decrypt

According to Decrypt, Decrypt has announced that its self-custody Money Accounts are now live on Solana, providing readers with a single balance that can be used across all Decrypt products to support its financial and intelligence market, The Information Exchange. Decrypt co-founder Ilan Hazan stated that the goal is to achieve one account and one balance, allowing users to utilize various financial tools directly from where they obtain information, from prediction markets to perpetual contracts and swaps. Users can manage all positions in one place without worrying about wallets, cross-chain bridges, or public chains, with relevant partners to be announced in the coming weeks.Deposits and balances are denominated in USDT on Solana, and the same balance can support products such as Earn, Swaps, Predictions, and Perps. Gas and rent are sponsored through joint signatures by payers, so users do not need to hold SOL or consider network fees. The account operates in a self-custody mode, meaning Decrypt does not hold private keys and cannot perform operations on behalf of users, with a private key export feature coming soon. Cross-chain operations are completed at the underlying level; for example, the Myriad Predictions market settles on the BNB Chain, yet users can still trade using the same Solana USDT balance without needing to interact with a cross-chain bridge.Existing Myriad Wallet users can directly use Decrypt Money Accounts, with one account and one balance covering both Decrypt and Myriad without the need for migration.

Decrypt, a crypto media outlet, announced the launch of The Information Exchange, positioned as an information and financial network, with technology provided by the prediction market platform Myriad, using MYR as a coordination layer, operating on Solana.This network integrates news, data, market prices, probabilities, and direct participation into a single experience. The products include prediction markets, spot trading, perpetual contracts, structured event products, and new financial instruments, some built by Myriad and others connected to third-party protocols and exchanges.Decrypt stated that the cumulative trading volume of Myriad's prediction markets has exceeded $600 million, allowing information audiences to become market participants within the same experience.After merging with Rug Radio, Decrypt has approximately 1.6 million monthly unique users, around 3.7 million monthly page views, and over 73,000 active email subscribers. MYR can be staked for network functions such as information verification and market settlement, and can also be used to access higher API throughput, low-latency quotes, probability data, and execution services.The announcement stated that a portion of the revenue generated from network economic activities will be used for open market repurchases of MYR, supply reduction, staking incentives, network rewards, treasury, and ecological construction. Holders and stakers can benefit from lower transaction costs, enhanced data access, and paid products or services. The products will be launched in phases over the coming weeks and will continue until Solana Breakpoint.

ChainCatcher news, according to official sources, Decrypt and its affiliated company MYRIAD have announced the establishment of the Myriad Foundation, which will launch the MYR token in 2025. This token will be used by several projects including MYRIAD, Decrypt Media, Rug Radio, Lucky Trader, and Degenz NFT.

ChainCatcher news, during the Thailand Blockchain Week, the Asia-Pacific media officially established Layer East Media, a strategic alliance aimed at strengthening communication between the West and the Asia-Pacific region in Web3. The eight founding members of the alliance include HashKey Capital, Decrypt, Coinpost, Bitcoin Addict (Cryptomind Group), Coin68, PANews, Odaily, and Coinvestasi, who signed a memorandum of understanding committing to promote responsible reporting and innovative collaboration.The alliance also includes Crypto Times, Tokenpost, CoinNess, Foresight News, Blockbeats, Techflow, Chaincatcher, Blocktempo, and Wu Says Blockchain. Layer East Media will support the expansion of Web3 in the Asia-Pacific market through regional events and exclusive content, welcoming more media to join and jointly advance the APAC Web3 media network.

ChainCatcher news, Decrypt announced that it will store news articles, videos, and photos in the Sui distributed storage solution Walrus, thereby creating an immutable content archive for the encrypted media company.Representatives from both companies stated at the Token 2049 conference held in Singapore on Tuesday that reports from Web3 industry publications will be stored on Walrus in the form of data files called "blobs," which is a protocol built on the Layer 1 network Sui. The aim is to create a secure, "tamper-proof" record of Decrypt content to foster trust among the publication's readers.

ChainCatcher news, DASTAN, the parent company of Decrypt and Rug Radio, has launched a prediction market and digital media ecosystem called MYRIAD, aimed at changing the way people engage with digital media.The MYRIAD platform is built on DASTAN's digital media ecosystem, which includes brands like Decrypt and Rug Radio. MYRIAD seeks to create a fairer system for content creators and consumers through on-chain prediction markets and MYRIAD Quests. The on-chain prediction markets of MYRIAD are embedded within the content, enabling real-time transparent playback of the media ecosystem.

According to ChainCatcher news reported by Decrypt, German law enforcement agencies conducted an "emergency sale" of nearly 50,000 bitcoins, netting approximately $2.88 billion (€2.639 billion). These bitcoins were initially seized in January during an investigation into nationals from Germany and Poland suspected of operating a piracy website and money laundering, at that time valued at around $2.1 billion. The related trial is still ongoing, and the proceeds will be held by the Free State of Saxony until the criminal proceedings are concluded.The sale took place between June 19 and July 12, carried out in cooperation with the Saxony Police, the Dresden Public Prosecutor's Office, and the German trading company Bankhaus Scheich. According to legal requirements, law enforcement must conduct an emergency sale when it determines that the value of the bitcoins may significantly depreciate (by more than 10%). On-chain data from blockchain analysis firm Arkham Intelligence shows that these bitcoins were sold through centralized exchanges such as Kraken and Coinbase, as well as over-the-counter trading firms like Flow Traders and Cumberland DRW.

ChainCatcher message, Decrypt posted on platform X: "Our email newsletter account has been compromised, and a phishing fraud email has been sent to all our subscribers. Please delete it and do not open or click on any links. There is no $DECRYPT airdrop. We are working to regain access."

According to ChainCatcher news, as reported by axios, the crypto media Decrypt has signed a letter of intent to merge with the decentralized media company Rug Radio. The two companies will merge to form a new holding company, the specific name of which is yet to be determined, and both companies will retain their respective brands and independence. To facilitate such a fair transaction, the new holding company plans to collaborate exclusively with Arbitrum, and executives aim to complete the deal by early 2024, with the expectation that the transaction will not require regulatory approval.The holding company will be chaired by Decrypt's current CEO Josh Quittner, while Rug Radio's current co-CEO Loxley Fernandes and founder Farokh Sarmad will serve as CEO and president of the new holding company, respectively. Investors from Decrypt and Rug Radio will retain shares in the new holding company.