Everything web3, crypto, defi, degen
In brief Coinbase is listing the World Liberty Financial stablecoin, USD1. World Liberty Financial is backed by President Donald Trump and its sons. While a dollar-pegged stablecoin like USD1 won’t see a price jump from the listing, it could boost World Liberty’s visibility. The USD1 stablecoin from World Liberty Financial—a crypto project backed by President…
In brief Top markets on Myriad’s prediction market include questions about Satoshi’s wealth and Kanye’s token. Predictors are not as bullish on ETH than they were last week, in line with the asset’s recent fall. But predictors are even less bullish on Bitcoin booming for Satoshi, and YZY jumping 50% by the end of the…
In brief Ye, formerly Kanye West, launched an official meme coin on Tuesday, prompting other tokens that some investors believed were tied to the musician to crash and burn. Yeezy Coin and Swasticoin were launched approximately six months ago, with members of both communities believing they were part of a performance art piece or an…
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 mixed, ETH and SOL lead; BTC back to $113k BNB hits fresh ATH at $880 overnight before retracing Kanye tweets…
In brief YZY surged to a multibillion-dollar valuation within an hour of launch before tumbling. The token is framed as part of a broader “YZY Money” payments ecosystem. On-chain data shows 70% of supply sits in a single wallet, raising centralization concerns. Hip-hop artist Kanye West has made his first direct move into crypto with…
In brief Crypto markets have decidedly shifted from “greed” to “fear” as the rally cools and uncertainty sets in. Even still, crypto majors like Ethereum and Solana are showing resilient signs. The day’s biggest overperformer, though, may come as a surprise: Is Chainlink making a comeback? Crypto markets appear to be entering a cautious rebound…
In brief A judge ordered that $57.6 million in USDC associated with the Libra meme coin scandal be unfrozen. It follows the February launch of the Libra meme coin, which was promoted by Argentine President Javier Milei and crashed and burned within a matter of hours. The judge added that she is “skeptical” that the…
In brief Dogecoin whales have accumulated 300M DOGE tokens over the past week, as short-term holders sell at a loss. The profitability of investors who purchased the dog-based meme token over the past 30 days hovers around 9% after the recent crypto market correction. Experts suggest this capitulation is a forced transfer of wealth from…
In brief Crypto is in the red, with total market cap falling below $3.9 trillion. While all coins are feeling it, Dogecoin and XRP are getting it worse. The charts suggest there could be more downside to come. Crypto markets continue their slide, cooling off from a red hot July. Bitcoin, of course, sets the…
In brief Doop, an app that pays users to take photos of their poop, is expected to launch its public beta this fall. It will use an AI agent to analyze the photos to provide custom tips and challenges based on the results. Further down the line, the dataset will be sold to organizations and…
