Stablecoin Reserves on Exchanges Hit $68B While Supply Growth Slows

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. 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 jump…

Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with NewsBTC.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field. His mission is simple…

The crypto market experienced a significant decline on July 25th, triggered by an unexpected sharp sell-off that led to a wave of liquidations in the derivatives market. The total market capitalization dropped by over 3.5% to around $2.31 trillion. This plunge has left many market participants questioning the underlying causes and the potential duration of…

Sonic Labs has called off the launch of an algorithmic USD stablecoin because of the new regulations in the U.S. The current proposed STABLE Act includes a ban on algorithmic stablecoins for two years. Andre Cronje agreed with the decision and mentioned previous disappointments such as TerraUSD. Sonic Labs has officially withdrawn its plans to…

A coordinated group of whales, suspected of being backed by major cryptocurrency exchanges such as Binance and OKX, manipulated the price of the JELLY token on the Hyperliquid (HYPE) DEX. Wallets linked to several major CEX’s opened a huge JELLYJELLY short on Hyperliquid and sent the crypto community into a frenzy, with the HYPE token…