Everything web3, crypto, defi, degen
In brief CoinDCX CEO Sumit Gupta denied reports that Coinbase is in talks to acquire the exchange, calling the claims “rumors.” The news comes after CoinDCX was hacked for $44.2 million hack on July 18, prompting the exchange to launch a bounty program. Coinbase, already FIU-registered in India, is eyeing deeper expansion as it allegedly…
In brief The Pentagon has awarded $50 million contract to Auterion for 33,000 AI drone strike kits for Ukraine. The Kits turn commercial drones into autonomous weapons. Experts say autonomous commercial drones are a growing part of modern warfare. The Pentagon has awarded a $50 million contract to Swiss defense software firm Auterion to deliver…
In brief Z.ai’s GLM-4.5 and Air models leapfrog Western AIs, hitting No. 3 globally in industry tests. The startup, blacklisted by Washington, raised $1.5B as Chinese state funds pile in. New models are open-source, super-efficient, and cost a fifth of Western rivals to use. Beijing-based Z.ai, recently added to the U.S. Entity List and backed…
Software firm turned Bitcoin treasury company Strategy has been buying Bitcoin for more than five years, pioneering the growing trend of publicly traded firms that are adding cryptocurrencies to their balance sheets.What started as a way to “maximize long-term value for shareholders” has transformed into an industry-shifting paradigm that has been further fueled by greater…
In brief Pump.fun’s PUMP token has crashed more than 60% since its launch, following a $600 million iCO. The meme coin launchpad’s co-founder has said there’s no airdrop coming any time soon, which only intensified the sell pressure. What do the charts say? It’s not looking good. The crypto market’s risk-on sentiment has done little…
In brief Publicly traded Tron uses a communal office space as its principal place of business. The space is still reserved under the company’s former name, SRM Entertainment. Justin Sun rang the Nasdaq’s opening bell in New York earlier this week. At Tron’s principal place of business in Winter Park, Florida, there are no apparent…
In brief Block on Wednesday joined the coveted S&P 500. Its payments company, Square, started rolling out a Bitcoin accepted feature. Owen Jennings, said on Tuesday that Block’s point-of-sale payment company, Square, was onboarding customers for “the new native Bitcoin acceptance experience.” Jack Dorsey’s Block (XYZ) has started adding the first customers for its Bitcoin…
In brief Ethereum game Tokyo Beast on layer-2 network Immutable zkEVM will shut down in August. Producer Naoki Motohashi said in a blog post that the rapid closure is due to operational cost challenges. Tokyo Beast will compensate NFT owners and some TGT token holders amid the end of services. Numerous crypto games have shut…
In brief Kitabo Co., a century-old Japanese textile firm, plans to buy Bitcoin worth ¥800 million (approx. $5.4 million). The move aligns with a broader trend in Asia, where traditional firms like Metaplanet are adopting Bitcoin to hedge against monetary debasement. Kitabo will acquire the digital asset via dollar-cost averaging and may lend holdings to…
The total cost to buy and sell bitcoins at an exchange involves more than you might think. It depends not only on trades fees, but also on deposit and withdrawal fees, conversion fees, and slippage from spread and depth. This can make it difficult to know what your true transaction cost is, especially since the…
