Everything web3, crypto, defi, degen
In brief Ethereum came within $200 of its all-time high Thursday, and could reach $5,000 driven by strong institutional demand and over $1.3 billion in ETF inflows last week. Analysts cite robust on-chain metrics, whale accumulation, and supportive macroeconomic conditions as key factors supporting the rally. The upcoming Fusaka upgrade expected in November promises major…
In brief BNB leads the top 10 coins by market cap with 85.6% YTD gains, far outpacing Ethereum and Bitcoin. The rally has been fueled by interest in the Aster DEX, surging on-chain activity, and institutional interest. Experts have queried whether the rally is sustainable, pointing to overbought technical indicators. While Bitcoin and Ethereum have grabbed…
In brief MIT’s Muriel Médard says “control doesn’t scale,” making decentralization inherently efficient. Her firm Optimum tested a new network layer that spread Ethereum blocks 6.5× faster than Gossipsub. Faster data sharing could make blockchains more efficient and lower transaction costs across networks. New research work led by a top MIT researcher suggests that decentralization…
In brief Crypto wallet MetaMask will launch a rewards program with over $30 million in incentives for users. The rewards push will begin ahead of the wallet’s upcoming token launch. The rewards will include LINEA tokens from the Consensys Ethereum layer-2 network, Linea. Popular crypto wallet MetaMask is launching a program that will distribute over…
In brief EY’s Paul Brody said privacy has become a baseline requirement for institutional adoption. Tether co-founder Reeve Collins described a new stablecoin model built on transparency and user participation. dYdX’s Charles d’Haussy said institutional money entering crypto today is more disciplined and analytical than in past cycles. Crypto is entering a steadier phase, shaped…
In brief Steakhouse, a curator on Morpho, is sharing performance fees with Coinbase. The fees are derived from user repayments toward Bitcoin-backed loans. People are tapping the product to pay for cars and home improvements. Coinbase’s newest lending product is generating profits for the crypto exchange in several ways, but not all are reflected clearly…
In brief DeFi ecosystem 1inch has rebranded with a new 1inch.com domain, reflecting its commitment to user experience and decentralized finance’s growing importance for institutions. Co-founder Sergej Kunz argued that DeFi will become “indistinguishable” from traditional finance. 1inch has teamed up with Coinbase to integrate its Swap API into the crypto exchange’s app. DeFi ecosystem…
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 continue to grind up as Bitcoin breaks $120,000 BNB hits new ATH over $1,100 kicking off BNB SZN (Cake +…
In brief BNB reached an all-time high over $1,114, making it the highest gainer among the top 10 cryptos in the last 24 hours. The rally was fueled by $7.7 million in liquidated short positions, a reduction in BNB Chain transaction fees to $0.005, and speculation around a potential U.S. spot BNB ETF, analysts told…
In brief Addicted is a Solana-based cannabis farming simulator that pays users in WEED tokens. Players have taken to social media to brag about their crypto earnings as the price of WEED surges. However, the play-to-earn format has drawn claims that Addicted is a “Ponzi game.” Addicted, a Solana-powered cannabis farming simulator described as “unhinged”…
