Everything web3, crypto, defi, degen
In brief Tether reported $10 billion in profit for the first three quarters of 2025—surpassing Bank of America, and nearing Goldman Sachs and Morgan Stanley’s earnings. The company’s profits stem largely from returns on $135 billion in U.S. Treasuries backing its USDT reserves. Headquartered in El Salvador, Tether plans to launch a U.S.-compliant stablecoin, USAT,…
In brief Meta has asked a U.S. court to dismiss a lawsuit by Strike 3 Holdings, alleging that it used corporate and hidden IPs to torrent nearly 2,400 adult films since 2018 for AI development. Meta says the small number of alleged downloads points to “personal use” by individuals, not AI training. The company denies…
In brief Decentralized exchange Bunni announced its permanent shutdown Wednesday, saying it lacks the capital for a secure relaunch requiring six to seven figures in audit expenses alone. The September 2 hack drained $8.4 million through flash loan manipulation and rounding errors, with stolen funds remaining unmoved in Tornado Cash-funded wallets. Users can still withdraw…
In brief Philippine Senate Bill 1330, filed by Senator Paolo Benigno “Bam” Aquino IV, seeks to mandate blockchain-based tracking of government spending under an $8.6 million initial appropriation. The push follows public scrutiny over $9.2 billion in infrastructure projects flagged for irregularities. Lawyers told Decrypt the bill risks concentrating control, limiting data contestability, and turning…
In brief Mitchell Amador, CEO of Immunefi, told Decrypt at Token2049 in Singapore that AI tools once limited to security firms are now accessible to groups like Lazarus, enabling massive attacks. Bug bounties have paid out over $100 million but have “hit the limits” as there aren’t “enough eyeballs” to provide necessary coverage, he said…
In brief In an experiment, 38 generative AI models engaged in strategic lying in a “Secret Agenda” game. Sparse autoencoder tools missed the deception, but worked in insider-trading scenarios. Researchers call for new methods to audit AI behavior before real-world deployment. Large language models—the systems behind ChatGPT, Claude, Gemini, and other AI chatbots—showed deliberate, goal-directed…
In brief Nansen launched a Claude-based AI assistant trained on 500 million labeled blockchain addresses. The bot currently surfaces insights; trade execution is planned, with users retaining final approval. There’s no white paper yet, and experts warn AI agents in finance are vulnerable to adversarial attacks. Blockchain analytics firm Nansen pushed deeper into the AI…
In brief South Korean internet giant Naver is in talks over a share swap with Upbit operator Dunamu. Naver’s filing confirmed talks on a share exchange and stablecoin projects were taking place, but said no terms are finalized. The move builds on a July KRW stablecoin plan with Dunamu, ahead of new legislation expected in…
In brief North Korean hackers compromised Web3 gaming incubator Seedify’s cross-chain bridge, draining $1.2 million across BNB Chain networks. The attack exploited a developer’s private key to mint unauthorized SFUND tokens through an audited bridge contract that should have prevented such minting. Blockchain sleuth ZachXbt linked the theft addresses to past North Korean “Contagious Interview”…
FED DECISION TODAY, CZ MAY BE RETURNING, CREATOR COINS HEAD SOUTHBTC taps $117k, BNB leads L1s ahead of Fed decision. Whale moves $116m BTC after 11-year dormancy. Binance nears deal to end DoJ compliance monitor. CZ updates X profile, sparks Binance return rumours. 67% fund managers don’t hold crypto: BofA survey. Crypto execs set to…
