Everything web3, crypto, defi, degen
In brief Coinbase exceeded Q3 expectations with $1.9 billion in revenue, driven by rebounding trading volumes and profitable services including its Ethereum L2 Base. BlackRock’s Bitcoin ETF IBIT saw major outflows of $290.8 million on Thursday as Bitcoin dropped below $110,000, though its cumulative inflows remain strong at $88 billion. REX Shares launched ULTI, a…
In brief Former president of FTX US, Brett Harrison, told Decrypt that offering leverage up to 1,001x on volatile crypto assets is “irresponsible” and a “major problem.” Proponents of the high-leverage crypto products believe they’re just giving retail users what they want and offering a level playing field. Harrison’s comments come as he is preparing…
In brief Bitcoin has typically performed well during October—dubbed “Uptober” by observers. But this year, the leading cryptocurrency finished the month in the red. Experts told Decrypt that a number of factors influenced the drawback. Despite a roaring start and fresh all-time high early on in October, the expected “Uptober” turned into a real downer…
In brief Elon Musk predicted AI and robotics will replace all jobs and create a “universal high-income” society. He believes future devices will replace phones with AI “edge nodes” and end operating systems and apps. Musk said Tesla’s Roadster may fly, SpaceX is aiming for full rocket reusability, and Starbase is now a city. The…
In brief Pseudonymous crypto influencer The White Whale had his $3 million MEXC account suspended in July, and has been on a social media crusade to get it back ever since. On Friday, MEXC apologized, returned his funds, and promised to make changes to stop it from happening again in the future. However, several other…
In brief The European Central Bank is looking to pilot its digital euro in mid-2027 ahead of a Europe-wide roll out in 2029. It comes after the European Council told the ECB and other participants to “accelerate” the development of the CBDC, to release it as soon as possible. Crypto enthusiasts remain wary of CBDCs,…
In brief Tether reported $10 billion in profit for the first three quarters of 2025—surpassing Bank of America, and nearing Goldman Sachs and Morgan Stanley’s earnings. The company’s profits stem largely from returns on $135 billion in U.S. Treasuries backing its USDT reserves. Headquartered in El Salvador, Tether plans to launch a U.S.-compliant stablecoin, USAT,…
In brief REX Shares unveiled the REX IncomeMax Option Strategy ETF. The products seeks to turn volatility into weekly income. The product has exposure to several crypto firms. REX Shares unveiled an exchange-traded fund on Friday that will try to turn price swings into weekly income for some of the U.S. market’s most volatile stocks,…
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 2-3% after Powell says rate cut not certain in December US Senator claims Binance helped with TRUMP launch for…
In brief Senator Chris Murphy (D-CO) has alleged that Binance helped facilitate Trump’s “corrupt crypto coin” and UAE deals in exchange for a presidential pardon of founder Changpeng Zhao. Binance listed Trump’s USD1 stablecoin on Tuesday, one week after Zhao’s pardon, prompting Murphy to call the White House a “24/7 corruption machine.” Democrats, including Maxine…
