Everything web3, crypto, defi, degen
In brief SEC and CFTC leaders proposed a “24/7 Markets” policy to bring U.S. securities trading online around the clock, citing the nonstop nature of crypto and global markets. They also floated plans to ease rules for prediction markets, perpetual derivatives, and DeFi trading in line with a unified “super-app” model for finance. Critics warned…
In brief Stablecoin issuer Tether has held talks on investing in gold miners and royalty firms, after already acquiring $8.7 billion worth of bullion. Meanwhile, El Salvador bought nearly 14,000 ounces of gold for $50 million, its first central bank purchase since 1990. Tether CEO Paolo Ardoino has previously described gold as “natural Bitcoin,” and…
In brief Bitcoin was flat over 24 hours, clawing back earlier losses to trade at $111,100, CoinGecko data shows. Goldman Sachs expects August payrolls to show 60,000 jobs added versus 75,000 forecast, with unemployment rising to 4.3%. Markets largely expect a 25-basis-point Fed cut on Sept. 17, though wage and unemployment surprises could sway the…
In brief XRP momentum has faded after breaking an eight-year all-time high price. Solana charts tell a different story today than the price action would indicate. And Pump’s PUMP is pumping once again, but can it last? The crypto market has rolled into September with characteristic uncertainty, as “Red September” fears collide with mounting optimism…
In brief The SEC unveiled a new rulemaking agenda proposing major rollbacks of crypto asset regulation, with nearly half of 20 new rules focused on digital assets. Planned reforms include creating rules for crypto asset issuance and trading, redefining key terms like “dealer,” and allowing crypto on U.S. securities exchanges. SEC Chair Paul Atkins said…
In brief Bitcoin dipped 1.3% below $110,000 but recorded strong ETF inflows of $633 million over two consecutive days—the best performance since early August. Long-term Bitcoin holders are moving their coins into ETFs in what an analyst calls an unusual redistribution pattern. Market sentiment remains cautious with 65% of prediction market users expecting Bitcoin to…
In brief NFL All Day is revamping its collector experience, adding autographed moments and in-person activations. The new moments will feature key rookies and verified digital autographs paired with video highlights. The platform is also partnering with four NFL teams for in-person activations to help onboard more fans to NFL All Day. Officially licensed NFT…
In brief Whales have increased their ETH holdings by 14% in the past five months. The uptick in interest comes amid massive institutional interest surrounding the second-largest crypto. Ethereum’s year-to-date returns and ETF inflows have both outpaced Bitcoin’s, showing the pivot in narrative. Ethereum’s outlook is flipping increasingly bullish as whale cohorts ramp up their…
In brief Coinbase CEO Brian Armstrong wants half of all code at the exchange to be AI-generated by October. AI already accounts for 40% of daily code at Coinbase, reflecting a wider industry embrace of AI coding assistants. The surge in AI-assisted coding contrasts with the “vibe coding” trend, where developers lean on AI for…
In brief Polymarket can now return to the U.S. after the CFTC said it won’t pursue certain enforcement actions against QCX, CEO Shayne Coplan said Wednesday. Polymarket acquired QCX, a licensed exchange already regulated by the CFTC, for $112 million in July. Polymarket was banned from the U.S. in 2022, and has been looking for…
