Everything web3, crypto, defi, degen
In brief On- and off-ramp companies are attractive M&A targets, according to VanEck Ventures’ Juan Lopez. They are increasingly being viewed as valuable touch points for facilitating payments through stablecoins, he said. In the past, they were viewed primarily as a way to fund crypto exchange accounts. Companies that serve as connective tissue between digital…
In brief A growing queue to unstake ETH could put sell pressure on Ethereum, according to a Bitwise analyst. Ethereum’s validator exit queue hit 855,158 ETH worth roughly $3.7 billion on Friday. Ethereum’s price dipped more than 3% on Friday, shortly after the token nearly hit a new all-time high. Ethereum holders are increasingly lining…
In brief Digital Currency Group has sued its subsidiary Genesis, the now-shuttered crypto lender. The crypto giant claims that a $1.1 billion loan it made to Genesis was more than enough to cover its losses following its 2022 collapse—and that the firm has actually profited. The latest lawsuit comes after Genesis in May sued Digital…
For many years, the idea that publicly traded corporations might buy Bitcoin for their reserves was considered laughable. The top cryptocurrency was considered too volatile, too fringe to be embraced by any serious business.That taboo has been well and truly broken, with a number of major institutional investors buying up Bitcoin in recent years.The floodgates…
In brief New York State Assemblymember Phil Steck proposed a 0.2% excise tax on cryptocurrency transactions. He estimates that the tax would generate $158 million annually, based on Chainalysis data from 2022 to 2023 and recent GDP statistics. The revenue would help combat substance abuse in upstate New York. New York Assemblymember Phil Steck introduced…
In brief Authorities in Texas have seized $2.8M in crypto, $70K cash, and a luxury car from alleged ransomware operator Ianis Aleksandrovich Antropenko. Antropenko is accused of using Zeppelin ransomware to extort victims worldwide. Crypto-related crime losses in the U.S. surged 66% in 2024 to $9.3 billion. Texas authorities have charged an alleged ransomware operator…
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 red on the day, BTC dominance rebounds; BTC at $119k ETH ETFs see another top 5 day, outpace BTC 3.3:1…
In brief Taiwan-listed company WiseLink has led a $10 million raise for Top Win International, a Hong Kong-based luxury watch trader and retailer adopting a Bitcoin treasury strategy. The companies say this is the first instance of a Taiwan-listed firm backing a Bitcoin treasury company. Financially, WiseLink is profitable with growing revenue; Top Win is…
In brief Providers must use cold wallets with air gapped hardware, apply whitelisting and among other requirements, the regulator said Friday. A separate public consultation would license custodians of client assets and transfer tools, including private keys. The new standards sit under its broader roadmap for regulating digital assets and aims to strengthen trust and…
In brief Police have detained convicted drug trafficker Tomas Jirikovsky and seized assets in connection with a $45 million bitcoin donation to the Czech Ministry of Justice. The case, now focused on suspected money laundering and drug trafficking, was split from a broader probe disclosed in May. The scandal has fueled political fallout, including a…
