Everything web3, crypto, defi, degen
In brief Digital asset treasury company Safety Shot Inc., is set to rebrand itself to Bonk, Inc. on Friday. The firm says its part of a crucial shift into the “digital asset space” as it looks to “evolve” its plans and “sell off any unnecessary assets.” Its stock is up 37.65% over the past 5…
In brief Coinbase has launched crypto staking services in New York after years of objections from state regulators. New Yorkers can now stake several major tokens, including Ethereum and Cosmos, with estimated yields ranging up to 16% APY. The move follows the resignation of state crypto regulator Adrienne Harris, who reached a $100 million settlement…
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 green after BTC and Gold make new ATH; BTC at $124,500 BNB hits new ATH at $1,300 and flips XRP…
In brief EY’s Paul Brody said privacy has become a baseline requirement for institutional adoption. Tether co-founder Reeve Collins described a new stablecoin model built on transparency and user participation. dYdX’s Charles d’Haussy said institutional money entering crypto today is more disciplined and analytical than in past cycles. Crypto is entering a steadier phase, shaped…
In brief Strategy didn’t buy any Bitcoin last week. But it made $140 million in dividend payments. The firm took similar pauses at the end of Q1 and Q2. Strategy, the world’s largest corporate holder of Bitcoin, stopped accumulating the asset last week, as it made $140 million in dividend payments, according to a press…
In brief Standard Chartered analysts predict stablecoins could draw $1 trillion in deposits from banks in emerging markets over the next three years. That represents 2% of aggregate deposits in high-vulnerability countries including Egypt, Pakistan, Bangladesh, Sri Lanka, Turkey, India, and Kenya. Depositors in these emerging markets are expected to adopt stablecoins even without yield…
In brief GalaxyOne is set to compete with the likes of Coinbase and Robinhood. The platform offers “premium” yield for accredited investors. Galaxy has historically catered to financial institutions. Galaxy Digital, a crypto-focused financial services firm for institutions, unveiled a platform for individual investors on Monday, putting it in direct competition with platforms like Kraken…
In brief Steakhouse, a curator on Morpho, is sharing performance fees with Coinbase. The fees are derived from user repayments toward Bitcoin-backed loans. People are tapping the product to pay for cars and home improvements. Coinbase’s newest lending product is generating profits for the crypto exchange in several ways, but not all are reflected clearly…
In brief OnePay, a fintech firm owned by Walmart, is reportedly adding crypto trading and custody to its mobile app. The platform was developed in 2021 via a collaboration between Walmart and investment firm Ribbit Capital. The OnePay app has jumped inside the top 5 among free finance apps in both the Apple and Google…
We are excited to announce we’ve enhanced our equities offering for U.S. users, introducing a suite of new features designed to provide a seamless and comprehensive trading experience. These additions aim to further bridge the gap between traditional finance and digital assets, offering investors a unified platform to manage their portfolios. What’s new? 1. Seamless…
