Everything web3, crypto, defi, degen
In brief Galaxy Digital has purchased more than $700 million worth of Solana since Wednesday, on-chain data shows. The buys are likely tied to Galaxy’s backing of Forward Industries, poised to be the largest Solana treasury firm. Solana hit its highest price since January on Friday, topping $241 and rising 19% in the last week.…
In brief Four years ago, El Salvador made Bitcoin legal tender in the country. The country has been in the spotlight since then as its Bitcoin-loving president becomes a larger player on the world stage. President Bukele claims he still buys Bitcoin for the country—but the IMF says otherwise. Bitcoin advocates around the world are…
In brief The U.S. DOJ has filed a civil forfeiture action to recover over $500,000 in USDT from an Iranian national. Per the DOJ, Mohammad Abedini is founder of Iranian firm SDRA, which supplies technology used in Iran’s Shahed military drones. The USDT tokens were said to be kept in an unhosted cryptocurrency wallet, posing questions…
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 green, led by SOL; BTC at $115,000 SOL hits $238 on back of FORD DAT $1.65B raise; SOL memes +…
In brief Coinbase has accused the SEC of destroying nearly a year of former Chair Gary Gensler’s text messages. A recent SEC Inspector General report revealed texts from October 2022 to September 2023 were permanently erased during a critical crypto enforcement period. The U.S. exchange wants expedited discovery, sanctions, and immediate production after the SEC…
In brief Gemini will offer 16.67 million shares of GEMI between $24-26. Trading is set to begin Friday. Even after upsizing its IPO share price, reports indicate the firm’s public launch is massively oversubscribed. By going public, the firm hopes to join the wave of recent successful crypto IPOs like Circle, Bullish, and Figure. American…
In brief Rising demand from ETFs and DATs has scooped up 8.40% of Ethereum‘s market cap, according to digital asset bank Sygnum. Crypto-friendly regulation under Trump’s administration has helped drive massive capital inflow into Ethereum. The successful Pectra upgrade also played a key role in shaping Ethereum’s value proposition, analysts argued. Ethereum’s renewed bullish momentum…
In brief Metaplanet has finalized a $1.45 billion international share sale on Sept. 10. Most of the proceeds are allocated to Bitcoin purchases and income-generation operations. The company now holds 20,136 BTC worth $2.25 billion, making it the sixth-largest public corporate holder globally. Metaplanet is betting bigger on Bitcoin.The Tokyo-listed firm has locked in a…
In brief The SEC set November 12 as the new deadline for Grayscale’s Hedera Trust. Grayscale submitted updates for its Bitcoin Cash and Litecoin trusts, with both structured to list on NYSE Arca. The delayed decision adds to a wave of over 90 crypto ETF applications, including Solana and XRP products now pending before the…
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…
