Everything web3, crypto, defi, degen
In brief U.S. M2 money supply hit a record $22.02 trillion, but crypto markets continued to slide. Analysts say liquidity remains sidelined in money markets, not flowing into risk assets like crypto. High leverage, especially in altcoins, is driving forced selling and amplifying short-term volatility. The U.S. money supply has climbed to a record high,…
In brief Chapman ran a “laptop farm” from her Arizona home, hosting devices for North Korean IT workers to spoof their U.S. presence. Over 300 U.S. companies—including a major TV network and aerospace firm—were unknowingly infiltrated. Officials say the operation helped fund North Korea’s weapons program and exposed crypto firms to security risks. An Arizonan…
In brief Agama, a longtime SEC official appointed Director-General in 2024, has pushed for more proactive engagement with digital asset firms. His latest remarks follow the onboarding of stablecoin firms into the SEC’s regulatory sandbox and renewed public outreach. Analysts say rebuilding trust will depend on whether the government follows through with consistent, transparent enforcement.…
In brief OpenAI rolled out ChatGPT agent to subscribers, enabling web access and task automation. The company warned users about prompt injection attacks that could exploit the agent’s permissions. Experts recommend caution, limited access, and layered security to reduce risks. OpenAI rolled out its ChatGPT agent to Plus, Pro, and Team subscribers on Thursday, offering…
In brief Only BlackRock and Fidelity’s spot Bitcoin funds needed less time to reach $10 billion in assets. ETHA has added $5 billion over a 10-day period ending Wednesday. The surge in ETH ETF inflows has been closely intertwined with a dramatic surge in Ethereum’s price. BlackRock’s iShares Ethereum Trust (ETHA) has topped $10 billion…
In brief AI coding startup Cognition is closing a $300M+ funding round, rocketing its “autonomous coder” Devin to a $10 billion valuation. Devin wowed Silicon Valley with viral demos, but critics say it still flubs real-world coding and needs human help. Investors keep piling in as agentic AI hype grows—despite bugs, flops, and open questions…
In brief Galaxy CEO Mike Novogratz said that Ethereum could do better than Bitcoin over the next three to six months. Institutions buying the second-biggest cryptocurrency will help propel its rise, he said. ETH remains well below its all-time high mark from 2021, while Bitcoin just recently hit another fresh peak. Crypto entrepreneur and billionaire…
In brief The XRP Ledger is experiencing a shift away from retail activity, according to a Serotonin analyst. The network is now more akin to a “interbank settlement network” and is losing steam with retail users. The shift comes amid XRP’s surge to a new all-time high price last week. Ripple-linked asset XRP surged to…
In brief GameSquare borrowed stablecoins against a recently acquired CryptoPunk. The rare CryptoPunks NFT was purchased from Compound founder Robert Leshner for $5.15 million worth of preferred shares. GameSquare owned 12,900 ETH, as of Thursday worth $48 million. GameSquare, a digital media company with an Ethereum treasury strategy, said Thursday that it acquired a rare…
In brief Ripple co-founder Chris Larsen has moved 50 million XRP since July 17. Larsen has moved most of that amount to exchanges. The third biggest cryptocurrency by market value hit a new all-time high last week. Ripple co-founder and Executive Chairman Chris Larsen moved more than 50 million in XRP over the past week…
