Everything web3, crypto, defi, degen
In brief Ethereum daily transactions reached 1.87 million, approaching the all-time high of 1.96 million set in January 2024. The surge has been driven primarily by increased activity from stablecoins USDC, Tether, and decentralized exchange Uniswap. Market analysts attribute the surge to regulatory developments like the GENIUS Act passage, multiple ETF approvals bringing traditional market…
In brief Storm was found guilty of operating an unlicensed money transmitter. The jury could not reach a verdict on money laundering and sanctions evasion charges. Prosecutors have requested that Storm be remanded to prison, noting his connections to Russia. A Manhattan jury found Roman Storm guilty of a conspiracy to operate an unlicensed money…
In brief On-chain data shows dormant whales moving 3,000 BTC—often a sign of local tops. Options skew turns negative, indicating rising demand for downside protection. Spot ETF outflows and halted fund inflows suggest waning institutional appetite. Bitcoin’s August recovery is heavy-footed as multiple sell signals converge.Weakness is evidenced by two key metrics that suggest a…
In brief The broader crypto market rally has stalled, with total market cap falling again today. But one token is swimming against the current: Mantle, or MNT. Mantle is building an Ethereum treasury, and ETH charts tell an interesting story of their own. The cryptocurrency market is catching its breath after Monday’s exuberance, with the…
In brief The SEC exempted liquid staking services from regulation Tuesday. Services like Lido and Jito are now formally greenlit to issue staking tokens and pay out crypto staking rewards to customers without registering with the agency. The move follows a similar SEC exemption in May that permitted unregulated self-custodial and custodial staking. The SEC…
We’re committed to providing traders with greater flexibility and control, and are excited to announce a significant expansion in our collateral opportunities for Kraken Pro traders. What is a collateral currency? A collateral currency can be fiat, crypto or stablecoin you can use for trading on margin. Unlike standard spot trading, margin trading allows you…
In brief Leland King Fawcette says he fumbled a $36 million trade on the surging Troll meme coin. He originally bought $1,300 worth of the Solana token in August 2024 but sold it just hours later when it didn’t pump. At the time of his sale, Troll’s market cap was $9,360. Now, it is at…
In brief A four-year high in CTA exposure signals a potential market deleveraging event that could put pressure on Bitcoin. Downward revisions in jobs data are fueling speculation of a more aggressive Fed rate-cutting schedule. After a recent sell-off, Bitcoin is expected to enter a period of “chopsolidation” rather than a major collapse. Bitcoin’s slow…
About the AuthorPorter Stowell is CEO of W3.io, the company building Web3’s first programmable intelligence layer. He’s held senior roles at IBM Blockchain, Coinbase, and Filecoin, where he honed his expertise across Web3 infrastructure and ecosystems. The views expressed here are his own and do not necessarily represent those of Decrypt.With the GENIUS Act now…
In brief An ancient whale moved 306 Bitcoin. When it was first funded, Bitcoin traded around $75. The asset’s latest rally has awoken some long-term holders. A wallet that held more than 300 Bitcoin for over a decade was emptied on Friday as the asset’s price fell to a three-week low, blockchain data shows.The wallet,…
