Everything web3, crypto, defi, degen
In brief The Ethereum Foundation moved $610 million worth of ETH to a new wallet on Wednesday. The “routine” migration was to a new multi-signature wallet from Safe. The Foundation is deploying more of its funds into DeFi protocols to support community development. The Ethereum Foundation moved more than 160,000 ETH—valued at approximately $610 million…
In brief Bitcoin and Ethereum have stabilized after recent volatility, with BTC trading above $112,000 and ETH near $4,100. The two-week U.S. government shutdown has delayed key economic data releases, including the September CPI report now rescheduled for October 24. Despite data delays, Fed Chair Powell indicated the committee still has enough information to proceed…
In brief Bitcoin’s dominance hit 59% as its price surged to a new all-time high above $125,500. Experts say a true altcoin season is delayed, not cancelled, awaiting a BTC consolidation. A drop in Bitcoin dominance below 55% could trigger the next rotation into altcoins. Bitcoin cemented its dominance over the crypto market this weekend,…
In brief The U.K. government is seeking to keep most of the £5 billion ($7 billion) in Bitcoin it seized in 2018 from Zhimin Qian, who has pleaded guilty to possessing criminal property. The fraud’s victims have opened civil proceedings aimed at securing compensation, with the first hearing due in January. Legal experts suggest that,…
In brief Zhimin Qian pleaded guilty to criminal acquiring and possessing criminal property and awaits sentencing. She defrauded 128,000 Chinese individuals, ultimately turning illegally obtained funds into Bitcoin. That Bitcoin was seized between 2018-2021 and is now valued around $7 billion. Chinese national Zhimin Qian pleaded guilty to acquiring and possessing criminal property of 61,000…
In brief The alleged mastermind behind a cross-border investment fraud case is set to go on trial in London this month. The defendant is accused of organizing a Ponzi scheme, the proceeds of which were laundered into Bitcoin now worth some $7 billion. The case poses challenges over how defrauded investors demonstrate that they have…
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 retreat after post-FOMC rally; BTC -1% at $116,300 Joe Lubin confirms MetaMask token coming “very soon” Plasma sets mainnet debut…
In brief Google’s Gemini to #1 in app downloads this month and Search interests this week. This is the first time Gemini app dethrones ChatGPT. This also helped boost Google’s valuation to beat $3 trillion, just behind Nvidia, Apple and Microsoft. Google’s Gemini app hit the top of the Apple App Store on September 15,…
In brief A 74-year-old man disappeared in May after leaving home without his phone. Authorities believe the disappearance is linked to the man’s family’s crypto fortune. They’ve found evidence of fraudulent activity and impersonation of him to communicate with family members. The man’s son, a hedge fund executive, believes someone stole his father’s identity and…
In brief XRP shattered its 2018 all-time high of $3.40, entering price discovery mode with bullish momentum. Dogecoin consolidates near $0.20, but charts indicate indecision ahead. Ethereum’s long-term bullish structure remains intact on the charts, but the real test comes at all-time high resistance. It’s been an eventful few days for cryptocurrency investors, especially for…
