Everything web3, crypto, defi, degen
In brief Bitcoin dropped more than 6% during Q3, a more tepid performance than in the previous quarter. On Monday, Strategy announced a $43 million Bitcoin purchase for its treasury, its largest in a month. Co-founder Michael Saylor has remained upbeat about Bitcoin, despite its price drop this month. Leading Bitcoin treasury Strategy (MSTR) generated…
In brief AI computing company CoreWeave was set to buy Bitcoin miner Core Scientific in a $9 billion all-stock deal. But Core Scientific shareholders rejected the proposed transaction on Thursday. Shares of CoreWeave dipped on the news; Core Scientific’s stock rose. Bitcoin miner Core Scientific shareholders have rejected a proposed $9 billion merger with AI…
In brief In controlled trials, advanced Claude models recognized artificial concepts embedded in their neural states, describing them before producing output. Researchers call the behavior “functional introspective awareness,” distinct from consciousness but suggestive of emerging self-monitoring capabilities. The discovery could lead to more transparent AI—able to explain its reasoning—but also raises fears that systems might…
In brief Gold’s pullback may create space for a Bitcoin catch-up trade, experts say. Gold has suffered a six-day, 10% slide only 10 times in the past 45 years, and in each case the metal regained losses within roughly two months, posting an average rebound of about 8%. The Q4 outlook for both assets remains…
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 President Trump’s official meme coin has jumped 46% over the last week, rebounding after a steep drop earlier this month. Jasper De Maere, desk strategist at Wintermute, told Decrypt the rise may be the result of a “relief rally” as trade war tensions ease. Trump Media this week announced it’ll create a prediction…
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 Telegram launched Cocoon, a decentralized AI compute network on TON that pays GPU owners in crypto for powering private AI tasks. Telegram will use Cocoon internally, integrating it into Mini Apps and AI tools for its billion-plus users. The project challenges Big Tech’s dominance, positioning TON as an open, user-controlled alternative to AWS…
In brief SharpLink Gaming is deploying $200 million in Ethereum from its corporate treasury onto Linea, a layer-2 network. The effort will unfold over multiple years to generate enhanced yields through staking, restaking, and DeFi incentives. SharpLink and Consensys are working to develop institutional capital markets primitives on Ethereum, including on-chain capital raises and tokenized…
In brief Coinbase offers Bitcoin-backed loans as a technology provider. The exchange’s competitors have state-by-state licenses. Coinbase applied for a national trust charter this month. As Coinbase leans into its Bitcoin-backed lending product, the exchange is offering customers competitive rates by connecting them with lightly vetted pools of capital, which don’t require people to provide…
