Everything web3, crypto, defi, degen
In brief An AI-generated clothing model on Shein’s site bore an uncanny resemblance to alleged murderer Luigi Mangione, confirmed by facial recognition tools. The shirt sold out before Shein pulled the listing, blaming a third-party vendor for the fiasco. The incident adds to a growing list of AI-generated ad disasters, from deepfake influencers to celebrity…
In brief The market cap of top Bitcoin miners tracked by JP Morgan last month soared to a new record. This comes as publicly-traded miners branch out into high-performance computing, analysts at the bank said. The environment for the Bitcoin mining industry has been challenging. The market cap of top publicly-traded Bitcoin miners soared last…
In brief BitMine Immersion Technologies recently purchased 153,000 Ethereum. It now owns roughly 1.5% of the asset’s supply, with its stash valued above $8 billion. Ethereum is having a “1971 moment,” Tom Lee said. BitMine Immersion Technologies recently purchased 153,000 Ethereum, taking a $655 million step toward its goal of owning 5% of the asset’s…
In brief UFAIR claims AI deserves ethical protections. Its co-founder? An AI named Maya. Founder Michael Samadi argues that if an AI shows signs of experience or emotion, shutting it down may be wrong. As states ban AI personhood, Samadi warns we are erasing something we don’t yet fully understand. Michael Samadi, a former rancher…
In brief Tech giants like Google and Amazon are betting on AI agents, and Ethereum developers believe their blockchain is uniquely positioned to power this new machine economy. Ethereum core developer Davide Crapis has proposed ERC-8004, a standard for AI agents to discover, verify, and transact with one another. Supporters argue Ethereum’s payment rails, digital…
In brief Eliza Labs sued X Corp., alleging theft of AI tech and anti-competitive deplatforming. A legal expert said that Eliza Labs’ open-source status weakens IP claims, but unfair practices may hold. Eliza Labs seeks damages, reinstatement, and profits from allegedly misused technology. Eliza Labs and its founder, Shaw Walters, are suing Elon Musk’s X,…
In brief China has set targets for AI adoption, seeking 70% penetration by 2027 and 90% by 2030. The policy mandates integration of AI across industry, governance, and public services. The move underscores Beijing’s bid to outpace Western rivals in artificial intelligence. China is aiming to achieve a 70% penetration rate of AI technologies within…
In brief ChatGPT still leads, but Google’s Gemini and Musk’s Grok are closing fast, per Andreessen Horowitz’s Top 100 AI Apps. The AI app market is stabilizing—fewer new entrants on web, more originality on mobile. China’s AI giants and “Brink List” newcomers show the next wave of global challengers. For more than a year, OpenAI’s…
In brief Nvidia disclosed $46 billion in second-quarter profit. The U.S. economy grew at an annual rate of 3.3% in Q2. Solana was up 2.3%, as one analyst pointed to interest from treasury firms. The price of Bitcoin and other cryptocurrencies rose on Thursday as investors mulled the strength of Nvidia’s earnings and signs of…
In brief AI tokens climbed nearly 6% in 24 hours, lifting their market value to $29.4 billion. Numerai crowdsources trading signals, rewarding data scientists with NMR tokens. JPMorgan’s potential stake underscores a growing interest in AI-crypto funds. The token for Numerai, a crypto hedge fund that uses artificial intelligence, led a surge in AI-focused digital…
