Everything web3, crypto, defi, degen
In brief Microsoft allegedly used an exclusive Azure agreement from 2019 to control compute supply to OpenAI, keeping ChatGPT prices artificially high while developing competing AI products. When OpenAI began buying compute from Google in June 2025, token prices reportedly dropped 80 percent within weeks, which plaintiffs say is evidence of the restraint. The lawsuit…
In brief Bitcoin dropped from $121,000 to $106,000 on Friday after Trump announced 100% tariffs on China, triggering $19 billion in liquidations within 24 hours. The crash hit leveraged traders on centralized exchanges hardest, with 1.6 million positions liquidated as the timing—after market close—left crypto as the only outlet for investor reaction. Leverage amplifies both…
In brief Ripple is teaming with blockchain security firm Immunefi to host an “attackathon” for the XRP Ledger lending protocol. If one serious bug is found, a full $200,000 will be provided to participants. The protocol aims to eventually offer fixed-term, uncollateralized loans on the XRP Ledger. Ripple is offering up to $200,000 to users…
In brief The Singapore High Court has approved WazirX’s debt restructuring scheme with modifications. The platform will resume operations within 10 business days once the scheme becomes legally effective. 95.7% of voting creditors backed the amended plan in the August 2025 revote. Embattled crypto exchange WazirX secured court approval for its debt restructuring plan on…
In brief Binance said its systems remained operational during the $19 billion market-wide liquidation, attributing reports of tokens hitting zero to a display error. Affected assets that depegged on the exchange included USDe, BNSOL and wBETH. Analysts described the payout as rare and likely aimed at restoring confidence in the post-CZ era. Crypto exchange Binance…
In brief Crypto ETPs drew $3.17 billion in inflows last week, pushing 2025’s total to a record $48.7 billion. Friday’s market crash saw minimal ETF outflows of just $159 million, suggesting retail investors held positions while institutional traders remained largely unaffected. Bitcoin briefly dropped below $110,000 over the weekend but is recovering, with Ethereum showing…
In brief BitMine Immersion Technologies added more than 200,000 Ethereum during the recent crypto market dip. The firm now holds more than 3 million ETH valued at greater than $12.5 billion. Shares of BMNR jumped 4.5% early Monday as the market rebounds. Top publicly traded Ethereum treasury firm BitMine Immersion Technologies bought the crypto dip.The…
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.🧨 A Historic Flush: ~$19B in Crypto LiquidationsFriday wasn’t just a bad day for crypto.It was the worst day in crypto’s existence.And all due to a miscommunication at…
In brief House of Doge, the business arm of the Dogecoin Foundation, is now trading on the Nasdaq after merging with Brag House Holdings (TBH). Backed by Elon Musk’s lawyer Alex Spiro, the company aims to use new capital to expand Dogecoin’s role in global payments and expand its reach into sports and other sectors.…
In brief Aster has delayed its airdrop from October 14 to October 20, due to “potential data inconsistencies” leading to miscalculated token allocations. The announcement said that “for most users,” the new figures should not be lower than what they have already been shown. It comes just hours after the airdrop checker went live, which…
