Everything web3, crypto, defi, degen
In brief Crypto markets have posted broad gains following the Federal Reserve’s quarter-point rate cut. Hyperliquid’s USDH stablecoin has been “attracting liquidity across the board from many institutions,” according to an analyst. The momentum now hinges on project-specific catalysts, with altcoins more exposed to volatility than Bitcoin, experts told Decrypt. Avalanche (AVAX) and Hyperliquid (HYPE)…
In brief Bitwise, Defiance, Tuttle, and T-Rex filed five new crypto ETFs, from Avalanche and Sui to memecoin Bonk and leveraged Orbs. Analysts say AVAX and tokenization funds have the strongest approval odds, while memecoin and basis-trade ETFs face “more scrutiny.” The filings add to a queue of over 90 crypto ETF applications infront of…
In brief Bitcoin ETPs saw a net inflow of 20,685 BTC last week, driven mostly by U.S. ETFs. The recent uptick in investor risk appetite is driven by rate cut expectations and new crypto IPOs. Despite institutional demand outpacing new Bitcoin supply, realized and implied volatility remain historically low. Bitcoin exchange-traded products globally logged net…
In brief A growing number of Bitcoin treasury firms are trading at discount to their holdings. Some are likely to fade away or become acquired, per TD Cowen. The investment bank thinks others will still outperform Bitcoin. Some Bitcoin treasury firms are losing their luster as share prices sag below a key threshold, TD Cowen…
In brief The U.S. conducted two recent strikes on alleged Venezuelan drug trafficking vessels, killing 14 people total and escalating tensions with President Maduro. Bitcoin remains relatively stable at $115,018 despite the geopolitical turmoil, though analysts warn traders to monitor resistance and support levels closely. Prediction markets show 90% of traders expect a 25-basis point…
In brief Altcoin open interest has jumped to $38 billion, closing in on Bitcoin’s $40 billion and topping Ethereum’s $30 billion, signaling heightened speculative activity. Experts warn the leverage buildup could spark liquidations if the Fed’s expected rate cut triggers a shift in sentiment. Political pressure on Chair Jerome Powell and signs of elevated implied…
In brief Kindly MD shares crashed over 54% to $1.26 after the SEC approved trading of previously restricted shares from a $200 million fundraising deal. CEO David Bailey encouraged short-term investors to exit, warning of volatility as the healthcare company transitions into a Bitcoin treasury operation. The company’s market cap of $504 million now trades…
In brief The odds of the U.S. Federal Reserve announcing a quarter-point rate cut have skyrocketed to 94.2%, according to the CME’s FedWatch tool. Experts look to Fed Chair Jerome Powell’s speech and forward guidance to determine if Bitcoin rallies or triggers a sell-the-news reaction. Bitcoin’s long-term outlook remains bullish, with experts forecasting up to…
In brief Bitcoin and Ethereum have risen 6% and 4% this month, defying the usual September slump. Options data show bullish bets outweighing bearish ones, with weighting geared for higher year-end prices. Expectations of multiple Fed rate cuts in 2025 are helping underpin appetite for risk assets. September’s slump may not be the last, but…
In brief Bitcoin holds steady near $114,000 despite August inflation rising to 2.9%, outpacing July’s 0.2% increase. Odds of a 50 basis point Fed rate cut next week dropped from 12% to 9% following the hotter CPI data. Crypto analysts expect any market volatility from the inflation print to be short-lived ahead of next week’s…
