Everything web3, crypto, defi, degen
In brief Citi has given Strategy a “buy” rating and a price target of $485. But the bank warned that the stock could dip with the price of Bitcoin. Strategy closed Tuesday trading at nearly $302 per share. Citi has given Strategy stock a “buy” rating and a price target of $485, citing the investment…
In brief Gold retreated from a record high of $4,395 per ounce on Tuesday. Bitcoin and Ethereum were trading around $112,000 and $4,000, respectively. Analysts cited strong earnings and easing geopolitical concerns as factors. Bitcoin and Ethereum rose on Tuesday as gold’s price headed toward its biggest daily drop in over a decade, indicating renewed…
In brief Ethereum treasury SharpLink Gaming had not bought ETH for over a month. The Nasdaq-listed company added 19,271 ETH to its balance sheet last week, when the price of the asset dropped. SharpLink Gaming now holds 859,853 ETH, now worth over $3.5 billion. Ethereum treasury firm SharpLink Gaming announced Tuesday that it added nearly…
In brief Ethereum was up slightly, even after ETFs lost $145 million on Monday. The delayed U.S. CPI report, now set for October 24 due to the ongoing government shutdown, has become a key risk trigger. Bitcoin ETFs have rebounded faster than Ethereum funds, with institutions showing stronger confidence in BTC as its dominance remains…
In brief Galaxy Digital disclosed $505 million in Q3 profits. Assets on Galaxy’s platform reached a record $17 billion. The firm recently unveiled a Coinbase and Robinhood competitor. Galaxy Digital shares jumped on Tuesday after the institutional crypto firm reported $505 million in third-quarter profits amid an increasing amount of assets on its platform.The New…
In brief Coinbase acquired Echo, an onchain fundraising platform founded by crypto figure Cobie, for approximately $375 million. The acquisition brings Echo’s private investment tools and public token sale product Sonar into Coinbase’s ecosystem, having facilitated over $200 million across roughly 300 deals since launch. The deal complements Coinbase’s July purchase of token management platform…
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack.GM!Today’s top news: Crypto majors are red overnight; BTC -2% at $108,500 Coinbase buys Cobie’s Echo + Up Only NFT for $375M Coinbase urges US…
In brief Australian crypto traders are diversifying their portfolios beyond Bitcoin, anonymized Kraken wallet data reveals. Ethereum makes up 33% of Australian wallets, nearly double the global average of 19%, while Solana and meme coins appear more often in Australian portfolios. Kraken’s Jonathon Miller says Australia’s “speculative streak” reflects culture as much as strategy. Australians…
Bitcoin and the broader financial markets are bracing for the first inflation data release after the U.S. government shut down on October 1, with analysts pricing in a measured market reaction. The Consumer Price Index reading, scheduled for release on Friday, will play a pivotal role in shaping the Federal Reserve’s interest rate decision next week.The…
In brief Solana Company (HSDT) opened resale for investors following a $500 million raise led by Pantera Capital and Summer Capital Shares fell more than 20% Monday after the resale registration took effect, expanding the tradable float. Leadership says proceeding now, rather than waiting for calmer markets, demonstrates conviction and transparency in its Solana-based treasury…
