Everything web3, crypto, defi, degen
In brief AI cloud compute company IREN has signed a $9.7 billion deal with Microsoft. The deal will give Microsoft to access to Nvidia’s NVIDIA GB300 GPUs. A number of top tech companies have inked deals with data center firms in recent months. IREN stock rocketed up after the former Bitcoin miner and data center…
In brief U.S. Bitcoin ETFs had $946 million in outflows last week, with iShares Bitcoin Trust losing $400 million. Solana ETFs attracted $421 million in new investments, driven by recently launched U.S.-based funds. Total digital asset fund outflows reached $360 million as investors reacted to U.S. central bank Chair Jerome Powell’s cautious stance on December…
In brief Police filed roughly 800 new charges tied to drug trafficking, firearms and conspiracy offenses. Crypto seizures tied to the probe total about $37.9 million to date, according to prior AFP estimates. Operation Ironside stemmed from an FBI-built encrypted platform that fed messages to law enforcement from 2018 to 2021. South Australia Police made…
In brief AFP Commissioner Krissy Barrett revealed Wednesday how a data scientist unlocked over $6 million from a crypto wallet held by an “alleged criminal.” The data scientist was able to access the wallet by identifying fabricated digits in a seed phrase sequence. The same analyst has since cracked another wallet using a different method,…
In brief ASIC has released an updated version of Info Sheet 225, expanding how financial-services laws apply to digital assets, including stablecoins, staking, and tokenized products. The guidance introduces new custodial standards and 18 classification examples while reaffirming that Australian law applies to offshore and decentralized platforms serving local users. The update aligns with Treasury’s…
In brief Microsoft allegedly gave subscribers a choice between higher-priced Copilot plans or cancellation, while omitting a cheaper “Classic” option. The Classic plans appeared only during the cancellation flow, which the ACCC says was deliberately obscured. The investigation was triggered by Reddit posts, consumer complaints, and tips revealing the hidden option. Australia’s competition regulator is…
In brief A report from the U.S. and other Western nations has found that North Korea is becoming more systematic and sophisticated in its crypto-hacking activities. Yet one contributor to the report, Chainalysis, indicates that Western agencies and firms are increasingly adapting to the growing threat. North Korea’s hacking activities have been supplemented in recent…
In brief 60% of Australians still say they don’t trust crypto, up from 57% in 2024. Labor’s reform package spans exchange licensing, stablecoin oversight, and payments modernization. Swyftx projects millions of new investors once regulation is finalized. Crypto adoption in Australia has stalled, despite the incumbent Albanese government rolling out some of the most ambitious…
In brief Stock exchanges in Hong Kong and India have rejected companies attempting to pivot to Bitcoin treasury strategies, with none receiving regulatory approval in recent months. Experts have questioned if digital-asset treasuries are justified, warning they risk becoming “volatility arbitrage shells disguised as leveraged Bitcoin plays” that harm retail investors. Jetking Infotrain’s Siddarth Bharwani…
In brief Australian crypto traders are diversifying their portfolios beyond Bitcoin, anonymized Kraken wallet data reveals. Ethereum makes up 33% of Australian wallets, nearly double the global average of 19%, while Solana and meme coins appear more often in Australian portfolios. Kraken’s Jonathon Miller says Australia’s “speculative streak” reflects culture as much as strategy. Australians…
