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Morning Minute: Robinhood Chain Flips Ethereum and Base in Fees 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. 💸 Robinhood’s Two-Month-Old Chain Is Now Out-Earning.
Bitcoin traded at $78,500 as the Japanese yen breached 160 per dollar in Tokyo trading, while a U.S. strike on Iran’s Larak Island added to market uncertainty. All these follow Friday’s broad dollar advance and hawkish remarks from Warsh at Jackson Hole, which lifted.
Bitcoin began the new business week with a dip below $77,000 as geopolitical tensions in the Middle East escalated amid new attacks, but has since managed to shrug off the losses. The same cannot be said about most larger-cap alts. ETH is still struggling at $2,500, while BNB.
Bitcoin’s gradual price recovery after Friday’s dip below $77,000 continues into the weekend, with the asset barely moving past $78,000 today. Most larger-cap alts have posted minor gains as well, but ETH remains below $2,500, BNB is still beneath $700, and XRP keeps fighting.
Photo: Photo: crazy motions / Pexels / Pexels Law enforcement is fighting back with blockchain analytics contracts and cross-border wallet freezes, but organized crime's shift to crypto is accelerating faster than regulators can keep up When seven defendants, including members.
The network continues to cement its role as the dominant settlement layer for dollar-pegged digital assets, commanding over half the global stablecoin supply. Ethereum’s stablecoin market cap grew by $116.1 million in a single day, a relatively quiet number that nonetheless.
Coinspect says five wallet apps used vulnerable code that sharply reduced the randomness behind recovery phrases. A flaw in software used by at least five crypto wallets made some recovery phrases predictable enough for attackers to reconstruct, contributing to at least $5.69.
