Everything web3, crypto, defi, degen
In brief SenseMap pays contributors for on-chain, real-time mapping data. Google Maps’ ad business has been estimated to make $11 billion annually. Observers say consensus, not control, ensures accuracy. OpenLedger, a blockchain infrastructure firm building out AI systems for transparent data attribution, is expanding its ecosystem with the addition of SenseMap, a new decentralized mapping…
In brief Jack Dorsey’s Block wants its customers to use Bitcoin more. Block’s Square product will allow merchants to receive the cryptocurrency and manage it within a wallet. Block shares rose 2.6% on Wednesday. Jack Dorsey’s payments company Block said on Wednesday that it is debuting a new Bitcoin payments and crypto-integrated wallet targeting small…
In brief Solana DEX aggregator Jupiter has tapped Ethean to launch its own stablecoin. JupUSD is expected to launch in Q4 and will initially be collateralized by USDtb, Ethena’s short-term treasury-backed stablecoin. The total stablecoin market cap has grown by more than 75% in the last year and now sits above $300 billion. Jupiter, a…
In brief MetaMask users can trade derivatives using Hyperliquid’s infrastructure. The self-custodial wallet plans to add support for Polymarket. MetaMask users can earn rewards, including Linea’s native token. Popular crypto wallet MetaMask unveiled native support for Hyperliquid on Wednesday, allowing users to more easily speculate on the price of various cryptocurrencies through the up-and-coming decentralized…
In brief YZi Labs, formerly known as Binance Labs, is kickstarting a $1 billion builders fund for those looking to develop long-term on BNB Chain. The fund will support builders in areas like trading, real-world assets, artificial intelligence, DeSCI, and DeFi. The firm is merging its EASY Residency program with BNB Chain’s incubator “MVB” to…
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 fall after recent rally; BTC at $123,000 Gold makes new ATH at $4,070 up 50% on year Monad’s MON token…
In brief S&P Dow Jones Indices, a unit of market data provider S&P Global, is releasing a new index tracking 15 digital assets and 35 crypto-focused companies. Dinari, a provider of tokenized U.S. securities, will also issue a token tracking the index. Crypto-related equities have soared this year amid a market surge. S&P Dow Jones…
In brief BlackRock’s IBIT generates $244.5 million annually, more than any other BlackRock ETF including products launched 25 years ago. The Bitcoin ETF sits at $98.47 billion in assets, approaching the $100 billion milestone in just 435 days versus 2,011 days for Vanguard’s VOO. IBIT captured $1.8 billion of last week’s $3.2 billion in total…
In brief Bernstein analysts are forecasting more than a 30% jump in shares of blockchain lending firm, Figure Technologies. Figure hit public markets in September, conducting an IPO at $25 per share of FIGR. Shares are up around 6.5% today and trading at $42.71. Bernstein set its price target at $54. Blockchain lender Figure Technologies…
In brief Grayscale has added staking functionality to its two spot Ethereum ETFs in the United States. It also added staking to its Solana Trust, which has yet to be approved for an ETF conversion. Investors will be able to earn ETH staking rewards from the exchange-traded products. U.S. investors in exchange-traded funds tracking Ethereum’s…
