Everything web3, crypto, defi, degen
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…
In brief Nyan Cat creator Chris Torres has redeemed nearly 4,000 SOL (worth $706,000) in royalties from tokens launched on the Bags platform. One Nyan Cat token hit a $12 million market cap. But Torres views meme coins as the “wild west” and won’t endorse any tokens, preferring to focus on his 15-year art career.…
In brief Coinbase is raising $2 billion in convertible notes for acquisitions and general corporate purposes amid analyst concerns over Q2’s 25% revenue drop. Two Seas Capital, Core Scientific’s largest shareholder with 6.3% stake, opposes the $9 billion all-stock sale to CoreWeave as “inadequate valuation.” Block Inc. added 108 Bitcoin to its corporate treasury in…
In brief CrediX’s team “has disappeared” following a $4.5 million exploit. A CrediX security report was addressed to users with “Fam.” Stability DAO, which was affected, is prepping a legal report. CrediX’s team has grown increasingly quiet since hackers swiped $4.5 million worth of crypto from the decentralized finance protocol on Monday.On Friday, blockchain security…
In brief A pseudonymous group has taken credit for disruptions at multiple WNBA games. Sex toys thrown on courts are a marketing ploy to increase visibility of the $DILDO meme coin. Group members have mocked women’s sports and are planning further incidents. A pseudonymous group behind a meme coin called Green Dildo Coin has claimed…
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 The physical hat worn in the cute image associated with Solana meme coin Dogwifhat sold for $792,696 on Thursday night. It was won by Finn, the founder and CEO of rising token launchpad Bags, who says he will give it “back to the community.” Finn claims to have used the fees associated with…
In brief OpenAI unveiled GPT‑5 today during a livestream event, following weeks of speculation. The company released two open-weight models earlier this week. After weeks of speculation, OpenAI unveiled the next generation of its flagship AI model, GPT‑5. The new model, which creates a simpler interface to the world’s most popular AI platform, arrives amid…
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…
In brief Privacy advocates call coin mixers a necessary tool for protecting anonymity. Government officials call coin mixers tools for money laundering. Billions in crypto have changed hands using coin mixers. Coin mixers have captured the attention of both the cryptocurrency community and regulators as the battle for privacy ramps up.In 2021, the founder of…
