Everything web3, crypto, defi, degen
In brief EY’s Paul Brody said privacy has become a baseline requirement for institutional adoption. Tether co-founder Reeve Collins described a new stablecoin model built on transparency and user participation. dYdX’s Charles d’Haussy said institutional money entering crypto today is more disciplined and analytical than in past cycles. Crypto is entering a steadier phase, shaped…
In brief Prediction market Myriad aims to become a protocol layer embedded “everywhere we can,” its co-founder Farokh Sarmad said at Token2049. Myriad, launched by Decrypt’s parent company DASTAN, recently hit $18.5 million in USDC trading volume with over five million trades on the platform, Myriad has also launched perpetual sentiment markets such as “Up…
In brief Bernstein analysts are forecasting more than a 30% jump in shares of blockchain lending firm, Figure Technologies. Figure hit public markets in September, conducting an IPO at $25 per share of FIGR. Shares are up around 6.5% today and trading at $42.71. Bernstein set its price target at $54. Blockchain lender Figure Technologies…
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 Vietnam’s Deputy Finance Minister announced a maximum of five licenses for the crypto exchange pilot program at a government press conference on Monday. The Ministry of Finance has received no formal applications yet, though companies are preparing systems and conducting preliminary discussions with officials. Industry experts criticize high capital requirements and regulatory uncertainty,…
In brief Cryptocurrency funds added nearly $6 billion last week, a single-week record according to CoinShares. Bitcoin soared to a new high price above $125,000 early Sunday. Investors are looking to alternative assets to hedge against weakening currencies. Investors threw a record amount of cash at Bitcoin and other crypto investment products, which racked up…
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…
In brief Leading Ethereum treasury company BitMine Immersion Technologies now holds $13 billion worth of ETH. The company purchased $823 million worth of Ethereum over the last week, it said Monday. BitMine is second only to Bitcoin giant Strategy in terms of the value of its crypto treasury holdings. BitMine Immersion Technologies, the leading publicly…
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…
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…
