Everything web3, crypto, defi, degen
In brief Mt. Gox’s 2011 hack caused Bitcoin’s worst crash ever, plummeting 99.9% after hackers dumped stolen BTC for pennies. Major crashes stemmed from China bans, COVID-19 panic, and crypto platform collapses like Celsius and FTX. Trump’s October 2025 China tariff threat triggered a 13% drop and $19 billion in liquidated positions—but didn’t make the…
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 very red as Bitcoin hits 4-month low at $105,700 ETFs see biggest outflows since August with $530.9M Charles Schwab plans…
In brief A short-selling cascade drove Bitcoin down 3.5% to $107,500, on Thursday, adding over $1 billion in bearish bets. The sell-off triggered $724 million in liquidations, with longs accounting for 74% of the total wipeout. A market schism emerged as spot buyers on Coinbase accumulated while shorts attacked on derivatives. Bitcoin experienced a sharp…
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 red again as Trump confirms trade war; Bitcoin at $111,200 Paxos accidentally mints $300T PYUSD onchain before burning Erebor Bank…
We’re excited to announce we have acquired Small Exchange, a CFTC-licensed Designated Contract Market (DCM) from IG Group for $100 million. This move lays the foundation for us to launch a fully U.S.-native derivatives product suite, creating a deep, sophisticated onshore venue in the world’s largest capital market. The acquisition of Small Exchange advances our…
In brief Crypto exchange Kraken has purchased U.S. contract market Small Exchange for $100 million from British finance group IG. The deal gives Kraken a license to offer derivatives trading in the U.S. for the first time. Kraken opened up futures trading for U.S. customers in July, amid positive regulatory changes in the U.S. Kraken,…
In brief BNB shows a complex market structure with spot buying rising as futures selling increases. Open interest is down 36%, with declining CVDs pointing to active selling or profit-taking. Oracle issues and depegs at Binance have caused a “drop in confidence” according to analysts, adding short-term pressure to the token. BNB’s long-standing uptrend could…
In brief More than $19 billion worth of crypto positions were liquidated on Friday amid a flash crash. Market experts believe that increased amounts of leverage in crypto could be creating systemic risk, with leverage cascades potentially becoming a more common occurrence. It comes as Hyperliquid and Aster have made high levels of leverage more…
In brief Volatility Shares has filed to launch crypto ETFs that would give investors amplified exposure to Bitcoin, Ethereum, Solana, XRP, and various stocks. Such ETFs use leverage to maximize returns for investors. But investors can lose a lot of money buying such ETFs too. As if crypto trading isn’t already volatile enough, ETF manager…
In brief CME is facilitating options trades for Solana and XRP futures. So far, CME’s website shows five contracts outstanding for each asset. CME’s Solana futures were more popular than XRP alternatives in the third quarter. CME Group said on Tuesday that it has begun facilitating trades for options on Solana and XRP futures, giving…
