Everything web3, crypto, defi, degen
In brief Myriad traders see roughly a nearly 50/50 chance Trump visits China before year-end 2025. Reuters and WSJ report that Beijing has invited Trump, while the TikTok deal talks signal warming ties. Kalshi and Polymarket host related markets on a potential Trump-Xi meeting this year. A popular Myriad market asks whether Donald Trump will…
In brief Markets are expecting the Federal Reserve to cut interest rates on Wednesday. The price of Bitcoin has risen this week but some analysts aren’t expecting the asset to rise on the announcement. Instead, traders will be paying attention to Fed Chair Jerome Powell’s comments after the decision, analysts told Decrypt. Bitcoin has typically…
In brief The PAC says it has lined up more than $100 million to support pro-Trump candidates in upcoming races. FEC records show that the group was registered in August, but filings have listed no receipts or expenditures to date. Its launch comes as crypto political spending grows. Crypto is once again taking the stage…
In brief David Klasing, dual-certified tax attorney and CPA, says the IRS has moved from targeting “narrower groups” to broader crypto compliance investigations across multiple exchanges. The Treasury Inspector General reports a 75% potential non-compliance rate among crypto users identified through exchange data, feeding the audit pipeline. Nick Waytula, attorney and head of tax at…
In brief Ethereum rose above $4,600 on Friday, driven by institutional accumulation from treasury companies and ETF inflows. CryptoQuant reports a surge in staking activity, including one whale moving $645 million in ETH specifically to stake it. 73% of traders on prediction market Myriad now bet ETH will reach $5,000, up from 61% at the…
In brief Gemini will offer 16.67 million shares of GEMI between $24-26. Trading is set to begin Friday. Even after upsizing its IPO share price, reports indicate the firm’s public launch is massively oversubscribed. By going public, the firm hopes to join the wave of recent successful crypto IPOs like Circle, Bullish, and Figure. American…
In brief President Lukashenko said tokenization can cut intermediaries, automate deals, and boost user control. Belarus has seen $1.7 billion in crypto payments this year, with $3 billion projected, according to Lukashenko. Russia-aligned states like Kyrgyzstan have shown similar sanction-driven patterns. Belarusian President Alexander Lukashenko is urging the nation’s banks to ramp up their use…
A large-scale hacking exploit targeting JavaScript code with malware that raised alarms earlier this week has managed to steal only $1,043 in cryptocurrency, according to data from Arkham Intelligence.Cybersecurity researchers at Wiz published analysis of a “widespread” supply chain attack yesterday, writing in a blog post that bad actors used social engineering to gain control…
In brief U.S. spot Bitcoin ETFs saw significant inflows of $368.25 million, the highest in a month, reversing recent outflows and signaling renewed institutional conviction. Institutional buying is linked to investor positioning ahead of key macroeconomic reports this week and the Federal Reserve’s upcoming rate decision. Simultaneously, a capital rotation pattern from Ethereum to Bitcoin…
In brief Investors are bracing for revisions to U.S. payrolls, inflation updates, and the Fed’s September 17 rate call. Analysts warn overlapping events, including VIX futures expiry, could set off sharp swings in risk assets. Ethereum shows stronger trading momentum than Bitcoin, with rising open interest and sustained spot demand. Monday’s lull in trading for…
