Everything web3, crypto, defi, degen
In brief Analysts were upbeat that the Fed would cut interest rates again and help bolster risk assets. In his post decision comments, Jerome Powell noted the bank’s concerns about a sagging job market and continued inflationary pressure. Bitcoin was trading at about $116,200, down slightly over the past 24 hours. Neither the U.S. central…
In brief China’s Nvidia ban marks a turning point in the AI war, as Huawei and local players step into the spotlight. Beijing’s move signals confidence in homegrown chips, and could force tech giants to rewire their AI stacks overnight. The move comes after several efforts from the United States to prevent China from having…
In brief Bitwise, Defiance, Tuttle, and T-Rex filed five new crypto ETFs, from Avalanche and Sui to memecoin Bonk and leveraged Orbs. Analysts say AVAX and tokenization funds have the strongest approval odds, while memecoin and basis-trade ETFs face “more scrutiny.” The filings add to a queue of over 90 crypto ETF applications infront of…
In brief Bitcoin ETPs saw a net inflow of 20,685 BTC last week, driven mostly by U.S. ETFs. The recent uptick in investor risk appetite is driven by rate cut expectations and new crypto IPOs. Despite institutional demand outpacing new Bitcoin supply, realized and implied volatility remain historically low. Bitcoin exchange-traded products globally logged net…
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 A growing number of Bitcoin treasury firms are trading at discount to their holdings. Some are likely to fade away or become acquired, per TD Cowen. The investment bank thinks others will still outperform Bitcoin. Some Bitcoin treasury firms are losing their luster as share prices sag below a key threshold, TD Cowen…
In brief Altcoin open interest has jumped to $38 billion, closing in on Bitcoin’s $40 billion and topping Ethereum’s $30 billion, signaling heightened speculative activity. Experts warn the leverage buildup could spark liquidations if the Fed’s expected rate cut triggers a shift in sentiment. Political pressure on Chair Jerome Powell and signs of elevated implied…
In brief Standard Chartered’s Geoff Kendrick believes Ethereum treasury companies are most likely to succeed long-term due to their ability to generate staking yields. Bitmine announced its treasury has grown to 2.15 million ETH worth over $9.7 billion, more than double competitor SharpLink’s 837,230 ETH holdings. Digital asset treasury companies hold significant crypto portions (4%…
In brief Strategy recently purchased around $60 million worth of Bitcoin. The acquisition was funded entirely with proceeds from preferred shares. Strategy had $8 million in leftover cash from its most recent raise. Strategy, formerly MicroStrategy, unveiled its smallest Bitcoin purchase in a month on Monday, scooping up 525 Bitcoin worth $60 million, according to…
In brief The Ethereum Foundation is launching a dedicated “dAI team” to make Ethereum the foundation of AI development and bridge blockchain with AI industries. It has a near-term focus on the ERC-8004 standard enabling AI agents to transact seamlessly across Ethereum, which is debuting at November’s Devconnect conference. The long-term goal is to build…
