Everything web3, crypto, defi, degen
In brief Crypto lobbyists pushed back against requests made last week by banking associations to weaken or repeal key sections of recently passed stablecoin legislation. The Blockchain Association and the Crypto Council for Innovation told senators that the bankers were trying to protect their own interests “at the expense of broader industry growth, competition, and…
We’re excited to announce the acquisition of the assets and technology of Capitalise.ai, an Israel-based pioneer of no-code, natural-language trading automation. Founded in 2015, Capitalise.ai developed a natural-language platform that transforms everyday text into executable trading strategies. Its proprietary language model and big data infrastructure can ingest real-time and historical data across equities, crypto, FX,…
In brief Dogecoin whales have accumulated 300M DOGE tokens over the past week, as short-term holders sell at a loss. The profitability of investors who purchased the dog-based meme token over the past 30 days hovers around 9% after the recent crypto market correction. Experts suggest this capitulation is a forced transfer of wealth from…
In brief Markets slid further on Tuesday, with equities and other risk assets falling ahead of jobs and economic data. Bitcoin was recently down 3.5% as investors awaited incoming economic data and remarks by Fed Chair Jerome Powell. Ethereum also continued its retreat after nearly hitting a record high last week. Bitcoin sank below $113,000…
In brief Meta will restructure the Superintelligence Labs into four new AI-focused divisions. An internal memo reveals that AI chief Alexandr Wang will lead one of the new units. Zuckerberg says Meta is committed to leading in the race toward AI superintelligence. Meta is breaking up its AI Superintelligence Labs into four divisions focused on…
In brief Crypto is in the red, with total market cap falling below $3.9 trillion. While all coins are feeling it, Dogecoin and XRP are getting it worse. The charts suggest there could be more downside to come. Crypto markets continue their slide, cooling off from a red hot July. Bitcoin, of course, sets the…
In brief Sen. Tim Scott (R-SC) said Tuesday that fewer Senate Democrats might support the upcoming crypto market structure legislation than voted for the GENIUS Act earlier this year. The Senate Banking chair said Sen. Elizabeth Warren (D-MA) has been a key obstacle to getting more Democrats onboard for the far-reaching bill. Warren warned last…
In brief Stablecoin supply climbed to $160 billion, with $32 billion on exchanges and daily inflows topping $1.2 billion, creating the largest pool of deployable capital in crypto history. Bitcoin, Ethereum, and XRP posted modest 24-hour gains as markets consolidate ahead of a possible September Fed rate cut. While some analysts see the surge in…
In brief Doop, an app that pays users to take photos of their poop, is expected to launch its public beta this fall. It will use an AI agent to analyze the photos to provide custom tips and challenges based on the results. Further down the line, the dataset will be sold to organizations and…
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 slightly green after volatile day; BTC at $115,600 Tom Lee buys $1.7B in ETH in the past week, becomes…
