Everything web3, crypto, defi, degen
In brief Google’s DeepMind updated its Frontier Safety Framework to track new “frontier risks.” The changes add shutdown resistance and persuasive ability to earlier categories like cyber misuse and biosecurity. The shift comes amid parallel moves by Anthropic and OpenAI, and growing regulatory focus in the U.S. and EU. In a recent red-team experiment, researchers…
In brief A new Pew survey showed Americans wanted AI’s help with chores, but feared it wrecked their minds and relationships. Most Americans said AI stripped away creativity and human connection, with only 10% feeling more excited than worried. The majority admitted they had no control over AI in their lives—just a digital tide they…
In brief Remilia Corporation is launching a Milady-centric social network called RemiliaChat. The rollout is beginning with RemiliaNET, a social identity layer launching Friday. While aimed at fans of 4chan, RemiliaChat will have some level of content moderation. The Milady gang thinks social media is broken, calling the community of fans the “diaspora of chan…
In brief Michigan’s House Bill 4087 advanced on Thursday, moving to the Government Operations Committee. The bill would allow up to 10% of state funds in cryptocurrency with strict security requirements. Michigan’s attempt is part of the inevitable state-level adoption pressuring neighboring states, Decrypt was told. Michigan’s stalled bid to create a state-run Bitcoin reserve…
In brief Kalshi reached $1 billion in monthly volume and now dominates 62% of the global prediction market industry, surpassing Polymarket’s 37% share. Four states including Massachusetts have filed lawsuits claiming Kalshi operates as an unlicensed sportsbook, with Massachusetts seeking to permanently bar the platform. Kalshi operates under federal CFTC regulation as a designated contract…
In brief Sen. Elizabeth Warren is demanding answers from the DOJ about its enforcement of Binance’s 2023 settlement and the company’s ties to the Trump administration. Warren criticized the DOJ for not addressing previous questions about Binance’s compliance, a possible pardon for founder Changpeng Zhao, and links to Trump-affiliated crypto platforms. Warren raised new concerns…
In brief Ethereum founder Vitalik Buterin has defended the network’s long exit times for unstaking ETH. Exit times for unstaking ETH now exceed 40 days and have drawn criticism from within the crypto industry. Buterin argued that friction in unstaking is necessary to maintain Ethereum’s security. Ethereum co-founder Vitalik Buterin has defended the network’s long…
In brief Researchers found $40 million in “risk-free” profits from mispriced markets on Polymarket in one year. Prices on some markets didn’t add up to 100%, letting traders lock in guaranteed gains. The same inefficiencies likely exist on other platforms like Myriad and Kalshi, though arbitrageurs help correct them. A new academic paper suggests there’s…
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 mostly flat into FOMC, Bitcoin leads +1% to $116,300 Binance in talks with US DOJ to end its compliance monitor…
In brief Coinbase has filed a letter with the DOJ urging federal preemption of state crypto laws, citing Oregon’s securities suit, New York’s ETH stance, and staking bans. Chief Legal Officer Paul Grewal called state actions “government run amok,” warning that patchwork enforcement “slows innovation and harms consumers.” A legal expert told Decrypt that states…
