Everything web3, crypto, defi, degen
In brief Grayscale submitted a registration statement for its Avalanche Trust. VanEck is also seeking approval for an Avalanche ETF in the U.S. Analysts are eyeing a round of crypto ETF approvals in October. Crypto asset manager Grayscale submitted a registration statement for its Avalanche Trust to the U.S. Securities and Exchange Commission on Friday,…
In brief Investment firms are filing a wave of sophisticated crypto ETF applications, including 21Shares’ active crypto fund and 2x leveraged Dogecoin and Sui products. Multiple XRP ETF issuers updated filings following SEC feedback, while regulators delaying decisions on Trump Media and Solana funds until October. Experts predict approval momentum to begin in October despite…
In brief A collector recently walked away with 1 BTC from a $13 pack of cards purchased from GameStop. The card came in via card manufacturer Cardsmiths’ Currency Series, which contains cards redeemable for real cryptocurrency. The pull marks at least the third overall 1 BTC find in the last year. GameStop doesn’t sell Bitcoin…
In brief Fed Chair Jerome Powell went much more dovish than expected at Jackson Hole, sending stocks up 2% and crypto markets higher. Altcoins are outpacing Bitcoin, with Dogecoin and Solana showing increasingly bullish signs. But today, all eyes are on Ethereum, which is inching closer to breaking its 2021 all-time high. Crypto markets have…
In brief The Federal Reserve has left the interest rate unchanged at its last five meetings. In a speech at an annual gathering in Jackson Hole, Wyoming, Powell said that conditions had changed. The Fed meets again in September. The price of Bitcoin and other cryptocurrencies rose on Friday after Federal Reserve Chairman Jerome Powell…
In brief Ripple’s shares trade at a discount to its XRP holdings VivoPower is trying to buy them for discounted XRP exposure. The shares aren’t owned by Ripple itself, a person familiar with the matter said. Ripple owns billions of dollars worth of XRP, but company shares trading on private secondary markets don’t fully reflect…
In brief Dogecoin whales have accumulated 300M DOGE tokens over the past week, as short-term holders sell at a loss. The profitability of investors who purchased the dog-based meme token over the past 30 days hovers around 9% after the recent crypto market correction. Experts suggest this capitulation is a forced transfer of wealth from…
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 red again, down another 2%; BTC at $113,200 Wyoming introduces its stablecoin FRNT, first-ever from a public entity Goldman…
In brief Crypto treasury firm Thumzup is planning to acquire Dogehash in an all-stock deal. Dogehash shareholders will exchange their holdings for 30.7 million shares of Thumzup stock. Thumzup recently raised $50 million to expand its mining capabilities and digital asset treasury. Trump family-backed, cryptocurrency treasury firm Thumzup Media is planning to acquire Dogecoin mining…
In brief Crypto is in the red, with total market cap falling below $3.9 trillion. While all coins are feeling it, Dogecoin and XRP are getting it worse. The charts suggest there could be more downside to come. Crypto markets continue their slide, cooling off from a red hot July. Bitcoin, of course, sets the…
