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What's new in crypto and the advent of the decentralized web. https://decrypt.co/feed

Bybit Hackers Turn to Crypto Mixers After $1.4B Theft, 7.6% of Funds 'Gone Dark': CEO

North Korean hackers have resorted to at least four crypto mixers to launder what they stole from Bybit last month.

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https://decrypt.co/310835/bybit-hackers-turn-to-crypto-mixers-after-1-4b-theft-7-6-of-funds-gone-dark-ceo

Authorities Target Crypto Scammers Posing as Binance in Australia

Through Operation Firestorm, Australian authorities disrupted a complex crypto scam impersonating Binance.

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https://decrypt.co/310819/authorities-target-crypto-scammers-posing-binance-australia

Gotbit Founder Forfeits $23M in Crypto Market Manipulation Plea Deal

The Gotbit founder's plea agreement could result in no prison time and no additional fines beyond the forfeiture, pending court approval.

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https://decrypt.co/310816/gotbit-founder-forfeits-23m-crypto-market-manipulation-plea-deal

Elon Musk’s Grok AI Is Turning Against Him, Telling X Users He Spreads Misinformation

X's chatbot Grok, built to be "truth-seeking," is telling users That Elon Musk is the world’s biggest source of disinformation and suggesting that Trump might be a Russian asset.

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https://decrypt.co/310771/elon-musks-grok-ai-is-turning-against-him-telling-x-users-he-spreads-misinformation

Crypto Transactions Link Chinese Fentanyl Suppliers to Mexican Cartels: Chainalysis

On-chain evidence has tied Chinese labs to Mexican drug distributors, along with the seizure of roughly $5.5 million in crypto.

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https://decrypt.co/310808/crypto-transactions-chinese-fentanyl-suppliers-mexican-cartels-chainalysis

First Solana Futures ETFs in US Set to Begin Trading Thursday

Volatility Shares’ ETFs tracking Solana futures are set to debut in the U.S. on the Nasdaq on Thursday, the company confirmed to Decrypt.

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https://decrypt.co/310710/first-solana-futures-etfs-us-begin-trading

Bitcoin Wavers as Fed Projects Two Rate Cuts in 2025, Holds Rates Steady

The U.S. central bank’s “dot plot” forecast the same number of rate cuts as it did in December.

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https://decrypt.co/310718/bitcoin-wavers-as-fed-holds-rates-steady

Bitcoin Price Steady on Bank of Japan Interest Rate Decision, as Fed Speech Looms

The Bitcoin price was largely unmoved as Bank of Japan voted unanimously to leave its interest rate unchanged. Will the Fed do the same?

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https://decrypt.co/310597/bitcoin-unmoved-powell-speech

Standard Chartered: Coinbase 'Proactively Sold' $37 Million of Ethereum in Q4

The multinational bank has slashed its 2025 price target for ETH, citing profit taking on the part of the crypto exchange.

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https://decrypt.co/310637/standard-chartered-coinbase-proactively-sold-37-million-of-ethereum-in-q4

North Carolina Eyes Bitcoin as Strategic Reserve Asset in New Senate Bill

The bill calls for the state’s Treasurer to allocate up to 10% of public funds to Bitcoin as part of a “financial innovation strategy.”

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https://decrypt.co/310598/north-carolina-eyes-bitcoin-as-strategic-reserve-asset-in-new-senate-bill

Coinbase Introduces KYC-Verified Liquidity Pools for DeFi Swaps and Trades

Coinbase is positioning its latest product as a safer way to engage with DeFi for both retail and institutional clients.

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https://decrypt.co/310586/coinbase-introduces-kyc-verified-liquidity-pools-for-defi-swaps-and-trades

BitClout Founder Dodges Fraud Charge as Justice Department Scraps Case

The Department of Justice has dropped its case against the founder of crypto social network BitClout, following the SEC's earlier move.

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https://decrypt.co/310495/justice-dept-drops-bitclout-charges

What is a Multi-Sig Wallet? A Beginner’s Guide

Multi-signature wallets boost security for crypto treasuries by requiring several parties to approve a transaction instead of just one.

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https://decrypt.co/resources/what-is-a-multi-sig-wallet-a-beginners-guide

Meme Coin Launchpad Four.Meme Falls Victim to Another Exploit

The attack was the second in two months, on this occasion exploiting a “critical flaw” in Four.Meme’s liquidity mechanism.

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https://decrypt.co/310388/meme-coin-launchpad-four-meme-falls-victim-to-another-exploit

Yield-Bearing Stablecoins Will Underpin New Financial Architecture: Coinshift CEO

The next evolution of stablecoins represents a trillion-dollar opportunity, argues Coinshift CEO Tarun Gupta.

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https://decrypt.co/310194/yield-bearing-stablecoins-will-underpin-new-financial-architecture-coinshift-ceo

OKX Pauses DEX Aggregator to Address Security Concerns

In response to the security threats, OKX has implemented a hacker address detection system and a mechanism to block suspicious addresses.

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https://decrypt.co/310106/okx-pauses-dex-aggregator-to-address-security-concerns

Layer-2 Networks are 'Consolidating' Around Tech Stacks as Pectra Upgrade Looms

Tthe OP Stack has remained dominant, with "bridge abstraction" volume surging ahead of Ethereum's next major upgrade.

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https://decrypt.co/310104/layer-2-networks-are-consolidating-around-tech-stacks-as-pectra-upgrade-looms

FalconX Carries Out ‘First’ CME Group Solana Futures Block Trade

The private block trade was done ahead of a futures launch as CME prepares for a possible Solana ETF, expected by some to occur this year.

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https://decrypt.co/310098/falconx-carries-out-first-cme-group-solana-futures-block-trade

Here's What US Stock Futures Say About Bitcoin's Next Move

Traders are bracing for further volatility this week as the U.S. futures market begins flashing signs of steeper losses for crypto.

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https://decrypt.co/310096/heres-what-us-stock-futures-say-about-bitcoins-next-move

This Week in Crypto Games: 'Fortnite' Pumps Solana Coin, 'Deadrop' Players Get Refunds

Catch up on this week’s biggest crypto and NFT gaming news and find some weekend reads in our latest roundup.

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https://decrypt.co/309698/this-week-crypto-games-fortnite-solana-coin-deadrop-refunds