Everything web3, crypto, defi, degen
In brief Union Minister Piyush Goyal announced India will introduce an RBI-guaranteed digital currency at a government event in Doha on Monday. The minister confirmed India has not banned unbacked cryptos but continues to tax them heavily to discourage use. Experts say India’s stance could favor regulated, asset-backed tokens but risk slowing private crypto innovation…
In brief Zcash is being highlighted by notable individuals on social media. The token’s price has increased nearly 240% over the past two days. Mert Mumtaz said Zcash would hit $1,000. Zcash’s price rose to $165 on Monday as Mert Mumtaz, CEO of Solana infrastructure firm Helius Labs, continued cheerleading the token on X, among…
The first week of October delivered a strong performance for the crypto market, with Bitcoin setting record highs and the layer-1 sector leading the charge among altcoins.The category, which includes assets like Solana, Avalanche, BNB, Sui, and Aptos, posted a 12.54% gain from September 29th to October 5th, according to Velo data. The layer-2 sector…
In brief Donald Trump is back in the White House as the 47th U.S. President, after running on a pro-crypto platform. But Trump hasn’t always taken this stance: He used to call Bitcoin a “scam” and said he wasn’t a fan. Trump has since launched his own Solana meme coin, multiple NFT collections, and a…
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.…
In brief President Trump said his administration is considering $1,000-$2,000 checks for citizens based on tariff revenues. Americans received up to $3,200 in 2020-2021, up to $40 billion of which was estimated to have been invested in Bitcoin and stocks. That $3,200 could be worth more than $26,000 today if invested in Bitcoin upon receipt…
In brief The UK government is seeking to keep most of the 61,000 BTC it seized in 2018, amid civil recovery proceedings. Some figures within the British crypto industry believe any retained BTC should be kept in a strategic reserve, while others argue that the long-term holding of seized assets is at odds with UK…
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 continue to grind up as Bitcoin breaks $120,000 BNB hits new ATH over $1,100 kicking off BNB SZN (Cake +…
In brief Standard Chartered’s Global Head of Digital Assets Research has argued in a research note that Bitcoin could soon reach a new all-time high, and keep climbing to $135,000. Analyst Geoff Kendrick said Bitcoin has deviated from a pattern that previously saw prices fall 18 months after the halving. Kendrick added that he expects…
In brief New York lawmakers have introduced a bill aiming to tax Bitcoin miners. Democratic Senator Liz Krueger and Assemblymember Anna Kelles argue that mining operations use too much electricity. If passed, the money would be passed to lower income households in the state. New York lawmakers are trying to tax Bitcoin miners, citing excessive…
