Everything web3, crypto, defi, degen
In brief Cathie Wood’s Ark Invest added 2.5 million shares of Bullish (BLSH) amid the exchange’s IPO on Wednesday. Shares of Bullish tripled in price after hitting the market at $37, but have settled to nearly $75 as of Thursday afternoon. The mark gives Ark Invest nearly $189 million worth of BLSH, as of this…
BTC NEW ATH, ALTCOIN SEARCHES ARE BACK, USELESS GETS COINBASEBTC hits new ATH, then pulls back. ETH ETF inflows second-largest inflows ever. Altcoin google searches hit highest since 2021. Banking discrimination sent us to crypto: Eric Trump. Stargate asks for alternative buy-outs to LayerZero. Murano to buy $500m BTC. Google rescinds ban on non-custodial crypto…
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 soar and then retrace ahead of PPI BTC hits new ATH of $124,128 overnight ETH reaches $4,780 on 2nd-biggest day…
In brief In 2023 Lõhmus told Estonia’s public radio he lost access and would consider credible recovery help. On-chain records show only dust transfers, with no outgoing ETH from the labeled wallet. There have been many other cases of lost crypto wallet passwords or keys. Two years ago, Estonian banker Rain Lõhmus told Estonia’s public…
The momentum has shifted in the yearslong battle between top crypto companies and protocols and the U.S. Securities and Exchange Commission under the new Trump administration. The regulator, which now has a crypto-friendly chairman in Paul Atkins and a crypto task force led by longtime industry advocate Hester Peirce, is moving away from what Pierce and…
ETH NEARS ATH, SOL BREAKS $200, PUMP BACK TO ICO PRICEETH & SOL soar, BTC dominance below 60%. ETH ETFs see $2.3b of inflows in 6 days. SOL breaks $200, DeFi TVL at three year highs. BitMine upsizes offering to buy ETH to $25bn. Crypto sentiment jumps to ‘Greed’ in a week. Institutions now hold…
In brief XRP is a cryptocurrency developed to facilitate efficient cross-border transactions, particularly for financial institutions and payment providers. The XRP Ledger employs a unique consensus protocol called the Ripple Consensus Algorithm to validate transactions. A long-running legal dispute between Ripple Labs and the U.S. SEC over whether sales of XRP constituted a unregistered securities…
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 soar led by ETH and SOL; Bitcoin breaks $120,000 Tom Lee files to raise $20B ATM for more ETH; ETH…
In brief Banking groups have demanded that Congress close “loopholes” in the new GENIUS Act that allow stablecoin interest payments through exchanges and third parties. The banks warned of a $6.6 trillion deposit flight risk that could disrupt traditional lending and increase borrowing costs. Industry momentum continues with major crypto firms such as Paxos and…
In brief Coinbase’s “Everything Is Fine” ad was rejected by UK TV clearance body Clearcast for lacking evidence that crypto solves economic problems, but wasn’t actually “banned” as CEO Brian Armstrong claimed. The ad is now running on Channel 4’s YouTube channels, exploiting looser online advertising regulations compared to traditional TV broadcast standards. Politicians are…
