Everything web3, crypto, defi, degen
In brief XRP surged above $3 today after weeks of sideways actions and bearish sentiment. Prediction market users on Myriad say there’s a 55% chance XRP hits $4 before dumping back to $2. The charts suggest caution. Here’s why. After weeks of sideways chop, XRP—the cryptocurrency created by the founders of Ripple—is making another run…
In brief CME Group plans to offer round-the-clock trading next year. The setup will still include some downtime, with holiday considerations. CME crypto contracts have reached record volumes this year. The world’s largest derivatives marketplace plans to offer customers round-the-clock trading for its cryptocurrency products next year, CME Group said on Thursday.In a blog post,…
On Monday, Kraken Co-CEO Arjun Sethi joined leaders from ICE, CME, Nasdaq, Cboe, Kalshi, DRW and Polymarket at the SEC–CFTC Roundtable on platforms and market structure. Moderated by former CFTC Commissioner Jill Sommers and SEC Division of Trading and Markets Director Jamie Selway, the panel brought together some of the most influential voices in global…
In brief A former Singapore Armed Forces diver stole $1.7 million in USDT after photographing the victim’s seed phrase in their bedroom. He spent the money on luxury watches, gambling and mortgage payments. Seed phrases are the master keys to crypto wallets and a major target for hackers worldwide. A former Singapore Armed Forces (SAF)…
We’re excited to announce a new collaboration designed to supercharge the adoption of xStocks, the industry’s gold standard for tokenized equities. Together with Backed, Kraken are today partnering with Wallet in Telegram, a digital asset solution natively embedded into the Telegram app, to bring xStocks to one of the largest consumer platforms in the world. …
In brief Ethereum sits 13.8% from its all-time high versus Solana’s steeper 34.12% climb. Prediction market Myriad places odds at 62% that ETH hits a new high before any major drop. Myriad users are bearish at the moment on a new SOL high. Here’s what the charts are looking like. Goodbye “red September,” hello “Uptober.”…
In brief Bitcoin rose above $117,000 and gold hit a new all-time high Wednesday, with both assets benefiting from safe-haven demand. Stocks fell after the U.S. entered its first government shutdown in nearly seven years, with the S&P 500 and Nasdaq each down about 0.5% upon open. The shutdown’s duration remains uncertain, echoing the record…
In brief Bitcoin has pushed above $116,000, tipping the total crypto market capitalization over the $4 trillion mark. Analysts cited ETF flows, macroeconomic optimism, and a historically bullish fourth quarter trend as key drivers. A sharp drop in the options skew shows traders are abandoning downside protection. ‘Uptober’ is off to a good start. Bitcoin…
In brief Mitchell Amador, CEO of Immunefi, told Decrypt at Token2049 in Singapore that AI tools once limited to security firms are now accessible to groups like Lazarus, enabling massive attacks. Bug bounties have paid out over $100 million but have “hit the limits” as there aren’t “enough eyeballs” to provide necessary coverage, he said…
In brief The SEC will not take enforcement actions against advisors and other entities for using state-chartered as crypto custodians. This letter could lead to a potential opening for a greater number of organizations to serve as custodians for digital assets. In July, Chair Paul Adkins unveiled “Project Crypto, an SEC initiative to dramatically lower regulatory…
