Everything web3, crypto, defi, degen
In brief Bitwise’s Solana ETF BSOL drew $69.5M in debut inflows on Tuesday.. The fund’s low 0.20% fee and direct staking approach contrasts with Rex-Osprey’s Solana Staking ETF. Strong ETF demand comes amid Solana’s 3.1% price decline on the day to $194. Bitwise Asset Management’s spot Solana ETF is off to a promising start.On Tuesday,…
In brief Bitcoin trading at $115,542, nearly 1% above the critical $114,200 monthly open level. Technical indicators show bullish momentum after a major correction earlier this month. Sentiment on prediction markets remains strong, but the upcoming Fed meeting and trade talks with China could swing things in either direction. It’s been an up and down…
In brief BlackRock CEO Larry Fink described crypto and gold as “assets of fear” at the Future Investment Initiative in Riyadh, citing investor concerns over currency debasement and financial security. IMF forecasts show the U.S. debt-to-GDP ratio will reach 143.4% by 2030, exceeding Italy and Greece for the first time this century, with deficits above…
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 In a report Monday, the Bank of Korea challenged the notion that technology alone can ensure currency stability. The central bank cited depegging risks, noting that major stablecoins like USDC fell to $0.88 during Silicon Valley Bank’s 2023 collapse. Meanwhile, South Korean companies are advancing won-pegged stablecoin pilots, including BDACS’s successful KRW1 test…
In brief Shares of ETHZilla (ETHZ) jumped 14% on Monday after Beyond Meat investor and influencer Dimitri “Capybara Stocks” Semenikhin got behind the firm. Semenikhin claims to have purchased more than 2% of shares due to the steep discount between its trading market cap and the net value of assets. The company said Monday that…
Wall Street bank Citi and crypto exchange Coinbase are teaming up to “boost digital-asset payment capabilities” for the bank’s institutional clients.In the initial phase, the bank aims accelerate fiat pay-ins and payouts and improve orchestration to better bridge traditional finance with crypto on- and off-ramps, the bank said in a press release.“The financial landscape is…
In brief Bitcoin rose 3.5% over the weekend to $115,400 as optimism grew over easing U.S.–China trade tensions. Officials from both countries reached a preliminary framework in Malaysia, boosting risk appetite across global markets. Market sentiment on Myriad skewed toward “greed,” while analysts cautioned that on-chain activity hasn’t yet confirmed the rally. Bitcoin and the…
