Everything web3, crypto, defi, degen
In brief Union Minister Piyush Goyal announced India will introduce an RBI-guaranteed digital currency at a government event in Doha on Monday. The minister confirmed India has not banned unbacked cryptos but continues to tax them heavily to discourage use. Experts say India’s stance could favor regulated, asset-backed tokens but risk slowing private crypto innovation…
In brief VanEck projects a $644,000 price if Bitcoin matches half of gold’s value. Bitcoin’s market cap stands at $2.48 trillion, up 12% in the past month. Analysts caution the target may take five to ten years amid slower, steadier growth. Bitcoin is poised to capture half of gold’s market capitalization, according to investment firm…
In brief Bitcoin broke a new all-time high of a little over $126,000 per coin on Monday. However, the stock prices of publicly traded mining companies are rising even faster. Investors are flooding into the stock market and alternative assets over worries that currencies worldwide are being debased. Bitcoin’s price hit new records Monday, as…
In brief Crypto wallet MetaMask will launch a rewards program with over $30 million in incentives for users. The rewards push will begin ahead of the wallet’s upcoming token launch. The rewards will include LINEA tokens from the Consensys Ethereum layer-2 network, Linea. Popular crypto wallet MetaMask is launching a program that will distribute over…
In brief Zcash is being highlighted by notable individuals on social media. The token’s price has increased nearly 240% over the past two days. Mert Mumtaz said Zcash would hit $1,000. Zcash’s price rose to $165 on Monday as Mert Mumtaz, CEO of Solana infrastructure firm Helius Labs, continued cheerleading the token on X, among…
In brief EY’s Paul Brody said privacy has become a baseline requirement for institutional adoption. Tether co-founder Reeve Collins described a new stablecoin model built on transparency and user participation. dYdX’s Charles d’Haussy said institutional money entering crypto today is more disciplined and analytical than in past cycles. Crypto is entering a steadier phase, shaped…
In brief Grayscale has added staking functionality to its two spot Ethereum ETFs in the United States. It also added staking to its Solana Trust, which has yet to be approved for an ETF conversion. Investors will be able to earn ETH staking rewards from the exchange-traded products. U.S. investors in exchange-traded funds tracking Ethereum’s…
In brief Cryptocurrency funds added nearly $6 billion last week, a single-week record according to CoinShares. Bitcoin soared to a new high price above $125,000 early Sunday. Investors are looking to alternative assets to hedge against weakening currencies. Investors threw a record amount of cash at Bitcoin and other crypto investment products, which racked up…
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 are green after Bitcoin hits new ATH at $125,600 (now $124,300) BNB hits new ATH at $1,220; Binance lists spot…
In brief GalaxyOne is set to compete with the likes of Coinbase and Robinhood. The platform offers “premium” yield for accredited investors. Galaxy has historically catered to financial institutions. Galaxy Digital, a crypto-focused financial services firm for institutions, unveiled a platform for individual investors on Monday, putting it in direct competition with platforms like Kraken…
