Everything web3, crypto, defi, degen
In brief A four-year high in CTA exposure signals a potential market deleveraging event that could put pressure on Bitcoin. Downward revisions in jobs data are fueling speculation of a more aggressive Fed rate-cutting schedule. After a recent sell-off, Bitcoin is expected to enter a period of “chopsolidation” rather than a major collapse. Bitcoin’s slow…
In brief Coinbase’s stock fell 17% on Friday, the day after the crypto exchange reported its second-quarter earnings. Analysts say the trading platform is poised to report stronger earnings numbers in subsequent financial quarters. Coinbase’s acquisitions and expansion beyond crypto-only services could lift its sagging stock. COIN plunged 17% on Friday, just a day after…
BTC ATH MONTHLY, TRUMP SPOOKS MARKETS, ALTCOINS LEAD FALLSBitcoin records ATH monthly close then falls. Altcoins lead crypto sell-off after mixed earnings. SEC launches ‘Project Crypto’ to tokenise assets. Most crypto assets are not securities: Atkins. Strategy reports $10b profit despite funding costs. Coinbase earnings mixed, stock falls 10%. Coinbase to expand to tokenized RWAs,…
In brief Robinhood CEO Vlad Tenev views tokenization as the future of finance. Robinhood is building its own Ethereum layer-2 scaling network. The firm surpassed analysts’ second-quarter expectations. Robinhood CEO Vlad Tenev referenced tokenization nearly a dozen times during the company’s second-quarter earnings broadcast on Wednesday, highlighting how the once-esoteric term is becoming a cornerstone…
In brief Ethereum celebrated its 10th anniversary on Wednesday, persevering through a decade of existential threats and evolution. Over the next 10 years, advocates believe the network will complete a spree of upgrades, improve layer-2 interoperability, and become the “settlement layer for everything.” Consensys pushed back on concerns that quantum computing could pose an existential…
In brief Robinhood disclosed $989 million in second-quarter revenue. Profits rose quarter-over-quarter to $386 million. The company’s stock has more than doubled so far this year. Robinhood posted a stronger-than-expected performance in the second quarter, surpassing analyst expectations yet again this year, despite a cooldown in revenue from crypto trading.The retail brokerage posted $989 million…
Kraken is in build mode. We are creating a multi-asset platform that enables anyone to trade anything, anytime, anywhere. In Q2, our pace accelerated — new products launched, global access expanded and infrastructure scaled. We are pushing the envelope on geo expansion and establishing ourselves as the infrastructure provider that will power the next generation…
In brief Base token launchpad Zora accounted for more tokens created than Solana’s Pump.fun and LetsBonk on Monday. It represents the first time since early 2023 that a chain has played host to more token launches than Solana, according to Coinbase director Conor Grogan. Unlike Pump.fun, Zora turns every single post on its social media…
In brief Visa reported $10.17 billion in revenue for fiscal Q2, up 14% year-over-year, while stablecoin settlements totaled just $200 million. CEO Ryan McInerney said global stablecoin adoption remains limited and will depend on clearer regulatory frameworks. Visa is investing in stablecoin infrastructure through BVNK, partnering with Bridge in Latin America, and piloting programmable finance…
In brief eToro has said it will launch tokenized stocks on Ethereum. Investors will be able to trade the assets around the clock. eToro has not given a date on when it will unveil the product. Online brokerage eToro will unveil tokenized stocks on the Ethereum blockchain, the company announced Tuesday. The new feature will allow…
