Everything web3, crypto, defi, degen
In brief Blockstreet is creating a complimentary ecosystem for USD1, the Trump-backed stablecoin. Co-founder Kyle Klemmer believes that it will outmatch all other stablecoins by 2028. World Liberty Financial’s WLFI governance token becomes tradable on Monday. By the time U.S. President Donald Trump’s second term is over, USD1 will have become the world’s most dominant…
WHY IS CRYPTO DOWN? ETH LEADS CRYPTO LOWER, PCE INFLATION TODAYETH leads majors lower, BTC ETF inflows flip ETH. US partners with LINK & PYTH to put data onchain. US to create path for offshore exchanges to return. 92 crypto related ETPs in the works. 21Shares files for SEI & HYPE ETFs. Binance futures trading…
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 deep red down 3-6% ahead of PCE; BTC at $110,000 U.S. Commerce Dept begins publishing GDP data to blockchain with…
In brief Fenwick & West moves to dismiss lawsuit alleging the law firm aided FTX’s multi-billion dollar fraud, arguing it had no knowledge of wrongdoing. Firm claims it only provided “routine and lawful legal services” despite bankruptcy examiner finding “exceptionally close relationships” with FTX leadership. Lawyers argue plaintiffs are recycling allegations from a dismissed case…
The U.S. Commodities Futures Trading Commission issued new guidance on Thursday for foreign firms, saying they now have a pathway to operating legally in the U.S.The regulator said in a blog post that it had put out new guidance regarding its foreign board of trade registration framework, which would apply equally to both traditional and…
In brief REX Shares and Osprey Funds have filed for a BNB ETF, which would seek to stake most of its assets. The filing has been submitted under the Investment Company Act, as with the Rex-Osprey Solana + Staking ETF that debuted in July. The fund would be listed on Cboe BZX Exchange, and its…
In brief WLFI is expected to become tradable on Monday The token could decimate retail investors, analysts at Compass Point said. A lot of WLFI tokens were earmarked for insiders and early supporters. Analysts at investment bank Compass Point expect potential pitfalls for investors in the World Liberty Financial token when it hits the market…
In brief Rumors circulated the internet over the weekend that Cristiano Ronaldo was set to release an official meme coin. As a result, several fake tokens were launched with one touching a $143 million market cap before crashing down 98% all within 15 minutes. On-chain analysis firm Bubblemaps told Decrypt it was likely an organized…
In brief AUSTRAC has directed Binance Australia to nominate external auditors within 28 days after identifying “serious concerns” with anti-money laundering controls. The regulator flagged inadequate reviews, “high staff turnover,” and insufficient local management oversight at the platform. This action adds to a string of regulatory measures, including a $5.1 million fine for Kraken and…
In brief Crypto stocks surged on Fed Chair Powell’s dovish Jackson Hole speech hinting at September rate cuts, with Ethereum treasury companies and Bitcoin miners leading gains of 8-15%. Bitcoin ETFs bled $1 billion over five consecutive days while Ethereum ETFs rebounded with $288 million in net inflows on Thursday. Blockchain lender Figure Technologies filed…
