Everything web3, crypto, defi, degen
In brief The ARK 21Shares Bitcoin ETF (ARKB) recorded $275.2 million in outflows on October 16, its largest single-day exodus since August 1, when the fund shed $327.9 million. Bitcoin ETFs collectively bled $530.9 million Thursday, capping a brutal week that saw $858.7 million flee the products, with only Tuesday breaking the outflow streak. Analysts…
In brief The total market cap of all cryptocurrencies fell 5.9% to $3.64 trillion Friday morning, its lowest level since July 2025. The sell-off was driven by a “flight to safety” amid fears over U.S. regional bank stability. Liquidations hit $1.09 billion as major altcoins slid, with BNB seeing the largest decline. The cryptocurrency market…
In brief A short-selling cascade drove Bitcoin down 3.5% to $107,500, on Thursday, adding over $1 billion in bearish bets. The sell-off triggered $724 million in liquidations, with longs accounting for 74% of the total wipeout. A market schism emerged as spot buyers on Coinbase accumulated while shorts attacked on derivatives. Bitcoin experienced a sharp…
In brief Japan plans to ban insider trading in cryptocurrencies under the Financial Instruments and Exchange Act. The move empowers its financial regulators to investigate and penalize illicit trades, extending securities-style oversight to digital assets. Policy experts say Japan’s clarity could trigger “competitive convergence,” pushing other major markets to align on crypto regulation. Japan is…
In brief The deal raises roughly $231 million payable in BTC or SolvBTC, issued by Solv Protocol. Zeta says the transaction enhances its balance sheet and reflects confidence in Bitcoin’s fundamentals. The group touts the deal as a way to fuse Bitcoin’s scarcity with sustainable yield. Nasdaq-listed fintech firm Zeta Network Group has entered into…
In brief Newsmax is building a digital assets treasury centered on Bitcoin and President Trump’s official Solana meme coin. The company is approved to spend up to $5 million to acquire the assets over the next 12 months. Shares of NMAX fell 4% today but have bounced in after-hours trading. Publicly traded media company Newsmax…
In brief Prediction market Myriad shows a 57% chance Bitcoin hits $100K before $120K—a dramatic flip from 60% bullish just a day ago. Short-term technical indicators scream bearish while longer term signals hint at oversold bounce potential. Tomorrow’s $115K price target on Myriad looks very unlikely, with 95% of the money on the prediction market…
In brief Crypto markets crashed last week, and Dogecoin has taken the hardest hit among major assets. While Bitcoin and Ethereum are still suffering following the sell-off, Dogecoin is faring far worse. Experts said that the coin is not finding enough use cases and may be facing an identity crisis. Following last week’s flash crash,…
In brief Predictors on Myriad are becoming more bearish in Thursday trading as crypto markets slide. Solana is given just 34% odds by predictors of reaching a new all-time high. Despite gold’s lead in the race to $5K, Myriad users think ETH has a better chance of reaching the mark first. As crypto markets fall…
In brief Ripple has bought corporate treasury management firm GTreasury for $1 billion. It’s Ripple’s third major acquisition this year after buying primer brokerage Hidden Road and stablecoin platform Rail. Ripple CEO Brad Garlinghouse said the deal would reduce friction and costs of “outdated payments systems.” Fintech Ripple announced Thursday that it bought software firm…
