Everything web3, crypto, defi, degen
In brief Ethereum hit a new all-time high price, breaking a record set back in 2021. The second-biggest cryptocurrency had lagged behind Bitcoin in gains, and long lingered well short of its previous peak. Institutional adoption and a favorable regulatory landscape have helped the coin in recent months. Ethereum hit a new all-time high price…
In brief Crypto stocks surged on Fed Chair Powell’s dovish Jackson Hole speech hinting at September rate cuts, with Ethereum treasury companies and Bitcoin miners leading gains of 8-15%. Bitcoin ETFs bled $1 billion over five consecutive days while Ethereum ETFs rebounded with $288 million in net inflows on Thursday. Blockchain lender Figure Technologies filed…
In brief Fed Chair Jerome Powell went much more dovish than expected at Jackson Hole, sending stocks up 2% and crypto markets higher. Altcoins are outpacing Bitcoin, with Dogecoin and Solana showing increasingly bullish signs. But today, all eyes are on Ethereum, which is inching closer to breaking its 2021 all-time high. Crypto markets have…
In brief Bitcoin ETFs are experiencing a significant sell-off, with over $1.1 billion in outflows over the past five days as investors de-risk ahead of the Jackson Hole symposium. Ethereum ETF flows have bucked the bearish trend, with a strong inflow on August 21. Crypto market remains highly volatile with significant liquidations and key price…
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 mostly red heading into Jackson Hole; BTC -1% at $112,300 MetaMask introduces new stablecoin mUSD, to launch on ETH +…
In brief Interpol’s Operation Serengeti 2.0 resulted in arrests of over 1,200 cybercriminals across 18 African countries and the U.K., with $97.4 million confiscated. Angola dismantled 25 illegal crypto mining centers run by Chinese nationals, seizing $37 million worth of equipment and power stations. Zambian authorities broke up a massive online investment fraud scheme that…
In brief House Republicans have attached anti-CBDC measures to an upcoming Defense Bill. The U.S. remains the only major economy to halt retail CBDC development. Stablecoins have gained traction in the U.S. as lawmakers cite fears over the privacy and control of CBDCs. House Republicans have added a provision banning central bank digital currencies (CBDCs)…
In brief ASIC has removed more than 14,000 scam and phishing websites in two years, with crypto scams making up about 20%. The regulator will now target fraudulent ads on social media platforms such as Facebook and Instagram. Investment scams cost Australians nearly $1 billion in 2024, with tactics like “AI washing” emerging as new…
In brief Traders are focused on key strikes in the options market as positioning turns defensive. Recent shifts in rate cut odds have weighed on sentiment heading into Friday’s remarks from Fed Chair Jerome Powell. A neutral tone from Powell could disappoint markets already pricing in a September cut. Bitcoin traders are closely monitoring two…
In brief Microsoft’s Mustafa Suleyman is warning AI may soon seem sentient, sparking confusion over rights, trust, and identity. Belief in conscious AI could trigger mental health risks and distort human relationships. He said AI should make life easier, and more productive, without pretending to be alive. Microsoft’s AI chief and co-founder of DeepMind, warned…
