Everything web3, crypto, defi, degen
In brief Google is launching Kaggle Gaming Arena with top AI models facing off in a live-streamed chess tournament. ChatGPT, Gemini, Claude, and others will compete in bracket-style matches judged by skill-based rankings. The tournament will test AI reasoning under pressure, with move logic and strategy revealed to the public. On Tuesday, Google will launch…
In brief The overall crypto market is down just over 3% in the last week. Is it time to panic? Bitcoin remains relatively stable compared to meme coin counterparts. The technical picture remains overall bullish. The next few trading days could prove crucial. There are two kinds of people in the crypto world: those who…
In brief Japanese investment firm Metaplanet has filed to raise $3.7 billion through preferred shares to fund Bitcoin purchases toward 210,000 BTC goal by 2027. The proposed offering represents 75% of its current market cap and requires shareholder approval on September 1. Metaplanet cautioned that no specific issuance plan exists yet, with Bitcoin trading rangebound…
In brief Coinbase has accused the Federal Deposit Insurance Corporation of “stonewalling” efforts to obtain Operation Chokepoint 2.0 records despite court orders compelling disclosure. Court filings reveal the FDIC categorically denied requests without searching and maintained policies to withhold bank examination records “in full” without review. The crypto exchange wants sworn testimony from FDIC officials…
In brief Ethereum celebrated its 10th anniversary on Wednesday, persevering through a decade of existential threats and evolution. Over the next 10 years, advocates believe the network will complete a spree of upgrades, improve layer-2 interoperability, and become the “settlement layer for everything.” Consensys pushed back on concerns that quantum computing could pose an existential…
In brief The Pentagon has awarded $50 million contract to Auterion for 33,000 AI drone strike kits for Ukraine. The Kits turn commercial drones into autonomous weapons. Experts say autonomous commercial drones are a growing part of modern warfare. The Pentagon has awarded a $50 million contract to Swiss defense software firm Auterion to deliver…
In brief Z.ai’s GLM-4.5 and Air models leapfrog Western AIs, hitting No. 3 globally in industry tests. The startup, blacklisted by Washington, raised $1.5B as Chinese state funds pile in. New models are open-source, super-efficient, and cost a fifth of Western rivals to use. Beijing-based Z.ai, recently added to the U.S. Entity List and backed…
In brief Ethereum topped $3,900, its first time above that level since December, before retreating. Bernstein analysts said that Ethereum treasuries would have to weigh liquidity risks. The ETH treasuries have followed a general model pioneered by Bitcoin pioneers like Strategy. Ethereum treasuries are treating the asset differently than their Bitcoin-focused counterparts, generating staking rewards…
In brief Nasdaq-listed Mill City Ventures III is the latest company to start a crypto treasury. The financial firm will buy SUI. Increasingly more publicly traded companies are buying altcoins. Bitcoin treasury firm Strategy started the trend but now companies are diving into other cryptocurrencies to put on their balance sheets—with the latest being SUI. Nasdaq-listed…
In brief XRP price is down more than 12% on the week. Dogecoin is down even worse, over 18% in the last seven days. Technical indicators show differing paths. Here’s why. If you bought into the XRP or Dogecoin hype recently, you might be asking yourself what went wrong. You’re also probably a lot less…
