Author: admin

In brief Metaplanet CEO Simon Gerovich said the company did not sell Bitcoin. Gerovich said a 5,014 BTC transfer was a routine move between company custody addresses. The denial came as Metaplanet launched BitBonds, a fixed-rate debt program that could help fund future Bitcoin purchases. Metaplanet CEO Simon Gerovich denied claims that the company sold Bitcoin after a 5,014 BTC transfer, valued at roughly $320 million, between company wallets drew attention online.“We transferred 5,014 BTC between Metaplanet custodial addresses over the past 24 hours,” Gerovich wrote on X. “This was a routine custody operation. No bitcoin was sold, and our…

In brief Coinbase, Block, BitGo and 40-plus firms put their names to an open letter demanding frontier labs open trusted-access programs to qualified defenders. The Bitcoin Policy Institute organized it; signatories include Blockstream, ARK Invest among others. The gap is practical: the people patching wallets and node software can’t reach the best models, while the people attacking them already can. More than 40 bitcoin and crypto firms asked the biggest AI labs this week to let independent security researchers use their strongest models before public release.The letter, published August 10, rests on a simple asymmetry. The Bitcoin network secures more…

In brief Meta filed a patent for cameras that use facial recognition to tag people by name and auto-generate clips around their detected actions. The system is assistant-driven: it serves pre-sorted “who did what, when” highlights to a phone or headset on request. It’s a continuation of a 2022 parent application and sits at “Ready for Examination”—not granted, and far from a shipping feature. Meta Platforms Technologies, the entity that holds Meta’s R&D and hardware intellectual property, published a patent for a camera system that identifies people by face and logs what they do.The filing describes cameras feeding footage into…

The personal and medical records of millions of Americans are at risk after a cyberattack hit an Ohio-based healthcare software and revenue cycle firm. U.S. Department of Health and Human Services Office for Civil Rights says Unlimited Technology Systems suffered a major Hacking/IT incident that impacted 3,803,750 individuals. According to the firm, an unauthorized entity gained access to its network and stole files that may have contained people’s names, Social Security numbers, driver’s license numbers, addresses, phone numbers, health insurance data and medical records. “On October 19, 2025, we discovered unauthorized activity within our commercial datacenter. Upon discovering the unauthorized…

In brief Apple trained a large language model for China with support from Alibaba, Reuters reported. The deal could make Apple the first foreign company allowed to operate its own proprietary AI model in China. Apple Intelligence is expected to reach Chinese iPhones through an iOS update in the coming months. Apple trained its own AI model for China with Alibaba’s help as it races to bring Apple Intelligence to Chinese customers, Reuters reported.Citing three people familiar with the matter, Reuters said the Cyberspace Administration of China registered Apple’s generative AI service last month, clearing a key regulatory hurdle that…

In brief The OCC granted preliminary conditional approval for World Liberty Trust Company, a Florida-based national trust bank tied to the Trump family’s World Liberty Financial. As a trust bank it won’t take deposits, carry FDIC insurance or seek a Fed master account for now. Commenters raised conflict-of-interest concerns over ties to Trump, his family and Emirati investors—which the OCC dismissed as outside its scope. The Office of the Comptroller of the Currency on Thursday granted preliminary conditional approval for a national trust bank tied to World Liberty Financial, the crypto venture backed by President Donald Trump and his family,…

Equifax is agreeing to pay $100 million to settle claims that a coding error distorted some consumers’ credit scores during loan and credit applications. The proposed settlement was filed in federal court in Atlanta and covers about 4 million consumers nationwide, reports 95.5 WSB. The erroneous scores may have affected individuals applying for auto loans, mortgages, and credit cards, according to the lawsuit. Equifax denies violating the law and states the problem did not change information in consumer credit reports. Company analysis showed most scores stayed the same while many shifted higher. Lawyers for the class members called the deal…

In brief The SEC has canceled Friday’s meeting, at which commissioners were to vote on proposing a tailored offering regime for crypto assets. A spokesperson cited “an unforeseen scheduling issue,” with no replacement date announced. It would have been the agency’s first crypto-specific rulemaking, and followed the Senate leaving for recess without advancing the Clarity Act. The Securities and Exchange Commission has called off an open meeting scheduled for Friday morning at which its three commissioners were to vote on proposing the agency’s first crypto-specific rules, Reuters reported on Thursday.The formal notice, issued under the Sunshine Act and signed by…

Persistent US fiscal shortfalls are sustaining bullishness toward Bitcoin (BTC) even as crypto market enthusiasm stays muted. Galaxy Digital founder and CEO Mike Novogratz cites data from market strategist Charlie Bilello showing that the federal government took in $334 billion but spent $766 billion in July, resulting in a $432 billion deficit that month. “This is getting scary. As a country, we need to turn this around. Sec Bessent was correct in targeting 3-3-3. Unfortunately we aren’t even close to that. War doesn’t help. A Congress that never says ‘no’ doesn’t help. At one point, the bond market will force…

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.GM!Today’s top news: Crypto majors continue slide, BTC at $62.8k SEC delays meeting to discuss crypto regulation Trezor data breach exposes customer addresses Kalshi raising $750M at $40B valuation Lighter debuts $20M+ points program with Robinhood Wallet 🏦 Tether Finally Got a Real Audit, and KPMG Signed OffTether said Thursday that Big Four accounting firm KPMG issued an unqualified opinion (the best possible result) on its 2025 financial statements.Tether (the company behind the leading stablecoin USDT) called it…

The Federal Trade Commission (FTC) is sending more than $23.8 million in payments to over 640,000 consumers impacted by Grubhub’s practices. The agency says the funds come from a $25 million settlement reached in late 2024 with the company and the Illinois Attorney General. Grubhub allegedly deceived drivers about earnings, blocked diner accounts and funds, and listed restaurants without consent. Said FTC Chair Lina M. Khan at the time, “Our investigation found that Grubhub tricked its customers, deceived its drivers, and unfairly damaged the reputation and revenues of restaurants that did not partner with Grubhub—all in order to drive scale…

In brief Hyperscale Data sold most of its Bitcoin holdings to support the expansion of its Michigan data center. The company sold about 685 Bitcoin for roughly $43 million. Hyperscale retained about 275 Bitcoin and plans to continue mining the cryptocurrency. Hyperscale Data has sold most of its Bitcoin holdings to help finance the expansion of its Michigan data center.In an announcement on Friday, the Las Vegas-based company, which trades on the NYSE American under the ticker GPUS, said it sold approximately 685 Bitcoin for about $43 million.Myriad: Bitcoin’s next move? Click to make your prediction.Hyperscale said it plans to…

In brief Bank Leumi, Israel’s largest bank, will let customers trade Bitcoin, Ethereum, and Solana inside Leumi Trade through Galaxy’s trading and custody rails. It’s Bank Leumi’s second attempt at crypto trading, after a failed run back in 2022. The target is early 2027, still subject to Bank of Israel approval—the same gate that killed Leumi’s 2022 Paxos plan. Bank Leumi and Galaxy Digital said Thursday they’ll bring cryptocurrency trading to Israel’s largest bank through its digital investment arm, Pepper.“Customers of Leumi and PEPPER, the bank’s mobile digital banking arm, will be able to buy, hold and sell selected digital…

Ethereum researcher Justin Drake said on Aug. 13 that the Ethereum Foundation is abandoning Poseidon for future layer-1 (L1) designs and pivoting toward SHA or BLAKE hashes after eight years of work on specialized, proof-friendly cryptography.Drake reported no break in Poseidon and issued no migration order, noting that recent gains in proof systems changed the performance tradeoff that had favored the hash.SNARKs produce compact proofs that a computation was performed correctly. Many use arithmetic over large prime fields, where the bitwise operations behind conventional hashes such as SHA-256 and Keccak historically imposed a high proving cost. Poseidon was designed to…

In brief SharpLink will stake $200 million of Ether through Lido’s liquid-staking protocol. The move is about 106,000 ETH, roughly 12% of the ~889,000 ETH SharpLink held as of early August. wstETH sits across more than 100 protocols with about $10 billion in active-use collateral, so SharpLink keeps earning yield while staying liquid. Miami-based digital asset treasury company SharpLink said Thursday it will stake $200 million of Ethereum through Lido, the largest liquid-staking protocol on Ethereum.The tokens arrive as wrapped staked ETH (wstETH)—a receipt token representing staked ETH plus its rewards—and Anchorage Digital will hold them in custody.Myriad: Ethereum next…

In brief Zhipu AI (now Z.ai) released GLM-5.3 on Thursday through its GLM Coding Plan and ZCode. The lab calls it the “most capable open-weights model for coding,”. GLM-5.3 is a 743-billion-parameter model built by scaling post-training on the GLM-5.2 base. Chinese AI lab Z.ai released GLM-5.3 on Thursday, a sizable coding model it’s pitching as the strongest open-weights coder on the market. The model is live now through the GLM Coding Plan subscription and ZCode, with API access and downloadable weights following after a safety review.”Scaling post-training is all we did for GLM-5.3,” the company wrote in its launch…