Everything web3, crypto, defi, degen
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 red again as Trump confirms trade war; Bitcoin at $111,200 Paxos accidentally mints $300T PYUSD onchain before burning Erebor Bank…
In brief Crypto exchange Kraken has purchased U.S. contract market Small Exchange for $100 million from British finance group IG. The deal gives Kraken a license to offer derivatives trading in the U.S. for the first time. Kraken opened up futures trading for U.S. customers in July, amid positive regulatory changes in the U.S. Kraken,…
In brief Zhimin Qian defrauded over 128,000 individuals in a fake investment scheme, stealing $6.8 billion and converting it into Bitcoin. The UK government seized it from 2018 to 2021, after Qian entered the U.K., and is now debating what to do with the funds. Prosecutors are considering creating a victim compensation scheme, but one…
In brief Reform UK has reportedly received a donation in cryptocurrency, the UK’s first ever to a political party. Donations must be referred to the electoral regulator if they exceed £11,180 ($14,905). Commentators warn that crypto-based donations may increase the risk of anonymous and illicit campaign contributions. The UK’s Electoral Commission is planning to update…
In brief Nigel Farage called Monday for the British financial watchdog to better regulate crypto. Farage in May said that he would establish a Bitcoin reserve—like Trump did in the U.S.—if elected prime minister. The Brexit mastermind has long spoken about the benefits of using digital assets. Reform UK leader Nigel Farage said Monday that…
In brief Attack success depended on sample count, not dataset percentage. Larger models were no harder to poison than smaller ones. Clean retraining reduced, but did not always remove, backdoors. It turns out poisoning an AI doesn’t take an army of hackers—just a few hundred well-placed documents.A new study found that poisoning an AI model’s…
Crypto majors see more green; Bitcoin at $118,800. ZCash continues to lead, soaring 50% to $140. US government shutdown pauses ETF approvals. Lighter leaves private beta, opens Perps platform to public. Polymarket eyes US return as soon as today. PNKSTR jumps 50% to $140M as other NFT Strategies boom. Crypto majors are green again continuing…
In brief British investment firm Hargreaves Lansdown has warned people to stay away from Bitcoin and cryptocurrencies. The Bristol-based company said cryptocurrency investments are too risky. Still, it added that it would allow qualified investors to buy UK crypto ETNs. Bitcoin is too risky and should not be included in an investor’s portfolio, British financial…
In brief The Bank of England may exempt crypto-exchanges and other big firms from its proposed £10 million ($13.3 million) limit on stablecoin holdings. The central bank would retain the cap for individuals, who would be limited to holding a maximum of between £10,000 and £20,000 ($13,300 and $26,600). Industry figures believe that the caps…
In brief An English business owner was sentenced to 22 months in prison for fraudulently securing a Covid-era loan and spending it on crypto, gambling, and personal expenses. The man used a first loan legitimately for his glass-fitting business, but illegally received a second loan and used the funds improperly. Ioannou must also now pay…
