Everything web3, crypto, defi, degen
In brief Crypto markets have swung bullish this week, shifting odds dramatically back in favor of new all-time high marks for Bitcoin and Solana. Predictors believe Bitcoin is much more likely to hit $125,000 before $105,000, as it topped $121K on Thursday. Speculation about a Polymarket token is picking up steam, but predictors don’t expect…
In brief XRP surged above $3 today after weeks of sideways actions and bearish sentiment. Prediction market users on Myriad say there’s a 55% chance XRP hits $4 before dumping back to $2. The charts suggest caution. Here’s why. After weeks of sideways chop, XRP—the cryptocurrency created by the founders of Ripple—is making another run…
In brief SEC decisions on applications for spot altcoin ETFs are on hold during the government closure. Analysts have been expecting the agency to approve Solana funds early this month. The regulator is weighing more than 90 applications for funds tracking different cryptos, combinations of tokens and digital asset strategies. Investors expecting U.S. Securities and…
In brief Ethereum sits 13.8% from its all-time high versus Solana’s steeper 34.12% climb. Prediction market Myriad places odds at 62% that ETH hits a new high before any major drop. Myriad users are bearish at the moment on a new SOL high. Here’s what the charts are looking like. Goodbye “red September,” hello “Uptober.”…
In brief The U.K. government is seeking to keep most of the £5 billion ($7 billion) in Bitcoin it seized in 2018 from Zhimin Qian, who has pleaded guilty to possessing criminal property. The fraud’s victims have opened civil proceedings aimed at securing compensation, with the first hearing due in January. Legal experts suggest that,…
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 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 ChatGPT’s “instant checkout” with Shopify and Etsy draws scrutiny for turning AI into a retail gatekeeper. OpenAI’s new Sora app showcases endless AI-made videos, prompting criticism of “infinite slop” feeds. Data centers driving energy prices up 267% stoke unease over AI’s economic and environmental toll. OpenAI is facing mounting criticism after unveiling two…
