Everything web3, crypto, defi, degen
BTC & SOLANA JUMP UP, BNB CROSSES $1,000, HYPE HITS ATHCrypto majors mostly rally post-FOMC; BTC at $117,300. SOL jumps 5% as Forward Industries announces $4B ATM. BNB crosses $1,000 for first time; CZ bull-posts ASTER (+400%). Hype hits new ATH at $59; Project X announces its Phase 2. TokenWorks & PNKSTR announce perpetual machine…
In brief Bitcoin dominance dropped to 57.79% as traders rotate into altcoins like XRP, BNB, and Solana ahead of expected SEC ETF approvals. Despite the decline, analysts forecast Bitcoin could reach $140K-$145K by year-end, with institutions continuing to pour over $2 billion into ETFs this week. Major altcoins are outperforming Bitcoin short-term, with Solana up…
In brief Ethereum founder Vitalik Buterin has defended the network’s long exit times for unstaking ETH. Exit times for unstaking ETH now exceed 40 days and have drawn criticism from within the crypto industry. Buterin argued that friction in unstaking is necessary to maintain Ethereum’s security. Ethereum co-founder Vitalik Buterin has defended the network’s long…
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 mostly rally post-FOMC; BTC at $117,300 SOL jumps 5% as Forward Industries announces $4B ATM BNB crosses $1,000 for first…
In brief PENGU has jumped by double digits over the past 24 hours, following its appearance in the earnings report of a publicly traded digital asset exchange. Predictors on Myriad think it’s likely that the meme coin will climb an extra 34% to $0.05, rather than dipping to $0.02. The Pudgy Penguins’ NFT collection has…
In brief Crypto markets have posted broad gains following the Federal Reserve’s quarter-point rate cut. Hyperliquid’s USDH stablecoin has been “attracting liquidity across the board from many institutions,” according to an analyst. The momentum now hinges on project-specific catalysts, with altcoins more exposed to volatility than Bitcoin, experts told Decrypt. Avalanche (AVAX) and Hyperliquid (HYPE)…
In brief The standards bar leveraged and inverse trusts from using the generic path. Eligible assets must already be traded on regulated, surveilled markets or backed by an existing ETF. Solana and Litecoin ETFs could arrive within weeks, with Dogecoin and others in line, Decrypt was told. The U.S. Securities and Exchange Commission signed off…
In brief Forward Industries, the largest publicly traded Solana treasury company, filed to raise $4 billion through an at-the-market equity offering to expand its SOL holdings. The company’s stock (FORD) fell 8.2% following the announcement, while the proceeds could more than double the $3.1 billion currently held in Solana treasuries. DeFi Development Corp. also registered…
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 mostly flat into FOMC, Bitcoin leads +1% to $116,300 Binance in talks with US DOJ to end its compliance monitor…
In brief The couple raised funds from nearly 600 investors through INDXcoin and Sumcoin. Judge Heidi Kutcher found the tokens misrepresented as safe despite audit failures and no market value. A July grand jury indictment separately charged the Regalados with 40 felonies that could bring prison time. A Colorado court has entered judgment against a…
