Everything web3, crypto, defi, degen
In brief DeepMind used physics-informed neural networks to find new solutions to Navier-Stokes equations. The AI uncovered a new family of singularities, later proven mathematically correct. The breakthrough could boost weather models, aerodynamics, and climate prediction accuracy. For centuries, the complex mathematics describing the movement of liquids and gases—from the air rushing over an airplane’s…
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 IMX climbed nearly 17% Thursday and is up 50% over the past week, CoinGecko data shows. Ubisoft and NetMarble collaborations highlight Immutable’s push to bring crypto rewards into mainstream gaming. SEC approval of broader ETF listing standards has added to the upbeat sentiment across altcoins. Immutable (IMX) led gains among select altcoins on…
In brief The plan includes auto-enrolment pensions, tax incentives, and steps toward market integration. Oversight changes could give ESMA a role in supervising crypto and cross-border infrastructures. The push follows warnings on stalled reforms and comes amid debate over the digital euro. The European Union is preparing a year-end push to expand pension savings and…
In brief ASIC has granted class relief for intermediaries distributing stablecoins issued under an AFS licence. An expert told Decrypt this “helps bridge regulatory friction while Treasury finalises its proposed stablecoin regime.” ASIC noted the relief could be extended to additional issuers as more look to secure AFS licences. The Australian Securities and Investments Commission…
In brief The Fed delivered a 25bps cut in an 11–1 vote, but markets reacted with little enthusiasm. Bitcoin slipped 0.69% after briefly touching $117K earlier in the day. Overall market sentiment remains neutral, though predictors on Myriad lean bullish. Fed fatigue or was it simply priced in all along? Bitcoin is down a paltry…
In brief Switzerland allowed Backed to avoid whitelisting xStocks. Tokenized Tesla shares have the largest supply. xStocks have roughly 30,000 unique holders. Balancing compliance needs against the open and accessible nature of decentralized finance ultimately brought Backed Finance to Switzerland, according to co-founder Adam Levi.The company was registered in the European nation because it allowed…
In brief Crypto exchange Bullish has received the green light to operate in New York by regulators. The BitLicense and Money Transmission License comes after the exchange had a roaring debut on the New York Stock Exchange in August. Bullish shares rose on the news. Shares of Peter Thiel-backed crypto exchange Bullish jumped 5% after…
In brief OFAC has sanctioned two Iranians and multiple firms in Hong Kong and the UAE. The designations hit a shadow banking network tied to oil sales and cryptocurrency transactions for the IRGC-QF and MODAFL. The measures follow Israeli moves against 187 crypto wallets linked to the IRGC. The U.S. Treasury Department has imposed sanctions…
In brief The couple raised funds from nearly 600 investors through INDXcoin and Sumcoin. Judge Heidi Kutcher found the tokens misrepresented as safe despite audit failures and no market value. A July grand jury indictment separately charged the Regalados with 40 felonies that could bring prison time. A Colorado court has entered judgment against a…
