In brief Fartcoin plunged 28% from its weekly high, liquidating $51M in 24 hours. The meme coin’s crash came after it surged 45% in two days to its peak Wednesday. Hyperliquid recorded $84M in liquidations, topping centralized exchanges Binance and Bybit. While Bitcoin hovers above $71,000, attempting to find a stable foothold, a subset of…
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 fall…
In brief Joe Schiarizzi, an anti-Trump Ethereum developer, is running for Congress in Virginia as a Democrat. He argues crypto should focus on public-good use cases, and reject political profiteering. He also criticized pro-crypto lawmakers as opportunistic and lacking genuine interest in the technology. November’s hotly anticipated midterms are poised to bring a new wave…
In brief Nunchuk released two open-source tools designed to let AI agents interact with Bitcoin wallets under strict limits. The system uses shared wallets and approval policies so agents cannot spend funds beyond defined rules. The tools aim to support automated financial tasks while keeping humans in control of private keys. Bitcoin wallet company Nunchuk…
In brief Bithumb has filed provisional asset seizure applications through South Korean courts to recover 7 BTC worth $496,000 from holdout users. The legal action follows a February trading system error that mistakenly distributed 620,000 BTC worth over $43 billion to user accounts. South Korea’s Financial Services Commission has mandated five-minute balance reconciliation for all…
In brief Tether has launched QVAC SDK, an open-source software development kit for running AI applications locally on devices. The cross-platform toolkit supports text generation, speech processing, translation, and vision capabilities. CEO Paolo Ardoino positioned the move as preparation for a world with “billions of autonomous machines and trillions of AI agents.” Tether, the company…
In brief OpenAI has halted its planned Stargate AI infrastructure project in the United Kingdom. The initiative with Nvidia and Nscale planned to deploy up to 8,000 GPUs, with potential expansion to 31,000 in total. The company said it may move forward if energy costs and regulatory conditions become more favorable. OpenAI has paused its…
In brief BitMine Immersion Technologies was unlisted from the smaller NYSE American exchange to the primary NYSE. The firm’s board of directors also approved a major increase to its share buyback program, bumping its authorization from $1 billion to $4 billion. Shares in the firm are up around 1% while ETH remains roughly flat over…
In brief Treasury Secretary Scott Bessent criticized some crypto leaders as “nihilists” for resisting the stalled Clarity Act. The bill remains stuck over disputes about stablecoin yield and President Donald Trump’s personal crypto ventures. With midterms approaching, lawmakers warn that time is running out to pass the legislation. U.S. Treasury Secretary Scott Bessent lashed out…
In brief Some Bitcoiners welcomed a report that Iran and affiliated actors are accepting Bitcoin for safe passage through the Strait of Hormuz TRM’s Ari Redbord expressed skepticism, telling Decrypt that “we don’t have data at this point indicating that crypto is being used at scale.” Bloomberg has reported that shipping companies are using stablecoins…