Everything web3, crypto, defi, degen
In brief Elon Musk’s Neuralink and the Sam Altman-backed Merge Labs are driving a new wave of billionaire-backed brain-computer interface ventures. Current BCI progress remains medical, with only five Neuralink patients implanted as of September 2025. Experts warn BCIs are far from “thought reading,” and billionaire ambitions risk overshadowing real therapeutic potential. Elon Musk already…
In brief Michael and Amanda Griffis pleaded guilty to defrauding 145 investors out of $6.5 million through their fraudulent “Blessings of God Thru Crypto” commodity pool. The scheme involved a fake trading platform designed to look like the legitimate Apex trading platform and guidance from the mysterious “Coach Wendy,” whose identity remains unknown. Victims were…
In brief KuCoin was assessed a penalty of $19.5 million CAD ($14M USD) for failing to comply with Canadian anti-money laundering policies. The exchange has appealed the decision in Canadian Federal Court. KuCoin pleaded guilty to operating an unlicensed money-transmitting business in the U.S. in January, paying $300 million in fines and forfeitures. Peken Global…
In brief PrizePicks becomes first sports entertainment operator to receive FCM license from National Futures Association, allowing it to offer prediction markets. The move follows European lottery giant Allwyn International’s $1.6 billion acquisition of 62.3% stake in PrizePicks earlier this week. PrizePicks joins FanDuel as the second major brand in sports entertainment and gaming to…
Publicly traded cloud infrastructure firm Cloudflare—which powers a significant chunk of internet traffic—is launching a U.S. dollar-backed stablecoin, the NET Dollar, to help propel the future of AI-driven finance on the internet, the firm announced on Thursday. Like other stablecoins, Cloudflare’s version will offer near-instant transactions globally. The firm also highlighted its use in rewarding creators…
In brief Kraken surveyed 1,000 crypto users in the U.S. Of the survey respondents, 79% said they would pay higher fees on an exchange they trust. Still, most users had accounts at multiple exchanges. In an industry that prides itself on decentralization, a recent survey conducted by crypto exchange Kraken found that Americans are placing…
In brief South Korea’s ruling Democratic Party has established a Digital Asset Task Force to draft comprehensive stablecoin and crypto legislation. The task force aims to enact digital asset laws during this year’s regular and year-end National Assembly proceedings. The country faces mounting pressure over capital flight, with $40.6 billion in digital assets transferred abroad…
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 South Park’s latest episode “Conflict of Interest” satirized prediction markets, specifically naming Polymarket and Kalshi as targets of its criticism while depicting children becoming obsessed with betting on everything. Prediction market users largely failed to forecast their own platforms being mentioned, with only 27% on Myriad and around 20% on Kalshi and Polymarket…
In brief The Ohio State Board of Deposit unanimously approved a vendor on Wednesday to process cryptocurrency payments for state fees and services. Secretary of State Frank LaRose said he’s “excited and ready to be the first to provide it to our customers.” The decision follows a broader Ohio crypto legislation push, including proposed Bitcoin…
