Everything web3, crypto, defi, degen
In brief MegaETH has attracted $350 million in pre-deposits at a “hypothetical” fully diluted valuation of $7 billion, just hours after opening its initial coin offering. The “hypothetical” fully diluted valuation is only the result of the ICO’s oversubscription. Once allocations have been determined, MEGA will have an FDV of $999 million. The Ethereum layer-2…
In brief Ant Group has filed to register the “ANTCOIN” trademark in Hong Kong, covering digital wallets, online payments, and stablecoin services. The filing follows the group’s recent crypto and blockchain initiatives, including USDC payment pilots and energy asset tokenization. Observers say the move is being done to “protect” the group’s interest and manage risk…
In brief Zcash has drawn renewed speculative attention ahead of its November halving, with traders positioning around the privacy coin narrative. Endorsements from prominent investors and revived privacy debates have fueled market activity despite limited on-chain growth, Decrypt was told. The rally’s sustainability hinges on post-halving sentiment and whether user adoption can extend beyond short-term…
In brief Bitcoin rose 3.5% over the weekend to $115,400 as optimism grew over easing U.S.–China trade tensions. Officials from both countries reached a preliminary framework in Malaysia, boosting risk appetite across global markets. Market sentiment on Myriad skewed toward “greed,” while analysts cautioned that on-chain activity hasn’t yet confirmed the rally. Bitcoin and the…
In brief Experts warn insider trading in sports gambling could surge as betting on games shifts to CFTC-regulated prediction markets. The CFTC, which regulates sports and other prediction markets, has little experience in monitoring sports betting, and limited capacity to do so given its staff size, the experts said. Supporters say on-chain transparency helps prediction…
In brief SpaceX moved more than 1,200 BTC—or $133 million in funds—on Friday. The transfers follow similarly sized moves from earlier this week. Details on the firm’s plans are not yet known. Elon Musk’s space exploration company, SpaceX, moved more than $133 million in Bitcoin on Friday, according to blockchain analytics firm Arkham Intelligence. The firm…
In brief Custodia and Vantage have unveiled a live network for tokenized deposits across U.S. banks. The system enables switching between deposits and GENIUS Act–compliant stablecoins. The platform awaits final regulatory approval to start at scale, Custodia CEO Caitlin Long confirmed with Decrypt. Custodia Bank and Vantage Bank Texas have unveiled a live platform for…
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 rebound another 1-2%; BTC at $111,000 Trump pardons CZ; brief bounce in BNB eco tokens JPMorgan to allow spot crypto…
In brief Meteora debuted its token on Thursday, airdropping MET to users. The project says it worked to blacklist “malicious bad actors” from receiving tokens. Two wallets tied to the controversial Melania Trump meme coin were airdropped $1.2 million worth of MET, raising concerns among crypto market observers. Three wallets linked to the President Trump’s…
In brief Solana Company says it has deepened its on-chain strategy by adding Twinstake and Helius as institutional validators, expanding its $396 million Solana treasury. The Nasdaq-listed firm, formerly a medical device maker, has rebranded as a Solana-focused treasury vehicle after a 96% stock decline this year. Chairman Joseph Chee said the firm is “leaning…
