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In brief Polymarket is reportedly seeking to raise $400 million at a $15 billion valuation in a new funding round. The round follows a $600 million investment from NYSE parent company Intercontinental Exchange, which brought its total investment in the prediction market to $2 billion. Rival prediction market Kalshi saw its valuation double to $22 billion following a $1 billion raise last month. Prediction markets platform Polymarket is in talks to raise $400 million at a valuation of around $15 billion, according to The Information.Per The Information’s reporting, the prediction market firm is ​looking to ​add additional ⁠strategic investors beyond…

In brief Coinbase launched crypto-backed USDC lending for U.K. users on Monday. Bitcoin holders can borrow up to $5 million in USDC, with Ethereum-backed loans capped at $1 million. The service uses Morpho, an open-source lending protocol on Ethereum layer-2 network, Base. Crypto exchange Coinbase has expanded its lending service, now allowing U.K. customers to borrow USDC stablecoins using their Bitcoin or Ethereum holdings as collateral.The service operates through Morpho, an open-source lending protocol on Base—the Coinbase-backed Ethereum layer-2 network—that powers Coinbase’s crypto-backed loans. U.K. users can pledge cryptocurrency as collateral to access USDC liquidity without liquidating their digital assets.Borrowing…

Make CryptoSlate preferred on The S&P 500 closed at 7,126 on April 17, another record, while the University of Michigan’s preliminary April consumer sentiment reading fell to 47.6, the weakest print in the survey’s history.The split on the screen looks surreal.Charlie Bilello shared the chart below, highlighting the gap.Wall Street is trading at altitude. Households are signaling something far darker.Bitcoin sits in the middle of that gap, pulled between its hard-asset mythology and its actual behavior in a market regime still dominated by equity risk, ETF flows, and macro positioning.That tension gives the current setup its shape. It also gives…

In brief BitMine Immersion Technologies added 101,627 ETH or around $235 million worth last week. It’s the firm’s largest purchase since December and brings its total holdings to nearly 5 million Ethereum, or $11.5 billion worth. Shares of BMNR are down more than 3% on Monday, but have ticked up nearly 6% in the last month. Publicly traded Ethereum treasury firm BitMine Immersion Technologies made its largest weekly purchase since December, adding 101,627 ETH valued around $235 million, putting the firm on the brink of topping the 5 million ETH milestone.The haul pushes the firm’s total holdings to 4,976,485 ETH…

Make CryptoSlate preferred on KelpDAO’s $292 million rsETH exploit landed at the wrong moment for DeFi. Roughly $10 billion left the sector over the weekend, after confidence had already been shaken by Drift Protocol’s April 1 breach and Venus’s March post-mortem.That combination makes DeFi’s problem harder to ignore. While open DeFi may still be alive for now, it is losing the case for being the default gateway to on-chain finance. Stablecoins, tokenized Treasuries, and regulated settlement rails continue to scale, while permissionless protocols continue to absorb the trust discount.A hack scoreboard circulating on X captures the mood.Hack scoreboard 2026 (source: Our Crypto Talk)Some…

In brief Strategy made its largest Bitcoin purchase in over 16 months, scooping up $2.54 billion last week. One former Strategy bear speculated that traders using leverage piled into Strategy’s flagship preferred share to capture its upcoming dividend. On Friday, Strategy’s Michael Saylor proposed semi-monthly dividends for the preferred share to “stabilize price, dampen cyclicality, drive liquidity, and grow demand.” Strategy reported its largest Bitcoin purchase in over 16 months on Monday, scooping up $2.54 billion worth of BTC last week as traders snapped up its flagship preferred share to receive an upcoming dividend.The Tysons Corner, Virginia-based firm said that…

In brief Coinbase is testing AI agents that integrate into Slack and email, functioning as virtual teammates providing high-level feedback to employees Two initial systems integrate with Slack and email, modeled on the firm’s co-founder Fred Ehrsam and ex-CTO Balaji Srinivasan. CEO Brian Armstrong predicted that Coinbase will employ more AI agents than human staff “at some point soon.” Coinbase is testing AI agents modeled after co-founder Fred Ehrsam and former CTO Balaji Srinivasan that integrate into workplace communications to provide employee feedback, CEO Brian Armstrong announced Saturday.The Fred agent functions as a strategic executive assistant, helping staff “refine documents,…

3,478.5543Morning 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 or less, downloadable on Apple Pod or Spotify.GM!Today’s top news: Crypto majors fall then rebound as Iran tensions escalate; BTC at $75.4k ETFs see $1.4B in inflows on the week, 2nd biggest week of year DeFi TVL falls by $13B as KelpDAO exploit fallout worsens; AAVE -25% Vercel CEO says “highly sophisticated” actors used AI for its exploit Asteroid meme…

Strategy added 34,164 bitcoin to its treasury last week, spending about $2.54 billion in one of the largest single purchases in its history, according to a Monday regulatory filing. The acquisition was made at an average price of $74,395 per bitcoin and brings the company’s total holdings to 815,061 BTC. Strategy has now spent roughly $61.56 billion accumulating bitcoin at an average cost basis of $75,527 per coin. This is Strategy’s third largest bitcoin purchase. With bitcoin trading near $75,000, the firm’s position sits close to its aggregate purchase price, leaving the holdings near break-even after recent market volatility. Strategy…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Momentum is quietly building within the meme coin space as Shiba Inu surpasses a significant burn milestone and Dogecoin draws fresh attention through emerging payment ambitions tied to X. Yet, despite these developments, prices continue to trend downward, leaving both assets well below expectations and exposing a clear gap between growing ecosystem progress and actual price performance. Shiba Inu’s Burn Progress Clashes With Weak Price Structure Shiba Inu’s network has now surpassed 20,000 burn transactions, marking a sustained push to reduce its enormous circulating supply of over…

Make CryptoSlate preferred on Institutional investors are looking past the crypto market’s two largest behemoths, aggressively rotating capital into alternative cryptocurrencies as geopolitical tensions in the Middle East agitate traditional markets.Data from SoSoValue shows that US-based investment vehicles tracking the spot price of XRP absorbed $55.39 million in fresh capital over the past week, positioning the asset as the undisputed leader among alternative cryptocurrency funds. Related ReadingBitcoin faces critical weekend test as Iran closes Strait after immediately disputing the US narrative on Hormuz dealBitcoin’s post-Hormuz rally faces a weekend test as Iran disputes Trump’s deal claims and shipping, oil, and…

In brief Attackers drained roughly $292M from KelpDAO’s cross-chain bridge on Saturday. LayerZero, which powered the breached bridge, tied the hack to North Korea’s Lazarus Group. The bridge itself wasn’t broken, but attackers corrupted the channel verifying it, Decrypt was told. The exploit that drained roughly $292 million from KelpDAO’s cross-chain bridge over the weekend was “likely” the work of North Korea’s Lazarus Group, specifically its TraderTraitor subunit, LayerZero said in a preliminary analysis on Monday.Attackers drained 116,500 rsETH, a liquid restaking token backed by staked ether, from the KelpDAO bridge on Saturday, setting off withdrawals across the decentralized finance…

Make CryptoSlate preferred on Publicly listed Bitcoin miners liquidated more than 32,000 Bitcoin during the first quarter of 2026, marking a record sell-off as the industry’s largest operators redirect billions in capital toward artificial intelligence.This historic shift is unfolding precisely as the economics of Bitcoin validation reach a critical pressure point.With mining profitability hovering near cyclical lows, weighted production costs surging, and network hashrate showing persistent signs of strain, the infrastructure giants that defined the last crypto boom are fundamentally reengineering their business models. Related ReadingLatest Bitcoin data proves BTC miners need price to retake $80k to stop lure of…

In brief Cloud platform Vercel has disclosed details of a security incident that compromised some customer credentials. The firm’s CEO Guillermo Raugh revealed that the attacking group was “highly sophisticated” and likely used AI tools. Many crypto frontends use Vercel to host their UI, with the company advising immediate credential rotation. Vercel’s CEO said a “highly sophisticated,” potentially AI-assisted hacking group was behind a recent security incident that exposed some customer credentials following a breach of internal systems.“We believe the attacking group to be highly sophisticated and, I strongly suspect, significantly accelerated by AI,” CEO Guillermo Rauch tweeted, adding that…

Make CryptoSlate preferred on Michael Saylor has signaled that Strategy, formerly MicroStrategy, may be preparing to buy more Bitcoin, reviving a pattern investors now treat as an early marker for another weekly treasury announcement.On April 19, the company’s executive chairman posted a screenshot of Strategy’s Bitcoin portfolio tracker on X with the phrase “Think Even ₿igger.”Strategy’s Bitcoin Portfolio (Source: Michael Saylor)Historically, Saylor has used such cryptic public statements in the days immediately before official regulatory filings detailing new Bitcoin purchases.The timing is particularly notable given that Strategy funded its most recent acquisition using its Variable Rate Series A Perpetual Stretch…