Everything web3, crypto, defi, degen
America’s biggest crypto exchange Coinbase became the latest company in the digital asset space to apply to the Office of the Comptroller of Currency (OCC) for a national trust charter.The public company announced the move on Friday, following in the footsteps of stablecoin issuers Circle and Paxos, and fintech Ripple.If approved, Coinbase said it would…
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…
We are excited to announce we’ve enhanced our equities offering for U.S. users, introducing a suite of new features designed to provide a seamless and comprehensive trading experience. These additions aim to further bridge the gap between traditional finance and digital assets, offering investors a unified platform to manage their portfolios. What’s new? 1. Seamless…
In brief Avalanche Treasury Co. is merging with Mountain Lake Acquisition Corp. in a $675 million deal, targeting a Nasdaq listing in Q1 2026 with $460 million in treasury assets. An exclusive Avalanche Foundation partnership includes a $200 million initial AVAX purchase at a discount, offering investors 23% savings versus direct purchases. The firm’s goal…
In brief A former Singapore Armed Forces diver stole $1.7 million in USDT after photographing the victim’s seed phrase in their bedroom. He spent the money on luxury watches, gambling and mortgage payments. Seed phrases are the master keys to crypto wallets and a major target for hackers worldwide. A former Singapore Armed Forces (SAF)…
In brief The U.K. government is seeking to keep most of the £5 billion ($7 billion) in Bitcoin it seized in 2018 from Zhimin Qian, who has pleaded guilty to possessing criminal property. The fraud’s victims have opened civil proceedings aimed at securing compensation, with the first hearing due in January. Legal experts suggest that,…
In brief The IRS and Treasury Department issued new guidance. Strategy no longer expects to become subject to CAMT. Shares rose 4.6% to $337 on Wednesday as Bitcoin jumped. Strategy, the world’s largest corporate holder of Bitcoin, is no longer anticipating a multi-billion tax liability from an increase in the value of its $75 billion…
In brief Phantom designed its own stablecoin—CASH—to underpin its new consumer financial platform Phantom Cash. Phantom Cash will offer unique features like peer-to-peer transactions, a Visa debit card, and rewards on unspent CASH. The wallet provider raised $150 million in January at a $3 billion valuation. Popular Solana crypto wallet Phantom unveiled CASH, a new…
In brief Bakkt’s share price was up about 17% on Tuesday. Benchmark raised its price target to $40, highlighting three areas for potential growth. The investment bank called the stock’s recent rally “a validation” of moves Bakkt CEO Akshay Naheta has made. Bakkt Holdings stock price jumped 17% on Tuesday, adding to its recent rally…
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 but pulling back after Monday rally; BTC at $113k SWIFT partners with Consensys to bring payments onchain SEC &…
