Everything web3, crypto, defi, degen
In brief IBM researchers entangled 120 qubits, setting a new benchmark for quantum computing. The GHZ “cat state” achieved fidelity of 0.56, proving full multi-qubit entanglement. Direct Fidelity Estimation confirmed results, offering scalable quantum verification. IBM’s latest quantum breakthrough has edged the crypto world a little closer to its nightmare scenario—a computer capable of breaking…
In brief Michael Saylor thinks Bitcoin will rise to around $150,000 by the end of the year, thanks to diminishing volatility. The Strategy founder predicts BTC will hit $1 million per coin in the next four to eight years. Saylor also said the last 12 months have been the best in the history of the…
In brief MetaMask maker Consensys has tapped JPMorgan and Goldman Sachs to advise on a potential IPO, Axios reported. The Ethereum developer joins Circle and Bullish in pursuing listings as investor appetite for crypto equities improves. It follows a fresh wave of crypto IPOs this year, including Circle’s June debut and Bullish’s August listing on…
In brief The price of Bitcoin fell today following comments from Fed Chair Jerome Powell. Bitcoin sentiment on the prediction market Myriad likewise dropped as bears gain ground. Technical indicators show weak momentum in the short term, while the broader bullish trend remains intact. Bitcoin is bleeding today, and aggregated sentiment on prediction markets is…
In brief President Trump’s official meme coin has jumped 46% over the last week, rebounding after a steep drop earlier this month. Jasper De Maere, desk strategist at Wintermute, told Decrypt the rise may be the result of a “relief rally” as trade war tensions ease. Trump Media this week announced it’ll create a prediction…
In brief 21Shares wants to list a Hyperliquid exchange-traded fund. HYPE, the native coin of decentralized exchange Hyperliquid, is the 16th biggest cryptocurrency by market cap. The SEC is weighing ETF applications tracking different altcoins, and combinations of tokens. Exchange-traded fund issuer 21Shares has applied for an exchange-traded fund tracking the token of the Hyperliquid…
In brief Elizabeth Warren and Bernie Sanders warned that Trump’s plan to let 401(k)s invest in crypto could jeopardize Americans’ retirement savings. In a letter to the SEC and Department of Labor, they called the policy “dangerous,” citing crypto’s volatility and Trump’s potential conflicts of interest. The senators asked whether agencies have studied the risks…
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 The CME FedWatch Tool, which uses futures trading data to infer trader sentiment, predicted a near-certain rate cut. The Conference Board’s Expectations Index, a measure of economic sentiment, remained below the threshold that typically signals a coming recession. Bitcoin has lingered well below the all-time high it set earlier this month. The U.S.…
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…
