Decrypt headlines
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House Oversight Chair Comer Probes Delaware Plan for AI-Run Companies
James Comer warned the proposed "AIC" could shield AI firms from liability, and asked Delaware's governor for documents by November 9.
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Goldman, BlackRock Alumni Raise $4 Million to Put Farm and Apartment Loans Onchain
Birch Hill, founded by Goldman Sachs and BlackRock alumni, raised $4 million in a seed round led by Multicoin Capital to build a regulated path for bringing U.S. loans onchain.
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Moody's Rates Ripple's $2.6B RLUSD Stablecoin A2, a Day After OCC Bank Approval
The ratings agency cited RLUSD's Treasury-heavy reserves, but noted that holders have no direct ownership interest in them for now.
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Morning Minute: Robinhood Misses, But Crypto Beats and Robinhood Chain Soars
Vlad Tenev delivered the messaging that Robinhood Chain enthusiasts wanted to hear—and the market responded.
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Bithumb Says Hackers Accessed Internal System, Leaking Personal Data
South Korea's second-largest crypto exchange is checking whether customer data was exposed, as two other financial firms report breaches.
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Coinbase Customer Data Hit in Analytics Vendor Breach, Funds ‘Not Impacted’
The incident at analytics firm Amplitude hit a "small subset" of Coinbase customers, the exchange said, without saying how many.
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China's Stock Market Has Lost $2.4 Trillion as Investors Doubt Its AI Boom Will Ever Pay Off
Stocks on China's mainland have shed about $2.4 trillion since May as investors doubt AI companies can turn a profit, while U.S. restrictions and high U.S. interest rates add pressure.
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Robinhood Misses Q3 Earnings as Crypto Revenue Rises and Prediction Market Bets Grow
Robinhood posted record revenue of $1.42 billion but earned $0.51 per share, short of the $0.55 expected, as bets on sports and elections grew to $173 million and crypto edged up.
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Robinhood Taps Ripple's Stablecoin, Treasury Software and Trading Loans
Ripple's RLUSD stablecoin is live on Robinhood Chain and Bitstamp, and heads to the Robinhood app later this year as the companies deepen ties in treasury and institutional trading.
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Anchorage Positions Itself as Custody Backbone of US-Mexico Stablecoin Corridor
An expanded deal with Bitso puts Anchorage Digital Bank’s custody beneath both sides of the US-Mexico remittance route.
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AI Agents Are Creating a New Layer of Cybersecurity Spending
Akamai launched a locked box for AI agents on Tuesday. It joins Palo Alto, Cisco, CrowdStrike, Okta and Zscaler in selling protection for software that now acts on its own.
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Intel, Oracle, IBM Join Objections to OKX-ICE Tokenized Stock Venue, Bringing Total to 26
Intel, Oracle, IBM, and IonQ became the latest companies to object to trading of their shares on the planned OKX-ICE tokenized stock venue, bringing the total to 26.
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Bitcoin Wallet Maker Keystone Pulls Devices as Stolen Key Opens Door to Fakes
Attackers obtained the factory key that proves Keystone's hardware wallets are genuine, and 25,964 buyer records were affected. The company says recovery phrases and private keys were not involved.
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Circle Pushes Deeper Into Latin America With USDC Settlement in Colombia
A collaboration with payments-tech firm ACI Worldwide will pilot folding USDC settlement into Colombia’s instant-payments network.
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A $3M Hedge, a Midterm Test and Retail's Rise: Prediction Markets at NEXTPredict
Chuck Todd called markets a "fact checker" for journalism, as Kalshi, Polymarket and Robinhood pitched contracts well beyond elections.
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OpenAI Proves ETH Is False, and Crypto Twitter Has Questions
A new OpenAI paper declares ETH false, a claim that hundreds of research papers lean on. Crypto Twitter degens and serious mathematicians are abuzz.
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McDonald's McRib Doesn't Actually Boost Bitcoin's Price, Sorry Everyone
Crypto traders think the McRib’s return to McDonald's means a Bitcoin pump is coming. Experts say there is "no correlation at all."
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Polymarket Has Investigated 'Dozens' of Midterm Election Bets: Report
The firm's new head of investigations says its surveillance system flags hundreds of alerts a day, with at least two cases sent to the CFTC.
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Bitcoin Mining Firm Luxor Raises $16 Million to Scale Its AI Compute Push
The CMT Digital-led round, which drew mining-hardware makers Canaan and MicroBT, will fund Luxor’s expansion into AI compute trading, hardware and derivatives.
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Morning Minute: Tokenized Stock Battle Looms Over Robinhood’s Earnings Call
One of crypto’s primary growth sectors for this upcoming cycle is under attack. Will Vlad Tenev speak up on today’s Robinhood earnings call?
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Why This Team of Ninjas Is Tripling Down on Mining Bitcoin
NIP Group says Bitcoin mining has “earned its place” as the esports giant swaps 247 million shares for more machines.
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Ripple Wins Final OCC Approval for Trust Bank Behind $2.6B RLUSD Stablecoin
The federally supervised bank will manage RLUSD's reserves and offer custody, as banking groups fight crypto charters in court.
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Canada’s Draft Stablecoin Rules Cap Redemption Fees at 1% and Ban Yield
Ottawa opened a 60-day consultation on draft rules requiring one-to-one reserves and fast redemption from stablecoin issuers, while keeping the ban on paying holders interest.
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OpenAI Launches GPT-6.1 Terra, Its Half-Good AI Model at Half the Price
OpenAI's mid-tier model now operates apps and screens more like a person would, with API prices 50% below GPT-5.6 Terra and an error rate that OpenAI says fell sharply.
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Unitree Stock Jumps as Investors Bet Chatbot AI Will Finally Give Robots a Brain
Unitree's shares have jumped about 60% in under two weeks as investors bet OpenAI's GPT-6 Astra will give robots the brains they lack, turning the stock into an AI proxy.
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NBA Embraces the CFTC on Prediction Markets as the NFL Fights It in Court
The agreement, which follows similar deals with MLB and NHL, establishes information-sharing to guard against insider trading as sports betting migrates to CFTC-regulated venues.
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South Korea Arrests Seven in First Big AI-Assisted Hacking Case
Police in Seoul say a 32-year-old with no IT background used AI tools to break into about 90 hospitals, schools and companies, then pressed victims for roughly $270,000 combined.
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AI Agents Found a Way Into Anthropic's Business Systems in Under 12 Hours
Cathedral, a startup founded by ex-DOGE staffers, says its AI agents found paths into Anthropic's sales, HR, and IT systems through third-party software.
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Why Prediction Markets Got the Brazilian Election So Wrong
Experts say Brazil's prediction market ban left the odds in the hands of traders with little knowledge about the election.
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SpaceX Locks Up $40 Billion for AI Chips as Musk Warns Most Neoclouds Will Die
Elon Musk says SpaceX closed a $40 billion chip deal with Apollo while lenders shut the door on smaller AI cloud firms, a split that could decide who controls computing.