Everything web3, crypto, defi, degen
In brief Jeff Bezos’ Blue Origin is accepting cryptocurrency payments for flights to space. Crypto holders can use Bitcoin, Ethereum, and Solana to snag their seat on the firm’s New Shepard spacecraft. Crypto payments are facilitated by global payments firm, Shift4. Amazon founder Jeff Bezos’ rocket and space exploration firm Blue Origin is now accepting…
In brief GPT-5 is fast, accurate, and cost-effective at code generation, beating most rivals in logic and technical tasks. However, with its relatively small context window, it’s weak in creative and right-brain output. It’s still a work in progress and will likely get better as OpenAI iterates with updates. OpenAI finally dropped GPT-5 last week,…
In brief Chinese tech giant Ant Group has said claims it’s working on a rare earth RMB stablecoin are false. It comes amid exploration of stablecoin uses by Chinese e-commerce firms. Hong Kong’s stablecoin regulatory regime has been a key driver for increased interest. Chinese tech giant Ant Group has denied online rumors that it…
In brief Grok is Elon Musk’s irreverent answer to ChatGPT—designed to be edgy, real-time, and politically incorrect. Built into X, Grok has rapidly evolved through multiple versions, with Grok 4 powered by xAI’s Colossus supercomputer. Despite its growth, Grok has faced backlash for offensive responses and accuracy issues. Created to be a more irreverent, politically…
In brief Coinbase is raising $2 billion in convertible notes for acquisitions and general corporate purposes amid analyst concerns over Q2’s 25% revenue drop. Two Seas Capital, Core Scientific’s largest shareholder with 6.3% stake, opposes the $9 billion all-stock sale to CoreWeave as “inadequate valuation.” Block Inc. added 108 Bitcoin to its corporate treasury in…
In brief Block purchased 108 BTC during Q2 with a cost basis of $11 million. Its total bitcoin investment is now valued at $1.15 billion, with $2.14 billion coming from Bitcoin sales through Cash App. The company recognized $212.2 million gain on bitcoin remeasurement during the quarter. Jack Dorsey’s Block Inc. continued its bitcoin accumulation…
In brief GPT-5 launched with unified multimodal powers—text, images, voice, and live video—all in one package; no more juggling separate bots for every task. Rollout starts today for all ChatGPT users, but power features and top speed go to Pro subscribers; Microsoft plugs it into Copilot and GitHub on day one. OpenAI touts “expert-level reasoning”…
In brief ASIC has charged four men in Victoria for allegedly laundering proceeds from a fake bond scheme. Victim funds were funneled through Australian accounts and converted into cryptocurrency or sent offshore. The charges come as scams cost Australians hundreds of millions annually. The Australian Securities and Investments Commission (ASIC) has charged four men in…
In brief Marex is the first clearing firm to use JPMorgan’s Kinexys blockchain platform for client settlements, the companies said Wednesday. The partnership with Brevan Howard Digital enables 24/7 payments using blockchain-based deposit accounts. The move signals growing institutional interest in programmable, real-time settlement infrastructure. Financial services firm Marex has become the “first clearing firm”…
In brief Bitcoin’s daily profit-taking plummeted from $2 billion to $1 billion over the past six months. Short-term profit-taking has slowed, but supply in profit remains high. Macro uncertainty and growing risks have pushed investors into capital protection mode. On-chain metrics are flashing potential signs of stabilization for Bitcoin as profit-taking activity declines amid uncertainty…
