Coins

Canada Hits Crypto Firm With $126 Million Fine

In brief Canada’s FINTRAC imposed a record C$176.9 million penalty on Cryptomus. Investigators found 2,593 AML breaches, including 7,557 unreported Iran-linked transfers. The firm operated without Canadian staff, with communications traced to Uzbekistan and Spain. Canada’s financial intelligence agency has imposed a record $126 million (Canadian $176.9 million) fine on cryptocurrency platform Cryptomus for several…

Business

Crypto Is Finally Growing Up, Says VC Giant Andreessen Horowitz

In brief Developer activity is rising again after a post-FTX slump, led by Ethereum, Solana, and zero-knowledge projects. Stablecoin transactions now top $9 trillion annually, showing steady real-world use. Andreessen Horowitz says U.S. regulation is “finally normalizing,” but warns volatility and fraud still threaten progress. The cryptocurrency industry is no longer a niche experiment, but…

Opinion

Morning Minute: DraftKings Bets Big on Prediction Markets

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 reverse and flip red; BTC -1% at $107,500 BTC ETF inflows reach $477M, not enough to counter selling DraftKings acquires…

Artificial Intelligence

OpenAI’s Sora 2 Can Fabricate Convincing Deepfakes on Command, Study Finds

In brief NewsGuard found Sora 2 created fake news videos 80% of the time during 20 misinformation tests. The clips included false election footage, corporate hoaxes, and immigration-related disinformation. The report arrived amid OpenAI’s controversy over AI deepfakes of Martin Luther King Jr. and other public figures. OpenAI’s Sora 2 produced realistic videos spreading false…

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‘Have a Go’ Australian Traders Top Global Charts for Meme Coin Holdings: Kraken

In brief Australian crypto traders are diversifying their portfolios beyond Bitcoin, anonymized Kraken wallet data reveals. Ethereum makes up 33% of Australian wallets, nearly double the global average of 19%, while Solana and meme coins appear more often in Australian portfolios. Kraken’s Jonathon Miller says Australia’s “speculative streak” reflects culture as much as strategy. Australians…