Everything web3, crypto, defi, degen
In brief CoinDCX CEO Sumit Gupta denied reports that Coinbase is in talks to acquire the exchange, calling the claims “rumors.” The news comes after CoinDCX was hacked for $44.2 million hack on July 18, prompting the exchange to launch a bounty program. Coinbase, already FIU-registered in India, is eyeing deeper expansion as it allegedly…
In brief The Pentagon has awarded $50 million contract to Auterion for 33,000 AI drone strike kits for Ukraine. The Kits turn commercial drones into autonomous weapons. Experts say autonomous commercial drones are a growing part of modern warfare. The Pentagon has awarded a $50 million contract to Swiss defense software firm Auterion to deliver…
In brief A game released on Steam Early Access contained malicious software that could have compromised victims’ data, according to a report from cybersecurity firm Prodaft. Steam appears to have pulled the game from its pre-release Early Access platform. This isn’t the first time that games launched via the popular Steam platform have contained malware.…
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…
