Everything web3, crypto, defi, degen
In brief OpenAI CEO Sam Altman calls compute power the “fuel” driving AI models, revenue, and growth. 10 gigawatts of AI compute equals the power use of millions of homes, sparking energy concerns. Experts warn AI’s electricity and water demands could strain grids worldwide. Nvidia is betting big on the future of artificial intelligence, committing…
In brief Researchers found that the Unitree G1 robot sends audio, video, and spatial data without notifying users. Proprietary encryption uses hardcoded keys, allowing offline data decryption. The report warned that the robot could potentially be used in covert surveillance or cyberattacks. In the escalating humanoid robotics race, the spotlight usually falls on Tesla’s Optimus…
In brief September got off to a hot start, but the seasonal “Red September” curse might now be kicking in. Bitcoin is now just 4% away from marking another down month in September, historically the worst month of the year for markets. Myriad prediction market users remain somewhat bullish, but the charts paint a less…
In brief The UAE Ministry of Finance signed the Multilateral Competent Authority Agreement under CARF on Sunday, following its November 2024 announcement. Implementation begins in 2027, with the first international tax information exchanges expected in 2028. An eight-week public consultation launched on September 15 invites all crypto stakeholders to weigh in on potential impacts and…
In brief Tidal Financial Group applied for a leveraged AltAlt Season Crypto ETF, along with two other filings on Thursday. The proposed fund confounded even some of the fund industry’s sharpest observers unsure what an “alt alt season” was. The fund will relate initially to the performance of XRP and Solana, and exclude Bitcoin and…
In brief Arc is a blockchain built by USDC issuer Circle for stablecoin-focused applications. It uses USDC for gas, features a built-in FX engine, and enables opt-in privacy. Public testnet is expected later this year, with a mainnet beta planned for 2026. Circle, the company behind the USDC stablecoin, has launched a new blockchain platform…
In brief The crypto market rebounded to $4.15 trillion as Bitcoin hovered near $116,000, Cardano climbed 5%, and NEAR soared 15%. A $74 billion recovery came as the Federal Reserve cut rates by 25 bps and gold surged to $3,700. September’s cautious sentiment held, but Bitcoin, Cardano, and Near are posting divergent signals. The cryptocurrency…
In brief U.S. spot Bitcoin ETFs ended a seven-day streak of inflows as Wednesday saw $51.3 million in net outflows. BlackRock’s iShares fund added $150 million while Fidelity and Grayscale posted steep redemptions. Bitcoin ticked up slightly to $117,800 after the Fed cut rates by 0.25 percentage points. Spot Bitcoin ETFs ended a seven-day streak…
In brief Pixelverse is expanding beyond its successful Telegram tap-to-earn game, launching an arcade platform on Ethereum layer-2 network, Base. Its expansion is focused on delivering more Web3 mechanics to a receptive audience of crypto-native users. Its first game is Storychain, an AI agent-led game focusing on collaborative storytelling through social media. Pixelverse is moving…
In brief Markets are expecting the Federal Reserve to cut interest rates on Wednesday. The price of Bitcoin has risen this week but some analysts aren’t expecting the asset to rise on the announcement. Instead, traders will be paying attention to Fed Chair Jerome Powell’s comments after the decision, analysts told Decrypt. Bitcoin has typically…
