
Our weekly updates are put together by folks deep in the crypto scene, giving you a clear picture of what's happening without overwhelming you.

August 9, 2024
ALPHA: What a Wonderful Worlde
August 9, 2024
AIRDROPS: Margin trading, no liquidation
August 2, 2024
AIRDROPS: Lend an asset
August 2, 2024
ALPHA: What a Wonderful Worlde
July 26, 2024
AIRDROPS: Apple + Moon
July 26, 2024
ALPHA: Make it Immutable
July 19, 2024
ALPHA: Are you an Old Soul?
July 19, 2024
AIRDROPS: On the Mantle
July 12, 2024
AIRDROPS: Stone age
July 12, 2024
ALPHA: Free ChampionsJun 5, 2025

Business
‘They Make No Money’: Here’s What Tether’s CEO Had to Say About Circle Before Its Massive IPO
It was early April, during the middle of a conversation with Decrypt at Cantor Fitzgerald’s swanky midtown Manhattan headquarters, that Tether CEO Paolo Ardoino abruptly asked to pause the interview. The reason? He’d noticed a “weird message” on the laptop open in front of him. After twenty seconds of silence in the conference room, Ardoino’s face flashed a big grin. Reports were circulating that Circle, one of Tether’s chief competitors, might tap the brakes on its long-planned IPO. ”People w...
Jun 4, 2025

Business
Stablecoin Giant Circle Raises $1.1B in IPO, Valued at $6.9B Ahead of NYSE Debut
Circle has priced its initial public offering at $31 per share, raising approximately $1.1 billion in an upsized deal that exceeded both initial size and guidance. The offering values the stablecoin issuer at $6.9 billion based on outstanding shares, with a fully diluted valuation of $8.1 billion including options and warrants. The company and selling shareholders sold a total of 34 million shares, up from 32 million as of Monday. Circle initially aimed to sell 24 million shares at $24 to $26....
May 20, 2025

Law and Order
Senate Stablecoin Bill Passes Key Vote as GENIUS Act Regains Momentum
Against all odds, the Senate’s stablecoin bill has regained political momentum, passing a key procedural vote Monday evening that has set the legislation on track for passage within days. Less than two weeks ago, the bill, dubbed the GENIUS Act, failed to pass the same procedural cloture vote—which ends debate on a measure and advances it towards full floor consideration. At the time, a perfect storm of political winds conspired to derail support for the bill among pro-crypto Democrats. Chief a...
May 15, 2025

Law and Order
Senate Stablecoin Bill Makes Progress With New Draft—Here's What's In It
Amidst the nail-biter, week-long drama over whether the Senate’s GENIUS Act is really dead or not, progress appears to have been made Thursday—with pro-crypto Democrats now touting concessions they’ve received from Republican colleagues in a new draft of the bill, which could see a vote by early next week. Decrypt obtained a copy and reviewed this negotiated draft of the Senate’s stablecoin legislation. The bill indeed contains new language on issues such as national security protections, ethics...
May 13, 2025

Law and Order
Is the Senate Stablecoin Bill Dead? Here's What's Going On
It was supposed to be a slam dunk. The American crypto industry, flush with more political capital than it has ever had (and perhaps will ever have), was to get its long-awaited “regulatory clarity” on stablecoins last week. And yet the Senate failed to pass a key procedural vote on the marquee stablecoin legislation. As the bill, dubbed the GENIUS Act, languishes in legislative purgatory, should it be considered functionally dead—or might there be hope yet for its passage? It depends who you a...
May 7, 2025

Law and Order
Senate Nears Deal on Stablecoin Bill as Lawmakers Race Against the Clock
After several days of high-stakes crypto drama on Capitol Hill, a clique of holdout Senate Democrats appears to be nearing a deal to support stablecoin legislation—though the matter is far from settled. On Wednesday, a small group of pro-crypto Democratic senators including Ruben Gallego (D-AZ), Mark Warner (D-VA), and Angela Alsobrooks (D-MD) met with Republican counterparts to discuss terms that would win back their support of the GENIUS Act, which would establish a framework for offering sta...
May 6, 2025

Law and Order
House Democrats Walk Out on Digital Assets Hearing Over ‘Trump’s Crypto Corruption’
House Democrats staged a walkout of a digital assets-focused hearing on Tuesday, with party leadership threatening that President Donald Trump’s personal crypto ventures could derail bipartisan support of pending crypto legislation. House Financial Services Committee ranking member Maxine Waters (D-CA) led the charge, objecting at the outset to the hearing’s convening. A dramatic scene then ensued, with Democrats including Rep. Stephen Lynch (D-MA) yelling out a list of crypto-related profits t...
Apr 24, 2025

Markets
Myriad Moves: Predictions on Trump Tariffs, the Canadian Election, Next Pope and More
The rise of prediction markets has given crypto participants a wide array of opportunities to test their knowledge of markets, politics, pop culture, and more. By using a prediction market like Myriad, users can follow or wager on a real-time, community-sourced indicator of an event’s likelihood, potentially cashing in on their knowledge in the process. What’s popping on Myriad this week? Here’s a look at some of the most interesting, active, and newsworthy markets right now, including current...
Apr 11, 2025

Markets
Public Keys: High Hopes for HOOD, Custody Battle for Coinbase, and Analysts' Favorite Metric
Public Keys is a weekly roundup from Decrypt that tracks the key publicly traded crypto companies. This week: Robinhood and MARA Holdings were the only two crypto stocks that ended the week in the green; Coinbase gets competition for its custody biz; and why GDP isn’t all that interesting for asset managers. Green shoots for Robinhood and MARA Trading platform Robinhood and Bitcoin miner MARA Holdings managed to end what’s been another rollercoaster five days for markets higher than they were th...
Apr 2, 2025

Law and Order
Trump’s Crypto Conflicts Dominate Stablecoin Legislation Debate
A House Financial Services Committee markup of stablecoin legislation appeared to go off course Wednesday, with Democrats spending hours hammering home the same message: They would in principle support the STABLE Act, but see President Donald Trump’s personal involvement in the stablecoin sector as an unacceptable conflict of interest. Multiple Democrats, including a co-sponsor of the STABLE Act itself, offered amendments to the bill on Wednesday that would have prevented the president, his cab...
Apr 1, 2025

Law and Order
Top Lawmaker Shuts Down Coinbase Plea for Interest-Bearing Stablecoins
As stablecoin legislation races toward the finish line in both chambers of Congress, crypto leaders have issued increasingly direct appeals to make those bills more favorable to their industry—but they're encountering resistance from lawmakers. One emergent sticking point has been whether U.S.-regulated stablecoins should be allowed to generate interest for holders moving forward. On Coinbase, for instance, users can currently earn 4.1% APY on their USDC deposits—an attractive feature that coul...
Mar 28, 2025

Law and Order
Stablecoin Legislation Shouldn’t Force Issuers to Comply With Bank Secrecy Act: Rep. Tom Emmer
In a potential sign of brewing tensions regarding key language in multiple stablecoin bills circulating in Congress, House Majority Whip Tom Emmer (R-MN) said this week he doesn’t believe stablecoin issuers like Tether should have to comply with the anti-money laundering Bank Secrecy Act—a major sticking point of both the Senate’s stablecoin-focused GENIUS Act, and the House’s parallel STABLE Act. Including such a provision in the legislation could box out foreign issuers while favoring U.S. co...
Mar 6, 2025

Our Company
Prediction Market MYRIAD Launches USDC Markets
MYRIAD, the on-chain prediction market from Decrypt and Rug Radio parent company DASTAN, has launched USDC markets on its platform. The milestone means that for the first time, MYRIAD users can make predictions using Circle’s regulated stablecoin USDC, which can be redeemed 1:1 for U.S. dollars. “USDC markets is huge for us,” DASTAN co-founder and President Farokh Sarmad told Decrypt. He explained that with USDC markets on MYRIAD, “predictions are real-time consumer sentiment,” adding that the p...
Dec 11, 2024

Markets
Binance and Circle Partner to Boost Global USDC Adoption
The world’s leading cryptocurrency exchange Binance partnered with U.S.-based stablecoin issuer Circle to accelerate the adoption of the USDC stablecoin. The two companies announced their collaboration at the Abu Dhabi Finance Week on Dec. 11, and said they hope to “support the development of the global digital assets and broader financial services ecosystem.” The crypto exchange plans to extend the availability of USDC on its platform for trading, saving, and payments applications. Binance and...
Sep 28, 2024

Markets
Could Robinhood and Revolut Find Stablecoin Success Where PayPal Stumbled?
Fintech heavyweights Robinhood, a U.S. investing app, and Revolut, a crypto-friendly neobank based in London, are considering launching their own stablecoins, unnamed sources told Bloomberg this week. The giants are eyeing the stablecoin market at a time when Tether (USDT), with its $119 billion market capitalization, accounts for roughly 68% of the $173.5 billion category. With Europe offering clearer regulatory frameworks, the fintech giants could bring a new wave of competition. However, the...
Apr 25, 2024

Coins
Payments Giant Stripe Reenters Crypto With USDC on Ethereum, Solana and Polygon
Payments processor Stripe is back in the crypto game after announcing today that it will soon allow merchants to receive funds in the USD Coin (USDC) stablecoin. Starting this summer, the San Francisco-based firm will let companies that use its technology accept USD Coin (USDC) for online payments. USDC is the second biggest stablecoin in the crypto space and the sixth biggest cryptocurrency by market cap. “We’re excited about empowering Stripe users to accept stablecoin payments, helping them...
Oct 31, 2023

Business
Retail Investors Can No Longer Mint USDC Directly Through Circle
USDC stablecoin issuer Circle will discontinue support for legacy consumer accounts, the company said on Tuesday. The USD Coin token is a U.S. dollar-pegged stablecoin, meaning that Circle maintains $1 in reserves—in cash or cash equivalents—to back each of the $25 billion worth of tokens in circulation. USDC is the second-most popular dollar-backed stablecoin behind Tether (USDT), which on Tuesday had a market capitalization of $85 billion, according to CoinGecko. “Circle is phasing out support...
Sep 29, 2023

Law and Order
Stablecoin Legislation Looms Despite Threat of Government Shutdown
House Financial Services Committee Chair Patrick McHenry signaled on Friday that stablecoin regulation is still top of mind, despite a potential government shutdown looming on the horizon. “Things are complicated right now,” McHenry said, speaking over Zoom to a crowd gathered in New York at a forum organized by stablecoin issuer Circle. “But I'm gonna do my best to get this to the president's desk.” Stablecoins are digital assets pegged to the price of a sovereign currency like the U.S. dollar....
Aug 21, 2023

Business
Coinbase Acquires Stake in Circle, Dissolving USDC Issuer Centre
Centre Consortium, which issues second-largest stablecoin USDC, has been dissolved as Coinbase acquires a minority share in Circle Internet Financial, according to a blog post from the company. "Centre will no longer exist as a stand-alone entity and Circle will remain as the issuer of USDC, bringing any Centre governance and operations responsibilities in-house," Circle CEO Jeremy Allaire and Coinbase CEO Brian Armstrong said in a jointly-authored blog post. The announcement added that revenue...
Apr 19, 2023

Business
Congress Is 'Starting From Scratch' on Stablecoin Legislation
Members of the U.S. House Financial Services Committee turned their attention to stablecoins Wednesday, picking up where they left off on regulation pushed back last year. But lawmakers said any progress made since then is tenuous at best. FSC ranking member Maxine Waters (D-CA) suggested that lawmakers are “starting from scratch” after Republicans made alterations to a bill that died on the vine last year ahead of the midterm election called the Stablecoin TRUST Act. Lawmakers’ most recent pass...