Everything web3, crypto, defi, degen
In brief A whale trading on Hyperliquid that made millions shorting BTC and ETH last week is now shorting Bitcoin again. The trader added $40 million USDC to Hyperliquid on Monday, using it to short Bitcoin with 10x leverage. The open position is currently yielding around $700,000 in unrealized profits. A whale that earned close…
In brief The Singapore High Court has approved WazirX’s debt restructuring scheme with modifications. The platform will resume operations within 10 business days once the scheme becomes legally effective. 95.7% of voting creditors backed the amended plan in the August 2025 revote. Embattled crypto exchange WazirX secured court approval for its debt restructuring plan on…
In brief Binance said its systems remained operational during the $19 billion market-wide liquidation, attributing reports of tokens hitting zero to a display error. Affected assets that depegged on the exchange included USDe, BNSOL and wBETH. Analysts described the payout as rare and likely aimed at restoring confidence in the post-CZ era. Crypto exchange Binance…
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.🧨 A Historic Flush: ~$19B in Crypto LiquidationsFriday wasn’t just a bad day for crypto.It was the worst day in crypto’s existence.And all due to a miscommunication at…
In brief TAO, MNT, WLF, ASTER, DOGE and BNB are among the altcoins leading the post-crash recovery, with gains of up to 30%. Analysts told Decrypt that their utility, liquidity depth, and strong narratives are driving the rebound. Experts project a market consolidation phase through the second half of October. A handful of altcoins are…
In brief Options traders buy more downside protection after the crypto’s largest liquidation event, Decrypt was told. Bitcoin’s $115,000, $95,000, and Ethereum’s $4,000, $3,600 strikes are seeing a high demand, according to options data. Experts remain cautious of the weekend rally, citing it as a “recalibration” move amid persisting structural risks. The crypto market is…
In brief McAfee has uncovered a Trojan campaign that uses GitHub to redirect malware to new servers whenever existing servers are taken down. The malware is primarily targeting countries in South America, with a particular focus on Brazil. The virus is uploaded via phishing emails, and is capable of stealing banking and crypto credentials. Hackers…
In brief Fox Business’s Charles Gasparino reported internal White House talks about pardoning Changpeng “CZ” Zhao. Binance founder CZ, who resigned as CEO in 2023 and served prison time, remains its largest shareholder. A pardon could reopen U.S. markets to Binance and signal an even friendlier crypto policy under Trump. Is the Trump administration seriously…
If you looked away from crypto markets on Friday, then you missed a record-breaking bloodbath.Following a Friday morning threat from U.S. President Donald Trump to unleash “massive” new trade tariffs on China, crypto prices began to plunge alongside stocks, representing widespread concern from investors. And then crypto declines rapidly accelerated late in the afternoon when…
In brief Aster has delayed its airdrop from October 14 to October 20, due to “potential data inconsistencies” leading to miscalculated token allocations. The announcement said that “for most users,” the new figures should not be lower than what they have already been shown. It comes just hours after the airdrop checker went live, which…
