Everything web3, crypto, defi, degen
In brief An Ethereum wallet belonging to an alleged Trump insider closed a massive Bitcoin short position Wednesday, netting $6.4 million in profits. The wallet previously earned close to $200 million earlier this month by shorting ETH and BTC ahead of the record-breaking crypto liquidations. The latest trade brings the wallet’s lifetime earnings to nearly…
In brief Investment bank Benchmark on Thursday raised the price target for Nasdaq-listed Bitcoin mining machine manufacturer Canaan. The company’s stock is up this week. Benchmark analyst Mark Palmer says the firm’s stock now is a good buy. Investment bank Benchmark raised Bitcoin mining hardware manufacturer Canaan’s price target to $4, citing the firm’s recent…
Every bull market attracts a new wave of scammers, and their attempts at fraud take many forms. We cover 11 different scams and how to identify them in our Support Center. Lately, scammers have found a new angle: impersonating Kraken recruiters and support staff. Their goal? To steal your trust first and your assets second.…
In brief Beyond Meat stock has dropped sharply from its Wednesday high, which came after it surged by 1,435% over six days. A prominent BYND trader believes this is just a healthy retrace after “mass hysteria” pumped the BYND stock. However, some analysts believe the hype will fade and the stock will return to its…
In brief Predictors on Myriad are leaning bullish while crypto majors range. Odds have swung back in favor of Bitcoin reaching $120K before $100K, and ETH hitting $4,500 before $3,100. With just two teams left, odds for the Los Angeles Dodgers to win the World Series have hit 70%. Crypto traders are undecided about which…
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…
In brief Solana Company says it has deepened its on-chain strategy by adding Twinstake and Helius as institutional validators, expanding its $396 million Solana treasury. The Nasdaq-listed firm, formerly a medical device maker, has rebranded as a Solana-focused treasury vehicle after a 96% stock decline this year. Chairman Joseph Chee said the firm is “leaning…
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 Indian crypto exchange WazirX will resume operations on October 24 with zero trading fees across all markets. Trading and withdrawals will resume the same day, with full functionality by Monday. The platform has partnered with BitGo for institutional-grade custody solutions. Indian crypto exchange WazirX will restart operations on October 24 with zero trading…
In brief An Ethereum whale has bought $32 million in ETH, signaling institutional interest amid corporate accumulation. A Solana whale sold $93 million, indicating “waning whale confidence” in the asset. A Bitcoin whale netted $835,000 profit, closing a short position as the market hints at a potential bottom. With Bitcoin trading in a tight range,…
