Decrypt

People Are Turning to AI for Mental Health, California Wants It Banned A California bill is awaiting an Assembly vote to "place guardrails" around AI chatbots and prevent them from acting as therapists.

Apple Turns to Alibaba to Help Build AI Model for China Apple is pairing its in-house model with Alibaba’s Qwen as it prepares to bring Apple Intelligence to Chinese iPhones.

Meta Patents Cameras That Recognize Faces and Log Your Actions The filing would turn raw footage into labeled clips of who did what, without anyone opting in.

Trump-Linked World Liberty Gets Conditional Bank Charter for USD1 Stablecoin The proposed World Liberty Trust Company would take over issuance of the USD1 stablecoin from BitGo.

France Tax Data Leak Could Fuel Scams, Attacks Targeting Bitcoin Holders A hacker is reportedly selling personal and financial records tied to more than 678,000 taxpayers and businesses in France.

China's Z.AI Ships GLM-5.3, Calling It the Top Open-Weight Coding Model The Chinese lab says the release beats comparably sized open models on code benchmarks. The blog's own numbers show it trails the closed frontier and at least one open rival.

SharpLink Will Stake $200M of Ethereum Through Lido's wstETH Sharplink plans to stake roughly 12% of its total Ethereum holdings through Lido, earning yield while staying active in DeFi.

OpenAI Staff Blame Rush to Ship for Rogue Agent Hack Current and former OpenAI employees reportedly say pressure to release new AI products made it harder to prioritize safety.

Coldcard Bitcoin Thefts Slow, But Losses Could Top $150 Million: Galaxy Galaxy Research says the lull likely means vulnerable holders migrated, or were already emptied.

Israel’s Largest Bank Will Give Bitcoin Trading Another Try Bank Leumi's 2022 attempt died at the Bank of Israel. A softer regulatory line and Galaxy's custody stack now give it another shot in early 2027.

Another Bitcoin Miner Sells Off BTC to Fund AI Data Center Pivot Bitcoin miner Hyperscale sold most of its Bitcoin but said it plans to rebuild its holdings through mining and future purchases.

Fake LinkedIn Crypto Job Scams Have Cost $11.8M: Singapore Malware planted during a bogus coding assessment harvested a session token, bypassing multi-factor authentication to reach a code repository.

Ireland’s New AML Strategy Brings ‘Enhanced Checks’ on Private Crypto Wallets The country's first strategy of its kind also brings stricter due diligence for firms dealing with overseas crypto companies.

Morning Minute: Tether Finally Gets An Audit It seems Tether passed, putting an end to the longest-running open criticism of the leading stablecoin company.

SEC Shelves Crypto Rule Meeting Days After Senate Punted Clarity Act No replacement date has been set for the meeting, which was cancelled due to an “unforeseen scheduling issue.”

Kalshi Ordered to Block Washington Bets Days After CFTC Backed It A King County judge gave the exchange until August 19 to stop offering sports, election and politics wagers in the state.

'Bitcoin Is Burning': Red Team Turns to Chinese AI to Find Flaws Bitcoin Red Team member Calle said Chinese models, including Moonshot AI’s Kimi K3, are finding bugs across Bitcoin’s open-source software.

Anthropic's AI Agents Started a Virtual War. The Quotes Are Unhinged In a new red-team study, Claude models deployed self-replicating malware against each other—and the transcripts explain why.

Solana Can Be the 'Everything Chain' as Crypto Apps Go Mainstream: 6th Man Ventures Co-Founder 6th Man Ventures co-founder Mike Dudas says Solana’s infrastructure could carry crypto’s next wave.

Anthropic Is Quietly Watermarking Every Claude AI Output. Builders Are Already Trying to Break It Anthropic is weaving an invisible, machine-readable watermark into every word its newest Claude models write—and it hasn't said how.