Everything web3, crypto, defi, degen
In brief Coinbase and Mastercard are each reportedly negotiating to buy BVNK for up to $2.5 billion. The talks come amid hype surrounding digital assets pegged to the U.S. dollar. Observers say payment and crypto firms now see stablecoins as core infrastructure. Coinbase and Mastercard are reportedly in advanced talks to acquire BVNK, a U.K.-based…
In brief A Nevada judge denied Crypto.com’s injunction request to block state gaming regulations, contradicting an earlier ruling favoring Kalshi. The judge ruled Crypto.com’s sports contracts don’t qualify as “swaps” under federal law based on “outcome” versus “occurrence” distinctions. A legal expert called the ruling “completely fanciful” and predicts it will be overturned on appeal.…
In brief The Ethereum Foundation has launched a new privacy team, with over 28 members in different fields The news comes ahead of the Foundation launching a privacy-centric wallet SDK, Kohaku. Interest in privacy-focused coins like Zcash has risen in recent weeks. The Ethereum Foundation is launching a new privacy cluster, as part of plans…
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 The American Federation of Labor and Congress of Industrial Organizations warned Monday the Responsible Financial Innovation Act provides only “the facade of regulation” while weakening worker protections and consumer safeguards. The labor federation’s letter comes as Senate Republicans push for a floor vote in November. Union officials criticized provisions letting FDIC-insured banks directly…
In brief SEC Chair Paul Atkins says a formal “innovation exemption” could be finalized by year-end. The proposal follows years of regulatory uncertainty that pushed crypto development overseas. Industry leaders say a structured framework could bring compliant innovation back to U.S. markets. The U.S. Securities and Exchange Commission is preparing to codify an “innovation exemption”…
In brief EY’s Paul Brody said privacy has become a baseline requirement for institutional adoption. Tether co-founder Reeve Collins described a new stablecoin model built on transparency and user participation. dYdX’s Charles d’Haussy said institutional money entering crypto today is more disciplined and analytical than in past cycles. Crypto is entering a steadier phase, shaped…
The crypto market is riding high as “Uptober” delivers on its historical promise. Bitcoin hovers near a new all-time high, Ethereum pushes toward $4,500, and altcoins are catching fire.But one token stands out: BNB, formerly known as Binance Coin, is up 24% in the past month and flashing technical signals that suggest either a moonshot…
On Monday, Kraken Co-CEO Arjun Sethi joined leaders from ICE, CME, Nasdaq, Cboe, Kalshi, DRW and Polymarket at the SEC–CFTC Roundtable on platforms and market structure. Moderated by former CFTC Commissioner Jill Sommers and SEC Division of Trading and Markets Director Jamie Selway, the panel brought together some of the most influential voices in global…
In brief Polymarket is set to reopen to U.S. users, possibly as soon as tomorrow. The relaunch comes nearly four years after being banned by the CFTC and after its $112 million acquisition of CFTC-licensed exchange QCX LLC. The company has begun self-certifying event contracts including athletic events and election markets. Prediction market Polymarket is…
