Everything web3, crypto, defi, degen
In brief Rich Widmann, Google Cloud’s head of Web3 strategy, confirmed that the Universal Ledger is a layer-1 blockchain. The system uses Python for smart contracts, diverging from industry standards like Solidity and Rust. Analysts question Google’s neutrality as it competes with Stripe and Circle for institutional blockchain infrastructure. Over five months after Google Cloud…
In brief Standard Chartered projects ETH could reach $7,500 by end of year and $25,000 by 2028 based on current adoption trends ETH ETFs have accumulated over $8B since July with major corporate buyers like BitMine and SharpLink stacking aggressively Ethereum’s yield advantages through staking and DeFi utility make it potentially stronger than Bitcoin as…
In brief The U.S.’s recently passed stablecoin law has heightened pressure on Europe to accelerate digital euro plans. Deploying on Ethereum or Solana could expand global use of the currency, Decrypt was told. Yet privacy, governance and banking stability remain key concerns for officials. European officials are considering whether to issue the digital euro on…
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 Ripple’s shares trade at a discount to its XRP holdings VivoPower is trying to buy them for discounted XRP exposure. The shares aren’t owned by Ripple itself, a person familiar with the matter said. Ripple owns billions of dollars worth of XRP, but company shares trading on private secondary markets don’t fully reflect…
In brief XRP Ledger received a security score of 41 out of 100—the lowest among 15 major blockchains—in Kaiko’s Blockchain Ecosystem report released in August. A RippleX leader dismissed the low rating, pointing to XRP Ledger’s strong safety record. XRP Ledger’s software development kit was hit with a supply chain attack in April, but devs…
In brief Federal Reserve Governor Christopher Waller said stablecoins have the potential to improve retail and cross-border payments. He acknowledged some fear and skepticism toward innovation in payments. The Fed is researching tokenization, he said. Using cryptocurrencies to facilitate ordinary payments should be no more intimidating than swiping a debit card, Federal Reserve Governor Christopher…
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 red again, down another 2%; BTC at $113,200 Wyoming introduces its stablecoin FRNT, first-ever from a public entity Goldman…
In brief Eight trade groups have urged the Basel Committee to “temporarily pause” crypto standards set for January 2026. The associations warn current capital requirements of up to 1,250% for crypto assets far exceed those for traditional investments like corporate bonds. An industry expert told Decrypt the 2022 rules reflect outdated risk perceptions from the…
In brief Crypto exchange Bullish took its IPO proceeds in stablecoins. The bulk of its stablecoins are on the Solana blockchain and custodied by Coinbase. The firm accepted Circle’s USDC, PayPal’s PYUSD, Ripple’s RLUSD, among others. Publicly traded crypto exchange Bullish (BLSH) received $1.15 billion in proceeds from its recently completed initial public offering (IPO)…
