Everything web3, crypto, defi, degen
In brief The American Federation of Labor and Congress of Industrial Organizations warned Monday the Responsible Financial Innovation Act provides only “the facade of regulation” while weakening worker protections and consumer safeguards. The labor federation’s letter comes as Senate Republicans push for a floor vote in November. Union officials criticized provisions letting FDIC-insured banks directly…
In brief Market breadth has weakened as capital concentrates in high-liquidity, high-certainty assets like Bitcoin and Ethereum. Experts cite institutional ETF flows and a loss of patience with purely narrative-driven altcoins. Any future altcoin rally is expected to be highly selective, favoring tokens with real-world utility. Bitcoin and Ethereum continue to capture investor interest, while…
Institutional capital is increasingly steering the direction of the crypto market, executives from Bitwise Asset Management and Aspen Digital told Decrypt in separate interviews during the Token2049 conference in Singapore last week. Hong Kim, Chief Technology Officer and co-founder of Bitwise, said the investor base for Bitcoin has shifted from retail traders to long-term allocators. “The first…
In brief Bitcoin hit a new all-time high on Monday; gold broke records on Tuesday. BTC was down over 3% a day after setting its latest record, while other major cryptos were largely in the red. Analysts think both gold and Bitcoin still have room to increase. After setting record highs over the past two…
In brief Global crypto market cap hit an all-time high of $4.35 trillion on October 6, with Bitcoin surging past $126,000 and Ethereum crossing $4,500. Spot Bitcoin and Ethereum ETFs have attracted over $70 billion in inflows since January 2025, with last week alone seeing $4.5 billion in record flows. Technical indicators show mixed signals:…
In brief S&P Dow Jones Indices, a unit of market data provider S&P Global, is releasing a new index tracking 15 digital assets and 35 crypto-focused companies. Dinari, a provider of tokenized U.S. securities, will also issue a token tracking the index. Crypto-related equities have soared this year amid a market surge. S&P Dow Jones…
In brief Ethereum came within $200 of its all-time high Thursday, and could reach $5,000 driven by strong institutional demand and over $1.3 billion in ETF inflows last week. Analysts cite robust on-chain metrics, whale accumulation, and supportive macroeconomic conditions as key factors supporting the rally. The upcoming Fusaka upgrade expected in November promises major…
In brief U.S. spot Bitcoin ETFs recorded $1.19 billion in net inflows on October 6, the highest single-day total since July 10. BlackRock’s IBIT dominated with $970 million, becoming the asset manager’s most profitable ETF in barely 2 years since launch. Analysts say the surge points to institutional hedging during the U.S. government shutdown, but…
In brief KindlyMD is joining with crypto services provider Antalpha in a strategic partnership. As part of the agreement, KindlyMD’s Nakamoto subsidiary and Antalpha have signed a non-binding letter of intent for the Bitcoin treasury to issue $250 million in convertible debt to Antalpha. KindlyMD will use the convertible notes to expand its Bitcoin Holdings…
In brief BlackRock’s IBIT generates $244.5 million annually, more than any other BlackRock ETF including products launched 25 years ago. The Bitcoin ETF sits at $98.47 billion in assets, approaching the $100 billion milestone in just 435 days versus 2,011 days for Vanguard’s VOO. IBIT captured $1.8 billion of last week’s $3.2 billion in total…
