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Three prominent voices in finance, crypto, and policy urged Congress this week to move quickly on the Clarity Act, a long-awaited bill to define how cryptocurrencies and blockchain-based financial products operate under U.S. law. Treasury Secretary Scott Bessent called for the Senate Banking Committee to advance the legislation to President Trump’s desk, saying that Congress has spent years debating a framework to “onshore the future of finance.” “Senate time is precious, and now is the time to act,” Bessent said on social media, echoing points from his Wall Street Journal op-ed that argued U.S. leadership in global finance depends on…

Make CryptoSlate preferred on Bitcoin’s rebound to around $71,000 has reignited a familiar bullish conversation about price, liquidity, and positioning. It has also exposed a less comfortable fact inside the network itself.The fee market has barely moved.For a market that still treats on-chain congestion as a sign of organic demand, that divergence deserves more attention than another recap of macro tailwinds or ETF flow streaks. Related ReadingBitcoin’s rebound looks like a trap and Wall Street knows it – as real Hormuz threat may not be overBanks and energy forecasters see a slower repair in oil flows, keeping inflation and Fed…

In brief OpenAI has halted its planned Stargate AI infrastructure project in the United Kingdom. The initiative with Nvidia and Nscale planned to deploy up to 8,000 GPUs, with potential expansion to 31,000 in total. The company said it may move forward if energy costs and regulatory conditions become more favorable. OpenAI has paused its planned Stargate artificial intelligence infrastructure project in the United Kingdom, citing high energy costs and regulatory uncertainty, according to a report by CNBC that was confirmed by a company spokesperson.The ChatGPT giant first announced the Stargate UK infrastructure project in mid-September 2025, in partnership with…

Bitcoin Depot disclosed that hackers stole about $3.7 million in bitcoin from company-controlled wallets after gaining access to internal credentials tied to its crypto settlement accounts. The Nasdaq-listed crypto ATM operator said in an SEC filing on Wednesday that it detected unauthorized access to parts of its IT systems on March 23. The company said the attacker gained control of credentials linked to its digital asset settlement accounts and transferred out about 50.9 bitcoin, valued at roughly $3.66 million at the time of the theft. Bitcoin Depot said the breach was limited to its corporate environment and did not affect…

In brief Bithumb has filed provisional asset seizure applications through South Korean courts to recover 7 BTC worth $496,000 from holdout users. The legal action follows a February trading system error that mistakenly distributed 620,000 BTC worth over $43 billion to user accounts. South Korea’s Financial Services Commission has mandated five-minute balance reconciliation for all exchanges in direct response to the incident. South Korean cryptocurrency exchange Bithumb has filed for provisional seizure orders to recover 7 BTC worth $496,000 from users who refused to return Bitcoin mistakenly distributed in a massive February trading error, according to local media outlet Chosun.The…

Make CryptoSlate preferred on Strategy (formerly MicroStrategy) is claiming its aggressive Bitcoin purchases have yielded a nearly $2 billion gain this year despite the top asset’s clear price struggles.However, a close look at the enterprise software company’s legally binding regulatory filings tells a much redder story: under standard accounting rules, the firm is nursing a multi-billion dollar unrealized loss, and its aggregate Bitcoin stack sits firmly underwater.Despite the paper losses, the company shows no signs of slowing. Armed with a highly liquid capital markets engine, Strategy continues to issue equity to fund massive daily purchases, completely unfazed by the disconnect…

A solo bitcoin miner on the Bitcoin network has defied steep odds to successfully mine a block, securing the full reward of 3.128 BTC, valued at roughly $222,000 at current prices. The miner solved block 944,306 early Thursday using CKpool in a solo configuration, according to data from mempool explorers. The payout consisted of the standard 3.125 BTC block subsidy, worth about $221,800, along with 0.003 BTC in transaction fees, adding roughly $212 to the total. CKpool developer Con Kolivas confirmed the win, noting the miner operated with about 70 terahashes per second (TH/s) of computing power. That level of…

In brief Joe Schiarizzi, an anti-Trump Ethereum developer, is running for Congress in Virginia as a Democrat. He argues crypto should focus on public-good use cases, and reject political profiteering. He also criticized pro-crypto lawmakers as opportunistic and lacking genuine interest in the technology. November’s hotly anticipated midterms are poised to bring a new wave of legislators to Washington for the first time—including, potentially, America’s first crypto developer-turned-congressman.Joe Schiarizzi, a longtime Ethereum developer, launched a campaign Thursday to run as a Democratic House candidate in D.C.’s Virginia suburbs. Schiarizzi plans to run in Virginia’s 7th congressional district, which, pending a…

Revolutions leave behind artifacts. Sometimes they end up in museums. Sometimes they spend a decade in a suitcase. Kolin Burges became one of the defining figures of Bitcoin’s first financial crisis when he flew from London to Tokyo in February 2014 and stood outside the offices of Mt. Gox — then the world’s largest Bitcoin exchange, handling an estimated 70–80% of global Bitcoin trading volume — with a hand-lettered cardboard sign reading “MTGOX — WHERE IS OUR MONEY?” Day after day, in the snow, he held that sign while international media gathered and the exchange’s leadership scrambled to contain the…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin and Ethereum prices briefly surged on Wednesday, with BTC reclaiming $71,000 and ETH reclaiming $2,200. Despite the upside move, reports are showing that large investors across the market are heavily bearish toward the two leading cryptocurrency assets. Whales Bet Against Bitcoin And Ethereum Bullish momentum appears to have returned for Bitcoin and Ethereum as both assets are now trading above key resistance levels that previously triggered downside action. Even during the period, key traders’ sentiment remained unchanged, reflecting a negative outlook for these top assets. An…

Make CryptoSlate preferred on On April 8, Morgan Stanley’s spot Bitcoin exchange-traded fund began trading on the NYSE Arca under the ticker MSBT, logging 1.6 million shares and roughly $34 million in volume on its highly anticipated first day.The MSBT fund purchased 430 Bitcoin on day one, following $30.6 million in net inflows.Speaking on this performance, Bloomberg ETF analyst Eric Balchunas noted that MSBT’s achievement comfortably places it among the top 1% of all ETF launches over the past year.For comparison, the vast majority of newly launched ETFs across all asset classes average $1 million or less on their first…

In brief Fartcoin plunged 28% from its weekly high, liquidating $51M in 24 hours. The meme coin’s crash came after it surged 45% in two days to its peak Wednesday. Hyperliquid recorded $84M in liquidations, topping centralized exchanges Binance and Bybit. While Bitcoin hovers above $71,000, attempting to find a stable foothold, a subset of altcoins has tanked sharply, with Fartcoin leading the drop.The meme coin is down 28% from its Thursday morning peak to around $0.178, according to CoinGecko data. A closer look at the week’s price action shows that Fartcoin surged from $0.166 on Tuesday to $0.247 yesterday, securing…

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 or less, downloadable on Apple Pod or Spotify.GM!Today’s top news: Crypto majors fall 1-3% as ceasefire hope erodes, oil jumps; BTC at $71,100 Morgan Stanley BTC ETF sees $31M in day 1 volume in $2.5B day for ETFs White House releases report stating stablecoin yield won’t impact banking industry NY Times reports that Satoshi is Adam Back, though Back denies…

Make CryptoSlate preferred on The Ethereum Foundation (EF) announced on Apr. 8 that it would convert 5,000 ETH into stablecoins through CoWSwap’s TWAP feature to fund research, grants, and donations.The announcement reopened a debate over what the foundation’s treasury overhaul was ever meant to accomplish. Over the last year, EF moved treasury assets into DeFi, borrowed against ETH collateral, and then launched a staking initiative centered on about 70,000 ETH.The reality described in EF’s June 2025 treasury policy suggested a different model. It tied monetization to a fiat-denominated operating buffer and kept ETH sales, staking, and stablecoin borrowing inside the…