Markets

XRP Climbs as First US Spot ETF Sees Serious Demand

In brief The first American spot ETF giving exposure to XRP debuted on Thursday. Bloomberg analyst Eric Balchunas was surprised at the size of the Rex-Osprey XRP ETF’s initial trading volume. The price of XRP has risen over the last day, and Myriad users believe it’ll keep climbing to a new high of $4. The…

Uncategorized

Introducing Kraken Launch, powered by Legion

For 14 years, we have been one of the most trusted crypto platforms. Our vision is for Kraken Launch to support project teams throughout their token journey by offering services before, during and after token sales. Why Kraken Launch? Crypto started with an ethos of open access for all. However, the first chance retail has…

Gaming

‘Pixelverse’ Expands From Telegram With AI Agent Game on Farcaster

In brief Pixelverse is expanding beyond its successful Telegram tap-to-earn game, launching an arcade platform on Ethereum layer-2 network, Base. Its expansion is focused on delivering more Web3 mechanics to a receptive audience of crypto-native users. Its first game is Storychain, an AI agent-led game focusing on collaborative storytelling through social media. Pixelverse is moving…

Opinion

Morning Minute: Forward Industries Eyes $4B to Buy More Solana

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 mostly rally post-FOMC; BTC at $117,300 SOL jumps 5% as Forward Industries announces $4B ATM BNB crosses $1,000 for first…

Coins

BDACS, Woori Bank Launch South Korea’s First Won-Backed Stablecoin on Avalanche

In brief Digital asset custodian BDACS has launched KRW1, South Korea’s first fully regulated won-backed stablecoin, through a partnership with Woori Bank. Each token maintains full collateralization with Korean won held in Woori Bank escrow, according to BDACS. The launch comes amid competing parliamentary bills that debate interest payments and capital requirements for stablecoin issuers.…

Markets

Avalanche and Hyperliquid Lead Crypto Rally Post-Fed Rate Cut

In brief Crypto markets have posted broad gains following the Federal Reserve’s quarter-point rate cut. Hyperliquid’s USDH stablecoin has been “attracting liquidity across the board from many institutions,” according to an analyst. The momentum now hinges on project-specific catalysts, with altcoins more exposed to volatility than Bitcoin, experts told Decrypt. Avalanche (AVAX) and Hyperliquid (HYPE)…

Coins

FBI Asks SafeMoon Victims for Info Amid Restitution Efforts

In brief A federal jury found Braden John Karony guilty of securities fraud, wire fraud, and money laundering in May. The FBI has opened a victim questionnaire to identify SafeMoon investors who may qualify for restitution and services. Observers say enforcement is catching up with DeFi, though restitution remains difficult in decentralized markets. A federal…