Everything web3, crypto, defi, degen
In brief On-chain data shows that Ethereum ETFs have added about $3.4 billion over the past five days, against $966 million for Bitcoin ETFs over the same period. The trend marks a fifth straight session of ETH ETF inflows outpacing Bitcoin ETFs. Analysts cited corporate treasury accumulation, thinning exchange and OTC supply, and staking yield,…
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack.GM!Today’s top news: Crypto majors red on the day, BTC dominance rebounds; BTC at $119k ETH ETFs see another top 5 day, outpace BTC 3.3:1…
In brief U.S. wholesale prices rose 0.9% in July, the largest monthly gain in more than three years, dimming prospects for a September Fed rate cut. Bitcoin and Ethereum retreated from recent highs as traders scaled back bets on imminent policy easing. Analysts see seasonal weakness in September but expect rising global liquidity to support…
In brief Strategy compared its P/E ratio to S&P 500 firms last month. That “deceptively” implied that its revenue is recurring, Andy Constan said. Strategy faces class action lawsuits over allegedly false and misleading statements. Strategy, formerly MicroStrategy, misrepresented its business to investors when measuring itself against S&P 500 firms last month, according to Damped…
In brief Crypto markets are in correction mode, as PPI throws cold water on the rally. But Cardano traders had other ideas today. ADA pumped while XRP, BTC, and ETH dumped. Here’s why, and what the charts suggest may happen next. Crypto volatility is back. But while most of the majors are pulling back, with…
In brief Experts generally agree that favorable regulatory shifts in the United States and massive buy-ups of Ethereum on Wall Street have enabled ETH’s current, ongoing streak. Some analysts contend these factors are so bullish for Ethereum, that the token will continue to surge through the end of the year, potentially beyond $7,000. Others caution,…
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack.GM!Today’s top news: Crypto majors soar and then retrace ahead of PPI BTC hits new ATH of $124,128 overnight ETH reaches $4,780 on 2nd-biggest day…
Bitcoin hit another all-time high price mark on Wednesday as a increasingly favorable macro environment pushes traders to take more risk. And Ethereum might be following right behind.The leading cryptocurrency hit a new peak price of $122,882 on Wednesday afternoon, beating its previous July record of $122,838, CoinGecko data shows.Stocks also soared to close in on…
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack.GM!Today’s top news: Crypto majors soar led by ETH and SOL; Bitcoin breaks $120,000 Tom Lee files to raise $20B ATM for more ETH; ETH…
In brief Treasury Secretary Scott Bessent urged the Fed to consider a 50bps cut in September after weak job revisions and soft inflation data. July inflation came in at 2.7% year-over-year, slightly above expectations but reinforcing hopes for looser policy. Crypto markets rallied, with Ethereum hitting multi-year highs as traders priced in deeper rate cuts.…
