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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Public disclosures from researcher Dave Troy suggest that Ripple co-founder and vocal privacy advocate Chris Larsen has been identified as a participant or founding fellow within Peter Thiel’s private networking group, known as ‘Dialog’. This group reportedly gathers prominent figures from the tech industry, venture capital, and political spheres. The analysis, shared on X, points to Larsen’s inclusion on a leaked participant list for the ‘Dialog’ network. This development has drawn attention due to the intersection of Larsen’s public advocacy for privacy with the background of billionaire…

In brief Inception Labs’ Mercury 2 generates roughly 1,000 tokens per second and scored 90 on the AIME 2026 Google’s recent DiffusionGemma hits similar speeds but performs worse on benchmarks. DiffusionGemma is free and open-weight on Hugging Face. Mercury 2 is a paid, closed-weight API model. Inception Labs introduced Mercury 2 on Thursday, calling it the world’s fastest reasoning language model. Per the company’s announcement, it generates about 1,000 tokens per second—the chunks of text an AI model reads and writes—against roughly 89 tokens per second for Anthropic’s Claude Haiku 4.5 Reasoning and 71 for OpenAI’s GPT-5 Mini.That puts it…

In brief Researchers proposed an “amplification spiral” framework to explain how AI chatbots may reinforce delusional beliefs. The model centers on linguistic alignment, hyper-personalized responses, and chatbot sycophancy. The authors stress that no causal link between AI use and psychosis has been established. Researchers have proposed a new framework to explain reports of AI psychosis, arguing that certain chatbot behaviors may reinforce delusions in vulnerable users.Published in Nature, the study out of King’s College London and Germany’s Protestant University of Applied Sciences proposes an “amplification spiral” framework that links common chatbot behaviors to the reinforcement of user delusions.“AI-associated delusions represent…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Binance’s latest Proof of Reserves (PoR) report shows a significant reduction in Shiba Inu (SHIB) holdings on the exchange. This recent update, part of Binance’s commitment to verifiable on-chain assets, details a notable shift in the cryptocurrency balances held by the exchange. Binance’s recent Proof of Reserves report indicates a substantial outflow of Shiba Inu (SHIB) tokens. The exchange’s SHIB reserves decreased by 1.1 trillion tokens during the period from May 1 to June 1. This shift suggests users are moving SHIB off the exchange, potentially…

In brief Multi-chain perps exchange Satori Finance is closing its doors next month. The firm raised $10 million from Coinbase Ventures, Jump Capital, and others in 2022. Satori said the extended market downturn had a significant impact on its financial situation. Satori Finance, a decentralized perpetual futures exchange backed by Coinbase Ventures and Jump Capital, is sunsetting its platform due to financial stress amid a declining crypto market.The firm, which raised $10 million from investors in 2022, supported perps trading on Ethereum, BNB Chain, and prominent layer-2 networks like Base and Arbitrum, among other crypto networks.“Unfortunately, due to prolonged unfavorable…

Morgan Stanley filed amended registration statements for proposed Ethereum and Solana ETF trusts on June 18, setting a 0.14% annual delegated sponsor fee on both products.Bloomberg senior ETF analyst Eric Balchunas described the proposed fee as the lowest among ETH and SOL products worldwide.The ETH trust, expected to trade on NYSE Arca under the ticker MSSE, intends to track ether and staking rewards from a portion of its holdings. The SOL trust (MSOL) intends to stake up to 100% of its Solana.BlackRock’s iShares Ethereum Trust ETF (ETHA) carries a 0.25% sponsor fee, Grayscale’s mini Ether (ETH) product sits at 0.15%,…

In brief Estonian Prime Minister Kristen Michal approved an Eesti.ai advisory council proposal on June 17 to create an “AI personal identification code.” The ID would let an agent’s permissions be scoped to specific actions instead of granting full access to a person’s accounts and services. Michal gave no start date for the system and no detail on how liability would work when an agent with its own ID makes a costly mistake. Estonia wants to give artificial intelligence its own government ID. Prime Minister Kristen Michal said Wednesday he had approved an Eesti.ai advisory council proposal to issue AI…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR A TradingView analyst says XRP is trading at a critical support zone. The setup includes 0.618 Fibonacci retracement and point-of-control confluence. The analyst is watching whether XRP can build the base for a larger harmonic reversal. XRP is sitting at a technically important area that could shape its next larger move, according to a June 20 TradingView idea from The_Alchemist_Trader_. The analyst described XRPUSD as trading at a critical support zone backed by several layers of confluence, including the 0.618 Fibonacci retracement level and the…

In brief Trace Finance raised a $32 million Series A round led by CoinFund, with backing from Coinbase Ventures, Haun Ventures, and more. The funding comes as Brazil reclassifies cross-border crypto flows as foreign-exchange operations, pushing institutional volume toward bank-grade providers like Trace. The company plans to use the funds to expand beyond its U.S.-Brazil corridor into other Latin American markets, the U.S., and Asia-Pacific. Trace Finance, a financial infrastructure company that links banks in Brazil and the United States to stablecoin settlement networks, said Wednesday that it has raised $32 million in a Series A funding round led by…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Kraken has integrated on-chain Solana decentralized exchange (DEX) trading directly into its main consumer application. This move allows eligible customers in the US and over 100 countries to trade more than 2,500 Solana-based tokens without leaving the Kraken app. The integration aims to bridge the convenience of centralized exchanges with the deep liquidity of decentralized finance. Bridging CeFi and DeFi on Solana Kraken users can now trade over 2,500 Solana tokens directly within the main app. This feature removes the need for separate wallets, seed phrases,…

In brief SpaceX’s stock surge following last week’s IPO could benefit FTX creditors, as the defunct crypto exchange took a stake before its collapse. Some anticipate that SpaceX’s climb beyond $2.5 trillion in market cap could ultimately benefit Bankman-Fried’s victims via larger-than-expected payouts. The judge who oversaw Bankman-Fried’s criminal trial once compared the former crypto mogul’s investments to “a thief who takes his loot to Las Vegas.” Some customers harmed by the collapse of crypto exchange FTX under co-founder and former CEO Sam Bankman-Fried are keeping a close eye on SpaceX’s post-IPO performance.As Elon Musk’s rocket-maker has soared far beyond…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR TheSignalyst says Ethereum remains bearish while trading below a falling trendline. ETH is rejecting a confluence zone formed by trendline resistance and structure resistance. $1,350–$1,500 remains the major support area to watch. Ethereum Still Struggling Below Resistance Ethereum’s latest rebound has not yet convinced all analysts that the downtrend is over. A June 20 TradingView idea from TheSignalyst argued that ETH remains bearish after continuing to trade below a falling red trendline and printing a sequence of lower highs and lower lows. TradingView chart…

In brief A Michigan federal judge ruled sports prediction markets are not CFTC-regulated swaps, siding with state regulators over Polymarket. The court denied Polymarket’s bid to block Michigan from restricting its sports event contracts. The case is headed to the Sixth Circuit Court of Appeals and could ultimately reach the U.S. Supreme Court. A federal judge in Michigan issued a forceful judgment Wednesday against Polymarket, ruling that sports-related prediction market wagers do not constitute swaps under the CFTC’s jurisdiction.A U.S. District Court judge in the Western District of Michigan denied Polymarket’s request for a preliminary injunction against Michigan regulators, who…

In brief CME Group, the world’s largest futures exchange operator, plans to sue the CFTC over its approval of crypto perpetual futures, outgoing CEO Terry Duffy told CNBC. Duffy argued that perpetual futures are legally swaps under the Dodd-Frank Act, not futures, and said the suit would be filed Thursday. The CFTC cleared Kalshi and Coinbase to offer the products to U.S. traders in late May, the first time perps have been available through domestic regulated exchanges. CME Group plans to sue the Commodity Futures Trading Commission over its decision to greenlight crypto perpetual futures, the exchange operator’s outgoing chief…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR Woetoe says the ETH/BTC ratio is near 0.027, back around early-2023 levels. The analyst contrasted that with the 2021 peak near 0.088. A separate ETHUSDT TradingView setup shows bearish correction risk after a strong weekly open. The ETH/BTC ratio at 0.027. Back to early 2023 levels.In 2021 at the peak it was 0.088. Three times what it is today.$ETH is historically cheap against bitcoin on a relative basis.Contrarian bet or structural decline? pic.twitter.com/sF9DgKyKwq TradingView chart referenced in this analysis — Woetoe (@cryptowoetoe)…

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. And check out our new daily news show covering all of the top stories in 5 minutes, downloadable on Apple Pod or Spotify.GM!Today’s top news: Crypto majors fall another 1% after a hawkish FOMC; BTC at $64k Saylor’s STRC falls to $89 and new low; MSTR -5% Illinois becomes first state to pass crypto tax, applying 0.2% to broker txns and holdings CME is suing the CFTC over their approval of perps in the US Moody’s launched…