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 Schwartz is concluding his 13-year tenure as CTO at Ripple and will join its board to guide the company’s long-term vision. He plans to spend more time on an XRPL node, exploring new XRP use cases, and engaging in hands-on coding for community projects. Stablecoins, tokenized assets, and decentralization remain central to his…
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 A potential government shutdown could delay Friday’s jobs report, which Bitcoin traders rely on to predict Federal Reserve rate cuts. Bitcoin has climbed above $114,000 but still trails 0.7% behind its price from two weeks ago amid shutdown uncertainty. Historical shutdowns show mixed results for Bitcoin – it gained 14% during the 2013…
In brief U.S. spot Bitcoin ETFs saw $902.5 million in outflows last week, ending a four-week streak of inflows. Fidelity’s FBTC lost $300.4 million Friday, followed by $37.3 million from BlackRock’s IBIT. One expert cited profit-taking and portfolio rebalancing, though long-term institutional adoption remains intact. U.S. spot Bitcoin exchange-traded funds turned red last week, ending…
In brief Purchases at Bitcoin and other treasury companies have slowed dramatically over the past two months. The declines played a big role in declining markets that were already jittery about macroeconomic uncertainties. Three market observers say that the waning treasury activity could continue to weigh on markets. The rise in Bitcoin, Ethereum, and other…
In brief Predictors on Myriad now think Bitcoin will hit $105,000 before $125,000. Odds have flipped more than 20% in the last two days, as BTC continues its weekly slide. The asset now sits only about 4% above the $105,000 mark. The recent weakness in Bitcoin’s price has predictors on Myriad feeling bearish about the…
In brief Hyperliquid surges 9.26% to $44.11 as the only top 10 crypto in green while the rest of the market tanks 1.8%. BNB drops 0.14% to $947.55, as the worst performer in top 10 after the Aster-driven spike fades. The Crypto Fear and Greed Index marks the most bearish reading since April. Here’s what…
In brief Record-setting $18 billion Bitcoin options expiry today may create delayed volatility in 24-72 hours, according to Bitfinex analysts. Myriad prediction market users lean bearish at 51% expecting more red candles over the weekend after a rough trading week. October shows $78.9 billion in Bitcoin options open interest with heavy concentration of calls between…
