Everything web3, crypto, defi, degen
In brief The firm will slide Palisade’s offerings into its Ripple Payments and Ripple Custody solutions. Ripple acquired Hidden Road and GTreasury in billion dollar deals earlier this year. Ripple ended a four-year legal battle with the SEC this August. Ripple has acquired digital wallet provider and custody firm Palisade, the blockchain-based financial technology company…
Trade, win and feast This Thanksgiving, we’re serving up more than turkey. From Nov. 3–14, all Kraken Derivatives US clients can join our Turkey Trading Competition — with a $50,000 prize pool and even a turkey for the top trader (yes, really). Opt in and place your first trade; every position counts toward your leaderboard…
In brief Tether reported $10 billion in profit for the first three quarters of 2025—surpassing Bank of America, and nearing Goldman Sachs and Morgan Stanley’s earnings. The company’s profits stem largely from returns on $135 billion in U.S. Treasuries backing its USDT reserves. Headquartered in El Salvador, Tether plans to launch a U.S.-compliant stablecoin, USAT,…
In brief Meta has asked a U.S. court to dismiss a lawsuit by Strike 3 Holdings, alleging that it used corporate and hidden IPs to torrent nearly 2,400 adult films since 2018 for AI development. Meta says the small number of alleged downloads points to “personal use” by individuals, not AI training. The company denies…
In brief Senator Chris Murphy (D-CO) has alleged that Binance helped facilitate Trump’s “corrupt crypto coin” and UAE deals in exchange for a presidential pardon of founder Changpeng Zhao. Binance listed Trump’s USD1 stablecoin on Tuesday, one week after Zhao’s pardon, prompting Murphy to call the White House a “24/7 corruption machine.” Democrats, including Maxine…
In brief Palantir Technologies has sued two former senior AI engineers for allegedly stealing confidential documents. The defendants allegedly sent themselves highly confidential files, including healthcare revenue cycle diagrams and internal demonstration frameworks. General Catalyst CEO Hemant Taneja has publicly admitted earlier that the venture capital firm was creating “a version” of Palantir’s business. Palantir…
In brief Drake faces a class-action lawsuit accusing him and Adin Ross of promoting Stake.us, an allegedly illegal gambling site posing as a “social casino.” The suit says Stake used digital “Gold Coins” to mask real-money betting and that Drake’s promotions targeted young fans. In a potential departure from past celebrity crypto cases, plaintiffs argue…
In brief Character.AI will remove open-ended chat features for users under 18 by November 25, shifting minors over to creative tools like video and story generation. The move follows last year’s suicide of 14-year-old Sewell Setzer III, who developed an obsessive attachment to a chatbot on the platform. The announcement comes as a bipartisan Senate…
In brief The bill targets AI chatbots and companions marketed to minors. Data has shown widespread teen use of AI for emotional support and relationships. Critics say companies have failed to protect young users from manipulation and harm. A bipartisan group of U.S. senators on Tuesday introduced a bill to restrict how artificial intelligence models…
OpenAI has suffered a legal setback in its copyright battle, as a federal judge ruled that authors can pursue claims the company unlawfully downloaded their books.U.S. District Judge Sidney H. Stein denied OpenAI’s motion to strike what the company characterized as a new “download claim” in a ruling Monday, finding that prior complaints adequately notified…
