Decrypt
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A daily news site covering all things crypto and the decentralized web.
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Elon Musk’s Grok Faces UK Backlash After AI Posts Mock Football Tragedies

Liverpool and Manchester United have complained after Grok mocked the Hillsborough and Munich tragedies on Monday.
Trump's DOJ Seeks October Retrial for Tornado Cash Developer Roman Storm

The DOJ is attempting to retry Tornado Cash developer Roman Storm even as the U.S. Treasury acknowledges mixers may have legitimate uses.
Wall Street Banks Weigh Lawsuit Over Crypto Banking Charters

The potential lawsuit adds to existing tension between traditional lenders and crypto firms over access to the U.S. financial system.
Winklevoss Twins Move $130M in Bitcoin to Gemini Hot Wallets: Arkham

Arkham claimed that the transfers were intended “presumably to sell,” though neither Cameron nor Tyler Winklevoss has commented on the move.
UK Government’s Fraud Strategy Paints Crypto as ‘Growing Risk’

Blockchain analysis firm Chainalysis argued that crypto’s transparency creates a “powerful flywheel” of fraud disruption.
Morning Minute: Saylor Buys $1.28B in Bitcoin, Powered by STRC

Michael Saylor’s Strategy just bought $1.28 billion worth of Bitcoin, while Nasdaq is teaming up with Kraken for tokenized stock trading.
Fake Police Officers Held French Couple at Knifepoint in $1M Bitcoin Robbery

The incident is the latest in a spate of “$5 wrench attack” crypto kidnappings that have swept France in recent months.
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Hyperliquid Jumps on Margin Upgrade, Oil Trading Frenzy

Hyperliquid's HYPE token spiked as oil perpetuals volume hits $1.4B, with non-crypto markets now dominating its permissionless trading.
Bitcoin Rises as Trump Amplifies Iran Threats, Fed Rate Cut Chances Fall Near Zero

Bitcoin ticked up above $71K on Tuesday as Trump sends mixed messages on Iran, while hopes for a crypto breakout cool amid Fed uncertainty.
Polymarket, Peter Thiel's Palantir Eye 'Surveillance Models' for Sports Prediction Markets

Polymarket will work with Palantir on developing systems for rooting out insider trading and manipulation in sports prediction markets.
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Elon Musk's X Money App Nears Public Launch, No Sign of Dogecoin

X Money, Elon Musk's financial "everything app," is getting closer to its public launch, but Dogecoin (DOGE) doesn't have an apparent role.
There's a Benchmark Test That Measures AI 'Bullshit'—Most Models Fail

BullshitBench tests whether AI models can detect nonsensical questions—or if they'll confidently answer them anyway. The results are dire.
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Meta Acquires Moltbook, the Viral Social Network for AI Agents: Report

Moltbook is a Reddit-style platform where AI agents interact with each other, spawning communities—and even a digital religion.
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Trump Meme Coin Down 96% From Peak as President's Approval Ratings Sink

President Trump's official Solana meme coin fell to its lowest price since soon after launch as perceptions of his job performance suffer.
Why Bitcoin Is on a Path to $1 Million Per Coin: Bitwise

Bitcoin can hit a price of $1 million per coin even with "reasonably conservative assumptions," Bitwise CIO Matt Hougan argued. Here's why.
Basketball.fun Eyes Base, Marketplace Launches as NBA Star Tristan Thompson Departs

Basketball.fun is processing refunds for those who aren’t willing to wait until the NBA-focused crypto project’s marketplace goes live.
Amazon Wins Court Order Blocking Perplexity AI Shopping Agent

The order sides with Amazon’s claim Perplexity accessed password-protected accounts without authorization despite users granting permission.
Quantum Computing Isn't Just Coming for Bitcoin—It Threatens Messaging Apps Too

Experts warn that encrypted chats could face a “harvest now, decrypt later” risk as quantum computing advances.
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China Plays the Long Game in AI While US Chases Superintelligence: Brookings

A Brookings report says China’s AI strategy prioritizes efficiency, open-source adoption, and embedding AI into real-world systems.
Ripple Seeks Australian Financial License to 'Scale' Payments Across the Region

If approved, the license would allow Ripple to run services and bring its infrastructure into the country’s financial system.
Democrats Introduce Bill to Ban Prediction Market Contracts on War and Death

The DEATH BETS Act would prohibit CFTC-registered exchanges from listing contracts tied to terrorism, assassination, war, or death.
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