Everything web3, crypto, defi, degen
In brief Canaan closed up about 28% on Monday afternoon. Bitcoin miner CleanSpark became the latest firm to move into the world of AI data centers. CleanSpark’s stock rose 4.5% on the news that it was moving resources from minting Bitcoins to high-performance computing. Bitcoin mining company stocks rocketed up Monday as Bitcoin and other…
In brief A major outage at Amazon Web Services continued to disrupt key crypto platforms on Monday afternoon, including Coinbase, Base, and OpenSea, with issues hitting East Coast users especially hard. The downtime even impacted decentralized apps like MetaMask, which use third-party, AWS-dependent services to fetch blockchain data for users. While the disruptions highlighted crypto’s…
In brief Evernorth is a new publicly traded digital asset treasury focused on accumulating the Ripple-linked asset, XRP. The firm’s treasury will be built with more than $1 billion in net proceeds, with contributions from Ripple and notable crypto firms. Ripple executives, including CEO Brad Garlinghouse, will act as strategic advisors to the firm. Ripple…
In brief Crypto prices plunged last week. Bitcoin miner BitMine Immersion saw this as a buying opportunity and bought over 200,000 ETH. The NYSE-listed firm now holds over $13 billion in crypto. Ethereum treasury BitMine Immersion bought the dip, snapping up 203,826 ETH last week to bring its current holdings to over 3.2 million digital…
In brief Bitcoin funds experienced $946 million in outflows last week following the October 10 market crash triggered by President Trump’s tariff threats, with losses concentrated in U.S.-listed products. While U.S. investors pulled money out, European and Canadian investors bought the dip, with Germany, Switzerland, and Canada recording net inflows during the downturn. Altcoins saw…
In brief Elon Musk jokingly posted on X that his Shiba Inu dog Floki is returning as the CEO of X, formerly Twitter. It prompted a 27% price increase for Ethereum meme coin Floki, which was recently at a $829 million market cap. Traders are hoping that Musk will continue to post about Floki, as…
In brief BlackRock’s iShares Bitcoin ETP is now available to UK retail investors on the London Stock Exchange, backed by bitcoin held through Coinbase custody. BlackRock’s U.S. Bitcoin ETF became the firm’s most profitable fund in just 21 months, though it fell short of the $100 billion milestone amid last week’s market crash. BlackRock CEO…
In brief Bittensor and Zcash have risen by 10% as Bitcoin rebounds following weekend trading. BNB has taken a backseat as traders book profits and rotate to high-beta altcoins with renewed momentum. Experts remain optimistic but note that the continuation of a bullish outlook is contingent on cooling macro fears. Bitcoin’s weekend rebound has set…
In brief Bitcoin stabilized above $105,000 over the weekend, triggering a push toward $109,400. Experts say Bitcoin could be forming a local bottom amid softening U.S.-China trade tensions, but remain cautious. The end of quantitative tightening and potential rate cuts create a bullish setup for Bitcoin heading into 2026. Bitcoin is showing signs of stabilization…
By Arjun Sethi, Kraken co-CEO The illusion of liquidity It happened in September 2019 when overnight repo rates spiked to 10%. It happened in March 2020 when Treasury markets seized and the world’s benchmark “risk free” asset had no bid. It happened again in March 2023 when regional banks failed and the Fed had to…
