Everything web3, crypto, defi, degen
In brief Weekly prediction market volume reached a new record above $2 billion, with Polymarket reclaiming the lead over Kalshi after eight weeks of trailing in trading volume. Sports betting drove the highest volume at $414.7 million last week, outpacing political markets at $322.6 million despite growing election-related activity heading into November. Major funding rounds…
In brief Four Polymarket users have collectively wagered $62,000 that Satoshi Nakamoto will move some Bitcoin this year. Odds on the prediction market spiked to 15% last week, up from just 2% at the start of the month. Traders are speculating that the bettors may be insiders, or are predicting that the resolution source is…
In brief Evernorth is a new publicly traded digital asset treasury focused on accumulating the Ripple-linked asset, XRP. The firm’s treasury will be built with more than $1 billion in net proceeds, with contributions from Ripple and notable crypto firms. Ripple executives, including CEO Brad Garlinghouse, will act as strategic advisors to the firm. Ripple…
In brief Bitcoin funds experienced $946 million in outflows last week following the October 10 market crash triggered by President Trump’s tariff threats, with losses concentrated in U.S.-listed products. While U.S. investors pulled money out, European and Canadian investors bought the dip, with Germany, Switzerland, and Canada recording net inflows during the downturn. Altcoins saw…
In brief Strategy added 168 Bitcoin worth $18.8 million to its stockpile. That represented its third smallest Bitcoin purchase of the year. The company hasn’t issued any common shares this month. Strategy notched its third smallest Bitcoin purchase of the year, disclosing that it had spent $18.8 million on 168 Bitcoin last week, according to…
Top crypto trading platforms Coinbase and Robinhood went offline for hours Monday, with the companies citing an Amazon Web Services (AWS) outage as the cause of the mayhem. Users across the world panicked as their crypto funds became—at least temporarily—inaccessible. Users of both apps reported an inability not only to buy or sell tokens on Monday,…
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 rebound over the weekend, Bitcoin back at $110,700 Stripe’s Tempo raises $500M at $5B valuation Mr Beast files trademark for…
In brief Assembly Bill 9138, introduced Friday in the New York State Assembly, would tax proof-of-work miners based on electricity consumption, with rates ranging from 2 to 5 cents per kilowatt-hour. The companion bill to Senate Bill 8518 would funnel collected taxes into New York’s Energy Affordability Programs for low- to moderate-income households. Mining operations…
In brief Traders on Polymarket are anticipating a potential token launch, and some users are looking to farm it. Last year, airdrop farming was visibly rampant, with many users engaging in obvious wash trading methods. Now, however, the wash trading has gotten more sophisticated while other farmers are just optimizing their use of the prediction…
In brief Bitcoin’s energy consumption remains large, at an estimated 138TWh as of 2025. Recent academic research explores the broader environmental cost of Bitcoin mining, adding in carbon dioxide, water, e-waste, and land impacts. Policy pressure is rising as governments focus on what kind of power Bitcoin mining uses, where it is sited, and what…
