Everything web3, crypto, defi, degen
In brief The conditions were outlined in a letter published Tuesday by Sen. Ruben Gallego, the top Democrat on the Senate Banking Committee’s Subcommittee on Digital Assets. The letter underscored the willingness of the group to pass crypto legislation so long as it was meaningfully bipartisan. The letter also requests numerous additions to the Senate…
In brief Multiliquid CEO Will Beeson has argued yield is important for stablecoins to scale in a competitive market. The GENIUS Act banned issuers from paying interest but leaves openings for third-party arrangements. Banks have warned loopholes could drive trillions in deposits out of the U.S. banking system. The clash between Wall Street and the…
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 mostly green, SOL leads; BTC at $112,000 Forward Industries announces $1.65B SOL DAT led by Galaxy, Multicoin & Jump BMNR…
In brief The draft legislation attempts to close loopholes and updates rules for evolving risks. The new change-in-control threshold for crypto firms would be lowered to 10%. A consultation will be open until September 30, with regulations to be put before Parliament in early 2026. The UK’s HM Treasury released a draft of proposed changes…
In brief U.S. Bank, the fifth largest bank in the United States by assets, is offering Bitcoin custody services again. The service will be for institutional investment managers. U.S. Bank first announced the service in 2021 but had to pause it. Financial services giant U.S. Bank has restarted its crypto custody operations after pausing the…
In brief Polygon’s Aishwary Gupta says no Indian government department wants ownership of stablecoin regulation, creating bureaucratic deadlock across agencies. Gupta estimates India could save $68 billion annually through stablecoin integration, but regulatory uncertainty prevents banks from acting. 80-85% of India’s top crypto talent has relocated internationally, Gupta said, while Asian neighbors advance clear stablecoin…
In brief Solana validators passed a proposal to implement Alpenglow, a reworking of Solana’s consensus protocol. The implementation will make Solana transaction finality at least 5x faster, making apps and deposits on-chain quicker. Alpenglow is expected to be on testnet by December with a mainnet release in Q1 2026. Solana is about to get a…
A federal judge on Friday handed prison terms totaling nearly eight years to two former executives at failed crypto lender Cred, whose actions fueled one of crypto’s worst investor losses.Legal experts told Decrypt that the sentences establish new precedents for executive accountability in crypto fraud cases.Daniel Schatt, former CEO and co-founder of Cred LLC, received…
In brief Binance has appointed SB Seker as Head of Asia-Pacific on Monday, who brings over 20 years of legal and regulatory experience. The hiring comes weeks after AUSTRAC ordered Binance Australia to undergo an independent audit, citing “serious concerns” about anti-money laundering controls vulnerable to illicit money flows. Industry experts view the appointment as…
In brief Tech giants like Google and Amazon are betting on AI agents, and Ethereum developers believe their blockchain is uniquely positioned to power this new machine economy. Ethereum core developer Davide Crapis has proposed ERC-8004, a standard for AI agents to discover, verify, and transact with one another. Supporters argue Ethereum’s payment rails, digital…
