Everything web3, crypto, defi, degen
In brief Neobank Revolut has secured a Markets in Crypto-Assets (MiCA) license in Cyprus. The license enables Revolut to provide and market crypto-asset services across all 30 markets in the EEA under MiCA legislation The move opens a path for Revolut to issue its own stablecoin, with the company having been in conversation with at…
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 rebound 1-2%; BTC at $109,500 a16z releases ‘State of Crypto 2025’ highlighting newest trends BlackRock says it will stay focused…
In brief Paxos mistakenly minted 300 trillion PYUSD tokens last week before burning them 24 minutes later in what the company on Wednesday called an “internal technical error” that never left its systems. The Paxos co-founder said “the mistake was entirely ours” and blamed rarely-used manual operational processes designed for “very secure cold minting processes”…
In brief Leading crypto executives met with Senate Democrats and Republicans on Wednesday, in sit-downs that exposed divisions over the path forward to passing a crypto market structure bill. Democrats were frustrated about numerous issues, including recent leaks of proposed bill language, while Republicans warned that if the bill doesn’t move forward soon, it could…
In brief Developer activity is rising again after a post-FTX slump, led by Ethereum, Solana, and zero-knowledge projects. Stablecoin transactions now top $9 trillion annually, showing steady real-world use. Andreessen Horowitz says U.S. regulation is “finally normalizing,” but warns volatility and fraud still threaten progress. The cryptocurrency industry is no longer a niche experiment, but…
In brief The government has introduced legislation to make a temporary crypto mining moratorium permanent. Officials said the change is part of a broader plan to allocate electricity to high-value industries. Crypto industry leaders warned the decision could push investment to areas without clean energy. The Government of British Columbia is moving to permanently bar…
In brief OCC Chief Jonathan Gould said any material deposit impact from stablecoins “would not happen in unnoticed fashion” and “would not happen overnight” at the ABA convention on October 19. His reassurances come as the American Bankers Association and over 50 state banking groups demand Congress close “loopholes” allowing third parties to offer yield…
In brief Assembly Bill 9138, introduced Friday in the New York State Assembly, would tax proof-of-work miners based on electricity consumption, with rates ranging from 2 to 5 cents per kilowatt-hour. The companion bill to Senate Bill 8518 would funnel collected taxes into New York’s Energy Affordability Programs for low- to moderate-income households. Mining operations…
In brief Ripple has bought corporate treasury management firm GTreasury for $1 billion. It’s Ripple’s third major acquisition this year after buying primer brokerage Hidden Road and stablecoin platform Rail. Ripple CEO Brad Garlinghouse said the deal would reduce friction and costs of “outdated payments systems.” Fintech Ripple announced Thursday that it bought software firm…
In brief The Financial Stability Board’s review of nearly 40 jurisdictions found “significant gaps and inconsistencies” in crypto regulations that threaten financial stability. A separate European Banking Authority report revealed crypto firms engaging in regulatory “forum shopping” across EU member states. Cross-border cooperation remains “fragmented, inconsistent, and insufficient,” with authorities struggling to share information due…
