Everything web3, crypto, defi, degen
In brief BNB shows a complex market structure with spot buying rising as futures selling increases. Open interest is down 36%, with declining CVDs pointing to active selling or profit-taking. Oracle issues and depegs at Binance have caused a “drop in confidence” according to analysts, adding short-term pressure to the token. BNB’s long-standing uptrend could…
In brief The channel was briefly compromised late Wednesday, promoting a Solana-based token. An hour later, the PGL YouTube channel, run by the Romanian esports organizer behind Valve-sanctioned tournaments, was also reportedly hijacked to stream a fake Bitcoin giveaway. Decrypt independently verified screenshots of the compromised Dota 2 channel before the content was removed. The…
In brief More than $19 billion worth of crypto positions were liquidated on Friday amid a flash crash. Market experts believe that increased amounts of leverage in crypto could be creating systemic risk, with leverage cascades potentially becoming a more common occurrence. It comes as Hyperliquid and Aster have made high levels of leverage more…
In brief Coinbase added Binance’s BNB token to its listing roadmap on Wednesday. BNB is the fourth-largest digital asset by market capitalization. Coinbase delisted the Binance-branded BUSD stablecoin amid regulatory scrutiny in 2023. Coinbase added BNB to its listing roadmap on Wednesday, signaling support for the cryptocurrency issued by its biggest competitor, Binance.Offered to 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 fall as China trade war rhetoric escalates; BTC at $111k Gold hits another new ATH as Bitcoin and crypto lags…
In brief A Coinbase exec’s tweet has reignited interest in a long-dormant Binance charity fund this week. The $200,000 donation made in 2018 is now worth around $36 million. The money has been frozen amid years of legal and bureaucratic wrangling. Coinbase executive Conor Grogan has called for an old fund for Maltese cancer patients…
In brief Gold futures climbed above $4,200 per ounce Tuesday, setting a new all-time high. CoinGlass tracked more than $21 billion in crypto outflows from Binance over the past week. Analysts told Decrypt the divergence marks a short-term flight to safety, with capital temporarily shifting from crypto to gold ahead of key Fed signals. Gold…
In brief Binance unveiled the “Together Initiative,” setting aside another $400 million to reimburse users affected by recent crypto liquidations. Other partners in the BNB ecosystem have added another $328 million to help affected traders of meme coins and more on BNB Chain. BNB hit a new all-time high on Monday, but is down around…
In brief Conservative activist Laura Loomer’s tweet alleging a pro-Trump pardon lobby for Sam Bankman-Fried drew wide reaction on X. Reporting confirms Bankman-Fried’s parents have explored clemency options, but no registered lobbying effort has surfaced. Analysts and prediction markets put the odds of a pardon in the single digits despite rising political chatter. Conservative activist…
In brief Bhutan’s national digital ID platform will issue credentials through Ethereum. The system, initially built with Cardano developer IOG, is scheduled to undergo a full migration by early 2026. Observers warn that putting national IDs on public blockchains might raise privacy risks despite greater transparency. Bhutan has integrated its National Digital Identity platform with…
