Everything web3, crypto, defi, degen
In brief Forward Industries unveiled a $1.65 billion private placement in public equity. The firm will accumulate Solana, with support from several firms. Forward’s stock price soared 92% pre-market, but then fell. It’s still up 40% on the day, as of this writing. Forward Industries unveiled a $1.65 billion private placement in public equity, or…
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 Hong Kong-based Hashkey Group has announced plans for a fund bridging tradfi and crypto. The DAT fund will target over $500 million in its first phase with a focus on Bitcoin and Ethereum projects. The structure is designed as a perpetual vehicle allowing regular subscriptions and redemptions. HashKey Group, a Hong Kong-based digital…
In brief Wall Street will advance privacy on Ethereum, according to Danny Ryan. Etherealize is building infrastructure for trading and settling tokenized equities. The company plans on leveraging zero-knowledge proofs. Privacy advocates should be cheering on Wall Street’s adoption of cryptocurrencies, according to Etherealize co-founder and President Danny Ryan.As markets move on-chain, financial institutions are…
In brief Dogecoin is one of the most valuable cryptocurrencies on the market, but it’s down 70% from its 2021 peak. While Bitcoin, Ethereum, and XRP all recently set new peaks, Dogecoin isn’t enjoying the same momentum. Experts tell Decrypt that the digital asset lacks use cases. Can a DOGE ETF really make a difference?…
In brief SharpLink Gaming plans to stake part of its $3.6 billion ETH holdings on Linea network for higher yields, moving beyond traditional custodians Anchorage and Coinbase. SEC and CFTC leaders announced they’re considering 24/7 trading markets to align with crypto’s always-on nature, marking another potential Trump administration change to financial markets. Bitcoin miners hit…
In brief Sora Ventures aims to raise $1 billion to help bolster Bitcoin treasuries in Asia The firm seeks to accumulate a further $800 million for BTC over the next six months. Last year, Sora invested in Metaplanet, the largest Bitcoin treasury firm in Asia. Crypto venture capital firm Sora Ventures aims to raise $1…
In brief SharpLink Gaming will explore staking part of its Ethereum holdings to the Linea network once it hits mainnet, as the firm looks to expand its yield-bearing opportunities. Joseph Chalom, co-CEO of SharpLink, told Decrypt that the treasury company is currently staking almost the entirety of its holdings through its custodians, but this is…
In brief SEC and CFTC leaders proposed a “24/7 Markets” policy to bring U.S. securities trading online around the clock, citing the nonstop nature of crypto and global markets. They also floated plans to ease rules for prediction markets, perpetual derivatives, and DeFi trading in line with a unified “super-app” model for finance. Critics warned…
In brief Stablecoin issuer Tether has held talks on investing in gold miners and royalty firms, after already acquiring $8.7 billion worth of bullion. Meanwhile, El Salvador bought nearly 14,000 ounces of gold for $50 million, its first central bank purchase since 1990. Tether CEO Paolo Ardoino has previously described gold as “natural Bitcoin,” and…
