Everything web3, crypto, defi, degen
In brief Bitwise has filed with the SEC for a Chainlink ETF that would directly hold LINK tokens, using Coinbase Custody as the custodian. The ETF would offer in-kind creation and redemption, allowing investors to exchange LINK tokens directly for shares. LINK traded around $24.27 following the news, down 1.1% amid broader crypto market weakness.…
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 SubstackGM!Today’s top news: Crypto majors red but moving higher after Trump moved to fire Fed Governor Lisa Cook ETH ETFs see $444M in net inflows,…
CRYPTO FALLS, HYPE LEADS L1S, NVIDIA RESULTS TODAYBTC falls to $108k then rebounds. $758m of liquidations as market falls. Biggest BTC deviation from Global M2 in 2 years. ETH ETFs see $1bn+ inflows in 3 days. HYPE leads L1s, buybacks to now be 99% of fees. Strategy buys $357m BTC. Pantera seeks $1.25b to set…
In brief Grayscale submitted a registration statement for its Avalanche Trust. VanEck is also seeking approval for an Avalanche ETF in the U.S. Analysts are eyeing a round of crypto ETF approvals in October. Crypto asset manager Grayscale submitted a registration statement for its Avalanche Trust to the U.S. Securities and Exchange Commission on Friday,…
In brief Crypto stocks surged on Fed Chair Powell’s dovish Jackson Hole speech hinting at September rate cuts, with Ethereum treasury companies and Bitcoin miners leading gains of 8-15%. Bitcoin ETFs bled $1 billion over five consecutive days while Ethereum ETFs rebounded with $288 million in net inflows on Thursday. Blockchain lender Figure Technologies filed…
In brief Shares of crypto companies rose in price alongside digital assets and major stock indices. The price surge comes after Federal Reserve Jerome Powell indicated that the central bank could cut rates next month. Bitcoin and Ethereum were also trading higher on Friday, with ETH and altcoins leading the charge. Crypto-focused company stocks rose…
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 red heading into Jackson Hole; BTC -1% at $112,300 MetaMask introduces new stablecoin mUSD, to launch on ETH +…
In brief Traders are focused on key strikes in the options market as positioning turns defensive. Recent shifts in rate cut odds have weighed on sentiment heading into Friday’s remarks from Fed Chair Jerome Powell. A neutral tone from Powell could disappoint markets already pricing in a September cut. Bitcoin traders are closely monitoring two…
In brief Coinbase is listing the World Liberty Financial stablecoin, USD1. World Liberty Financial is backed by President Donald Trump and its sons. While a dollar-pegged stablecoin like USD1 won’t see a price jump from the listing, it could boost World Liberty’s visibility. The USD1 stablecoin from World Liberty Financial—a crypto project backed by President…
In brief MetaMask has announced the launch of a native stablecoin, mUSD, issued by Stripe subsidiary Bridge and fully backed by dollar-equivalent assets. The stablecoin will be integrated throughout the MetaMask ecosystem, launching first on Ethereum and Linea, and will later be enabled as a payment option for the Mastercard-powered MetaMask debit card. MetaMask leadership…
