Why Ethereum Could Tank Another 25% Before Finding a Bottom: Analysis

If you've been tracking crypto prices over the last couple days, you already know the broader picture: the market is getting hammered. Bitcoin cratered below $67,000, its worst level since April, and ETFs are bleeding. But while things aren’t looking great for Bitcoin in the near term, Ethereum—the second largest crypto asset by market capitalization—is getting hit worse. Ethereum fell below $2,000 on June 2 and hasn't looked back. There are several possible reasons, beyond the typical macroeco...

If you've been tracking crypto prices over the last couple days, you already know the broader picture: the market is getting hammered. Bitcoin cratered below $67,000, its worst level since April, and ETFs are bleeding. But while things aren’t looking great for Bitcoin in the near term, Ethereum—the second largest crypto asset by market capitalization—is getting hit worse. Ethereum fell below $2,000 on June 2 and hasn't looked back. There are several possible reasons, beyond the typical macroeco...

As Oil Moves Higher, Bitcoin Sinks to Lowest Price Since March

The crypto market fell alongside U.S. stocks on Wednesday as oil prices ticked higher on renewed skirmishes in the Middle East, with Bitcoin hitting a more than two-month low. The leading digital asset by market cap dropped 2.4% midday to a recent price of $65,699 after falling as low as $65,590—its lowest price since late March, according to CoinGecko. Ethereum and Solana meanwhile fell about 5% each to $1,830 and $72, respectively. U.S. Central Command reported late on Tuesday that the milita...

The crypto market fell alongside U.S. stocks on Wednesday as oil prices ticked higher on renewed skirmishes in the Middle East, with Bitcoin hitting a more than two-month low. The leading digital asset by market cap dropped 2.4% midday to a recent price of $65,699 after falling as low as $65,590—its lowest price since late March, according to CoinGecko. Ethereum and Solana meanwhile fell about 5% each to $1,830 and $72, respectively. U.S. Central Command reported late on Tuesday that the milita...

World Cup Crypto Scams Are Targeting Soccer Fans, Law Enforcement Warns

Soccer fans should think twice before sending cryptocurrency to anyone offering World Cup tickets online, law enforcement agencies warn. In a post on X on Wednesday, the Los Angeles County Sheriff's Department warned that scammers are using fake World Cup ticket sales, hospitality packages, merchandise offers, streaming services, and betting promotions to steal money and personal information, with cryptocurrency payments among the clearest signs of fraud. “Be cautious of sellers requesting paym...

Soccer fans should think twice before sending cryptocurrency to anyone offering World Cup tickets online, law enforcement agencies warn. In a post on X on Wednesday, the Los Angeles County Sheriff's Department warned that scammers are using fake World Cup ticket sales, hospitality packages, merchandise offers, streaming services, and betting promotions to steal money and personal information, with cryptocurrency payments among the clearest signs of fraud. “Be cautious of sellers requesting paym...

Walrus Memory Enables AI Agents to ‘Actually Learn About Us’: Mysten Labs Co-Founder

Agentic memory is “a mirror of ourselves,” says Kostas Chalkias, Co-Founder and Chief Cryptographer at Mysten Labs, original contributors to Walrus. In an ideal world, that memory should be portable, with AI agents coordinating and carrying context between apps and sessions—but to date they’ve been hamstrung by the limitations of memory. Developers building AI agents have been left to stitch together databases, vector stores, and runtime state, resulting in unreliable systems that struggle to co...

Agentic memory is “a mirror of ourselves,” says Kostas Chalkias, Co-Founder and Chief Cryptographer at Mysten Labs, original contributors to Walrus. In an ideal world, that memory should be portable, with AI agents coordinating and carrying context between apps and sessions—but to date they’ve been hamstrung by the limitations of memory. Developers building AI agents have been left to stitch together databases, vector stores, and runtime state, resulting in unreliable systems that struggle to co...

Mastercard Expands Stablecoin Settlement via Circle's USDC, Ripple's RLUSD and Beyond

Global finance giant Mastercard is pushing stablecoins further into the mainstream with its latest enhancement, which will offer expanded settlement capabilities of credit card transactions via regulated stablecoins like Ripple’s RLUSD and Circle’s USDC.  The firm’s expansion creates options for issuers and acquirers to settle with additional intraday, holiday, and weekend card settlements, as the firm pursues a true 24/7 economy.  “The next phase of stablecoin adoption is about real-world util...

Global finance giant Mastercard is pushing stablecoins further into the mainstream with its latest enhancement, which will offer expanded settlement capabilities of credit card transactions via regulated stablecoins like Ripple’s RLUSD and Circle’s USDC.  The firm’s expansion creates options for issuers and acquirers to settle with additional intraday, holiday, and weekend card settlements, as the firm pursues a true 24/7 economy.  “The next phase of stablecoin adoption is about real-world util...

Stripe Millionaire Loses Bid for Congress to Candidate Backed by Ripple Co-Founder

Saikat Chakrabarti, a founding engineer at payment processor Stripe, lost his bid for Congress in California on Tuesday, failing to muster more votes than Scott Wiener, a candidate significantly backed by Ripple co-founder and Executive Chairman Chris Larsen. With 50% of votes tallied, Democrats Wiener and Connie Chan advanced from an all-party race and were set to square off to succeed Nancy Pelosi as representative for California's 11th Congressional District, per NBC News. As of writing, Cha...

Saikat Chakrabarti, a founding engineer at payment processor Stripe, lost his bid for Congress in California on Tuesday, failing to muster more votes than Scott Wiener, a candidate significantly backed by Ripple co-founder and Executive Chairman Chris Larsen. With 50% of votes tallied, Democrats Wiener and Connie Chan advanced from an all-party race and were set to square off to succeed Nancy Pelosi as representative for California's 11th Congressional District, per NBC News. As of writing, Cha...

Strategy Wanted to 'Inoculate' the Bitcoin Market—Has Its BTC Sale Backfired?

Bitcoin is off to a shaky start in June, dropping roughly 10% from $74,000 to $65,400 as headwinds pile, but the outlook remains firmly fixated on the impact of Strategy’s first BTC sale since 2022. The Bitcoin treasury firm revealed in an 8-K filing Monday that it had sold 32 BTC the previous week, sparking heated debate on crypto Twitter. Michael Saylor's Bitcoin Treasury Firm Strategy Sells 32 BTC for $2.5M The move marked a reversal of Strategy’s long-held “Never sell your Bitcoin” stance, w...

Bitcoin is off to a shaky start in June, dropping roughly 10% from $74,000 to $65,400 as headwinds pile, but the outlook remains firmly fixated on the impact of Strategy’s first BTC sale since 2022. The Bitcoin treasury firm revealed in an 8-K filing Monday that it had sold 32 BTC the previous week, sparking heated debate on crypto Twitter. Michael Saylor's Bitcoin Treasury Firm Strategy Sells 32 BTC for $2.5M The move marked a reversal of Strategy’s long-held “Never sell your Bitcoin” stance, w...

Zcash Completes 'Most Ambitious' Network Upgrade as ZEC Resumes Recent Surge

The Zcash Foundation disclosed Wednesday that it quietly patched a critical flaw in the privacy cryptocurrency's core transaction system, executing a rare emergency network upgrade after a security researcher uncovered a bug that could have allowed bad actors to spend funds they didn't have. The vulnerability, discovered May 29 by independent security researcher Taylor Hornby, resided in the Orchard Action circuit—the cryptographic machinery underpinning Zcash's most advanced privacy pool. The...

The Zcash Foundation disclosed Wednesday that it quietly patched a critical flaw in the privacy cryptocurrency's core transaction system, executing a rare emergency network upgrade after a security researcher uncovered a bug that could have allowed bad actors to spend funds they didn't have. The vulnerability, discovered May 29 by independent security researcher Taylor Hornby, resided in the Orchard Action circuit—the cryptographic machinery underpinning Zcash's most advanced privacy pool. The...

MoonPay Brings Crypto Transactions to Claude and Codex With MoonAgents Desktop App

Claude and ChatGPT can write code—and MoonPay wants to make them trade crypto, too. The crypto payments company on Wednesday launched the MoonAgents desktop app, which allows users to connect Anthropic’s Claude Code and OpenAI’s Codex to crypto wallets, token swaps, prediction markets, and other blockchain services through a visual interface. (Disclaimer: MoonPay Ventures is an investor in Dastan, parent company to an editorially independent Decrypt.) "All that stuff is hidden under the hood fo...

Claude and ChatGPT can write code—and MoonPay wants to make them trade crypto, too. The crypto payments company on Wednesday launched the MoonAgents desktop app, which allows users to connect Anthropic’s Claude Code and OpenAI’s Codex to crypto wallets, token swaps, prediction markets, and other blockchain services through a visual interface. (Disclaimer: MoonPay Ventures is an investor in Dastan, parent company to an editorially independent Decrypt.) "All that stuff is hidden under the hood fo...

Morning Minute: Bitcoin Falls Below $67k as MSTR Plummets

Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. And check out our new daily news show covering all of the top stories in 5 minutes, downloadable on Apple Pod or Spotify. GM! Today’s top news: Crypto majors continue fall, down another 3-5%; BTC at $66,800 Alts post big day led by LIT, WLD, ENA, NEAR and ZEC Coinbase market buys ENA token as the two prepare for new partnership WSJ featur...

Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. And check out our new daily news show covering all of the top stories in 5 minutes, downloadable on Apple Pod or Spotify. GM! Today’s top news: Crypto majors continue fall, down another 3-5%; BTC at $66,800 Alts post big day led by LIT, WLD, ENA, NEAR and ZEC Coinbase market buys ENA token as the two prepare for new partnership WSJ featur...

Trezor Reveals Hardware Wallet Vulnerability, But Funds 'Safe'

Trezor has revealed a vulnerability in its flagship Safe 7 hardware wallet, but affirms that user funds "remain protected" due to the nature of the exploit. The vulnerability was uncovered during an independent security audit by the Ledger Donjon team, which reported a successful "laser fault injection attack" against the TROPIC01 Secure Element chip. It enables an attacker to extract one of three "secrets" that protect a user's PIN, effectively reducing three layers of protection to two. Tropi...

Trezor has revealed a vulnerability in its flagship Safe 7 hardware wallet, but affirms that user funds "remain protected" due to the nature of the exploit. The vulnerability was uncovered during an independent security audit by the Ledger Donjon team, which reported a successful "laser fault injection attack" against the TROPIC01 Secure Element chip. It enables an attacker to extract one of three "secrets" that protect a user's PIN, effectively reducing three layers of protection to two. Tropi...

George Santos Referred to DOJ, CFTC Over State of the Union Kalshi Trades: Report

Two federal agencies are examining trades the pardoned former congressman George Santos allegedly placed on prediction market Kalshi, made against his own attendance at President Donald Trump's State of the Union address while he told the public he planned to show, NPR reported. Kalshi caught the activity, suspended his account, and referred the case to the Commodity Futures Trading Commission and the Department of Justice, two people familiar with the exchange's review told the outlet. Santos p...

Two federal agencies are examining trades the pardoned former congressman George Santos allegedly placed on prediction market Kalshi, made against his own attendance at President Donald Trump's State of the Union address while he told the public he planned to show, NPR reported. Kalshi caught the activity, suspended his account, and referred the case to the Commodity Futures Trading Commission and the Department of Justice, two people familiar with the exchange's review told the outlet. Santos p...

UK Regulator Warns Soccer Clubs Over Unauthorized Crypto Sponsorship Deals

The UK's Financial Conduct Authority has sent letters to football clubs, including those in the Premier League, warning that their sponsorship deals with unauthorized crypto businesses and trading platforms could breach financial services laws and put fans at risk. In the letter, the FCA’s Head of Department - Scams, Promotions, Engagement & Perimeter Fiona Mackinnon-Miller warned that the regulator has “seen an increase in football club partnerships with unauthorised firms, some of which appear...

The UK's Financial Conduct Authority has sent letters to football clubs, including those in the Premier League, warning that their sponsorship deals with unauthorized crypto businesses and trading platforms could breach financial services laws and put fans at risk. In the letter, the FCA’s Head of Department - Scams, Promotions, Engagement & Perimeter Fiona Mackinnon-Miller warned that the regulator has “seen an increase in football club partnerships with unauthorised firms, some of which appear...

Microsoft Reveals '1,000x More Reliable' Quantum Chip as Bitcoin Threat Draws Nearer

Artificial intelligence is helping accelerate quantum computing breakthroughs as researchers race to build machines that could one day challenge the cryptography securing Bitcoin and much of the modern internet. During its annual Build conference on Tuesday, Microsoft unveiled Majorana 2, a new topological quantum chip that it says is 1,000 times more reliable than its predecessor. Microsoft said the chip achieves average qubit lifetimes of 20 seconds, with some lasting as long as one minute. I...

Artificial intelligence is helping accelerate quantum computing breakthroughs as researchers race to build machines that could one day challenge the cryptography securing Bitcoin and much of the modern internet. During its annual Build conference on Tuesday, Microsoft unveiled Majorana 2, a new topological quantum chip that it says is 1,000 times more reliable than its predecessor. Microsoft said the chip achieves average qubit lifetimes of 20 seconds, with some lasting as long as one minute. I...

Cardsmiths' New America250 Trading Cards Have Real Bitcoin, Dogecoin Up for Grabs

Trading card company Cardsmiths has unveiled its latest collection with a patriotic twist: Currency Series 6, developed in collaboration with America250, the congressionally-established organization overseeing the country's 250th anniversary celebrations. The collection, timed to coincide with the semiquincentennial of the Declaration of Independence, features 90 base cards and more than 120 unique designs in total. The cards spotlight historical figures, currencies, markets, and cultural force...

Trading card company Cardsmiths has unveiled its latest collection with a patriotic twist: Currency Series 6, developed in collaboration with America250, the congressionally-established organization overseeing the country's 250th anniversary celebrations. The collection, timed to coincide with the semiquincentennial of the Declaration of Independence, features 90 base cards and more than 120 unique designs in total. The cards spotlight historical figures, currencies, markets, and cultural force...

US Treasury Sanctions Iranian Crypto Exchanges Including Nobitex for Terrorist Financing

The U.S. Treasury Department's Office of Foreign Assets Control designated Nobitex, Iran's largest digital asset exchange, along with three other Iranian cryptocurrency platforms for allegedly facilitating terrorist financing and sanctions evasion. The Treasury Department alleges Nobitex processed more than 50% of all Iranian digital asset inflows in 2025 and facilitated payments tied to Iran's terrorist activities, sanctions evasion efforts, and Islamic Revolutionary Guard Corps-linked transac...

The U.S. Treasury Department's Office of Foreign Assets Control designated Nobitex, Iran's largest digital asset exchange, along with three other Iranian cryptocurrency platforms for allegedly facilitating terrorist financing and sanctions evasion. The Treasury Department alleges Nobitex processed more than 50% of all Iranian digital asset inflows in 2025 and facilitated payments tied to Iran's terrorist activities, sanctions evasion efforts, and Islamic Revolutionary Guard Corps-linked transac...

As Bitcoin Sinks, It's Time for Ethereum to Outperform: Standard Chartered

When Strategy disclosed on Monday that it had sold Bitcoin, the move marked a counterintuitive turning point for Ethereum, according to Standard Chartered’s Geoff Kendrick. Although the second-largest digital asset by market cap has lagged its oldest peer for months, investors’ reaction to Strategy’s liquidation created favorable conditions for Ethereum that could persist, the bank’s head of digital asset research shared in a Tuesday note. After Strategy shaved its stockpile by $2.5 million, Et...

When Strategy disclosed on Monday that it had sold Bitcoin, the move marked a counterintuitive turning point for Ethereum, according to Standard Chartered’s Geoff Kendrick. Although the second-largest digital asset by market cap has lagged its oldest peer for months, investors’ reaction to Strategy’s liquidation created favorable conditions for Ethereum that could persist, the bank’s head of digital asset research shared in a Tuesday note. After Strategy shaved its stockpile by $2.5 million, Et...

Microsoft Says Latest AI Models Beat Claude, Google's Nano Banana

On the first day of the annual Microsoft Build event on Tuesday, the Windows developer unveiled seven new AI models, claiming they outperformed Anthropic's Claude Sonnet 4.6 and Google's Nano Banana 2 in blind testing and image-editing benchmarks. The claim comes as Microsoft attempts to establish itself as a frontier AI developer rather than solely OpenAI's largest backer and infrastructure provider. "Super excited to announce seven new world-class MAI models today," Microsoft AI CEO Mustafa S...

On the first day of the annual Microsoft Build event on Tuesday, the Windows developer unveiled seven new AI models, claiming they outperformed Anthropic's Claude Sonnet 4.6 and Google's Nano Banana 2 in blind testing and image-editing benchmarks. The claim comes as Microsoft attempts to establish itself as a frontier AI developer rather than solely OpenAI's largest backer and infrastructure provider. "Super excited to announce seven new world-class MAI models today," Microsoft AI CEO Mustafa S...

Strategy Shares Fall for Second Straight Day After $56 Billion Bitcoin Giant Sells BTC

Shares in Bitcoin behemoth Strategy (MSTR) fell more than 9% on Tuesday, continuing a slide following the firm’s $2.5 million BTC sale disclosed on Monday. The firm’s shares closed at $136.08 on Tuesday, now down nearly 15% in the last five trading days and more than 23% on the month.  Its precipitous fall coincides with a steep drop in the price of Bitcoin, which has fallen around 5.8% in the last 24 hours, recently changing hands at $67,288 and more than 46% off its all-time high mark of $126...

Shares in Bitcoin behemoth Strategy (MSTR) fell more than 9% on Tuesday, continuing a slide following the firm’s $2.5 million BTC sale disclosed on Monday. The firm’s shares closed at $136.08 on Tuesday, now down nearly 15% in the last five trading days and more than 23% on the month.  Its precipitous fall coincides with a steep drop in the price of Bitcoin, which has fallen around 5.8% in the last 24 hours, recently changing hands at $67,288 and more than 46% off its all-time high mark of $126...

Microsoft Turns OpenClaw Into an Enterprise AI Agent With Scout

Copilot isn’t enough. Microsoft wants to build an AI that doesn't wait for you to ask it something. Microsoft Scout, announced at Build 2026 today, connects to your Teams messages, Outlook, OneDrive, and SharePoint, then runs in the background doing the coordination work you keep forgetting to do—scheduling meetings across time zones, flagging stalled decisions, blocking calendar time before your deadline ambushes you on a Tuesday afternoon. Meet Microsoft Scout. An always-on agent that keeps...

Copilot isn’t enough. Microsoft wants to build an AI that doesn't wait for you to ask it something. Microsoft Scout, announced at Build 2026 today, connects to your Teams messages, Outlook, OneDrive, and SharePoint, then runs in the background doing the coordination work you keep forgetting to do—scheduling meetings across time zones, flagging stalled decisions, blocking calendar time before your deadline ambushes you on a Tuesday afternoon. Meet Microsoft Scout. An always-on agent that keeps...