Everything web3, crypto, defi, degen
In brief President Lukashenko said tokenization can cut intermediaries, automate deals, and boost user control. Belarus has seen $1.7 billion in crypto payments this year, with $3 billion projected, according to Lukashenko. Russia-aligned states like Kyrgyzstan have shown similar sanction-driven patterns. Belarusian President Alexander Lukashenko is urging the nation’s banks to ramp up their use…
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 Federal prosecutors have filed a complaint to forfeit USDT funds traced to a spoofed trading platform. Victims were recruited through text messages and directed into fake investment accounts. Civil forfeiture is being used as a tool to disrupt scams and recover funds for victims, Decrypt was told. Federal prosecutors in Albany have filed…
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, SOL leads at $220; BTC at $112,300 Several crypto mining stocks soar on back of Oracle report of AI…
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,…
In brief Solana hit $219.50 and XRP rose above $3 as both cryptocurrencies outperform the broader market while Ethereum cools down. Prediction markets show 54% of users expect Solana to reach new all-time highs by year-end, with similar bullish sentiment for XRP hitting $4. Expected SEC approval of Solana and XRP ETFs in the U.S.…
In brief Arkham Intelligence has identified a tranche of 45,000 BTC worth $5 billion linked to film piracy website Movie2K. German authorities “failed to seize” the Bitcoin as part of a confiscation in January 2024, Arkham said. In 2024, the German government sold off its seized Bitcoin for an “unprecedented” $3 billion, which has risen…
In brief The U.S. Treasury has sanctioned 19 entities across Burma and Cambodia that it says scammed Americans out of $10 billion in 2024. The action targets networks using trafficked workers forced to conduct “pig butchering” scams through fake investment platforms and romance schemes. Networks often “rebrand” when sanctioned, but sanctions “disrupt scammers’ easiest routes,”…
In brief Multiliquid CEO Will Beeson has argued yield is important for stablecoins to scale in a competitive market. The GENIUS Act banned issuers from paying interest but leaves openings for third-party arrangements. Banks have warned loopholes could drive trillions in deposits out of the U.S. banking system. The clash between Wall Street and the…
In brief Ant Digital linked $8.4B in Chinese energy assets to AntChain, tracking 15M renewable devices. It raised 300M yuan ($42M) for three clean energy projects via tokenized assets, Bloomberg reported. Adoption is expected to remain institutional, with offshore listings hinging on regulatory approval, Decrypt was told. Jack Ma-backed Ant Group’s enterprise arm has reportedly…
