Everything web3, crypto, defi, degen
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 again as Trump confirms trade war; Bitcoin at $111,200 Paxos accidentally mints $300T PYUSD onchain before burning Erebor Bank…
We’re excited to announce we have acquired Small Exchange, a CFTC-licensed Designated Contract Market (DCM) from IG Group for $100 million. This move lays the foundation for us to launch a fully U.S.-native derivatives product suite, creating a deep, sophisticated onshore venue in the world’s largest capital market. The acquisition of Small Exchange advances our…
In brief Crypto exchange Kraken has purchased U.S. contract market Small Exchange for $100 million from British finance group IG. The deal gives Kraken a license to offer derivatives trading in the U.S. for the first time. Kraken opened up futures trading for U.S. customers in July, amid positive regulatory changes in the U.S. Kraken,…
In brief BNB shows a complex market structure with spot buying rising as futures selling increases. Open interest is down 36%, with declining CVDs pointing to active selling or profit-taking. Oracle issues and depegs at Binance have caused a “drop in confidence” according to analysts, adding short-term pressure to the token. BNB’s long-standing uptrend could…
In brief Compass Coffee in Washington, D.C. became the first Square seller globally to process Bitcoin payments through a standard register during DC Fintech Week, with all transactions completing instantly. Block’s new Bitcoin payment system allows merchants to accept crypto and convert up to 50% of daily sales into Bitcoin starting November 10, with zero…
In brief Advertising firm Thumzup is considering adding DOGE as a reward payment alternative in its mobile app. Currently, users can earn cash for providing content about advertiser’s products. Initial assessments show integrating DOGE may lower costs and add value to the rewards pool. Publicly traded digital asset treasury and advertising firm Thumzup Media is…
In brief More than $19 billion worth of crypto positions were liquidated on Friday amid a flash crash. Market experts believe that increased amounts of leverage in crypto could be creating systemic risk, with leverage cascades potentially becoming a more common occurrence. It comes as Hyperliquid and Aster have made high levels of leverage more…
In brief Shares in Ethereum treasury firm ETHZilla fell more than 5% after it announced a reverse 1-for-10 stock split. Outstanding shares will shrink from around 160 million to 16 million when the split is effective next week. ETHZilla holds around 102,000 ETH valued above $400 million. Shares in publicly traded Ethereum treasury firm ETHZilla…
In brief Erebor became the first crypto bank to win a conditional federal charter under the Trump administration, and only the second ever after Anchorage Digital. Backed by Palmer Luckey and the firms of Joe Lonsdale and Peter Thiel, Erebor will soon likely join Anchorage in having certain advantages regarding the issuance of stablecoins under…
In brief Coinbase added Binance’s BNB token to its listing roadmap on Wednesday. BNB is the fourth-largest digital asset by market capitalization. Coinbase delisted the Binance-branded BUSD stablecoin amid regulatory scrutiny in 2023. Coinbase added BNB to its listing roadmap on Wednesday, signaling support for the cryptocurrency issued by its biggest competitor, Binance.Offered to the…
