Quick Summary: Traders on prediction market Myriad put 90% odds on U.S. boots on the ground in Iran this month after an American fighter jet was reportedly shot down. Traders on Myriad, a prediction market owned by DASTAN, the parent company of Decrypt, placed a 90% probability on Friday that U.S. military personnel will enter Iranian territory before the end of the month. That figure represents a significant jump from the 60% odds recorded just one day earlier. The shift in sentiment followed reports that an American fighter jet had been shot down over Iran. The development has intensified debate…
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Quick Summary: MARA has laid off 15% of its staff following a $1.1 billion Bitcoin sale, as the miner pivots toward AI data centers and energy infrastructure. MARA, the publicly traded Bitcoin mining company, has confirmed a workforce reduction of approximately 15%, affecting full-time employees across multiple departments. The cuts may also extend to contractors working with the firm. The announcement follows an initial report by Blockspace Media, which cited sources close to the matter. MARA confirmed the layoffs directly to Decrypt.In a statement, a company spokesperson described the decision as part of a broader strategic transformation. “MARA remains focused…
Quick Summary: The ICBA and other banking advocates oppose the OCC’s conditional approval of Coinbase’s national trust bank charter, citing regulatory gaps and systemic risks. The Independent Community Bankers of America has come out against the Office of the Comptroller of the Currency’s conditional approval of Coinbase’s application for a national trust bank charter, arguing the application falls short of established regulatory standards. The ICBA contends that Coinbase’s filing shows weaknesses in risk controls, profitability projections, and resolution planning. The group further argues that the OCC does not have the statutory authority to extend trust powers for crypto-related activities without…
Quick Summary: Trump’s elevation of Todd Blanche to acting attorney general puts a crypto investor and former personal lawyer in charge of the Justice Department. President Donald Trump dismissed Pam Bondi as attorney general on Thursday and elevated her deputy, Todd Blanche, to lead the Department of Justice. Trump indicated the arrangement may be temporary, with reports suggesting he wants to assess how Blanche performs before making a permanent decision. Blanche previously served as Trump’s personal attorney before joining the federal government.Blanche’s ascent carries notable implications for the cryptocurrency industry. As the department’s second-highest official, he had already introduced several…
Quick Summary: Dmail Network is ceasing all services from May 15 after failing to sustain infrastructure costs, monetization, and team capacity over five years. Dmail Network, a decentralized email platform that operated for five years, has announced it will gradually wind down all services beginning May 15. The shutdown was disclosed in an official post published Thursday, in which the team described their original mission as building what they called “truly decentralized email.” Users have been instructed to export their email content to other platforms before the deadline, after which all nodes will stop running and stored emails will become…
Quick Summary: Onchain investigator ZachXBT claims Circle failed to freeze roughly $420 million in illicit USDC funds across 15 hack and fraud cases since 2022. Onchain investigator ZachXBT has publicly accused Circle, the issuer of the USDC stablecoin, of failing to freeze or blacklist approximately $420 million in illicit fund flows since 2022. According to ZachXBT, Circle either took minimal action or did not act at all across 15 separate hack and fraud incidents, including cases tied to North Korean (DPRK) state-affiliated hackers. The allegations have drawn significant attention within the cryptocurrency community.Among the specific cases cited, ZachXBT claims Circle…
Quick Summary: Prediction markets platform Kalshi has appointed former Obama administration staffer Stephanie Cutter as a policy adviser to strengthen its Washington ties. Kalshi, a prediction markets platform, has announced the appointment of Stephanie Cutter as a policy adviser. Cutter joins from Precision Strategies, a communications firm she co-founded in 2013. The company stated the hire is part of a broader effort to deepen its relationships in Washington and across the country.Kalshi co-founder and CEO Tarek Mansour highlighted Cutter’s background in government and politics as central to her value for the company. He noted that her experience would help the…
Quick Summary: XRP trades near $1.33 with elevated volume but no breakout, remaining caught between support at $1.30 and resistance at $1.34–$1.35. XRP is currently trading near $1.33, moving within a tight range that closely mirrors the broader cryptocurrency market. The token has shown little independent momentum, suggesting its price action is largely driven by wider market sentiment rather than asset-specific catalysts. Traders appear to be in a wait-and-see posture as the token consolidates.Trading volume is running approximately 23 percent above its weekly average, a notable uptick that has yet to translate into a decisive directional move. The elevated activity…
Quick Summary: Drift has sent on-chain messages to four wallets holding stolen funds, signaling it has identified critical information about the attackers. Drift, a decentralized exchange built on the Solana blockchain, has reached out directly to the wallets believed to be holding approximately $285 million in crypto stolen from its platform earlier this week. On Friday, the team announced via X that it had sent on-chain messages to four wallets on Ethereum’s network, stating simply: “We are ready to speak.” The messages indicated that critical information about the parties behind the exploit had already been identified. Drift added that further…
Quick Summary: Bitcoin shed roughly 22% in Q1 2026, its worst quarterly performance since early 2018, amid geopolitical conflict, tariffs, and a hawkish Federal Reserve. Bitcoin closed the first quarter of 2026 with its steepest quarterly loss since early 2018, dropping approximately 22% year-to-date. The cryptocurrency slid from around $95,000 in February to roughly $66,700 by quarter’s end, with losses reaching as deep as 34.6% at the period’s lowest point. The figures come from institutional trading firm Talos, citing data from its financial intelligence arm, Coin Metrics. The decline was driven by a combination of geopolitical conflict, new trade tariffs,…
