Everything web3, crypto, defi, degen
In brief The U.S. Treasury has sanctioned 19 entities across Burma and Cambodia that it says scammed Americans out of $10 billion in 2024. The action targets networks using trafficked workers forced to conduct “pig butchering” scams through fake investment platforms and romance schemes. Networks often “rebrand” when sanctioned, but sanctions “disrupt scammers’ easiest routes,”…
In brief Hyperliquid has set a new all-time high as it pumped 22% over the past week. It comes after the network has opened proposals for teams to launch a stablecoin using the USDH ticker. Established stablecoin teams like Paxos, Frax Finance, and Agora have tossed their hats in the ring. Validator votes start Sunday.…
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 green, SOL leads again; BTC at $112,700 Tom Lee 30x’s Moonshot bet on OCTO (WLD +75%) HYPE hits a new…
In brief U.S. spot Bitcoin ETFs saw significant inflows of $368.25 million, the highest in a month, reversing recent outflows and signaling renewed institutional conviction. Institutional buying is linked to investor positioning ahead of key macroeconomic reports this week and the Federal Reserve’s upcoming rate decision. Simultaneously, a capital rotation pattern from Ethereum to Bitcoin…
In brief Multiliquid CEO Will Beeson has argued yield is important for stablecoins to scale in a competitive market. The GENIUS Act banned issuers from paying interest but leaves openings for third-party arrangements. Banks have warned loopholes could drive trillions in deposits out of the U.S. banking system. The clash between Wall Street and the…
In brief Kazakhstan will establish a State Digital Asset Fund to build a strategic crypto reserve. Crypto ownership among citizens has doubled in two years while mining generates millions in tax revenue. President Tokayev also warned of rising online fraud and pushed for a fully digitalized smart city. Kazakhstan President Kassym-Jomart Tokayev has proposed the…
In brief Ant Digital linked $8.4B in Chinese energy assets to AntChain, tracking 15M renewable devices. It raised 300M yuan ($42M) for three clean energy projects via tokenized assets, Bloomberg reported. Adoption is expected to remain institutional, with offshore listings hinging on regulatory approval, Decrypt was told. Jack Ma-backed Ant Group’s enterprise arm has reportedly…
Upbit, South Korea’s largest exchange by volume, confirmed plans on Tuesday to launch its own Ethereum Layer 2 network, GIWA, as part of a broader infrastructure push, a month after trademark filings hinted at the project.Shortly before the confirmation, Dunamu CEO Oh Kyung-seok teased details of the project in a keynote speech at the Upbit…
In brief Investors are bracing for revisions to U.S. payrolls, inflation updates, and the Fed’s September 17 rate call. Analysts warn overlapping events, including VIX futures expiry, could set off sharp swings in risk assets. Ethereum shows stronger trading momentum than Bitcoin, with rising open interest and sustained spot demand. Monday’s lull in trading for…
In brief If passed, Treasury would have 90 days to report on feasibility, legal authority, custody, and cybersecurity. The bill also calls for details on interagency transfers and balance sheet treatment of digital assets. Federal definitions could set benchmarks for custody and accounting across the industry, Decrypt was told. Two sections of a U.S. House…
