Everything web3, crypto, defi, degen
In brief A former Singapore Armed Forces diver stole $1.7 million in USDT after photographing the victim’s seed phrase in their bedroom. He spent the money on luxury watches, gambling and mortgage payments. Seed phrases are the master keys to crypto wallets and a major target for hackers worldwide. A former Singapore Armed Forces (SAF)…
In brief Schwartz is concluding his 13-year tenure as CTO at Ripple and will join its board to guide the company’s long-term vision. He plans to spend more time on an XRPL node, exploring new XRP use cases, and engaging in hands-on coding for community projects. Stablecoins, tokenized assets, and decentralization remain central to his…
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 SWIFT is partnering with Consensys and 30 major financial institutions including Bank of America, Citi, and JP Morgan to develop a blockchain-based prototype for real-time cross-border payments. The prototype will use a secure ledger with smart contracts to record and validate transactions. It’s still unclear whether it will be built on Ethereum mainnet…
In brief Two brothers have been charged with kidnapping after allegedly holding a family hostage in a plot to steal $8 million in crypto. The brothers allegedly forced their way into the family’s home at gun point. The local school district canceled a homecoming football game as police searched for the brothers. U.S. federal prosecutors…
In brief Integrity Chain, built by BayaniChain, logs DPWH contracts and milestones as digital assets validated by independent civic groups. The launch follows protests on September 21, during which 130,000 people demanded accountability over $33 billion in alleged infrastructure corruption. The project aims to rebuild trust using cryptography and open validation systems. The Philippines has…
In brief Ripple’s RLUSD stablecoin was integrated in Securitize’s platform. Two tokenized money market funds can now be exchanged for the stablecoin. BlackRock’s BUIDL is worth $2 billion, per RWA.xyz. Ripple’s RLUSD stablecoin has been integrated into Securitize’s platform, allowing users to exchange shares in tokenized money market funds for the dollar-pegged asset.The feature was…
In brief The first American spot ETF giving exposure to XRP debuted on Thursday. Bloomberg analyst Eric Balchunas was surprised at the size of the Rex-Osprey XRP ETF’s initial trading volume. The price of XRP has risen over the last day, and Myriad users believe it’ll keep climbing to a new high of $4. The…
In brief Four years ago, El Salvador made Bitcoin legal tender in the country. The country has been in the spotlight since then as its Bitcoin-loving president becomes a larger player on the world stage. President Bukele claims he still buys Bitcoin for the country—but the IMF says otherwise. Bitcoin advocates around the world are…
In brief ModStealer spreads through fake recruiter ads using obfuscated code. It targets browser wallets and hides by disguising itself as a background helper. The malware poses a direct threat to crypto users and platforms, Decrypt was told. A new malware strain that can slip past antivirus checks and steal data from crypto wallets on…
