Everything web3, crypto, defi, degen
In brief Crypto exchange Bullish has received the green light to operate in New York by regulators. The BitLicense and Money Transmission License comes after the exchange had a roaring debut on the New York Stock Exchange in August. Bullish shares rose on the news. Shares of Peter Thiel-backed crypto exchange Bullish jumped 5% after…
In brief Two dormant Bitcoin whales have moved upwards of 2,000 BTC in the past three days. Despite whales’ selling activity, institutional demand remains strong, with ETF-driven accumulation spree exceeding new supply. Experts suggest watching out for the Fed Chair’s tone in today’s rate cut meeting at 2pm ET. Bitcoin whales inactive for more than a…
In brief Bitwise, Defiance, Tuttle, and T-Rex filed five new crypto ETFs, from Avalanche and Sui to memecoin Bonk and leveraged Orbs. Analysts say AVAX and tokenization funds have the strongest approval odds, while memecoin and basis-trade ETFs face “more scrutiny.” The filings add to a queue of over 90 crypto ETF applications infront of…
In brief Bitcoin ETPs saw a net inflow of 20,685 BTC last week, driven mostly by U.S. ETFs. The recent uptick in investor risk appetite is driven by rate cut expectations and new crypto IPOs. Despite institutional demand outpacing new Bitcoin supply, realized and implied volatility remain historically low. Bitcoin exchange-traded products globally logged net…
In brief Publicly traded firms are starting to stack up Solana in addition to Bitcoin and Ethereum. The top firms have already amassed more than $2.5 billion in SOL. The leader, Forward Industries, maintains a balance of nearly 7 million SOL on its own. Michael Saylor popularized the digital asset treasury when his firm Strategy…
In brief Bitcoin miner BitMine Immersion holds $10.7 billion on its balance sheet. The Nasdaq-listed firm said nearly $10 billion of that is in Ethereum. BitMine also holds Bitcoin and cash, the company said. Bitcoin miner BitMine Immersion has over $10.7 billion mostly in Ethereum on its balance sheet, the company announced on Monday. The Nasdaq-listed…
In brief U.S. spot Bitcoin ETFs pulled in around $2.3 billion from September 8 to 12. BlackRock’s IBIT and Fidelity’s FBTC captured the bulk of flows, with other issuers posting smaller gains. Observers said the surge reflects structural demand from institutions, with inflows expected to scale further. U.S. spot Bitcoin exchange-traded funds pulled in roughly…
DOGE is having its day (again), with Dogecoin putting up enormous gains on the week amid growing corporate and institutional interest in the O.G. meme coin.Dogecoin has surged by nearly 13% over the last day alone, topping the $0.30 mark on Saturday morning for the first time since the start of February. At a current…
In brief Galaxy Digital has purchased more than $700 million worth of Solana since Wednesday, on-chain data shows. The buys are likely tied to Galaxy’s backing of Forward Industries, poised to be the largest Solana treasury firm. Solana hit its highest price since January on Friday, topping $241 and rising 19% in the last week.…
In brief Ethereum rose above $4,600 on Friday, driven by institutional accumulation from treasury companies and ETF inflows. CryptoQuant reports a surge in staking activity, including one whale moving $645 million in ETH specifically to stake it. 73% of traders on prediction market Myriad now bet ETH will reach $5,000, up from 61% at the…
