Everything web3, crypto, defi, degen
In brief Whales have increased their ETH holdings by 14% in the past five months. The uptick in interest comes amid massive institutional interest surrounding the second-largest crypto. Ethereum’s year-to-date returns and ETF inflows have both outpaced Bitcoin’s, showing the pivot in narrative. Ethereum’s outlook is flipping increasingly bullish as whale cohorts ramp up their…
In brief Polymarket can now return to the U.S. after the CFTC said it won’t pursue certain enforcement actions against QCX, CEO Shayne Coplan said Wednesday. Polymarket acquired QCX, a licensed exchange already regulated by the CFTC, for $112 million in July. Polymarket was banned from the U.S. in 2022, and has been looking for…
In brief Experts report a sharp rise in bearish Ethereum options activity, indicating trader caution about a potential price drop. This pessimism conflicts with massive institutional investment flowing into new spot Ethereum ETFs. The market is divided between short-term hedging strategies and long-term bullish accumulation. Experts highlight a stark divergence between Ethereum’s bearish options activity…
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 with SOL leading; BTC at $111,500 BTC ETFs see $333M in inflows, highest day since Aug 8; ETH…
In brief Bitcoin has gained 3% in two days to about $110,000 as derivatives traders positioned ahead of U.S. jobs data. Options markets show bullish bets for late September, but hedging signals caution on downside risk. Implied volatility remains low, though some traders are preparing for potential declines. Derivatives traders are expecting a slightly more…
In brief Coinbase unveiled a hybrid index called Mag7 + Crypto Equity Index Futures. The futures index tracks Coinbase shares, “Magnificent 7” tech stocks, and Bitcoin and Ethereum ETFs. The product will be available through “partner platforms,” Coinbase said. Coinbase is debuting futures in the U.S. that will simultaneously give traders exposure to cryptocurrencies and…
About the AuthorLoxley Fernandes is CEO at Dastan, the parent company of Myriad, Rug Radio, and Decrypt. He served as CEO of Rug Radio before co-founding Dastan. Prior to Dastan he had spent over a decade as a serial entrepreneur, founder and operator with an emphasis on financial technologies that advanced the direct to consumer…
In brief Japanese crypto exchange Coincheck plans to acquire French digital asset prime brokerage Aplo. Aplo’s founders will remain with the firm and continue expansion under Coincheck’s umbrella. The deal marks Coincheck’s latest effort to broaden institutional and retail offerings abroad. Coincheck, one of Japan’s largest cryptocurrency exchanges, said Tuesday it plans to acquire French…
In brief The tokenized assets market is now worth about $600 billion globally. Europe leads in fixed-income issuance, accounting for more than half of 2024’s total. But regulators are trying to strike a balance between innovation and investor protection. The European Union’s top markets regulator is calling for a balance between financial innovation and investor…
Prediction market protocol Myriad has passed $10 million in USDC trading volume with over half a million users, as it builds on its mission to make information itself a tradable asset class.The protocol’s rapid expansion is “building the rails for prediction markets to evolve beyond a niche crypto product and become an entirely new segment…
