Everything web3, crypto, defi, degen
In brief Dimitri “Capybara Stocks” Semenikhin has emerged as the leader of the Beyond Meat meme stock movement, akin to Roaring Kitty during the GameStop craze. Semenikhin is a 28-year-old Russian man living in Dubai and working for his family real estate development company. He started posting on Reddit under the Capybara Stocks pseudonym as…
In brief Trump has tapped SEC Crypto Task Force Chief Counsel Mike Selig to lead the CFTC, signaling closer coordination on pro-crypto regulation, per Bloomberg. The pick is a victory for Tyler and Cameron Winklevoss, who pushed Trump to drop prior nominee Brian Quintenz after clashes over Gemini’s past CFTC case and other issues. Selig…
In brief DraftKings acquired prediction market platform Railbird but will focus on states without legal sports betting to avoid jeopardizing its existing gambling licenses. Bitcoin mining rig maker Canaan received a $4 price target from Benchmark analysts after a dramatic turnaround from near-delisting at $1, with shares up 18% for the week. Payments processor Zelle…
In brief Rumble is working with Tether to incorporate Bitcoin tipping in its video sharing platform. The firm adopted a Bitcoin treasury strategy and purchased its first tranche earlier this year. Shares of Rumble (RUM) fell slightly on Friday, now down more than 45% year-to-date. Publicly traded video sharing platform Rumble is integrating Bitcoin tipping,…
In brief Ethereum trades at $3,892 but faces massive market cap resistance. Gold’s nine-week rally just suffered its biggest drop in over a decade. Myriad prediction market odds favor ETH over gold. But it’s not an easy call. Here’s why. The race is on, and $5,000 is the finish line. But which asset gets there…
In brief A record $31 billion in Bitcoin options are set to expire on Halloween, surpassing last month’s $18 billion despite October’s flash crash that wiped out $19 billion in leveraged positions. Open interest at Deribit has reached an all-time high of $50.27 billion, with significant put contracts at $100,000 and call contracts at $120,000…
In brief Payments processor Zelle will use stablecoins to expand internationally. Zelle is owned by Bank of America, Capital One, JPMorgan Chase, PNC Bank, Truist, U.S. Bank, and Wells Fargo. The environment for stablecoins has improved following the passage of the U.S. GENIUS Act. Payments processor Zelle’s parent company said Friday that Zelle would start…
In brief Blockchain.com received its MiCA license in Malta, joining firms including Gate and Gemini. EU regulators have warned Malta over inconsistent supervision under the new crypto regime. The move comes as the island nation tightens restrictions on new crypto mining and licensing practices. Blockchain.com has secured a MiCA license in Malta, the latest in…
In brief Crypto.com filed an application with the Office of the Currency Comptroller (OCC) for a national bank trust charter. The firm joins a growing list of crypto companies seeking the charter, like Coinbase, Circle, and the Stripe-owned Bridge. National banks can now custody crypto, and more crypto-friendly regulation may be on the way—like access…
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 another 1-2%; BTC at $111,000 Trump pardons CZ; brief bounce in BNB eco tokens JPMorgan to allow spot crypto…
