Everything web3, crypto, defi, degen
In brief China’s central bank will continue cracking down on domestic crypto operations while monitoring overseas stablecoin developments. PBOC Governor Pan warned stablecoins “can’t meet the basic requirements like customer identification and anti-money laundering.” Meanwhile, Japan rolled out JPYC, the first yen-backed stablecoin, and South Korea launched KRW1, its first regulated won-backed token. China will…
In brief British investment firm Hargreaves Lansdown has warned people to stay away from Bitcoin and cryptocurrencies. The Bristol-based company said cryptocurrency investments are too risky. Still, it added that it would allow qualified investors to buy UK crypto ETNs. Bitcoin is too risky and should not be included in an investor’s portfolio, British financial…
In brief Zcash (ZEC) surged over the past week to its highest level since April 2022, leading a sector-wide rally for privacy coins including Railgun and Dash. The rally comes as concerns mount over financial surveillance and sanctions, with investors seeking assets that offer greater privacy and protection from capital freezes amid geopolitical uncertainty. Analysts…
In brief Grant Cardone views Bitcoin as a superior store of value to gold. Hedge fund innovator Ray Dalio has urged investors to own a combination. The precious metal has outperformed Nvidia this year. Investors may see opportunity in gold’s historic rally, but they shouldn’t be selling Bitcoin to latch onto the precious metal, according…
So you just spent $450 on a Nintendo Switch 2—or maybe more, depending on how the market behaves in the near future—and you want to play something new on it. Technically, there are thousands of games to play on your Switch 2, thanks to backward compatibility, but a slightly better framerate isn’t a very enticing…
When it comes to game releases, the fall months have typically been a brutal gauntlet of big releases. Despite the significant changes in the game industry, this remains true. This month features ninjas, science fiction, an 8-bit mouse, and more. There will be something for just about any gamer.One of this month’s releases, Ninja Gaiden 4,…
In brief FTX’s new management is suing Bitcoin miner Genesis Digital Assets for $1.15 billion. The FTX Recovery Trust alleges that the exchange’s ex-CEO Sam Bankman-Fried used comingled customer cash to invest in Genesis Digital Assets. FTX collapsed in 2022 and Bankman-Fried is now serving a 25-year prison sentence. The FTX Recovery Trust is suing…
In brief The FTX Recovery Trust has announced its third distribution to former clients of the bankrupt exchange. A total of $1.6 billion will be repaid to creditors this time. The FTX brand went bankrupt in 2022 after it was criminally mismanaged. Creditors of collapsed crypto exchange FTX will receive $1.6 billion at the end…
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 chop with ETH leading; BTC at $111,000 CFTC clears Polymarket for US operations; departing chair issues warning Federal Reserve to…
In brief Ray Dalio said the U.S. is risking a “debt-fueled heart attack” The value of money would be negatively affected if the Federal Reserve is eventually forced to intervene in the bond market. He compared digital assets to hard currencies. The U.S. economy is staring down a debt-fueled heart attack within the next few…
