Cardano and XRP Whale Activity Hits Multi-Month High Despite Recent Pullback

Bitcoin’s drop to $114,600 during the early Asian session on Monday triggered a liquidation spree, but Cardano and XRP whales continued to accumulate despite the crypto market downturn. As the market corrected, XRP and Cardano are down 3.7% and 6.2% in the past 24 hours, CoinGecko data shows. "The recent correction from the last two weeks of exuberance is healthy for the markets,” Max Shannon, senior associate at Bitwise Europe, told Decrypt. On-chain data provides strong evidence for this contr...

Bitcoin’s drop to $114,600 during the early Asian session on Monday triggered a liquidation spree, but Cardano and XRP whales continued to accumulate despite the crypto market downturn. As the market corrected, XRP and Cardano are down 3.7% and 6.2% in the past 24 hours, CoinGecko data shows. "The recent correction from the last two weeks of exuberance is healthy for the markets,” Max Shannon, senior associate at Bitwise Europe, told Decrypt. On-chain data provides strong evidence for this contr...

Famed Short Seller Warns Strategy’s $51M Bitcoin Buy Signals Weak Demand for Latest Offering

Famed short-seller James Chanos, who’s best known for shorting Enron before its implosion in 2007, is calling out Strategy for its modest $51 million Bitcoin purchase and loosening a key safeguard against shareholder dilution. Chanos said the company’s latest Bitcoin purchase points to weak demand for its preferred stock offerings, and accused chairman Michael Saylor of lowering a key shareholder safeguard, in a tweet on Monday. In its Q2 2025 earnings report, Strategy said it would only issue s...

Famed short-seller James Chanos, who’s best known for shorting Enron before its implosion in 2007, is calling out Strategy for its modest $51 million Bitcoin purchase and loosening a key safeguard against shareholder dilution. Chanos said the company’s latest Bitcoin purchase points to weak demand for its preferred stock offerings, and accused chairman Michael Saylor of lowering a key shareholder safeguard, in a tweet on Monday. In its Q2 2025 earnings report, Strategy said it would only issue s...

Metaplanet’s Bitcoin Treasury Swells to 18,888 BTC With Fresh Buy

Metaplanet Inc. bought an additional 775 Bitcoin for $93 million (¥13.733 billion) Monday, lifting the Tokyo-listed firm’s holdings to 18,888 BTC as it extends its Bitcoin treasury program. The company said the tranche was executed at an average $120,000 (¥17,720,023) per coin, lifting its aggregate cost basis to $1.94 billion (¥284.097 billion) and its overall average purchase price to $102,000 (¥15,041,118) per Bitcoin. “18,888 BTC. Onward and upward,” Metaplanet President Simon Gerovich tweet...

Metaplanet Inc. bought an additional 775 Bitcoin for $93 million (¥13.733 billion) Monday, lifting the Tokyo-listed firm’s holdings to 18,888 BTC as it extends its Bitcoin treasury program. The company said the tranche was executed at an average $120,000 (¥17,720,023) per coin, lifting its aggregate cost basis to $1.94 billion (¥284.097 billion) and its overall average purchase price to $102,000 (¥15,041,118) per Bitcoin. “18,888 BTC. Onward and upward,” Metaplanet President Simon Gerovich tweet...

Morning Minute: Wall Street Loads Up on Bitcoin

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 dip 3-6% overnight; BTC holds at $115,000 Gemini files to go public with ticker GEMI, timing TBD BTCS becomes first TreasuryCo to issue a ‘Bividend’, offers blockchain dividend Adam Back’s Bitcoin Standard TreasuryCo to launch with 30k BTC + $1.5B LIGHT eco r...

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 dip 3-6% overnight; BTC holds at $115,000 Gemini files to go public with ticker GEMI, timing TBD BTCS becomes first TreasuryCo to issue a ‘Bividend’, offers blockchain dividend Adam Back’s Bitcoin Standard TreasuryCo to launch with 30k BTC + $1.5B LIGHT eco r...

HYPE, SUI Lead Altcoin Losses as Ethereum Dips Under $4,300

Ethereum’s slip below $4,300 set off a chain reaction across crypto markets Monday morning, wiping out more than $487 million in long positions and leaving altcoins bleeding. Hyperliquid (HYPE) plummeted 8.7% to $43.38 while Sui (SUI) crashed 7.3% to $3.55, leading a brutal selloff across altcoins. Ethereum (ETH) shed 5.4%, Solana (SOL) tumbled 5.6%, and Cardano (ADA) declined 6.2%, according to CoinGecko data. XRP (XRP) fell 4.5%, Stellar (XLM) dropped 5.4%, and Dogecoin (DOGE) retreated 4.6%...

Ethereum’s slip below $4,300 set off a chain reaction across crypto markets Monday morning, wiping out more than $487 million in long positions and leaving altcoins bleeding. Hyperliquid (HYPE) plummeted 8.7% to $43.38 while Sui (SUI) crashed 7.3% to $3.55, leading a brutal selloff across altcoins. Ethereum (ETH) shed 5.4%, Solana (SOL) tumbled 5.6%, and Cardano (ADA) declined 6.2%, according to CoinGecko data. XRP (XRP) fell 4.5%, Stellar (XLM) dropped 5.4%, and Dogecoin (DOGE) retreated 4.6%...

Crypto Influencer Jailed For $3.5M Cryptojacking Scheme

A Nebraska man has been sentenced to one year and one day in prison for running a large-scale illegal "cryptojacking" scheme that defrauded two major cloud computing providers out of more than $3.5 million worth of computing resources, which he used to mine nearly $1 million in cryptocurrency. Charles O. Parks III, 46, also known online as "CP3O," pleaded guilty in December 2024 to wire fraud after being indicted earlier that year. He initially faced a maximum sentence of 30 years. Crypto Influ...

A Nebraska man has been sentenced to one year and one day in prison for running a large-scale illegal "cryptojacking" scheme that defrauded two major cloud computing providers out of more than $3.5 million worth of computing resources, which he used to mine nearly $1 million in cryptocurrency. Charles O. Parks III, 46, also known online as "CP3O," pleaded guilty in December 2024 to wire fraud after being indicted earlier that year. He initially faced a maximum sentence of 30 years. Crypto Influ...

Bitcoin Slip Triggers $300 Million in Liquidations—What’s Next?

Bitcoin has lost 2.6% in the past day, after a rally to new all-time highs last week on the expectations of a U.S. federal interest rate cut. At the time of writing, Bitcoin is changing hands at $115,192 after having jumped as high as $122,882 only days ago. Analysts said derivatives data shows a wave of profit-taking driving the top crypto’s weekend decline. More than $300 million worth of positions were liquidated due to the minor dip in Bitcoin’s price, according to CoinGlass. An uptick in pu...

Bitcoin has lost 2.6% in the past day, after a rally to new all-time highs last week on the expectations of a U.S. federal interest rate cut. At the time of writing, Bitcoin is changing hands at $115,192 after having jumped as high as $122,882 only days ago. Analysts said derivatives data shows a wave of profit-taking driving the top crypto’s weekend decline. More than $300 million worth of positions were liquidated due to the minor dip in Bitcoin’s price, according to CoinGlass. An uptick in pu...

JPYC Expects to Secure Approval for Japan's First Regulated Yen-Backed Stablecoin

Japanese fintech firm JPYC is expected to receive regulatory approval from the Financial Services Agency (FSA) for its yen-backed stablecoin later this year, making it the first officially recognized issuance of its kind in Japan. The company has already been operating a version of the token—also named JPYC—but will now bring it under the country’s stablecoin framework, with broader sales to individuals, corporations and institutional investors expected to begin once its registration as a money...

Japanese fintech firm JPYC is expected to receive regulatory approval from the Financial Services Agency (FSA) for its yen-backed stablecoin later this year, making it the first officially recognized issuance of its kind in Japan. The company has already been operating a version of the token—also named JPYC—but will now bring it under the country’s stablecoin framework, with broader sales to individuals, corporations and institutional investors expected to begin once its registration as a money...

Apple's Robot Plans Resurface—Here's the Latest

Apple is once again exploring robotics behind closed doors, as the company continues to shift focus from Apple Intelligence. According to a recent Bloomberg report, the company is internally evaluating several AI-powered hardware concepts, including smart home displays, security devices, and a tabletop robot that could use facial recognition and motorized movement to interact with users. None of the devices are officially in development, and sources caution they may never reach the market. One p...

Apple is once again exploring robotics behind closed doors, as the company continues to shift focus from Apple Intelligence. According to a recent Bloomberg report, the company is internally evaluating several AI-powered hardware concepts, including smart home displays, security devices, and a tabletop robot that could use facial recognition and motorized movement to interact with users. None of the devices are officially in development, and sources caution they may never reach the market. One p...

Stablecoin Boom Has Made Crypto Ramps 'Sexier' M&A Targets, Says VanEck VC

Companies that serve as connective tissue between digital assets and legacy payments systems are getting a glow-up from stablecoins this year, according to VanEck Ventures Managing Partner Juan Lopez. As companies continue to explore new use cases with dollar-pegged tokens, those that help customers swap between cash and crypto are becoming some of the hottest targets for mergers and acquisitions, he told Decrypt in a recent interview. Although they were mostly perceived as a way to let customer...

Companies that serve as connective tissue between digital assets and legacy payments systems are getting a glow-up from stablecoins this year, according to VanEck Ventures Managing Partner Juan Lopez. As companies continue to explore new use cases with dollar-pegged tokens, those that help customers swap between cash and crypto are becoming some of the hottest targets for mergers and acquisitions, he told Decrypt in a recent interview. Although they were mostly perceived as a way to let customer...

Canary CEO Predicts Bitcoin Will Hit $150K This Year—But Ethereum Surge Won't Last

Bitcoin could climb as high as $150,000 before the end of the year, followed by another bear market in 2026, according to Steven McClurg, CEO of Canary Capital. But he's not convinced that the recent Ethereum surge will continue. The BTC prediction comes as crypto markets flirt with record highs and institutional investors pile into exchange-traded funds (ETFs). Bitcoin hit a new all-time high of $124,128 on Wednesday. “There’s a greater than 50% chance that Bitcoin goes to the $140,000 to $150,...

Bitcoin could climb as high as $150,000 before the end of the year, followed by another bear market in 2026, according to Steven McClurg, CEO of Canary Capital. But he's not convinced that the recent Ethereum surge will continue. The BTC prediction comes as crypto markets flirt with record highs and institutional investors pile into exchange-traded funds (ETFs). Bitcoin hit a new all-time high of $124,128 on Wednesday. “There’s a greater than 50% chance that Bitcoin goes to the $140,000 to $150,...

Moonbirds NFTs Are Soaring Again: What's Behind the Price Surge

A little over a year ago, Moonbirds was a cautionary tale. The once-hyped Ethereum profile picture (PFP) project, launched in 2022 by Kevin Rose’s Proof to immense demand, had seen its reputation crater amid community backlash, ownership shakeups, and plummeting prices. Holders griped about broken promises, shifting roadmaps, and changing leadership. By mid-2023, the project’s floor price had fallen from double-digit ETH highs to well under 1 ETH, making it an enduring punchline in NFT circles....

A little over a year ago, Moonbirds was a cautionary tale. The once-hyped Ethereum profile picture (PFP) project, launched in 2022 by Kevin Rose’s Proof to immense demand, had seen its reputation crater amid community backlash, ownership shakeups, and plummeting prices. Holders griped about broken promises, shifting roadmaps, and changing leadership. By mid-2023, the project’s floor price had fallen from double-digit ETH highs to well under 1 ETH, making it an enduring punchline in NFT circles....

Billions in Ethereum Waiting to Be Unstaked Could Add Sell Pressure to ETH: Analyst

Ethereum holders are increasingly lining up to unstake their tokens, a trend that could put significant sell pressure on the cryptocurrency, according to one crypto expert. The Ethereum blockchain's validator exit queue hit 855,158 ETH on Friday—the highest it's ever been, according to validatorqueue.com. The tokens were worth a combined $3.7 billion as of late Friday, according to data provider CoinGecko. Staking is a process by which digital asset holders lock up their tokens to secure a block...

Ethereum holders are increasingly lining up to unstake their tokens, a trend that could put significant sell pressure on the cryptocurrency, according to one crypto expert. The Ethereum blockchain's validator exit queue hit 855,158 ETH on Friday—the highest it's ever been, according to validatorqueue.com. The tokens were worth a combined $3.7 billion as of late Friday, according to data provider CoinGecko. Staking is a process by which digital asset holders lock up their tokens to secure a block...

Gemini Plans to Go Public via Nasdaq as Crypto IPOs Boom

Cryptocurrency exchange Gemini announced Friday that it has submitted a public S-1 filing with the SEC to launch a planned initial public offering, two months after previously revealing a confidential filing with the regulator. Gemini, which was founded in 2014 by billionaire Bitcoin investors Tyler and Cameron Winklevoss—perhaps best known for their role in the creation of Facebook—plans to list via the Nasdaq Global Select Market under the ticker GEMI. Details on the number of shares to be off...

Cryptocurrency exchange Gemini announced Friday that it has submitted a public S-1 filing with the SEC to launch a planned initial public offering, two months after previously revealing a confidential filing with the regulator. Gemini, which was founded in 2014 by billionaire Bitcoin investors Tyler and Cameron Winklevoss—perhaps best known for their role in the creation of Facebook—plans to list via the Nasdaq Global Select Market under the ticker GEMI. Details on the number of shares to be off...

Why Digital Currency Group Is Suing Its Own Subsidiary Over $1.1 Billion Loan

Digital Currency Group has sued its subsidiary Genesis, claiming that the collapsed crypto lender has actually profited in the long-term following its collapse and subsequent bailout.  In a lawsuit filed Thursday, DCG said that the $1.1 billion loan it gave to Genesis in 2022 was ultimately more than enough to cover its losses. Crypto lender Genesis went bankrupt in 2023 as it had lent money to collapsed crypto firm Three Arrows Capital and other firms during the bear market and "crypto contagio...

Digital Currency Group has sued its subsidiary Genesis, claiming that the collapsed crypto lender has actually profited in the long-term following its collapse and subsequent bailout.  In a lawsuit filed Thursday, DCG said that the $1.1 billion loan it gave to Genesis in 2022 was ultimately more than enough to cover its losses. Crypto lender Genesis went bankrupt in 2023 as it had lent money to collapsed crypto firm Three Arrows Capital and other firms during the bear market and "crypto contagio...

Moon or Doom: Where Does XRP Price Go Next?

The XRP Army has drawn the line: the $3 price mark is now their battlefield. But, at the moment, traders can’t seem to decide if XRP is headed to the moon or back down towards doom. After hot inflation data dampened jumbo rate cut hopes earlier this week, XRP dropped 6.4%—right down to that pivotal $3.00 mark that could define the crypto asset’s next major move. On Myriad, a prediction market created by Decrypt’s parent company Dastan, traders remain slightly bullish despite the correction. Myri...

The XRP Army has drawn the line: the $3 price mark is now their battlefield. But, at the moment, traders can’t seem to decide if XRP is headed to the moon or back down towards doom. After hot inflation data dampened jumbo rate cut hopes earlier this week, XRP dropped 6.4%—right down to that pivotal $3.00 mark that could define the crypto asset’s next major move. On Myriad, a prediction market created by Decrypt’s parent company Dastan, traders remain slightly bullish despite the correction. Myri...

New York Crypto Tax Could Generate $158 Million a Year, Says Lawmaker

New York Assemblymember Phil Steck introduced legislation on Wednesday that would generate sweeping tax revenues from cryptocurrency transactions across the state. Under Bill A0966, the Empire State would immediately impose a 0.2% excise tax on crypto transactions, using the proceeds to help schools combat substance abuse in upstate New York, where the opioid epidemic has severely impacted communities for years. In a bill memo shared with Decrypt on Friday, Steck estimated that the levy would ge...

New York Assemblymember Phil Steck introduced legislation on Wednesday that would generate sweeping tax revenues from cryptocurrency transactions across the state. Under Bill A0966, the Empire State would immediately impose a 0.2% excise tax on crypto transactions, using the proceeds to help schools combat substance abuse in upstate New York, where the opioid epidemic has severely impacted communities for years. In a bill memo shared with Decrypt on Friday, Steck estimated that the levy would ge...

SharpLink Stock Dives After Q2 Loss as Ethereum Price Surge Cools

SharpLink Gaming’s shares plummeted Friday as the online gambling marketer disclosed disappointing earnings for the second financial quarter. The Ethereum treasury’s shares are trading at $20.04, down nearly 15% in intraday trading. SharpLink reported $103 million in net losses for the three-month period ending on June 30—a stark contrast to its nearly $12 million net income during the same quarter last year. Revenue came in at $1.4 million for the second quarter, down 30% from the same time las...

SharpLink Gaming’s shares plummeted Friday as the online gambling marketer disclosed disappointing earnings for the second financial quarter. The Ethereum treasury’s shares are trading at $20.04, down nearly 15% in intraday trading. SharpLink reported $103 million in net losses for the three-month period ending on June 30—a stark contrast to its nearly $12 million net income during the same quarter last year. Revenue came in at $1.4 million for the second quarter, down 30% from the same time las...

Ethereum ETF Inflows Outpace Bitcoin ETFs for Fifth Straight Day

U.S. spot Ethereum ETFs have outpaced Bitcoin funds for a fifth straight trading day, a move market observers are tying to aggressive corporate accumulation purportedly draining exchange and OTC supply, among other macro factors. Ethereum funds took in $640 million to cap Thursday’s trading session, led by BlackRock’s ETHA ($520 million) and Fidelity’s FETH ($57 million), after nearly $730 million on August 13, $523 million on August 12 and a record $1 billion tacked on August 11, data from Fars...

U.S. spot Ethereum ETFs have outpaced Bitcoin funds for a fifth straight trading day, a move market observers are tying to aggressive corporate accumulation purportedly draining exchange and OTC supply, among other macro factors. Ethereum funds took in $640 million to cap Thursday’s trading session, led by BlackRock’s ETHA ($520 million) and Fidelity’s FETH ($57 million), after nearly $730 million on August 13, $523 million on August 12 and a record $1 billion tacked on August 11, data from Fars...

Fed Ends Supervisory Program Overseeing Banks' Crypto Activity

The Federal Reserve has ended a supervisory program aimed at monitoring U.S. banks offering crypto services, its board said Friday. America's central bank back in 2023 forced banks involved in crypto and other fintech activities to notify the Fed and follow strict guidelines. "Since the Board started its program to supervise certain crypto and fintech activities in banks, the Board has strengthened its understanding of those activities, related risks, and bank risk management practices," the U.S...

The Federal Reserve has ended a supervisory program aimed at monitoring U.S. banks offering crypto services, its board said Friday. America's central bank back in 2023 forced banks involved in crypto and other fintech activities to notify the Fed and follow strict guidelines. "Since the Board started its program to supervise certain crypto and fintech activities in banks, the Board has strengthened its understanding of those activities, related risks, and bank risk management practices," the U.S...