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Make CryptoSlate preferred on The market may be pricing XRP through an outdated lens.Over the past several days, the most consequential development around XRP has come from outside crypto. On April 8, the Federal Reserve proposed allowing U.S. banks and credit unions to use intermediaries through the FedNow Service, a change the central bank said could support private-sector cross-border payment solutions.In the Fed’s own proposal details, the logic is explicit. Banks could use an intermediary, such as a correspondent bank, for the international portion of a transaction and use FedNow for the domestic U.S. leg.That is a narrow regulatory change…

In brief Meta is building a photorealistic AI clone of Zuckerberg, according to the FT. The goal is scalable, always-available “leadership” for employees. The move points to a sharp pivot from metaverse room meetings to AI-driven internal control. In August 2022, Mark Zuckerberg posted what was supposed to be a triumphant selfie. His Horizon Worlds avatar—a blocky, legless, dead-eyed cartoon that Kotaku memorably described as “a legless knock-off of a Nintendo Mii with the eyes of a corpse”—standing before a tiny Eiffel Tower. The internet buried him in memes. Even Meta’s own employees reportedly refused to use Horizon Worlds.That was…

In brief The UK’s AI Safety Institute found that Anthropic’s Claude Mythos Preview can autonomously execute complex cyber attacks. It became the first AI model to complete a 32-step corporate network attack simulation from start to finish without human assistance. Mythos Preview discovered and exploited vulnerabilities autonomously when given network access in controlled evaluations. The UK’s AI Security Institute evaluated Anthropic’s Claude Mythos Preview to assess its purportedly substantial cybersecurity capabilities, finding the AI model can autonomously execute sophisticated cyber attacks with unprecedented success rates.The existence of Claude Mythos was first revealed in late March via a website leak, with…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A recent update from the Shiba Inu community has shed light on a pivotal move made by Ryoshi, SHIB’s anonymous creator and former lead developer during the early days of the meme coin. According to the update, Ryoshi had locked and transferred a staggering amount of SHIB following its launch, significantly reducing its circulating supply and elevating the project’s level of decentralization and governance control.  The Move Made By Shiba Inu’s Founder Ryoshi In an X post on April 10, @Shibizens, followers, and supporters of the Shibarium…

In brief A Polymarket trader walked away with $252,000 in profit after the UFC incorrectly identified a fight’s winner for the second time in two weeks. An X account linked to the Polymarket trader said that they had noticed the error by looking at the bout’s official scorecard. The incident shows how athletes’ performances aren’t the only factor that can influence the perceived outcome of spotting events among bettors. Winning bets on combat sports often hinge on kicks and punches, but a Polymarket trader notched a massive payday by taking advantage of the UFC’s latest “scoring error.”For the second time…

Make CryptoSlate preferred on Private credit has crossed into a dangerous phase.After rumblings last month, the pressure point is no longer confined to underwriting quality, isolated borrower stress, or a few awkward redemption notices buried in fund updates.The market is now dealing with something more consequential: a live collision between illiquid assets, semi-liquid fund structures, and investors who want cash back at the same time. That shift is now visible across some of the industry’s largest platforms.Barings Private Credit Corp. capped withdrawals after investors sought to redeem 11.3% of shares in the first quarter. Apollo Debt Solutions limited repurchases after…

In brief Kraken is being extorted for an undisclosed sum by criminals that have access to customer data. The firm’s security executive said it will not negotiate or pay the criminals. The exchange is working with law enforcement, and believes it has sufficient evidence to identify and arrest those responsible. A criminal group is threatening to release stolen customer data from crypto exchange Kraken, the firm reported Monday, publicly disclosing the conflict via social media.“We will not pay these criminals; we will not ever negotiate with bad actors,” Kraken Chief Security Officer Nick Percoco posted on X.“We are currently being…

Crypto exchange Kraken disclosed two insider-related security incidents involving support staff access to limited client data, followed by an extortion attempt by a criminal group, according to a company statement and comments from its chief security officer. The firm said no systems were breached and no client funds were placed at risk in either case. Both incidents involved inappropriate access to internal support tools rather than core trading infrastructure, and access was revoked once identified. Kraken’s Chief Security Officer Nick Percoco said the company is facing demands from attackers who claim to possess videos showing internal systems with client data.…

In brief Justin Sun publicly clashed with the Trump family’s World Liberty Financial, accusing the company of misconduct. The dispute follows World Liberty freezing Sun’s tokens last fall. Over the weekend, WLFI’s price plunged to an all-time low price amid other recent developments around the firm. A months-simmering spat between the Trump family’s crypto company and one of its principal backers erupted into public view over the weekend, with threats of corruption and legal action flying in both directions.Amid the emerging feud, which coincided with a number of other developments for the Trump family’s World Liberty Financial, the company’s native…

In brief Crypto funds attracted $1.1 billion in weekly inflows last week, the highest in three months. Bitcoin dominated flows with $871 million while Ethereum reversed recent outflows with $196.5 million. Short-Bitcoin hedging products saw their largest inflows since November at $20.2 million. Crypto investment products surged back to life last week as improving macro conditions triggered a sharp reversal in institutional sentiment, according to data released Monday by asset manager CoinShares.The $1.1 billion in weekly inflows marked the strongest weekly performance since early January, with tentative ceasefire developments in Iran and softer-than-expected US CPI data restoring investor confidence, according…

Capital B has strengthened its profile as a listed Bitcoin Treasury Company after converting key debt instruments, raising fresh equity, and deploying part of the proceeds into additional bitcoin.  The group now holds 2,925 BTC with an acquisition value of €269.4 million, at an average cost of €92,096 per bitcoin. The company confirmed the purchase of 37 BTC for €2.3 million, at a reference price of €60,892 per coin, as part of its ongoing Bitcoin Treasury strategy. This lifted the year‑to‑date “BTC Yield” to 1.25%, with a “BTC Gain” of 35.3 BTC and a “BTC € Gain” of €2.2 million…

Make CryptoSlate preferred on Hyperbridge, a decentralized bridge connecting the Polkadot ecosystem to the Ethereum network, suffered a major security breach that allowed an attacker to mint 1 billion unauthorized DOT tokens.However, the hacker’s potential multimillion-dollar payday was drastically cut short to around $240,000 as there simply was not enough liquidity to cash out the fabricated assets.While the direct financial losses from the exploit were relatively contained, the incident has sent shockwaves through the Polkadot ecosystem, driving the network’s DOT native token toward its all-time low amid broader market anxieties regarding cross-chain security. Related ReadingPolkadot ecosystem thriving with $210 million…

In brief Foundry Digital launched its Zcash mining pool with institutional firms already onboarded. The pool has captured 29% of the Zcash network’s hashrate since it was announced in March. Foundry also unveiled Zcashinfo.com, a new block explorer for the Zcash blockchain. Foundry Digital, operator of the world’s largest Bitcoin mining pool, officially launched its Foundry Zcash Pool on Monday with multiple institutional mining customers already onboarded.The pool has captured about 29% of the Zcash network’s hashrate since its March announcement, per on-chain data, marking a rapid expansion into privacy-focused cryptocurrency mining beyond Bitcoin. Foundry CEO Mike Colyer positioned the…

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 dip from highs as Iran negotiations fall through; BTC at $71,000 Morgan Stanley plans to extend into tokenized money market funds, tax-loss harvesting, Bitcoin yield and lending Bitcoin researchers find new potential quantum solution not requiring a fork Justin Sun speaks out against WLFI, calls for tokens to unlock…