Everything web3, crypto, defi, degen
In brief Strategy compared its P/E ratio to S&P 500 firms last month. That “deceptively” implied that its revenue is recurring, Andy Constan said. Strategy faces class action lawsuits over allegedly false and misleading statements. Strategy, formerly MicroStrategy, misrepresented its business to investors when measuring itself against S&P 500 firms last month, according to Damped…
In brief Jack Dorsey’s Block has released a new Bitcoin mining rig, aiming to disrupt the market. The machine is supposed to cut costs for miners because it has swappable parts. Dorsey is an outspoken Bitcoin advocate who has pursued numerous BTC initiatives. Jack Dorsey’s fintech Block has released its latest Bitcoin product: a long-lasting…
In brief OpenAI’s update now lets paid users switch GPT-5 between speed-first, deep-think, or auto-select modes. Previously retired GPT-4o, GPT-4.1, o3 and others return to the roster, alongside the Pro-only GPT-4.5. The new setup turns ChatGPT into a model-and-mode buffet, letting users match AI brains to the job at hand. When GPT-5 launched last week,…
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 soar and then retrace ahead of PPI BTC hits new ATH of $124,128 overnight ETH reaches $4,780 on 2nd-biggest day…
In brief Crypto exchange OKX announced changes to the tokenomics of its OKB token, sending it up more than 100% to a new all-time high. The OKB supply will undergo a burn of more than 65 million OKB tokens, bringing its fixed supply to 21 million in the process. The OKB token acts as the…
The momentum has shifted in the yearslong battle between top crypto companies and protocols and the U.S. Securities and Exchange Commission under the new Trump administration. The regulator, which now has a crypto-friendly chairman in Paul Atkins and a crypto task force led by longtime industry advocate Hester Peirce, is moving away from what Pierce and…
In brief XRP is a cryptocurrency developed to facilitate efficient cross-border transactions, particularly for financial institutions and payment providers. The XRP Ledger employs a unique consensus protocol called the Ripple Consensus Algorithm to validate transactions. A long-running legal dispute between Ripple Labs and the U.S. SEC over whether sales of XRP constituted a unregistered securities…
In brief Qubic said that it had momentarily achieved control of 51% of the hash rate of privacy blockchain Monero. The firm said the event was an “experiment” and a way to “help” the network. However, a few experts said there had been no independent verification of the attack. AI protocol Qubic said it had…
In brief Wisconsin Democrats have introduced two identical bills within weeks to tighten rules on crypto kiosks amid rising fraud losses. The proposals require money transmitter licenses, strict ID verification, fraud alerts, and caps on fees and daily transaction limits. Lawmakers cite a 99% surge in fraud complaints in 2024, with reported victim losses nearing…
In brief Bitcoin’s weekend rally stalled Monday as traders booked profits. Experts suggest a potential drawdown if Tuesday’s U.S. CPI print comes in hotter than expected. Bitcoin options data shows traders are hedging for downside risk with puts. Bitcoin’s surprise weekend rally hit a wall Monday with a move that undid more than half of…
