Everything web3, crypto, defi, degen
In brief Bitwise’s Solana ETF BSOL drew $69.5M in debut inflows on Tuesday.. The fund’s low 0.20% fee and direct staking approach contrasts with Rex-Osprey’s Solana Staking ETF. Strong ETF demand comes amid Solana’s 3.1% price decline on the day to $194. Bitwise Asset Management’s spot Solana ETF is off to a promising start.On Tuesday,…
In brief Bitcoin miner TeraWulf said Tuesday that it is expanding its partnership with Fluidstack. The company in August announced Google-backed plans to expand into the world of AI. TeraWulf’s stock climbed nearly 17% on Tuesday. On a largely bleak Tuesday for Bitcoin mining stocks, TeraWulf’s share price soared nearly 17% after the Nasdaq-listed firm…
In brief Mt. Gox was the world’s largest Bitcoin exchange until it shut down in 2014 after discovering large-scale BTC thefts. Some 850,000 Bitcoin was stolen over the course of years due to a vulnerability in Bitcoin’s code. After Feds recovered 140,000 BTC in 2023, repayments to Mt. Gox users are finally underway… but the…
In brief Bitcoin trading at $115,542, nearly 1% above the critical $114,200 monthly open level. Technical indicators show bullish momentum after a major correction earlier this month. Sentiment on prediction markets remains strong, but the upcoming Fed meeting and trade talks with China could swing things in either direction. It’s been an up and down…
In brief The Federal Reserve is almost certain to cut interest rates Wednesday, with traders predicting a 97.8% chance of a 25-basis point cut, though the impact on crypto markets remains uncertain. Analysts say ending quantitative tightening could create a “tailwind” for Bitcoin by signaling higher inflation tolerance, with Bank of America and JP Morgan…
In brief Approximately 1,000 Bitcoin mining machines stolen in Grant County, Indiana were recovered in the Chicago area. Authorities also thwarted a $75,000 frozen turkey theft during the same investigation. It comes as crypto mining continues to expand in the Midwest. Police in Indiana have recovered 1,000 Bitcoin mining machines stolen from a hijacked shipment…
In brief BlackRock CEO Larry Fink described crypto and gold as “assets of fear” at the Future Investment Initiative in Riyadh, citing investor concerns over currency debasement and financial security. IMF forecasts show the U.S. debt-to-GDP ratio will reach 143.4% by 2030, exceeding Italy and Greece for the first time this century, with deficits above…
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 slightly after weekend rally; BTC -1% at $114,500 SOL holds $200 ahead of Bitwise BSOL ETF launch today (with…
In brief Coinbase offers Bitcoin-backed loans as a technology provider. The exchange’s competitors have state-by-state licenses. Coinbase applied for a national trust charter this month. As Coinbase leans into its Bitcoin-backed lending product, the exchange is offering customers competitive rates by connecting them with lightly vetted pools of capital, which don’t require people to provide…
In brief Bitcoin’s open interest nears $40B as traders price in a likely Fed rate cut. Users of prediction market Myriad hint at a 92.6% chance of a quarter-point cut this week. Experts warn that leverage-driven volatility is a risk, despite a bullish outlook. Bitcoin traders are building leveraged positions across the crypto derivatives market…
