Everything web3, crypto, defi, degen
In brief Addicted is a Solana-based cannabis farming simulator that pays users in WEED tokens. Players have taken to social media to brag about their crypto earnings as the price of WEED surges. However, the play-to-earn format has drawn claims that Addicted is a “Ponzi game.” Addicted, a Solana-powered cannabis farming simulator described as “unhinged”…
In brief Around $21 million in crypto was stolen from addresses tied to Japanese miner SBI Crypto, according to blockchain sleuth ZachXBT. The blockchain sleuth says that the crypto has been laundered via Tornado Cash. SBI Crypto has yet to acknowledge the suspicious transfers. Suspicious outflows totaling about $21 million from addresses tied to Japan-based…
In brief Gabriel Haines often posts shirtless rants about crypto on X. He has raised money to film a pilot for a dark comedy based on industry happenings. The protagonist of “The Max Extractor” is loosely inspired by Libra co-creator, Hayden Davis. When a meme coin crisis befell Argentine President Javier Milei in February, Gabriel…
In brief The White House has abruptly ended Brian Quintenz’s candidacy to lead the Commodity Futures Trading Commission. Crypto lobbying, a dispute with Gemini co-founders the Winklevoss twins, and opposition to Quintenz’s Kalshi links may have played a role. Acting CFTC chair Caroline Pham will remain in place as new contenders are considered. The White…
In brief The pseudonymous Buzzlamic Jihad has joined Aptos as an advisor, after months of memes he posted on social media helped pump the token in February. Buzz told Decrypt he wants to fix Aptos’ image problem and position it as a premium stablecoin network. He also plans to leverage his long-time relationship with the…
In brief Mitchell Amador, CEO of Immunefi, told Decrypt at Token2049 in Singapore that AI tools once limited to security firms are now accessible to groups like Lazarus, enabling massive attacks. Bug bounties have paid out over $100 million but have “hit the limits” as there aren’t “enough eyeballs” to provide necessary coverage, he said…
In brief SAG-AFTRA said Tilly Norwood “is not an actor” and has “no life experience to draw from.” Creator Eline Van der Velden defended Norwood as a “new paintbrush” rather than a replacement for human performers. Entertainers join the growing backlash, calling AI entertainment “scary” and lacking a real connection. Leading actors labor union SAG-AFTRA…
In brief Phantom designed its own stablecoin—CASH—to underpin its new consumer financial platform Phantom Cash. Phantom Cash will offer unique features like peer-to-peer transactions, a Visa debit card, and rewards on unspent CASH. The wallet provider raised $150 million in January at a $3 billion valuation. Popular Solana crypto wallet Phantom unveiled CASH, a new…
In brief OpenAI’s new Sora 2 video model generates synchronized dialogue and sound effects, while an iOS app lets users insert themselves into AI videos through “cameos.” OpenAI compared the release to a “GPT-3.5 moment for video,” with physics-aware clips, multi-scene continuity, and a TikTok-style feed. Sora 2 Pro launched for ChatGPT subscribers, while the…
In brief The SEC issued a “no action” letter to Solana-based project, DoubleZero The regulator indicated that its 2Z token does not resemble a security. The token is set to debut on Friday alongside its mainnet launch. The U.S. Securities and Exchange Commission issued a “no action” letter to DoubleZero on Monday, effectively blessing the…
