Everything web3, crypto, defi, degen
In brief SkyBridge Capital boss Anthony Scaramucci predicted that Bitcoin will be “between $180,000 and $200,000” by the end of 2025. He pointed to supply-and-demand dynamics and institutional interest as major drivers. Scaramucci argued that large institutional investors will mainly opt for Bitcoin ETFs over corporate treasuries. Amid Bitcoin’s roughly 6% pullback this week, former…
In brief A federal judge ordered Eddy Alexandre and EminiFX to pay $228.5 million in restitution to victims of a crypto Ponzi scheme that promised fake weekly returns of 5% to 9.99% using nonexistent “AI trading technology.” Alexandre exploited his position of trust within Long Island’s Haitian community and his own church congregation to recruit…
In brief Meta will restructure the Superintelligence Labs into four new AI-focused divisions. An internal memo reveals that AI chief Alexandr Wang will lead one of the new units. Zuckerberg says Meta is committed to leading in the race toward AI superintelligence. Meta is breaking up its AI Superintelligence Labs into four divisions focused on…
In brief Stablecoin supply climbed to $160 billion, with $32 billion on exchanges and daily inflows topping $1.2 billion, creating the largest pool of deployable capital in crypto history. Bitcoin, Ethereum, and XRP posted modest 24-hour gains as markets consolidate ahead of a possible September Fed rate cut. While some analysts see the surge in…
In brief Doop, an app that pays users to take photos of their poop, is expected to launch its public beta this fall. It will use an AI agent to analyze the photos to provide custom tips and challenges based on the results. Further down the line, the dataset will be sold to organizations and…
In brief Wyoming’s Frontier Stable Token debuted on seven networks, including Ethereum, Solana, and Avalanche. The token could offer a yield in the future, while funding local education. It could theoretically be issued on more than 110 networks through LayerZero. Wyoming’s stablecoin debuted across seven blockchains on Tuesday, a new milestone for the Cowboy State…
In brief Stablecoin issuer Tether has appointed Bo Hines, former crypto advisor to the Trump administration, as a strategy advisor. Hines left his role as President Trump’s crypto advisor last week, after helping shape the landmark GENIUS Act. In his new position, Hines will help Tether “shape and execute the company’s U.S. market entry.” Stablecoin…
In brief A solo Bitcoin miner solved a block on Sunday—a rare feat these days. The independent miner took home around $365,000 in rewards and fees. Mining Bitcoin is a cutthroat industry; even the major players face challenges. An independent Bitcoin miner hit the jackpot Sunday, outgunning the top mining operations that typically solve blocks…
In brief BTCS is paying investors a “loyalty payment” to make shares illiquid. The company’s shares are trading below the value of its crypto holdings. BTCS CEO Charles Allen said short sellers are targeting the firm. Ethereum treasury firm BTCS has offered investors a one-time payment for making their shares illiquid on Monday, saying that…
In brief Hackers are using fake Captchas to distribute Lumma Stealer malware, new research has found. Once installed by an unsuspecting user, the malware searches infected devices for credentials, including crypto wallet data. Lumma Stealer is an example of Malware-as-a-Service, which is effectively run as a “sustainable cybercriminal business,” experts told Decrypt. Bad actors are…
