Everything web3, crypto, defi, degen
In brief The SEC will decide on the Truth Social Bitcoin and Ethereum ETF on October 8, likely after a rules change request from two exchanges that could shorten approval processes. The agency delayed decisions on XRP funds from Grayscale, Bitwise, CoinShares, Canary Capital, and 21Shares. It also pushed back deadlines on separate Dogecoin and…
In brief A Solana validator processed blocks with greater than 100,000 transactions per second in an experiment. The performance improvement was more than 25x the typical throughput of the Solana mainnet. Key Solana backers suggest that it means the network is ready for much more. The Solana network briefly processed more than 100,000 transactions per…
In brief Hyperliquid (HYPE) and SUI led losses among major altcoins as Bitcoin’s correction from $118,000 to $115,000 triggered widespread liquidations. The selloff comes ahead of Thursday’s Jackson Hole Economic Symposium, with analysts noting funding rates had been “warning of trouble” and higher-than-expected PPI data forcing markets to scale back September rate-cut expectations. Analysts called…
In brief Canary Capital CEO Steven McClurg sees Bitcoin hitting $150K by year’s end before a 2026 bear market sets in. McClurg dismissed Ethereum, backing newer blockchains like Solana and Sui. Another analyst warned against dismissing Ethereum due to its app and developer dominance. Bitcoin could climb as high as $150,000 before the end of…
In brief $941 million worth of positions have been liquidated across the crypto market, most of which were longs. It comes as Thursday’s PPI report shocked the market, prompting major tokens including Dogecoin, Solana, and Cardano to retreat from recent highs. Experts say this is nothing out of the ordinary, as Ethereum and Bitcoin continued…
In brief The federal agency has used its last full 60-day extension period, setting a final decision date of October 16 for the pending Solana ETF proposals. Market observers remain cautious of Solana’s price action, weighing how the SEC’s decision could shape the outlook for other altcoin-linked ETFs. BlackRock has stated it does not plan…
In brief Former Pump.fun employee Jarett Dunn has pleaded guilty to fraud by abuse of position, as well as transfer of criminal property. The former senior developer drained an estimated $2 million worth of Solana from the popular meme coin launchpad. He now awaits sentencing from behind bars, after breaking bail conditions two months ago.…
After saying earlier Thursday that the United States would not purchase Bitcoin for its planned strategic reserve, Treasury Secretary Scott Bessent apparently had a change of heart, again leaving the door open for potential purchases.”Bitcoin that has been finally forfeited to the federal government will be the foundation of the Strategic Bitcoin Reserve that President…
In brief Bitcoin’s price fell Thursday following a hotter-than-expected PPI report. Producer prices rose 0.9% in July, the largest monthly increase in over three years. Traders abandoned the prospect of a 50-basis-point rate cut. Bitcoin and other cryptocurrencies slipped on Thursday after rising producer prices blunted rate-cut hopes, and U.S. Treasury Secretary Scott Bessent said…
In brief Top markets on Myriad this week include predictions on the price of ETH, XRP, and SOL. ETH is charging ahead, but couldn’t push through to a new all-time high before retracing. Yet, predictors think $5K is no trouble in 2025. Predictors are split though about SOL’s chances of creating a new all-time high…
