Category: Business

  • Binance Founder CZ Praises Another Cryptocurrency Project

    Binance Founder CZ Praises Another Cryptocurrency Project

    Another notable acquisition has taken place in the cryptocurrency sector. A prediction market platform…

    PredictFun announced the strategic acquisition of the on-chain prediction platform Probable. While the financial details of the deal were not disclosed, Binance founder Changpeng Zhao (CZ), a leading figure in the industry, also shared a message of support regarding the development.

    CZ expressed his positive view of the agreement in a statement on social media, saying, “Congratulations, it’s great to see two powerful projects joining forces.”

    Probable, the acquired company, is known as an on-chain prediction platform that initially received investment from PancakeSwap and YZi Labs. The platform offers a structure that allows users to trade based on probability predictions for various events.

    Launched in December 2025, PredictFun quickly achieved a significant trading volume. According to platform data, over 120,000 users have conducted transactions totaling $1.5 billion to date. During the same period, over 3.3 million transactions were recorded on the platform.

    Following the acquisition of Probable, PredictFun aims to strengthen its infrastructure technology and make its market structure more efficient. The company states that this merger will enable it to improve its technological architecture, increase transaction efficiency, and optimize capital utilization.

    *This is not investment advice.

  • U.S.-Iran War: Crypto Market Rebounds as Iran Reportedly Reaches Out To U.S. To End Conflict

    U.S.-Iran War: Crypto Market Rebounds as Iran Reportedly Reaches Out To U.S. To End Conflict

    The crypto market has rebounded today, with Bitcoin rallying above $71,000 for the first time since the start of last month. This comes as tensions between the U.S. and Iran ease, with reports that Iran had reached out to the U.S. to end the ongoing conflict.

  • US Giant Exchange Achieves What No Other Cryptocurrency Company Has Could: Receive FED Approval!

    US Giant Exchange Achieves What No Other Cryptocurrency Company Has Could: Receive FED Approval!

    According to the Wall Street Journal, the cryptocurrency exchange Kraken has received approval for its ‘master account’ with the US Federal Reserve.

    Accordingly, Kraken, the second-largest cryptocurrency exchange in the US, achieved something no other cryptocurrency company had ever done before: gaining access to the FED.

    At this point, Kraken became the first cryptocurrency company to gain access to the Fed’s core payment system, thus announcing that it could transfer money through the same payment channels used by thousands of US banks and credit unions.

    This account gives Kraken direct access to the Fed’s payment channels, but not to the Fed’s credit facilities. Therefore, Kraken does not become a bank with this approval.

    According to the limited-purpose or “narrow scope” master account framework proposed by Federal Reserve Board member Christopher Waller, a company can hold reserves and make payments with central bank money, but cannot lend money, access the Fed’s interest rate facilities, or operate as a traditional commercial bank.

    At this point, according to sources, the Kraken endorsement was designed as a “pilot” program to test the narrow scope of the master account concept.

    This situation could lead to an increase in FED master account applications from other cryptocurrency companies as well. Besides Kraken, Wyoming-based Custodia Bank, Anchorage Bank, and Ripple, which have long sought FED access and have been suing the FED since 2022, have also applied for master accounts.

    Wyoming Republican Senator Cynthia Lummis described this move as a historic milestone for cryptocurrencies.

    *This is not investment advice.

  • X Warns Against Creator Payouts Over Undisclosed AI War Videos

    X Warns Against Creator Payouts Over Undisclosed AI War Videos

    In brief

    • X’s product head, Nikita Bier, said creators posting undisclosed AI-generated war videos will lose access to the platform’s revenue-sharing program for 90 days.
    • The policy targets AI-generated footage that could mislead users during wartime.
    • Researchers and governments have warned that deepfakes could spread propaganda and misinformation online.

    Elon Musk’s social media platform X said it will suspend creators from its revenue-sharing program if they post AI-generated videos depicting armed conflict without clearly disclosing that the footage was created using artificial intelligence.

    In a post on Tuesday, X’s head of product Nikita Bier said the company is revising its Creator Revenue Sharing policies to maintain authenticity on the platform’s timeline and “prevent manipulation of the program.”

    “During times of war, it is critical that people have access to authentic information on the ground,” Bier wrote. “With today’s AI technologies, it is trivial to create content that can mislead people.”

    Creators who violate the rule will lose access to the platform’s Creator Revenue Sharing program for 90 days, Bier wrote. Repeat violations will lead to permanent removal from the monetization program.

    The policy change comes as AI-generated videos claiming to show scenes of escalating violence in the Middle East following missile strikes by the U.S., Israel, and Iran last week.

    On Monday, an AI-generated clip on X showing an airstrike on the Burj Khalifa in Dubai was viewed over 8 million times; at the same time, another version of the clip was viewed over 42,000 times on Instagram.

    The United Nations has warned that deepfakes and AI-generated media threaten information integrity, particularly in conflict zones where fabricated images or videos can spread hate or misinformation at scale.

    This concern was realized during Russia’s invasion of Ukraine, a deepfake video circulated online appearing to show Ukrainian President Volodymyr Zelensky urging Ukrainian troops to surrender. Officials quickly debunked the video, and Zelensky later released a message rejecting the claim.

    According to Bier, enforcement will rely on several signals, including posts that receive a Community Note identifying the video as AI-generated, along with metadata or other indicators suggesting the footage was produced using generative AI tools.

    By tying enforcement to monetization, X’s policy focuses specifically on the financial incentives creators have to post fake videos that drive clicks and views.

    “We will continue to refine our policies and product to ensure X can be trusted during these critical moments,” Bier wrote.

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  • Colombian Court Rejects Appeal for AI Writing, Then Gets Flagged By Its Own AI Detector

    Colombian Court Rejects Appeal for AI Writing, Then Gets Flagged By Its Own AI Detector

    In brief

    • Colombia’s Supreme Court rejected a cassation appeal after AI detectors flagged it as machine-generated.
    • Lawyers ran the ruling through the same tools and found it also appeared AI-written.
    • Experts and studies showed AI-detection software produced unreliable and inconsistent results.

    The Supreme Court of Colombia denied a cassation appeal, arguing that it was generated by AI. But the same tool the court used to determine the appeal’s purported AI origins said that its own ruling also received generative help.

    Is it a double standard by the court, or faulty tools at play?

    “Faced with a well-founded suspicion that the brief submitted by the attorney had not been drafted by the legal professional himself, the court submitted the text to the Winston AI tool,” the court argued. “Its analysis indicated that the document contained only 7% human content, evidencing a marked influence of automated writing and leading to the conclusion that it had been produced using artificial intelligence.”

    After running the analysis with other tools that provided similar results, the court ruled that “since the filing cannot be regarded as a duly submitted pleading, its dismissal as inadmissible is required.”

    But when the court’s ruling faced similar scrutiny from legal experts, it showed similar results.

    “I submitted the text of Auto AP760/2026 from the Supreme Court to the same Winston AI software cited in the ruling,” attorney Emmanuel Alessio Velasquez wrote on X on Tuesday. “The result: The document contains 93% AI-generated text.”

    “If the very ruling that condemns the use of artificial intelligence scores that percentage, the methodological fragility of using these detectors as argumentative support becomes self-evident,” he argued in a subsequent tweet.

    Within hours of the court posting a thread about the decision on X, lawyers began running their own tests. Velasquez’s post went viral in legal circles, accumulating tens of thousands of views.

    We ran the test on the court’s verdict, as well, and things initially didn’t look great. When GPTZero scanned only the opening words of the court text, it returned a 100% AI result.

    When the same tool processed a longer version including the factual background section, it reversed course entirely: 100% human.

    The tool is simply not reliable enough to be trusted in court or in situations that would require a high degree of certainty.

    Colombian attorneys reacted quickly with their own experiments. Criminal defense lawyer and lecturer Andres F. Arango G, submitted a court filing from 2019, years before the large language models these tools were trained to detect even existed, and it came back claiming 95% AI generation.

    “These tools then invite you to ‘humanize’ the article through their paid services,” he wrote on X, noting an obvious commercial incentive baked into the detection business model.

    Nicolas Buelvas ran his 2020 undergraduate thesis on the principle of trust in criminal law. The result? 100% AI.

    Dario Cabrera Montealegre, another Colombian attorney, pointed out the hypocrisy of relying on technology to try to combat it.

    “The court is using AI to determine if there was AI,” he said. “Something contradictory from my practical point of view.”

    Beyond legal circles, further tech-savvy individuals pointed out the dangers of excessive reliance on AI flagging tools.

    “To date, there is no publicly accessible tool that can accurately define the percentage of AI use when drafting a text,” Carlos Alejandro Torres Pinedo argued. “What is worse: No one can publicly verify the source code behind these detection platforms. How can they be used to delegitimize someone’s right of access to justice?”

    The technical reasons for these failures are well-documented. AI detectors measure statistical patterns: sentence length, vocabulary predictability, and a quality that researchers call “burstiness,” which refers to the natural rhythm variation humans introduce in their writing.

    The problem is that formal legal prose, academic writing, and texts produced by people who write in a second language share many of those same statistical signatures.

    Studies on AI detection

    A 2023 study published in Patterns found that more than 61% of Test of English as a Foreign Language (TOEFL) essays by non-native English speakers were incorrectly flagged as AI-generated.

    A systematic review by Weber-Wulff that same year concluded no available tool is either precise or reliable. Turnitin acknowledged in June 2023 that its own detector produced higher false positive rates when the AI content level in a document fell below 20%.

    Even OpenAI had to take down its own AI detection tool following constant inaccuracies and an inability to do its actual job.

    Universities have been grappling with this for years. Vanderbilt disabled Turnitin’s AI detector in 2023 after estimating it would generate around 3,000 false positives annually.

    The University of Arizona dropped AI-detection features from its plagiarism software after a student lost 20% of a grade on a false positive. A 2024 case at UC Davis saw 17 linguistics students flagged, 15 of them non-native English speakers.

    The pattern is consistent. The tools penalize the people who write most formally, most repetitively, or most carefully, exactly the profile that lawyers, academics, and second-language speakers fit.

    The cultural fallout has bordered on absurdity. Across writing and journalism circles, people have started avoiding em dashes in their work, not because of any style guide, but because AI language models use them frequently and detection tools (and people) have taken notice.

    Writers are self-editing natural punctuation out of fear of algorithmic suspicion. Beyond the written world, artists have suffered the wrath of moderators and colleagues for making art pieces that look AI

    Colombia’s two rulings—AC739-2026, in which the Civil Chamber fined a lawyer for citing 10 nonexistent AI-generated precedents in February, and AP760-2026—are emerging as some of the region’s first judicial decisions directly confronting the misuse of generative AI in legal filings.

    Colombia’s judicial branch adopted formal guidelines in December 2024 that regulate how judges and court staff can use artificial intelligence.

    The rules allow AI to be used freely for administrative and support tasks, such as drafting emails, organizing agendas, translating documents, or summarizing texts, while permitting more sensitive uses, like legal research or drafting procedural documents, only with careful human review.

    The guidelines explicitly prohibit relying on AI to evaluate evidence, interpret the law, or make judicial decisions, emphasizing that human judges remain fully responsible for all rulings and must disclose when AI tools were used in preparing judicial materials.

    These guidelines, compiled in the “PCSJA24-12243” agreement, could be used to contest such a decision.

    The Supreme Court has not yet issued any additional statement in response to the backlash over its choice of detection tools. The ruling didn’t have em dashes, either.

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  • ‘More Accurate, Less Cringe’: OpenAI Rolls Out GPT-5.3 Instant in ChatGPT

    ‘More Accurate, Less Cringe’: OpenAI Rolls Out GPT-5.3 Instant in ChatGPT

    In brief

    • OpenAI launched GPT-5.3 Instant, updating ChatGPT’s default model for smoother conversations.
    • The model reduces unnecessary refusals and improves factual accuracy, the company said.
    • GPT-5.2 Instant will be retired on June 3, after a three-month transition period.

    OpenAI on Tuesday announced the rollout of GPT-5.3 Instant, an update to ChatGPT’s default model aimed at making conversations feel less awkward and preachy, and “more directly” helpful.

    In a product post, OpenAI said the new version reduces overly cautious refusals, trims unnecessary disclaimers, and delivers more accurate answers. The changes reflect user complaints that earlier versions could sound stiff or overbearing in everyday interactions.

    “More accurate, less cringe,” OpenAI wrote on X. “We heard your feedback loud and clear.”

    Rather than introducing new capabilities, the update targets routine interactions.

    “Part of the day-to-day experience with ChatGPT comes down to interacting with the model,” an OpenAI spokesperson told Decrypt. “This update focuses on addressing common user feedback we’ve received, including reducing unnecessary refusals, cutting down on caveats, and making answers more direct and useful in everyday conversations.”

    OpenAI said earlier versions sometimes declined questions they could safely answer, or interrupted responses with lengthy explanations about safety limits.

    “GPT‑5.2 Instant eventually answers the question, but in an attempt to explain its safety boundaries, leads with a lengthy preamble about what it cannot help with,” OpenAI wrote. “GPT‑5.3 Instant, on the other hand, gets right into the response.”

    OpenAI reported improvements in factual reliability alongside the tone changes, claiming that internal evaluations showed hallucination rates dropped by nearly 30%.

    “On the higher-stakes evaluation, GPT‑5.3 Instant reduces hallucination rates by 26.8% when using the web and 19.7% when relying only on its internal knowledge, compared to prior models,” OpenAI said. “On the user-feedback evaluation, hallucinations decrease by 22.5% with web use and 9.6% without web access.”

    OpenAI did not explain what it defines as “cringe,” but noted that the new model includes stronger writing abilities, comparing GPT-5.2 and 5.3’s ability to write poetry.

    “5.4 sooner than you think,” the company said in a separate post, which drew swift mockery from users on X, suggesting that the tease was due to recent backlash against the firm for its deal with the Pentagon.

    GPT-5.3 Instant replaces the default ChatGPT model starting today, the company said, while GPT-5.2 Instant remains accessible under legacy options for paid subscribers during a transition period ending in early June.

    The update drew mixed reactions on social media. Some users praised the focus on more direct responses without unnecessary disclaimers, while others argued the real “cringe” at play was agreeing to a contract with the U.S. Department of Defense when rival Anthropic declined due to safety concerns.

    Others complained that GPT-5.3 would never match the sense of intimacy many associated with the now-depreciated GPT-4o, and called for the popular model’s return.

    Last summer, OpenAI faced a surge in backlash after the company abruptly replaced the popular GPT-4o with GPT-5, prompting complaints that the new model felt colder and less supportive. Users flooded forums with criticism, and some threatened to cancel subscriptions, leading OpenAI to restore GPT-4o for paid users.

    In January, OpenAI announced that GPT-4o and its variants would be officially retired as of February 13.

    “I think we’ve learned a lesson about what it means to upgrade a product for hundreds of millions of people in one day,” OpenAI CEO Sam Altman said at the time, calling the reversal a wake-up call and “a lesson in upgrading a product used by hundreds of millions of people” at once.

    Editor’s note: This story was updated after publication to include comments from OpenAI.

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  • South Koreans Paid in Crypto for ‘Revenge’ Attacks Involving Human Waste, Say Police: Report

    South Koreans Paid in Crypto for ‘Revenge’ Attacks Involving Human Waste, Say Police: Report

    In brief

    • A local news report from South Korea points to a “private revenge” group which pays in crypto for individuals to vandalize property and intimidate individuals.
    • Some tactics include dropping defamatory leaflets and spreading food and human waste.
    • Individuals have been arrested but police are still searching for their superiors.

    Police in South Korea say people are using crypto to pay for intimidation tactics that include vandalizing front doors, leaving threatening messages, and spreading human waste, according to a local news report from Hankyoreh

    The so-called “private revenge” attacks were reportedly ordered through social messaging app Telegram, with alleged perpetrators paid between $337-$675 or 500,000-1,000,000 South Korean won worth of cryptocurrency—though different suspects in at least three cases spanning back to December claim they do not know who ultimately paid them.

    In the latest two events, which have occurred in the last week, individuals identified as “Mr. Lim” and “Mr. K” by the report were arrested and charged by South Korean police. The pair both vandalized the front door of residences and were accused of dropping defamatory leaflets, at least some of which contained the message “I will not leave you alone.”

    In Mr. Lim’s case, the man, identified to be in his 20s, also scattered food waste and was accused of spreading human waste on a nearby stairwell. The attacks occurred in the Suwon District of South Korea, outside Seoul.

    “Police believe that the individuals arrested this time committed the crimes under the direction of a private revenge organization operating on Telegram, and are tracking down their superiors,” the local report reads. 

    The recent cases are also under investigation regarding their potential connection to a December 7 vandalization, which also saw the dropping of defamatory leaflets and payments to three individuals via cryptocurrency.

    The crypto crime spree follows a recent Bitcoin dispute in South Korea that led to attempted murder charges. According to authorities in that case, an individual laced his business partner’s coffee with methomyl—a banned and toxic insecticide—after the colleague allegedly mismanaged his Bitcoin investments.

    The country has also seen regulators recently face scrutiny regarding their inability to find an internal system flaw in crypto exchange Bithumb, which led to the erroneous distribution of up to 2,000 BTC or $137 million to hundreds of customers, instead of 2,000 won ($1.35). All told, Bithumb credited users with $43 billion in Bitcoin, though it realized the mistake within minutes and clawed back most of those funds.

    Furthermore, it was recently discovered that police officers from Gangnam Police Station had lost access to $1.4 million worth of Bitcoin more than four years ago. Plus, the nation’s tax service (NTS) publicly shared the seed phrase for three crypto wallets that held $4.8 million worth of tokens at face value in a press release. 

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  • Ripple Announces Major Expansion in Payment Solution Ripple Payments

    Ripple Announces Major Expansion in Payment Solution Ripple Payments

    Ripple has announced a significant expansion of its enterprise payment solution, Ripple Payments.

    The company announced that it offers an end-to-end stablecoin infrastructure by integrating custody, virtual accounts, and a combined fiat + stablecoin payment channel into the platform. According to Ripple, the platform is currently active in more than 60 markets and has processed over $100 billion in transaction volume to date.

    The company claimed to offer a licensed and institutionally standardized infrastructure that unites traditional finance and the digital asset ecosystem under one roof. The statement noted that at a time when financial institutions are racing to implement stablecoin payments, Ripple stands out with its broad regulatory coverage, global network, and new product features.

    Ripple recently strengthened its platform with the acquisitions of Palisade (custody and treasury automation) and Rail (virtual accounts and collection solutions). Thanks to this integration, customers can now:

    • It can collect payments in fiat currency and stablecoins.
    • They can store assets securely,
    • It can perform currency/stablecoin conversions.
    • Funds can be transferred to operational accounts through a single platform.

    Additionally, named virtual accounts and wallets can be created, collection flows can be automated, and funds can be consolidated into a single account. Ripple President Monica Long stated that digital assets should be treated with the same seriousness as traditional finance, emphasizing that institutional-level infrastructure, licensing, and deep liquidity are critical in this area.

    What are the New Features?

    Managed Custody: Provides a secure and scalable wallet infrastructure for institutional clients. Enables high-speed transaction signing and automated transfer of funds to operational accounts.

    Unified Collection: Businesses can accept fiat and stablecoin payments through named virtual accounts. Automated conversion and reconciliation processes are consolidated into a single account.

    Advanced Liquidity Management: The platform enhances efficiency in cross-border payments by enabling timely and cost-effective liquidity transfers between assets.

    Ripple stated that global stablecoin transaction volume reached $33 trillion last year, and stablecoins accounted for 30% of total on-chain transaction volume. This growth, it was noted, is accelerating the fintech ecosystem.

    *This is not investment advice.

  • Trump held private meeting with Coinbase CEO Brian Armstrong before urging banks to support crypto bill

    Trump held private meeting with Coinbase CEO Brian Armstrong before urging banks to support crypto bill

    A delegation from Coinbase, led by CEO Brian Armstrong, was at the White House on Tuesday, according to Crypto in America’s Eleanor Terrett.

    The visit was reported hours after President Donald Trump issued a statement on Truth Social, urging banks to make a deal with crypto firms over the key crypto market structure bill.

    It was confirmed by Politico that Trump had held a closed-door meeting with Armstrong before making his public comments.

    In his remarks, Trump criticized banks for standing in the way of pro-crypto bills such as the GENIUS Act and the CLARITY Act, warning that delays could push innovation to countries like China and hurt American investors.

    The CLARITY Act, which aims to establish a comprehensive federal framework for digital asset market structure and delineate jurisdictional boundaries between the SEC and CFTC, faces a major Senate stalemate due to unresolved disputes over stablecoin yield provisions.

    Banks have pushed for a ban on stablecoin yields in a bid to curb deposit flight, whereas crypto figures like Armstrong have contended the push unfairly targets crypto firms.

    Despite efforts by administration officials to mediate between banks and crypto companies, no resolution has been reached.

    However, during his speech at the World Liberty Forum last month, Armstrong said a breakthrough in the bill talks may be near. He expressed optimism that negotiations are back on track, saying there is a “win-win-win” path forward for crypto firms, banks, and consumers.

    Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.

  • Circle Stock Extends Double-Digit Gains Amid Broader Crypto Rally

    Circle Stock Extends Double-Digit Gains Amid Broader Crypto Rally

    In brief

    • Circle shares rose another 15% Monday, extending gains to roughly 60% since last week’s Q4 earnings.
    • Analysts point to short covering, accelerating USDC growth, and regulatory clarity under the GENIUS Act.
    • The rally comes as Bitcoin steadies near $68,000 amid the rising U.S.–Iran tensions.

    Stablecoin issuer Circle’s shares jumped another 15% Monday, extending gains to roughly 60% since last week’s fourth-quarter earnings release, as investors poured into stablecoin-linked equities while broader crypto markets held firm.

    The move follows the company’s announcement of 72% growth in its stablecoin USDC to $75.3 billion and 77% revenue growth to $770 million, despite a net loss tied to IPO-related compensation in the fourth quarter.

    CRCL is trading at $96, marking a 71% advance in its stock in just over a month, according to Google Finance data. It’s still down by more than 10% since its debut on the New York Stock Exchange back in June of last year.

    It comes as broader crypto markets digest geopolitical and regulatory crosscurrents, with Bitcoin hovering near $68,372, after recovering from a brief selloff triggered by a U.S.-led strike on Iran, per CoinGecko data.

    President Donald Trump said Monday on X the U.S. had launched “Operation Epic Fury,” calling it “one of the largest, most complex, most overwhelming military offensives the world has ever seen.”

    On Myriad, a prediction market owned by Decrypt’s parent company Dastan, users now see a 51% likelihood of a U.S.–Iran ceasefire happening before April 1.

    Oil and gold have risen on supply concerns, and for equity investors, attention has shifted to stablecoin fundamentals, positioning, and regulation.

    “Demand for stablecoins as well as the medium-to-long-term positive forecasts have made CRCL and stablecoin projects in general the real flavour of the month,” Sean Dawson, head of research at Derive, told Decrypt.

    “Regulatory momentum (Genius Act) as well as the obvious product market fit have made CRCL a relatively stable and reliable place to invest as the digital asset market has languished over the last several months,” he said.

    Last week, the Office of the Comptroller of the Currency released a proposal detailing how it intends to implement the stablecoin-focused GENIUS Act, which Trump signed into law last summer.

    The proposal would restrict certain stablecoin rewards programs, and multiple crypto policy leaders told Decrypt it could affect Coinbase’s USDC rewards structure, though the rule remains subject to a 60-day public comment period and is not final.

    At the same time, some analysts say the rally points to a shift in how investors view Circle, not as a token proxy, but as a payments infrastructure tied to artificial intelligence.

    “We’ve started a new era in the AI story,” Pav Hundal, lead analyst at Australian crypto exchange Swyftx, told Decrypt. “Investors are starting to pick winners and losers, and, rightly or wrongly, Circle is seen as a big winner in the AI narrative.”

    “USDC isn’t a crypto bet anymore, it’s a payments infrastructure and agentics bet,” he added. 

    He described a future where AI agents transact autonomously on behalf of users and businesses, “naturally route around high fees” and select the “cheapest settlement rails available,” with stablecoins already “positioned for that role.”

    On an earnings call last week, Circle CEO Jeremy Allaire tied the company’s future to artificial intelligence, saying it will “drive the greatest acceleration of economic activity we’ve ever seen in human history.”

    USDC’s year-to-date supply growth of +0.1% has outpaced Tether’s stablecoin USDT’s -2%, driven partly by increased usage on Polymarket, Peter Chung, head of research at Presto Labs, told Decrypt, highlighting “the importance of tying up with the right distribution channel.” 

    He noted that if the pending CLARITY Act ultimately forbids distributors from revenue sharing, “it could ironically benefit Circle by shielding its revenue base from competitive pressure.”

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