Everything web3, crypto, defi, degen
In brief Stablecoins now account for 30% of all crypto transaction volume, over $4 trillion in total, according to a new report from TRM Labs. The stablecoin market has remained both highly consolidated and US-dollar-centric. TRM Labs told Decrypt that “interest will continue to surge” in stablecoins. The big winner in the crypto world over…
Throughout the quarter, Kraken accelerated that momentum – introducing new product categories, enhancing client experiences and expanding platform-wide capabilities to strengthen our full product suite. Our results demonstrate the scalability of our multi-product platform and the resilience of our model in a fast-changing market. By pairing innovation with discipline, we continue to lay the foundation…
In brief ChinaAMC’s Solana ETF will be Hong Kong’s first spot fund offering direct exposure to SOL, set to begin trading Oct. 27. The ETF will invest entirely in SOL and track the CME CF Solana-USD Index based on the APAC reference rate. Observers say the move shows Hong Kong’s confidence in expanding its regulated…
By Arjun Sethi, Kraken co-CEO The illusion of liquidity It happened in September 2019 when overnight repo rates spiked to 10%. It happened in March 2020 when Treasury markets seized and the world’s benchmark “risk free” asset had no bid. It happened again in March 2023 when regional banks failed and the Fed had to…
In brief Visa reports stablecoins have originated $670 billion in lending over five years, with average loan sizes rising from $76,000 to $121,000. USDC and USDT dominate stablecoin lending, mirroring their share of the $307 billion total stablecoin market. The IMF warns that stablecoin growth could lead to excessive risk-taking and financial system vulnerabilities. Payments…
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…
By Perry Scott, Kraken Sr. Manager Policy & Government Relations There was the creation of the Eurobond market in the 1960s, which London and New York together transformed into a foundation for global capital flows. Then the post-financial crisis reforms of the G20 era, where U.S. and U.K. leadership drove international standards on clearing, risk…
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 fall as China trade war rhetoric escalates; BTC at $111k Gold hits another new ATH as Bitcoin and crypto lags…
In brief BlackRock CEO Larry Fink said the firm is working on its own tokenization tech. Everything from ETFs to real estate could be tokenized, he said. Tokenized ETFs could help people prepare for retirement, he added. The world’s largest asset manager is developing its own technology related to digital representations of traditional assets, BlackRock…
In brief Nearly every major social platform now relies on AI for ranking, ad targeting, moderation, and engagement optimization. A 2025 report found 96% of social media professionals use AI tools—72.5% daily—to generate and manage content. Analysts forecast the AI-in-social-media market to triple by 2030, embedding algorithmic influence deeper into online discourse. Large language models…
