Everything web3, crypto, defi, degen
In brief Coinbase and Mastercard are each reportedly negotiating to buy BVNK for up to $2.5 billion. The talks come amid hype surrounding digital assets pegged to the U.S. dollar. Observers say payment and crypto firms now see stablecoins as core infrastructure. Coinbase and Mastercard are reportedly in advanced talks to acquire BVNK, a U.K.-based…
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 chop on the day, Bitcoin holds at $123,000 ZCash soars 35% leading all crypto movers; RAIL jumps 100% Jack Dorsey’s…
In brief Shayne Coplan, the CEO of Polymarket, has entered the billionaire club as the youngest self-made billionaire, per Bloomberg. He joins a list of other crypto billionaires including Changpeng “CZ” Zhao, Michael Saylor, and Satoshi Nakamoto. Coplan’s rise in net worth follows Polymarket’s valuation of $9 billion, as it secured a $2 billion investment…
In brief Coinbase has launched crypto staking services in New York after years of objections from state regulators. New Yorkers can now stake several major tokens, including Ethereum and Cosmos, with estimated yields ranging up to 16% APY. The move follows the resignation of state crypto regulator Adrienne Harris, who reached a $100 million settlement…
Institutional capital is increasingly steering the direction of the crypto market, executives from Bitwise Asset Management and Aspen Digital told Decrypt in separate interviews during the Token2049 conference in Singapore last week. Hong Kim, Chief Technology Officer and co-founder of Bitwise, said the investor base for Bitcoin has shifted from retail traders to long-term allocators. “The first…
In brief Grayscale has added staking functionality to its two spot Ethereum ETFs in the United States. It also added staking to its Solana Trust, which has yet to be approved for an ETF conversion. Investors will be able to earn ETH staking rewards from the exchange-traded products. U.S. investors in exchange-traded funds tracking Ethereum’s…
In brief Standard Chartered analysts predict stablecoins could draw $1 trillion in deposits from banks in emerging markets over the next three years. That represents 2% of aggregate deposits in high-vulnerability countries including Egypt, Pakistan, Bangladesh, Sri Lanka, Turkey, India, and Kenya. Depositors in these emerging markets are expected to adopt stablecoins even without yield…
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 are green after Bitcoin hits new ATH at $125,600 (now $124,300) BNB hits new ATH at $1,220; Binance lists spot…
In brief GalaxyOne is set to compete with the likes of Coinbase and Robinhood. The platform offers “premium” yield for accredited investors. Galaxy has historically catered to financial institutions. Galaxy Digital, a crypto-focused financial services firm for institutions, unveiled a platform for individual investors on Monday, putting it in direct competition with platforms like Kraken…
In brief The Defiance prospectus covers proposals for 49 ETFs offering three times leveraged long and short exposure. The offerings include products focused on Coinbase, BitMine Immersion, Strategy, and ETFs tracking the prices of Bitcoin, Ethereum, and Solana. Defiance already offers a number of two times leveraged funds for Strategy and Robinhood, among other firms.…
