Everything web3, crypto, defi, degen
In brief Solana daily transactions fell to 64 million, down nearly 50% from July’s peak. Capital rotation to rivals and network friction are key reasons for the decline, one expert said. Despite a likely ETF approval Friday, Solana’s price is expected to follow Bitcoin’s lead. Solana’s daily transactions are on a steady decline, even as…
In brief Solana exchange-traded funds could get the green light this month. But investor fatigue and more interest in Ethereum could dampen inflows into the products, JP Morgan analysts have said. A number of top asset managers have this year tried to get SEC approval for a SOL ETF. U.S. exchange-traded funds giving investors Solana…
In brief Monad will open its MON token airdrop claim portal next Tuesday. Further details about the actual airdrop and mainnet launch will come “in the near future”, the company told Decrypt. The closely watched blockchain project has not yet revealed who qualifies for the airdrop, or details about MON’s token supply and distribution. The…
In brief Digital asset treasury company Safety Shot Inc., is set to rebrand itself to Bonk, Inc. on Friday. The firm says its part of a crucial shift into the “digital asset space” as it looks to “evolve” its plans and “sell off any unnecessary assets.” Its stock is up 37.65% over the past 5…
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 on the day, Bitcoin holds at $123,000 ZCash soars 35% leading all crypto movers; RAIL jumps 100% Jack Dorsey’s…
In brief Zcash has surged over 140% in two weeks, hitting its highest level since 2021. Nearly $2 million in short positions were liquidated as the token climbed to $170. Analysts cite Grayscale access and endorsements from Naval Ravikant as key drivers. The token belonging to privacy blockchain Zcash has more than tripled in value…
Two major crypto ETF issuers are joining the rush to bring crypto asset staking to the U.S.Bitwise and 21Shares each unveiled updates to their crypto funds on Tuesday, cutting fees and adding staking features for investors, just days after Grayscale became the first to introduce staking in its U.S. Ethereum ETFs.Bitwise’s latest filing formally renames…
In brief The Roughrider Coin is scheduled to launch in 2026. The stablecoin is built on the FIUSD platform and backed by U.S. dollars. The announcement follows Wyoming’s Frontier Stable Token debut in August. The Bank of North Dakota and financial technology firm Fiserv announced Wednesday that they will launch Roughrider Coin, a U.S. dollar-backed…
In brief Hong Kong-based DDC Enterprise has secured an additional $124 million in funding to buy Bitcoin. DDC’s stock price was up about 3.5% in Wednesday trading. The digital platform wants to buy 10,000 BTC by the end of the year. Shares of Hong Kong-based digital food company DDC Enterprise were up about 3.5% on…
In brief Solana DEX aggregator Jupiter has tapped Ethean to launch its own stablecoin. JupUSD is expected to launch in Q4 and will initially be collateralized by USDtb, Ethena’s short-term treasury-backed stablecoin. The total stablecoin market cap has grown by more than 75% in the last year and now sits above $300 billion. Jupiter, a…
