Everything web3, crypto, defi, degen
In brief AI coding startup Cognition is closing a $300M+ funding round, rocketing its “autonomous coder” Devin to a $10 billion valuation. Devin wowed Silicon Valley with viral demos, but critics say it still flubs real-world coding and needs human help. Investors keep piling in as agentic AI hype grows—despite bugs, flops, and open questions…
In brief Altcoins are falling hard Wednesday following a recent surge in prices for Ethereum, XRP, and more. Glassnode reports that altcoin open interest hit a new all-time high, skyrocketing since the start of July. That growth in derivatives trading may result in more volatility, which could explain the dip. The recent crypto market euphoria…
In brief At least 3,500 websites are running a hidden Monero mining script delivered through a malicious injection chain. Attackers reused access from past campaigns, targeting unpatched sites and e-commerce servers. The malware keeps a low profile, limiting resource use to avoid triggering suspicion or security scans. Hackers have infected more than 3,500 websites with…
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 UK Chancellor Rachel Reeves is reportedly exploring the sale of the government’s holdings of confiscated Bitcoin, worth $7.2 billion (£5.33 billion). Trade association CryptoUK has urged the government to reconsider, saying that such plans would “run contrary” to efforts to foster growth in the UK’s crypto sector. A growing number of countries around…
Pump.fun’s recent token sale has reignited debate around the sustainability of Solana’s meme launchpad model, according to a July 16 report by Alea Research titled “PumpFun: Asymmetric Upside or The Final Extraction.”The report explores whether the PUMP token offers asymmetric upside tied to Pump.fun’s revenue engine or reflects an extractive pivot during a waning memecoin…
BTC ATH WEEKLY, AMERICA PARTY LAUNCHES, LETSBONK FLIPS PUMPFUNBTC highest weekly close ever. DOGE leads top 10, BTC dominance falls to 65%. Whale moves $4.35b BTC out of $8.7b holding. Public firms bought 131k BTC in Q2. Metaplanet buys $241m more BTC. BlackRock now holds $4.4b ETH. Fickel moves $204m ETH to Coinbase. Short on…
As crypto adoption accelerates and more investors look to Kraken for reliable, user-friendly tools, we’re continuing to evolve Kraken+, our premium monthly membership that supercharges your investing experience. Since launching earlier this year, Kraken+ has seen a strong response from both new and seasoned investors. From fee-free trading to boosted rewards, Kraken+ has helped thousands…
By Nick Percoco, Kraken Chief Security Officer Each year, crypto conferences are growing larger and becoming more global. From New York to Dubai to Singapore, there are in-person opportunities to engage with peers across the crypto community. These gatherings are one sign that crypto has reached an inflection point in mainstream adoption. But with that…
The complexities of tracking and filing crypto taxes have long been a significant barrier to fully exploring the breadth of the crypto ecosystem. So we’re extending our partnership with Koinly, a leading crypto tracking and tax reporting solution, to simplify the process for our clients so they can trade with confidence. First things first: Your…
