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 rip after a soft PPI print; BTC hits $114,000 Forward Industries closes $1.65B raise to buy SOL; SOL at $225…
In brief Rising demand from ETFs and DATs has scooped up 8.40% of Ethereum‘s market cap, according to digital asset bank Sygnum. Crypto-friendly regulation under Trump’s administration has helped drive massive capital inflow into Ethereum. The successful Pectra upgrade also played a key role in shaping Ethereum’s value proposition, analysts argued. Ethereum’s renewed bullish momentum…
In brief Aggregate 24-hour Ethereum futures volume climbed to $49.4 billion, topping Bitcoin’s $42.9 billion. U.S. spot Bitcoin ETFs drew $1.39 billion in inflows over 10 days, while Ethereum ETFs lost $668 million. Altcoins’ share of total trading volume rose to 50% this week, up from 40%, as Bitcoin’s dominance slipped. Experts suggest growing anticipation…
In brief The SEC pushed back its deadline on staking in the BlackRock iShares Ethereum Trust to October 30, a 45-day delay. The regulator also delayed its decision on Franklin Templeton XRP and Solana funds by 60 days to November 14. In recent weeks, the agency has postponed decisions on rule change requests that would…
In brief Solana is up 4% on Wednesday and hit a seven-month high price of nearly $225. The asset might be primed for a year-end run, according to Bitwise CIO Matt Hougan. Hougan cited demand from pending spot ETFs and digital asset treasuries as potential catalysts. Solana is getting hot again—and may be primed for…
CRYPTO ALL GREEN, PPI TODAY, PUMP & IP LEAD ALTSCrypto mixed ahead of PPI, SOL outperforms. ETH ETFs get inflows after 6-day outflow streak. Metaplanet upsizes discounted $1.4b raise. KindlyMD commits $30m in Metaplanet equity raise. Sharplink buys back 1m shares. Ethena joins race for HYPE stablecoin. Native Markets favourite to win HYPE stablecoin race.…
In brief Bitcoin’s recent lag is tied to the Nasdaq’s mean reversion, according to experts—leaving it at risk of deeper drawdowns. A potential Fed rate cut on September 17 could ease macro uncertainty and help Bitcoin and other risk-on assets regain momentum. Institutional investors are rotating capital into Bitcoin ETFs, possibly in anticipation of a…
In brief Bloomberg analyst Eric Balchunas calls Rex-Osprey DOJE the first US ETF to hold an asset with “no utility on purpose.” ETF filed under the Investment Company Act of 1940 instead of the Securities Act of 193, like other crypto ETF filings. Initial institutional adoption is initially, but market cap growth could attract attention,…
In brief The SEC set November 12 as the new deadline for Grayscale’s Hedera Trust. Grayscale submitted updates for its Bitcoin Cash and Litecoin trusts, with both structured to list on NYSE Arca. The delayed decision adds to a wave of over 90 crypto ETF applications, including Solana and XRP products now pending before the…
In brief Derivatives exchange Cboe plans to introduce continuous Bitcoin and Ethereum futures for U.S. customers. If approved by regulators, the products will be available in November. Currently, U.S.-based traders have access to futures that expire. Derivatives exchange Cboe plans to introduce continuous Bitcoin and Ethereum futures for U.S. customers in November, pending regulatory approval,…
