Everything web3, crypto, defi, degen
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, led by SOL; BTC at $115,000 SOL hits $238 on back of FORD DAT $1.65B raise; SOL memes +…
In brief ModStealer spreads through fake recruiter ads using obfuscated code. It targets browser wallets and hides by disguising itself as a background helper. The malware poses a direct threat to crypto users and platforms, Decrypt was told. A new malware strain that can slip past antivirus checks and steal data from crypto wallets on…
In brief Bitcoin briefly swelled to a 19-day high, driven by cooler U.S. inflation data that has increased expectations of a Federal Reserve rate cut. The crypto market’s bullish sentiment is also fueled by significant ETF inflows and a decline in selling pressure. Experts are optimistic about Bitcoin’s future, with expectations of a “big surge”…
In brief Figure shares closed 24% above their IPO price at $31.11 on Thursday. The company uses a blockchain-based platform to facilitate loans. Analysts foresee the IPO advancing tokenization narratives in the mainstream. Figure Technologies shares closed above its initial offering price on Thursday, the latest indication of investors’ interest in crypto-native firms on Wall…
In brief Figure Technologies and its investors raised $787.5 million through its IPO. It is among several crypto firms that have debuted on Wall Street this year. The market cap of Figure’s tokenized HELOC loans is $12.5 billion. Blockchain lender Figure Technologies was set to begin trading on the Nasdaq on Thursday under the ticker…
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 rip after a soft PPI print; BTC hits $114,000 Forward Industries closes $1.65B raise to buy SOL; SOL at $225…
In brief Hayes has accumulated about $995,000 worth of ENA in the past two days, according to Arkham Intelligence. Ethena, backed by BlackRock, has pledged to route 95% of USDH revenue to Hyperliquid and cover migration costs. Native Markets leads the race with 90% odds, while Paxos revised its proposal and secured a Kraken listing…
In brief Gemini is upsizing its IPO target, anticipating selling shares between $24-26. The firm initially expected to offer more than 16 million shares between $17-19. It will trade under the ticker GEMI when it hits the market, expected on Friday. American crypto exchange Gemini increased its expected initial public offering (IPO) share price to…
In brief Projects are fighting over who will take control of the USDH ticker to create a “Hyperliquid-aligned” stablecoin. Major companies like Ethena, Paxos, Sky, and Agora have submitted proposals, most of which include a way to give back to the Hyperliquid community. But the relative newcomer Native Markets is currently looking most likely to…
In brief Chainlink is expanding partnerships with U.S. agencies to bring more government functions on-chain beyond their current Department of Commerce collaboration. The company is starting with feeding public economic data into crypto markets, but has longer-term goals of bringing U.S. elections onto blockchain systems. Nazarov says blockchain election verification technology is ready, but implementation…
