Everything web3, crypto, defi, degen
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 dip 3-6% overnight; BTC holds at $115,000 Gemini files to go public with ticker GEMI, timing TBD BTCS becomes first…
In brief Publicly traded companies are now racing to accumulate Ethereum. Firms with strategic ETH reserves now account for more than 3% of the entire ETH supply. The top holders include BitMine Immersion Technologies, SharpLink Gaming, and Coinbase. The trend of publicly traded companies adopting crypto treasury strategies may have started with Bitcoin, but it…
For many years, the idea that publicly traded corporations might buy Bitcoin for their reserves was considered laughable. The top cryptocurrency was considered too volatile, too fringe to be embraced by any serious business.That taboo has been well and truly broken, with a number of major institutional investors buying up Bitcoin in recent years.The floodgates…
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 red on the day, BTC dominance rebounds; BTC at $119k ETH ETFs see another top 5 day, outpace BTC 3.3:1…
Bitcoin hit another all-time high price mark on Wednesday as a increasingly favorable macro environment pushes traders to take more risk. And Ethereum might be following right behind.The leading cryptocurrency hit a new peak price of $122,882 on Wednesday afternoon, beating its previous July record of $122,838, CoinGecko data shows.Stocks also soared to close in on…
In brief Almost 8% of Ethereum’s total supply is now taken up by ETH ETFs and strategic reserves, up from 3% at the start of April. Ethereum ETFs account for over 5% of the circulating supply of ETH. Firms that missed the Bitcoin treasury moment are “jumping on Ethereum and other altcoins,” analysts told Decrypt.…
In brief Harvard University and Brown both have Bitcoin exposure. Regulatory filings show that the top universities bought positions via BlackRock’s iShares Bitcoin Trust. A number of top institutions have done the same thing since the historic approval of Bitcoin ETFs. Top universities Harvard and Brown are the latest institutions to buy exposure to Bitcoin,…
In brief Coinbase is rolling out decentralized exchange trading on its app. Digital tokens previously available on decentralized exchanges will now be available on the app. The San Francisco-based firm has made six acquisitions this year as it aims to expand its services. Coinbase will offer decentralized exchange trading for U.S. customers, the crypto exchange…
In brief Coinbase’s stock fell 17% on Friday, the day after the crypto exchange reported its second-quarter earnings. Analysts say the trading platform is poised to report stronger earnings numbers in subsequent financial quarters. Coinbase’s acquisitions and expansion beyond crypto-only services could lift its sagging stock. COIN plunged 17% on Friday, just a day after…
In brief Benchmark analyst Mark Palmer raised MSTR’s price target to $705, based on a projection that Bitcoin will reach $225,000 by end of 2026. Strategy reported $10 billion in Q2 net income from unrealized Bitcoin gains on its $71 billion holdings, with the CEO targeting treasury growth to exceed Microsoft, Google, and Amazon. The…
