Everything web3, crypto, defi, degen
In brief Ethereum rose above $4,600 on Friday, driven by institutional accumulation from treasury companies and ETF inflows. CryptoQuant reports a surge in staking activity, including one whale moving $645 million in ETH specifically to stake it. 73% of traders on prediction market Myriad now bet ETH will reach $5,000, up from 61% at the…
In brief Allied Gaming & Entertainment has started investing into Bitcoin and Ethereum for its treasury. The publicly traded firm’s stock price briefly doubled on Friday following the announcement. Many companies have started amassing crypto, following the model pioneered by Bitcoin giant Strategy. Allied Gaming & Entertainment, a Nasdaq-listed esports and gaming company, announced 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 green, led by SOL; BTC at $115,000 SOL hits $238 on back of FORD DAT $1.65B raise; SOL memes +…
In brief Coinbase has accused the SEC of destroying nearly a year of former Chair Gary Gensler’s text messages. A recent SEC Inspector General report revealed texts from October 2022 to September 2023 were permanently erased during a critical crypto enforcement period. The U.S. exchange wants expedited discovery, sanctions, and immediate production after the SEC…
In brief Gold hit an inflation-adjusted record high of $3,683/oz, surpassing a 45-year-old record. Bitcoin climbs 6% to $114,286 but analysts watch gold-to-Bitcoin ratio for breakout signals. Prediction markets now favor gold over Bitcoin through year-end, with 63% betting on precious metal. If Bitcoin can keep pace with gold as it soars to an inflation-adjusted…
ETH LEADS MAJORS, CPI TODAY, AVAX DATS COMINGCrypto higher on lower PPI, ETH leads. BitMine buys $201m more ETH. Binance & Franklin Templeton to partner on RWAs. POP Culture Group & Robin Energy both buy BTC. XRP reserves on exchanges surge by 1.2b tokens. AVAX Foundation eyes $1b raise to setup DATs. Chainlink, UBS to…
In brief Solana is outperforming its major peers and Myriad predictors think a new all-time high is coming by the end of 2025. TROLL has been one of the best performing meme coins of the summer, but predictors feel a dump is likely. Predictors are confident that SharpLink Gaming will not eclipse its first ETH…
In brief 21Shares launched a new ETP tied to dYdX’s native token, extending regulated access to one of the largest decentralized derivatives protocols. The product follows 21Shares’ earlier DeFi ETPs including Aave and Uniswap launched in 2022, becoming Europe’s largest crypto ETP issuer with 48 products. DYDX was chosen because it “adds a distinctive dimension”…
In brief SharpLink Gaming’s treasury strategy will be a positive “white swan event” for Ethereum as it helps educate traditional players, its co-CEO told Decrypt. Some industry observers fear that the crypto treasury trend could end badly for the industry, as swarms of companies have started stockpiling digital assets this year. Joseph Chalom, co-CEO of…
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…
