Everything web3, crypto, defi, degen
In brief Bitcoin miner BitMine Immersion holds $10.7 billion on its balance sheet. The Nasdaq-listed firm said nearly $10 billion of that is in Ethereum. BitMine also holds Bitcoin and cash, the company said. Bitcoin miner BitMine Immersion has over $10.7 billion mostly in Ethereum on its balance sheet, the company announced on Monday. The Nasdaq-listed…
In brief U.S. spot Bitcoin ETFs pulled in around $2.3 billion from September 8 to 12. BlackRock’s IBIT and Fidelity’s FBTC captured the bulk of flows, with other issuers posting smaller gains. Observers said the surge reflects structural demand from institutions, with inflows expected to scale further. U.S. spot Bitcoin exchange-traded funds pulled in roughly…
In brief Bitcoin and Ethereum have risen 6% and 4% this month, defying the usual September slump. Options data show bullish bets outweighing bearish ones, with weighting geared for higher year-end prices. Expectations of multiple Fed rate cuts in 2025 are helping underpin appetite for risk assets. September’s slump may not be the last, but…
In brief Major altcoins like Dogecoin and Solana surged on Friday, with BNB hitting a new all-time high price. Their gains came off the back of Bitcoin and Ethereum price jumps, with both at their highest points this month. Investors are feeling good about the Fed cutting interest rates next week—which could benefit crypto markets.…
In brief Four years ago, El Salvador made Bitcoin legal tender in the country. The country has been in the spotlight since then as its Bitcoin-loving president becomes a larger player on the world stage. President Bukele claims he still buys Bitcoin for the country—but the IMF says otherwise. Bitcoin advocates around the world are…
In brief Crypto exchange Gemini has priced its IPO at $28 per share ahead of open trading on the Nasdaq. The pricing tops forecasts after months of investor buildup. The Winklevoss brothers bring political ties and regulatory baggage into the spotlight, but Gemini’s losses and CFTC battles loom over its market debut. Gemini, the U.S.-based…
In brief Bitcoin briefly swelled to a 19-day high, driven by cooler U.S. inflation data that has increased expectations of a Federal Reserve rate cut. The crypto market’s bullish sentiment is also fueled by significant ETF inflows and a decline in selling pressure. Experts are optimistic about Bitcoin’s future, with expectations of a “big surge”…
In brief Another Bitcoin whale moved a chuck of their crypto. The whale had not moved their $50 million in BTC for nearly 13 years, blockchain data shows. A number of long-term investors have started moving digital coins after years of dormancy since this year. Another long-term Bitcoin whale awakened on Thursday, moving a chunk…
In brief China-based Mogu said Thursday that its board had approved allocating $20 million in Bitcoin, Ethereum, and Solana. The fashion company’s Nasdaq-listed shares were recently up 76%. Mogu’s board of directors had approved a plan to spend $20 million on cryptocurrencies and crypto-related securities. Shares of Nasdaq-listed fashion company Mogu soared on Thursday after…
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…
