Everything web3, crypto, defi, degen
In brief Bitcoin slid from $121,000 to $109,000 in about seven hours Friday. Ethereum hit $3,686 and Solana hovered above $173, per CoinGecko. Liquidations neared $20 billion for the day, including roughly $16.7 billion in longs, after an hour that wiped almost $7 billion. Stocks fell alongside crypto, with the Nasdaq falling 3.6%, S&P 500…
In brief Fox Business’s Charles Gasparino reported internal White House talks about pardoning Changpeng “CZ” Zhao. Binance founder CZ, who resigned as CEO in 2023 and served prison time, remains its largest shareholder. A pardon could reopen U.S. markets to Binance and signal an even friendlier crypto policy under Trump. Is the Trump administration seriously…
If you looked away from crypto markets on Friday, then you missed a record-breaking bloodbath.Following a Friday morning threat from U.S. President Donald Trump to unleash “massive” new trade tariffs on China, crypto prices began to plunge alongside stocks, representing widespread concern from investors. And then crypto declines rapidly accelerated late in the afternoon when…
In brief BlackRock’s Bitcoin ETF (IBIT) has become the asset manager’s most profitable fund by annualized fee revenue, with $97 billion in assets after just 21 months. S&P Global launched its first hybrid “Digital Markets 50” index combining 35 blockchain-related stocks with 15 major cryptocurrencies. Coinbase secured approval to offer staking services in New York…
In brief Aster has delayed its airdrop from October 14 to October 20, due to “potential data inconsistencies” leading to miscalculated token allocations. The announcement said that “for most users,” the new figures should not be lower than what they have already been shown. It comes just hours after the airdrop checker went live, which…
In brief Major banks including Banco Santander, Citi, Bank of America, and Deutsche Bank are exploring a “1:1 reserve-backed form of digital money.” The banks said in a statement that the potential product would be pegged to G7 currencies. A number of companies and banks worldwide are interested in issuing stablecoins. A group of international…
October got off to a hot start, but the historically strong month for Bitcoin and crypto prices—called “Uptober” by many investors—hit a roadblock Friday thanks to President Trump’s trade war. And now prices are falling fast as liquidations pile up.More than $1 billion worth of crypto positions have been liquidated over the last 24 hours,…
In brief Polymarket is planning to release a native crypto token, but it won’t come in the next few months. The prediction market is focused on regaining dominance in the U.S. after it was effectively banned in 2022. It follows a massive $2 billion investment from New York Stock Exchange owner Intercontinental Exchange, which valued…
In brief British investment firm Hargreaves Lansdown has warned people to stay away from Bitcoin and cryptocurrencies. The Bristol-based company said cryptocurrency investments are too risky. Still, it added that it would allow qualified investors to buy UK crypto ETNs. Bitcoin is too risky and should not be included in an investor’s portfolio, British financial…
In brief Organizers of the Nobel Peace Prize are investigating whether insiders used advanced information about this year’s winner to make a profit on Polymarket. Roughly 11 hours before the award was announced, Machado’s chances jumped from near-zero to over 70%, with one trader collecting $80,000 from last-minute wagers. While insider trading may be prohibited…
