Everything web3, crypto, defi, degen
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 Markets slid further on Tuesday, with equities and other risk assets falling ahead of jobs and economic data. Bitcoin was recently down 3.5% as investors awaited incoming economic data and remarks by Fed Chair Jerome Powell. Ethereum also continued its retreat after nearly hitting a record high last week. Bitcoin sank below $113,000…
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 Crypto exchange Bullish took its IPO proceeds in stablecoins. The bulk of its stablecoins are on the Solana blockchain and custodied by Coinbase. The firm accepted Circle’s USDC, PayPal’s PYUSD, Ripple’s RLUSD, among others. Publicly traded crypto exchange Bullish (BLSH) received $1.15 billion in proceeds from its recently completed initial public offering (IPO)…
In brief Bitcoin’s price will likely peak in six months to a year, Bernstein analysts said. As the bull market broadens, Ethereum and Solana will likely shine, they said. Bernstein analysts raised their price target for Robinhood shares to $160. As the White House pushes crypto on Capitol Hill, it’s becoming increasingly difficult to see…
In brief Stablecoin supply climbed to $160 billion, with $32 billion on exchanges and daily inflows topping $1.2 billion, creating the largest pool of deployable capital in crypto history. Bitcoin, Ethereum, and XRP posted modest 24-hour gains as markets consolidate ahead of a possible September Fed rate cut. While some analysts see the surge in…
In brief Doop, an app that pays users to take photos of their poop, is expected to launch its public beta this fall. It will use an AI agent to analyze the photos to provide custom tips and challenges based on the results. Further down the line, the dataset will be sold to organizations and…
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 slightly green after volatile day; BTC at $115,600 Tom Lee buys $1.7B in ETH in the past week, becomes…
In brief Wyoming’s Frontier Stable Token debuted on seven networks, including Ethereum, Solana, and Avalanche. The token could offer a yield in the future, while funding local education. It could theoretically be issued on more than 110 networks through LayerZero. Wyoming’s stablecoin debuted across seven blockchains on Tuesday, a new milestone for the Cowboy State…
In brief Powerful crypto companies including Coinbase, DCG, Kraken and Paradigm are teaming up with top lobbyists to introduce a new nonprofit focused on educating policymakers about decentralized technologies. As a 501(c)(3), the American Innovation Project (AIP) will enjoy key benefits including tax exempt status and limited liability for operators and participants. By law, however,…
