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Decrypt Staff

Decrypt Staff

Decrypt Staff is a byline used by staff writers for short pieces written from breaking news events.

Stories by Decrypt Staff

  • Coinbase CEO Brian Armstrong. Image: Wikimedia/Decrypt

    Coinbase Says 99% of Customer Crypto Is Offline and Out of Hackers’ Reach

    Coinbase is moving to reassure customers that what happened at Binance can’t easily happen there. In a blog post Wednesday, the U.S. exchange said it wasn’t affected by last week’s hack of Binance, in which attackers drained about $6.4 billion from the rival exchange’s hot wallets. Coinbase said it keeps more than 99% of customer assets in cold storage, meaning offline wallets that can’t be reached over the internet. It moves funds into internet-connected hot wallets only as customers need them....

    NewsBusiness
    3 min read
    Decrypt Staff
  • Wall Street. Image: Decrypt/Shutterstock

    Canton Coin Gets SEC Nod as Wall Street Tokenization Heats Up

    The blockchain behind Wall Street’s newest tokenization service just got a regulatory nod for its native token. The SEC’s Division of Corporation Finance said in a letter dated Tuesday that it views Canton Coin, the native token of the Canton Network, as a “digital commodity” under the agency’s March interpretation of how securities laws apply to crypto. Agency staff also said they won’t recommend enforcement action if Canton’s validators and application providers mint the token programmatically...

    NewsLaw and Order
    2 min read
    Decrypt Staff
  • Morgan Stanley. Image: Decrypt/Shutterstock

    Wall Street’s Plumbing Goes Onchain as Morgan Stanley Tokenizes Securities

    Morgan Stanley has started moving U.S. stocks and Treasuries onto blockchain rails, using Wall Street’s own plumbing to do it. The bank said Tuesday that it’s among the first to tokenize real-world assets through the DTCC Tokenization Service, converting U.S. equities and Treasuries into tokenized form. The service, which went live Oct. 28, is run by the Depository Trust Co., a subsidiary of the Depository Trust & Clearing Corp. The DTC is the post-trade backbone of U.S. markets, with more than...

    NewsBusiness
    3 min read
    Decrypt Staff
  • Tether CEO Paolo Ardoino at Bitcoin 2025. Image: Tether/Decrypt

    Tether Holds 150,000 Bitcoin, CEO Says—About 50,000 More Than Its Reserve Report Shows

    Tether CEO Paolo Ardoino said the stablecoin giant now holds around 150,000 Bitcoin, worth roughly $11.5 billion at current prices, a figure that exceeds what the company’s own reserve disclosures imply by some 50,000 coins. “We have give or take 150,000 bitcoin ourselves. It’s not much, but it’s honest work,” Ardoino said during a keynote at the Plan ₿ Forum in Lugano, Switzerland, the city where Tether has run a Bitcoin and stablecoin adoption program since 2022. The claim is notable because i...

    NewsBusiness
    2 min read
    Decrypt Staff
  • Justin Sun. Source: Tron/Decrypt

    Justin Sun Accuses Trump-Backed World Liberty of Using UAE Ties to Escape Federal Court

    Justin Sun’s legal fight with World Liberty Financial now hinges on a question of nationality. The Tron founder said Tuesday on X that his lawyers have asked a federal court in California to sanction the Trump family-backed crypto venture over how long it took to disclose that its ownership chain gives it citizenship in the United Arab Emirates. Sun says he is one of World Liberty’s earliest and largest investors. He agreed in November 2024 to buy $30 million of its WLFI tokens and later raised...

    NewsLaw and Order
    3 min read
    Decrypt Staff
  • CFTC. Source: Decrypt/Shutterstock

    CFTC Lets Traders Bet on Stocks With Crypto-Style Perpetual Futures

    The U.S. derivatives regulator has opened the door to perpetual futures on individual stocks, importing one of crypto’s most popular trading instruments into traditional equity markets for the first time. The Commodity Futures Trading Commission said Tuesday that “equity perpetual futures,” or perpetual contracts tied to individual stocks, can now begin trading on CFTC-registered exchanges. Perpetual futures, long a staple of crypto markets, are derivatives that track an asset’s price but carry...

    NewsLaw and Order
    3 min read
    Decrypt Staff
  • Elon Musk. Image: Shutterstock/Decrypt

    Elon Musk’s Tesla and SpaceX Block Their Stock From OKX-ICE Tokenized Venue

    Two of Elon Musk’s companies are now keeping their shares off OKX and ICE’s planned tokenized stock venue. Tesla and SpaceX are among six new objecting issuers listed in an updated notice from OKXICE TSV dated Monday. Amazon, Netflix, Lam Research, and SoFi Technologies are the others. The additions bring the total to 56 companies. The list stood at 50 in the venue’s Oct. 30 notice, when Nvidia, Costco, and Nike led the biggest batch yet. That followed 38 on Oct. 28, after Walmart joined, and ni...

    NewsBusiness
    2 min read
    Decrypt Staff
  • Ethereum is the second largest crypto asset by market cap. Image: Shutterstock/Decrypt

    Ethereum Privacy Network Aztec Rolls Out Major Security and Speed Upgrade

    Aztec, the privacy-focused Ethereum layer-2 network, has rolled out a major upgrade that fixes a critical vulnerability from its previous version, doubles the speed of private transactions, and ushers in a wave of applications built to keep user data hidden. The Aztec Foundation said Tuesday that the upgrade, called Aztec Tierra and designated Alpha V6, delivers stronger security, formal verification of its proving system and faster deposits from Ethereum, alongside a refreshed brand. Aztec is a...

    NewsBusiness
    3 min read
    Decrypt Staff
  • Image: Shutterstock/Decrypt

    Mystery $106 Million Crypto Theft Hits EU Entity Days After Binance Hack

    Another nine-figure theft has hit crypto, just days after the biggest heist in the industry’s history. An unnamed entity in the European Union is suspected of losing more than $106 million from several of its accounts on centralized exchanges on Sunday, pseudonymous onchain investigator ZachXBT said Monday in a post to his Telegram channel. The funds were withdrawn as USDC and USDT stablecoins by what he called an “illicit actor.”  In the 24 hours that followed, the actor moved aggressively to...

    NewsCoins
    2 min read
    Decrypt Staff
  • North Korea. Image: Shutterstock/Decrypt

    North Korea Is Laundering Binance Hack Loot at One New Wallet Every 25 Seconds

    North Korean hackers are moving the $6.4 billion they stole from Binance at a blistering clip: roughly one new crypto wallet every 25 seconds. In under four days, the attacker has spread the funds across about 12,000 wallets on 11 blockchains in more than 40,000 transactions, according to an analysis published Monday by blockchain analytics firm Elliptic. But stablecoin issuers moved even faster. About $2.85 billion, or 44% of the haul, has been frozen or seized, compared with roughly 3% after N...

    NewsCoins
    3 min read
    Decrypt Staff
  • Nvidia CEO Jensen Huang. Image: Decrypt/Shutterstock

    Nvidia and Nike Lead Biggest Wave Yet of Tokenized Stock Objections

    Even Nvidia doesn’t want its shares on OKX and ICE’s planned tokenized stock venue. The chipmaker is among 12 new companies listed as objecting issuers in an updated notice from OKXICE TSV dated Friday. The others are Costco, Nike, Micron, CrowdStrike, Palo Alto Networks, Reddit, Hewlett Packard Enterprise, Corning, Bloom Energy, IREN, and USA Rare Earth. The additions bring the total to 50 companies.  It’s the largest single batch yet. The list stood at 38 in the venue’s Oct. 28 notice, when W...

    NewsBusiness
    3 min read
    Decrypt Staff
  • BitMine Chairman Tom Lee. Image: Fundstrat/Decrypt

    Bitmine Buys More Ethereum as Tom Lee Calls the Binance Hack Bullish

    Bitmine Immersion Technologies kept its weekly Ethereum buying streak intact, adding 8,573 ETH worth roughly $19 million, while chairman Tom Lee used the record Binance hack to argue that crypto has grown more resilient, not more fragile. The NYSE-listed company said Monday its holdings now total 6,060,506 ETH, worth roughly $13.7 billion at a reference price of $2,261 per coin.  That represents 4.9% of Ethereum’s 122.2 million token supply, leaving Bitmine, by its own count, 99% of the way to...

    NewsBusiness
    3 min read
    Decrypt Staff
  • Source: Shutterstock/Decrypt

    How T7X Is Building the Infrastructure for a New Era of Capital Markets

    Most tokenized stocks aren't natively issued on a blockchain. They begin as conventional shares, sit with a broker or custodian, and are then represented by tokens issued separately. In effect, the market has largely replicated traditional securities structures on-chain instead of rethinking them from the ground up. The token "may track the value of the underlying shares," writes Ivan Kan, CMO of tokenization platform T7X, in an essay shared with Decrypt, "but the token holder is not necessarily...

  • Bitcoin. Source: Shutterstock/Decrypt

    Bitcoin ETF Investors Head for the Exits After Record Binance Hack

    The first real test of how ETF investors would react to the largest crypto hack in history came back red. U.S. spot Bitcoin ETFs shed $643.2 million on Friday, according to Decrypt’s ETF tracker, their biggest single-day outflow of October. It was the funds’ first full session since attackers began draining roughly $6.4 billion from Binance at 4:05 p.m. ET Thursday, after U.S. markets had closed. Thursday’s $17.2 million in inflows predated the theft. Myriad: Where does Ethereum go next? Click t...

    NewsMarkets
    3 min read
    Decrypt Staff
  • Binance. Image: Shutterstock/Decrypt

    Binance Hack: Everything You Need to Know About the Biggest Crypto Heist in History

    Crypto just suffered the largest hack in its history. On Thursday, attackers drained roughly $6.4 billion from Binance, the world’s largest cryptocurrency exchange, in a breach that dwarfs every theft before it and has triggered a cross-border law-enforcement investigation, a scramble by stablecoin issuers to freeze funds, and a tense wait for millions of users. Here’s what’s known about the Binance hack so far. What happened The theft began at about 4:05 p.m. ET on Thursday, after U.S. markets...

    NewsCoins
    6 min read
    Decrypt Staff
  • CFTC Chairman Michael Selig. Image: U.S. Nuclear Regulatory Commission/Decrypt

    Binance Hack Shows Why Offshore Exchanges Need US Oversight, CFTC Chair Says

    The record-breaking hack of Binance is exactly why offshore crypto exchanges need U.S. oversight, CFTC Chairman Michael Selig argued, using the roughly $6.4 billion theft to press the agency’s case for a federal rulebook. Speaking to CNBC on Friday, Selig said the breach “proves our exact point” behind the crypto-market regulations the agency proposed earlier this month. Myriad: Where does Bitcoin go next? Click to make your prediction. “The real issue here is that these are unregulated offshore...

    NewsLaw and Order
    3 min read
    Decrypt Staff
  • Wall Street. Image: Decrypt/Shutterstock

    Worried About Crypto Hacks? Buy Bitcoin Proxies in Stock Market Instead, Say Wall Street Firms

    Wall Street analysts are telling clients the record-breaking hack of Binance is a buying opportunity, not a reason to flee, urging investors to scoop up crypto-linked stocks while prices are depressed. Analysts at Cantor Fitzgerald, TD Cowen, and Compass Point said in Friday research notes that the roughly $6.3 billion theft, the largest crypto hack ever, is unlikely to derail the broader market’s recovery. Myriad: Which company will IPO next? Click to make your prediction. The reassurance came...

    NewsBusiness
    3 min read
    Decrypt Staff
  • Coinbase CEO Brian Armstrong. Image: Coinbase/Decrypt

    Coinbase Swings to $719 Million Q3 Profit on Crypto Gains

    Coinbase is back in the black, though much of that came from the crypto on its own balance sheet. The exchange reported third-quarter net income of $719 million, or $2.51 per diluted share, on Thursday, ending a two-quarter losing streak. Analysts had expected a loss of 15 cents per share, according to Zacks. But about $715 million of the profit came from gains on crypto Coinbase holds as an investment. Excluding those and other investment gains, adjusted net income was $78 million. Myriad: Whic...

    NewsBusiness
    3 min read
    Decrypt Staff
  • US Capitol building in DC. Image: Shutterstock/Decrypt

    Crypto Spends $176 Million on Midterms, But Only 13% of Voters See It as a Priority

    The crypto industry is spending heavily on next week’s midterm elections. Voters aren’t putting it near the top of their lists. Only 13% of Americans say it’s extremely or very important that a political candidate supports the growth of emerging financial technologies like blockchain, crypto and decentralized finance, according to a survey conducted by Ipsos for the DeFi Education Fund, a crypto policy advocacy group. Myriad: Who will win the midterms? Click to make your prediction. A broader pi...

    NewsBusiness
    2 min read
    Decrypt Staff
  • Walmart. Image: Shutterstock.

    Walmart Blocks Its Stock From OKX-ICE Tokenized Trading Venue

    The world’s largest retailer is now keeping its shares off OKX and ICE’s planned tokenized stock venue. Walmart, Eli Lilly, Cigna Group, Carnival, and Arcos Dorados have objected to having their shares offered on OKXICE TSV, according to an updated notice from the venue dated Wednesday. The five additions bring the total to 38 companies. Myriad: How high will Nvidia stock go? Click to make your prediction. That’s up from 33 a day earlier, when JPMorgan Chase, Coca-Cola and Dell were among seven...

    NewsBusiness
    3 min read
    Decrypt Staff
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