Everything web3, crypto, defi, degen
In brief Crypto exchange TradeOgre stopped working months ago. Canadian police said they shut down the exchange and seized $56 million CAD ($40.5 million USD) in crypto from the platform. The Royal Canadian Mounted Police said it was the country’s biggest crypto seizure. Canadian police have confiscated $56 million CAD ($40.5 million USD) in digital…
In brief Publicly traded Helius Medical Technologies announced that it’s raising $500 million to establish a Solana treasury. The firm’s stock price rose by more than 141% as of the close of trading Monday. Helius Medical Technologies is not affiliated with notable Solana infrastructure startup, Helius. Medical devices manufacturer Helius Medical Technologies has raised $500…
In brief Tokenized Pokémon cards are having a moment. Some developers think that the NFTs can serve as collateral in DeFi. Leading tokenized cards platform Courtyard isn’t exploring that, according to its CEO. A pseudonymous developer in Canada knows that his project’s target demographic cares little about crypto or decentralized finance. For the most part,…
In brief GameStop disclosed 4,710 BTC on its balance sheet, valued at $528.6 million with $28.6 million in unrealized gains. Net loss narrowed to $18.5 million from a $44.8 million profit in Q1. Revenue slipped to $673.9 million from $732.4 million while operating costs fell as collectibles sales rose. GameStop narrowed its quarterly loss after…
In brief Bitcoin reclaimed $109,000 Monday morning, after dipping to $107,500 over the weekend. Ethereum has sagged 1.5% on the day to $4,406 amid a broader 4.3% weekly drop. Despite this, Ethereum dominated institutional crypto inflows, accounting for 57% of the $2.48 billion that the market attracted, according to CoinShares. Bitcoin regained $109,000 Monday morning…
In brief China has set targets for AI adoption, seeking 70% penetration by 2027 and 90% by 2030. The policy mandates integration of AI across industry, governance, and public services. The move underscores Beijing’s bid to outpace Western rivals in artificial intelligence. China is aiming to achieve a 70% penetration rate of AI technologies within…
In brief American Bitcoin is reportedly eyeing a Nasdaq debut in September. The firm is 80% owned by Bitcoin miner Hut 8. American Bitcoin owned 215 Bitcoin in June. American Bitcoin, a Bitcoin miner that’s partially owned by two of U.S. President Donald Trump’s sons, is inching closer to its public debut, targeting September for…
In brief Hut 8’s expansion plans mean its stock will rise and is worth buying, according to investment bank Benchmark. The Bitcoin miner on Tuesday unveiled plans to develop 1.53 gigawatts of new capacity across four U.S. sites. Hut 8 earlier this year signed a deal to contribute its Bitcoin mining equipment and help debut…
In brief Nasdaq-listed Kindly MD filed an automatic shelf registration for up to $5 billion. The move follows a $679 million Bitcoin purchase through its subsidiary. Analysts warn Bitcoin-focused treasuries may drain liquidity from altcoins. Nasdaq-listed healthcare firm Kindly MD filed an automatic shelf registration statement with the SEC on Tuesday, electing to distribute up…
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 are red again, down another 2%; BTC at $113,200 Wyoming introduces its stablecoin FRNT, first-ever from a public entity Goldman…
