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In brief Sen. Richard Blumenthal asked Tether to hand over records on its dealings with Bo Hines and his consulting firm, Nxum, by Nov. 3. The Wall Street Journal reported that Nxum earned $6.3 million from a Tether deal struck while Hines, who kept a one-third stake, helped craft the GENIUS Act. A Nxum representative said Hines wasn’t involved in the deal and received no Tether-derived funds while in government. Tether is facing fresh scrutiny in the Senate over millions of dollars that reportedly flowed to a firm co-owned by Bo Hines while he helped shape U.S. stablecoin law at…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR: NGRAVE says attackers hijacked a notification provider used by LIQUID, directing users to a fake recovery-page and stealing at least $2.56 million. A convincing security notification became the entry point for a costly crypto phishing campaign. Hardware wallet maker NGRAVE says a third-party provider used to send LIQUID app alerts was compromised, allowing attackers to push a fake warning to customers on October 17. The notification directed recipients to a website resembling NGRAVE’s own pages. People who entered their recovery phrase or Perfect Key handed the…

In brief Bitcoin Core updated its security policy to handle vulnerabilities that are “easily discoverable,” citing a spike in reports of bugs that LLMs have “drastically reduced the bar” to find. For such flaws, the project will now backport a fix to all maintained releases and ship a new version as fast as possible—with an advisory—rather than keeping it under a long embargo, since a quiet patch “would achieve little” when an AI scan can find it anyway. The shift reflects how AI has reshaped Bitcoin security, from the “Bitcoin Red Team” to AI-surfaced Lightning and wallet bugs. Bitcoin Core…

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 daily news show ‘FOMO HOUR’ covering all of the top stories and market action.GM!Today’s top news: Crypto majors chop as oil goes higher; BTC at $81.8k BTC ETFs see $635M in net outflows in big reversal a16z drops “crypto” from its fund name, though will continue investing Pump launched EVM limit orders in its app Decrypt announces onsite trading via Jupiter partnership BitcoinBTC · USD$81,596+0.29%24H7D1M1YYTDOct 16Oct 18Oct 20Oct 21Oct 23$84.8k$83.5k$82.2k$80.9k24h HighHigh$81,93924h LowLow$80,989VolVol$1.0BMarket projectionsOdds by…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR: Zcash’s NU7 upgrade is targeted for early November, promising 25-second blocks, while final activation parameters still require implementation work. Zcash developers are moving closer to a substantial change in the network’s basic rhythm. The NU7 schedule points to November 5 for mainnet activation, with the upgrade designed to shorten target block spacing from 75 seconds to 25 seconds. That change could make multiple confirmations arrive much sooner than under the existing parameters. NU7 also includes the Network Sustainability Mechanism and changes affecting older transaction formats, including…