Everything web3, crypto, defi, degen
In brief The odds of the U.S. Federal Reserve announcing a quarter-point rate cut have skyrocketed to 94.2%, according to the CME’s FedWatch tool. Experts look to Fed Chair Jerome Powell’s speech and forward guidance to determine if Bitcoin rallies or triggers a sell-the-news reaction. Bitcoin’s long-term outlook remains bullish, with experts forecasting up to…
In brief Gemini debuts on Nasdaq with $4.4B valuation, shares up 22.6% amid regulatory drama with CFTC nominee. Figure launches public trading at $5.3B valuation as crypto lending meets capital markets. Tokenization gains momentum with BlackRock eyeing ETF tokenization and Nasdaq proposing tokenized stock trading. Public Keys is a weekly roundup from Decrypt that tracks…
In brief Coinbase has accused the SEC of destroying nearly a year of former Chair Gary Gensler’s text messages. A recent SEC Inspector General report revealed texts from October 2022 to September 2023 were permanently erased during a critical crypto enforcement period. The U.S. exchange wants expedited discovery, sanctions, and immediate production after the SEC…
In brief Bitcoin briefly swelled to a 19-day high, driven by cooler U.S. inflation data that has increased expectations of a Federal Reserve rate cut. The crypto market’s bullish sentiment is also fueled by significant ETF inflows and a decline in selling pressure. Experts are optimistic about Bitcoin’s future, with expectations of a “big surge”…
In brief Gold hit an inflation-adjusted record high of $3,683/oz, surpassing a 45-year-old record. Bitcoin climbs 6% to $114,286 but analysts watch gold-to-Bitcoin ratio for breakout signals. Prediction markets now favor gold over Bitcoin through year-end, with 63% betting on precious metal. If Bitcoin can keep pace with gold as it soars to an inflation-adjusted…
In brief Figure shares closed 24% above their IPO price at $31.11 on Thursday. The company uses a blockchain-based platform to facilitate loans. Analysts foresee the IPO advancing tokenization narratives in the mainstream. Figure Technologies shares closed above its initial offering price on Thursday, the latest indication of investors’ interest in crypto-native firms on Wall…
In brief Gemini will offer 16.67 million shares of GEMI between $24-26. Trading is set to begin Friday. Even after upsizing its IPO share price, reports indicate the firm’s public launch is massively oversubscribed. By going public, the firm hopes to join the wave of recent successful crypto IPOs like Circle, Bullish, and Figure. American…
In brief Bitcoin holds steady near $114,000 despite August inflation rising to 2.9%, outpacing July’s 0.2% increase. Odds of a 50 basis point Fed rate cut next week dropped from 12% to 9% following the hotter CPI data. Crypto analysts expect any market volatility from the inflation print to be short-lived ahead of next week’s…
In brief Bitcoin hit a two-week high above $114,000 Thursday morning. Its price rise comes after U.S. spot Bitcoin ETF saw inflows of $757.1 million Wednesday, an eight-week high. Experts suggest that the August inflation report and the subsequent rate cut decision by the Federal Reserve are key catalysts driving ETF inflows. Bitcoin bounced back…
In brief Rising demand from ETFs and DATs has scooped up 8.40% of Ethereum‘s market cap, according to digital asset bank Sygnum. Crypto-friendly regulation under Trump’s administration has helped drive massive capital inflow into Ethereum. The successful Pectra upgrade also played a key role in shaping Ethereum’s value proposition, analysts argued. Ethereum’s renewed bullish momentum…
