Everything web3, crypto, defi, degen
In brief BlackRock’s Bitcoin ETF (IBIT) has become the asset manager’s most profitable fund by annualized fee revenue, with $97 billion in assets after just 21 months. S&P Global launched its first hybrid “Digital Markets 50” index combining 35 blockchain-related stocks with 15 major cryptocurrencies. Coinbase secured approval to offer staking services in New York…
In brief Luxembourg became the first European nation to invest in Bitcoin, allocating 1% of its $811 million sovereign wealth fund to BTC ETFs. The approximately $8 million investment marks a shift from the fund’s conservative strategy of bonds and equities to include alternative assets. Treasury director says the allocation “strikes the right balance” while…
In brief Bitcoin’s “debasement trade” narrative echoes gold’s historical role as a hedge against currency dilution. Some observers say Bitcoin still trades more like a high-risk asset than a haven. Others argue that could change as gold grows more expensive and trust in fiat erodes. Bitcoin’s latest price movements are reviving an old narrative that…
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 after recent rally; BTC at $123,000 Gold makes new ATH at $4,070 up 50% on year Monad’s MON token…
In brief S&P Dow Jones Indices, a unit of market data provider S&P Global, is releasing a new index tracking 15 digital assets and 35 crypto-focused companies. Dinari, a provider of tokenized U.S. securities, will also issue a token tracking the index. Crypto-related equities have soared this year amid a market surge. S&P Dow Jones…
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 after BTC and Gold make new ATH; BTC at $124,500 BNB hits new ATH at $1,300 and flips XRP…
In brief Bernstein analysts are forecasting more than a 30% jump in shares of blockchain lending firm, Figure Technologies. Figure hit public markets in September, conducting an IPO at $25 per share of FIGR. Shares are up around 6.5% today and trading at $42.71. Bernstein set its price target at $54. Blockchain lender Figure Technologies…
In brief GalaxyOne is set to compete with the likes of Coinbase and Robinhood. The platform offers “premium” yield for accredited investors. Galaxy has historically catered to financial institutions. Galaxy Digital, a crypto-focused financial services firm for institutions, unveiled a platform for individual investors on Monday, putting it in direct competition with platforms like Kraken…
In brief Ethereum hit a two-week high of $4,500, defying recent bearish sentiment in traditional markets. Options data show a short-term bullish shift for October, but longer-term sentiment remains cautious. Analysts anticipate a bullish breakout in the fourth quarter if institutional treasuries resume their buying spree. Ethereum briefly climbed to a two-week high of $4,500…
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 continue to grind up as Bitcoin breaks $120,000 BNB hits new ATH over $1,100 kicking off BNB SZN (Cake +…
