Everything web3, crypto, defi, degen
In brief Solana surged 5.5% and hit $241, reaching its highest level since late January amid growing institutional interest. Forward Industries secured a $1.65 billion PIPE deal led by Galaxy Digital, Jump Crypto, and Multicoin Capital, boosting SOL momentum. BIT Mining adds 17,221 SOL to treasury as prediction market traders grow 89% confident SOL will…
In brief The U.S. DOJ has filed a civil forfeiture action to recover over $500,000 in USDT from an Iranian national. Per the DOJ, Mohammad Abedini is founder of Iranian firm SDRA, which supplies technology used in Iran’s Shahed military drones. The USDT tokens were said to be kept in an unhosted cryptocurrency wallet, posing questions…
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 green, led by SOL; BTC at $115,000 SOL hits $238 on back of FORD DAT $1.65B raise; SOL memes +…
In brief The FTC has issued orders to seven companies requiring detailed disclosure of safety protocols and monetization strategies within 45 days. The probe comes amid growing concerns about AI chatbots’ impact on children, with safety advocates calling for stronger protections. Companies must reveal user data handling by age group and safeguards preventing inappropriate interactions…
In brief ModStealer spreads through fake recruiter ads using obfuscated code. It targets browser wallets and hides by disguising itself as a background helper. The malware poses a direct threat to crypto users and platforms, Decrypt was told. A new malware strain that can slip past antivirus checks and steal data from crypto wallets on…
In brief Figure shares closed 24% above their IPO price at $31.11 on Thursday. The company uses a blockchain-based platform to facilitate loans. Analysts foresee the IPO advancing tokenization narratives in the mainstream. Figure Technologies shares closed above its initial offering price on Thursday, the latest indication of investors’ interest in crypto-native firms on Wall…
In brief Identical “civil war” posts flooded X hours after Kirk’s killing, many from generic or low-engagement accounts. Past studies show botnets can generate billions of impressions; researchers warn AI tools make them harder to spot. Analysts see echoes of Russian and Chinese ops, but no confirmed attribution for this week’s spike in violent rhetoric.…
In brief Downloads of Jack Dorsey’s decentralized messaging app Bitchat have surged in Nepal and Indonesia amid national protests. Nepal’s ban on multiple social media platforms drove mass adoption of the decentralized, offline chat app, with downloads surging from 3,300 last week to over 48,000 on Monday. Decentralized apps like Bitchat offer a measure of…
In brief 21Shares launched a new ETP tied to dYdX’s native token, extending regulated access to one of the largest decentralized derivatives protocols. The product follows 21Shares’ earlier DeFi ETPs including Aave and Uniswap launched in 2022, becoming Europe’s largest crypto ETP issuer with 48 products. DYDX was chosen because it “adds a distinctive dimension”…
In brief SharpLink Gaming’s treasury strategy will be a positive “white swan event” for Ethereum as it helps educate traditional players, its co-CEO told Decrypt. Some industry observers fear that the crypto treasury trend could end badly for the industry, as swarms of companies have started stockpiling digital assets this year. Joseph Chalom, co-CEO of…
