Everything web3, crypto, defi, degen
In brief Ethereum ETFs saw record $2.2 billion inflows last week, nearly doubling the previous record and driving global crypto ETF flows to all-time highs. ETH price surged 25% over the week while Bitcoin remained relatively flat despite hitting a new $123,000 all-time high earlier. Digital asset investment products have seen 14 consecutive weeks of…
In brief Bitcoin treasury company Strategy spent nearly $740 million on bitcoin purchases. The Tysons Corner, Virginia-based company now holds 607,770 digital coins—worth over $72 billion. Bitcoin was recently trading just below $119,000. Strategy, the world’s largest corporate holder of Bitcoin, announced Monday that it bought 6,220 Bitcoin worth $739.8 million. The Nasdaq traded company now…
In brief PENGU has jumped 26.7% over the past 24 hours, as its associated NFT collection, Pudgy Penguins, has seen its floor price also climb double digits. It comes following an unknown user sweeping 45 CryptoPunks, which has sparked interest in NFTs. As a result, major collections like Bored Ape Yacht Club, Moonbirds, and Azuki…
In brief The GENIUS Act, now signed into law, gives stablecoin issuers like Ripple a clear regulatory path but is expected to have limited direct impact on XRP’s price. Ripple’s new stablecoin, RLUSD, positions the company to compete domestically with USDC and PayPal USD as a native U.S. liquidity provider. Legal ambiguity around XRP’s classification…
In brief Block becomes the second crypto-facing firm in the S&P 500 index, two months after Coinbase. For over a year, Block has allocated 10% of its monthly profit from Bitcoin services to purchase additional Bitcoin. Industry observers say regulatory shifts are helping push crypto firms into mainstream acceptance. Block Inc., the fintech company led…
In brief Bitcoin enthusiasts have often likened the cryptocurrency to “digital gold,” a decentralized alternative to precious metals. Recent academic research has indicated that Bitcoin and gold may serve fundamentally different investor types. At present, research indicates that Bitcoin lacks the historical track record, stability, and crisis-tested resilience of gold—though that could change with time.…
In brief SharpLink Gaming shares fell more than 20% on Friday. The decline came a day after the company submitted a regulatory filing to increase its stock sales target by $5 billion. The company purchased $48 million worth of ETH on Monday and $225 million on Tuesday. SharpLink Gaming shares closed down 20% on Friday,…
In brief Bitcoin could hit $150,000 as soon as early October, according to a Cooper Research report. Analysts say the Bitcoin markets could begin to overheat between the $140K and $200K range. Strong inflows to spot Bitcoin ETFs stand to fuel the asset’s next rally, the firm said. Bitcoin could surge to a price of…
In brief MicroStrategy’s $70 billion Bitcoin holdings are spread across 9 potential custodians including Coinbase, BitGo, and Fidelity, but the exact distribution remains confidential under SEC Rule 83. Coinbase and MicroStrategy set stock records this week as crypto markets surge, though MicroStrategy has since pulled back while Coinbase keeps rising. Multiple companies launched or grew…
In brief XRP shattered its 2018 all-time high of $3.40, entering price discovery mode with bullish momentum. Dogecoin consolidates near $0.20, but charts indicate indecision ahead. Ethereum’s long-term bullish structure remains intact on the charts, but the real test comes at all-time high resistance. It’s been an eventful few days for cryptocurrency investors, especially for…
