Everything web3, crypto, defi, degen
In brief The U.S. Treasury has sanctioned 19 entities across Burma and Cambodia that it says scammed Americans out of $10 billion in 2024. The action targets networks using trafficked workers forced to conduct “pig butchering” scams through fake investment platforms and romance schemes. Networks often “rebrand” when sanctioned, but sanctions “disrupt scammers’ easiest routes,”…
In brief The U.S. economy added just 22,000 jobs in August. That locks in rate cuts in the coming months, according to Grayscale’s Zach Pandl. A labor snapshot like Friday’s would typically provoke recession fears, he said. The price of Bitcoin and other cryptocurrencies seesawed on Friday as investors weighed a weaker-than-expected jobs report against…
In brief Senator Bam Aquino called for budget transactions to be recorded on-chain. A formal bill proposing the measure is yet to be filed. Blockchain solutions aren’t “a silver bullet against corruption,” a local blockchain infrastructure firm told Decrypt. Philippine Senator Bam Aquino wants the country’s national budget placed on a blockchain platform, a move…
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 Canary Capital CEO Steven McClurg sees Bitcoin hitting $150K by year’s end before a 2026 bear market sets in. McClurg dismissed Ethereum, backing newer blockchains like Solana and Sui. Another analyst warned against dismissing Ethereum due to its app and developer dominance. Bitcoin could climb as high as $150,000 before the end of…
In brief Crypto market cap has rebounded above $3.7 trillion. Ethereum has broken above a key price resistance zone. XRP and Litecoin show double-digit weekly gains, and the charts are showing signs traders like to see. After a rough weekend that saw cryptocurrencies plunge alongside global risk assets, the crypto market is staging an impressive…
In brief Coinbase’s stock fell 17% on Friday, the day after the crypto exchange reported its second-quarter earnings. Analysts say the trading platform is poised to report stronger earnings numbers in subsequent financial quarters. Coinbase’s acquisitions and expansion beyond crypto-only services could lift its sagging stock. COIN plunged 17% on Friday, just a day after…
In brief eToro has said it will launch tokenized stocks on Ethereum. Investors will be able to trade the assets around the clock. eToro has not given a date on when it will unveil the product. Online brokerage eToro will unveil tokenized stocks on the Ethereum blockchain, the company announced Tuesday. The new feature will allow…
In brief A 74-year-old man disappeared in May after leaving home without his phone. Authorities believe the disappearance is linked to the man’s family’s crypto fortune. They’ve found evidence of fraudulent activity and impersonation of him to communicate with family members. The man’s son, a hedge fund executive, believes someone stole his father’s identity and…
Humanity has long relied on physical currency as a medium for representing and transferring value. Some of the earliest examples of coinage date back many thousands of years. The Mesopotamian shekel is widely believed to be the oldest coin. Western Asian tribes first minted the shekel – meaning “weight” – 5,000 years ago. This example…
