Everything web3, crypto, defi, degen
In brief The crypto market’s pullback Wednesday morning triggered $635 million in liquidations over the past 24 hours. The short-term pressure was the result of profit-taking, gold’s rebound, and a stronger dollar, analysts told Decrypt. Analysts view this drop as a healthy correction, with a target of $132,000 to $135,000 if key support holds. Bitcoin…
In brief The American Federation of Labor and Congress of Industrial Organizations warned Monday the Responsible Financial Innovation Act provides only “the facade of regulation” while weakening worker protections and consumer safeguards. The labor federation’s letter comes as Senate Republicans push for a floor vote in November. Union officials criticized provisions letting FDIC-insured banks directly…
In brief PancakeSwap’s Chinese X account was hacked to promote a scam meme coin token. CAKE token’s price remains largely unaffected. Security experts noted weak user security awareness and phishing as key reasons. The official Chinese X account of decentralized exchange PancakeSwap was hacked on Tuesday, used to promote a fraudulent meme coin named “Mr.…
In brief Market breadth has weakened as capital concentrates in high-liquidity, high-certainty assets like Bitcoin and Ethereum. Experts cite institutional ETF flows and a loss of patience with purely narrative-driven altcoins. Any future altcoin rally is expected to be highly selective, favoring tokens with real-world utility. Bitcoin and Ethereum continue to capture investor interest, while…
In brief SEC Chair Paul Atkins says a formal “innovation exemption” could be finalized by year-end. The proposal follows years of regulatory uncertainty that pushed crypto development overseas. Industry leaders say a structured framework could bring compliant innovation back to U.S. markets. The U.S. Securities and Exchange Commission is preparing to codify an “innovation exemption”…
Institutional capital is increasingly steering the direction of the crypto market, executives from Bitwise Asset Management and Aspen Digital told Decrypt in separate interviews during the Token2049 conference in Singapore last week. Hong Kim, Chief Technology Officer and co-founder of Bitwise, said the investor base for Bitcoin has shifted from retail traders to long-term allocators. “The first…
In brief Bitcoin hit a new all-time high on Monday; gold broke records on Tuesday. BTC was down over 3% a day after setting its latest record, while other major cryptos were largely in the red. Analysts think both gold and Bitcoin still have room to increase. After setting record highs over the past two…
In brief Global crypto market cap hit an all-time high of $4.35 trillion on October 6, with Bitcoin surging past $126,000 and Ethereum crossing $4,500. Spot Bitcoin and Ethereum ETFs have attracted over $70 billion in inflows since January 2025, with last week alone seeing $4.5 billion in record flows. Technical indicators show mixed signals:…
In brief BNB Chain meme coin prices and trading volumes are skyrocketing, with many tokens inspired by Binance founder Changpeng “CZ” Zhao. Some tokens have jumped more than 1,000%, while the leading token 4 has jumped to a $243 million market cap. Earlier this year, a token named after CZ’s dog Broccoli exploded in popularity…
In brief Publicly traded firm CEA Industries said Tuesday that it now holds 480,000 BNB, valued above $600 million. The price of BNB has surged 27% in the last week alone, hitting a new high of $1,330 on Tuesday. Shares of CEA Industries, which trades as BNC on the Nasdaq, rose 8% following the announcement.…
