Everything web3, crypto, defi, degen
In brief AI coding startup Cognition is closing a $300M+ funding round, rocketing its “autonomous coder” Devin to a $10 billion valuation. Devin wowed Silicon Valley with viral demos, but critics say it still flubs real-world coding and needs human help. Investors keep piling in as agentic AI hype grows—despite bugs, flops, and open questions…
In brief Galaxy CEO Mike Novogratz said that Ethereum could do better than Bitcoin over the next three to six months. Institutions buying the second-biggest cryptocurrency will help propel its rise, he said. ETH remains well below its all-time high mark from 2021, while Bitcoin just recently hit another fresh peak. Crypto entrepreneur and billionaire…
In brief Ripple co-founder Chris Larsen has moved 50 million XRP since July 17. Larsen has moved most of that amount to exchanges. The third biggest cryptocurrency by market value hit a new all-time high last week. Ripple co-founder and Executive Chairman Chris Larsen moved more than 50 million in XRP over the past week…
In brief Ben “Funky” Askren promoted a Solana meme coin on his social media on Wednesday, which was “rug pulled” not long after. It appears to have come as part of a paid promotion with Sahil Arora, the celeb coin creator behind Caitlyn Jenner’s infamous venture into crypto. Arora told Decrypt Askren was aware of…
In brief House Majority Whip Tom Emmer (R-MN) believes the Senate will ultimately opt to pass the House’s market structure bill, the CLARITY Act. The Senate is currently in the midst of drafting its own market structure bill, which it plans to deliberate on in September. Emmer says the White House has communicated that it…
In brief Elon Musk said that the X-owned video app Vine is set to return with an AI twist. Vine Coin, launched by the app’s co-founder earlier this year, spiked in value following the news. There is no confirmation that the relaunch will utilize the Solana meme coin, despite the wishes of investors. X owner…
In brief XRP hit a new all-time high of $3.66 this week before retreating to $3.15 amid surging volumes and renewed market attention. Ripple CEO Brad Garlinghouse warned of scammers impersonating the firm on YouTube and other social sites. The cryptocurrency’s older retail base makes it especially vulnerable to social engineering, analysts told Decrypt. After…
In brief Bitcoin was up 1.1% in Thursday trading, even as major altcoins like XRP, Solana, and Dogecoin were in negative territory. BTC volatility dropped to 1.49%, with experts noting this decreased volatility indicates BTC is maturing into an institutional-grade asset. Marathon Digital upsized its latest offering to $950 million to purchase Bitcoin and expand…
In brief Crypto mogul Arthur Hayes previously predicted that Ethereum would hit $5,000 per coin this year. He now thinks it will soar to $10,000, following the coin’s recent surge. Hayes argues in a blog post that credit expansion in the U.S. will cause the digital coin’s surge. Ethereum has made a comeback, recently hitting…
In brief After pulling in $2.5 billion over the first 10 months since launch, Ethereum ETFs have attracted $5 billion since mid-May alone, signaling accelerating institutional demand. Analysts note that price momentum is lagging behind institutional inflows. While the long-term outlook remains bullish due to institutional adoption, one analyst is positioning for a potential short-term…
