Everything web3, crypto, defi, degen
In brief DraftKings acquired prediction market platform Railbird but will focus on states without legal sports betting to avoid jeopardizing its existing gambling licenses. Bitcoin mining rig maker Canaan received a $4 price target from Benchmark analysts after a dramatic turnaround from near-delisting at $1, with shares up 18% for the week. Payments processor Zelle…
In brief Ethereum trades at $3,892 but faces massive market cap resistance. Gold’s nine-week rally just suffered its biggest drop in over a decade. Myriad prediction market odds favor ETH over gold. But it’s not an easy call. Here’s why. The race is on, and $5,000 is the finish line. But which asset gets there…
TRUMP PARDONS CZ, BTC BACK OVER $110K, A16Z’s STATE OF CRYPTO 2025Crypto majors are green and rebounding. BTC is up 1% at $110,800, ETH is up 2% at $3,940, BNB is up 2% at $1,120, and SOL is up 1% at $191. MYX (+14%), VIRTUAL (+13%), ZEC (+11%), and WLFI (+11%) led the top movers.…
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 rebound another 1-2%; BTC at $111,000 Trump pardons CZ; brief bounce in BNB eco tokens JPMorgan to allow spot crypto…
In brief An Ethereum wallet belonging to an alleged Trump insider closed a massive Bitcoin short position Wednesday, netting $6.4 million in profits. The wallet previously earned close to $200 million earlier this month by shorting ETH and BTC ahead of the record-breaking crypto liquidations. The latest trade brings the wallet’s lifetime earnings to nearly…
In brief Predictors on Myriad are leaning bullish while crypto majors range. Odds have swung back in favor of Bitcoin reaching $120K before $100K, and ETH hitting $4,500 before $3,100. With just two teams left, odds for the Los Angeles Dodgers to win the World Series have hit 70%. Crypto traders are undecided about which…
In brief Proof-of-work layer-1 network Tari has developed a mining infrastructure that, it claims, can have users up and running within 45 seconds. Tari Universe is billed as “the world’s easiest to use mining app,” and can be installed on nearly any Mac or PC. Tari is designed around “pragmatic” privacy controls. Crypto mining is…
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 rebound 1-2%; BTC at $109,500 a16z releases ‘State of Crypto 2025’ highlighting newest trends BlackRock says it will stay focused…
In brief An Ethereum whale has bought $32 million in ETH, signaling institutional interest amid corporate accumulation. A Solana whale sold $93 million, indicating “waning whale confidence” in the asset. A Bitcoin whale netted $835,000 profit, closing a short position as the market hints at a potential bottom. With Bitcoin trading in a tight range,…
In brief Decentralized exchange Bunni announced its permanent shutdown Wednesday, saying it lacks the capital for a secure relaunch requiring six to seven figures in audit expenses alone. The September 2 hack drained $8.4 million through flash loan manipulation and rounding errors, with stolen funds remaining unmoved in Tornado Cash-funded wallets. Users can still withdraw…
