Everything web3, crypto, defi, degen
In brief Spot Ethereum ETFs generated over $1.8 billion in investments this week. The nine funds outpaced their Bitcoin counterparts, which added just $70 million. Interest in Ethereum has risen with the passage of a stablecoin bill and rise of Ethereum treasury companies. For a week, at least, spot Ethereum exchange-traded funds outpaced their Bitcoin…
In brief After pulling in $2.5 billion over the first 10 months since launch, Ethereum ETFs have attracted $5 billion since mid-May alone, signaling accelerating institutional demand. Analysts note that price momentum is lagging behind institutional inflows. While the long-term outlook remains bullish due to institutional adoption, one analyst is positioning for a potential short-term…
In brief BNY Mellon and Goldman Sachs are working together on a tokenized money market fund (MMF) product. The product will allow fund managers to subscribe to MMF shares that earn a tokenized representative. The goal is to unlock utility and transferability of MMF shares. Publicly traded financial giants BNY Mellon Corporation and Goldman Sachs…
In brief Denver pastor Eli Regalado and his wife Kaitlyn face 40 felony charges for allegedly defrauding Christian investors of $3.4 million through the INDXcoin crypto between January 2022 and July 2023. The couple are accused of pocketing at least $1.3 million for personal expenses, including luxury vacations, cosmetic dentistry, and home renovations they claimed…
In brief BitMine Immersion shares have soared about 800% over the past month. The firm, which previously focused on Bitcoin mining, added $500 million of Ethereum last week. Investment management giant ARK Invest purchased more than 4.7 million shares of the BMNR on Monday. BitMine Immersion shares were up slightly in Tuesday trading, a day…
In brief JPMorgan is reportedly exploring crypto-backed loans secured by Bitcoin and Ethereum. The move follows growing institutional interest and regulatory clarity, including the recent passage of the GENIUS Act. Experts say Basel III rules remain a hurdle, but JPMorgan’s plans may signal progress toward treating crypto as acceptable collateral in TradFi. JPMorgan Chase is…
In brief Barstool Sports founder Dave Portnoy said he sold his XRP holdings before the recent price surge. The outspoken trader blamed an unnamed analyst who suggested XRP faced some kind of threat from the rise of Circle. XRP hit a new all-time high price last week, breaking a seven-year-old record. It remains close to…
In brief Three states have passed laws enabling Bitcoin reserves to date. Several efforts in other states have failed over concerns about volatility and public fund safety. Proposals are still pending in 17 more states as crypto advocates push for wider adoption. As random companies snap up Bitcoin and Donald Trump hails the creation of…
In brief Bitcoin could hit $150,000 as soon as early October, according to a Cooper Research report. Analysts say the Bitcoin markets could begin to overheat between the $140K and $200K range. Strong inflows to spot Bitcoin ETFs stand to fuel the asset’s next rally, the firm said. Bitcoin could surge to a price of…
In brief Pat McFadden, Labour MP and ally of Keir Starmer, said that the UK should consider banning crypto political donations. It came two months after Reform UK announced it would accept crypto donations, the first to do so in the nation. Ian Taylor, board advisor for digital asset advocacy group Crypto UK, said McFadden’s…
