Everything web3, crypto, defi, degen
In brief Google’s DORA survey showed nearly all developers coded with AI in 2025—but only a quarter trusted what it spit out. Five thousand engineers told Google the same thing: AI is fast, useful, and totally unreliable. Developers embraced AI like candy, but treated its output like a scam email. Software developers have embraced artificial…
In brief Only a small number of users were affected and no funds were lost, the crypto platform said. Investigators traced the breach to Noah Urban, who used social-engineering tactics to gain access to victim’s funds. Urban was indicted in 2024, pleaded guilty in April, and sentenced last month to a decade in prison. Crypto.com,…
In brief The FTX Recovery Trust has announced its third distribution to former clients of the bankrupt exchange. A total of $1.6 billion will be repaid to creditors this time. The FTX brand went bankrupt in 2022 after it was criminally mismanaged. Creditors of collapsed crypto exchange FTX will receive $1.6 billion at the end…
In brief DeepMind used physics-informed neural networks to find new solutions to Navier-Stokes equations. The AI uncovered a new family of singularities, later proven mathematically correct. The breakthrough could boost weather models, aerodynamics, and climate prediction accuracy. For centuries, the complex mathematics describing the movement of liquids and gases—from the air rushing over an airplane’s…
In brief A federal jury found Braden John Karony guilty of securities fraud, wire fraud, and money laundering in May. The FBI has opened a victim questionnaire to identify SafeMoon investors who may qualify for restitution and services. Observers say enforcement is catching up with DeFi, though restitution remains difficult in decentralized markets. A federal…
In brief The amended complaint claims TaskUs’s India operations were at the center of a coordinated bribery scheme to steal customer information. Plaintiffs allege the company concealed the breach, firing investigators and failing to disclose details in securities filings before a $1.6 billion Blackstone buyout. Coinbase reimbursed affected users, tightened controls, and ended its relationship…
In brief Google launched an open-source protocol to let AI agents handle financial transactions, backed by Coinbase, PayPal, American Express, and the Ethereum Foundation. The protocol expands Google’s Agent2Agent framework with payment support for cards, stablecoins, and real-time bank transfers, plus a crypto-specific x402 extension. The Ethereum Foundation says the effort aligns with its ERC-8004…
In brief U.S. spot Bitcoin ETFs pulled in around $2.3 billion from September 8 to 12. BlackRock’s IBIT and Fidelity’s FBTC captured the bulk of flows, with other issuers posting smaller gains. Observers said the surge reflects structural demand from institutions, with inflows expected to scale further. U.S. spot Bitcoin exchange-traded funds pulled in roughly…
A large-scale hacking exploit targeting JavaScript code with malware that raised alarms earlier this week has managed to steal only $1,043 in cryptocurrency, according to data from Arkham Intelligence.Cybersecurity researchers at Wiz published analysis of a “widespread” supply chain attack yesterday, writing in a blog post that bad actors used social engineering to gain control…
In brief Shengsheng He was sentenced to 51 months for laundering nearly $37M stolen in a crypto investment scam. The funds were moved through a Bahamas-based shell company, converted to crypto, and sent to scammer wallets. The case is part of a wider DOJ crackdown on global crypto fraud and online money laundering. Shengsheng He,…
