Everything web3, crypto, defi, degen
In brief Bridge, Stripe’s stablecoin arm, has applied to the OCC to form a national trust bank under the GENIUS Act. The charter would place its stablecoin issuance and reserves under a unified federal framework. Bridge joins Circle, Paxos, Ripple, and Coinbase in seeking federal trust bank approval. Bridge, the stablecoin infrastructure arm of Stripe,…
In brief Conservative activist Laura Loomer’s tweet alleging a pro-Trump pardon lobby for Sam Bankman-Fried drew wide reaction on X. Reporting confirms Bankman-Fried’s parents have explored clemency options, but no registered lobbying effort has surfaced. Analysts and prediction markets put the odds of a pardon in the single digits despite rising political chatter. Conservative activist…
The United States on Tuesday announced that it is seeking the forfeiture of 127,271 Bitcoin, currently worth over $14.2 billion, in the largest such forfeiture action in the history of the Department of Justice.The United States Attorney’s Office for the Eastern District of New York and the Department’s National Security Division filed the civil forfeiture…
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 as China trade war rhetoric escalates; BTC at $111k Citi says it will custody crypto in 2026, evaluating a…
In brief California’s SB 822 explicitly includes digital financial assets under the state’s Unclaimed Property Law, treating them like bank accounts and securities. The bill preserves unclaimed digital assets in their native form, preventing forced liquidation that would have created taxable events for consumers without their consent. Account holders can reclaim their original digital assets,…
In brief Top bank Citi will debut a crypto custody service in 2026, CNBC reports. The bank is the latest to delve into other digital asset services. Mainstream banks are working on everything from stablecoin offerings to crypto trading for clients. Citi will reportedly debut a crypto custody service in 2026 as mainstream financial institutions…
In brief Zanmai Labs must provide bank guarantees of approximately Rs 45.38 crores to protect CoinSwitch’s claims, following the Bombay High Court’s dismissal of its challenge to arbitration orders. The court rejected WazirX’s attempt to “socialize” losses across all platform users through its Singapore parent company’s restructuring scheme. Justice Somasekhar Sundaresan ruled that Zanmai cannot…
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…
In brief An English business owner was sentenced to 22 months in prison for fraudulently securing a Covid-era loan and spending it on crypto, gambling, and personal expenses. The man used a first loan legitimately for his glass-fitting business, but illegally received a second loan and used the funds improperly. Ioannou must also now pay…
In brief Grant Cardone views Bitcoin as a superior store of value to gold. Hedge fund innovator Ray Dalio has urged investors to own a combination. The precious metal has outperformed Nvidia this year. Investors may see opportunity in gold’s historic rally, but they shouldn’t be selling Bitcoin to latch onto the precious metal, according…
