Everything web3, crypto, defi, degen
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…
In brief House of Doge, the business arm of the Dogecoin Foundation, is now trading on the Nasdaq after merging with Brag House Holdings (TBH). Backed by Elon Musk’s lawyer Alex Spiro, the company aims to use new capital to expand Dogecoin’s role in global payments and expand its reach into sports and other sectors.…
In brief TAO, MNT, WLF, ASTER, DOGE and BNB are among the altcoins leading the post-crash recovery, with gains of up to 30%. Analysts told Decrypt that their utility, liquidity depth, and strong narratives are driving the rebound. Experts project a market consolidation phase through the second half of October. A handful of altcoins are…
In brief BlackRock’s Bitcoin ETF (IBIT) has become the asset manager’s most profitable fund by annualized fee revenue, with $97 billion in assets after just 21 months. S&P Global launched its first hybrid “Digital Markets 50” index combining 35 blockchain-related stocks with 15 major cryptocurrencies. Coinbase secured approval to offer staking services in New York…
In brief A user on Hyperliquid was hacked for $21 million after their private keys appear to have been leaked. Private keys allow a wallet owner to sign a transaction, meaning anyone in possession of it has control over the wallet. Blockchain security experts say that private keys can be compromised via phishing sites, malware-infected…
In brief Zcash (ZEC) surged over the past week to its highest level since April 2022, leading a sector-wide rally for privacy coins including Railgun and Dash. The rally comes as concerns mount over financial surveillance and sanctions, with investors seeking assets that offer greater privacy and protection from capital freezes amid geopolitical uncertainty. Analysts…
In brief Solana daily transactions fell to 64 million, down nearly 50% from July’s peak. Capital rotation to rivals and network friction are key reasons for the decline, one expert said. Despite a likely ETF approval Friday, Solana’s price is expected to follow Bitcoin’s lead. Solana’s daily transactions are on a steady decline, even as…
In brief Solana exchange-traded funds could get the green light this month. But investor fatigue and more interest in Ethereum could dampen inflows into the products, JP Morgan analysts have said. A number of top asset managers have this year tried to get SEC approval for a SOL ETF. U.S. exchange-traded funds giving investors Solana…
In brief Myriad prediction market users currently favor bullish moves for both Bitcoin and XRP. Bitcoin hit a new all-time high over the weekend, and XRP last hit a record price in July. The charts currently lean bearish, but sentiment undoubtedly favors the “moon” scenarios. As “Uptober” nears the midway point, crypto traders are positioning…
In brief Monad will open its MON token airdrop claim portal next Tuesday. Further details about the actual airdrop and mainnet launch will come “in the near future”, the company told Decrypt. The closely watched blockchain project has not yet revealed who qualifies for the airdrop, or details about MON’s token supply and distribution. The…
