin America wasn’t far behind in adoption. The Asia-Pacific is the fastest growing region for crypto adoption, research released Wednesday by…
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 The number of crypto millionaires, centi-millionaires, and billionaires are all up in the last year as asset prices have risen. Bitcoin’s rise played a big role, with Bitcoin millionaires jumping 70% as the asset made a new all-time high above $124,000. The count of Bitcoin centi-millionaires and billionaires also rose at least 55%…
