Everything web3, crypto, defi, degen
In brief SEC Chair Paul Atkins announced a major shift in crypto strategy, stating the regulator will no longer pursue “regulation by enforcement” against crypto projects, and wants to “embrace innovation.” Atkins launched “Project Crypto,” an initiative to attract crypto businesses to the U.S. by offering tailored disclosures, exemptions, and safe harbors for various crypto…
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 dip 3-6% overnight; BTC holds at $115,000 Gemini files to go public with ticker GEMI, timing TBD BTCS becomes first…
In brief Blockchain security firms on Thursday flagged that nearly $50 million in crypto had suspiciously left the exchange BtcTurk. The crypto exchange then said it had stopped withdrawals and is investigating the transfers. Hackers previously stole $54 million from BtcTurk in 2024. Turkish crypto exchange BtcTurk on Thursday froze customer withdrawals after blockchain analysts…
In brief Bitcoin-based memecoin launchpad Odin.fun has lost 58.2 BTC, worth roughly $7 million, via an exploit. The platform has paused operations, but says it will be back next week The exploit was what is termed a “liquidity manipulation” attack, according to third-party security researchers Bitcoin-based meme coin launchpad Odin.fun has lost approximately 58.2 BTC,…
In brief Andreessen Horowitz and the DeFi Education Fund have requested the SEC create a safe harbor to shield dapp developers from being labeled broker-dealers. The recommendations would enable certain centralized entities retaining control over a crypto app to gain safe harbor if they have demonstrated “good faith to decentralize.” The proposal follows SEC chair…
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,…
In brief BNB Network Company spent $160 million from its $500 million treasury plan to buy 200,000 BNB, becoming the largest corporate holder of the token. The move is part of a shift toward BNB Chain’s ecosystem, which the company says has 250 million users but little U.S. institutional exposure. Executives and analysts are split…
Sam Altman’s OpenAI o3 model—which was deprecated late last week with the release of GPT-5—demolished Elon Musk’s Grok 4 in four straight games Thursday to win Google’s Kaggle Game Arena AI Chess Exhibition.You may think it was a super complex spectacle of high tech behemoths putting their reasoning to the ultimate test, but as an…
In brief OpenAI open-sourced two mega-models under Apache 2.0, shattering licensing limits The 120B-parameter model runs on a $17K GPU; 20B-parameter version works on high-end gaming cards Performance rivals GPT-4o-mini and o3—beats rivals in math, code, and medical benchmarks OpenAI released two open-weight language models Tuesday that deliver performance matching its commercial offerings while running…
In brief Academic research points to a number of factors influencing Bitcoin’s value. They encompass programmed scarcity, network effects, and cost of production. Studies have also found that sentiment and belief play an outsized role in determining the value of Bitcoin. Professor Andrew Urquhart is Professor of Finance and Financial Technology and Head of the…
