Everything web3, crypto, defi, degen
In brief Ethereum sits 13.8% from its all-time high versus Solana’s steeper 34.12% climb. Prediction market Myriad places odds at 62% that ETH hits a new high before any major drop. Myriad users are bearish at the moment on a new SOL high. Here’s what the charts are looking like. Goodbye “red September,” hello “Uptober.”…
In brief Solana, Dogecoin, and Cardano outperformed the broader crypto market on Wednesday. Despite Congress failing to pass a continuing resolution to avoid a government shutdown, crypto markets shrugged off concerns. Bitcoin surpassed $117,000 for the first time in about two weeks while anticipation builds for an expected 25-basis point Fed rate cut at October’s…
In brief The White House has abruptly ended Brian Quintenz’s candidacy to lead the Commodity Futures Trading Commission. Crypto lobbying, a dispute with Gemini co-founders the Winklevoss twins, and opposition to Quintenz’s Kalshi links may have played a role. Acting CFTC chair Caroline Pham will remain in place as new contenders are considered. The White…
In brief The pseudonymous Buzzlamic Jihad has joined Aptos as an advisor, after months of memes he posted on social media helped pump the token in February. Buzz told Decrypt he wants to fix Aptos’ image problem and position it as a premium stablecoin network. He also plans to leverage his long-time relationship with the…
Layer-1 blockchain Sei is using Japan’s licensing regime and partnerships with global institutions as the cornerstone of its expansion into Asia, according to Lee Zhu, the network’s director of growth for APAC.Speaking with Decrypt ahead of a packed week at Token2049 in Singapore, Zhu said Sei secured the necessary approvals in Japan last year, enabling…
In brief The crypto market is poised to close in the green for September as Bitcoin rallies above $114k. Altcoins like ADA and DOGE, though, aren’t faring nearly as well. Technical indicators and prediction market data diverge on the near and long-term market view. The crypto market is nursing another day of modest losses—but they’re…
In brief Ethereum gaming metaverse The Sandbox will soon have its own layer-2 network. SANDChain aims to be the core infrastructure built to empower the creator economy on-chain. The network will use The Sandbox’s SAND token as its native gas and utility token. Ethereum gaming metaverse The Sandbox will soon have its own creator-focused blockchain…
In brief Bitcoin has historically performed well in October, posting green months nine out of the past 10 years. It has led traders to believe in the legend of “Uptober,” and this year is no different. However, market analysts warn that the reality is much more complex, with many macro factors ready to blow up…
In brief Bitcoin and Ethereum are both roughly flat on the day as Congress races to pass a funding bill before the shutdown deadline. Some 85% percent of Myriad prediction market users expect Bitcoin to see at least 48 red candles before Wednesday noon amid political uncertainty. Ledn’s CIO John Glover remains optimistic, noting that…
In brief Indonesia’s Universitas Gadjah Mada will pilot verifiable digital credentials, beginning with English proficiency courses. Students receive digital wallets preloaded with tokens for paying tuition and course fees, with no added costs. The pilot rollout will cover 60,000 students and run alongside a separate AI lab initiative. Universitas Gadjah Mada (UGM), one of Indonesia’s…
