Everything web3, crypto, defi, degen
In brief BitMine Immersion Technologies added more than 200,000 Ethereum during the recent crypto market dip. The firm now holds more than 3 million ETH valued at greater than $12.5 billion. Shares of BMNR jumped 4.5% early Monday as the market rebounds. Top publicly traded Ethereum treasury firm BitMine Immersion Technologies bought the crypto dip.The…
In brief TAO, MNT, WLF, ASTER, DOGE and BNB are among the altcoins leading the post-crash recovery, with gains of up to 30%. Analysts told Decrypt that their utility, liquidity depth, and strong narratives are driving the rebound. Experts project a market consolidation phase through the second half of October. A handful of altcoins are…
In brief Options traders buy more downside protection after the crypto’s largest liquidation event, Decrypt was told. Bitcoin’s $115,000, $95,000, and Ethereum’s $4,000, $3,600 strikes are seeing a high demand, according to options data. Experts remain cautious of the weekend rally, citing it as a “recalibration” move amid persisting structural risks. The crypto market is…
In brief Bitcoin slid from $121,000 to $109,000 in about seven hours Friday. Ethereum hit $3,686 and Solana hovered above $173, per CoinGecko. Liquidations neared $20 billion for the day, including roughly $16.7 billion in longs, after an hour that wiped almost $7 billion. Stocks fell alongside crypto, with the Nasdaq falling 3.6%, S&P 500…
In brief BlackRock’s Bitcoin ETF (IBIT) has become the asset manager’s most profitable fund by annualized fee revenue, with $97 billion in assets after just 21 months. S&P Global launched its first hybrid “Digital Markets 50” index combining 35 blockchain-related stocks with 15 major cryptocurrencies. Coinbase secured approval to offer staking services in New York…
In brief Bitcoin volatility has risen since the government shutdown began, though it remains below March’s tariff-driven peak. The U.S. deficit has reached $1.973 trillion, $76 billion higher than last year, raising concerns about fiscal sustainability. Bitcoin has lagged behind stocks, gold, and silver recently, but analysts expect crypto markets to remain supported if ETF…
In brief Bitcoin bull Arthur Hayes thinks BTC’s traditional four-year cycle is over. The entrepreneur says increased money supply will benefit the asset. Hayes, however, has previously labeled his bullish predictions as “pretty shit.” Crypto entrepreneur Arthur Hayes continues to say that an increased money supply will benefit Bitcoin—and now believes that the leading cryptocurrency’s…
In brief Myriad prediction market users currently favor bullish moves for both Bitcoin and XRP. Bitcoin hit a new all-time high over the weekend, and XRP last hit a record price in July. The charts currently lean bearish, but sentiment undoubtedly favors the “moon” scenarios. As “Uptober” nears the midway point, crypto traders are positioning…
In brief Luxembourg became the first European nation to invest in Bitcoin, allocating 1% of its $811 million sovereign wealth fund to BTC ETFs. The approximately $8 million investment marks a shift from the fund’s conservative strategy of bonds and equities to include alternative assets. Treasury director says the allocation “strikes the right balance” while…
In brief Bitcoin is sliding away from its all-time high above $126,000, but predictors still see $140,000 hitting before $110,000. Myriad users swung the odds of a Polymarket token announcement wildly after a cryptic post from the firm’s founder. The MLB Playoffs have been filled with drama, creating a lot of volatility in the Mariners…
