Everything web3, crypto, defi, degen
In brief KitKat, a beloved San Francisco bodega cat, has died after allegedly being hit by a Waymo self-driving taxi. Crypto degens have launched and are trading a range of KitKat-themed tokens in response. Those mourning the furry friend are calling for the city to reassess its relationship with self-driving cars, while meme coin traders…
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 Dare Market brands itself as the “most unhinged platform on the internet,” as it creates a place for people to be paid to do goofy stunts. However, Dare Market says it won’t allow dangerous content on the site due to its strict moderation policy. The project raised a $2 million pre-seed round led…
In brief Thai police have arrested Chinese national Liang Ai-Bing on Wednesday over an alleged $14 million crypto scam tied to defunct platform FINTOCH. FINTOCH promised 1% daily returns, falsely claimed Morgan Stanley backing, and used an actor as a fake CEO before an exit scam in May 2023. On-chain analyst ZachXBT traced the rug…
In brief Bitchat ranked first in Jamaica’s App Store social networking category during the storm. The app includes a feature that lets users pin messages to specific areas, such as shelters or danger zones. Developer Calle told Decrypt the increase shows how the app is meant to keep people connected when infrastructure breaks down. Downloads…
In brief 1X unveiled NEO—a $20,000 home robot—this week, promising AI-powered chores and companionship. Users raised privacy and safety concerns, comparing it to self-driving tech. 1X says early buyers must agree to data collection to help improve NEO’s abilities. The humanoid race looked ready to enter the living room this week—until viewers saw what 1X’s…
In brief Elizabeth Warren and Bernie Sanders warned that Trump’s plan to let 401(k)s invest in crypto could jeopardize Americans’ retirement savings. In a letter to the SEC and Department of Labor, they called the policy “dangerous,” citing crypto’s volatility and Trump’s potential conflicts of interest. The senators asked whether agencies have studied the risks…
In brief MoviePass wants people to wager on the box office. Its service doesn’t use actual money yet. Betting giants like DraftKings are interested in prediction markets. MoviePass, a company that used to let customers binge an unlimited number of movies in theaters for a monthly fee, began letting more people wager on box-office performances…
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…
In brief Perpetual futures, or perps, have been a big business in crypto this year, generating $1.27 trillion in trading volume over the past 30 days. Crypto wallets MetaMask and Phantom, as well as Telegram mini-app Blum, now offer perps natively within their apps. Analysts warn they present a “double-edged sword” to new users who…
