Everything web3, crypto, defi, degen
In brief Bitcoin’s volatility has plunged this year. Analysts at JP Morgan think this should make the asset more attractive to investors. The leading cryptocurrency’s price should be at $126,000, they said. Bitcoin’s price should be higher as its volatility has plunged and the asset has become more attractive asset for institutions, JP Morgan analysts…
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 SubstackGM!Today’s top news: Crypto majors red but moving higher after Trump moved to fire Fed Governor Lisa Cook ETH ETFs see $444M in net inflows,…
In brief Trump Media is working with Crypto.com to build a crypto treasury with $6.4 billion in backing. The treasury will be made up of Cronos (CRO). Trump Media’s Truth Social will also use CRO as a rewards and utility token. It’s the latest crypto-related business venture by one of President Trump’s companies. Trump Media…
In brief Nasdaq-listed Sharps Technology is raising $400 million to buy Solana. The medical device company is the latest to adopt a Solana treasury strategy. A number of publicly traded firms are putting cryptocurrency on their balance sheets. Nasdaq-listed medical device company Sharps Technology’s stock boomed on Monday after the firm said it would pivot…
In brief Strategy purchased roughly 3,000 Bitcoin worth $357 million. The company issued common stock to fund the purchase. The move conflicted with a newly adopted equity issuance policy. Strategy, formerly MicroStrategy, purchased $357 million in Bitcoin last week, selling common stock to fund acquisitions for the first time in nearly a month, the company…
In brief SharpLink Gaming unveiled $1.5 billion in potential stock buybacks. The company traded at a slight premium to its Ethereum holdings. SharpLink’s stock price surged more than 15% on Friday to $20.83. SharpLink Gaming can repurchase up to $1.5 billion worth of common stock under a newly authorized repurchase program, the Ethereum treasury firm…
In brief Ethereum hit a new all-time high price, breaking a record set back in 2021. The second-biggest cryptocurrency had lagged behind Bitcoin in gains, and long lingered well short of its previous peak. Institutional adoption and a favorable regulatory landscape have helped the coin in recent months. Ethereum hit a new all-time high price…
In brief SkyBridge Capital boss Anthony Scaramucci predicted that Bitcoin will be “between $180,000 and $200,000” by the end of 2025. He pointed to supply-and-demand dynamics and institutional interest as major drivers. Scaramucci argued that large institutional investors will mainly opt for Bitcoin ETFs over corporate treasuries. Amid Bitcoin’s roughly 6% pullback this week, former…
In brief James Chanos warns that Strategy’s $51 million Bitcoin buy signals weak demand for its preferred stock offerings and criticizes the company for loosening shareholder protections. Strategy modified its equity issuance policy by adding “when otherwise deemed advantageous”, with Chanos alleging it gives CEO Michael Saylor more flexibility to dilute shares at lower valuations.…
For many years, the idea that publicly traded corporations might buy Bitcoin for their reserves was considered laughable. The top cryptocurrency was considered too volatile, too fringe to be embraced by any serious business.That taboo has been well and truly broken, with a number of major institutional investors buying up Bitcoin in recent years.The floodgates…
