Everything web3, crypto, defi, degen
In brief Bitcoin bounces back to $115K, but the technical picture suggests traders lack conviction. Ethereum shows the weakest trend strength among the three majors, despite reclaiming $4,200. Solana faces conflicting signals with bearish short-term momentum fighting bullish long-term structure. The crypto market just lived through another violent reminder that leverage is a double-edged sword.…
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.🧨 A Historic Flush: ~$19B in Crypto LiquidationsFriday wasn’t just a bad day for crypto.It was the worst day in crypto’s existence.And all due to a miscommunication at…
In brief Meme coins including SHIB, PEPE, PENGU, BONK, and WIF are leading crypto’s recovery from Friday’s crash, pushing the total meme coin market cap to $69 billion. Friday’s selloff triggered nearly $20 billion in liquidations, the largest single-day wipeout in crypto history, as Bitcoin plunged from $121,000 to $109,000 before rebounding. Analysts told Decrypt…
Sci-fi survival game Eve Frontier is transitioning from the Ethereum-based Redstone gaming network to the layer-1 blockchain Sui. Game developer CCP Games told Decrypt the move wasn’t motivated by a financial grant, but because the network is aligned around a “deep philosophical direction for the game” and the “future of virtual worlds.”Over the coming months,…
In brief Aster has delayed its airdrop from October 14 to October 20, due to “potential data inconsistencies” leading to miscalculated token allocations. The announcement said that “for most users,” the new figures should not be lower than what they have already been shown. It comes just hours after the airdrop checker went live, which…
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 slightly lower; Bitcoin at $121,500 ZEC continues to lead top movers, up 19% to $230 JPMorgan says SOL ETFs will…
In brief MetaMask users can trade derivatives using Hyperliquid’s infrastructure. The self-custodial wallet plans to add support for Polymarket. MetaMask users can earn rewards, including Linea’s native token. Popular crypto wallet MetaMask unveiled native support for Hyperliquid on Wednesday, allowing users to more easily speculate on the price of various cryptocurrencies through the up-and-coming decentralized…
In brief Bitcoin’s dominance hit 59% as its price surged to a new all-time high above $125,500. Experts say a true altcoin season is delayed, not cancelled, awaiting a BTC consolidation. A drop in Bitcoin dominance below 55% could trigger the next rotation into altcoins. Bitcoin cemented its dominance over the crypto market this weekend,…
In brief The Defiance prospectus covers proposals for 49 ETFs offering three times leveraged long and short exposure. The offerings include products focused on Coinbase, BitMine Immersion, Strategy, and ETFs tracking the prices of Bitcoin, Ethereum, and Solana. Defiance already offers a number of two times leveraged funds for Strategy and Robinhood, among other firms.…
In brief Tron founder Justin Sun unveiled a Hyperliquid competitor Among other features, it will feature “dark pools.” The exchange is named after a mythological character. As Hyperliquid and Aster jockey for DeFi supremacy, Tron founder Justin Sun unveiled his own decentralized perpetual contracts exchange on Wednesday called SunPerp.The platform is designed to subsidize users’…
