Everything web3, crypto, defi, degen
In brief BNB climbed more than 10% over the weekend to an all-time high of $1,079, doubling Bitcoin and Solana’s year-to-date gains. Analysts cite renewed institutional demand, Binance’s partnerships, and a stronger regulatory outlook as key drivers. Both bulls and bears see room for correction, with some warning of a dip below $1,000 before longer-term…
In brief A new Pew survey showed Americans wanted AI’s help with chores, but feared it wrecked their minds and relationships. Most Americans said AI stripped away creativity and human connection, with only 10% feeling more excited than worried. The majority admitted they had no control over AI in their lives—just a digital tide they…
In brief Tidal Financial Group applied for a leveraged AltAlt Season Crypto ETF, along with two other filings on Thursday. The proposed fund confounded even some of the fund industry’s sharpest observers unsure what an “alt alt season” was. The fund will relate initially to the performance of XRP and Solana, and exclude Bitcoin and…
In brief The FTX Recovery Trust has announced its third distribution to former clients of the bankrupt exchange. A total of $1.6 billion will be repaid to creditors this time. The FTX brand went bankrupt in 2022 after it was criminally mismanaged. Creditors of collapsed crypto exchange FTX will receive $1.6 billion at the end…
In brief DeepMind used physics-informed neural networks to find new solutions to Navier-Stokes equations. The AI uncovered a new family of singularities, later proven mathematically correct. The breakthrough could boost weather models, aerodynamics, and climate prediction accuracy. For centuries, the complex mathematics describing the movement of liquids and gases—from the air rushing over an airplane’s…
In brief Oxford–Vela researchers created VCBench to test if AI can predict startup success. GPT-4o, DeepSeek-V3, and others outperformed Y Combinator and top VCs. The study suggests that LLMs could become powerful early-stage investing tools. Could GPT-4 have spotted Airbnb in 2008—or Figma in 2012—before the pros did?A new paper from researchers at the University…
In brief Bitcoin traders may need up to a week to fully process the Federal Reserve’s first rate cut in nine months, with $120K now “within sight” according to Bitbank’s analysis. 92% of CME FedWatch traders anticipate another 25-basis point Fed cut in October, while 72% of Myriad prediction market users expect the same outcome.…
In brief Prosecutors said Palafox raised $201M by promising daily returns of up to 3%. At least $62.7M in losses were recorded, with funds spent on luxury goods and property. The real issue is fraudulent behavior, not the underlying technology, one observer said. The chief executive of Praetorian Group International, Ramil Ventura Palafox, pleaded guilty…
In brief Analysts were upbeat that the Fed would cut interest rates again and help bolster risk assets. In his post decision comments, Jerome Powell noted the bank’s concerns about a sagging job market and continued inflationary pressure. Bitcoin was trading at about $116,200, down slightly over the past 24 hours. Neither the U.S. central…
In brief China’s Nvidia ban marks a turning point in the AI war, as Huawei and local players step into the spotlight. Beijing’s move signals confidence in homegrown chips, and could force tech giants to rewire their AI stacks overnight. The move comes after several efforts from the United States to prevent China from having…
