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In brief Decentralized exchange Bunni announced its permanent shutdown Wednesday, saying it lacks the capital for a secure relaunch requiring six to seven figures in audit expenses alone. The September 2 hack drained $8.4 million through flash loan manipulation and rounding errors, with stolen funds remaining unmoved in Tornado Cash-funded wallets. Users can still withdraw assets, and Bunni pledged to distribute remaining treasury to token holders while relicensing its v2 contracts from BUSL to MIT. Decentralized exchange Bunni has announced it is permanently shutting down following an $8.4 million hack last month, with founders saying they lack the capital needed…

In brief An Ethereum whale has bought $32 million in ETH, signaling institutional interest amid corporate accumulation. A Solana whale sold $93 million, indicating “waning whale confidence” in the asset. A Bitcoin whale netted $835,000 profit, closing a short position as the market hints at a potential bottom. With Bitcoin trading in a tight range, the crypto market continues to remain on the sidelines, leading to an uptick in speculation from large investors.A newly created wallet purchased $32 million worth of Ethereum on crypto exchange OKX at an average price of $3,824, per Arkham data.The whale’s purchase comes after SharpLink…

This week, the Ethereum ecosystem has been rocked by a $654 million ETH transfer by the Ethereum Foundation. This triggered intense scrutiny over developer compensation, transparency, and leadership, culminating in the public resignation of core developer Péter Szilágyi and renewed criticism of governance practices.Simultaneously, Polygon’s AggLayer upgrade has faced launch delays and network instability, intensifying debate about Layer-2 alignment, fragmentation, and the Foundation’s support for external L2s.These developments, alongside POL token migration volatility, ongoing struggles to balance mainnet centralization with L2 sovereignty, and reaction to the Foundation’s earlier executive restructuring, have added fresh urgency to the disputes over Ethereum’s future…

AMINA Bank, a FINMA-regulated crypto bank based in Switzerland, has partnered with Tokeny, a blockchain platform owned by Apex Group, to create a regulated infrastructure for institutional tokenization, the companies said on Thursday.The deal is designed to provide financial institutions with “a regulated banking bridge” to issue and manage tokenized assets, such as government bonds, corporate securities, and treasury bills.Under the arrangement, AMINA (formerly known as SEBA Bank) will handle the banking, custody and regulatory oversight for traditional assets, while Tokeny will provide the technology for turning those assets into tokens. The setup enables clients to transfer funds seamlessly between…

In brief Indian crypto exchange WazirX will resume operations on October 24 with zero trading fees across all markets. Trading and withdrawals will resume the same day, with full functionality by Monday. The platform has partnered with BitGo for institutional-grade custody solutions. Indian crypto exchange WazirX will restart operations on October 24 with zero trading fees across all markets, more than a year after hackers stole $234 million in one of the largest cyberattacks in crypto history.Backed by 95.7% of creditors, WazirX’s Singapore court–approved restructuring plan allows the exchange to reopen for 6.6 million users locked out since the July…

Bitcoin price is hovering in the mid $107,000’s range as analysts from both VanEck and Standard Chartered see more upside. Geoffrey Kendrick, Standard Chartered’s global head of digital assets research, sees a near-term dip in bitcoin price below $100,000 as “inevitable” due to factors like renewed U.S.–China trade tensions.  However, Kenrick views any bitcoin price pullback as likely short-lived and a buying opportunity.  Kendrick highlights gold-to-Bitcoin flows as a key indicator, noting that recent rotations — selling gold to buy Bitcoin — could signal stabilization and mark a bottom.  Despite the volatility, Kendrick remains bullish, maintaining his forecast of $200,000…

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 rebound 1-2%; BTC at $109,500 a16z releases ‘State of Crypto 2025’ highlighting newest trends BlackRock says it will stay focused on BTC & ETH amidst ETF explosion Polymarket says it’s raising at $15B, Kalshi at $10B in latest rounds MegaETH introduces public ICO English auction, opens at $5B fdv on Hype Meteora’s MET airdrop goes live this AM 🏛️ Crypto Goes to Washington – And…

In brief Ledger released its latest crypto hardware wallet (or “signer”), the Nano Gen5. The product comes with an icon set developed by former Apple designer Susan Kare. Ledger is now referring to its hardware wallets to “signers” in an attempt to simplify and better characterize the role its devices play. Crypto hardware wallet maker Ledger is leaning into personality and fun with its latest product rollout, introducing the new Ledger Nano Gen5, which features a series of badges developed by artist Susan Kare—the influential designer of early Apple Macintosh iconography.Kare’s badges can be used to personalize the firm’s newest…

Your keys, your coins.That’s one of the foundational promises of bitcoin and other cryptocurrencies, which remove the intermediaries standing between you and your money. But the phrase also carries a latent assumption Web3 companies would be wise to move on from: that any security problems are the holder’s problem, not theirs. That mindset may have worked when crypto was experimental. It doesn’t work when trillions of dollars and millions of people are involved.The design space for crypto has expanded enormously since Bitcoin was created over 15 years ago. There are apps and protocols, cryptocurrency exchanges, stablecoins, and dozens of token…

Bitcoin derivatives markets are signaling new bullishness with Bitcoin (BTC) options open interest (OI) at a record high of $63 billion, dominated by higher strike prices, according to CoinGlass.OI also hit an all-time high of $50 billion on crypto options exchange Deribit, “with puts at $100K gaining traction,” reported the Coinbase-owned derivatives platform on Thursday. Deribit is the world’s largest crypto options exchange, with about 80% of the total OI. Open interest refers to the number or value of all outstanding options contracts that have yet to expire or be settled.Record highs mean high engagement in crypto derivatives markets as traders…