Everything web3, crypto, defi, degen
In brief Bitcoin hovered near $108,000 and Ethereum traded around $3,750, extending cautious positioning ahead of Friday’s U.S. employment report. Bessent said high rates “may have driven” parts of the economy into recession, fuelling debate over whether future cuts would signal strength or stress. On-chain data shows Bitcoin stuck below a key $113,000 cost-basis level.…
In brief BlackRock’s IBIT saw its largest single-day outflow since early August, shedding $290 million. The drop reflects short-term macro uncertainty and a closed arbitrage window, not a long-term shift, according to analysts. Despite the weekly outflow, October’s total ETF inflows still beat September’s at $3.61 billion. U.S. spot Bitcoin ETFs witnessed a significant wave…
In brief Ethereum developers have officially scheduled the Fusaka upgrade for December 3, following a successful final testnet this week. The update introduces PeerDAS, a new data-sampling method expected to make layer-2 transactions dramatically faster and cheaper by expanding blob space in each block. Vitalik Buterin has called PeerDAS “the key to layer-2 scaling,” framing…
In brief 1X unveiled NEO—a $20,000 home robot—this week, promising AI-powered chores and companionship. Users raised privacy and safety concerns, comparing it to self-driving tech. 1X says early buyers must agree to data collection to help improve NEO’s abilities. The humanoid race looked ready to enter the living room this week—until viewers saw what 1X’s…
In brief MoviePass wants people to wager on the box office. Its service doesn’t use actual money yet. Betting giants like DraftKings are interested in prediction markets. MoviePass, a company that used to let customers binge an unlimited number of movies in theaters for a monthly fee, began letting more people wager on box-office performances…
In brief Telegram launched Cocoon, a decentralized AI compute network on TON that pays GPU owners in crypto for powering private AI tasks. Telegram will use Cocoon internally, integrating it into Mini Apps and AI tools for its billion-plus users. The project challenges Big Tech’s dominance, positioning TON as an open, user-controlled alternative to AWS…
In brief Altman admitted OpenAI mishandled the 4o-to-5 upgrade and pledged freer, more transparent tools. “Adult mode” will relax content limits while protecting minors and users in crisis. OpenAI’s $1.4 trillion build-out and new foundation will fund AI-driven science and resilience projects. OpenAI chief executive Sam Altman faced users on Tuesday, answering questions in a…
In brief Ethereum’s Fusaka upgrade has passed its final testnet and is set to launch on the mainnet around December 3. The update will lower transaction costs and improve efficiency by expanding blob storage and implementing PeerDAS, which boosts layer-2 scalability. Developers have said the change could increase blob space by over 400%, marking a…
In brief Crypto exchange Gate is adopting an “All in Web3” strategy to position itself as a “full Web3 operating system,” CEO Dr. Han told Decrypt. The platform has launched a suite of products designed to form a “cohesive, secure, and high-performance Web3 stack.” Gate has added a Perp DEX, tokenized stocks, on-chain token launchpad…
In brief American Bitcoin has acquired 1,414 Bitcoin, the company said Monday. Bitcoin was trading above $115,500, its highest level in two weeks. More than 200 companies have built Bitcoin treasuries. American Bitcoin (ABTC), the publicly traded Bitcoin treasury and mining company backed by Eric Trump and Donald Trump Jr., has added 1,414 Bitcoin currently…
