Decrypt headlines
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Tesla to Wind Down Cybertruck Production as Elon Musk Pivots to Robotaxis and AI
The Tesla CEO said the Texas plant will make room for the Cybercab, as sales of the stainless-steel pickup run far below capacity.
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Morning Minute: Bitcoin Erases Election Rally as AI Stocks Crater
Thursday marked a massive reversal and historic selloff for AI stocks, and crypto was not immune. What held up the strongest?
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Former FBI Agent Pleads Guilty to Stealing $2.5M in Crypto From 35 Investigations
Patrick Yaroch drained wallets using credentials the FBI had collected, then asked ChatGPT for advice on starting a new life in Europe.
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Zcash's NU7 Upgrade Goes Live, Recycling 60% of Fees to Fund Future Block Rewards
The Network Sustainability Mechanism will reissue removed ZEC from 2031 within the 21 million cap, as the community debates its dev fund.
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Claude Gets Personal Finance—Anthony Pompliano Accuses Anthropic of Copying His Startup
Anthropic's Claude finance assistant analyzes spending from linked accounts in the U.S., and Anthony Pompliano has a big problem with it.
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Bitcoin Fixes This? Paraguay President Resigns After Bank Lockout Hits 60% of Country
Ueno’s collapse trapped millions of Paraguayan depositors and triggered a president’s resignation, reviving Bitcoin’s argument for self-custody.
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OpenAI Promises to Foot AI’s Power Bill After Voter Revolt. Who Enforces It?
OpenAI wants to ease the backlash against AI campuses with promises on electricity, water and secrecy. Its new compact raises a tougher question: Who would make the company comply?
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DOJ Creates 'Super Intelligence' Task Force to Guard Against AI Abuse
Led by two senior DOJ officials, the Super Intelligence Task Force will target misuse by foreign governments, criminal groups and fraudsters—while pushing AI developers to tighten internal controls so their systems “behave as intended.”
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Mercado Bitcoin Said Its Hack Was Contained, But Blockchain Data Tells a Different Story
Fresh forensic analysis traces $48.6 million across 11 blockchains and finds thousands of customer deposit addresses drained hours after the Brazilian exchange said it had stopped the breach on Monday.
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Zcash Upgrade Could Lock $16 Million in Crypto Forever
Zcash's latest upgrade promises faster transactions, but thousands of coins remain in an aging privacy system that will soon stop accepting withdrawals, potentially leaving their owners empty-handed.
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OpenAI Found 948 Linux Security Flaws—And Figured Out How to Exploit Them
An automated OpenAI system produced working exploits and draft fixes at roughly $1,279 per flaw, raising new questions about how cheaply AI can find holes in critical software at scale.
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Trump-Backed American Bitcoin Turns a Profit as Bitcoin Rise Lifts Books
The Hut 8-backed miner reversed a second-quarter loss, driven largely by a $197 million gain on its Bitcoin holdings.
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S&P 500 Plunges, Wall Street Fears Circuit Breaker, Just One Day After Trump Celebrated Record Highs
A day after Trump celebrated stock market records, the S&P 500 sank 3.8%, putting emergency trading halts in focus as AI stocks dragged Wall Street sharply lower during Thursday trading.
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Hollywood Studios Quietly Ban Staff From Betting on Prediction Markets: Report
Employees are being told not to bet on casting news, release dates or earnings, though experts say the rules will be hard to enforce.
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Solana Labs’ Leap Launches Mobile App for Trading Tokenized Stocks and Crypto
Leap, built by the team behind Dialect, launched a beta iPhone app for trading tokenized stocks, ETFs, metals, currencies and crypto on Solana, pitching itself to traders looking beyond meme coins.
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Democrats to Push Broader Crypto Market Structure Bill After Sweeping US Midterms: Report
Analysts said that the Clarity Act's path has become tougher, while advocacy group Stand With Crypto has endorsed 27 winning candidates so far.
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Bitcoin Erases Election Rally as AI Stocks Plunge, $428 Million in Crypto Longs Get Wiped Out
Bitcoin plunged nearly 5% as AI stocks sank, Democratic midterm wins raised fresh policy questions, and forced liquidations erased a Wednesday rally that had been fueled partly by short covering.
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Sam Altman Says It's 'Fucking Annoying' His RAM Comments Were Taken Out of Context
The OpenAI CEO briefly renamed himself "Ram Altman" on X after Elon Musk mocked him for saying idle home PC memory is "quite terrible."
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Morning Minute: Democrat Sweep Pumps Crypto as Clarity Act Resurfaces
The Dems are already talking compromise on the Clarity Act and their requests all seem logical - does the bill have new life?
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Stablecoins Go Mainstream as Samsung Wallet Adds USDC on Solana
Eligible U.S. Galaxy users can now buy, hold, send and receive USDC on Solana directly in Samsung Wallet, without a separate crypto app or private keys to manage.
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Binance Cuts Off SignalPlus API Keys Over 'Potential Security Issue' at Trading Platform
The exchange said its own systems and user funds are unaffected, a week after it lost $6.4 billion in a hack blamed on North Korea.
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Canadian Man Extradited to US Over Plot to Hijack University Supercomputers for Crypto
Prosecutors say Ryan Roach and a co-defendant targeted U.S. universities with supercomputers, stealing logins and secretly mining crypto.
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Arkansas Sues Kalshi, Joining a Growing List of States Targeting Prediction Markets
Attorney General Tim Griffin said betting on "whether the Razorbacks win or lose" is gambling, and wants restitution, penalties and taxes.
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Why Bitcoin's Next Soft Fork Could Feel Like a Practice Run
Matt Corallo explains why patching four legacy bugs is about rebuilding muscle memory, just as much as it’s about Bitcoin maintenance.
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ChatGPT Is Getting a GIF Maker Powered by OpenAI's Unannounced Images 2.6 Model
OpenAI is rolling out animated GIF creation in ChatGPT, with frame-by-frame editing and speed controls.
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Google Tells Schools They Can Reject AI—But They'll Lose Search, Too
Google is giving schools more control over Gemini, but districts that want Search without AI are out of luck, fueling accusations that the company is pressuring educators into adopting AI.
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Coinbase Says 99% of Customer Crypto Is Offline and Out of Hackers’ Reach
Coinbase told customers it wasn’t affected by the $6.4 billion Binance hack and detailed its security controls, including offline storage for over 99% of assets, split private keys and kill switches.
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US Bank Regulator Issues First AI Framework as Banks Battle Rogue Agents
The OCC's first examiner guide weighs autonomy and financial harm, and directly addresses outside AI agents—the same risk that recently prompted major banks to restrict customer-account access.
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US Voters Back AI Data Center Restrictions in At Least 29 Communities
Voters across the United States backed measures to curb data centers, raising new obstacles for the infrastructure powering AI as electricity bills, water supplies, and public oversight dominate the debate.
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Canton Coin Gets SEC Nod as Wall Street Tokenization Heats Up
SEC staff said they view Canton Coin as a digital commodity and won’t recommend enforcement over how it’s minted, a week after DTCC launched a tokenization service that runs partly on the Canton Network.