Everything web3, crypto, defi, degen
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…
In brief Bitcoin has gained 3% in two days to about $110,000 as derivatives traders positioned ahead of U.S. jobs data. Options markets show bullish bets for late September, but hedging signals caution on downside risk. Implied volatility remains low, though some traders are preparing for potential declines. Derivatives traders are expecting a slightly more…
In brief Polygon’s Aishwary Gupta says no Indian government department wants ownership of stablecoin regulation, creating bureaucratic deadlock across agencies. Gupta estimates India could save $68 billion annually through stablecoin integration, but regulatory uncertainty prevents banks from acting. 80-85% of India’s top crypto talent has relocated internationally, Gupta said, while Asian neighbors advance clear stablecoin…
In brief Coinbase unveiled a hybrid index called Mag7 + Crypto Equity Index Futures. The futures index tracks Coinbase shares, “Magnificent 7” tech stocks, and Bitcoin and Ethereum ETFs. The product will be available through “partner platforms,” Coinbase said. Coinbase is debuting futures in the U.S. that will simultaneously give traders exposure to cryptocurrencies and…
In brief Solana validators passed a proposal to implement Alpenglow, a reworking of Solana’s consensus protocol. The implementation will make Solana transaction finality at least 5x faster, making apps and deposits on-chain quicker. Alpenglow is expected to be on testnet by December with a mainnet release in Q1 2026. Solana is about to get a…
In brief Bitcoin posted modest gains today while Ethereum slightly slipped. The long-term bullish outlook for traders remains intact, but the charts suggest choppy waters ahead. Prediction markets are split on near-term price outlooks for BTC and ETH. Will crypto break the ‘Red September’ curse? There is measured optimism today in the market.The crypto market…
In brief SharpLink Gaming bought even more Ethereum last week, adding $176 million in ETH to its treasury. The Nasdaq-listed firm pivoted its focus in May to accumulating ETH. Ethereum hit a new all-time high price in August as a number of companies buy the asset. Ethereum treasury SharpLink Gaming added over $176 million in…
About the AuthorLoxley Fernandes is CEO at Dastan, the parent company of Myriad, Rug Radio, and Decrypt. He served as CEO of Rug Radio before co-founding Dastan. Prior to Dastan he had spent over a decade as a serial entrepreneur, founder and operator with an emphasis on financial technologies that advanced the direct to consumer…
In brief Solana’s Alpenglow upgrade, which would cut transaction finality from over 12 seconds to 150 milliseconds, already has over 99% validator support. Over $1.7 billion in SOL is already locked in corporate treasuries. MEXC chief analyst Shawn Young forecasts SOL at $215 in September and $250 by year-end, barring setbacks. Solana is preparing to…
In brief Bitcoin, Ethereum and XRP prices are holding relatively steady as the market rolls into Red September. September is historically the worst month of the year for markets, with BTC on average dropping 3.77%. Despite the sideways action, technical indicators suggest traders could be positioning for history to repeat. The cryptocurrency market is attempting…
