Everything web3, crypto, defi, degen
In brief The ARK 21Shares Bitcoin ETF (ARKB) recorded $275.2 million in outflows on October 16, its largest single-day exodus since August 1, when the fund shed $327.9 million. Bitcoin ETFs collectively bled $530.9 million Thursday, capping a brutal week that saw $858.7 million flee the products, with only Tuesday breaking the outflow streak. Analysts…
In brief Tesla CEO Elon Musk praised Bitcoin’s energy-based foundation on Tuesday, suggesting its value comes from the impossibility of faking energy, unlike fiat currency which governments can debase. This marks a shift from 2021 when Musk criticized Bitcoin’s electricity consumption as “insane,” and Tesla stopped accepting BTC payments over environmental concerns. Tesla currently holds…
In brief Binance said its systems remained operational during the $19 billion market-wide liquidation, attributing reports of tokens hitting zero to a display error. Affected assets that depegged on the exchange included USDe, BNSOL and wBETH. Analysts described the payout as rare and likely aimed at restoring confidence in the post-CZ era. Crypto exchange Binance…
In brief Options traders buy more downside protection after the crypto’s largest liquidation event, Decrypt was told. Bitcoin’s $115,000, $95,000, and Ethereum’s $4,000, $3,600 strikes are seeing a high demand, according to options data. Experts remain cautious of the weekend rally, citing it as a “recalibration” move amid persisting structural risks. The crypto market is…
In brief Bitcoin slid from $121,000 to $109,000 in about seven hours Friday. Ethereum hit $3,686 and Solana hovered above $173, per CoinGecko. Liquidations neared $20 billion for the day, including roughly $16.7 billion in longs, after an hour that wiped almost $7 billion. Stocks fell alongside crypto, with the Nasdaq falling 3.6%, S&P 500…
In brief Bitcoin’s “debasement trade” narrative echoes gold’s historical role as a hedge against currency dilution. Some observers say Bitcoin still trades more like a high-risk asset than a haven. Others argue that could change as gold grows more expensive and trust in fiat erodes. Bitcoin’s latest price movements are reviving an old narrative that…
In brief Addicted is a Solana-based cannabis farming simulator that pays users in WEED tokens. Players have taken to social media to brag about their crypto earnings as the price of WEED surges. However, the play-to-earn format has drawn claims that Addicted is a “Ponzi game.” Addicted, a Solana-powered cannabis farming simulator described as “unhinged”…
Layer-1 blockchain Sei is using Japan’s licensing regime and partnerships with global institutions as the cornerstone of its expansion into Asia, according to Lee Zhu, the network’s director of growth for APAC.Speaking with Decrypt ahead of a packed week at Token2049 in Singapore, Zhu said Sei secured the necessary approvals in Japan last year, enabling…
In brief President Trump signed an executive order Tuesday directing the NIH to spend $50 million on AI projects aimed at improving childhood cancer research and treatment. The initiative will fund scientific teams to enhance clinical trials, sharpen diagnoses, and develop better therapies using data from the Childhood Cancer Data Initiative. The announcement comes as…
In brief Researchers unveiled Delphi-2M in Nature, an AI that forecasts risk for 1,000+ diseases up to 20 years out. The model outperformed single-disease tools, predicting co-morbidities and generating synthetic health trajectories from medical records. Trained on UK Biobank and validated on 1.9M Danish health records, Delphi-2M shows promise but faces bias, privacy, and deployment…
