Decrypt
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A daily news site covering all things crypto and the decentralized web.
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Trade Where You Read: Decrypt Brings Jupiter-Powered Trading to The Information Exchange

Decrypt is building a destination where readers can discover, understand and trade the news, directly where they consume information.
Major Banks Find Rogue AI Agents Inside Customer Accounts—And They’re 'Horrified'

Major banks including Morgan Stanley, JPMorgan, Bank of America, and Citi are moving to restrict third-party AI agents that log in with customers’ credentials.
What Is a Neocloud? The GPU Clouds Powering the AI Boom

Neoclouds like CoreWeave and Nebius rent Nvidia GPUs to AI labs, and several started out mining crypto. Here's how the AI cloud model works.
Bitcoin ETFs Erase October Losses With $1 Billion in Three Days

Spot Bitcoin ETFs have drawn about $1.07 billion over three sessions, pushing October flows to a gain of roughly $460 million, even as Bitcoin and Ethereum prices slipped.
Oil Climbs Above $111 as AI Stocks Slide, Dragging the S&P 500 and Global Markets With Them

Brent crude hit a five-month high while Nvidia, Meta and chip stocks fell, pulling Asia's benchmark indexes down by up to 3.5% a week after South Korea's Kospi plunged 7.57%.
Tesla's Profit Drops 43% as Musk Starts Building Robots and Plans to Sell Driverless Cabs

Tesla earned $787 million last quarter, down from $1.37 billion, as spending on robots and self-driving cars soared. Optimus is in production, and Tesla aims to get Cybercabs to customers by year-end.
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Coinbase Fined Again in Ireland, This Time $3.6M Over Fund Safeguarding

The Central Bank of Ireland penalized Coinbase Ireland €3,252,618 for leaning too heavily on its U.S. parent and leaving its safeguarding account underfunded—its second hit to the exchange’s European arm in the last year.
Meta Creates Non-Voting Stock to Fund AI Buildout, Keeping Zuckerberg in Control

Meta will hand shareholders a free non-voting share for every share they own in January, giving it a way to raise equity for AI spending without diluting Zuckerberg's 60.6% vote.
a16z Drops Crypto From Its Name, Widens Bets to AI and Frontier Tech

Andreessen Horowitz is renaming its crypto fund a16z Frontier and widening its scope to AI, autonomous machines and biology, saying the line between crypto and everyday tech has blurred.
ChatGPT Teaches Messi Chess—On a Board It Set Up Wrong, With an Opening That Loses in Four Moves

Lionel Messi’s ChatGPT ad has the AI teaching him chess on a board with kings and queens swapped, then suggesting an opening that loses in four moves on that board.
Is the Internet Safe Again After the PHP Nightmare? What You Need to Know

PHP shipped its fix, attackers launched millions of attempts, and governments say no one has broken in yet. Here's what that means for your passwords, your crypto, and your browsing.
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Bitcoin in 'Wait and See Mode'—And That Might Be a Good Thing

The crypto market has been quiet as of late. Market analysts think that might actually be a good sign and that a bull market might be near.
Heatbit's $899 Water Heater Element Mines Bitcoin While It Heats Your Tank

The Bitwater element swaps a tank's resistance wire for 20 mining chips, and Heatbit says it uses the same electricity to heat the water.
Ethereum Delays Glamsterdam Testnet Fork Over Gas Security Flaws

The Hoodi testnet fork is off after ChainSecurity found gas changes that could let contracts lock in failures, citing 13 real-world cases.
Interpol Recovers $105M in African Cybercrime Sweep That Shut Illegal Crypto Mines

Operation Serengeti III led to 1,462 arrests across 21 countries, while Angolan police seized more than 2,000 crypto mining devices.
Morning Minute: a16z Drops 'Crypto' From Its Fund

The name change is symbolic of the fund’s future investing focus, though the firm will continue investing in crypto.
Bitcoin ETFs Bleed $636 Million as October Turns Red Again

Spot Bitcoin ETFs lost $635.6 million on Thursday, their biggest outflow of the month, pushing October flows back to a loss of about $176 million as Ethereum and Solana funds also bled.
Crypto Scammers Who Used Prayer Groups to Lure Victims Must Pay $1.3 Billion, Says New York

New York’s attorney general asked a court to order NovaTech’s founders, who fled the country, to pay about $1.37 billion, and settled with four top promoters for nearly $6 million.
Bitcoin Core Rewrites Its Security Policy for a World Where AI Finds Bugs in One Prompt

Developers will now backport fixes and cut releases immediately for flaws flagged as “easily discoverable,” abandoning long embargoes for bugs an attacker can surface with a single AI prompt.
How I Vibe Coded My Smart TV—And Claude Killed It

Vibe coding your TV is impressive. Doing it without knowing exactly what you're touching is how you lose a rooted LG set and get a very sincere apology from an AI.
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SEC Flags AI 'Super Intelligence' and Tokenization as Systemic Market Risks

The regulator's Division of Examinations named "super intelligence and other advanced technologies" as a focus area alongside tokenization risks.