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 mixed ahead of CPI; ETH leads +2% to $4,280 ETH ETFs post first $1B day; Tom Lee acquires 1.2M ETH…
In brief Stripe is reportedly building a payments-focused Layer 1 blockchain called Tempo with VC firm Paradigm. The stealth project was revealed via a job listing on the Blockchain Association’s careers board. Analysts say Tempo could offer predictable fees and performance, but success may hinge on privacy and openness. Stripe, a private financial technology firm…
In brief Kaia registered four KRW-related trademarks earlier this month; Kakao and Kakao Pay sit on its governance council. Competing bills and an administration framework would set rules on licensing, reserves, equity requirements, interest treatment, and banks’ roles. Foreign exchange controls and planned reporting for cross-border crypto flows could limit early use cases, relative to…
In brief Jeff Bezos’ Blue Origin is accepting cryptocurrency payments for flights to space. Crypto holders can use Bitcoin, Ethereum, and Solana to snag their seat on the firm’s New Shepard spacecraft. Crypto payments are facilitated by global payments firm, Shift4. Amazon founder Jeff Bezos’ rocket and space exploration firm Blue Origin is now accepting…
In brief Chinese tech giant Ant Group has said claims it’s working on a rare earth RMB stablecoin are false. It comes amid exploration of stablecoin uses by Chinese e-commerce firms. Hong Kong’s stablecoin regulatory regime has been a key driver for increased interest. Chinese tech giant Ant Group has denied online rumors that it…
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 jump on 401(k) news; ETH passes $3,900 SEC and Ripple drop legal battle for good; XRP jumps 7%…
In brief Anchorpoint, a new joint venture between Standard Chartered and Animoca Brands, will apply for a license under Hong Kong’s new stablecoin framework. Hong Kong launched its fiat-referenced stablecoin licensing regime at the start of August. Animoca Brands’ Yat Siu told Decrypt that regulation could unlock stablecoin adoption and innovation. Standard Chartered and Animoca…
In brief Block purchased 108 BTC during Q2 with a cost basis of $11 million. Its total bitcoin investment is now valued at $1.15 billion, with $2.14 billion coming from Bitcoin sales through Cash App. The company recognized $212.2 million gain on bitcoin remeasurement during the quarter. Jack Dorsey’s Block Inc. continued its bitcoin accumulation…
In brief Ripple CTO David Schwartz thinks experimentation is good for blockchains. The XRPL EVM Sidechain debuted in June. The network features smart contracts and uses XRP as its native token. XRP Ledger’s Ethereum sidechain could lead to more experimentation within the network’s ecosystem, while potentially attracting fresh talent, according to Ripple CTO David Schwartz.A…
ETH NEARS $4K, TRUMP TARIFFS BEGIN, REKT HITS ANOTHER ATHETH leads majors, Tom Lee calls for $16k price target. US set to allow crypto in 401k plans. ETH daily transactions near record. Sell Gold, Buy BTC: Lummis. Indonesia evaluates BTC reserve. Tornado dev found guilty of 1 out of 3 charges. US adds 21.6% tariff…
