Everything web3, crypto, defi, degen
In brief Pseudonymous crypto influencer The White Whale had his $3 million MEXC account suspended in July, and has been on a social media crusade to get it back ever since. On Friday, MEXC apologized, returned his funds, and promised to make changes to stop it from happening again in the future. However, several other…
In brief Alibaba upgraded Qwen Deep Research with one-click webpage and podcast generation. In testing, Qwen and Gemini tied for accuracy, both outperforming ChatGPT and Grok Overall, Qwen won for research depth and shareable web output, while Gemini led multimedia quality Qwen, the dedicated AI research group within the Chinese tech giant Alibaba, released a…
In brief Predictors on Myriad are leaning bullish while crypto majors range. Odds have swung back in favor of Bitcoin reaching $120K before $100K, and ETH hitting $4,500 before $3,100. With just two teams left, odds for the Los Angeles Dodgers to win the World Series have hit 70%. Crypto traders are undecided about which…
In brief Predictors on Myriad are becoming more bearish in Thursday trading as crypto markets slide. Solana is given just 34% odds by predictors of reaching a new all-time high. Despite gold’s lead in the race to $5K, Myriad users think ETH has a better chance of reaching the mark first. As crypto markets fall…
In brief The outreach was based on a review of 200+ firms with crypto-treasury plans, but only some were reportedly flagged. Regulators are reportedly examining whether leaks or trading on material non-public information may have occurred. Observers have warned that poorly timed treasury strategies may appear gimmicky and expose firms to instability. The Securities and…
In brief North Korean hackers have used fake IT job offers to breach cloud systems and steal millions in crypto, Google and Wiz found. The TraderTraitor campaign has evolved since 2020 to target crypto firms with malware and AI-generated lures. The groups have stolen $1.6 billion in crypto this year and continue to scale their…
In brief Coinbase’s stock fell 17% on Friday, the day after the crypto exchange reported its second-quarter earnings. Analysts say the trading platform is poised to report stronger earnings numbers in subsequent financial quarters. Coinbase’s acquisitions and expansion beyond crypto-only services could lift its sagging stock. COIN plunged 17% on Friday, just a day after…
In brief Analysts’ Coinbase forecasts had called for $1.59 billion in total revenue. The crypto exchange giant has made multiple major acquisitions this year, including for options trading platform Deribit. The company’s stock price was down more than 6% in after-market trading. Coinbase clocked $1.5 billion in total revenue, a 25% drop from the previous financial quarter, as…
In brief Top Shot moments are now collectible via physical vending machines located in Japan. Packs are sold for about $6.70, with payments made via mobile devices after interacting with the machines. Users will not need any knowledge of crypto or blockchains to add to their collection. Basketball highlights from Dapper Labs’ NBA Top Shot…
In brief Solana co-founder Anatoly Yakovenko dismissed meme coins and NFTs as “digital slop,” in a discussion with Coinbase’s Jesse Pollak. Pollak defended platforms like Zora, calling content “incredibly valuable” and coins “the most powerful technology” for enabling value transfer to creators. Despite Yakovenko’s criticism, Solana remains deeply tied to meme coin activity, with launchpad…
