Everything web3, crypto, defi, degen
In brief Streaming giant Netflix has revealed that it used generative AI for a VFX sequence in its show “The Eternaut.” Netflix co-CEO Ted Sarandos called generative AI “an incredible opportunity to make films and series better, not just cheaper.” There is widespread concern among film industry professionals over the threat posed by AI to…
In brief Bitcoin enthusiasts have often likened the cryptocurrency to “digital gold,” a decentralized alternative to precious metals. Recent academic research has indicated that Bitcoin and gold may serve fundamentally different investor types. At present, research indicates that Bitcoin lacks the historical track record, stability, and crisis-tested resilience of gold—though that could change with time.…
In brief Tether CEO Paolo Ardoino said his company fully intends to register its flagship USDT stablecoin via the newly-signed GENIUS Act. The company will also likely offer another, U.S.-specific stablecoin in the American market. Circle CEO Jeremy Allaire said he believes his company is nonetheless poised to particularly benefit from the passage of the…
In brief MicroStrategy’s $70 billion Bitcoin holdings are spread across 9 potential custodians including Coinbase, BitGo, and Fidelity, but the exact distribution remains confidential under SEC Rule 83. Coinbase and MicroStrategy set stock records this week as crypto markets surge, though MicroStrategy has since pulled back while Coinbase keeps rising. Multiple companies launched or grew…
In brief President Trump signed the GENIUS Act into law Friday afternoon, in a White House ceremony attended by numerous crypto industry leaders. The bill establishes a framework for issuing and trading stablecoins in the United States. Banks, traditional finance players, and retail giants that have expressed interest in stablecoins now have the green light…
In brief Charles Schwab is interested in introducing a stablecoin, its CEO told investors this week. The potential stablecoin initiative comes as Schwab prepares to offer spot Bitcoin and Ethereum ETFs to its clients. Schwab is one of several large financial services firms exploring issuing its own stablecoin. Charles Schwab would like to issue its…
In brief Strategy keeps its $72 billion Bitcoin stash with multiple custodians, but won’t publicly name them, citing security concerns despite pressure from crypto community. Coinbase confirmed it’s one of Strategy’s custodians, while blockchain analytics firm Arkham claims to have traced 70,000 BTC to Fidelity. SEC filings reveal Strategy uses only NYDFS-regulated custodians, narrowing the…
In brief Hungary’s updated criminal code imposes penalties up to 8 years in prison for unlicensed crypto exchange operators and up to 5 years for large-scale traders. The law targets illegal operations while allowing compliant exchanges to continue operating, though unclear implementation details have created market uncertainty. EU-licensed exchanges will be able to operate in…
In brief Shane Donovan Moore, a former semi-pro rugby player, was sentenced to 30 months in prison for defrauding over 40 investors out of $900,000 through a fake crypto mining scheme. Moore promised 1% daily returns from mining equipment that didn’t exist, using investor money to fund a lavish lifestyle and repay earlier victims in…
In brief Kraken has launched CME-based Bitcoin and Ethereum futures for U.S. traders. The new offering coincides with congressional approval of landmark digital asset bills during what Republicans have dubbed “Crypto Week.” The CFTC gains ground as a preferred regulator, raising hopes for clearer rules across the industry. Kraken launched a regulated crypto futures platform…
