Everything web3, crypto, defi, degen
In brief Four people in London were convicted for kidnapping a Belgian barber after he boasted online about a crypto fortune he didn’t actually have. The gang ambushed him with weapons, but after discovering his wallet held only $9, they extorted $2,700 from his bank instead. The case highlights rising “wrench attacks,” where criminals physically…
In brief Telegram’s native crypto wallet app is rolling out to users in the United States. The TON Wallet allows users to buy, sell, and send crypto directly in the Telegram messaging app. TON Wallet is developed by The Open Platform, the TON ecosystem’s first company with unicorn status. Telegram’s native crypto wallet is beginning…
In brief JPMorgan is reportedly exploring crypto-backed loans secured by Bitcoin and Ethereum. The move follows growing institutional interest and regulatory clarity, including the recent passage of the GENIUS Act. Experts say Basel III rules remain a hurdle, but JPMorgan’s plans may signal progress toward treating crypto as acceptable collateral in TradFi. JPMorgan Chase is…
In brief Thousands of Ring users reported suspicious May 28 logins, raising fears of a widespread hack. Amazon said the issue was caused by a backend bug that incorrectly displayed login dates and device names. Users remain skeptical, especially as Ring recently reintroduced law enforcement access through a new Axon partnership. Amazon’s Ring cameras went…
In brief Pump.fun boasts some of the most impressive numbers in the entire crypto industry, growing faster than any crypto app before it. It recently raised $600 million in an ICO, but it’s PUMP token is now close to falling below its ICO price. As competitors rise and Pump.fun’s revenue slows, can the Solana meme…
In brief The Ether Machine is debuting on the Nasdaq with a $1.5 billion stash of Ethereum. The company plans to leverage staking and decentralized finance. At 400,000 Ethereum, the company’s holdings would be the largest among entities that have joined a so-called Strategic Ethereum Reserve. Another firm dedicated to generating Ethereum is making its…
In brief Streaming giant Netflix has revealed that it used generative AI for a VFX sequence in its show “The Eternaut.” Netflix co-CEO Ted Sarandos called generative AI “an incredible opportunity to make films and series better, not just cheaper.” There is widespread concern among film industry professionals over the threat posed by AI to…
In brief Bedrock Robotics raised $80 million to retrofit construction equipment with AI-driven automation. The startup aims to address a nationwide labor shortage and improve job site safety. Its autonomous systems are already operating in several states, with operator-less deployments planned for 2026. With construction sites across the U.S. stalled by labor shortages, San Francisco-based…
In brief You can now get Bitcoin transactions added to the blockchain for a lot cheaper than before. Mining pools cut the rate as Bitcoin blockchain activity has been low. Bitcoiners disagree over whether the coin should be used for everyday payments or primarily to hold value. The debate over whether Bitcoin is best suited…
In brief A 74-year-old man disappeared in May after leaving home without his phone. Authorities believe the disappearance is linked to the man’s family’s crypto fortune. They’ve found evidence of fraudulent activity and impersonation of him to communicate with family members. The man’s son, a hedge fund executive, believes someone stole his father’s identity and…
