Everything web3, crypto, defi, degen
In brief Predictors on Myriad are becoming more bearish in Thursday trading as crypto markets slide. Solana is given just 34% odds by predictors of reaching a new all-time high. Despite gold’s lead in the race to $5K, Myriad users think ETH has a better chance of reaching the mark first. As crypto markets fall…
In brief Bitcoin broke below $110,000 Thursday morning, dragging top altcoins down in a broad sell-off. The drop triggered $524 million in liquidations as the total market cap fell 3.1% to $3.85 trillion. Options data shows heavy bearish betting, with traders pricing in more downside risk. The cryptocurrency market extended its losses on Thursday with…
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 red again as Trump confirms trade war; Bitcoin at $111,200 Paxos accidentally mints $300T PYUSD onchain before burning Erebor Bank…
By Arjun Sethi, Kraken co-CEO When the head of the International Monetary Fund says fiat is going digital and urges countries to accept reality, that is not a policy tweak. It is the moment the establishment admits that the world has already changed. For years, global institutions treated crypto as a novelty or a risk.…
In brief BNB shows a complex market structure with spot buying rising as futures selling increases. Open interest is down 36%, with declining CVDs pointing to active selling or profit-taking. Oracle issues and depegs at Binance have caused a “drop in confidence” according to analysts, adding short-term pressure to the token. BNB’s long-standing uptrend could…
In brief The channel was briefly compromised late Wednesday, promoting a Solana-based token. An hour later, the PGL YouTube channel, run by the Romanian esports organizer behind Valve-sanctioned tournaments, was also reportedly hijacked to stream a fake Bitcoin giveaway. Decrypt independently verified screenshots of the compromised Dota 2 channel before the content was removed. The…
In brief Advertising firm Thumzup is considering adding DOGE as a reward payment alternative in its mobile app. Currently, users can earn cash for providing content about advertiser’s products. Initial assessments show integrating DOGE may lower costs and add value to the rewards pool. Publicly traded digital asset treasury and advertising firm Thumzup Media is…
In brief Volatility Shares has filed to launch crypto ETFs that would give investors amplified exposure to Bitcoin, Ethereum, Solana, XRP, and various stocks. Such ETFs use leverage to maximize returns for investors. But investors can lose a lot of money buying such ETFs too. As if crypto trading isn’t already volatile enough, ETF manager…
In brief CME is facilitating options trades for Solana and XRP futures. So far, CME’s website shows five contracts outstanding for each asset. CME’s Solana futures were more popular than XRP alternatives in the third quarter. CME Group said on Tuesday that it has begun facilitating trades for options on Solana and XRP futures, giving…
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 fall as China trade war rhetoric escalates; BTC at $111k Gold hits another new ATH as Bitcoin and crypto lags…
