Coinbase Newsletter Flags Rise of Pepecoin and BRC-20 Tokens, Irks Crypto Twitter
A Coinbase newsletter said meme coins allow investors to make big profits in a short period of time but warned of long-term investing in these tokens.Source
First Mover Asia: Expect Bitcoin to Hit $25.2K Soon: Strategist
ALSO: Bitcoin needs a compelling narrative to break from its current range, but that likely will not occur until next year, says the CEO of Web3 bond-market platform Umee.Source
Ether Selling Pressure Post-Shanghai Upgrade Was ‘Non-Event,’ Says Nansen
The number of staked ether has climbed to 19.55 million, a new all-time high, as ETH staking deposits surpassed withdrawals.Source
Aragon’s ANT Rallies After Cofounder Proposes Token Buybacks to End Activist Crisis
Aragon’s governance crisis began to subside Wednesday after the DAO builder’s cofounder proposed buybacks, seemingly siding with a key talking point of activist investors.Source
Crypto Derivatives Market Share Hits All-Time High
Binance continues to be the dominant crypto derivatives trading platform.Source
Uniswap Weighs Proposal to Enrich Token Holders, Switch on Liquidity Pool Fees
The plan to implement fees on all of Uniswap’s version two liquidity pools, and some of its version three pools, would funnel money to the protocol’s treasury and token holders.Source
Bitcoin Tends to Become More Volatile Around Monthly U.S. Inflation Releases: Kaiko
Monthly U.S. inflation readings influence the Fed policy, which impacts both crypto and traditional markets.Source
Are Cryptocurrencies an Inflation Hedge? Theoretically Yes, Factually No Says S&P
Some argue that crypto assets could be in demand in a high-interest rates/high inflation environment because they could serve as a store of value, however crypto’s track record is too short to prove this, S&P said.Source
Crypto Whales Accumulate Millions in Pepecoin as Trading Volume Shifts to Binance
Larger market participants are buying up the meme coin even as prices dunk, suggesting another leg up might be on the cards soon.Source