Everything web3, crypto, defi, degen
In brief Qubic said that it had momentarily achieved control of 51% of the hash rate of privacy blockchain Monero. The firm said the event was an “experiment” and a way to “help” the network. However, a few experts said there had been no independent verification of the attack. AI protocol Qubic said it had…
In brief Wisconsin Democrats have introduced two identical bills within weeks to tighten rules on crypto kiosks amid rising fraud losses. The proposals require money transmitter licenses, strict ID verification, fraud alerts, and caps on fees and daily transaction limits. Lawmakers cite a 99% surge in fraud complaints in 2024, with reported victim losses nearing…
In brief Bitcoin’s weekend rally stalled Monday as traders booked profits. Experts suggest a potential drawdown if Tuesday’s U.S. CPI print comes in hotter than expected. Bitcoin options data shows traders are hedging for downside risk with puts. Bitcoin’s surprise weekend rally hit a wall Monday with a move that undid more than half of…
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”…
