Decrypt headlines
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DWF Labs Subsidiaries Sue BitGo for $141 Million Over Early Token Sales
The DWF Labs-linked firms allege in London’s High Court that BitGo sold discounted Falcon Finance and ESPORTS tokens roughly two months before their lock-up expired, cratering the value of their remaining holdings.
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New York AG Secures Up to $35M and Industry Ban From Ex-Celsius CEO Alex Mashinsky
Mashinsky owes New York $25 million if he fails to forfeit another $10 million, and $10 million more if he doesn't serve his full sentence.
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Ledger Probes Potential Theft of $87M in User Funds Tied to Crypto Wallet Reseller
Ledger asked reseller CryptoBilis to pause sales and urged recent buyers not to set up their devices, as an onchain investigator tracked more than $86 million in suspected thefts.
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Bitcoin Bleeds in Uptober—How Low Can It Go? Experts Weigh In
Experts highlight several support levels, from $83,000 down to $72,000, that Bitcoin may need to test in a bearish start to Uptober.
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UK Targets Cryptomus and TokenSpot in New Russia Sanctions Package
The package hits five crypto and payment platforms, two of which handled transactions with Russia’s A7 network, the UK government said.
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Morning Minute: Uptober Turns Sour as Crypto Majors Slide
Is this the beginning of a bigger selloff with the anniversary of 10/10 looming? Or just a leverage flush before the next leg up?
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Empire Market Co-Creator Sentenced to 40 Years Over $430M Dark Web Bazaar
Raheim Hamilton forfeited some 1,230 BTC. His co-creator Thomas Pavey, who agreed to forfeit 1,584 BTC, is due to be sentenced this month.
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SIM-Swap Fraudster Who Spent Stolen Crypto on Gold Grills and Dubai Trips Jailed
Ajay Shinjin helped steal nearly $265,000 in crypto after criminals hijacked BT customers' phone numbers in November 2021.
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AI Startup Manus Raises $500 Million After China Nixed Meta’s $2 Billion Acquisition
Manus built a self-driving AI assistant before the hype, sold itself to Meta, then watched Beijing unwind the deal. Its first fresh money since: more than $500 million.
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Google Wants Gemini to Be Your Next Coworker—Complete With Its Own Email Address
Google Cloud unveiled a single Gemini agent that takes goals instead of questions, works in the background for days, and can join a company as a staffer with its own inbox and calendar.
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Ethereum Test Network Raises Block Limit to Over 3x Its Current Capacity
Ethereum's Sepolia test network activated Glamsterdam on October 6 with a block gas limit near 200 million, over three times mainnet's 60 million.
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NFL Sides With States Against Kalshi in Supreme Court Prediction Market Fight
The NFL urged the Supreme Court to resolve a circuit split over whether states can regulate sports contracts on prediction markets, arguing they're gambling, not federally regulated swaps.
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Satoshi-Era Bitcoin Worth $8.3 Million Moves After 16 Years
A batch of 100.02 BTC mined in July 2010 moved Wednesday after 16 years. It's worth about $8.3 million, but nothing in the transaction shows who owns it.
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Solana DeFi Firms Orca and Loopscale Merge Under New Formation Brand
Solana DEX Orca and lending platform Loopscale will operate as Formation, a New York company aiming to finance AI, energy, robotics and defense assets and eventually reach regulated U.S. markets.
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Bitcoin ETFs Suffer Worst Loss Since June as Uptober Turns Red
Investors yanked $484.9 million out of spot Bitcoin ETFs in a single day. Oil is near $100, bond yields are at their highest since 2002, and the Fed isn't done hiking.
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Will AI Break Crypto Encryption? Ethereum’s Vitalik Buterin Weighs In on 'Bunker Mode' Shift
Ethereum co-founder Vitalik Buterin thinks the crypto industry needs to make sure encryption is both quantum and AI-resistant.
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US Government Moves $1 Billion in Bitcoin Seized From Bitfinex Hacker
A government wallet holding Bitcoin seized from the Bitfinex hacker sent 12,267 BTC to a new, unlabeled address, according to Arkham data.
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From Uptober to Spooky Szn? Bitcoin Cuts September Gains in Half
Day traders are selling, leveraged longs are getting flushed and ETF money is heading for the door. The daily chart still holds the line, but its cushion is shrinking.
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Decrypt Money Accounts on Solana to Power The Information Exchange
One self-custodial platform to power Earn, Swaps, Predictions and Perps on Decrypt, as it builds out its financial and intelligence market.
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Securitize Brings Nvidia, Apple and Amazon Onchain With Tokenized Stocks on Solana
The new Securitize Stocks product launches with 12 names backed one-to-one by real shares—preserving dividends and voting rights—trading first on Solana, with NYSE and OKX-ICE venues planned.
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AI Video Game Mod Mashups Are Taking Off—Here Are the Wackiest Examples
Minecraft in Elden Ring, Skate in Call of Duty, and Spider-Man in Gotham. AI vibe coders are creating crazy video game mashup mods.
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Morning Minute: Ethereum Researcher Says AI May Break Crypto Encryption Before Quantum
Justin Drake is calling for crypto holders to start calmly planning for “Bunker Mode." But reactions so far haven’t been too calm.
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Uranium Finance Hacker Who Bought Pokémon and Magic Cards Convicted Over $50M Theft
Jonathan Spalletta also spent stolen crypto on a Roman coin marking Julius Caesar's assassination and moon-flown Wright brothers fabric.
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Former PlayStation Exec Slams Sony's Move to Kill Discs: 'What Are You Buying?'
Sony plans to cease physical disc production in 2028. A former PlayStation exec claims it has caused reputational damage.
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Greece Plans 10% Crypto Capital Gains Tax, Down From 15% Floated in June
A draft bill would exempt the first €500 of annual gains, as crypto tax rates across Europe run from Cyprus's 8% to Italy's 33%.
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Samsung Wallet Taps Solana for USDC Transfers on 82M US Galaxy Devices
Users can send USDC across borders from late October, three months after Samsung teased stablecoin support without naming a blockchain.
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OpenAI Says a Secret AI Model Cracked Hundreds of Open Math Problems in One Prompt—Mathematicians Want Receipts
OpenAI posted 722 AI-written math manuscripts from an unreleased model, saying most came from a single prompt. Some mathematicians call the claims unverified.
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Ethereum Researcher Says AI May Break Encryption Before Quantum Does
Ethereum Foundation researcher Justin Drake urged holders to calmly move funds to unused addresses, warning that AI-driven math could break crypto signatures before quantum computers do.
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Anthropic Launches Haiku 5.5: Its Cheapest and Fastest Claude Model Yet
Claude Haiku 5.5 costs about 75% less to run than its predecessor and targets high-volume jobs like summaries and live customer support. It arrives 15 days after Opus 5.5.
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SEC and CFTC Crypto Rules 'Fall Short' of Clarity, Says Rep. French Hill
The House Financial Services chairman credited the SEC and CFTC for stepping in after the Clarity Act's collapse but said only "permanent law change" can secure U.S. leadership.