Everything web3, crypto, defi, degen
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 jump on 401(k) news; ETH passes $3,900 SEC and Ripple drop legal battle for good; XRP jumps 7%…
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…
In brief Altcoins surged across the board Friday as major tokens, including XRP, XLM, and LINK, posted double-digit gains. Analysts called the rally a “rapid change in sentiment” driven by the removal of regulatory uncertainty, with XRP’s 10% jump leading broader crypto optimism. With the appeal dismissed and Trump’s crypto-friendly policies taking effect, traders are…
In brief Spanish bank BBVA will hold client funds in U.S. Treasuries, accepted by crypto exchange Binance as collateral for trades. The arrangement follows Binance’s $4.3 billion U.S. fine and FTX-driven demand for independent custody. Analysts say the move signals growing institutional trust and a maturing market infrastructure. Binance has tapped Banco Bilbao Vizcaya Argentaria…
In brief Trump has tapped Bitcoin-friendly economist Stephen Miran for a seat on the Federal Reserve Board. Bitcoin jumped 2%, topping $117,500 as traders expect looser Fed policy under Miran. Still, one analyst warns the Fed’s credibility could erode, echoing 1970s inflation risks. Bitcoin has shaken off the prior week’s market jitters to regain a…
In brief The order will stop banks from denying services to crypto companies. The order said “the digital assets industry has been unfairly targeted.” Decrypt first reported in March on plans for the order. U.S. President Donald Trump on Thursday signed an executive order that would prohibit debanking of crypto-related initiatives, continuing his administration’s onslaught…
In brief Large XRP holders have been sending funds to exchanges at an increased rate, according to CryptoQuant data. That could lead to an inflection point for prices, according to CryptoQuant Head of Research Julio Moreno. XRP’s price fell after whale inflows spiked in July. XRP’s price could face short-term pressure as the asset’s largest…
In brief Cameron and Tyler Winkelvoss have invested an undisclosed amount of BTC in the Trump-tied American Bitcoin, a crypto mining firm. American Bitcoin bought roughly $2 billion in Bitcoin earlier this summer. The mining firm was formed this year through a merger with Gryphon Digital Mining Inc. in an all-stock deal. Gemini founders and…
In brief Another Bitcoin whale awakened on Thursday, moving $349 million of the largest cryptocurrency by market value. The whale had not moved the crypto for 10 years, blockchain data shows. A number of long-term investors have recently moved digital coins after years of dormancy. Another long-slumbering Bitcoin whale has awakened, moving 3,000 BTC worth…
