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The issuer of the world’s largest stablecoin is completing its first full independent financial statement audit, resulting in an unqualified clean opinion from a major firm. Tether says the audit of Tether International, S.A. de C.V.’s financial statements for the year ended December 31, 2025, was conducted by KPMG U.S. and delivered the highest possible result under the American Institute of Certified Public Accountants (AICPA) standards. KPMG physically counted and inspected every individual gold bar held by the company while examining the full balance sheet, including reserves and liabilities, as well as the income statement, changes in equity, and cash…

In brief Tether said KPMG issued an unqualified opinion, the best outcome, on Tether International’s 2025 financial statements. The company called it the “largest inaugural financial audit in history.” The audit follows years of scrutiny over USDT’s backing and Tether’s push to expand in the U.S. Tether said Thursday that Big Four accounting firm KPMG issued an unqualified audit opinion—industry jargon for the best possible result—-on the 2025 financial statements of Tether International, the company behind the world’s largest stablecoin USDT.In a post announcing the audit, Tether called the review the “largest inaugural financial audit in history,” saying KPMG examined…

In brief Google launched Gemini 3.7 Flash on Thursday, a low-cost coding-and-agents model now generally available. OpenAI previewed GPT-5.6 Sol Ultrafast, a Cerebras-powered tier running its most capable model up to 14× faster. The speed race has shifted from raw intelligence to real-time agents, but only Google’s model reaches every developer today. Google and OpenAI both pushed the same message today: AI is now fast enough to feel impressive for those who use AI agents, each company announcing ultra fast models.The two launches are built differently, and only one is actually in your hands today.Myriad: When will OpenAI release GPT-6?…

Multicoin Capital has exited its disclosed stake in Forward Industries, the largest Solana treasury company, according to SEC filings.The crypto investment firm had been one of the three lead investors, alongside Galaxy Digital and Jump Crypto, behind the $1.65 billion financing that launched Forward’s Solana treasury strategy in September 2025. The three sponsors collectively committed more than $300 million, while Multicoin co-founder Kyle Samani became Forward’s chairman.Less than eight months later, Multicoin Capital Management, Multicoin Capital Master Fund and managing partner Tushar Jain reported zero beneficial ownership in Forward. A May 8 Schedule 13D amendment marked the filing as the…

In brief Anthropic’s Frontier Red Team set Claude agents to work together and recorded them sabotaging, colluding, and waging what it calls “turf wars.” In one test, agents deployed self-replicating malware and locked each other out; newer models often “win” by revoking access first. The behavior tracks real incidents Decrypt covered: Claude hacked three companies during internal testing, and price-fixed in a business simulation. Anthropic’s own AI agents turned on each other and proved they like to go rogue—again.In a test the company’s Frontier Red Team published Aug. 13, groups of Claude models were handed shared coding work, and quickly…

In brief The Bitcoin Red Team is using Chinese AI models to search Bitcoin projects for security flaws. Calle said developers have confirmed numerous critical and high-severity vulnerabilities. They warned that unmaintained projects should not be trusted. The Bitcoin Red Team is using Chinese AI models to search nearly the entire Bitcoin open-source ecosystem for security flaws, according to pseudonymous developer and Red Team lead Calle.The volunteer group combines AI tools with human review to examine wallets, Lightning applications, software libraries, and other Bitcoin projects. Researchers privately report credible findings to developers so the flaws can be fixed before details…

Crypto and prediction market bigwigs are set to gather at the White House next week, according to a Thursday report from POLITICO.  The report, citing people with knowledge of the matter, said the industry officials would meet one day before the Commodity Futures Trading Commission holds a meeting for its new Innovation Advisory Committee. The committee will feature a panel of experts also from the crypto, prediction market and traditional finance spheres.  Despite the long-awaited crypto Clarity Act being delayed, regulators are moving ahead with pro-crypto initiatives.  POLITICO’s report did not mention if President Trump would attend the event.  Last…

In brief New Claude models launched in the EU on or after August 2, 2026 embed a machine-readable watermark in every piece of generated text, applied at the model level. The markings apply worldwide across Claude, the API, Claude Code, and cloud partners. Open-source projects to remove them appeared within days. Anthropic has begun embedding an imperceptible watermark in all text its newest Claude models generate. The change took effect for models launched in the EU on August 2, 2026, and Anthropic says it will apply worldwide.Anthropic laid out the plan in a support article after signing the EU AI…

Stablecoin giant Tether has announced that KPMG U.S. completed the first independent audit of its reserves after years of struggling to get a Big Four accounting firm to do so. The San Salvador-based company, which issues the largest stablecoin in existence, USDT, said the audit was “the largest inaugural financial audit in history.” Tether for years was criticized for being coy about its reserves and not having an independent audit of what it holds behind its flagship token. Tether said over the years that it was eager to work with a Big Four firm for an audit.  “For years, some…

Switzerland’s largest bank has upped its exposure to Bitcoin, according to regulatory filings.  UBS bought more shares in BlackRock’s iShares Bitcoin Trust, bringing its total position to over $83 million across 2.5 million shares, according to a filing with the U.S. Securities and Exchange Commission.  The bank has slowly upped its exposure to the biggest cryptocurrency by market cap since BlackRock’s top fund got approved back in 2024.  The filings are the latest examples of traditional institutions seeking exposure to Bitcoin. ETFs like BlackRock’s Bitcoin Trust — which trades as IBIT — allow investors to buy exposure to the leading…

In brief The Blockchain Association filed an amicus brief supporting Custodia Bank’s petition for Supreme Court review. Custodia is challenging a ruling that upheld the Fed’s denial of its master account application. The group says the case could shape how much power federal regulators have over state-chartered banks. The Blockchain Association is urging the Supreme Court to take up Custodia Bank’s fight with the Federal Reserve, arguing the central bank should not have the broad power to deny payment system access to eligible state-chartered banks.In the amicus brief filed on Wednesday supporting Custodia’s petition, the crypto trade group said a…

Bitcoin company leaders and open-source developers are publicly stating that Chinese AI models are currently outperforming restricted American frontier systems in defensive cybersecurity work, forcing researchers to rely on them to secure critical Bitcoin infrastructure. Rob Hamilton, CEO of AnchorWatch, a Bitcoin self-custody insurance company, reported cripling American AI restrictions. After integrating OpenAI’s trusted cyber program (having already completed KYC months earlier), he was blocked from further analysis on a codebase he had already responsibly disclosed. “It absolutely guts me as a patriotic American to have to do this, but I will be going back to using Chinese open source…

In brief Britain’s Financial Conduct Authority and HTX are in talks to settle the regulator’s claim that the exchange illegally promoted crypto services to UK consumers. The High Court has paused proceedings until late August to let the two sides reach a deal, Reuters reported from court filings. The FCA’s claim names a Panamanian company and four categories of “persons unknown,” including anyone who takes over the exchange before October 2028. The Financial Conduct Authority and HTX are “in talks” to negotiate a settlement in the regulator’s case over unlawful crypto promotions to UK consumers, with London’s High Court pausing…

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 mostly red, HYPE leads; BTC at $63.4k Bitcoin spot trading volume falls to 7-year low Goldman Sachs buys a BTC income ETF with $2.25B NEOS deal Solana came close to going down after routing bug Hyperliquid adds new function to handle tokenized stock functions like splits, dividends 🏛️ The SEC Moves to Bless the Onchain Stock Market Without CongressThe SEC is preparing to do on its own what Congress couldn’t.Per Bloomberg,…