Everything web3, crypto, defi, degen
In brief The amended complaint claims TaskUs’s India operations were at the center of a coordinated bribery scheme to steal customer information. Plaintiffs allege the company concealed the breach, firing investigators and failing to disclose details in securities filings before a $1.6 billion Blackstone buyout. Coinbase reimbursed affected users, tightened controls, and ended its relationship…
In brief DeepMind warns AI agent economies may emerge spontaneously and disrupt markets. Risks include systemic crashes, monopolization, and widening inequality. Researchers urge proactive design: fairness, auctions, and “mission economies.” Without urgent intervention, we’re on the verge of creating a dystopian future run by invisible, autonomous AI economies that will amplify inequality and systemic risk.…
In brief Bitwise has filed to debut an ETF giving investors exposure to AVAX, the 19th-biggest digital coin by market cap. The S-1 filing comes as Dogecoin and XRP ETFs are expected to hit the market this week. Asset managers are hoping to get the green light for a number of altcoin ETFs. Crypto asset…
In brief Google launched an open-source protocol to let AI agents handle financial transactions, backed by Coinbase, PayPal, American Express, and the Ethereum Foundation. The protocol expands Google’s Agent2Agent framework with payment support for cards, stablecoins, and real-time bank transfers, plus a crypto-specific x402 extension. The Ethereum Foundation says the effort aligns with its ERC-8004…
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 flat while stocks and gold hit new ATHs; BTC at $115,300 Coinbase teases a network token in exploration Polymarket’s latest…
In brief The Bank of England proposal would cap stablecoin holdings at £10,000-£20,000 for individuals and £10 million for businesses. A Coinbase executive said the caps would be “bad for UK savers, bad for the City and bad for sterling.” Banking officials in the U.S. have also raised concerns about the market impact of stablecoins.…
Coinbase said Monday that it is “exploring” a token launch for Base, its Ethereum layer-2 network, following years of saying that it wasn’t actively considering the prospect.During a presentation at Monday’s livestreamed Basecamp event, Coinbase Head of Base Jesse Pollak confirmed that potential token plans are in the works.”Base is beginning to explore a network…
In brief David Klasing, dual-certified tax attorney and CPA, says the IRS has moved from targeting “narrower groups” to broader crypto compliance investigations across multiple exchanges. The Treasury Inspector General reports a 75% potential non-compliance rate among crypto users identified through exchange data, feeding the audit pipeline. Nick Waytula, attorney and head of tax at…
In brief Gemini debuts on Nasdaq with $4.4B valuation, shares up 22.6% amid regulatory drama with CFTC nominee. Figure launches public trading at $5.3B valuation as crypto lending meets capital markets. Tokenization gains momentum with BlackRock eyeing ETF tokenization and Nasdaq proposing tokenized stock trading. Public Keys is a weekly roundup from Decrypt that tracks…
In brief Galaxy Digital has purchased more than $700 million worth of Solana since Wednesday, on-chain data shows. The buys are likely tied to Galaxy’s backing of Forward Industries, poised to be the largest Solana treasury firm. Solana hit its highest price since January on Friday, topping $241 and rising 19% in the last week.…
