Minimalist News

AI Summary

Hong Kong police recently dismantled a $15 million money laundering scheme involving cryptocurrency, resulting in the arrest of 12 individuals for using over 500 bank accounts and crypto exchanges to launder funds from fraudulent activities.
Moody's credit agency downgraded the U.S. government's credit rating from Aaa to Aa1, citing growing national debt and deficits, which has contributed to volatility in cryptocurrency markets, particularly impacting major tokens like Bitcoin and Ethereum.
The increasing institutional interest in Bitcoin has fueled predictions that its price could reach as high as $250,000 by the end of 2025, driven by lower volatility and higher demand from pension funds and ETFs.
The U.S. Senate's stablecoin bill, known as the "GENIUS Act," is making progress and is expected to be debated and potentially passed soon, amid ongoing discussions about regulatory frameworks needed for digital asset markets.
Significant developments in the crypto space also include Galaxy Digital's Nasdaq debut, with plans to tokenize its shares, and an enhancement of security measures in France to protect crypto entrepreneurs amid a rise in kidnapping incidents related to the industry.

Decrypt

Guess Who: xAI Blames a 'Rogue Employee' for 'White Genocide' Grok Posts decrypt.co 7 hours ago by Jose Antonio Lanz
Artificial Intelligence
Users aren't buying xAI's explanation after Musk's Grok started randomly injecting "white genocide" into conversations.
Decrypt’s Picks: A Guide to the Best AI Tools for Amateur Musicians decrypt.co 9 hours ago by Jose Antonio Lanz
Artificial Intelligence
AI tools are transforming how music is made, offering everything from lyrical inspiration to full-song production. Here are our picks.
DeFi Development Corp. Stock Hits New High Following Solana Buys, Bonk Collab decrypt.co 11 hours ago by Logan Hitchcock
bonk, Markets
Nasdaq-listed DeFi Development Corp. is adding to its Solana connections, teaming up with one of the network’s top meme coins.
Shitcoins, AI Agents and Hot Dogs: Crypto Game 'DX Terminal' Is a Wild Experiment decrypt.co 12 hours ago by Logan Hitchcock
Gaming
Ethereum NFT game DX Terminal gives players’ unruly AI agent traders one week to rack up as many fake meme coins as possible. What could go wr…
How Crypto Fight Night Became the Industry’s Premier Networking Event decrypt.co 13 hours ago by Ryan Gladwin
Long Reads
Crypto Fight Night isn’t made for fight fanatics—it’s an event for crypto bros to break bread after months of battling in the trenches.
Bitcoin’s Dominance Is Falling—But Don't Count on Altcoin Season Yet, Analysts Say decrypt.co 13 hours ago by André Beganski
Markets
It’s more likely that Bitcoin’s dominance will plateau as opposed to moving sharply lower, according to Grayscale’s Zach Pandl.
Senator Slams Trump’s World Liberty Financial Over 'Seriously Inadequate' Response to Inquiry decrypt.co a day ago by Sander Lutz
Law and Order
Earlier this month, Senator Blumenthal launched an inquiry into whether the Trump family’s crypto venture has violated federal laws.
Coinbase Stock Is Ripping Despite Hack Fears—Here's Why decrypt.co a day ago by Liz Napolitano
Markets
Benchmark Equity Research raised its COIN price target to $301 three days after Coinbase’s inclusion in the S&P 500.
Man Who Hacked SEC's X Account to Pump Bitcoin Gets 14 Months in Prison decrypt.co a day ago by Logan Hitchcock
Law and Order
An Alabama man will spend 14 months in prison for his role in hacking the SEC’s X account to spread false info about Bitcoin ETF approvals.
Kraken’s Bunq Bet and the Global Race for Crypto Users decrypt.co a day ago by André Beganski
Business
The exchange is leveraging its crypto-as-a-service offering as a way to expand its user base and support the technology’s adoption.
Public Keys: Can’t Hold Coinbase Back, Nasdaq Initiation for eToro and Galaxy Digital decrypt.co a day ago by Stacy Elliott
Business
Coinbase can't shake the SEC's probe into its user numbers. Meanwhile, eToro and Galaxy Digital make their Nasdaq debuts.
'Fortnite' Fixes AI-Powered Darth Vader After It Starts Saying Slurs decrypt.co a day ago by Jason Nelson
Artificial Intelligence
Sure, Darth Vader is a bad guy—but not like this. Fortnite's AI-powered Star Wars villain spouted unexpected language soon after launch.
Brazilian Fintech's Shares Rocket Following Bitcoin Buying Strategy decrypt.co a day ago by Mathew Di Salvo
Coins
A fintech in the South American nation copied the Strategy—formerly MicroStrategy—playbook.
Nasdaq-Listed Healthcare Company Aims to Acquire $1 Billion in Bitcoin decrypt.co a day ago by Mathew Di Salvo
Markets
Singapore-based Basel Medical Group said it is in “negotiations” to put $1 billion in Bitcoin on its balance sheet as it pursues an “Asia grow…
Solana Shooter Game 'Nyan Heroes' Shuts Down Amid Funding Issues decrypt.co a day ago by Logan Hitchcock
Gaming
Nyan Heroes, a Solana game featuring cats in robot suits, is coming to an end. The price of NYAN is now down nearly 99% from peak.
OpenAI's New Codex Agents Get Closer to Downsizing Your Dev Team decrypt.co a day ago by Jose Antonio Lanz
Artificial Intelligence
ChatGPT maker OpenAI is pushing software development into new territory with cloud-based AI agents that work while you're at lunch.
Coinbase user Data Hacked, FTX Repayments Coming, Bond Yields soar decrypt.co a day ago
Coinbase user Data Hacked, FTX Repayments Coming, Bond Yields soar FOMO HOUR EP359 Hackers demand $20m after Coinbase data hacked. SEC probes …
South Korean Woman Jailed for Stealing $500,000 in Crypto From Sleeping Boyfriend decrypt.co a day ago by Vismaya V
Law and Order
The woman, identified only as “A,” was convicted on May 15 of embezzlement and fraud for stealing $488,000, 683 million won, in crypto.
Ukraine Eyes Strategic Crypto Reserve: Report decrypt.co a day ago by Will McCurdy
Coins
The country’s first deputy chairman of its committee on finance told local media he plans to submit a new bill “in the near future."
'Internet Capital Markets' Explode as Companies Launch Products on Solana decrypt.co 2 days ago by Ryan Gladwin
Coins
Vine Coin, JellyJelly, and now Dupe. Companies are launching Solana tokens as a way to market and fundraise their projects.
Netflix Doubles Down on Generative AI With Adverts in the Middle of Streams decrypt.co 2 days ago by Luke Edwards
Artificial Intelligence
The streaming service has announced plans to use generative AI to link interactive ads with appropriate shows on its ad-supported tier.
Judge Rejects SEC and Ripple's Bid to Rework XRP Settlement decrypt.co 2 days ago by Vismaya V
Law and Order
U.S. District Judge Analisa Torres said Thursday that even if she had jurisdiction, she would still deny the motion as “procedurally improper.…
Users Taunt Grok After xAI Says Modifications Were Made to Spit out ‘White Genocide’ Claim decrypt.co 2 days ago by Vismaya V
Artificial Intelligence
Grok’s references to “white genocide” drew mockery and memes, fueling speculation over Elon Musk’s influence as xAI blamed a prompt update.
Australian Crypto Exchange Cointree Fined Over Delayed Suspicious Activity Reports decrypt.co 2 days ago by Vismaya V
Law and Order
Cointree was fined after voluntarily disclosing delays in filing suspicious activity reports, as AUSTRAC intensifies crypto oversight.
DOJ Charges $263M Crypto Crime Ring That Spent Millions at Nightclubs decrypt.co 2 days ago by Callan Quinn
Law and Order
Defendants allegedly stole hundreds of millions in crypto and then blew it on supercars, private jets, and designer bags.
Wisconsin Pension Fund Sold $300M BlackRock Bitcoin ETF Stake Amid Tariff Turmoil, New Filing Shows decrypt.co 2 days ago by Jason Nelson
Markets
The Wisconsin fund sold its Bitcoin ETF stake sometime in Q1, weeks before sweeping U.S. tariffs triggered a crypto market slide.
Coinbase SEC Probe and Security Breach Unlikely to Derail Growth, Experts Say decrypt.co 2 days ago by Callan Quinn
Law and Order
Experts say Coinbase’s inclusion in the S&P 500 is unlikely to be affected by an SEC probe and recent insider-led data breach.
JP Morgan Sees Bitcoin Outpacing Gold as Crypto Derivatives Market Expands decrypt.co 2 days ago by Mathew Di Salvo
Markets
Bitcoin could do better than gold this year as institutions continue to invest, analysts at JP Morgan wrote in a note published Thursday.
FTX Will Hand Out Over $5 Billion in Bankruptcy Repayments This Month decrypt.co 2 days ago by Liz Napolitano
Law and Order
The next wave of FTX creditor distributions will begin on May 30, with over $5 billion worth of recovered funds set to be sent out.
Money Printer Go Brr? Arthur Hayes Thinks It's Coming—And Bitcoin Will Go Nuts decrypt.co 2 days ago by Mathew Di Salvo
Markets
Bitcoin is the "perfect and only lifeboat," crypto entrepreneur Hayes has argued.
'MapleStory N' Game Launches on Avalanche With Surging NXPC Token decrypt.co 2 days ago by Ryan Gladwin
Gaming
MapleStory N is the first crypto entry in the long-running RPG franchise, and the Avalanche game's token and NFTs are seeing huge interest.
AI's Hidden Power: Former Google CEO Says We're All Missing the Point decrypt.co 2 days ago by Jose Antonio Lanz
Artificial Intelligence
Eric Schmidt argues AI's broad capabilities—not just chat functions—make it more revolutionary than most realize.
Myriad Moves: Big Bitcoin Buys, NBA Playoff Madness, and Switch 2 Price Switch-Ups decrypt.co 2 days ago by Logan Hitchcock
Markets
This week's top Myriad Markets include predictions on Strategy's next Bitcoin buy, the chaotic NBA playoffs, and Nintendo Switch 2 pricing.
Tornado Cash Developer Roman Storm Will Stand Trial, DOJ Says decrypt.co 2 days ago by André Beganski
Law and Order
The agency’s affirmation comes after an internal memo signaled a shift in its stance against crypto mixers.
Hong Kong Investment Firm Loads Up on BlackRock Bitcoin ETF, Shares Grow to $688M decrypt.co 2 days ago by Liz Napolitano
Business
The value of Avenir's IBIT holdings have grown 30% after it recently bought 3.4 million more shares of the spot Bitcoin ETF.
Mistakes Were Made From a Wallet Frank DeGods Controls: Founder Wallet Drained as He Exits decrypt.co 2 days ago by Logan Hitchcock
NFTs
Just days after DeGods founder Frank said he was departing as CEO, his Solana wallet was compromised and 16 NFTs were sold off.
Senate Stablecoin Bill Makes Progress With New Draft—Here's What's In It decrypt.co 2 days ago by Sander Lutz
Law and Order
A new draft of the GENIUS Act is being touted by Democrats as containing major concessions. The bill may receive a new floor vote in the comin…
Bitcoin Depot Shares Pop as ATM Operator Posts 19% Q1 Revenue Increase decrypt.co 2 days ago by André Beganski
Business
The firm controls over 8,400 Bitcoin kiosks in North America.
Crypto falls, 10Y back above 4.5%, Believe App pauses launches decrypt.co 2 days ago
Crypto falls, 10Y back above 4.5%, Believe App pauses launches FOMO HOUR EP358 BTC dominance rises, major L1s all fall. Buffet destroying capi…
Bitcoin and Ethereum Waver as Investors Take Profits on Recent Rally decrypt.co 2 days ago by Connor Sephton
Markets
"Ongoing global economic uncertainty and persistently high interest rates in the U.S. may act as headwinds" for crypto, an analyst told Decryp…
$78 Million Lost to ‘Laundering Loophole’ in Tether Freezing Method Since 2017 decrypt.co 2 days ago by Ryan Gladwin
Law and Order
An AMLBot report claims that Tether’s multi-signature set up for freezing funds creates a “critical window” for illicit actors to exploit.
ILM Makes ‘Star Wars: Field Guide’ Short Film Using Generative AI decrypt.co 2 days ago by Luke Edwards
Artificial Intelligence
Visual effects firms need to use AI tools “thoughtfully,” argued Industrial Light & Magic boss Rob Bredow.
UNDER EXPOSED EP 25 decrypt.co 4 days ago
UNDER EXPOSED brings you coverage of the biggest macro news of the week impacting crypto and broader markets, with a focus on the newest trend…
Crypto dips, Coinbase joins S&P 500, CPI today decrypt.co 4 days ago
Crypto falls, BTC acts like safe-haven asset. Coinbase set to join S&P 500, up 8% pre-market. Blackrock files for in-kind redemption on ETH tr…
ETH Soars US-China Nearer To Trade Deal WIF Hits $1 2B decrypt.co 4 days ago
BTC hits 3-month high, then pulls back. BTC reaction to US-China deal muted. ETH up 40% in 5 days, leads majors. Altcoin OI up $5bn, suggests …
ETH soars after Pectra Upgrade, China Tariffs may Drop, PEPE leads MEMES decrypt.co 8 days ago
BTC hits $104k, first time $100k since Feb 7. ETH pumps 25%+ after Pectra upgrade. ETH turned deflationary again with Pectra. $800m shorts liq…
BTC nears $100K, Trade deal Optimism, Stripe allows Stablecoin Accounts decrypt.co 9 days ago
BTC nears $100k on trade news optimism. BTC exchange reserves dropping dramatically. Stripe introduces stablecoin financial accounts. Robinhoo…
Crypto rallies, US-China trade talks to begin, FOMC decision today decrypt.co 10 days ago
Crypto rallies, US-China trade talks to begin, FOMC decision today FOMO HOUR EP352 BTC: 97k (+3%), ETH: 1840 (+2%), SOL: 147 (+2%). Top Gainer…
UNDER EXPOSED EP 24 - The Retail Rally, Trump’s Policy Impact & Crypto AI 2 decrypt.co 11 days ago
UNDER EXPOSED brings you coverage of the biggest macro news of the week impacting crypto and broader markets, with a focus on the newest trend…
Crypto legislation worries, gold starts rallying again, CFTC to trial tokenisation decrypt.co 11 days ago
Crypto legislation worries, Gold starts rallying again, CFTC to trial tokenisation - FOMO HOUR EP351 BTC: 93.7k (-1%), ETH: 1765 (-3%), SOL: 1…