Everything web3, crypto, defi, degen
In brief Mitchell Amador, CEO of Immunefi, told Decrypt at Token2049 in Singapore that AI tools once limited to security firms are now accessible to groups like Lazarus, enabling massive attacks. Bug bounties have paid out over $100 million but have “hit the limits” as there aren’t “enough eyeballs” to provide necessary coverage, he said…
In brief Phantom designed its own stablecoin—CASH—to underpin its new consumer financial platform Phantom Cash. Phantom Cash will offer unique features like peer-to-peer transactions, a Visa debit card, and rewards on unspent CASH. The wallet provider raised $150 million in January at a $3 billion valuation. Popular Solana crypto wallet Phantom unveiled CASH, a new…
In brief ChatGPT’s “instant checkout” with Shopify and Etsy draws scrutiny for turning AI into a retail gatekeeper. OpenAI’s new Sora app showcases endless AI-made videos, prompting criticism of “infinite slop” feeds. Data centers driving energy prices up 267% stoke unease over AI’s economic and environmental toll. OpenAI is facing mounting criticism after unveiling two…
In brief Ethereum gaming metaverse The Sandbox will soon have its own layer-2 network. SANDChain aims to be the core infrastructure built to empower the creator economy on-chain. The network will use The Sandbox’s SAND token as its native gas and utility token. Ethereum gaming metaverse The Sandbox will soon have its own creator-focused blockchain…
In brief Robinhood’s stock (NASDAQ: HOOD) hit another new high Tuesday after doing so on Monday. The stock’s rise comes after a report that the company is looking at expanding its prediction platform out of the U.S. Robinhood first started offering event contracts last year around the U.S. presidential election. Robinhood stock hit a new…
In brief The integration aims to streamline swaps–crypto-to-crypto trades that bypass centralized platforms–and other DeFi processes within Porto’s dashboard. In an announcement,Anchorage noted the “delicate balance” for institutions interconnecting with DeFi to manage dapps. In July, Jupiter announced the introduction of a new lending product. Anchorage Digital said on Tuesday it will add Solana swap…
In brief Starknet began letting users stake Bitcoin on Tuesday. The network pays out rewards in Starknet’s STRK. The Starknet Foundation is distributing 100 million in STRK incentives. Bitcoin became a core part of Starknet’s ecosystem on Tuesday, as the Ethereum layer-2 network began using the asset as a way to secure itself, according to…
In brief BitMine Immersion Technologies added $980 million worth of ETH last week, pushing its tally to nearly $11 billion worth. BMNR stock is up more than 6% on the day, rising following the announcement. Tom Lee’s company holds the largest Ethereum treasury of any publicly traded firm, outpacing SharpLink Gaming. BitMine Immersion Technologies stock…
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 rally over the weekend; BTC reclaims $112,000 Vanguard reportedly considering offering crypto ETF access to its 50M investors SEC and…
In brief U.S. spot Bitcoin ETFs saw $902.5 million in outflows last week, ending a four-week streak of inflows. Fidelity’s FBTC lost $300.4 million Friday, followed by $37.3 million from BlackRock’s IBIT. One expert cited profit-taking and portfolio rebalancing, though long-term institutional adoption remains intact. U.S. spot Bitcoin exchange-traded funds turned red last week, ending…
