Everything web3, crypto, defi, degen
In brief AUSTRAC has directed Binance Australia to nominate external auditors within 28 days after identifying “serious concerns” with anti-money laundering controls. The regulator flagged inadequate reviews, “high staff turnover,” and insufficient local management oversight at the platform. This action adds to a string of regulatory measures, including a $5.1 million fine for Kraken and…
In brief FTSE Russell’s September review has elevated the company from small-cap to mid-cap status. Eric Trump, a strategic adviser since March, is expected to attend the company’s next shareholder meeting in Tokyo. The inclusion will channel passive investment flows into a balance sheet centered on Bitcoin, though not without risks, analysts told Decrypt. Metaplanet,…
Solana’s first smartphone, 2023’s Saga, was a big swing for Solana Labs—and initially a miss with consumers, at least until a massive price cut and crypto airdrop incentives drove sudden, sellout demand months after release.Now, the 2.0 model has arrived. The new Seeker serves as an attempt by Solana to deliver a more palatable crypto…
In brief SuiPlay0X1 buyers are facing unexpected import duties on the $599 gaming handheld, some as high as nearly $350. Mysten Labs said that it will not cover the fees for buyers, in part because it sells the device at nearly cost. The firm is temporarily suspending shipments while it gains more information on the…
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 mixed, ETH and SOL lead; BTC back to $113k BNB hits fresh ATH at $880 overnight before retracing Kanye tweets…
In brief Eight trade groups have urged the Basel Committee to “temporarily pause” crypto standards set for January 2026. The associations warn current capital requirements of up to 1,250% for crypto assets far exceed those for traditional investments like corporate bonds. An industry expert told Decrypt the 2022 rules reflect outdated risk perceptions from the…
In brief Providers must use cold wallets with air gapped hardware, apply whitelisting and among other requirements, the regulator said Friday. A separate public consultation would license custodians of client assets and transfer tools, including private keys. The new standards sit under its broader roadmap for regulating digital assets and aims to strengthen trust and…
In brief The federal agency has used its last full 60-day extension period, setting a final decision date of October 16 for the pending Solana ETF proposals. Market observers remain cautious of Solana’s price action, weighing how the SEC’s decision could shape the outlook for other altcoin-linked ETFs. BlackRock has stated it does not plan…
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 GPT-5 is fast, accurate, and cost-effective at code generation, beating most rivals in logic and technical tasks. However, with its relatively small context window, it’s weak in creative and right-brain output. It’s still a work in progress and will likely get better as OpenAI iterates with updates. OpenAI finally dropped GPT-5 last week,…
