Everything web3, crypto, defi, degen
In brief Top prediction markets on Myriad this week ask about the price of Ethereum, the Roman Storm trial, and migrating birds. Predictors are bullish on ETH hitting a new all-time high this year, but not about it breaking $4K this week. In flash markets, predictors are leaning guilty on Storm, and that less than…
In brief Crypto exchange Kraken reportedly aims to raise $500 million in a funding round at a $15 billion valuation. The fundraising comes amid an expected initial public offering (IPO) in early 2026. Many of Kraken’s peers have made similar moves toward IPOs in recent months, which experts attribute to a more favorable regulatory environment…
In brief Ethereum has risen nearly 3% this week, defying Bitcoin’s pullback and approaching the $4,000 mark for the fourth time since March 2024. Analysts cite growing ETF inflows, potential approval of staking, and institutional buying as key drivers behind the rally. Market watchers say a favorable macro backdrop, including Fed policy and AI-fueled risk…
In brief Biotech firm 180 Life Sciences is rebranding to ETHZilla and starting an Ethereum treasury. The firm is raising $425 million via a PIPE offering, and using proceeds to buy ETH. Shares are down more than 99% all-time, but finished the day up more than 10%. Publicly traded biotech company 180 Life Sciences is…
In brief The SEC acknowledged a proposal to permit staking for BlackRock’s ETHA. The regulator has delayed its decision on similar proposals. Spot Ethereum ETF have generated $9.4 billion in net inflows since their debut. The U.S. Securities and Exchange Commission acknowledged Nasdaq’s proposal on Tuesday to accommodate staking for BlackRock’s spot Ethereum exchange-traded fund,…
CRYPTOPUNKS SEE $8.2M IN TRADING VOLUME, CRYPTO MAJORS IN THE RED, PAYPAL ANNOUNCE “PAY WITH CRYPTO”Allocate up to 15% of portfolio to BTC & Gold: Dalio. Paypal launches multi-crypto payments. Metamask launches stablecoin yield, SOL staking. Interactive Brokers weighs stablecoin. Strategy upsizes capital raise to $2.8b. Marathon Digital raises $950m debt to buy BTC. BitMine…
In brief SharpLink’s Ethereum holdings have more than doubled over the past three weeks Shares have tumbled as Ethereum’s rally has cooled over the past week. The company is aligning itself with Consensys’ Ethereum layer-2 network Linea. SharpLink Gaming has spent $780 million on Ethereum in July, establishing itself as one of the asset’s largest…
PAYPAL EMBRACES CRYPTO, ALTCOIN TREASURIES BEGIN, STOCKS HIT ATH AGAINAllocate up to 15% of portfolio to BTC & Gold: Dalio. Paypal launches multi-crypto payments. Metamask launches stablecoin yield, SOL staking. Interactive Brokers weighs stablecoin. Strategy upsizes capital raise to $2.8b. Marathon Digital raises $950m debt to buy BTC. BitMine plans $1bn stock buyback. ETH ‘$6k…
In brief Ethereum treasury companies have acquired 1% of all ETH in circulation in just two months, with holdings worth nearly $9 billion approaching 2% of total supply. Standard Chartered’s Geoff Kendrick predicts ETH treasury holdings could grow 10-fold to eventually own 10% of all ETH, potentially pushing prices above $4,000. Leading treasury companies include…
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…
