Everything web3, crypto, defi, degen
In brief The dollar index has dropped 11% this year, its sharpest fall since 1973. Gold is at record highs signaling U.S. institutions are hedging against inflation. A steepening yield curve for bonds points to higher long-term risks and potential support for Bitcoin. A weakening U.S. dollar, rising governance risks, and yield curve steepening are…
In brief The queue to become an Ethereum (ETH) validator, which allows you to stake the cryptocurrency, has reached the highest level since September 2023. Analysts think this may be partly due to the surge of investment in ETH treasury firms, which often engage in staking. Lower network fees on the blockchain were also highlighted…
In brief U.S. Bank, the fifth largest bank in the United States by assets, is offering Bitcoin custody services again. The service will be for institutional investment managers. U.S. Bank first announced the service in 2021 but had to pause it. Financial services giant U.S. Bank has restarted its crypto custody operations after pausing the…
In brief Polygon’s Aishwary Gupta says no Indian government department wants ownership of stablecoin regulation, creating bureaucratic deadlock across agencies. Gupta estimates India could save $68 billion annually through stablecoin integration, but regulatory uncertainty prevents banks from acting. 80-85% of India’s top crypto talent has relocated internationally, Gupta said, while Asian neighbors advance clear stablecoin…
In brief The joint statement covers crypto products focused on leverage, margin and financed spot retail commodity transactions. One market observer expects spot crypto assets to receive listings on major equity indexes. Regulators are inviting market participants to engage with SEC or CFTC staff. Exchanges registered with the U.S. Securities and Exchange Commission and the…
In brief Bitcoin posted modest gains today while Ethereum slightly slipped. The long-term bullish outlook for traders remains intact, but the charts suggest choppy waters ahead. Prediction markets are split on near-term price outlooks for BTC and ETH. Will crypto break the ‘Red September’ curse? There is measured optimism today in the market.The crypto market…
We’re excited to announce the next major step in the rapid growth of xStocks, the industry’s gold standard for tokenized equities. In partnership with Backed, Kraken is bringing xStocks to the Ethereum blockchain, unlocking a new wave of opportunities for tokenized stocks and ETFs to be integrated across the world’s most widely adopted smart contract…
In brief Solana’s Alpenglow upgrade, which would cut transaction finality from over 12 seconds to 150 milliseconds, already has over 99% validator support. Over $1.7 billion in SOL is already locked in corporate treasuries. MEXC chief analyst Shawn Young forecasts SOL at $215 in September and $250 by year-end, barring setbacks. Solana is preparing to…
In brief The tokenized assets market is now worth about $600 billion globally. Europe leads in fixed-income issuance, accounting for more than half of 2024’s total. But regulators are trying to strike a balance between innovation and investor protection. The European Union’s top markets regulator is calling for a balance between financial innovation and investor…
In brief The buyback plan would redirect 100% of fees from protocol-owned liquidity pools across Ethereum, BSC, and Solana. Proponents claim that linking fees to token burns enhances scarcity and boosts long-term value for holders. Analysts caution the effect may be limited by upcoming unlocks and WLFI’s high valuation. Less than a day through its…
