Decrypt
United States · English · Digital
A digital media outlet covering cryptocurrency, blockchain, and related financial technologies with a focus on industry news, regulatory developments, and market trends.
- Top beat: Technology
- Tracked since 2026
- 25 United States peers
Latest stories
- Anthropic Urges Congress to Crack Down on AI Distillation By Chinese RivalsAnthropic claims Alibaba-affiliated operators conducted large-scale AI model distillation on its Claude chatbot and is urging Congress to strengthen protections against such activities.
- Polymarket to Refund Users After Scammers Swipe Millions in Website ExploitPolymarket confirmed a $3 million theft from users due to a third-party vendor hack, promising full refunds and stating the issue is resolved. This marks the platform's second security incident in two months.
- SBI Holdings Says $289 Million Bitbank Deal Will Make It Japan's Largest Crypto ExchangeSBI Holdings agreed to acquire Tokyo crypto exchange Bitbank for $289 million, creating Japan's largest crypto exchange by assets. The deal requires regulatory approval and is expected to close in October. Combined, the companies will hold $6.8 billion in assets and serve 2.92 million accounts.
- Coinbase-Backed Ethereum Network Base Recovers After Block Production IssueCoinbase-backed Ethereum network Base recovered after a two-hour block production issue, with the network continuing its planned upgrade.
- Story Protocol Rebrands as Data Network in AI Training Pivot After IP Token Falls 98%Story Protocol rebrands as Data Network, shifting focus to AI training data and migrating its IP token to DATA.
- CoinEx Denies 'Knowledge' of Aiding Sanctioned Iran Crypto Market in $3.8 Billion DisconnectCoinEx denied allegations of knowingly facilitating $3.8 billion in sanctioned Iranian crypto flows, calling itself a neutral platform, while TRM Labs claims the exchange was central to Iran's crypto ecosystem and involved in a money laundering scheme.
- AI Took Your Job? California Wants to KnowCalifornia launched a public dashboard to track potential AI-related job losses, finding no widespread layoffs but some early displacement in AI-exposed workers.
- Traders Predict More Pain for Bitcoin and Ethereum After Monthly Drops Above 20%Traders predict further declines for Bitcoin and Ethereum as markets sell off, with Bitcoin expected to drop to $55,000 and Ethereum to $1,500. Bitcoin and Ethereum have both fallen significantly in recent months, while shares in Bitcoin's leading treasury firm, Strategy, have also declined sharply. Analysts suggest STRC's performance is influencing market sentiment, with concerns about Strategy's financial stability affecting crypto prices.
- Bitcoin Plummets Lower as Strategy's STRC Dives Further From $100 MarkBitcoin and Strategy's STRC stock both declined, with Bitcoin hitting a 21-month low and STRC falling below its $100 par value.
- $47M in Crypto Frozen in Global Infostealer Takedown: EuropolA global law enforcement operation froze over €41 million in criminal crypto and dismantled three malware families that steal passwords and crypto wallet data.
- Morning Minute: Strategy’s MSTR and STRC Crash to 52-Week LowsMSTR and STRC stocks crashed to 52-week lows as concerns over Saylor's Bitcoin strategy persist, with Bitcoin also experiencing a decline.
- Kalshi Seeks $40B Valuation Weeks After $1B Raise: FTKalshi is seeking a $40 billion valuation amid legal challenges over its prediction market contracts, with potential IPO plans in 2027 or 2028.
- Aave Token Could Climb 50x by End of 2030, Standard Chartered Says—Here's WhyStandard Chartered predicts Aave's token (AAVE) could increase 50x to $3,500 by 2030, citing DeFi growth and new partnerships, despite past liquidity issues and uncertainties.
- Kalshi Sues Illinois Over New State Tax on Sports-Related Prediction MarketsKalshi sued Illinois over a new 15% tax on sports prediction market wagers, arguing the state lacks authority to tax such activities, which it claims are not gambling-related. The Trump CFTC has also challenged the tax, leading to ongoing legal battles over jurisdictional control of prediction markets.
- The Next GameStop? Meme Stock Traders Make Biggie-Size Bet on Wendy'sMeme stock traders on Reddit caused Wendy's shares to surge over 25% in a single day, despite the stock being down 66% over the last five years. A related meme coin also saw a significant price increase.