Everything web3, crypto, defi, degen
In brief Strategy purchased $43 million worth of Bitcoin. The purchase was funded through a combination of preferred shares. Citi analysts last week said Strategy shares could hit $485. Strategy spent $43 million on 390 Bitcoin last week, the company said in a press release on Monday, its largest purchase of the asset in nearly…
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 DraftKings acquired prediction market platform Railbird but will focus on states without legal sports betting to avoid jeopardizing its existing gambling licenses. Bitcoin mining rig maker Canaan received a $4 price target from Benchmark analysts after a dramatic turnaround from near-delisting at $1, with shares up 18% for the week. Payments processor Zelle…
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…
In brief Rumble is working with Tether to incorporate Bitcoin tipping in its video sharing platform. The firm adopted a Bitcoin treasury strategy and purchased its first tranche earlier this year. Shares of Rumble (RUM) fell slightly on Friday, now down more than 45% year-to-date. Publicly traded video sharing platform Rumble is integrating Bitcoin tipping,…
In brief Payments processor Zelle will use stablecoins to expand internationally. Zelle is owned by Bank of America, Capital One, JPMorgan Chase, PNC Bank, Truist, U.S. Bank, and Wells Fargo. The environment for stablecoins has improved following the passage of the U.S. GENIUS Act. Payments processor Zelle’s parent company said Friday that Zelle would start…
In brief Crypto.com filed an application with the Office of the Currency Comptroller (OCC) for a national bank trust charter. The firm joins a growing list of crypto companies seeking the charter, like Coinbase, Circle, and the Stripe-owned Bridge. National banks can now custody crypto, and more crypto-friendly regulation may be on the way—like access…
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 Five individuals have pleaded guilty in connection with FireBunnyUSA, a dark web vendor that distributed cocaine, MDMA, and ketamine between 2019 and 2022. Ringleader Nan Wu received a 6 1⁄2 year prison sentence and was ordered to forfeit 20 BTC, 3,297 XMR, and $12,857 in cash. The ring converted Monero into Bitcoin and…
In brief Coinbase’s new MCP tool lets AI agents hold wallets and send stablecoin payments. Payments MCP builds on Coinbase’s x402 protocol for machine-to-machine crypto transfers. Built-in wallet limits and compliance checks aim to keep AI spending safe and traceable. Coinbase is linking artificial intelligence directly to crypto payments with a new system built on…
