Everything web3, crypto, defi, degen
In brief EY’s Paul Brody said privacy has become a baseline requirement for institutional adoption. Tether co-founder Reeve Collins described a new stablecoin model built on transparency and user participation. dYdX’s Charles d’Haussy said institutional money entering crypto today is more disciplined and analytical than in past cycles. Crypto is entering a steadier phase, shaped…
In brief EU regulators have warned that cross-border schemes could create redemption pressures in the bloc, forcing ECB intervention. The EU has one of the world’s strictest crypto regimes and requires stablecoins to be fully backed by reserves. The stablecoin market is currently valued at over $300 billion, dominated by U.S. dollar-based tokens. The European…
In brief Tron founder Justin Sun unveiled a Hyperliquid competitor Among other features, it will feature “dark pools.” The exchange is named after a mythological character. As Hyperliquid and Aster jockey for DeFi supremacy, Tron founder Justin Sun unveiled his own decentralized perpetual contracts exchange on Wednesday called SunPerp.The platform is designed to subsidize users’…
CRYPTO HIGHER, US GOVERNMENT SHUTS DOWN, PUMP LEADS REBOUNDCrypto Higher Despite Us Government Shutdown. Recent Runners Xpl, Aster, Stbl All Weak. Blackrock Eth Staking Etf Could Be Coming in Oct. Sec Opens Door for State Trusts as Crypto Custodians. Tron Inc. Down 85% From Peak Amid Dat Slumps. Gensler’s Deleted Texts Under Scrutiny. Metaplanet Buys…
In brief Leaked files tie Moldovan oligarch Ilan Shor’s A7 network to $8 billion in crypto transactions for sanctions evasion. Analysts link the funds to election interference efforts via apps, bots, and ruble-backed stablecoins. Experts urge caution, noting attribution limits and the growing complexity of Russia’s crypto ecosystem. When a cache of internal files from…
CRYPTO REBOUNDS, ASTER METRICS SOAR, PLASMA HITS $13BETH, HYPE & BNB lead bounce in top L1s. ETH ETFs saw ATH outflows last week. Swift to launch blockchain in response to stablecoins. ASTER flips Tether in fees, Binance for perp volume. SEC’s Pierce urges quick progress in crypto. Stablecoin supply hits ATH over $300b. Plasma briefly…
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 rally over the weekend; BTC reclaims $112,000 Vanguard reportedly considering offering crypto ETF access to its 50M investors SEC and…
In brief Tether is reportedly seeking up to $15-20 billion for a 3% stake in its firm. Ark Invest and Softbank are reportedly in discussions to participate in the raise. The raise would value the firm at around $500 billion, making it one of the largest private companies in the world. Tech investors SoftBank Group…
In brief Plasma, a stablecoin-focused layer-1 blockchain, has hit “mainnet beta” with its XPL token debuting alongside it. XRP buyers from the initial coin offering earlier this year are up massively. Additionally, people who made deposits towards the pre-sale were handed free tokens, even if they didn’t ultimately buy XPL. Stablecoin blockchain Plasma launched its…
In brief South Korean internet giant Naver is in talks over a share swap with Upbit operator Dunamu. Naver’s filing confirmed talks on a share exchange and stablecoin projects were taking place, but said no terms are finalized. The move builds on a July KRW stablecoin plan with Dunamu, ahead of new legislation expected in…
