Everything web3, crypto, defi, degen
TL;DR Macro set the mood: the hosts discussed US–China headlines, a widely expected 25 bps Fed cut and a cooler CPI print alongside a mixed earnings season. Crypto = range city: BTC and ETH both sat between big support and big resistance, producing fake-outs in both directions. Alts: First things first: Alts got absolutely murdered…
In brief Strategy last week spent $45.6 million on 397 Bitcoins, one of its smaller buys. It now holds 641,205 digital coins worth $69.1 billion. The Bitcoin treasury’s stock was down slightly on the news. Bitcoin treasury Strategy added 397 digital coins for around $45.6 million—an average price of $114,771 per coin—in one of its…
In brief Brazilian Bitcoin treasury OranjeBTC started trading publicly on October 7. The company owns 3,708 BTC, worth $408.3 million. But it has already halted buying Bitcoin, and is instead buying back its own shares. Brazil’s biggest Bitcoin treasury OranjeBTC has halted purchasing BTC and instead has bought back its own shares, the publicly traded…
Claims that Binance helped with Trump Launch for CZ Pardon! Coinbase $1.9B in revenue!Crypto majors are down 1-3% after a major post-fomc dip yesterday; btc -3% at $110,100, eth -3% at $3,900, bnb +1% at $1,120, sol -2% at $192. Zec (+2%) and aero (+2%) led top movers. 870m+ was liquidated from the crypto market…
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 2-3% after Powell says rate cut not certain in December US Senator claims Binance helped with TRUMP launch for…
In brief American Bitcoin has acquired 1,414 Bitcoin, the company said Monday. Bitcoin was trading above $115,500, its highest level in two weeks. More than 200 companies have built Bitcoin treasuries. American Bitcoin (ABTC), the publicly traded Bitcoin treasury and mining company backed by Eric Trump and Donald Trump Jr., has added 1,414 Bitcoin currently…
In brief Citi has given Strategy a “buy” rating and a price target of $485. But the bank warned that the stock could dip with the price of Bitcoin. Strategy closed Tuesday trading at nearly $302 per share. Citi has given Strategy stock a “buy” rating and a price target of $485, citing the investment…
In brief Ethereum treasury SharpLink Gaming had not bought ETH for over a month. The Nasdaq-listed company added 19,271 ETH to its balance sheet last week, when the price of the asset dropped. SharpLink Gaming now holds 859,853 ETH, now worth over $3.5 billion. Ethereum treasury firm SharpLink Gaming announced Tuesday that it added nearly…
In brief The deal raises roughly $231 million payable in BTC or SolvBTC, issued by Solv Protocol. Zeta says the transaction enhances its balance sheet and reflects confidence in Bitcoin’s fundamentals. The group touts the deal as a way to fuse Bitcoin’s scarcity with sustainable yield. Nasdaq-listed fintech firm Zeta Network Group has entered into…
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 red again as Trump confirms trade war; Bitcoin at $111,200 Paxos accidentally mints $300T PYUSD onchain before burning Erebor Bank…
