Everything web3, crypto, defi, degen
In brief S&P Dow Jones Indices, a unit of market data provider S&P Global, is releasing a new index tracking 15 digital assets and 35 crypto-focused companies. Dinari, a provider of tokenized U.S. securities, will also issue a token tracking the index. Crypto-related equities have soared this year amid a market surge. S&P Dow Jones…
In brief Ethereum came within $200 of its all-time high Thursday, and could reach $5,000 driven by strong institutional demand and over $1.3 billion in ETF inflows last week. Analysts cite robust on-chain metrics, whale accumulation, and supportive macroeconomic conditions as key factors supporting the rally. The upcoming Fusaka upgrade expected in November promises major…
In brief U.S. spot Bitcoin ETFs recorded $1.19 billion in net inflows on October 6, the highest single-day total since July 10. BlackRock’s IBIT dominated with $970 million, becoming the asset manager’s most profitable ETF in barely 2 years since launch. Analysts say the surge points to institutional hedging during the U.S. government shutdown, but…
In brief BNB leads the top 10 coins by market cap with 85.6% YTD gains, far outpacing Ethereum and Bitcoin. The rally has been fueled by interest in the Aster DEX, surging on-chain activity, and institutional interest. Experts have queried whether the rally is sustainable, pointing to overbought technical indicators. While Bitcoin and Ethereum have grabbed…
In brief CleanCore added at least 100 million DOGE to its treasury, giving it more than 710 million DOGE in holdings. The firm said it now sits on more than $20 million in unrealized gains given Dogecoin’s rise in recent weeks. Shares of ZONE are up nearly 7% on the day, but down 32% in…
In brief Polymarket received a $2 billion investment from Intercontinental Exchange, owner of the New York Stock Exchange. The deal gave Polymarket a post-deal valuation of $9 billion, the prediction market startup said. Polymarket has inked several high-profile deals this year. Polymarket CEO Shayne Coplan said on Tuesday that the prediction-market platform will receive up…
In brief KindlyMD is joining with crypto services provider Antalpha in a strategic partnership. As part of the agreement, KindlyMD’s Nakamoto subsidiary and Antalpha have signed a non-binding letter of intent for the Bitcoin treasury to issue $250 million in convertible debt to Antalpha. KindlyMD will use the convertible notes to expand its Bitcoin Holdings…
In brief BlackRock’s IBIT generates $244.5 million annually, more than any other BlackRock ETF including products launched 25 years ago. The Bitcoin ETF sits at $98.47 billion in assets, approaching the $100 billion milestone in just 435 days versus 2,011 days for Vanguard’s VOO. IBIT captured $1.8 billion of last week’s $3.2 billion in total…
In brief MIT’s Muriel Médard says “control doesn’t scale,” making decentralization inherently efficient. Her firm Optimum tested a new network layer that spread Ethereum blocks 6.5× faster than Gossipsub. Faster data sharing could make blockchains more efficient and lower transaction costs across networks. New research work led by a top MIT researcher suggests that decentralization…
In brief VanEck projects a $644,000 price if Bitcoin matches half of gold’s value. Bitcoin’s market cap stands at $2.48 trillion, up 12% in the past month. Analysts caution the target may take five to ten years amid slower, steadier growth. Bitcoin is poised to capture half of gold’s market capitalization, according to investment firm…
