Everything web3, crypto, defi, degen
In brief Kazakhstan will establish a State Digital Asset Fund to build a strategic crypto reserve. Crypto ownership among citizens has doubled in two years while mining generates millions in tax revenue. President Tokayev also warned of rising online fraud and pushed for a fully digitalized smart city. Kazakhstan President Kassym-Jomart Tokayev has proposed the…
In brief Washington, D.C., Attorney General Brian L. Schwalb accused ATM operator Athena Bitcoin of ignoring scams targeting elderly residents. The firm faces two counts of violating the Consumer Protection Procedures Act through deceptive and unfair trade practices. The firm operates 4,100 Bitcoin ATMs in five countries. Washington, D.C., Attorney General Brian L. Schwalb unveiled…
In brief CalPERS candidates were split on crypto investments, ranging from outright rejection to cautious consideration. The fund holds 410,596 MicroStrategy shares valued at $165.9 million, creating substantial indirect Bitcoin exposure. One challenger wouldn’t “close the door entirely” on crypto, while another called blockchain technology “promising” California state pension fund CalPERS recorded mixed reactions from…
In brief Binance has appointed SB Seker as Head of Asia-Pacific on Monday, who brings over 20 years of legal and regulatory experience. The hiring comes weeks after AUSTRAC ordered Binance Australia to undergo an independent audit, citing “serious concerns” about anti-money laundering controls vulnerable to illicit money flows. Industry experts view the appointment as…
In brief Webull has launched crypto trading for Australian users, with access to 240 digital assets and a 30 basis point spread through Coinbase Prime. Experts say Australian exchanges charge double the spreads of international peers for major cryptocurrencies like Bitcoin and Ethereum. The launch follows Webull’s Monday announcement of resuming U.S. crypto trading after…
In brief A coalition of 114 crypto companies and tech lobbying groups sent a letter to the Senate Banking Committee demanding strong legal protections for software developers in any upcoming crypto market structure bill. The letter emphasized that developers of decentralized software should not face criminal liability for how others use their programs, comparing public…
In brief Brothers Anton and James Peraire-Bueno filed motions Friday to exclude Google search evidence, claiming prosecutors want to use searches for legal terms to prove criminal intent in their alleged 12-second Ethereum blockchain exploit. The defense says the searches occurred during attorney consultations after being threatened by “anonymous sandwich attackers” and would force them…
In brief The measure directs the country’s central bank to purchase 10,000 BTC over five years, with a 20-year holding requirement. Custody, proof-of-reserves, and disposal rules would be codified by law and regulation. Local crypto voices call the proposal bold but warn of volatility, fiscal tradeoffs, and gaps in financial literacy. The Philippines has introduced…
In brief The DOJ announced it will no longer charge decentralized software developers under the same law used to convict Tornado Cash co-founder Roman Storm earlier this month. DOJ official Matthew Galeotti clarified that prosecutors will avoid such charges when software is truly decentralized and non-custodial, though other charges could still apply if criminal intent…
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 mixed, ETH and SOL lead; BTC back to $113k BNB hits fresh ATH at $880 overnight before retracing Kanye tweets…
