Everything web3, crypto, defi, degen
In brief Bloomberg analyst Eric Balchunas calls Rex-Osprey DOJE the first US ETF to hold an asset with “no utility on purpose.” ETF filed under the Investment Company Act of 1940 instead of the Securities Act of 193, like other crypto ETF filings. Initial institutional adoption is initially, but market cap growth could attract attention,…
In brief European crypto asset manager CoinShares has announced plans to go public in the U.S. on the Nasdaq. The deal sees CoinShares enter an agreement with Vine Hill Capital Investment Corp. A number of crypto firms have gone public this year or have signaled plans to do so. European digital asset fund manager CoinShares…
In brief Dogecoin jumped 5.1% to $0.22, buoyed by news of a proposed ETF from REX Shares. TRON gained 2.4% after headlines tied to founder Justin Sun, while XRP added 2%. September’s rate cut expectations and renewed retail activity could set the stage for a stronger Q4. Altcoins are starting to rise, with Dogecoin leading…
In brief Dogecoin is one of the most valuable cryptocurrencies on the market, but it’s down 70% from its 2021 peak. While Bitcoin, Ethereum, and XRP all recently set new peaks, Dogecoin isn’t enjoying the same momentum. Experts tell Decrypt that the digital asset lacks use cases. Can a DOGE ETF really make a difference?…
In brief XRP momentum has faded after breaking an eight-year all-time high price. Solana charts tell a different story today than the price action would indicate. And Pump’s PUMP is pumping once again, but can it last? The crypto market has rolled into September with characteristic uncertainty, as “Red September” fears collide with mounting optimism…
In brief World Liberty Financial’s governance token hit a new low price on Thursday, just days after trading began. The token appears most popular among traders in South Korea, based on exchange volumes. Some analysts warned that the WLFI token could “decimate” retail investors, while presale buyers remain well in profit. World Liberty Financial, the…
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 chop with ETH leading; BTC at $111,000 CFTC clears Polymarket for US operations; departing chair issues warning Federal Reserve to…
In brief The TROLL meme coin team has secured an exclusive license to the Trollface IP, following a six-figure deal with the creator. Carlos Ramirez, the Trollface artist, will also earn an 11% royalty fee on net revenue produced by future TROLL meme coin merchandise. Seal, the pseudonymous community takeover lead for TROLL, called the…
In brief Pump.fun has introduced a dynamic fee model that looks to reward token creators on the platform. One Pump.fun livestreamer told Decrypt the move empowers small creators to make more money than on traditional platforms like Twitch. Over the past 24 hours following the update, $1.9 million was distributed to creators on the platform.…
In brief Alex Spiro, Elon Musk’s attorney, is leading a new digital asset treasury centered on Dogecoin. The treasury comes via a collaboration between the House of Doge and publicly traded firm, CleanCore. Shares in CleanCore finished down more than 50% on the day, while Dogecoin sits flat. The Dogecoin Foundation’s commercial arm—House of Doge—is…
