Everything web3, crypto, defi, degen
In brief SharpLink Gaming stock fell nearly 15% on Friday after the company posted poor Q2 earnings results. The Ethereum treasury firm reported a net loss of $103 million for the second financial quarter. ETH dipped below $4,400 on Friday amid geopolitical uncertainties and hotter-than-expected U.S. economic data. SharpLink Gaming’s shares plummeted Friday as 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.GM!Today’s top news: Crypto majors red on the day, BTC dominance rebounds; BTC at $119k ETH ETFs see another top 5 day, outpace BTC 3.3:1…
In brief Experts generally agree that favorable regulatory shifts in the United States and massive buy-ups of Ethereum on Wall Street have enabled ETH’s current, ongoing streak. Some analysts contend these factors are so bullish for Ethereum, that the token will continue to surge through the end of the year, potentially beyond $7,000. Others caution,…
In brief Andreessen Horowitz and the DeFi Education Fund have requested the SEC create a safe harbor to shield dapp developers from being labeled broker-dealers. The recommendations would enable certain centralized entities retaining control over a crypto app to gain safe harbor if they have demonstrated “good faith to decentralize.” The proposal follows SEC chair…
In brief Circle shares popped over 11% in pre-market trading Tuesday after a bullish Q2 earnings report. The report also included news that the company plans to launch its own blockchain, Arc, in the fall. However, Circle also posted a quarterly loss of $482 million, which the company said was incurred almost entirely by IPO-related…
In brief Ethereum ETFs led digital asset funds with $268 million in weekly inflows, narrowly outpacing Bitcoin’s $260 million despite early-week volatility, according to CoinShares. The turnaround came after $1 billion in combined outflows early in the week, triggered by weak U.S. payroll data, before a $1.57 billion surge following 401(k) crypto approval. Ethereum’s year-to-date…
In brief Coinbase is rolling out decentralized exchange trading on its app. Digital tokens previously available on decentralized exchanges will now be available on the app. The San Francisco-based firm has made six acquisitions this year as it aims to expand its services. Coinbase will offer decentralized exchange trading for U.S. customers, the crypto exchange…
In brief Spanish bank BBVA will hold client funds in U.S. Treasuries, accepted by crypto exchange Binance as collateral for trades. The arrangement follows Binance’s $4.3 billion U.S. fine and FTX-driven demand for independent custody. Analysts say the move signals growing institutional trust and a maturing market infrastructure. Binance has tapped Banco Bilbao Vizcaya Argentaria…
In brief Marex is the first clearing firm to use JPMorgan’s Kinexys blockchain platform for client settlements, the companies said Wednesday. The partnership with Brevan Howard Digital enables 24/7 payments using blockchain-based deposit accounts. The move signals growing institutional interest in programmable, real-time settlement infrastructure. Financial services firm Marex has become the “first clearing firm”…
In brief Osborne compares the crypto moment to the 1980s Big Bang reforms and warns that the UK risks becoming irrelevant. FCA data shows that 12% of UK adults now hold crypto, as Singapore, Hong Kong, and Abu Dhabi pull ahead. Trade group CryptoUK and London startup Alvara spoke with Decrypt, calling for the legal…
