Everything web3, crypto, defi, degen
In brief Validators will decide the USDH ticker in an on-chain vote scheduled for September 14. Hyperliquid claims the ticker carries no special privileges, while analysts see it as a push to reduce reliance on USDC. Analyst estimates suggest USDH could divert $5.5 billion from USDC and generate $220 million annually for HYPE holders. Hyperliquid,…
In brief SOL Strategies received approval to list its common shares on the Nasdaq Exchange. The firm intends to trade under ticker STKE starting on September 9. Shares of the firm were up nearly 20% on the Canadian Stock Exchange on Friday. Publicly traded Solana treasury and infrastructure company SOL Strategies received approval to list…
In brief Hyperliquid has opened proposals for teams to issue a USDH stablecoin on its network. Validators will have five days to vote on proposals, with the ticker being unlocked for the winning team once quorum is reached. But an established Hyperliquid stablecoin protocol is calling it “unfair,” as it pursued the ticker in the…
In brief Ethereum transformed the blockchain industry by enabling smart contracts, DAOs, NFTs, and decentralized apps. From its 2015 launch to The Merge in 2022, Ethereum has driven innovation and faced growing pains. Ethereum powers DeFi and NFTs, but still battles high fees, scalability limits, and fierce competition. Ethereum, the second-biggest cryptocurrency after Bitcoin, is…
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 deep red down 3-6% ahead of PCE; BTC at $110,000 U.S. Commerce Dept begins publishing GDP data to blockchain with…
In brief Stablecoin giant Tether is bringing USDT to the Bitcoin network. Users will be able to spend their stablecoins on Bitcoin’s network via the RGB protocol. Tether says it wants Bitcoin to be “everyday money.” Stablecoin giant Tether is pushing further into the Bitcoin ecosystem, announcing on Thursday that it would make its USDT…
In brief Singapore bank DBS is tokenizing structured notes on Ethereum. The notes will give investors exposure to crypto markets. DBS is the latest TradFi institution to move into the tokenization space. Singaporean bank DBS will tokenize structured notes using Ethereum, the company announced Thursday.The bank said it had partnered with digital platforms ADDX, DigiFT,…
In brief BitMine Immersion Technologies added $1.7 billion in ETH in the last week. The firm now holds more than 1.5 million ETH, or greater than 1% of the total Ethereum supply. Shares of BMNR are trading down 3.7% on the day, but still outperforming ETH. BitMine Immersion Technologies added $1.7 billion or more than…
In brief XRP is a cryptocurrency developed to facilitate efficient cross-border transactions, particularly for financial institutions and payment providers. The XRP Ledger employs a unique consensus protocol called the Ripple Consensus Algorithm to validate transactions. A long-running legal dispute between Ripple Labs and the U.S. SEC over whether sales of XRP constituted a unregistered securities…
In brief Kaia registered four KRW-related trademarks earlier this month; Kakao and Kakao Pay sit on its governance council. Competing bills and an administration framework would set rules on licensing, reserves, equity requirements, interest treatment, and banks’ roles. Foreign exchange controls and planned reporting for cross-border crypto flows could limit early use cases, relative to…
