Everything web3, crypto, defi, degen
In brief U.S. spot Bitcoin ETFs saw inflows of $675.8 million Wednesday, their highest level since September 12. Bitcoin’s upward price momentum continued through Thursday morning, with the price of BTC topping $119,000 Analysts linked increased Bitcoin ETF inflows over the past week to predictions of looming U.S. interest rate cuts, among other “macro and…
In brief Two members of the Sweden Democrats have submitted a motion calling for a study into creating a national Bitcoin reserve. Proponents said it could position Sweden for a “potentially disruptive shift in the global financial infrastructure.” The U.S. and other nations have already explored or held strategic Bitcoin reserves. Two members of the…
In brief OpenAI launched Sora 2 with audio generation and a cameo feature letting users insert real people into clips. Within hours, users generated NSFW ads, anime romance parodies, and Sam Altman deepfakes. Legal experts warned of deepfake risks and copyright violations as Sora replicated game and anime content. OpenAI’s Sora 2 launched Tuesday with…
In brief Sen. Ron Wyden (D-OR) alleged Wednesday that Pantera Capital founder Dan Morehead may have used Puerto Rican residency to improperly dodge U.S. taxes, and has avoided cooperating with an investigation into the matter for months. In a letter sent this week, Wyden said Morehead’s attorneys “have all but disappeared” since pledging to cooperate…
In brief Agents that update themselves can drift into unsafe actions without external attacks. A new study documents guardrails weakening, reward-hacking, and insecure tool reuse in top models. Experts warn these dynamics echo small-scale versions of long-imagined catastrophic AI risks. An autonomous AI agent that learns on the job can also unlearn how to behave…
In brief Addicted is a Solana-based cannabis farming simulator that pays users in WEED tokens. Players have taken to social media to brag about their crypto earnings as the price of WEED surges. However, the play-to-earn format has drawn claims that Addicted is a “Ponzi game.” Addicted, a Solana-powered cannabis farming simulator described as “unhinged”…
In brief Gabriel Haines often posts shirtless rants about crypto on X. He has raised money to film a pilot for a dark comedy based on industry happenings. The protagonist of “The Max Extractor” is loosely inspired by Libra co-creator, Hayden Davis. When a meme coin crisis befell Argentine President Javier Milei in February, Gabriel…
In brief House Republicans have informed current SEC Chair Paul Atkins that they’re investigating the loss of nearly a year of text messages from former Chair Gary Gensler’s smartphone. Last month, the Office of the Inspector General report found IT staff failures and poor policies led to the permanent deletion of messages from October 2022…
In brief Bitcoin has pushed above $116,000, tipping the total crypto market capitalization over the $4 trillion mark. Analysts cited ETF flows, macroeconomic optimism, and a historically bullish fourth quarter trend as key drivers. A sharp drop in the options skew shows traders are abandoning downside protection. ‘Uptober’ is off to a good start. Bitcoin…
In brief Mitchell Amador, CEO of Immunefi, told Decrypt at Token2049 in Singapore that AI tools once limited to security firms are now accessible to groups like Lazarus, enabling massive attacks. Bug bounties have paid out over $100 million but have “hit the limits” as there aren’t “enough eyeballs” to provide necessary coverage, he said…
