Everything web3, crypto, defi, degen
In brief Bitcoin’s open interest nears $40B as traders price in a likely Fed rate cut. Users of prediction market Myriad hint at a 92.6% chance of a quarter-point cut this week. Experts warn that leverage-driven volatility is a risk, despite a bullish outlook. Bitcoin traders are building leveraged positions across the crypto derivatives market…
In brief Crypto exchange Gate is adopting an “All in Web3” strategy to position itself as a “full Web3 operating system,” CEO Dr. Han told Decrypt. The platform has launched a suite of products designed to form a “cohesive, secure, and high-performance Web3 stack.” Gate has added a Perp DEX, tokenized stocks, on-chain token launchpad…
In brief Four altcoin-tracking ETFs are set to begin trading in the U.S. this week. Canary Capital’s Litecoin and Hedera funds will be listed, alongside Bitwise and Grayscale Solana funds. The debuts follow successful Bitcoin and Ethereum spot ETF rollouts in 2024. Four exchange-traded funds tracking separately Solana (SOL), Litecoin (LTC), and Hedera (HBAR) will…
In brief Shares of ETHZilla (ETHZ) jumped 14% on Monday after Beyond Meat investor and influencer Dimitri “Capybara Stocks” Semenikhin got behind the firm. Semenikhin claims to have purchased more than 2% of shares due to the steep discount between its trading market cap and the net value of assets. The company said Monday that…
In brief American Bitcoin has acquired 1,414 Bitcoin, the company said Monday. Bitcoin was trading above $115,500, its highest level in two weeks. More than 200 companies have built Bitcoin treasuries. American Bitcoin (ABTC), the publicly traded Bitcoin treasury and mining company backed by Eric Trump and Donald Trump Jr., has added 1,414 Bitcoin currently…
In brief Digital asset products attracted $921 million in inflows last week, according to CoinShares. U.S. and German markets led gains, while Switzerland saw outflows linked to asset transfers. Bitcoin captured nearly all inflows as Ethereum and altcoins cooled. Digital asset investment products saw inflows of $921 million last week, according to CoinShares, as optimism…
In brief Bitcoin has recovered to near $115,000 following initial panic over Trump’s threatened 100% tariffs on China. Standard Chartered’s Geoff Kendrick notes that $2 billion exited gold ETFs last week, and suggests Bitcoin ETFs need to capture about half of that amount to confirm improving market sentiment. Despite recent gains, gold continues to significantly…
In brief Zcash has drawn renewed speculative attention ahead of its November halving, with traders positioning around the privacy coin narrative. Endorsements from prominent investors and revived privacy debates have fueled market activity despite limited on-chain growth, Decrypt was told. The rally’s sustainability hinges on post-halving sentiment and whether user adoption can extend beyond short-term…
In brief The company has acquired 93 BTC as part of its daily accumulation program. It aims to build a 10,000-Bitcoin treasury using $40 million in fresh funding and a rebrand. Bitcoin has been rising steadily over the past week, buoyed by softer U.S. inflation data and ETF inflows. South Korea’s publicly listed Bitplanet has…
In brief Ethereum trades at $3,892 but faces massive market cap resistance. Gold’s nine-week rally just suffered its biggest drop in over a decade. Myriad prediction market odds favor ETH over gold. But it’s not an easy call. Here’s why. The race is on, and $5,000 is the finish line. But which asset gets there…
