Everything web3, crypto, defi, degen
In brief Bitcoin has traded between $117,000 and $119,000 for over two weeks, slipping 2% after a weekend rally. Ethereum has climbed to near the $4,000 level, backed by over $5 billion in ETF inflows and rising derivatives activity. XRP sentiment has improved as investors eye potential regulatory clarity. The cryptocurrency market extended its losses…
In brief The SEC has pushed back its decision on whether to approve or deny the Truth Social Bitcoin ETF and Grayscale Solana ETF, according to a pair of filngs. Its new deadlines for the Truth Social Bitcoin ETF and Grayscale Solana ETF are September 18 and October 10, respectively. The SEC has delayed decisions…
In brief Ethereum topped $3,900, its first time above that level since December, before retreating. Bernstein analysts said that Ethereum treasuries would have to weigh liquidity risks. The ETH treasuries have followed a general model pioneered by Bitcoin pioneers like Strategy. Ethereum treasuries are treating the asset differently than their Bitcoin-focused counterparts, generating staking rewards…
In brief Nasdaq-listed Mill City Ventures III is the latest company to start a crypto treasury. The financial firm will buy SUI. Increasingly more publicly traded companies are buying altcoins. Bitcoin treasury firm Strategy started the trend but now companies are diving into other cryptocurrencies to put on their balance sheets—with the latest being SUI. Nasdaq-listed…
In brief XRP price is down more than 12% on the week. Dogecoin is down even worse, over 18% in the last seven days. Technical indicators show differing paths. Here’s why. If you bought into the XRP or Dogecoin hype recently, you might be asking yourself what went wrong. You’re also probably a lot less…
In brief Pump.fun accounted for 19% of tokens deployed through Solana-based launchpads on Saturday. The project’s native token fell to a fresh low on Monday. Meme coin traders have been gravitating toward LetsBonk, which debuted in April Traders on Solana are backing away from Pump.fun following its massive ICO, gravitating toward other meme coin launchpads…
In brief The company has been looking to expand its crypto services. Merchants will be able to accept Bitcoin, Ethereum and other cryptocurrencies. Pay with Crypto will support transactions for a number of wallets, including Coinbase and MetaMask. PayPal will allow smaller businesses in the U.S. to accept 100 cryptocurrencies on its platform, including Bitcoin,…
In brief Bitcoin and Ethereum ETFs hit a record $11.2 billion in monthly inflows in July, with Ethereum ETFs pulling in $1.6 billion last week alone. Ethereum ETFs have already surpassed their entire 2024 performance with $7.8 billion in inflows this year, with ETH’s smaller market cap making it easier to move. Solana and XRP…
In brief Binance Smart Chain’s native token BNB set a new all-time high of $858 as it surged 7% on Monday. Other altcoins like Optimism, Injective, and Worldcoin have all seen gains, as Bitcoin dominance drops from a four year high last month. Predictors on Myriad Markets believe that Ethereum is 68.5% likely to set…
In brief Solana co-founder Anatoly Yakovenko dismissed meme coins and NFTs as “digital slop,” in a discussion with Coinbase’s Jesse Pollak. Pollak defended platforms like Zora, calling content “incredibly valuable” and coins “the most powerful technology” for enabling value transfer to creators. Despite Yakovenko’s criticism, Solana remains deeply tied to meme coin activity, with launchpad…
