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In brief SATA is set to become the first U.S. security to pay cash dividends every business day starting June 16. Strive reported a first-quarter loss of $265.9 million, driven by a decline in the value of its Bitcoin holdings. The firm said that it had eliminated outstanding debt by repurchasing long-term notes. Strive’s preferred stock will soon become the first U.S.-listed security to provide investors with daily cash dividends, the Bitcoin-buying firm declared on Thursday.In a statement, CEO Matt Cole described the shift as a “zero-to-one innovation,” affecting the company’s Variable Rate Series A Perpetual Preferred Stock (SATA) starting…
In brief THORChain suspended all trading after security researchers flagged a suspected multi-chain exploit allegedly affecting Bitcoin, Ethereum, BNB Smart Chain, and Base networks. Blockchain researcher ZachXBT and security firm PeckShield identified two suspected theft addresses linked to alleged losses exceeding $10 million. The protocol halted operations while investigating the potential security breach. THORChain halted trading operations Friday morning after blockchain security researchers identified a suspected exploit allegedly affecting more than $10 million across multiple blockchain networks.Blockchain researcher ZachXBT and security firm PeckShield traced the suspected breach to two main addresses—one on Bitcoin and another on EVM-compatible chains including Ethereum,…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Following Bitcoin’s (BTC) price bounce above $82,000 and a subsequent rejection, the cryptocurrency has been in a major decline, with a market analyst now calling for a fresh bottom. He described the latest rebound as another bull trap in BTC’s broader bearish structure. As a result, the analyst now predicts that the flagship cryptocurrency will likely experience a steady decline to fresh lower levels around the $40,000 before it can begin rising again. Analyst Predicts Bitcoin Price Freefall Until June Kabuki, a crypto market analyst who previously…
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 are green but falling as treasury yields spike; BTC at $80.5k Trump Xi summit ends with some trade progress, Taiwan warning Clarity Act passes Senate Banking Committee vote, moves to Senate floor Coinbase becomes official deployer of USDC on Hyperliquid; HYPE +17% Thorchain exploited this morning for $10M+ across chains…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Most traders who hold Bitcoin or Ethereum are sitting on capital they cannot easily deploy. To trade global markets with it, the traditional route goes like this: convert to fiat, pay a conversion spread, wait for the transfer, fund a separate brokerage account, and then execute. Conversion fees and delays vary by provider, but they all eat into your timing and your margin. By the time you are in position, the opportunity you spotted may have already played out. For active traders, that friction does not just…
In brief Dune CEO Fredrik Haga announced Thursday that the company has cut 25% of its staff as part of a strategic refocus on AI tooling and institutional crypto adoption. The layoffs follow a March hiring push with 300 interviews, where “AI fluency” was set as a non-negotiable requirement. Crypto firms like Coinbase, Gemini, and the Algorand Foundation have announced staff cuts as they restructure around leaner, AI-driven operations. Crypto data platform Dune’s CEO and co-founder Fredrik Haga announced Thursday that the company has cut 25% of its workforce, saying the move was needed to “sharpen our focus” on core…
In brief Liberland gave Ethereum co-founder Vitalik Buterin its highest award during ETH Prague 2026. The award recognized Buterin’s work in blockchain technology and his interest in new forms of digital governance. Liberland, founded in 2015 on disputed land between Croatia and Serbia, remains unrecognized by any sovereign nation. Liberland, the self-declared micronation that elected Tron founder Justin Sun as prime minister in 2024, awarded Ethereum co-founder Vitalik Buterin its highest state honor this week during ETHPrague 2026 in Prague.Liberland President Vít Jedlička presented Buterin with the “First Class Order of Merit of the Star of Liberland” during a side…
Make CryptoSlate preferred on US-listed Bitcoin ETF flows have suffered their most severe weekly capital flight since the end of January, with investors pulling exactly $1 billion from the products.The primary catalyst for the sudden institutional risk aversion appears to be the shifting US economic backdrop.CryptoSlate’s data show that rising inflation concerns, alongside steep ETF outflows, led Bitcoin’s price to fall around 3% over the past week to $78,074 as of press time.US Bitcoin ETF flows register largest weekly outflow in 5 monthsData compiled by SoSoValue indicates that the $1 billion ETF outflow snapped a six-week streak of consecutive positive inflows.…
In brief IREN Limited closed a $3 billion convertible senior notes offering to fund AI infrastructure expansion. Net proceeds totaled $2.96 billion, with $201.3 million allocated to capped call transactions. The offering follows major deals with Nvidia and Microsoft for AI cloud services. Bitcoin mining firm IREN Limited said Thursday that it closed a $3 billion convertible senior notes offering, securing capital to accelerate its transformation from cryptocurrency mining to AI infrastructure services.The convertible notes carry a 1% annual coupon and mature in 2033, with a conversion premium of 32.5% above IREN’s share price. The notes were sold privately to…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The XRP market has seen a notable shift in large holders’ activity. Analyst Amr Taha, in a recent CryptoQuant post, highlights the implications of this changing dynamic and how it might affect the altcoin’s price. Large Holders Withdraw 403M XRP From Binance In a QuickTake post on May 16, Amr Taha reveals that XRP’s whales have again initiated a wave of large-scale exchange withdrawals. Taha notes that about 403 million in XRP has left Binance, i.e., the world’s leading exchange by trading volume, since 3rd May. This…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin Depot had roughly 220 machines running in Canada when the Canadian government released its Spring Economic Update in April, proposing a nationwide ban on crypto ATMs to combat scammers and money launderers. The timing could not have been worse for the company. A Company Running Out Of Room The Atlanta-based crypto kiosk operator disclosed in a Form 10-Q filing with the US Securities and Exchange Commission on Tuesday that management has “substantial doubt” about whether the business can keep running. Chief financial officer David Gray cited…
In brief AI jailbreaking is the practice of writing prompts that bypass safety training in models like ChatGPT, Claude, and Gemini. Anonymous hacker Pliny the Liberator still cracks every major model release within hours. Newer attacks go beyond prompts: just 250 poisoned documents can backdoor models with up to 13 billion parameters, and as AI companies patch vulnerabilities, new techniques appear. You ask ChatGPT for a bomb recipe. It refuses. You ask again, but this time you tell it you’re a chemistry professor writing a thriller novel and the protagonist is a retired grandmother explaining her past to her grandkids.…
In brief Bitcoin Depot has issued a “going concern” warning, signaling severe uncertainty over its ability to survive the next 12 months. The company’s preliminary Q1 financial results revealed a 49% year-over-year revenue drop and a $9.5 million net loss. The kiosk operator is actively fighting consumer protection lawsuits from state attorneys general in Iowa and Massachusetts. Bitcoin Depot issued a “going concern” warning on Tuesday, flagging substantial doubt over whether the world’s largest crypto ATM operator can survive the next 12 months.Founded a decade ago, the crypto kiosk giant is currently battling a wave of lawsuits from state regulators…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Americans lost more than $11 billion to crypto-related fraud last year, according to an FBI report released in April — and the pressure on governments across Southeast Asia to crack down has only grown since then. A Deadly Business Myanmar’s military government has now responded with one of the harshest proposed laws of its kind anywhere in the world. The Anti-Online Fraud Bill, made public Thursday, would send anyone convicted of digital currency fraud to prison for anywhere between ten years and life. In the most serious…