Everything web3, crypto, defi, degen
In brief Top markets on Myriad this week include predictions on the price of ETH, XRP, and SOL. ETH is charging ahead, but couldn’t push through to a new all-time high before retracing. Yet, predictors think $5K is no trouble in 2025. Predictors are split though about SOL’s chances of creating a new all-time high…
In brief An indictment was unsealed against former Zero Edge CEO Richard Kim. He allegedly admitted to gambling away the crypto casino firm’s seed round funding. Federal prosecutors say he misappropriated $3.8 million. Federal prosecutors in New York are pursuing fraud charges against the former CEO of a crypto-powered casino, claiming the 39-year-old gambled away…
In brief Solana and Chainlink jumped over 12% as July CPI came in below forecasts, reinforcing bets on a September Fed cut. Institutional flows, not retail speculation, are driving this cycle, according to Presto analyst Min Jung. Analysts have warned rising leverage has increased systemic risk, making altcoins more vulnerable to sharp reversals. Solana and…
In brief Zora token surged 43% in 24 hours, gaining 129% weekly and 1,566% monthly following strong platform adoption. The Ethereum Layer-2 platform rewards creators for content sharing and was added to Base App in July for easier access. Recent surge driven by spike in coin creation activity (47,000 new tokens Sunday) and new Binance…
In brief Ethereum’s recent surge, driven by institutional ETF inflows, has sparked increased market confidence in potential altcoin season. Top altcoins like Solana, Dogecoin, XRP and meme coins are likely to see an increased speculative activity. Analysts believe this phase could last until November Ethereum-betas could catch a headwind due to the cautiously optimistic due…
In brief Chinese tech giant Ant Group has said claims it’s working on a rare earth RMB stablecoin are false. It comes amid exploration of stablecoin uses by Chinese e-commerce firms. Hong Kong’s stablecoin regulatory regime has been a key driver for increased interest. Chinese tech giant Ant Group has denied online rumors that it…
In brief The physical hat worn in the cute image associated with Solana meme coin Dogwifhat sold for $792,696 on Thursday night. It was won by Finn, the founder and CEO of rising token launchpad Bags, who says he will give it “back to the community.” Finn claims to have used the fees associated with…
In brief Bitcoin is up around 1.3% in the last 24 hours, reclaiming $115,000 while Ethereum has jumped 2.8% and is above $3,600. ETH ETFs regained inflows on Tuesday despite Bitcoin ETFs posting another day of outflows. Analysts seem unfazed by the market movement, noting that dips are expected in bull markets. Crypto markets rebounded…
In brief Amanda Fischer, ex-Chief of Staff to SEC Chair Gary Gensler, compared liquid staking to the risky rehypothecation practices that helped sink Lehman Brothers. Crypto lawyers and founders say Fischer overstates the SEC’s stance, which narrowly applies to passive, non-leveraged staking setups. Figures from VanEck, Solana’s Helius Labs, and Magic Eden called Fischer’s claims…
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