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, SOL leads again; BTC at $112,700 Tom Lee 30x’s Moonshot bet on OCTO (WLD +75%) HYPE hits a new…
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 OpenSea is creating an NFT reserve, starting with a CryptoPunk on Ethereum. The firm is preparing for the final phase of pre-token rewards, starting with a prize vault filled with $1 million in ARB and OP tokens. The OpenSea Foundation is expected to announce SEA tokenomics in early October. Prominent NFT marketplace OpenSea…
In brief Traders are focused on key strikes in the options market as positioning turns defensive. Recent shifts in rate cut odds have weighed on sentiment heading into Friday’s remarks from Fed Chair Jerome Powell. A neutral tone from Powell could disappoint markets already pricing in a September cut. Bitcoin traders are closely monitoring two…
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 are slightly green after volatile day; BTC at $115,600 Tom Lee buys $1.7B in ETH in the past week, becomes…
In brief A Solana validator processed blocks with greater than 100,000 transactions per second in an experiment. The performance improvement was more than 25x the typical throughput of the Solana mainnet. Key Solana backers suggest that it means the network is ready for much more. The Solana network briefly processed more than 100,000 transactions per…
In brief Zora token surged 43% in 24 hours, gaining 129% weekly and 1,566% monthly following strong platform adoption. The Ethereum Layer-2 platform rewards creators for content sharing and was added to Base App in July for easier access. Recent surge driven by spike in coin creation activity (47,000 new tokens Sunday) and new Binance…
In brief Osborne compares the crypto moment to the 1980s Big Bang reforms and warns that the UK risks becoming irrelevant. FCA data shows that 12% of UK adults now hold crypto, as Singapore, Hong Kong, and Abu Dhabi pull ahead. Trade group CryptoUK and London startup Alvara spoke with Decrypt, calling for the legal…
In brief Built for formal verification, Simplicity avoids recursion, loops, and global state. Simplicity runs on the federated Bitcoin sidechain, Liquid. The project aims to attract institutions with auditable contracts for finance, custody, and asset issuance. Bitcoin infrastructure company, Blockstream, is betting it can do what others have failed to do: bring working smart contracts…
In brief GOAT Network launched a Bitcoin Layer 2 testnet with real-time ZK proofs under 3 seconds. The project aims to enable fast withdrawals and native BTC yield without altcoins or custodians. The system uses decentralized provers to eliminate delays and proof backlogs. GOAT Network launched a public beta Thursday for what it claims is…
