Everything web3, crypto, defi, degen
In brief Europol has taken down a cybercrime network that provided SIM cards to fraudsters in over 80 countries. Criminal activity facilitated by the network resulted in losses above $5 million in Austria, while authorities seized $330,000 in crypto from alleged network members. Europol’s action comes as crypto increasingly features in international crime, and as…
In brief The government has introduced legislation to make a temporary crypto mining moratorium permanent. Officials said the change is part of a broader plan to allocate electricity to high-value industries. Crypto industry leaders warned the decision could push investment to areas without clean energy. The Government of British Columbia is moving to permanently bar…
In brief Ethereum treasury SharpLink Gaming had not bought ETH for over a month. The Nasdaq-listed company added 19,271 ETH to its balance sheet last week, when the price of the asset dropped. SharpLink Gaming now holds 859,853 ETH, now worth over $3.5 billion. Ethereum treasury firm SharpLink Gaming announced Tuesday that it added nearly…
In brief Ethereum was up slightly, even after ETFs lost $145 million on Monday. The delayed U.S. CPI report, now set for October 24 due to the ongoing government shutdown, has become a key risk trigger. Bitcoin ETFs have rebounded faster than Ethereum funds, with institutions showing stronger confidence in BTC as its dominance remains…
In brief Galaxy Digital disclosed $505 million in Q3 profits. Assets on Galaxy’s platform reached a record $17 billion. The firm recently unveiled a Coinbase and Robinhood competitor. Galaxy Digital shares jumped on Tuesday after the institutional crypto firm reported $505 million in third-quarter profits amid an increasing amount of assets on its platform.The New…
TL;DR Last Friday’s ~$19B+ liquidation cascade reset positioning across crypto; this week’s action has been a shaky retest rather than a clean recovery, with BTC probing the low ~100Ks and failing multiple reclaim attempts. Den’s “line in the sand” on BTC: ~$98K. If it can hold above that level, there’s room for a base (but…
In brief Veteran Ethereum Core Developer Péter Szilágyi has argued that Vitalik Buterin has effective control over the non-profit Ethereum Foundation. He claimed that a small number of people are dominating new investment and advisory roles. The CEO and founder of the Polygon Foundation also critiqued the Ethereum Foundation’s governance. Longtime Ethereum Core Developer Péter…
In brief Coinbase acquired Echo, an onchain fundraising platform founded by crypto figure Cobie, for approximately $375 million. The acquisition brings Echo’s private investment tools and public token sale product Sonar into Coinbase’s ecosystem, having facilitated over $200 million across roughly 300 deals since launch. The deal complements Coinbase’s July purchase of token management platform…
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 red overnight; BTC -2% at $108,500 Coinbase buys Cobie’s Echo + Up Only NFT for $375M Coinbase urges US…
In brief Australian crypto traders are diversifying their portfolios beyond Bitcoin, anonymized Kraken wallet data reveals. Ethereum makes up 33% of Australian wallets, nearly double the global average of 19%, while Solana and meme coins appear more often in Australian portfolios. Kraken’s Jonathon Miller says Australia’s “speculative streak” reflects culture as much as strategy. Australians…
