Everything web3, crypto, defi, degen
In brief More than $19 billion worth of crypto positions were liquidated on Friday amid a flash crash. Market experts believe that increased amounts of leverage in crypto could be creating systemic risk, with leverage cascades potentially becoming a more common occurrence. It comes as Hyperliquid and Aster have made high levels of leverage more…
In brief Shares in Ethereum treasury firm ETHZilla fell more than 5% after it announced a reverse 1-for-10 stock split. Outstanding shares will shrink from around 160 million to 16 million when the split is effective next week. ETHZilla holds around 102,000 ETH valued above $400 million. Shares in publicly traded Ethereum treasury firm ETHZilla…
In brief Erebor became the first crypto bank to win a conditional federal charter under the Trump administration, and only the second ever after Anchorage Digital. Backed by Palmer Luckey and the firms of Joe Lonsdale and Peter Thiel, Erebor will soon likely join Anchorage in having certain advantages regarding the issuance of stablecoins under…
In brief Coinbase added Binance’s BNB token to its listing roadmap on Wednesday. BNB is the fourth-largest digital asset by market capitalization. Coinbase delisted the Binance-branded BUSD stablecoin amid regulatory scrutiny in 2023. Coinbase added BNB to its listing roadmap on Wednesday, signaling support for the cryptocurrency issued by its biggest competitor, Binance.Offered to the…
In brief Volatility Shares has filed to launch crypto ETFs that would give investors amplified exposure to Bitcoin, Ethereum, Solana, XRP, and various stocks. Such ETFs use leverage to maximize returns for investors. But investors can lose a lot of money buying such ETFs too. As if crypto trading isn’t already volatile enough, ETF manager…
In brief Joe Moglia, former TD Ameritrade chairman and current chair of Ethereum treasury FG Nexus, says every stock, option, mutual fund, and ETF will be tokenized within five years. FG Nexus is also exploring the tokenization of its reinsurance company’s risk exposure. Industry experts say the timeline is plausible, even with infrastructure challenges including…
In brief CME is facilitating options trades for Solana and XRP futures. So far, CME’s website shows five contracts outstanding for each asset. CME’s Solana futures were more popular than XRP alternatives in the third quarter. CME Group said on Tuesday that it has begun facilitating trades for options on Solana and XRP futures, giving…
In brief Bitcoin and Ethereum have stabilized after recent volatility, with BTC trading above $112,000 and ETH near $4,100. The two-week U.S. government shutdown has delayed key economic data releases, including the September CPI report now rescheduled for October 24. Despite data delays, Fed Chair Powell indicated the committee still has enough information to proceed…
By Perry Scott, Kraken Sr. Manager Policy & Government Relations There was the creation of the Eurobond market in the 1960s, which London and New York together transformed into a foundation for global capital flows. Then the post-financial crisis reforms of the G20 era, where U.S. and U.K. leadership drove international standards on clearing, risk…
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 fall as China trade war rhetoric escalates; BTC at $111k Gold hits another new ATH as Bitcoin and crypto lags…
