Everything web3, crypto, defi, degen
In brief Windtree confirmed its shares will be suspended from Nasdaq trading on Thursday for failing to meet the $1 minimum bid price. Last month, it said it had committed to buy up to $700 million in Binance’s BNB token. Struggling firms pivoting into crypto treasuries may lack substance beyond the narrative, Decrypt was told.…
In brief Crypto equities have largely underperformed Bitcoin and Ethereum over the past month. Top stocks like MSTR and COIN rebounded Wednesday after starting the day in the red. Recent crypto IPOs and digital asset treasuries have been red over the last week too. Shares in leading publicly traded crypto companies and digital asset treasuries…
In brief Crypto lobbyists pushed back against requests made last week by banking associations to weaken or repeal key sections of recently passed stablecoin legislation. The Blockchain Association and the Crypto Council for Innovation told senators that the bankers were trying to protect their own interests “at the expense of broader industry growth, competition, and…
In brief Crypto exchange Bullish took its IPO proceeds in stablecoins. The bulk of its stablecoins are on the Solana blockchain and custodied by Coinbase. The firm accepted Circle’s USDC, PayPal’s PYUSD, Ripple’s RLUSD, among others. Publicly traded crypto exchange Bullish (BLSH) received $1.15 billion in proceeds from its recently completed initial public offering (IPO)…
In brief Powerful crypto companies including Coinbase, DCG, Kraken and Paradigm are teaming up with top lobbyists to introduce a new nonprofit focused on educating policymakers about decentralized technologies. As a 501(c)(3), the American Innovation Project (AIP) will enjoy key benefits including tax exempt status and limited liability for operators and participants. By law, however,…
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 dip 3-6% overnight; BTC holds at $115,000 Gemini files to go public with ticker GEMI, timing TBD BTCS becomes first…
In brief Publicly traded companies are now racing to accumulate Ethereum. Firms with strategic ETH reserves now account for more than 3% of the entire ETH supply. The top holders include BitMine Immersion Technologies, SharpLink Gaming, and Coinbase. The trend of publicly traded companies adopting crypto treasury strategies may have started with Bitcoin, but it…
For many years, the idea that publicly traded corporations might buy Bitcoin for their reserves was considered laughable. The top cryptocurrency was considered too volatile, too fringe to be embraced by any serious business.That taboo has been well and truly broken, with a number of major institutional investors buying up Bitcoin in recent years.The floodgates…
In brief OKX completed a burn of $26 billion worth of OKB tokens on Ethereum on Friday. The burn is part of a supply restructuring that reduces the overall token supply to just 21 million, like Bitcoin. OKB is up nearly 100% on the week and is the biggest gainer among the top 100 crypto…
In brief OFAC sanctioned Garantex on Thursday for its role in processing more than $100 million linked to illicit activities. It also blacklisted six businesses and three executives tied to the exchange. Blacklisting platforms that offer services aimed at circumventing sanctions is crucial to OFAC’s mission, an analyst said. The U.S. Department of Treasury’s Office of…
