Everything web3, crypto, defi, degen
In brief Federal Reserve Governor Christopher Waller said stablecoins have the potential to improve retail and cross-border payments. He acknowledged some fear and skepticism toward innovation in payments. The Fed is researching tokenization, he said. Using cryptocurrencies to facilitate ordinary payments should be no more intimidating than swiping a debit card, Federal Reserve Governor Christopher…
In brief New York State Assemblymember Phil Steck proposed a 0.2% tax on crypto transactions that take place in the Empire State last week. The funds would help schools combat substance abuse upstate. Stablecoins will not be exempt, he said. New York State Assemblymember Phil Steck’s proposed tax on crypto transactions will not be modified…
CRYPTO LOWER, AI STOCKS WOBBLE, DAT WORRIES CONTINUECrypto lower ahead of Fed minutes. ETH ETF outflows hit $678m in 3 days. BTC fall linked to $400b drain from reverse-repo. Strategy stock hits 4-month lows after BTC buys. DATs now eclipse VC funding in 2025. Sharplink adds 12k ETH. Wyoming first state to launch stablecoin. Bessent…
In brief SkyBridge Capital boss Anthony Scaramucci predicted that Bitcoin will be “between $180,000 and $200,000” by the end of 2025. He pointed to supply-and-demand dynamics and institutional interest as major drivers. Scaramucci argued that large institutional investors will mainly opt for Bitcoin ETFs over corporate treasuries. Amid Bitcoin’s roughly 6% pullback this week, former…
In brief A federal judge ordered Eddy Alexandre and EminiFX to pay $228.5 million in restitution to victims of a crypto Ponzi scheme that promised fake weekly returns of 5% to 9.99% using nonexistent “AI trading technology.” Alexandre exploited his position of trust within Long Island’s Haitian community and his own church congregation to recruit…
In brief Crypto treasury firm Thumzup is planning to acquire Dogehash in an all-stock deal. Dogehash shareholders will exchange their holdings for 30.7 million shares of Thumzup stock. Thumzup recently raised $50 million to expand its mining capabilities and digital asset treasury. Trump family-backed, cryptocurrency treasury firm Thumzup Media is planning to acquire Dogecoin mining…
In brief Stablecoin supply climbed to $160 billion, with $32 billion on exchanges and daily inflows topping $1.2 billion, creating the largest pool of deployable capital in crypto history. Bitcoin, Ethereum, and XRP posted modest 24-hour gains as markets consolidate ahead of a possible September Fed rate cut. While some analysts see the surge in…
In brief Doop, an app that pays users to take photos of their poop, is expected to launch its public beta this fall. It will use an AI agent to analyze the photos to provide custom tips and challenges based on the results. Further down the line, the dataset will be sold to organizations and…
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 Stablecoin issuer Tether has appointed Bo Hines, former crypto advisor to the Trump administration, as a strategy advisor. Hines left his role as President Trump’s crypto advisor last week, after helping shape the landmark GENIUS Act. In his new position, Hines will help Tether “shape and execute the company’s U.S. market entry.” Stablecoin…
