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 slightly lower; Bitcoin at $121,500 ZEC continues to lead top movers, up 19% to $230 JPMorgan says SOL ETFs will…
In brief Solana daily transactions fell to 64 million, down nearly 50% from July’s peak. Capital rotation to rivals and network friction are key reasons for the decline, one expert said. Despite a likely ETF approval Friday, Solana’s price is expected to follow Bitcoin’s lead. Solana’s daily transactions are on a steady decline, even as…
In brief Solana exchange-traded funds could get the green light this month. But investor fatigue and more interest in Ethereum could dampen inflows into the products, JP Morgan analysts have said. A number of top asset managers have this year tried to get SEC approval for a SOL ETF. U.S. exchange-traded funds giving investors Solana…
In brief Myriad prediction market users currently favor bullish moves for both Bitcoin and XRP. Bitcoin hit a new all-time high over the weekend, and XRP last hit a record price in July. The charts currently lean bearish, but sentiment undoubtedly favors the “moon” scenarios. As “Uptober” nears the midway point, crypto traders are positioning…
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…
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 chop on the day, Bitcoin holds at $123,000 ZCash soars 35% leading all crypto movers; RAIL jumps 100% Jack Dorsey’s…
Two major crypto ETF issuers are joining the rush to bring crypto asset staking to the U.S.Bitwise and 21Shares each unveiled updates to their crypto funds on Tuesday, cutting fees and adding staking features for investors, just days after Grayscale became the first to introduce staking in its U.S. Ethereum ETFs.Bitwise’s latest filing formally renames…
In brief The crypto market’s pullback Wednesday morning triggered $635 million in liquidations over the past 24 hours. The short-term pressure was the result of profit-taking, gold’s rebound, and a stronger dollar, analysts told Decrypt. Analysts view this drop as a healthy correction, with a target of $132,000 to $135,000 if key support holds. Bitcoin…
In brief Market breadth has weakened as capital concentrates in high-liquidity, high-certainty assets like Bitcoin and Ethereum. Experts cite institutional ETF flows and a loss of patience with purely narrative-driven altcoins. Any future altcoin rally is expected to be highly selective, favoring tokens with real-world utility. Bitcoin and Ethereum continue to capture investor interest, while…
In brief Bitcoin hit a new all-time high on Monday; gold broke records on Tuesday. BTC was down over 3% a day after setting its latest record, while other major cryptos were largely in the red. Analysts think both gold and Bitcoin still have room to increase. After setting record highs over the past two…
