Everything web3, crypto, defi, degen
TL;DR Macro set the mood: the hosts discussed US–China headlines, a widely expected 25 bps Fed cut and a cooler CPI print alongside a mixed earnings season. Crypto = range city: BTC and ETH both sat between big support and big resistance, producing fake-outs in both directions. Alts: First things first: Alts got absolutely murdered…
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:💰 Tether Prints $10 Billion in ProfitTether is the most profitable company nobody talks about.And the stablecoin giant just posted numbers that would…
In brief Coinbase exceeded Q3 expectations with $1.9 billion in revenue, driven by rebounding trading volumes and profitable services including its Ethereum L2 Base. BlackRock’s Bitcoin ETF IBIT saw major outflows of $290.8 million on Thursday as Bitcoin dropped below $110,000, though its cumulative inflows remain strong at $88 billion. REX Shares launched ULTI, a…
In brief Coinbase CEO Brian Armstrong rattled off a handful of words after seeing prediction market on his firm’s earnings call. The stunt, which Armstrong called spontaneous, has drawn mixed reviews from industry observers. Some users praised Armstrong’s antics, while others likened it to market manipulation. Coinbase CEO Brian Armstrong helped some prediction market users…
Claims that Binance helped with Trump Launch for CZ Pardon! Coinbase $1.9B in revenue!Crypto majors are down 1-3% after a major post-fomc dip yesterday; btc -3% at $110,100, eth -3% at $3,900, bnb +1% at $1,120, sol -2% at $192. Zec (+2%) and aero (+2%) led top movers. 870m+ was liquidated from the crypto market…
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 2-3% after Powell says rate cut not certain in December US Senator claims Binance helped with TRUMP launch for…
In brief Coinbase disclosed $1.9 billion in Q3 revenue. The exchange notched $433 million in Q3 profit Transaction revenue rose on a sequential basis, Coinbase said. Coinbase reported $1.9 billion in third-quarter revenue on Thursday, a 26% increase quarter-over-quarter that slightly surpassed Wall Street forecasts.Analysts expected the San Francisco-based crypto exchange to disclose $1.8 billion…
In brief SpaceX made another Bitcoin transfer on Wednesday, per on-chain data from Arkham. Elon Musk’s company has not yet commented on its recent flurry of Bitcoin transfers. The company holds $894 million worth of Bitcoin, making it the fourth-largest among private corporate BTC treasuries. SpaceX, the privately held aerospace company led by tech billionaire…
In brief Key metrics such as ETF flows, Coinbase Premium, and the CME basis signal a decline in U.S. institutional demand for Ethereum. Experts cite a closed Grayscale arbitrage window and a broader macro risk reassessment as primary causes. The long-term outlook remains bullish, contingent on Ethereum’s utility and real-world asset adoption. Demand for Ethereum…
In brief The deal would outpace Stripe’s massive $1.1 billion purchase of stablecoin startup Bridge last year. Stablecoin activity has mushroomed with tokens’ total market cap increasing by about $100 billion year-to-date. Last month, Morgan Stanley teamed with Zerohash to enable E*Trade customers to trade Bitcoin, Ethereum, and Solana. Credit card giant Mastercard is reportedly…
