Everything web3, crypto, defi, degen
In brief VisionSys AI (VSA) is creating a Solana treasury strategy with plans for up to $2 billion in SOL. Shares in VSA dropped as much as 57% at one time on Wednesday, before rebounding slightly. The firm aims to purchase $500 million in SOL in the next six months. Shares in publicly traded brain-machine…
In brief Bitcoin rose above $117,000 and gold hit a new all-time high Wednesday, with both assets benefiting from safe-haven demand. Stocks fell after the U.S. entered its first government shutdown in nearly seven years, with the S&P 500 and Nasdaq each down about 0.5% upon open. The shutdown’s duration remains uncertain, echoing the record…
In brief Solana, Dogecoin, and Cardano outperformed the broader crypto market on Wednesday. Despite Congress failing to pass a continuing resolution to avoid a government shutdown, crypto markets shrugged off concerns. Bitcoin surpassed $117,000 for the first time in about two weeks while anticipation builds for an expected 25-basis point Fed rate cut at October’s…
In brief The White House has abruptly ended Brian Quintenz’s candidacy to lead the Commodity Futures Trading Commission. Crypto lobbying, a dispute with Gemini co-founders the Winklevoss twins, and opposition to Quintenz’s Kalshi links may have played a role. Acting CFTC chair Caroline Pham will remain in place as new contenders are considered. The White…
In brief Bitcoin has pushed above $116,000, tipping the total crypto market capitalization over the $4 trillion mark. Analysts cited ETF flows, macroeconomic optimism, and a historically bullish fourth quarter trend as key drivers. A sharp drop in the options skew shows traders are abandoning downside protection. ‘Uptober’ is off to a good start. Bitcoin…
Layer-1 blockchain Sei is using Japan’s licensing regime and partnerships with global institutions as the cornerstone of its expansion into Asia, according to Lee Zhu, the network’s director of growth for APAC.Speaking with Decrypt ahead of a packed week at Token2049 in Singapore, Zhu said Sei secured the necessary approvals in Japan last year, enabling…
In brief Tron Inc. stock has fallen 85% since June, part of a broader downturn for crypto-linked public companies. MSTR, BMNR, and the majority of publicly listed treasury companies are down double digits from their three-month peaks. This sell-off is a digital asset treasury trend, not a problem unique to any single firm, experts told…
In brief Defiance ETFs has debuted a new fund tracking the BITA Trillion Dollar Club Index. The ETF gives investors exposure to companies and assets with a $1 trillion market cap or higher. It tracks Bitcoin via BlackRock’s iShares Bitcoin Trust ETF. An exchange-traded fund tracking trillion dollar assets, including tech and crypto-related companies and…
In brief The crypto market is poised to close in the green for September as Bitcoin rallies above $114k. Altcoins like ADA and DOGE, though, aren’t faring nearly as well. Technical indicators and prediction market data diverge on the near and long-term market view. The crypto market is nursing another day of modest losses—but they’re…
In brief Dogecoin miner DogeHash Technologies secured a $2.5 million loan to bolster its mining fleet and efficiency. The loan was provided by publicly traded Thumzup Media who is set to acquire DogeHash Technologies. Shares of TZUP are up 2.4% on the day as Dogecoin has slipped 1%. Publicly traded crypto treasury firm Thumzup Media…
