Sportswear giant Adidas has teamed up with Ethereum NFT collection Doodles to sell virtual swag packs that could let buyers claim exclusive physical apparel. The limited-edition collectible packs, each of which includes two items, will be available for purchase until August 16, Adidas and Doodles said Friday in a joint statement. A single pack retails for $4,99, while prices for bundles containing between two and 100 packs range from $8.49 and $374.99, respectively, according to the Adidas Origi...
SEC Punts on Decision for Hashdex Combined Bitcoin and Ethereum ETF
The United States Securities and Exchange Commission (SEC) has delayed its approval decision regarding the Hashdex Nasdaq Crypto Index US ETF, a proposed exchange-traded fund (ETF) that aims to hold both Bitcoin and Ethereum. The SEC on Friday released a filing stating it would extend the initial 45-day review period for the Hashdex ETF proposal. The Commission has set a new deadline of September 30 to either approve, disapprove, or initiate proceedings to determine whether to disapprove the p...
Ethereum Price Jumps 10% as Grayscale ETF Outflows Slow
Ethereum jumped by double-digits Friday morning to over $2,700, outpacing Bitcoin and Solana as the crypto market continued to recover ground lost during Monday's crash. The price of Ethereum is currently around $2,664, up 9.6% on the day, per data from CoinGecko—though it remains down by over 15% on the week. Volume is up by 5% in the past day, while open interest has jumped by 15%, per data from Coinglass. That suggests investors are feeling more confident in Ethereum's trajectory, something m...
How Midnight Society Moves Forward After Dr. Disrespect 'Shock'—And What's Next for Deadrop
More than a month after famed gaming influencer Dr. Disrespect was dropped by Midnight Society, the studio building the first-person shooter Deadrop, the team has broken its silence in an exclusive interview with Decrypt’s GG—to discuss removing the popular streamer from the company, and how the game can move forward without him. Dr. Disrespect, aka Guy Beahm, was alleged to have inappropriately chatted with a minor. The streamer later admitted to having conversations with a minor that “leaned t...
Peru Surprisingly Cuts Rate, Shrugging Off Core Inflation Worry
(Bloomberg) -- Peru unexpectedly cut its benchmark interest rate Thursday, shrugging off concern that core inflation remains stubbornly high and that the economy is already growing faster than expected without the need of monetary policy support. Most Read from BloombergHow a Tiny Midwestern Town Became a Mecca for Modern ArchitectureAfrica’s Richest City Needs $12 Billion to Fix InfrastructureNYC Subway Riders See ‘Exceptionally High’ Air PollutionNew York City Paid $2 Million for Empty Hotel R
Do Kwon’s Extradition from Montenegro Postponed Yet Again
Kwon has been held in the Balkan country since his arrest in March 2023.
Crypto for Advisors: Bitcoin and Lending
Bitcoin’s emergence in collateral structures has the potential to revolutionize the lending landscape. Its ability to mitigate credit risk amid escalating uncertainties highli...
Gyroscope Rolls Out Yield-Bearing Version of Stablecoin Targeting Over 10% Yield
The Galaxy-backed project aims to attract DAO treasuries to allocate to its new stablecoin.
CoinDesk 20 Performance Update: Index Rallies 7.1%, Led by XRP's 17.5% Gains
Also leading the index higher was SOL, which climbed 8.9%.
Wall Street rallies to its best day since 2022 on encouraging unemployment data; S&P 500 jumps 2.3%
U.S. stocks rallied Thursday in Wall Street’s latest sharp swerve after a better-than-expected report on unemployment eased worries about the slowing economy. The S&P 500 jumped 2.3% for its best day since 2022 and shaved off all but 0.5% of its loss from what was a brutal start to the week. The Dow Jones Industrial Average rose 683 points, or 1.8%, and the Nasdaq composite climbed 2.9% as Nvidia and other Big Tech stocks helped lead the way.