Everything web3, crypto, defi, degen
About the AuthorPorter Stowell is CEO of W3.io, the company building Web3’s first programmable intelligence layer. He’s held senior roles at IBM Blockchain, Coinbase, and Filecoin, where he honed his expertise across Web3 infrastructure and ecosystems. The views expressed here are his own and do not necessarily represent those of Decrypt.With the GENIUS Act now…
In brief An ancient whale moved 306 Bitcoin. When it was first funded, Bitcoin traded around $75. The asset’s latest rally has awoken some long-term holders. A wallet that held more than 300 Bitcoin for over a decade was emptied on Friday as the asset’s price fell to a three-week low, blockchain data shows.The wallet,…
In brief The overall crypto market is down just over 3% in the last week. Is it time to panic? Bitcoin remains relatively stable compared to meme coin counterparts. The technical picture remains overall bullish. The next few trading days could prove crucial. There are two kinds of people in the crypto world: those who…
In brief Showrunner users can create full episodes with prompts or photos, and share content on platforms like YouTube. Founder Edward Saatchi told Decrypt the company is in talks with studios, with plans to build purpose-trained models around official storyworlds. The startup is backed by Amazon’s Alexa Fund, though investment terms remain undisclosed. A startup…
In brief Michael Saylor is marketing Strategy’s Bitcoin-backed preferred stock STRC to retirees, offering 9.5% yields versus 0.1-4% from traditional savings accounts. Strategy reported $10 billion quarterly profits as Bitcoin surged from $77,000 to $111,000, with the company now holding 628,800 Bitcoin worth $74 billion. The preferred securities are backed by collateral covering 120 years…
In brief Pseudonymous “SharpLink Whale” currently holds $3 million worth of ETH treasury company but no actual Ethereum. The trader told Decrypt he is willing to pay a premium on the asset for the company to custody and yield millions of dollars worth of Ethereum for him. However, he warns against copycat Ethereum treasury firms,…
In brief Built for formal verification, Simplicity avoids recursion, loops, and global state. Simplicity runs on the federated Bitcoin sidechain, Liquid. The project aims to attract institutions with auditable contracts for finance, custody, and asset issuance. Bitcoin infrastructure company, Blockstream, is betting it can do what others have failed to do: bring working smart contracts…
In brief Nasdaq-listed Fold is partnering with prepaid gift-card provider Blackhawk Network. The deal will result in Fold’s Bitcoin gift cards available in potentially over 400,000 locations. Bitcoin gift cards allow people to pass on the cryptocurrency in physical form. Bitcoin financial services company Fold is working with publicly traded prepaid gift-card provider Blackhawk Network…
In brief Myriad Protocol has launched on Ethereum layer-2 network Linea. The “huge milestone” lays the groundwork for Myriad’s multichain expansion as it scales its userbase. Myriad’s prediction contracts will power a “new class of DeFi products,” as it evolves into a prediction markets protocol. Myriad Protocol, the multichain protocol designed to power prediction markets,…
In brief Lawyers delivered closing arguments in Roman Storm’s criminal trial on Wednesday at a federal courthouse in New York. The jury began deliberations early Wednesday evening, but they quickly wrapped up discussions for the day. Storm faces a maximum sentence of more than 40 years in prison, if convicted on all three charges brought…
