Everything web3, crypto, defi, degen
In brief Gold’s pullback may create space for a Bitcoin catch-up trade, experts say. Gold has suffered a six-day, 10% slide only 10 times in the past 45 years, and in each case the metal regained losses within roughly two months, posting an average rebound of about 8%. The Q4 outlook for both assets remains…
In brief The deal would outpace Stripe’s massive $1.1 billion purchase of stablecoin startup Bridge last year. Stablecoin activity has mushroomed with tokens’ total market cap increasing by about $100 billion year-to-date. Last month, Morgan Stanley teamed with Zerohash to enable E*Trade customers to trade Bitcoin, Ethereum, and Solana. Credit card giant Mastercard is reportedly…
In brief Michael Saylor thinks Bitcoin will rise to around $150,000 by the end of the year, thanks to diminishing volatility. The Strategy founder predicts BTC will hit $1 million per coin in the next four to eight years. Saylor also said the last 12 months have been the best in the history of the…
In brief 1X unveiled NEO—a $20,000 home robot—this week, promising AI-powered chores and companionship. Users raised privacy and safety concerns, comparing it to self-driving tech. 1X says early buyers must agree to data collection to help improve NEO’s abilities. The humanoid race looked ready to enter the living room this week—until viewers saw what 1X’s…
In brief The price of Bitcoin fell today following comments from Fed Chair Jerome Powell. Bitcoin sentiment on the prediction market Myriad likewise dropped as bears gain ground. Technical indicators show weak momentum in the short term, while the broader bullish trend remains intact. Bitcoin is bleeding today, and aggregated sentiment on prediction markets is…
In brief President Trump’s official meme coin has jumped 46% over the last week, rebounding after a steep drop earlier this month. Jasper De Maere, desk strategist at Wintermute, told Decrypt the rise may be the result of a “relief rally” as trade war tensions ease. Trump Media this week announced it’ll create a prediction…
In brief 21Shares wants to list a Hyperliquid exchange-traded fund. HYPE, the native coin of decentralized exchange Hyperliquid, is the 16th biggest cryptocurrency by market cap. The SEC is weighing ETF applications tracking different altcoins, and combinations of tokens. Exchange-traded fund issuer 21Shares has applied for an exchange-traded fund tracking the token of the Hyperliquid…
In brief Elizabeth Warren and Bernie Sanders warned that Trump’s plan to let 401(k)s invest in crypto could jeopardize Americans’ retirement savings. In a letter to the SEC and Department of Labor, they called the policy “dangerous,” citing crypto’s volatility and Trump’s potential conflicts of interest. The senators asked whether agencies have studied the risks…
In brief MoviePass wants people to wager on the box office. Its service doesn’t use actual money yet. Betting giants like DraftKings are interested in prediction markets. MoviePass, a company that used to let customers binge an unlimited number of movies in theaters for a monthly fee, began letting more people wager on box-office performances…
In brief A romance web-novel hit No. 1 after its author used AI to publish dozens of chapters a day, gaming Kakuyomu’s ranking system. The author apologized for not making it obvious that the novel was largely AI-generated. Writers warn the flood of AI fiction could drown human voices, while defenders call it creative evolution…
