Everything web3, crypto, defi, degen
In brief Bloomberg analyst Eric Balchunas calls Rex-Osprey DOJE the first US ETF to hold an asset with “no utility on purpose.” ETF filed under the Investment Company Act of 1940 instead of the Securities Act of 193, like other crypto ETF filings. Initial institutional adoption is initially, but market cap growth could attract attention,…
In brief U.S. spot Bitcoin ETFs saw significant inflows of $368.25 million, the highest in a month, reversing recent outflows and signaling renewed institutional conviction. Institutional buying is linked to investor positioning ahead of key macroeconomic reports this week and the Federal Reserve’s upcoming rate decision. Simultaneously, a capital rotation pattern from Ethereum to Bitcoin…
In brief Investors are bracing for revisions to U.S. payrolls, inflation updates, and the Fed’s September 17 rate call. Analysts warn overlapping events, including VIX futures expiry, could set off sharp swings in risk assets. Ethereum shows stronger trading momentum than Bitcoin, with rising open interest and sustained spot demand. Monday’s lull in trading for…
In brief Cantor Fitzgerald has debuted a new Bitcoin fund. The fund also gives investors exposure to gold—for downside protection. Gold rose to a record high near $3,680 on Monday, while BTC is trading about 9% off its all-time best, set last month. Wall Street giant Cantor Fitzgerald debuted a new fund Monday that aims…
In brief Ethereum ETFs recorded four consecutive days of outflows totaling $787.6 million from September 2-5, with Thursday’s $446.8 million representing the largest single-day exodus. Bitcoin ETFs posted net inflows of $250.3 million over the same period amid volatility. Analysts pointed out structural disadvantages, including staking restrictions and Ethereum’s “higher-beta” nature, making it the first…
In brief Hong Kong-based Hashkey Group has announced plans for a fund bridging tradfi and crypto. The DAT fund will target over $500 million in its first phase with a focus on Bitcoin and Ethereum projects. The structure is designed as a perpetual vehicle allowing regular subscriptions and redemptions. HashKey Group, a Hong Kong-based digital…
In brief El Salvador bought 21 BTC on September 7 to celebrate the fourth anniversary of its Bitcoin Law. The country’s Bitcoin reserve now totals 6,313.18 BTC valued at about $701 million. The purchase comes despite an IMF loan requiring the government to halt Bitcoin accumulation. El Salvador continues to stack sats.On Sunday, President Nayib…
In brief Digital asset treasury companies face shrinking market-to-net asset value (mNAV) ratios. BitMine and SharpLink Gaming have seen their mNAV fall below 1.0, to 0.99 and 0.89 respectively. The mNAV erosion threatens DATs’ ability to raise capital through at-the-market equity programs, forcing painful share dilution and stalling capital raises, analysts said. As Ethereum claws…
In brief Figma stock dropped nearly 20% to $54.56 on Thursday after its first quarterly earnings since going public. Ark Invest Tracker data showed more than 100,000 shares added to ARKW, though the disclosure has not yet been confirmed in ARK’s public filings ARK’s purchase is a “textbook” Cathie Wood move, Decrypt was told. Ark…
In brief XRP momentum has faded after breaking an eight-year all-time high price. Solana charts tell a different story today than the price action would indicate. And Pump’s PUMP is pumping once again, but can it last? The crypto market has rolled into September with characteristic uncertainty, as “Red September” fears collide with mounting optimism…
