Everything web3, crypto, defi, degen
In brief The odds of the U.S. Federal Reserve announcing a quarter-point rate cut have skyrocketed to 94.2%, according to the CME’s FedWatch tool. Experts look to Fed Chair Jerome Powell’s speech and forward guidance to determine if Bitcoin rallies or triggers a sell-the-news reaction. Bitcoin’s long-term outlook remains bullish, with experts forecasting up to…
In brief The network reorganized 18 blocks and invalidated 118 transfers in its deepest rollback yet. Observers linked the event to Qubic’s withheld mining and potential majority hash control. The incident follows Qubic’s attempts last month to do a 51% attack on the network. Monero has shrugged off its biggest chain rollback in its 12-year…
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 The startup beat out Paxos, Ethena, and others, with validators and prediction markets pushing odds to above 90% before the vote. Native Markets’ proposal splits reserve yield between Hyperliquid’s Assistance Fund and growth, with reserves managed via Bridge, BlackRock, and Superstate. The next test for USDH would be whether it could break the…
In brief Gemini started trading on the Nasdaq at an approximately $4.4 billion valuation. The firm’s share price opened at $37.01, rising from the $28 offering price. Crypto lender Figure also registered a post-IPO pop on Thursday. Gemini debuted on the Nasdaq at a roughly $4.4 billion valuation on Friday, as the crypto exchange’s shares…
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 The FTC has issued orders to seven companies requiring detailed disclosure of safety protocols and monetization strategies within 45 days. The probe comes amid growing concerns about AI chatbots’ impact on children, with safety advocates calling for stronger protections. Companies must reveal user data handling by age group and safeguards preventing inappropriate interactions…
In brief Coinbase has accused the SEC of destroying nearly a year of former Chair Gary Gensler’s text messages. A recent SEC Inspector General report revealed texts from October 2022 to September 2023 were permanently erased during a critical crypto enforcement period. The U.S. exchange wants expedited discovery, sanctions, and immediate production after the SEC…
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 Identical “civil war” posts flooded X hours after Kirk’s killing, many from generic or low-engagement accounts. Past studies show botnets can generate billions of impressions; researchers warn AI tools make them harder to spot. Analysts see echoes of Russian and Chinese ops, but no confirmed attribution for this week’s spike in violent rhetoric.…
