Everything web3, crypto, defi, degen
In brief Publicly traded Helius Medical Technologies announced that it’s raising $500 million to establish a Solana treasury. The firm’s stock price rose by more than 141% as of the close of trading Monday. Helius Medical Technologies is not affiliated with notable Solana infrastructure startup, Helius. Medical devices manufacturer Helius Medical Technologies has raised $500…
In brief Forward Industries acquired nearly 7 million SOL tokens for $1.58 billion, making it the largest publicly traded Solana treasury. The firm bought unlocked SOL tokens via on-chain and open-market transactions. Shares of FORD rose 1.21% amid the news, now up more than 28% in the last week. Medical design firm Forward Industries completed…
In brief The Ethereum Foundation is launching a dedicated “dAI team” to make Ethereum the foundation of AI development and bridge blockchain with AI industries. It has a near-term focus on the ERC-8004 standard enabling AI agents to transact seamlessly across Ethereum, which is debuting at November’s Devconnect conference. The long-term goal is to build…
In brief David Klasing, dual-certified tax attorney and CPA, says the IRS has moved from targeting “narrower groups” to broader crypto compliance investigations across multiple exchanges. The Treasury Inspector General reports a 75% potential non-compliance rate among crypto users identified through exchange data, feeding the audit pipeline. Nick Waytula, attorney and head of tax at…
In brief Galaxy Digital has purchased more than $700 million worth of Solana since Wednesday, on-chain data shows. The buys are likely tied to Galaxy’s backing of Forward Industries, poised to be the largest Solana treasury firm. Solana hit its highest price since January on Friday, topping $241 and rising 19% in the last week.…
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 green, led by SOL; BTC at $115,000 SOL hits $238 on back of FORD DAT $1.65B raise; SOL memes +…
In brief Bitcoin’s hash rate surged to 1.12 billion TH/s on September 12, marking a new record high. The surge in hash rate has also adjusted Bitcoin difficulty to an all-time high of 136.04T. Experts suggest this outlook has historically preceded an explosive price surge. After Bitcoin’s recent price surge saw it breach a two-week…
In brief Ondo rose nearly 10% Thursday to $1.10, bringing weekly gains to more than 21%, CoinGecko data shows. Total value locked for Ondo Finance has tripled this year to $1.57 billion. BlackRock’s move to put ETFs on blockchains is adding credibility to Ondo’s push into tokenized stocks and real-world assets, Decrypt was told. The…
In brief 21Shares launched a new ETP tied to dYdX’s native token, extending regulated access to one of the largest decentralized derivatives protocols. The product follows 21Shares’ earlier DeFi ETPs including Aave and Uniswap launched in 2022, becoming Europe’s largest crypto ETP issuer with 48 products. DYDX was chosen because it “adds a distinctive dimension”…
In brief Sen. John Kennedy (R-LA) said the Senate is “not ready” for sweeping crypto market rules, warning lawmakers still have “a lot of questions.” Sen. Tim Scott (R-SC), chair of Senate Banking, has insisted on a September 30 markup, despite pushback from Democrats and fellow Republicans. Policy experts say rushing a “full leap” bill…
