Everything web3, crypto, defi, degen
In brief Bitcoin miner manufacturer Canaan said Thursday that it has landed an order for over 50,000 rigs. The order, from an undisclosed U.S. customer, is the firm’s largest single order in the last three years. Canaan shares surged in early trading Thursday following the announcement. Canaan Inc., a Singapore-based cryptocurrency mining equipment manufacturer, announced…
In brief U.S. spot Bitcoin ETFs saw inflows of $675.8 million Wednesday, their highest level since September 12. Bitcoin’s upward price momentum continued through Thursday morning, with the price of BTC topping $119,000 Analysts linked increased Bitcoin ETF inflows over the past week to predictions of looming U.S. interest rate cuts, among other “macro and…
In brief Two members of the Sweden Democrats have submitted a motion calling for a study into creating a national Bitcoin reserve. Proponents said it could position Sweden for a “potentially disruptive shift in the global financial infrastructure.” The U.S. and other nations have already explored or held strategic Bitcoin reserves. Two members of the…
We’re excited to announce a new collaboration designed to supercharge the adoption of xStocks, the industry’s gold standard for tokenized equities. Together with Backed, Kraken are today partnering with Wallet in Telegram, a digital asset solution natively embedded into the Telegram app, to bring xStocks to one of the largest consumer platforms in the world. …
In brief Litecoin surged 10% to $118, while Stellar gained 9% to $0.40. Short liquidations topped $480 million in 24 hours, as sentiment flips sentiment from fear to greed. Traders are rotating into older coins with Bitcoin rising more than 8% since September 28. The “Uptober” effect is in full swing. Kicking off what has historically…
In brief SEC decisions on applications for spot altcoin ETFs are on hold during the government closure. Analysts have been expecting the agency to approve Solana funds early this month. The regulator is weighing more than 90 applications for funds tracking different cryptos, combinations of tokens and digital asset strategies. Investors expecting U.S. Securities and…
In brief The market cap of top Bitcoin miners is soaring. Last month, the top public Bitcoin miners tracked by JP Morgan passed the $50 billion mark. The surge comes as companies in the space pivot to high-powered computing. The market cap of Bitcoin miners soared in September as firms in the space benefited from…
In brief Ethereum sits 13.8% from its all-time high versus Solana’s steeper 34.12% climb. Prediction market Myriad places odds at 62% that ETH hits a new high before any major drop. Myriad users are bearish at the moment on a new SOL high. Here’s what the charts are looking like. Goodbye “red September,” hello “Uptober.”…
In brief Polymarket is set to reopen to U.S. users, possibly as soon as tomorrow. The relaunch comes nearly four years after being banned by the CFTC and after its $112 million acquisition of CFTC-licensed exchange QCX LLC. The company has begun self-certifying event contracts including athletic events and election markets. Prediction market Polymarket is…
In brief Privacy coin Zcash is rallying after hitting a three-year high. A number of prominent observers in the crypto and Silicon Valley space have discussed the coin’s potential lately. Zcash remains down by over 95% from its 2016 record. Privacy coin Zcash has been the best performing digital asset over the past 24 hours…
