Everything web3, crypto, defi, degen
In brief BNB traded 0.8% higher while Ethereum and XRP posted losses, with analysts crediting its ecosystem utility and token-burning mechanisms for resilience. Former Binance CEO CZ’s YZi Labs announced a $1 billion fund for BNB Chain developers, boosting investor confidence in the token’s long-term prospects. BNB sits just 2% below its all-time high, having…
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 fall after recent rally; BTC at $123,000 Gold makes new ATH at $4,070 up 50% on year Monad’s MON token…
In brief The crypto market’s pullback Wednesday morning triggered $635 million in liquidations over the past 24 hours. The short-term pressure was the result of profit-taking, gold’s rebound, and a stronger dollar, analysts told Decrypt. Analysts view this drop as a healthy correction, with a target of $132,000 to $135,000 if key support holds. Bitcoin…
In brief Two men are set to stand trial in Glasgow’s High Court for allegedly plotting to steal almost $23 million in crypto in a series of robberies. The pair are accused of having identified targets known to own “significant amounts” of cryptocurrency. According to the prosecution, some of the planning was conducted while at…
In brief The American Federation of Labor and Congress of Industrial Organizations warned Monday the Responsible Financial Innovation Act provides only “the facade of regulation” while weakening worker protections and consumer safeguards. The labor federation’s letter comes as Senate Republicans push for a floor vote in November. Union officials criticized provisions letting FDIC-insured banks directly…
In brief PancakeSwap’s Chinese X account was hacked to promote a scam meme coin token. CAKE token’s price remains largely unaffected. Security experts noted weak user security awareness and phishing as key reasons. The official Chinese X account of decentralized exchange PancakeSwap was hacked on Tuesday, used to promote a fraudulent meme coin named “Mr.…
In brief Kazakh authorities terminated operations at 130 unlicensed crypto platforms suspected of processing illicit funds, confiscating digital assets valued at $16.7 million. Financial monitors identified 81 underground cash-out networks handling more than $43 million. Planned biometric authentication for cash transactions could morph into surveillance infrastructure “without strong data-protection laws and independent oversight,” an expert…
In brief Market breadth has weakened as capital concentrates in high-liquidity, high-certainty assets like Bitcoin and Ethereum. Experts cite institutional ETF flows and a loss of patience with purely narrative-driven altcoins. Any future altcoin rally is expected to be highly selective, favoring tokens with real-world utility. Bitcoin and Ethereum continue to capture investor interest, while…
In brief SEC Chair Paul Atkins says a formal “innovation exemption” could be finalized by year-end. The proposal follows years of regulatory uncertainty that pushed crypto development overseas. Industry leaders say a structured framework could bring compliant innovation back to U.S. markets. The U.S. Securities and Exchange Commission is preparing to codify an “innovation exemption”…
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…
