Everything web3, crypto, defi, degen
In brief Bitcoin hit a new all-time high last week, before plunging following President Trump’s tariff announcements. It has recovered slightly, while gold has already jumped to a new high this week. Bitcoin and gold will continue to be bought by traders to hedge against currency debasement, experts told Decrypt. Bitcoin had been on a…
In brief Bitcoin gained against Ethereum as Trump’s latest tariff threat weighed on markets. Despite recently losing ground, Ethereum is still outperforming Bitcoin this year. Some analysts foresee an altcoin rally, while others are doubtful. Ethereum surged against Bitcoin on its way toward a peak of nearly $5,000 this summer, but the reigning cryptocurrency reasserted…
In brief Binance unveiled the “Together Initiative,” setting aside another $400 million to reimburse users affected by recent crypto liquidations. Other partners in the BNB ecosystem have added another $328 million to help affected traders of meme coins and more on BNB Chain. BNB hit a new all-time high on Monday, but is down around…
In brief Tesla CEO Elon Musk praised Bitcoin’s energy-based foundation on Tuesday, suggesting its value comes from the impossibility of faking energy, unlike fiat currency which governments can debase. This marks a shift from 2021 when Musk criticized Bitcoin’s electricity consumption as “insane,” and Tesla stopped accepting BTC payments over environmental concerns. Tesla currently holds…
In brief BlackRock CEO Larry Fink said the firm is working on its own tokenization tech. Everything from ETFs to real estate could be tokenized, he said. Tokenized ETFs could help people prepare for retirement, he added. The world’s largest asset manager is developing its own technology related to digital representations of traditional assets, BlackRock…
In brief Ethereum ETFs recorded $428.5 million in outflows on October 13, the largest single-day exodus in five weeks, with BlackRock’s ETHA leading at $310.1 million. The retreat follows a prior week that saw $488 million in net ETH ETF inflows, part of a broader $3.17 billion surge into crypto products. Experts attribute the defensive…
In brief Canaan teamed with Calgary-based Aurora AZ Energy to test distributed gas-powered systems. The company says the setup could cut 14,000 tons of carbon emissions annually. Trading volume more than doubled Monday, marking one of Canaan’s busiest sessions this year. Bitcoin mining hardware manufacturer Canaan Inc. (NASDAQ:CAN) stock jumped over 40% Monday, closing at…
In brief Bitcoin dropped from $121,000 to $106,000 on Friday after Trump announced 100% tariffs on China, triggering $19 billion in liquidations within 24 hours. The crash hit leveraged traders on centralized exchanges hardest, with 1.6 million positions liquidated as the timing—after market close—left crypto as the only outlet for investor reaction. Leverage amplifies both…
In brief Nigel Farage called Monday for the British financial watchdog to better regulate crypto. Farage in May said that he would establish a Bitcoin reserve—like Trump did in the U.S.—if elected prime minister. The Brexit mastermind has long spoken about the benefits of using digital assets. Reform UK leader Nigel Farage said Monday that…
In brief Larry Fink said he had to “relook at [his] assumptions” about Bitcoin. BlackRock now manages several crypto-linked ETFs amid growing investor interest. Some firms, including Hargreaves Lansdown, remain wary despite offering crypto products. BlackRock CEO Larry Fink has once again reiterated cautious approval of crypto investments and walked back previous comments he made…
