Markets

Moon or Doom: What’s Next for Bitcoin and XRP?

In brief Myriad prediction market users currently favor bullish moves for both Bitcoin and XRP. Bitcoin hit a new all-time high over the weekend, and XRP last hit a record price in July. The charts currently lean bearish, but sentiment undoubtedly favors the “moon” scenarios. As “Uptober” nears the midway point, crypto traders are positioning…

Opinion

Morning Minute: Bitcoin vs Gold and the Race to New ATHs

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 on the day, Bitcoin holds at $123,000 ZCash soars 35% leading all crypto movers; RAIL jumps 100% Jack Dorsey’s…

Coins

Solana DeFi Exchange Jupiter to Launch Native Stablecoin

In brief Solana DEX aggregator Jupiter has tapped Ethean to launch its own stablecoin. JupUSD is expected to launch in Q4 and will initially be collateralized by USDtb, Ethena’s short-term treasury-backed stablecoin. The total stablecoin market cap has grown by more than 75% in the last year and now sits above $300 billion. Jupiter, a…

Business

EU Risk Watchdog Sounds Alarm on Stablecoin Safeguards

In brief EU regulators have warned that cross-border schemes could create redemption pressures in the bloc, forcing ECB intervention. The EU has one of the world’s strictest crypto regimes and requires stablecoins to be fully backed by reserves. The stablecoin market is currently valued at over $300 billion, dominated by U.S. dollar-based tokens. The European…