Everything web3, crypto, defi, degen
In brief Investors put over $1 billion into Ethereum ETFs on Monday, breaking the single-day record. The surging investment shows that people finally understand the cryptocurrency, Bloomberg analyst Eric Balchunas told Decrypt. Ethereum’s price is now close to breaking a new all-time high, topping $4,500 on Tuesday for the first time since 2021. Investors threw…
In brief Bitcoin Depot’s profits rose 183% year-over-year. The Bitcoin ATM Operator owned $11.5 million worth of Bitcoin, as of June 30. The company added 6 BTC to its coffers over the period. Bitcoin Depot reported a second-quarter profit of $12.3 million on Tuesday, attributing the 183% increase compared to a year ago partly to…
In brief Open interest in ETH futures positions surged to over $57 billion on Tuesday. ETH also topped all other coins in liquidations, as the token takes center stage for investors. The attention is largely thanks to ETH’s surging price, which is now closer to eclipsing its all-time high than at any point since 2021.…
In brief Wisconsin Democrats have introduced two identical bills within weeks to tighten rules on crypto kiosks amid rising fraud losses. The proposals require money transmitter licenses, strict ID verification, fraud alerts, and caps on fees and daily transaction limits. Lawmakers cite a 99% surge in fraud complaints in 2024, with reported victim losses nearing…
In brief Zora token surged 43% in 24 hours, gaining 129% weekly and 1,566% monthly following strong platform adoption. The Ethereum Layer-2 platform rewards creators for content sharing and was added to Base App in July for easier access. Recent surge driven by spike in coin creation activity (47,000 new tokens Sunday) and new Binance…
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 sell off after big overnight pump; BTC at $120,500 ETH soars to $4,350 in big weekend run; Punks hit $235k…
In brief BNB Network Company spent $160 million from its $500 million treasury plan to buy 200,000 BNB, becoming the largest corporate holder of the token. The move is part of a shift toward BNB Chain’s ecosystem, which the company says has 250 million users but little U.S. institutional exposure. Executives and analysts are split…
In brief Bitcoin’s dominance fell to 57.8% of the crypto market. XRP and Dogecoin led gains among altcoins. Altcoin season could happen, but it probably won’t hit the same way, according to Hashdex’s Gerry O’Shea. XRP and Dogecoin led altcoins higher on Friday as Bitcoin’s dominance fell to a 12-day low.The Ripple-linked token was recently…
In brief Chainlink announced the creation of a LINK reserve on Thursday. The reserve will be funded by the revenue generated via on-chain and off-chain services. Large holders have scooped up 0.67% of the token’s supply in the first week of August. The launch of Chainlink’s LINK reserve on Thursday comes on the back of…
In brief Anchorpoint, a new joint venture between Standard Chartered and Animoca Brands, will apply for a license under Hong Kong’s new stablecoin framework. Hong Kong launched its fiat-referenced stablecoin licensing regime at the start of August. Animoca Brands’ Yat Siu told Decrypt that regulation could unlock stablecoin adoption and innovation. Standard Chartered and Animoca…
