Decrypt
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A daily news site covering all things crypto and the decentralized web.
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Did Blur Really Crash the NFT Market?

With prices fading, NFT traders are blaming marketplace Blur and its flipping incentives—as Blur’s founder decries “bad takes.”
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AI Could Unlock the Language of Proteins: Meet Ankh, the Protein Whisperer

In the same way ChatGPT understands language, Ankh understands proteins, creating a pathway to advances in medicine, biology, and energy.
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How Ubisoft, Roblox, and Blizzard Are Using AI to Make Next-Generation Games

Game studios are turning to AI to automate the most tedious elements of development and instantly conjure characters.
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Threads Is Live, as Meta Launches Its Twitter Rival Early

"Hello world" posts are flooding into the timeline of the brand new text-based social network.
This Diamond-Packed Apple Watch Cuff Is Authenticated by an NFT

La Maison Steel debuted the luxury Apple Watch accessories on Tuesday in Paris. They feature an embedded NFC chip tied to a Polygon NFT.
Twitter Awarded Three State Money Transmitter Licenses

It's the latest step toward realizing Elon Musk's vision of an "everything app," the Web3 WeChat of the west.
AI is Okay, But Artists Still Need to Get Paid: Musician Emily Lazar

"This is evolution," she says. "This is going to happen, whether we like it or not."
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The Boldest Blockchain Hacks Ever

In 2022, a record $3.8 billion in cryptocurrency was stolen as a result of targeted attacks and hacks.
CFTC Mulls Filing Fresh Case Against Celsius Network, Former CEO Mashinsky: Report

Celsius' former CEO Alex Mashinsky reportedly misled investors before the crypto lender's spectacular collapse last year.
Tron Launches HackaTron Season 5 Alongside Builder Tour

The fifth season of Tron’s popular hackathon, in collaboration with BitTorrent Chain and Huobi Ventures, kicks off July 6.
Decentralized Twitter Rival Bluesky Announces $8M Fundraise, Paid Services

Twitter competitor Bluesky has announced a $8 million seed round and introduced its first paid service.
Abracadabra Money Mulls Registering DAO as Centralized Legal Body

Abracadabra Money’s team leader had put forward a proposal to form to introduce "a certain degree of centralized legal structure" for its DAO.
Meta’s ‘Twitter Killer’ Threads Onboards Millions, But Snags Some With Fine Print

Meta claims the new text-based app has attracted over 10 million users in its first hours. But it has also committed them to policies that could result in the unwanted deletion of millions of Instagram accounts.
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Eyeball Pool Puts an NFT Twist on the Classic 8-Ball Game

Developed by co-creators of the billion-downloaded 8 Ball Pool, the iOS and Android game will be built on Immutable zkEVM.
DeFi Traders Lost $228 Million to Hackers in 3 Months

The overall number of hacks has increased by 65% and losses from fraud rocketed up by 225%.
Circle Is Now Closer to Launching Its Coinbase Wallet-Building Competitor

The fintech firm is helping developers add crypto wallets to their applications.
Bitcoin Tax Evasion Can’t Be Stopped With Just Anti-Money Laundering: IMF Report

“Whether crypto withers or blossoms, the tax system still needs to deal with it,” the IMF authors wrote.
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Bad Blood? FTX Called It Off With Taylor Swift, Not the Other Way Around: Reports

Taylor Swift reportedly signed the proposed $100 million deal, contrary to previous claims, but NYT sources now say that FTX’s founder backed out.
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Institutions Are Holding More Bitcoin Than Ever Before, Says Ark Invest

Bitcoin balances on over-the-counter trading desks, which Ark Invests uses as a proxy for institutions, is up 60% over the last quarter.
Bitfinex Recovers $314K of the $3.6 Billion Stolen in 2016 Bitcoin Hack

The crypto exchange today announced it had recovered cash and Bitcoin Cash from the notorious hack. But there is still a lot to be recovered.
US Military Is Training AI to Give Orders and Handle State Secrets

How close is AI to making decisions on the battlefield? A U.S. Air Force colonel says tests have been "highly successful" so far.