Author: admin

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A drone projectile allegedly carried the name of one of the three men now accused in a federal ISIS support case, a detail that gave investigators a rare look at how the alleged plot was being imagined. Federal authorities say the men also moved more than $2,000 in crypto and cash while discussing attacks on US servicemembers overseas. Messages, Calls, And Money According to the Department of Justice, the arrests came on Friday after FBI teams moved in on suspects in Kansas and California. The men identified…

In brief U.S. Treasury Secretary Scott Bessent testified before the Senate Finance Committee on June 3 about the 2027 budget and crypto policy. Bessent said Treasury is proceeding with “deliberate speed” on establishing a strategic Bitcoin reserve mandated by Trump’s March 2025 executive order. He urged lawmakers to pass the CLARITY Act this summer, calling it “necessary” for U.S. competitiveness in digital assets. U.S. Treasury Secretary Scott Bessent told a Wednesday hearing of the Senate Finance Committee that his department is proceeding with “deliberate speed” on President Donald Trump’s order to establish a strategic Bitcoin reserve.During questioning about implementation challenges,…

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 crash 7-10%; BTC at $62,600 Arthur Hayes says he sold his entire HYPE & NEAR positions, cites looming market top Recent alt winners HYPE, ZEC, NEAR and VVV all give back 10-20% Tom Lee’s BMNR files for new $300M pref stock raise following Saylor playbook MoonPay launches MoonAgents, connecting crypto…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Seasoned analyst Darkfost reports that altcoins remain in a precarious market position, especially following recent global financial losses. For context, over $1 trillion was wiped out of US financial markets on Friday due to weak sentiment around AI and semiconductor stocks. The widespread decline encompassed losses of 2.6% in the S&P 500, 4.7% in the Nasdaq, and 4% in Bitcoin. Two Years On, Altcoins Continue To Underperform The Market For altcoins, the rust runs deeper, as this set of cryptocurrencies has consistently struggled to appreciate since December…

In brief A 17-year-old British student was sanctioned by Russia’s Foreign Ministry along with four other British nationals. The student is believed to be the youngest person ever sanctioned by Putin’s regime. The sanctions follow the teen’s March publication exposing alleged Moscow-backed cryptocurrency money laundering operations. Russia sanctioned a British teenager Wednesday for exposing alleged cryptocurrency money laundering operations, marking what appears to be the youngest person ever targeted by Moscow’s sanctions regime.Alexander Browder, 17, founder of the Global Cryptocurrency Laundering Database, was named alongside four other British nationals by Russia’s Foreign Ministry. The others sanctioned alongside Browder are Washington…

Hyperliquid’s rapid growth has drawn a warning from Britain’s financial regulator, adding a consumer-protection concern to a platform increasingly watched by Wall Street and traditional market operators.The Financial Conduct Authority (FCA) placed Hyperliquid and the Hyper Foundation on its warning list, saying the firm may be providing or promoting financial services in the UK without authorization.In a May 21 notice, the financial regulator stated: “You should avoid dealing with this firm and beware of scams.”The regulator listed the Hyper Foundation website, the Hyperliquid trading app, and the project’s social media channels under its unauthorized firm details.It also warned that users would…

In brief Zcash dropped double digits overnight after the disclosure of a four-year-old vulnerability in its Orchard shielded pool. The bug, discovered by an AI-assisted audit, could have been exploited to create unlimited counterfeit ZEC with no on-chain trace. Critics argue privacy coins enable a “unique class” of bugs where exploitation would go unnoticed. Zcash plunged double digits overnight after developers disclosed a critical vulnerability in the protocol’s Orchard shielded pool that could have allowed undetectable counterfeiting for over four years.The privacy coin dropped from Wednesday’s local top of $635 to an intraday low of $309 on Thursday, according to…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The cryptocurrency market was shaken by a dramatic collapse in Zcash price, with the privacy-focused digital asset losing more than half of its value in just 24 hours. This sudden decline erased billions of dollars from its market capitalization, making it one of the most significant single-day drawdowns seen in the sector this year. What Triggered Zcash’s Dramatic Market Collapse? The dramatic collapse in Zcash may be tied to fear surrounding a recently disclosed vulnerability affecting the network’s privacy infrastructure. In a recent post on X, an…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The US Spot Bitcoin ETFs are experiencing a sustained bearish performance, especially as the premier cryptocurrency succumbs to another wave of correction. Recent data suggest that these ETFs recorded 13 consecutive trading days of net outflows between Mid-May and early June, with investors pulling out about $4.33 billion. Nevertheless, these assets still boast of net assets valued at $75.12 billion.  In a quicktake post on the CryptoQuant platform, analytics group XWIN Research Japan reported that after years of approving the US Spot Bitcoin ETFs, investors and market…

In brief Microsoft researchers found that Anthropic’s Claude Code GitHub Action could be manipulated through prompt injection attacks. The attack relied on malicious instructions hidden in GitHub issues, pull requests, or comments that the AI agent was asked to review. Anthropic patched the vulnerability in May after Microsoft disclosed the issue through HackerOne. Microsoft researchers disclosed a now-patched vulnerability in Anthropic’s Claude Code GitHub Action that could have allowed attackers to expose credentials stored in software development pipelines by manipulating the AI agent through malicious GitHub content.In a blog post on Friday, Microsoft warned that AI coding agents running inside…

In brief Bitcoin is now trading below its 2024 Election Day mark as it continues its slide this week. The top crypto asset briefly traded below $60,000 for the first time since 2024, and is now nearly 52% off its all-time high. Trump said recently that he’ll “never let crypto down,” but his markets influence appears to have waned. Demand for Bitcoin in the wake of the 2024 reelection of President Donald Trump was dubbed part of the “Trump Trade”—a way to describe the top crypto asset’s alignment with Trump and expectations of a more crypto-friendly administration and favorable policies.Those…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin has fallen to new lows in this bear cycle, dropping below the psychological $60,000 level. This comes amid the U.S.-Iran war, which has remained muted for a while. At the same time, U.S. Treasury Scott Bessent provided an update on the Strategic BTC Reserve.  Price Falls Amid Developments With Bitcoin Reserves BTC has fallen to its lowest level since it topped in October 2025, dropping to around $59,000 yesterday, taking out the February low of $60,000. This also marks the lowest point since the U.S.-Iran war…

Pedro wipes the sleep from his eyes, kisses his wife on the cheek, and rolls over to pick up his phone to check on his Luna Classic validators. In the real world, he’s waking up for his job as the head brewer at a beerhouse. But in the virtual one, he’s known as Vegas, one of the leading voices in the Terra Luna Classic community.Terra Luna Classic is the blockchain that was forked and abandoned when Terraform Labs founder Do Kwon attempted to save his crumbling empire in 2022. Kwon has since been convicted of fraud and sentenced to 15…