Author: rb809rb

  • Mastercard, Western Union, Worldpay Building With New Solana Enterprise Platform

    Mastercard, Western Union, Worldpay Building With New Solana Enterprise Platform

    In brief

    • Solana launched an API-driven platform helping enterprises build financial products on its blockchain, with 20+ infrastructure partners integrated at launch.
    • Mastercard, Worldpay, and Western Union are early users, applying it to stablecoin settlement, merchant payments, and cross-border transfers.
    • The platform is live in a test version today, with a trading module and full availability coming later in 2026.

    The Solana Foundation on Tuesday unveiled a new developer platform aimed at making it easier for banks, payments companies, and other financial institutions to build products on its blockchain network, announcing partnerships with three major financial firms at launch.

    The Solana Developer Platform, or SDP, bundles together infrastructure from more than 20 technology partners into a single, API-driven interface designed to lower the technical barriers enterprises typically face when building on blockchain networks. The platform is structured around three core modules covering the issuance of digital assets, payment orchestration, and trading—though the trading module is not expected to go live until later this year.

    Mastercard, Western Union, and Worldpay have joined as early users of the platform, according to the announcement, each deploying it for distinct purposes.

    Mastercard is using SDP to enable stablecoin settlement on the Solana network, while Worldpay, the payments processing giant, is applying it to merchant payments and settlement. Western Union, whose core business has long been cross-border money transfers, is exploring how the platform can extend its existing capabilities onto the blockchain.

    “The next phase of digital asset innovation will be defined by practical use cases that integrate seamlessly with existing financial systems,” said Raj Dhamodharan, Mastercard’s executive VP of blockchain and digital assets, in a statement.

    “As an early user of Solana Developer Platform, we’re helping enable direct stablecoin settlement for customers on select blockchain networks—beginning with Solana—combining the speed and programmability of blockchain with the reliability, security and global reach of the Mastercard network,” he added.

    The platform draws on infrastructure partners across four categories: node infrastructure providers such as Alchemy and QuickNode, custody wallet solutions including Fireblocks and Coinbase, compliance tools from firms like Chainalysis and Elliptic, and payment ramp services. The platform launched in a sandbox environment built on Solana’s test network, with broader availability expected to follow.

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  • ‘Peaky Blinders: The Immortal Man’ Debuts With 25.3 Million Views in Three Days on Netflix

    ‘Peaky Blinders: The Immortal Man’ Debuts With 25.3 Million Views in Three Days on Netflix

    Peaky Blinders: The Immortal Man” reached 25.3 million views in its first three days on Netflix.

    The film, which premiered on March 20, is a continuation of the hit BBC series “Peaky Blinders,” which starred Cillian Murphy and ran for six seasons from 2013 to 2022. The series already had a strong audience on Netflix, which holds the streaming rights in the U.S. and various territories outside of the U.S., and the new film easily became the most-watched title on Netflix during the week of March 16-22.

    The No. 2 title of the week, leading the non-English TV chart, was “BTS The Comback Live: Arirang,” which debuted on March 22 and hit 13.1 million views before the viewing window ended that night. With a full day of viewing accounted for, the live K-pop concert special hit 18.4 million viewers.

    For the second week in a row, the No. 1 title on the English-language TV chart, was “One Piece” Season 2. The series hit 11.1 million views in its first full week of availability after debuting with 16.8 million views in four days. Season 1 also reappeared on the chart in the No. 4 position.

    More to come…

  • ‘School Spirits’ Renewed for Season 4 at Paramount+

    ‘School Spirits’ Renewed for Season 4 at Paramount+

    School Spirits” has been renewed for Season 4, Variety has learned.

    The third season of the Paramount+ supernatural horror drama aired its finale on March 4 after it originally premiered on Jan. 28.

    The official logline for the show states, “‘School Spirits’ is centered around Maddie (Peyton List), a teen girl stuck in the afterlife investigating her own mysterious disappearance. Maddie goes on a crime-solving journey as she adjusts to high school purgatory, but the closer she gets to discovering the truth, the more secrets and lies she uncovers.”

    Along with List, the series stars Kristian Ventura as Simon Elroy, Spencer MacPherson as Xavier Baxter, Kiara Pichardo as Nicole Herrera, Sarah Yarkin as Rhonda, Nick Pugliese as Charley, Rainbow Wedell as Claire Zomer, Josh Zuckerman as Mr. Martin, Maria Dizzia as Sandra Nears, Ci Hang Ma as Quinn, Miles Elliot as Yuri, and Milo Manheim as Wally Clark.

    “School Spirits” was created by Nate Trinrud and Megan Trinrud. Both serve as co-showrunners and executive producers as well.

    School Spirits was created by Nate Trinrud & Megan Trinrud, who are co-showrunners and executive producers on the series. Oliver Goldstick, who was previously an executive producer and co-showrunner on the show, will return as a consultant on Season 4. List serves as an executive producer in addition to starring. Paramount Television Studios produces.

    In an interview for the Season 3 finale, Megan teased what fans can expect for Season 4 after [SPOILER ALERT] the barrier that keeps the ghosts on the Split River campus has disappeared.

    “What I find genuinely interesting is being stuck somewhere for so long and then being released into the world — only to realize how hard it is to exist in that huge space again. The world has changed. Split River as a school is a very tight little environment. What’s out there is very different, and I think it will be a real shock.”

  • XRP vs. History: After a -23% Start to 2026, Can Q2 Repeat 2017’s Success?

    XRP vs. History: After a -23% Start to 2026, Can Q2 Repeat 2017’s Success?

    $XRP is finishing the first quarter on an ambiguous note. Despite local success in March, the overall performance at the start of the year requires a close look at historical patterns before entering the second quarter. A look at $XRP’s return table by CryptoRank over the past 13 years shows that the second quarter is rarely neutral. It is a time of either explosive growth or deep market cleansing.

    Q2 for $XRP: Bearish filter or bull trap?

    The most striking example remains Q2, 2017, when the asset posted an incredible gain of +1,109%. In 2025, last year, the second quarter closed in modest but confident positive territory at +7.12%. However, investors should also remember 2022, when Q2 delivered a decline of -59.4%.

    Article image

    The first quarter of 2026 is approaching its end with a negative result of -23.7%. In $XRP’s history, such “red” first quarters have often preceded attempts at recovery in April-June:

    • April, the month of hope: The average April return stands at a record +24.8%. History includes years of explosive growth, such as in 2021 (+174.1%) and 2017 (+137.3%).
    • May, extreme swings: This month tends to show either massive gains (+378.1% in 2017) or serious corrections, as seen in 2021 and 2022. The average figure remains high at +25.1%.
    • June, the cooling period: Unlike the beginning of the quarter, June has historically been weaker, with an average result of -5.10%.

    Considering that 2025 closed largely in the “red zone” from September to December, and the beginning of 2026 continued the downward trend, the market is currently in an oversold state.

    For $XRP, the second quarter of 2026 is a moment of truth, with two possible outcomes clear:

    • Bullish scenario: Based on April’s median return (+2.05%) and average (+24.8%), $XRP price has every chance to close the next month in positive territory, breaking the streak of underperformance.
    • Conservative scenario: If $XRP fails to overcome the pressure from the start of the year, a repeat of 2024 may occur, when a weak March was followed by a deep April decline (-20.8%).
  • Critical Claim from the XRP Treasury: “The Recent Ruling in the U.S. Is a Perfect Fit for XRP”

    Critical Claim from the XRP Treasury: “The Recent Ruling in the U.S. Is a Perfect Fit for XRP”

    As new developments regarding cryptocurrency regulations in the US continue unabated, Evernorth, a treasury firm focused on $XRP, drew attention to the recent decision of the Commodity Futures Commission (CFTC).

    The company stated that this development could be a significant milestone, particularly for self-custody solutions.

    Evernorth’s statement highlighted a significant step taken last week, overshadowed by the Securities and Exchange Commission’s (SEC) commodity classification decision. According to the statement, the CFTC issued a “letter of inaction” for the first time to a self-custody crypto wallet software provider. The company summarized the fundamental principle behind this decision as, “If you don’t hold client funds, you’re not a financial intermediary.” This approach, it was stated, clarifies the distinction between crypto infrastructure providers and traditional intermediaries.

    Evernorth also argued that this framework aligns with $XRP’s design philosophy. The statement noted that transactions in the $XRP ecosystem occur directly on the chain, rather than through a central counterparty, suggesting that this structure could provide regulatory advantages.

    The company argued that $XRP was “perfectly suited” for this development.

    *This is not investment advice.

  • Meghan Markle, Prince Harry Developing Polo Scripted Drama at Netflix

    Meghan Markle, Prince Harry Developing Polo Scripted Drama at Netflix

    Netflix is exploring another team-up with Prince Harry and Meghan Markle’s Archewell Productions on a series about polo.

    After working with the couple on the 2024 docuseries Polo, the streamer is developing a scripted drama revolving around the sport, The Hollywood Reporter has confirmed. The series is being produced by Archewell and the company from Gossip Girl creators Josh Schwartz and Stephanie Savage, Fake Empire. The former royals are set to executive produce.

    The drama, which is being framed as a story about the rivalry between two teams in the tony “horse town” of Wellington, Florida, is penned by Warrior and Monarch writer Francisca X. Hu. Deadline was the first to report the project.

    Still, the story arrived after the streamer downgraded its deal with the pair from an overall deal to a first-look deal and exited Markle’s lifestyle brand As Ever as a business partner.

    At a press event on Wednesday, Netflix chief content officer Bela Bajaria pushed back on a story in Variety alleging a “falling out” between the couple and the streaming giant. “I would say don’t believe whatever you read,” she said. “We still have a relationship with them, we have movies in development with them, we have an amazing doc with them, they have things in development on the TV and film side.”

    The announcement, then, is timely for Archewell. The couple’s last polo-themed project with Netflix, Polo, which premiered on Dec. 10, 2024, did not blow ratings out of the water when it was first released. According to Netflix’s engagement reports for the second half of 2024 and first half of 2025, Polo earned just 1.1 million views and 4.5 million hours viewed during that period.

  • Jay-Z Breaks Silence on Dropped Sexual Assault Lawsuit and Wading Through Rap’s Toxic Era

    Jay-Z Breaks Silence on Dropped Sexual Assault Lawsuit and Wading Through Rap’s Toxic Era

    Rap legend and entertainment mogul Jay-Z sat down with GQ for an interview published on Tuesday as part of his first cover story in nearly a decade, and the hip-hop king and Roc Nation CEO was game to look back on a turbulent year: over the interview for a special 30 years of Jay-Z issue, he addresses the fury he felt about rape allegations leveled against him in a now-dismissed lawsuit, weighs in on the toll from the Kendrick Lamar–Drake rap battle, and shares some new details about his daughter with Beyonce, Blue Ivy.

    The wide-ranging interview arrives as two of the rapper’s seminal early albums — his 1996 debut Reasonable Doubt and 2001’s The Blueprint — turn 30 and 25, respectively; he will honor the records that launched his massive career with two shows at Yankee Stadium this summer. Remarkably, in a music scene that can be fickle and tension-filled, Jay-Z has remained a constant across generations. While he’s released relatively little music over the past decade, he’s been busy elsewhere. Roc Nation has transformed the Super Bowl halftime show from the world’s biggest stage into a massive cultural conversation year after year.

    But in late 2024, the internet — particularly the online hip-hop community — was abuzz over the federal indictment of Sean “Diddy” Combs and reports about his alleged “freak-off” parties. As speculation swirled about which celebrity might be named next, a lawsuit was filed in October in the Southern District of New York naming Jay-Z, whose real name is Shawn Carter. The allegation was heinous: the complaint claimed that decades earlier, Diddy and Jay-Z had raped a 13-year-old girl on the former’s property after that year’s MTV Video Music Awards. The case emerged amid a wave of civil accusations against Diddy following his federal indictment on sex trafficking and racketeering charges.

    Livid over what he says was a baseless accusation, Jay-Z fought the case with intense focus. Watching a contemporary’s reputation disintegrate, he understood how even an allegation can permanently damage a public image. After several months of legal back-and-forth, the accuser dropped the case.

    He told GQ about the draining experience in a sit-down that took place over two two-hour sessions.

    “It was hard. Really hard,” Jay-Z said, referring to the legal fight. “I was heartbroken. I’m glad we got right to that so we could get that out the way. I was really heartbroken by everything that occurred. We’re in a space now where consequence is not thought about enough, because everything is so instant.”

    “That whole [lawsuit], that shit took a lot out of me. I was angry. I haven’t been that angry in a long time — uncontrollable anger. You don’t put that on someone. That’s something you better be super sure about. It used to be like that. There was a line: no women, no kids. Those are things I took from the street. We lived and died by that. So it’s strict for me, like it meant a lot to me.”

    The rap icon said he always believed he would prevail: “It’s not true. And the truth, at the end of the day, still reigns supreme.”

    For the mogul, the turbulence continued into 2025. Roc Nation’s Super Bowl pick, Grammy winner Kendrick Lamar, was both a controversial choice as the first solo rap headliner and in the midst of a high-profile feud with Drake. Jay-Z described the moment as exhausting and overly toxic.

    “We love the excitement and the sparring, but in this day and age there’s so much negative stuff that comes with it that you almost wish it didn’t happen,” he said.

    “It’s too far. It’s bringing people’s kids into it. I don’t like that. I sound like the old guy wagging his finger, but I think we can achieve the same thing — as far as sparring with music — through collaboration more than tearing everything apart. Back then, you had the battle, it was fun, and you moved on. Now, I don’t know if it can hold up with the technology we have.”

    Lamar ultimately emerged as the clear victor of the feud with his track “Not Like Us,” later delivering a widely watched and lauded Super Bowl performance.

    “I chose the guy who was having a monster year. It was the right choice. What do I care about those two guys battling? What’s that got to do with me? Have at it. People drag everyone into it, like there’s some conspiracy to undermine Drake. It’s like, what the fuck? I’m Jay-Z!” he said, laughing.

    The controversy proved a prelude to the next halftime selection, international superstar Bad Bunny, which sparked political backlash from some right-wing figures, including President Trump. Jay-Z stood by the decision, emphasizing his broader vision for the platform.

    “I think everyone should experience music in its totality. For a lot of years, only one side of music was represented. We had the opportunity to create a more balanced picture of what popular music is today. These are the biggest artists in the world. I didn’t pick some indie artist from Portland. This is the most-streamed artist globally. It’s like, ‘Let’s let him play,’” he said. “It’s Rihanna!” he added with a laugh.

    Jay-Z also spoke about his home life with his wife, Beyoncé, and their three children. Their eldest, Blue Ivy, is already showing musical promise — she plays piano and joined her mother on tour supporting Cowboy Carter.

    “Blue is a crazy pianist, but she won’t let us get her a teacher,” he said. “She doesn’t want it to feel like a job. But she has perfect pitch. If she hears a song, she’ll say, ‘Play it again,’ and then teach herself. That’s just talent. She worked at performing, though, and it makes me proud. I don’t think we’re getting her off that stage anytime soon.”

    Despite a year where he was hit on multiple fronts but never knocked down, rap’s reigning king remained standing. And it seems like his family was what helped him get through the darkest days.

    “It gives everything meaning, everything. I’ll go cross-country, do what I have to do, and I’m back on the plane that night,” he said. “I love taking them to school. I love picking them up. Everything means so much more.”

  • When are UEFA’s World Cup 2026 playoffs, and which nations are involved?

    When are UEFA’s World Cup 2026 playoffs, and which nations are involved?

    The final qualification spots for the FIFA World Cup 2026 are about to be sealed via UEFA and intercontinental playoffs.

    With the FIFA World Cup 2026 kicking off on June 11, the final spots that are still up for grabs are being fiercely fought by nations in qualifiers around the globe.

    The last governing body to complete their continental playoff route is UEFA, with four European spots still up for grabs at the showpiece event.

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    Thereafter, FIFA’s Play-Off Tournament – an intercontinental competition – will provide the last-chance saloon for two more of the best non-qualified finishers from the other continental processes around the globe.

    Al Jazeera Sport takes a look at UEFA’s final continental playoff path as that draws to a close.

    Which UEFA teams are still in with a chance of World Cup qualification?

    There will be more European teams than from any other continent at the World Cup: 16.

    There are still 16 European teams, meanwhile, vying for the final four of the UEFA qualifying positions for the World Cup:

    • Italy, Northern Ireland, Wales, Bosnia and Herzegovina, Ukraine, Sweden, Poland, Albania, Slovakia, Kosovo, Turkiye, Romania, Denmark, North Macedonia, Czechia and the Republic of Ireland

    Which UEFA teams have already qualified for the World Cup?

    The 12 European teams that have already qualified for the World Cup are:

    • Germany, Switzerland, Scotland, France, Spain, Portugal, the Netherlands, Austria, Norway, Belgium, England, and Croatia

    What is the pathway to the World Cup for the remaining UEFA teams?

    The remaining teams are divided into four paths. Only the winner of each path will qualify:

    Path A:

    • Italy vs Northern Ireland and Wales vs Bosnia and Herzegovina
      The winner of this path joins World Cup Group B (with Canada, Qatar, and Switzerland).

    Path B:

    • Ukraine vs Sweden and Poland vs Albania
      The winner of this path joins World Cup Group F (with the Netherlands, Japan, and Tunisia).

    Path C:

    • Slovakia vs Kosovo and Turkiye vs Romania
      The winner of this path joins World Cup Group D (with USA, Paraguay, and Australia).

    Path D:

    • Denmark vs North Macedonia and Czechia vs Republic of Ireland
      The winner of this path joins World Cup Group A (with Mexico, South Africa, and South Korea).

    When are the first set of UEFA playoffs for World Cup qualification?

    The first round of pathway matches will be played by the 16 remaining teams on March 27, and are single-leg semifinals.

    When are the second set of UEFA playoffs for World Cup qualification?

    The second round of pathway matches will be played on March 31, with the four winners of each pathway final progressing to the FIFA World Cup 2026. These matches will also be played over a single leg.

    How have the UEFA qualifiers reached this stage?

    The four final UEFA qualifying places are being decided by the teams that were the 12 runners-up from the group qualifying stage and four based on performances in the UEFA Nations League.

    How were the home teams decided for the UEFA playoffs?

    The highest-ranked teams are hosting the semifinals. The hosts of the finals were determined by a draw.

    Pressure on Italy as playoff hopefuls eye 2026 World Cup

    There is no doubt that Italy are the biggest name not amongst those nations that have already qualified.

    The four-time champions are seeking to avoid the ignominy of missing out on a World Cup for a third consecutive time.

    The spotlight has been on the Italian domestic league, Serie A, for falling behind the other leagues on the continent with their clubs struggling to compete in European competitions.

    There will be no greater evidence of Italian football’s fall from grace, however, than the failure to reach the finals.

    “It’s undeniable that there’s nervousness,” coach Gennaro Gattuso said. “Only someone without blood running through their veins wouldn’t feel it.”

    Will there be any more qualifiers for the World Cup after UEFA’s?

    Yes. There is a different format for the intercontinental playoffs, which FIFA simply calls the Play-Off Tournament.

    Two teams will advance from a field of six.

    The lineup of teams was comprised of two nations from CONCACAF (Jamaica, Suriname) and one each from Asia (Iraq), Africa (DR Congo), South America (Bolivia) and Oceania (New Caledonia).

  • Morning Minute: Saylor Gains Access to Another $44B to Buy Bitcoin

    Morning Minute: Saylor Gains Access to Another $44B to Buy Bitcoin

    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 or less, downloadable on Apple Pod or Spotify.

    GM!

    Today’s top news:

    • Crypto majors grind higher, SOL leads; BTC +1% at $71k
    • Saylor gets access to another $42B+ in MSTR and STRC ATM programs
    • Congressmen introduce bipartisan bill banning sports betting in pred markets
    • Polymarket introduces referral program and new fee structure
    • Elizabeth Warren comes after Mr. Beast’s new banking app and potential crypto tie in

    ₿ Strategy Unveils a $44B Equity Plan to Buy More Bitcoin

    Strategy said it can now issue $44 billion in additional equity to fund future Bitcoin purchases, split across $21 billion of common stock (MSTR), $21 billion of STRC, and $2.1 billion of STRK.

    The move is designed to keep feeding Strategy’s Bitcoin-buying machine, even as the pace of purchases briefly slowed.

    Notably, STRC accounts for nearly half of the total authorization. The company recently boosted STRC’s monthly dividend to 11.5%, leading to a spike in demand that helped fuel Saylor’s large buys earlier this month.

    Bitcoin did not react to the news, holding at $70,500 on the day.

    Key Details

    • Strategy can issue $44B in fresh equity.
    • The authorization includes $21B MSTR, $21B STRC, and $2.1B STRK.
    • STRC has enabled Strategy to raise more than $1.5B this month.

    🏛 Congress Moves to Ban Sports Bets on Prediction Markets

    The Wall Street Journal reported that lawmakers are preparing a bipartisan bill to ban sports betting on prediction market platforms.

    That would directly target one of the fastest-growing use cases for firms like Kalshi and Polymarket, both of which have pushed aggressively into sports-related markets.

    For context of how big this is, Kalshi’s weekly sports volume makes up 70-85% of its total handle and Polymarket’s sports volume is 35-40% of its total.

    And the timing is notable, with Kalshi fresh off the news of its latest $22B fundraise.

    State gaming regulators argue these products are sports betting and should be treated like gambling. The platforms argue they are federally regulated event contracts and belong under derivatives oversight instead.

    Congress now appears ready to test that question directly with legislation.

    Key Details

    • WSJ reported the bill would be bipartisan and would target sports bets on prediction markets, not the entire category.
    • Kalshi’s sports volume makes up 70-85% of its total volume across platforms.
    • The timing is notable because prediction markets have just had a major momentum streak, with large new partnerships, rising volumes, and fresh private-market funding.

    🕵️ Polymarket and Kalshi Make Series of Announcements

    It was a busy day for prediction markets, beyond the WSJ report of the new bipartisan bill.

    Polymarket previously hyped a big announcement coming Monday, and it delivered…a new referral program. They also bundled in a new fee structure, varying by market sector and probability with a peak fee of 1.8% (for crypto markets).

    Polymarket also updated its insider-trading rules and emphasized a “multi-layered monitoring system” for suspicious activity, while Kalshi has also been tightening controls as the sector faces more political and regulatory attention.

    Kalshi is banning athletes, coaches and politicians from betting on their own markets in an effort to prevent insider trading.

    And Polymarket recently said it is working with Palantir to build surveillance systems for sports-focused prediction markets.

    Key Details

    • Polymarket’s new referral program includes traders >$10k in volume and will include up to 30% rewards
    • Polymarket’s new fee structure varies by market type and peaks at 1.8%
    • Kalshi banned athletes, coaches and politicians from trading

    🏀 Coinbase Users Blast March Madness Push Notifications

    Coinbase users complained after receiving repeated March Madness push notifications encouraging them to make sports-related predictions. The backlash on X got large enough to become a trending topic, with multiple users arguing the notifications felt more like sports-gambling ads than a normal crypto exchange experience.

    Coinbase’s app homepage was prominently featuring March Madness promotion at the top of the screen, while some users said they were getting several notifications a day.

    Coinbase CEO Brian Armstrong replied that the criticism was “a fair point” and said more customization options would be added.

    Key Details

    • Users complained about receiving multiple push notifications per day.
    • Coinbase’s app homepage was also featuring a March Madness ad prominently.
    • Armstrong responded publicly and promised more customization options.

    🧒 Elizabeth Warren Presses MrBeast Over Crypto in a Teen Banking App

    Senator Elizabeth Warren is pressing Beast Industries over whether crypto could be pushed through Step, the teen-focused banking app tied to MrBeast.

    Warren sent a 12-page letter focused on Step’s previous crypto activity and raised concerns about how a large youth audience could be exposed if crypto features returned.

    Step had previously marketed itself as the first U.S. platform to let teens, with parental consent, buy digital assets such as Bitcoin, and later expanded that access to dozens of crypto assets and NFTs.

    Key Details

    • Warren’s letter is 12 pages long and focuses heavily on Step’s prior crypto activity.
    • Step previously let teens buy crypto with parental consent.
    • Beast Industries recently received a $200M investment from BitMine.

    🌎 Macro Crypto and Markets

    • Crypto majors are slightly green after yesterday’s major bounce; BTC +1% at $71k; ETH +2% at $2,165; SOL +3% at $92
    • APT (+12%), TAO (+11%), and ZRO (+8%) led top movers
    • Oil held steady at $90; Gold also flat at $4,410
    • Nasdaq partnered with institutional crypto infra firm Talos to connect crypto trading and risk tools with its Calypso platform, the same system banks and funds use to manage collateral and surveillance across stocks and bonds
    • Former Kalshi employees are raising $35M for a new prediction market venture fund, backed by both the Kalshi and Polymarket CEOs
    • ParaFi Capital raised $125M for a new venture fund focused on stablecoins, tokenization, and institutional on-chain finance

    Corporate Treasuries & ETFs

    Meme Coin Tracker

    • Meme majors were mixed; DOGE +2%, SHIB +1%, PEPE +1%, TRUMP flat, PENGU flat, SPX -1%, FARTCOIN -3%
    • 7 Wanderers (+75x), Punch (+50%), LOL (+40%) and testicle (+33%) led top movers

    💰 Token, Airdrop & Protocol Tracker

    • Polymarket introduced a new referral program with 30% rewards for direct referrals and 10% for indirect and hinted at eligibility for “all future rewards” along with a new fee structure for its markets
    • MoonPay released its OpenWallet Standard as open source, a unified protocol that lets AI agents handle keys, wallets, and transaction signing across all major blockchains
    • The Backpack Exchange token launched yesterday, opening at $400M FDV before falling to $200M; Mad Lads received a BP token airdrop
    • Balancer Labs is winding down six months after a November exploit drained $128M across six blockchains in 30 minutes from its V2 Vault contract

    🚚 What is happening in NFTs?

    • NFT leaders were mostly mixed; Punks -3% at 28.5 ETH, Pudgy +1% at 4.15 ETH, BAYC +4% at 5.35 ETH; Hypurr’s +1% at 405 HYPE
    • Normies (+60%) led notable movers
    • Pudgy World officially lau

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  • Bittensor Leads AI Altcoin Surge as Short Squeeze, Conflicting Iran Talks Claims Fuel Volatility

    Bittensor Leads AI Altcoin Surge as Short Squeeze, Conflicting Iran Talks Claims Fuel Volatility

    In brief

    • Bittensor’s TAO led an AI altcoin surge as geopolitical tensions briefly eased following Trump’s announcement of a pause in planned strikes against Iran’s energy infrastructure.
    • Iran subsequently denied that talks had taken place, triggering a whipsaw in prices and liquidating roughly $670 million in leveraged crypto positions over 24 hours.
    • Conflicting Iran signals fuel risk aversion, testing Bitcoin’s store-of-value narrative, Decrypt was told.

    AI-focused altcoins led a market-wide rally Tuesday after U.S. President Donald Trump announced that he would “postpone” planned strikes on Iran’s energy infrastructure, triggering a cascade of short liquidations.

    Bittensor’s TAO token jumped 10.2%, while Artificial Superintelligence Alliance (FET) and Render (RENDER) gained 6.2% and 4.8%, respectively, over 24 hours. Aptos (APT), LayerZero (ZRO), and World Liberty Financial (WLFI) also posted significant moves as the total crypto market cap topped $2.5 trillion, according to CoinGecko data.

    The immediate catalyst was President Donald Trump’s announcement of a five-day pause on strikes against Iran’s power plants, along with claims of “productive conversations” between the U.S. and Iran. Trump’s statement sent oil prices tumbling over 13%, sparking a relief rally across risk assets.

    However, Iran’s foreign ministry said there was “no dialogue” between Tehran and Washington, a statement subsequently echoed by Iran parliament speaker Mohammad Bagher Ghalibaf. The remarks sparked a volatile environment that sent oil back over $100 a barrel and led to over $670 million in liquidations across the crypto market over a 24 hour period. Short positions accounted for $370 million—more than half of the total.

    That short squeeze propagated “hardest into higher-beta names where positioning was already most compressed,” Derek Lim, head of research at crypto market-making firm Caladan, told Decrypt.

    He also pointed to Nvidia CEO Jensen Huang’s GTC conference last week as a second catalyst. The convergence of the two events added tailwinds to the AI sector, he said.

    Despite the sharp gains, a broad-based altcoin rally remains unlikely, Decrypt previously reported. Instead, any “alt season” is expected to mature and be limited to a narrow sector of narrative- and fundamental-driven tokens.

    Looking ahead

    “Conflicting statements around the Iran war are increasing uncertainty, which fuels risk aversion,” Illia Otychenko, lead analyst at cryptocurrency exchange CEX.IO, told Decrypt. “That uncertainty is keeping oil prices elevated and lowering expectations for rate cuts.”

    For now, with both oil prices and Treasury yields rising, inflation remains a key concern, he said. That dynamic is “not that bad for Bitcoin due to its store-of-value narrative.”

    Still, Bitcoin continues to hold steady around $71,000 and is up 0.3% over the past 24 hours, according to CoinGecko data.

    Otychenko warned that the bigger risk would be if oil prices and Treasury yields start moving in different directions. “That would create a more complex macro backdrop that could test Bitcoin’s store-of-value narrative as it would put significant pressure on most assets except bonds and the U.S. dollar.”

    Users on prediction market Myriad, owned by Decrypt’s parent company Dastan, reflected the growing uncertainty, assigning only a 44% chance to a spring crypto rally.

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