Everything web3, crypto, defi, degen
In brief President Trump and his family saw their net worth surge by almost $6 billion after trading began for WLFI. The family collectively owns 22.5 billion WLFI tokens, now valued at nearly $6 billion, though the tokens remain locked under a vesting schedule that has not yet been determined. WLFI’s market debut gave the…
In brief Metaplanet shareholders reportedly approved an $884 million overseas share sale, according to Reuters. The Tokyo meeting authorized preferred stock issuance potentially worth $3.8 billion, with Eric Trump attending as strategic adviser. The firm’s stock-dependent “flywheel” financing mechanism has “slowed” after both Metaplanet’s stock and Bitcoin slumped in price. Metaplanet Inc. shareholders reportedly approved…
In brief The Bank of China’s Hong Kong branch stock shot up by 6.7% on reports that it plans to apply for a stablecoin issuer license. Hong Kong launched its stablecoin licensing regime in August. Regulators have also urged caution to investors over speculation-driven price moves. The Bank of China’s Hong Kong-listed shares rose by…
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 WLFI begins trading on Labor Day with only a small portion of its 33 billion supply unlocked. The token underpins World Liberty’s plans around stablecoins and payments, though governance details remain limited. Analysts and legal experts warn that concentrated holdings and political ties raise risks for liquidity, integrity, and investor protections. World Liberty…
In brief WLFI begins trading on Memorial Day with only a small portion of its 33 billion supply unlocked. The token underpins World Liberty’s plans around stablecoins and payments, though governance details remain limited. Analysts and legal experts warn that concentrated holdings and political ties raise risks for liquidity, integrity, and investor protections. World Liberty…
In brief Dutch and U.S. authorities shut down VerifTools, a major fake ID marketplace that generated $6.4 million selling counterfeit documents for as little as $9 in crypto. The operation seized 23 servers from one of the largest international providers of fraudulent identity documents. Modern fake IDs use sophisticated technology like holograms and UV ink,…
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 Investors have dropped a class-action lawsuit against Bitcoin giant Strategy, which accused the company of misleading shareholders about how new accounting rules would affect its profitability. The case centered on Strategy’s switch to fair value accounting, which let it mark Bitcoin’s price swings on its balance sheet. Critics said the firm overstated how…
In brief A hacking syndicate allegedly stole $28.1 million (₩39 billion) from financial and crypto accounts of 258 wealthy Koreans, including celebrities and top business executives. The largest single crypto theft reached $15.4 million (₩21.3 billion), though authorities haven’t specified what portion of the total losses was in crypto. The case exposes systematic vulnerabilities in…
