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 XRP last week broke a new record of $3.65. It dropped 15% from that high. But XRP could still move higher as it’s a favorite with retail investors, one analyst told Decrypt. After a wild run, XRP has retreated, erasing its gains of last week. The coin was recently trading for $3.09, according to…
Institutional crypto firm Galaxy said Friday that it had sold more than 80,000 Bitcoin—over $9.3 billion worth at the current price—for a Satoshi-era investor.In a Friday statement, Galaxy said “it was one of the largest notional Bitcoin transactions in the history of crypto on behalf of a client.” The firm further described the sale as…
In brief BlackRock’s Ethereum ETF (ETHA) became the third-fastest ETF to reach $10 billion in assets, achieving the milestone in 251 days despite initial lukewarm reception compared to Bitcoin ETFs. MicroStrategy is raising up to $2.5 billion through a new preferred stock offering to buy more Bitcoin while facing class-action lawsuits over previous stock offering…
In brief Pump.fun’s PUMP token has crashed more than 60% since its launch, following a $600 million iCO. The meme coin launchpad’s co-founder has said there’s no airdrop coming any time soon, which only intensified the sell pressure. What do the charts say? It’s not looking good. The crypto market’s risk-on sentiment has done little…
In brief Nasdaq-listed Windtree Therapeutics has said it will buy up to $700 million in BNB. The company is following software firm Strategy’s gameplan of buying digital assets. A number of publicly traded companies are now buying crypto—and not just Bitcoin—to boost their stock prices. Another day, another crypto treasury. Biotech firm Windtree Therapeutics said…
In brief BlackRock’s former head of digital assets strategy, Joseph Chalom, is joining SharpLink Gaming as co-CEO. Chalom helped launch BlackRock’s Bitcoin and Ethereum ETFs. Shares of SBET have dropped over 6% on the day. A former digital assets executive at BlackRock, Joseph Chalom, has joined publicly traded Ethereum treasury company SharpLink Gaming as co-CEO,…
In brief Strategy is upsizing its STRC preferred stock offering to nearly $2.5 billion. STRC will offer a variable monthly dividend, starting at 9%. The firm intends to use the net proceeds from the sale to add to its $70 billion Bitcoin stash. Michael Saylor’s Bitcoin treasury firm Strategy is boosting its preferred stock offering…
In brief Analysts noted Galaxy Digital and other large Bitcoin holders moved $3.7 billion worth of BTC to exchanges Friday morning, with 26,100 BTC sold at a loss by short-term holders. Bitcoin dropped 1.8% to $116,365 amid mounting selling pressure, while trading volume surged 37% to $131.6 billion in 24 hours. Over $531 million in…
In brief Only BlackRock and Fidelity’s spot Bitcoin funds needed less time to reach $10 billion in assets. ETHA has added $5 billion over a 10-day period ending Wednesday. The surge in ETH ETF inflows has been closely intertwined with a dramatic surge in Ethereum’s price. BlackRock’s iShares Ethereum Trust (ETHA) has topped $10 billion…
