Everything web3, crypto, defi, degen
In brief Investors put over $1 billion into Ethereum ETFs on Monday, breaking the single-day record. The surging investment shows that people finally understand the cryptocurrency, Bloomberg analyst Eric Balchunas told Decrypt. Ethereum’s price is now close to breaking a new all-time high, topping $4,500 on Tuesday for the first time since 2021. Investors threw…
Ethereum’s momentous surge continued Tuesday afternoon, with the price of the second-largest cryptocurrency by market cap topping $4,500 for the first time since 2021.ETH has surged by 26% over the last week alone, pushing its 30-day gain to over 50%. Compare that to Bitcoin, which is up about 6% on the week and roughly flat…
In brief Bitcoin’s weekend rally stalled Monday as traders booked profits. Experts suggest a potential drawdown if Tuesday’s U.S. CPI print comes in hotter than expected. Bitcoin options data shows traders are hedging for downside risk with puts. Bitcoin’s surprise weekend rally hit a wall Monday with a move that undid more than half of…
In brief Sharplink Gaming is raising an additional $400 million to fuel Ethereum purchases. The company has raised nearly $900 million for its corporate treasury over the past week. Ethereum treasury firms are on the rise and could soon hold 10% of all ETH in circulation, according to a Standard Chartered analyst. SharpLink Gaming is…
In brief BitMine’s Ethereum holdings are worth nearly $5 billion The firm owns roughly 1% of Ethereum’s circulating supply BitMine teased U.S.-made validator network in a shareholder presentation. BitMine Immersion Technologies’ Ethereum holdings were valued at nearly $5 billion on Monday, as the treasury firm said that it now owns 1% of the asset’s circulating…
In brief Harvard University and Brown both have Bitcoin exposure. Regulatory filings show that the top universities bought positions via BlackRock’s iShares Bitcoin Trust. A number of top institutions have done the same thing since the historic approval of Bitcoin ETFs. Top universities Harvard and Brown are the latest institutions to buy exposure to Bitcoin,…
In brief Bitcoin’s dominance fell to 57.8% of the crypto market. XRP and Dogecoin led gains among altcoins. Altcoin season could happen, but it probably won’t hit the same way, according to Hashdex’s Gerry O’Shea. XRP and Dogecoin led altcoins higher on Friday as Bitcoin’s dominance fell to a 12-day low.The Ripple-linked token was recently…
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack.GM!Today’s top news: Crypto majors jump on 401(k) news; ETH passes $3,900 SEC and Ripple drop legal battle for good; XRP jumps 7%…
In brief The order will stop banks from denying services to crypto companies. The order said “the digital assets industry has been unfairly targeted.” Decrypt first reported in March on plans for the order. U.S. President Donald Trump on Thursday signed an executive order that would prohibit debanking of crypto-related initiatives, continuing his administration’s onslaught…
In brief Predictors on Myriad are leaning bullish on Bitcoin, believing it will hit $125K before it dips to $105K. A new market asks whether or not SharpLink Gaming will reach its 1 million ETH milestone before September 16, though predictors are skeptical. Vitalik Buterin has been vocal about the Ethereum layer-2 roadmap and predictors…
