USDC Freeze Powers at Circle Under Increased Scrutiny After Controversial Wallet Blockades
The ability of Circle to freeze USDC wallets when deemed necessary is facing renewed criticism for perceived sluggishness in halting stolen funds and excessive scope during a civil matter involving…
Robust US Job Data Delays Federal Reserve’s Easing Plans Amidst Bitcoin Uncertainty
Despite a robust US employment report, the situation for Bitcoin remains precarious in the short term. The March jobs figures exceeded expectations significantly; however, weaker data on labor-force and household…
Arc Network Promises Quantum Resistance Amidst Cryptocurrency Threats
Circle’s forthcoming blockchain, Arc, has unveiled plans for post-quantum signature support as part of its upcoming mainnet launch. This initiative is a response to escalating concerns regarding the potential impact…
Kalshi Achieves Major Legal Triumph as Appeals Court Rules Against New Jersey
In a pivotal decision, a federal appeals court in Philadelphia declared that New Jersey lacks authority under its gambling laws to regulate Kalshi’s prediction market. The ruling clarified that the…
IMF Issues Caution on Tokenized Finance: Stablecoins May Worsen Financial Crises
The International Monetary Fund has highlighted concerns that stablecoins mirror money market funds more than true currency and could be susceptible to confidence-driven runs as tokenization grows. Tobias Adrian, financial…
BitMine’s Stake in Ethereum Nears 4%, Amid Weekly Price Surge
BitMine Immersion Technologies has continued to aggressively acquire Ethereum (ETH), adding 71,252 ETH, valued at approximately $152 million, over the past week. This purchase brings their total holdings to over…
Strategy Reinitiates Bitcoin Investments with $330M Acquisition
On Monday, Strategy disclosed its purchase of 4,871 BTC for $330 million last week, utilizing proceeds primarily from its flagship preferred share to bolster its Bitcoin holdings. The Virginia-based firm…
Morning Update: Alleged North Korean Hack on Drift Protocol for $285M
Tyler Warner’s Morning Minute newsletter offers daily insights and opinions, which may not align with those of Decrypt. Also available is our concise daily news show, accessible via Apple Podcasts…
China Demands Removal of Jack Dorsey’s Bitchat from Apple Store
At the behest of Beijing’s internet regulator, Apple has taken down Bitchat, a decentralized messaging app developed by Block CEO Jack Dorsey, from its China App Store. This action was…
North Korean Hackers Conduct Six-Month Operation Before Draining $285M from Drift Protocol
On Sunday, Drift Protocol—a decentralized exchange based on Solana—revealed that an attack which siphoned approximately $285 million was a meticulously planned six-month operation by a North Korean state-affiliated threat group.…