Everything web3, crypto, defi, degen
In brief XRP and DOGE ETFs are expected to debut this week. The exchange traded funds come from Rex-Osprey and are filed using the Investment Company Act of 1940. Other XRP and DOGE ETFs are seen as “near locks” for approval later this year. Traditional investors in the United States will be able to gain…
In brief Dogecoin surged 11% and Solana 10 % in the last week, defying seasonal crypto trends Federal Reserve is expected to cut rates this week as inflation moderates to 2.9%, which bodes well for risk assets. Users on the prediction market Myriad are signaling growing bullish sentiment. Here’s what the price charts have to…
In brief The Chargers are favored, but the line is tight: L.A.’s a ~3.5-point favorite, moneyline at about −185, and the Over/Under set near 46.5. Markets expect a win by the Chargers, but not a blowout.  Sharp money wagers are driving line movement toward Chargers −3.5. A number of analysts lean toward Raiders +3.5…
In brief The Ethereum Foundation is launching a dedicated “dAI team” to make Ethereum the foundation of AI development and bridge blockchain with AI industries. It has a near-term focus on the ERC-8004 standard enabling AI agents to transact seamlessly across Ethereum, which is debuting at November’s Devconnect conference. The long-term goal is to build…
In brief The odds of the U.S. Federal Reserve announcing a quarter-point rate cut have skyrocketed to 94.2%, according to the CME’s FedWatch tool. Experts look to Fed Chair Jerome Powell’s speech and forward guidance to determine if Bitcoin rallies or triggers a sell-the-news reaction. Bitcoin’s long-term outlook remains bullish, with experts forecasting up to…
In brief David Klasing, dual-certified tax attorney and CPA, says the IRS has moved from targeting “narrower groups” to broader crypto compliance investigations across multiple exchanges. The Treasury Inspector General reports a 75% potential non-compliance rate among crypto users identified through exchange data, feeding the audit pipeline. Nick Waytula, attorney and head of tax at…
In brief Galaxy Digital has purchased more than $700 million worth of Solana since Wednesday, on-chain data shows. The buys are likely tied to Galaxy’s backing of Forward Industries, poised to be the largest Solana treasury firm. Solana hit its highest price since January on Friday, topping $241 and rising 19% in the last week.…
In brief Gemini started trading on the Nasdaq at an approximately $4.4 billion valuation. The firm’s share price opened at $37.01, rising from the $28 offering price. Crypto lender Figure also registered a post-IPO pop on Thursday. Gemini debuted on the Nasdaq at a roughly $4.4 billion valuation on Friday, as the crypto exchange’s shares…
In brief Bitcoin holds steady near $114,000 despite August inflation rising to 2.9%, outpacing July’s 0.2% increase. Odds of a 50 basis point Fed rate cut next week dropped from 12% to 9% following the hotter CPI data. Crypto analysts expect any market volatility from the inflation print to be short-lived ahead of next week’s…
In brief Chainlink is expanding partnerships with U.S. agencies to bring more government functions on-chain beyond their current Department of Commerce collaboration. The company is starting with feeding public economic data into crypto markets, but has longer-term goals of bringing U.S. elections onto blockchain systems. Nazarov says blockchain election verification technology is ready, but implementation…
