Onchain investigator ZachXBT publicly challenged MemeCore on Monday to justify the valuation and supply distribution of its M token, asking the project to explain its market cap and why “insiders hold >90% of supply.” “Please provide a single data point to support your $6B mkt cap at a top 20 token and why insiders hold…
In brief Strategy made its largest Bitcoin purchase in over 16 months, scooping up $2.54 billion last week. One former Strategy bear speculated that traders using leverage piled into Strategy’s flagship preferred share to capture its upcoming dividend. On Friday, Strategy’s Michael Saylor proposed semi-monthly dividends for the preferred share to “stabilize price, dampen cyclicality,…
Crypto exchange Coinbase has rolled out crypto-backed USDC loans for users in the United Kingdom, allowing users to borrow USDC against Bitcoin, Ether and Coinbase Wrapped Staked Ether (cbETH). The loans are issued through Morpho, a lending protocol on Base. According to a Monday announcement, users can borrow up to $5 million in USDC (USDC)…
Bitcoin (BTC) has recovered 25% from its multi-year low below $60,000, with momentum indicators flashing rare “buy” signals. Key takeaways: Bitcoin’s MACD and RSI indicators forecast a sharp BTC price rally in the coming days. Bitcoin price must reclaim $78,000 in the coming days to sustain upward momentum. Bitcoin’s MACD, RSI confirm “bull market is…
Michael Saylor’s Strategy, the world’s largest public Bitcoin holder, has blasted past 800,000 BTC in total holdings after announcing its latest purchases. Strategy acquired 34,164 Bitcoin (BTC) for $2.54 billion between April 13 and 19, according to an 8-K filing with the US Securities and Exchange Commission on Monday. The buy ranks as Strategy’s third-largest…
3,478.5543Morning 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. And check out our new daily news show covering all of the top stories in 5 minutes or less, downloadable on Apple Pod or Spotify. GM! Today’s top news: Crypto majors fall…
Cryptocurrency investment products logged another week of strong inflows on ceasefire optimism and a Bitcoin price breakout driving investor sentiment. Crypto exchange-traded products (ETPs) posted $1.4 billion in inflows last week, beating the prior week’s $1.1 billion and marking the second-largest weekly inflows since January, CoinShares reported on Monday. Following the three-week inflow streak totaling…
In brief Attackers drained roughly $292M from KelpDAO’s cross-chain bridge on Saturday. LayerZero, which powered the breached bridge, tied the hack to North Korea’s Lazarus Group. The bridge itself wasn’t broken, but attackers corrupted the channel verifying it, Decrypt was told. The exploit that drained roughly $292 million from KelpDAO’s cross-chain bridge over the weekend…
Bitcoin (BTC) begins the last full week of April juggling fresh US-Iran war fears as resistance hurdles line up. Key points: Bitcoin stays green on weekly time frames with multiple nearby price levels in focus. Elliott Wave analysis concludes that $81,000 is Bitcoin bulls’ next “final boss.” A resurgent US-Iran war threatens to unravel last…
Key takeaways Mastercard is integrating stablecoins into its payment infrastructure to modernize the back-end settlement process, allowing banks and issuers to settle card transactions using regulated digital dollars such as SoFiUSD. The partnership with SoFi Technologies enables SoFi Bank to settle Mastercard transactions in SoFiUSD, while Galileo’s platform allows other banks and fintech issuers to…