Everything web3, crypto, defi, degen
In brief The price of ETH has dropped by 4.4% in 24 hours, outpacing the wider crypto market decline. SharpLink and other firms have boosted their ETH treasury holdings. The market lift was offset by an exit queue of over 1 million ETH set to be withdrawn from staking, and ongoing network congestion. Ethereum’s price…
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 deep red down 3-6% ahead of PCE; BTC at $110,000 U.S. Commerce Dept begins publishing GDP data to blockchain with…
In brief A hacking syndicate allegedly stole $28.1 million (₩39 billion) from financial and crypto accounts of 258 wealthy Koreans, including celebrities and top business executives. The largest single crypto theft reached $15.4 million (₩21.3 billion), though authorities haven’t specified what portion of the total losses was in crypto. The case exposes systematic vulnerabilities in…
In brief 21Shares filed with the SEC for the first SEI ETF tracking the Sei blockchain token with potential staking rewards for additional yield. The application joins a set of altcoin ETF filings as fund managers target smaller digital assets beyond Bitcoin and Ethereum. Canary Capital filed a similar SEI ETF application in May. Asset…
In brief Ethereum has gained 17% over the past month while Bitcoin slipped 5.5%. ETH ETFs have attracted $1.2 billion in inflows after mid-August outflows. Solana advanced 7% over the same period with a sharp rise in DEX trading volumes, though remains under pressure from a sliding DEX trader count. Ethereum’s ability to draw institutional…
In brief Luxxfolio is transitioning from Bitcoin mining to a digital asset treasury strategy centered on Litecoin, paired with infrastructure plans. It comes as the firm posted zero revenue and a net loss of $197,000 in Q2, with just $112,000 in cash and cumulative losses nearing $19 million. Litecoin treasuries may attract institutions if tied…
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…
In brief American Bitcoin is reportedly eyeing a Nasdaq debut in September. The firm is 80% owned by Bitcoin miner Hut 8. American Bitcoin owned 215 Bitcoin in June. American Bitcoin, a Bitcoin miner that’s partially owned by two of U.S. President Donald Trump’s sons, is inching closer to its public debut, targeting September for…
In brief Altcoin Season Index data suggests market rotation as Bitcoin dominance drops. Ethereum continues to build momentum while Bitcoin’s appears to stall. But one altcoin stood above the rest today: Crypto.com’s Cronos, or CRO. Here’s why Grab your umbrellas crypto traders, it looks like altcoin season might be here again.Altcoin season refers to periods…
In brief Fenwick & West moves to dismiss lawsuit alleging the law firm aided FTX’s multi-billion dollar fraud, arguing it had no knowledge of wrongdoing. Firm claims it only provided “routine and lawful legal services” despite bankruptcy examiner finding “exceptionally close relationships” with FTX leadership. Lawyers argue plaintiffs are recycling allegations from a dismissed case…
