Everything web3, crypto, defi, degen
In brief Developer activity is rising again after a post-FTX slump, led by Ethereum, Solana, and zero-knowledge projects. Stablecoin transactions now top $9 trillion annually, showing steady real-world use. Andreessen Horowitz says U.S. regulation is “finally normalizing,” but warns volatility and fraud still threaten progress. The cryptocurrency industry is no longer a niche experiment, but…
In brief Robinhood signaled that it would list BNB on its platform. The Binance-linked token is valued at $149.5 billion. Coinbase signaled support for the token not long ago. Robinhood unveiled support for BNB on Wednesday, making the fourth largest cryptocurrency by market capitalization available to customers on its platform in the U.S.The announcement, which…
In brief Wallets tied to alleged scammer Chen Zhi have moved about $1.7 billion in Bitcoin recently sanctioned by the U.S. Treasury, per Arkham Intelligence. The 15,959 BTC transfers appear tied to Chen’s Prince Holding Group, which prosecutors say ran a global crypto fraud and forced-labor network. Chen remains on the run, as investigators question…
In brief The NHL has signed multi-year licensing deals with prediction market startups Kalshi and Polymarket. Weekly prediction market volume surpassed $2 billion for the first time, with sports betting driving $414.7 million in volume last week. Major funding rounds have propelled valuations, with Kalshi recently raising $300 million and Polymarket securing $2 billion. The…
In brief Crypto exchanges are starting to delist the Kadena (KDA) token. The company behind the Kadena network said Tuesday that it’s closing down due to market conditions. KDA has plunged in price since the announcement, currently down 65% over the last day. Kadena’s KDA token is being removed from prominent crypto exchanges after the…
Throughout the quarter, Kraken accelerated that momentum – introducing new product categories, enhancing client experiences and expanding platform-wide capabilities to strengthen our full product suite. Our results demonstrate the scalability of our multi-product platform and the resilience of our model in a fast-changing market. By pairing innovation with discipline, we continue to lay the foundation…
In brief FalconX has agreed to acquire 21Shares, one of the largest crypto exchange-traded product providers, though terms of the deal remain undisclosed. The companies said the deal will combine their infrastructure and product capabilities across the U.S., Europe, and Asia. 21Shares will remain independently managed under FalconX, with CEO Russell Barlow continuing in his…
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 reverse and flip red; BTC -1% at $107,500 BTC ETF inflows reach $477M, not enough to counter selling DraftKings acquires…
In brief Stock exchanges in Hong Kong and India have rejected companies attempting to pivot to Bitcoin treasury strategies, with none receiving regulatory approval in recent months. Experts have questioned if digital-asset treasuries are justified, warning they risk becoming “volatility arbitrage shells disguised as leveraged Bitcoin plays” that harm retail investors. Jetking Infotrain’s Siddarth Bharwani…
In brief U.S. Senator Cynthia Lummis (R-WY) has urged the Consumer Financial Protection Bureau to finalize its open banking rule, warning that banks have restricted access to industries they oppose, including digital assets. The rule, finalized on October 22, 2024, allows consumers to share financial data with third-party apps via APIs, critical infrastructure for connecting…
