Everything web3, crypto, defi, degen
In brief Crypto markets have decidedly shifted from “greed” to “fear” as the rally cools and uncertainty sets in. Even still, crypto majors like Ethereum and Solana are showing resilient signs. The day’s biggest overperformer, though, may come as a surprise: Is Chainlink making a comeback? Crypto markets appear to be entering a cautious rebound…
CRYPTO LOWER, AI STOCKS WOBBLE, DAT WORRIES CONTINUECrypto lower ahead of Fed minutes. ETH ETF outflows hit $678m in 3 days. BTC fall linked to $400b drain from reverse-repo. Strategy stock hits 4-month lows after BTC buys. DATs now eclipse VC funding in 2025. Sharplink adds 12k ETH. Wyoming first state to launch stablecoin. Bessent…
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 are red again, down another 2%; BTC at $113,200 Wyoming introduces its stablecoin FRNT, first-ever from a public entity Goldman…
In brief Crypto treasury firm Thumzup is planning to acquire Dogehash in an all-stock deal. Dogehash shareholders will exchange their holdings for 30.7 million shares of Thumzup stock. Thumzup recently raised $50 million to expand its mining capabilities and digital asset treasury. Trump family-backed, cryptocurrency treasury firm Thumzup Media is planning to acquire Dogecoin mining…
In brief SharpLink Gaming added $601 million in ETH to its treasury last week. The Ethereum-focused firm purchased 143,593 ETH at $4,648 between August 10 and August 15. The buy marks its largets ETH purchase in the past month. SharpLink Gaming purchased $601.5 million Ethereum last week, its largest ETH buy over the past month,…
In brief BTCS is paying investors a “loyalty payment” to make shares illiquid. The company’s shares are trading below the value of its crypto holdings. BTCS CEO Charles Allen said short sellers are targeting the firm. Ethereum treasury firm BTCS has offered investors a one-time payment for making their shares illiquid on Monday, saying that…
In brief BitMine Immersion Technologies added $1.7 billion in ETH in the last week. The firm now holds more than 1.5 million ETH, or greater than 1% of the total Ethereum supply. Shares of BMNR are trading down 3.7% on the day, but still outperforming ETH. BitMine Immersion Technologies added $1.7 billion or more than…
CRYPTO SLIDES, LINK LEADS ALTS, FED ENDS CRYPTO SUPERVISIONBTC slides to $115k despite stability in stocks. ETH & SOL weakest in majors, LINK leads alts. Fed ends crypto supervision program. US weighs digital ID verification in DeFi. BTC hits 1.7% of total global money supply. ETH hits ATH in transaction count, active addresses. ETH ETFs…
In brief Publicly traded companies are now racing to accumulate Ethereum. Firms with strategic ETH reserves now account for more than 3% of the entire ETH supply. The top holders include BitMine Immersion Technologies, SharpLink Gaming, and Coinbase. The trend of publicly traded companies adopting crypto treasury strategies may have started with Bitcoin, but it…
In brief SharpLink Gaming stock fell nearly 15% on Friday after the company posted poor Q2 earnings results. The Ethereum treasury firm reported a net loss of $103 million for the second financial quarter. ETH dipped below $4,400 on Friday amid geopolitical uncertainties and hotter-than-expected U.S. economic data. SharpLink Gaming’s shares plummeted Friday as the…
