Everything web3, crypto, defi, degen
In brief Bitcoin posted modest gains today while Ethereum slightly slipped. The long-term bullish outlook for traders remains intact, but the charts suggest choppy waters ahead. Prediction markets are split on near-term price outlooks for BTC and ETH. Will crypto break the ‘Red September’ curse? There is measured optimism today in the market.The crypto market…
In brief BitMine Immersion Technologies recently purchased 153,000 Ethereum. It now owns roughly 1.5% of the asset’s supply, with its stash valued above $8 billion. Ethereum is having a “1971 moment,” Tom Lee said. BitMine Immersion Technologies recently purchased 153,000 Ethereum, taking a $655 million step toward its goal of owning 5% of the asset’s…
In brief SharpLink Gaming bought even more Ethereum last week, adding $176 million in ETH to its treasury. The Nasdaq-listed firm pivoted its focus in May to accumulating ETH. Ethereum hit a new all-time high price in August as a number of companies buy the asset. Ethereum treasury SharpLink Gaming added over $176 million in…
About the AuthorLoxley Fernandes is CEO at Dastan, the parent company of Myriad, Rug Radio, and Decrypt. He served as CEO of Rug Radio before co-founding Dastan. Prior to Dastan he had spent over a decade as a serial entrepreneur, founder and operator with an emphasis on financial technologies that advanced the direct to consumer…
In brief Gemini plans to raise up to $317 million in its IPO at a valuation of roughly $2.3 billion, with shares expected to price between $17 and $19 and trade under the ticker GEMI. The offering follows blockbuster crypto listings from Circle and Bullish, whose valuations soared after their debuts. Co-founders Cameron and Tyler…
In brief Strategy purchased $450 million worth of Bitcoin. A self-imposed restraint triggered a “chain reaction,” Benchmark analysts said. The firm could be tapped in the S&P 500’s next rebalancing. Strategy recently purchased 4,000 Bitcoin worth $450 million, raising funds for its latest acquisition mostly by issuing common shares, according to a press release.The Tysons…
In brief Bitcoin and other major cryptocurrencies posted gains Tuesday morning, driven by expectations of a rate cut. Experts further attributed the recent uptick to a weakening U.S. dollar, Metaplanet’s 1,009 BTC acquisition, and rise in open interest. Analysts noted that a hawkish commentary post-rate cut decision from the Fed could trigger volatility spikes. The…
In brief A Binance Smart Chain user fell victim to a phishing scam and lost $13.5 million worth of tokens on Tuesday. Early reports suggested that BNB lending platform Venus Protocol had been hacked, but blockchain security firms subsequently confirmed that this was not the case. Venus Protocol and security firm PeckShield are in contact…
In brief Blockchain games are coming to the XRP Ledger thanks to an expansion of B3’s gaming ecosystem. It will begin with five hyper-casual testnet games designed to be played by anyone, anywhere. Ultimately, the goal is to bring more users to the XRP Ledger and add utility to the Ripple-linked asset, XRP. Crypto gaming…
In brief Solana’s Alpenglow upgrade, which would cut transaction finality from over 12 seconds to 150 milliseconds, already has over 99% validator support. Over $1.7 billion in SOL is already locked in corporate treasuries. MEXC chief analyst Shawn Young forecasts SOL at $215 in September and $250 by year-end, barring setbacks. Solana is preparing to…
