Everything web3, crypto, defi, degen
In brief The Fed’s end of quantitative tightening places Bitcoin at a critical liquidity juncture. Aside from short-term volatility, the crypto market is unlikely to repeat the post-Fed pivot scenario of 2019 amid higher interest rates and institutional demand, Decrypt was told. A favorable macro and geopolitical outlook could extend the bull run, analysts say.…
In brief Palantir Technologies has sued two former senior AI engineers for allegedly stealing confidential documents. The defendants allegedly sent themselves highly confidential files, including healthcare revenue cycle diagrams and internal demonstration frameworks. General Catalyst CEO Hemant Taneja has publicly admitted earlier that the venture capital firm was creating “a version” of Palantir’s business. Palantir…
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 Key metrics such as ETF flows, Coinbase Premium, and the CME basis signal a decline in U.S. institutional demand for Ethereum. Experts cite a closed Grayscale arbitrage window and a broader macro risk reassessment as primary causes. The long-term outlook remains bullish, contingent on Ethereum’s utility and real-world asset adoption. Demand for Ethereum…
In brief IBM researchers entangled 120 qubits, setting a new benchmark for quantum computing. The GHZ “cat state” achieved fidelity of 0.56, proving full multi-qubit entanglement. Direct Fidelity Estimation confirmed results, offering scalable quantum verification. IBM’s latest quantum breakthrough has edged the crypto world a little closer to its nightmare scenario—a computer capable of breaking…
In brief Putin said Russia tested the Poseidon underwater drone, designed to trigger a radioactive tsunami off enemy shores, though no proof has emerged. Western analysts call the weapon a psychological tool meant to unnerve rivals rather than shift deterrence math, citing past exaggerations. Independent verification is scarce; experts warn the “radioactive tsunami” label hides…
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 Perpetual futures, or perps, have been a big business in crypto this year, generating $1.27 trillion in trading volume over the past 30 days. Crypto wallets MetaMask and Phantom, as well as Telegram mini-app Blum, now offer perps natively within their apps. Analysts warn they present a “double-edged sword” to new users who…
In brief The U.S. dollar’s recent consolidation and potential breakout could trigger another potential top for Bitcoin. Analysts argue that institutional accumulation has fundamentally changed Bitcoin’s market structure. A 15% to 25% correction in Bitcoin is likely if the dollar index breaks out above 100, according to analysts. A historical pattern linking U.S. dollar breakouts…
In brief Microsoft valued its OpenAI stake at $135 billion and extended exclusive rights to frontier models through 2032. OpenAI can now work with outside developers and release open-weight models, while Microsoft can pursue AGI independently. The update comes as Microsoft faces an antitrust suit alleging it used Azure’s dominance to inflate ChatGPT prices. On…
