Everything web3, crypto, defi, degen
In brief Bitcoin’s energy consumption remains large, at an estimated 138TWh as of 2025. Recent academic research explores the broader environmental cost of Bitcoin mining, adding in carbon dioxide, water, e-waste, and land impacts. Policy pressure is rising as governments focus on what kind of power Bitcoin mining uses, where it is sited, and what…
In brief Deren Akyeam-Pong pleaded guilty to nine charges, including kidnapping and assault related to the December 2022 abduction of Ontario’s “Crypto King” Aiden Pleterski. The guilty plea prompted an immediate adjournment of the trial for co-defendants Akil Heywood and Alfredo Paladino, with no new trial date scheduled. Cybersecurity consultant warns oversharing crypto gains “practically…
In brief Canaan teamed with Calgary-based Aurora AZ Energy to test distributed gas-powered systems. The company says the setup could cut 14,000 tons of carbon emissions annually. Trading volume more than doubled Monday, marking one of Canaan’s busiest sessions this year. Bitcoin mining hardware manufacturer Canaan Inc. (NASDAQ:CAN) stock jumped over 40% Monday, closing at…
In brief Major banks including Banco Santander, Citi, Bank of America, and Deutsche Bank are exploring a “1:1 reserve-backed form of digital money.” The banks said in a statement that the potential product would be pegged to G7 currencies. A number of companies and banks worldwide are interested in issuing stablecoins. A group of international…
In brief Gespa, Switzerland’s gambling authority, is reportedly operating a preliminary probe into FIFA’s right-to-buy ticketing feature. The right-to-buy collectibles provide the option to purchase physical tickets to World Cup games from a select pool of set-aside tickets for FIFA Collect users. FIFA Collect is the soccer governing body’s official digital collectibles platform, now operating…
In brief OpenAI’s new Sora 2 video model generates synchronized dialogue and sound effects, while an iOS app lets users insert themselves into AI videos through “cameos.” OpenAI compared the release to a “GPT-3.5 moment for video,” with physics-aware clips, multi-scene continuity, and a TikTok-style feed. Sora 2 Pro launched for ChatGPT subscribers, while the…
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 An Interpol operation encompassing 40 countries has seized $439 million from suspected criminals. Law enforcement agencies froze 400 crypto wallets, from which they recovered $16 million in crypto. Investigated crimes include investment fraud, money laundering related to illegal gambling, sextortion, and e-commerce fraud. Interpol has seized a total of $439 million in criminal…
CRYPTO FALLS, STOCKS HIT ANOTHER ATH, SOL DEFI COINS SOARAVAX & NEAR lead L1s, most alts fall. XRP, DOGE ETF debut, $50m day 1 combined volume. MetaMask token coming ‘very soon’. Michigan BTC bill moves forward after delay. Brera Holdings launches $300m SOL DAT. ETH Fusaka upgrade scheduled for December. Plasma TGE set for 25…
In brief Bank of Canada Deputy Governor Ron Morrow called for federal stablecoin regulation while highlighting Canada’s lagging payments modernization compared to the U.S. and UK. Canadian remittance costs are “significantly higher” than other developed nations, creating opportunities for stablecoin adoption to reduce cross-border payment fees. Stablecoins could cut remittance fees to “less than 1…
