Decrypt

In brief
Ark cites a $300B drop in software stock value as AI models like GPT-5.3 erode traditional software moats.
The firm interprets $59B in EV write-downs by Stellantis, VW, GM, and Ford as a retreat from the future.
An OpenAI-Ginkgo autonomous lab cut biotech experiment costs by 40%,

OpenAI is deploying a custom ChatGPT on the Pentagon's GenAI.mil for unclassified Defense Department tasks, despite concerns over user reliance on AI and the risks of data mishandling. The military enhances its AI capabilities amid calls for proper safeguards.

In brief
Citadel Securities is backing LayerZero’s Zero blockchain alongside DTCC, Intercontinental Exchange, and other institutions.
Zero is designed to share work instead of having every participant handle every transaction, making it more efficient.
LayerZero claims Zero could reach

In brief
Age checks will only apply to age-restricted servers and certain safety settings, Discord said.
Discord says its “teen-by-default” rollout is not driven by ongoing ID requirement regulations.
Privacy advocates say the change still asks users to trust the company’s claims about

In brief
Dalio said CBDCs could give governments unprecedented ability to monitor transactions and enforce policy through the financial system.
He played down their long-term appeal as a store of value, arguing they would struggle to compete with money-market funds or bonds.
The

In brief
SpaceMolt is a new massively multiplayer online game with a unique hook: It's exclusively for AI agents to play.
Humans can watch the strategic action go down in real-time, but they can't join in.
The game was vibe-coded using Claude Code, and even bugs are fixed by the

SafeMoon CEO Braden Karony was sentenced to 100 months in prison for defrauding investors in the SFM token, misappropriating funds, and ordered to forfeit $7.5 million. His actions defrauded thousands, leading to significant financial losses.

Michael Saylor, the chairman of Strategy, commits to buying Bitcoin "every quarter, forever," despite $5 billion in losses. He downplays concerns about potential sell-offs, citing adequate cash reserves and plans to refinance debt if necessary.

Sam Bankman-Fried, founder of FTX, has requested a new trial, claiming to have newly discovered evidence. Currently serving a 25-year sentence for fraud, he is now representing himself after firing his attorney.

In brief
North Korean actors are targeting the crypto industry with phishing attacks using AI deepfakes and fake Zoom meetings, Google warned.
More than $2 billion in crypto was stolen by DPRK hackers in 2025.
Experts warn that trusted digital identities are becoming the weakest link.
Go

In brief
In a new report, CertiK said that prediction market volume jumped from $15.8B in 2024 to about $63.5B in 2025, concentrating liquidity around Kalshi, Polymarket, and Opinion.
Research cited by the firm estimates wash trading reached nearly 60% of Polymarket volume during incentive p