Daily #Web3 Market

16 Oct 2024

CoinDesk Buys Crypto Data Provider CCData and CryptoCompare

CoinDesk plans to integrate CCData's platform into its existing products... Read more

Open Interest on CME Bitcoin Futures Hits All-Time High, Signals Further Bullishness

CME Bitcoin Futures Open Interest Hits All-Time High with Third-Largest Five-Day Increase... Read more

How a Crypto 'REIT' Misled Investors With Family Deals and 'Unjustified' Real-Estate Markups

The 2023 crash of Tangible's USDR stablecoin is infamous in crypto circles... Read more

Grayscale Looks to Turn Multi-Token Fund Into ETF

Grayscale Investments has filed to turn its multi-token fund, the Grayscale Digital Large Cap Fund, into an exchange-traded fund... Read more

Is Elon Musk Selling Bitcoin? Tesla Transfers All $760M of Its BTC to Unknown Wallets.

On-chain data indicates that wallets associated with Elon Musk's electric car company have begun moving funds... Read more

Bitcoin dominance hits 3.5-year high as altcoins get left behind

Bitcoin’s market share neared 60%, hitting its highest level since April 2021, while altcoins were muted in the last 24 hours. Read more

Praxis gets $525M for utopic crypto, AI-friendly city

Praxis, a self-described internet-native alliance, said it received $525 million in funding to build a lesser-regulated tech-friendly city. Read more

Grayscale files to convert multi-crypto fund into ETF

Grayscale asked the SEC for permission to convert its $524 million fund tracking multiple cryptocurrencies — including Bitcoin, Ether and Solana — into an ETF. Read more

Bitcoin open interest soars to 1-year high as BTC price rallies toward $68K

Demand for leverage in BTC futures jumped to $38 billion, but traders appear well-positioned enough to avoid surprise price swings. Read more

Canary Capital files S-1 for Litecoin ETF

Only days earlier, Canary filed to create an XRP ETF in what analysts dub a “call option” on the November US presidential elections. Read more

Google’s nuclear power plan could revolutionize cryptocurrency mining

The advent of small modular reactors should make on-site nuclear energy economically feasible at scale. Read more

Crypto market matured ‘dramatically’ in 2024: Coinbase

Range-bound price action shouldn’t obscure the fast progress being made in bringing institutions and users onchain, Coinbase and Glassnode said in a Q4 report. Read more