Everything web3, crypto, defi, degen
In brief 21Shares wants to list a Hyperliquid exchange-traded fund. HYPE, the native coin of decentralized exchange Hyperliquid, is the 16th biggest cryptocurrency by market cap. The SEC is weighing ETF applications tracking different altcoins, and combinations of tokens. Exchange-traded fund issuer 21Shares has applied for an exchange-traded fund tracking the token of the Hyperliquid…
In brief The CME FedWatch Tool, which uses futures trading data to infer trader sentiment, predicted a near-certain rate cut. The Conference Board’s Expectations Index, a measure of economic sentiment, remained below the threshold that typically signals a coming recession. Bitcoin has lingered well below the all-time high it set earlier this month. The U.S.…
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 fall 1-2% ahead of FOMC today; BTC at $113,200 Bitwise SOL ETF breaks 2025 record for launch day volume Western…
In brief Ethereum’s Fusaka upgrade has passed its final testnet and is set to launch on the mainnet around December 3. The update will lower transaction costs and improve efficiency by expanding blob storage and implementing PeerDAS, which boosts layer-2 scalability. Developers have said the change could increase blob space by over 400%, marking a…
In brief The Federal Reserve is almost certain to cut interest rates Wednesday, with traders predicting a 97.8% chance of a 25-basis point cut, though the impact on crypto markets remains uncertain. Analysts say ending quantitative tightening could create a “tailwind” for Bitcoin by signaling higher inflation tolerance, with Bank of America and JP Morgan…
In brief Solana meme coin Chill House surged to a new high after its X account insulted Vitalik Buterin and other crypto founders. The chaos helped pump the token, which briefly hit a new peak above a $30 million market cap. While the daily gains have cooled, Chill House is still up more than 500%…
In brief Securitize is eyeing a Nasdaq debut through an SPAC deal. The proposed merger would value Securitize at $1.25 billion. The firm is behind BlackRock’s $2.8 billion BUIDL fund. Securitize plans to go public by combining with Cantor Equity Partners II, in an SPAC deal valuing the BlackRock-backed tokenization firm at $1.25 billion, according…
In brief SharpLink Gaming is deploying $200 million in Ethereum from its corporate treasury onto Linea, a layer-2 network. The effort will unfold over multiple years to generate enhanced yields through staking, restaking, and DeFi incentives. SharpLink and Consensys are working to develop institutional capital markets primitives on Ethereum, including on-chain capital raises and tokenized…
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 fall slightly after weekend rally; BTC -1% at $114,500 SOL holds $200 ahead of Bitwise BSOL ETF launch today (with…
In brief Coinbase offers Bitcoin-backed loans as a technology provider. The exchange’s competitors have state-by-state licenses. Coinbase applied for a national trust charter this month. As Coinbase leans into its Bitcoin-backed lending product, the exchange is offering customers competitive rates by connecting them with lightly vetted pools of capital, which don’t require people to provide…
