Everything web3, crypto, defi, degen
In brief A Bitcoin whale sale over the weekend stopped the Bitcoin rally in its tracks. Technical indicators suggest caution ahead for BTC traders. There are signs, though, that markets are taking a more optimistic view of Ethereum. The crypto market has started the week off in a sea of red after a massive Bitcoin…
In brief Investment firms are filing a wave of sophisticated crypto ETF applications, including 21Shares’ active crypto fund and 2x leveraged Dogecoin and Sui products. Multiple XRP ETF issuers updated filings following SEC feedback, while regulators delaying decisions on Trump Media and Solana funds until October. Experts predict approval momentum to begin in October despite…
In brief FTSE Russell’s September review has elevated the company from small-cap to mid-cap status. Eric Trump, a strategic adviser since March, is expected to attend the company’s next shareholder meeting in Tokyo. The inclusion will channel passive investment flows into a balance sheet centered on Bitcoin, though not without risks, analysts told Decrypt. Metaplanet,…
In brief The measure directs the country’s central bank to purchase 10,000 BTC over five years, with a 20-year holding requirement. Custody, proof-of-reserves, and disposal rules would be codified by law and regulation. Local crypto voices call the proposal bold but warn of volatility, fiscal tradeoffs, and gaps in financial literacy. The Philippines has introduced…
In brief Bitcoin historically follows four-year cycles where it soars one year after its halving and then crashes in price. Some experts say this cycle could be different, though. This is because a new type of investor is now involved in buying the cryptocurrency via ETFs. If history is anything to go by, then Bitcoin…
In brief Crypto stocks surged on Fed Chair Powell’s dovish Jackson Hole speech hinting at September rate cuts, with Ethereum treasury companies and Bitcoin miners leading gains of 8-15%. Bitcoin ETFs bled $1 billion over five consecutive days while Ethereum ETFs rebounded with $288 million in net inflows on Thursday. Blockchain lender Figure Technologies filed…
In brief Fed Chair Jerome Powell went much more dovish than expected at Jackson Hole, sending stocks up 2% and crypto markets higher. Altcoins are outpacing Bitcoin, with Dogecoin and Solana showing increasingly bullish signs. But today, all eyes are on Ethereum, which is inching closer to breaking its 2021 all-time high. Crypto markets have…
In brief Bitcoin ETFs are experiencing a significant sell-off, with over $1.1 billion in outflows over the past five days as investors de-risk ahead of the Jackson Hole symposium. Ethereum ETF flows have bucked the bearish trend, with a strong inflow on August 21. Crypto market remains highly volatile with significant liquidations and key price…
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack.GM!Today’s top news: Crypto majors mostly red heading into Jackson Hole; BTC -1% at $112,300 MetaMask introduces new stablecoin mUSD, to launch on ETH +…
In brief Traders are focused on key strikes in the options market as positioning turns defensive. Recent shifts in rate cut odds have weighed on sentiment heading into Friday’s remarks from Fed Chair Jerome Powell. A neutral tone from Powell could disappoint markets already pricing in a September cut. Bitcoin traders are closely monitoring two…
