Everything web3, crypto, defi, degen
In brief A romance web-novel hit No. 1 after its author used AI to publish dozens of chapters a day, gaming Kakuyomu’s ranking system. The author apologized for not making it obvious that the novel was largely AI-generated. Writers warn the flood of AI fiction could drown human voices, while defenders call it creative evolution…
In brief ASIC has released an updated version of Info Sheet 225, expanding how financial-services laws apply to digital assets, including stablecoins, staking, and tokenized products. The guidance introduces new custodial standards and 18 classification examples while reaffirming that Australian law applies to offshore and decentralized platforms serving local users. The update aligns with Treasury’s…
In brief Hacker News users railed against forced AI integrations that bloat tools and disrupt workflows. Research links overexposure to AI with fatigue, stress, and “cognitive overload” in both consumers and employees. Analysts warn that user burnout, not regulation, may be the real brake on the AI gold rush. If you’ve ever grumbled at an…
In brief SharpLink Gaming is deploying $200 million in Ethereum from its corporate treasury onto Linea, a layer-2 network. The effort will unfold over multiple years to generate enhanced yields through staking, restaking, and DeFi incentives. SharpLink and Consensys are working to develop institutional capital markets primitives on Ethereum, including on-chain capital raises and tokenized…
In brief Trump Media and Technology Group, in which President Donald Trump is a majority stakeholder, is working with Crypto.com to debut a prediction market. Truth Predict, users will allow users to put money on sports games, elections, and other events. A Nevada judge this month denied Crypto.com’s injunction request to block state gaming regulations…
In brief Kalshi has filed a federal lawsuit against New York regulators seeking to block the state from treating its sports prediction markets as illegal gambling. The suit came after an October 24 cease-and-desist letter from New York’s gaming commission threatening civil penalties unless Kalshi halted sports-event contracts. Judge Andrew P. Gordon previously denied Crypto.com’s…
In brief Shares of ETHZilla (ETHZ) jumped 14% on Monday after Beyond Meat investor and influencer Dimitri “Capybara Stocks” Semenikhin got behind the firm. Semenikhin claims to have purchased more than 2% of shares due to the steep discount between its trading market cap and the net value of assets. The company said Monday that…
In brief Yuga Labs is launching the Koda Nexus, a social and interactive hub in its Otherside metaverse, on November 12. The firm is also teaming with Amazon Gaming to launch a co-branded NFT avatar that can explore the metaverse. The Otherside has been in development since 2022 after Yuga Labs sold tokenized plots of…
In brief BitMine Immersion Technologies added $321 million worth of ETH last week. The company now holds over $13.8 billion worth of ETH, leading the Ethereum treasury accumulation race. BitMine shares are up more than 5% on the day. BitMine Immersion Technologies added another $321 million worth of Ethereum (ETH) to its stockpile over the…
In brief Dimitri “Capybara Stocks” Semenikhin has emerged as the leader of the Beyond Meat meme stock movement, akin to Roaring Kitty during the GameStop craze. Semenikhin is a 28-year-old Russian man living in Dubai and working for his family real estate development company. He started posting on Reddit under the Capybara Stocks pseudonym as…
