Everything web3, crypto, defi, degen
In brief House Republicans have informed current SEC Chair Paul Atkins that they’re investigating the loss of nearly a year of text messages from former Chair Gary Gensler’s smartphone. Last month, the Office of the Inspector General report found IT staff failures and poor policies led to the permanent deletion of messages from October 2022…
Layer-1 blockchain Sei is using Japan’s licensing regime and partnerships with global institutions as the cornerstone of its expansion into Asia, according to Lee Zhu, the network’s director of growth for APAC.Speaking with Decrypt ahead of a packed week at Token2049 in Singapore, Zhu said Sei secured the necessary approvals in Japan last year, enabling…
In brief Turkey is reportedly drafting legislation to grant its financial intelligence unit Masak expanded powers to freeze bank and crypto accounts linked to suspected criminal activity. The bill would allegedly allow the watchdog to shut down accounts, limit transactions, and blacklist crypto wallet addresses across banks, payment firms, and exchanges. Experts warned the measures…
In brief The integration aims to streamline swaps–crypto-to-crypto trades that bypass centralized platforms–and other DeFi processes within Porto’s dashboard. In an announcement,Anchorage noted the “delicate balance” for institutions interconnecting with DeFi to manage dapps. In July, Jupiter announced the introduction of a new lending product. Anchorage Digital said on Tuesday it will add Solana swap…
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 green but pulling back after Monday rally; BTC at $113k SWIFT partners with Consensys to bring payments onchain SEC &…
In brief Wisconsin’s Assembly Bill 471, introduced Monday, would exempt crypto users from licensing when accepting payments, using self-hosted wallets, running nodes, developing software, and staking. The bill would prohibit state agencies and local governments from restricting these fundamental blockchain activities. The move follows Wisconsin’s $300 million Bitcoin ETF liquidation in Q1 2025 and Democrats’…
In brief Starknet began letting users stake Bitcoin on Tuesday. The network pays out rewards in Starknet’s STRK. The Starknet Foundation is distributing 100 million in STRK incentives. Bitcoin became a core part of Starknet’s ecosystem on Tuesday, as the Ethereum layer-2 network began using the asset as a way to secure itself, according to…
In brief New York Department of Financial Services Superintendent Adrienne Harris is leaving her position in October. Under her tenure, NYDFS became the first American regulatory body to provide guidance on stablecoins. Kaitlin Aslow, who is at the NYDFS now, will take over as superintendent after serving at the Federal Reserve and the Financial Health…
In brief TU Wien researchers tested six frontier LLMs by leaving them without any tasks or instructions. Some models built structured projects, while others ran experiments on their own cognition. The findings add new weight to debates over whether AI systems can appear “seemingly conscious.” When left without tasks or instructions, large language models don’t…
In brief KuCoin was assessed a penalty of $19.5 million CAD ($14M USD) for failing to comply with Canadian anti-money laundering policies. The exchange has appealed the decision in Canadian Federal Court. KuCoin pleaded guilty to operating an unlicensed money-transmitting business in the U.S. in January, paying $300 million in fines and forfeitures. Peken Global…
