Everything web3, crypto, defi, degen
In brief OpenAI built GPT-4b micro, a downsized model specialized for protein engineering, in collaboration with longevity startup Retro Biosciences. The model designed new variants of the Yamanaka factors, proteins used to reprogram adult cells into stem cells, achieving 50-fold higher efficiency in lab tests. Researchers say the results show how AI could accelerate life…
CRYPTO PUMPS AFTER JEROME POWELL SPEECH, ETH CLOSE TO ATH, ALTS & MEMES PUMPBTC slips on hawkish fed, Jackson Hole today. BTC ETFs hit 5-day losing streak. ETH poised for meteoric growth: JP Morgan. Hayes predicts $20k ETH this cycle. 27% of DATs now trade with mNAV below 1. CFTC launches ‘Crypto Sprint Initiative’. Eric…
In brief Japan’s Payment Services Act amendments, effective since 2023, created a licensing regime for issuing and distributing fiat-pegged stablecoins. SBI VC Trade, the first firm licensed as an Electronic Payment Instruments Exchange Service Provider, already handles USDC and will now add RLUSD. Japan has a structured and bank-friendly crypto regime, while its local players…
In brief The OCC terminated its consent order on digital assets bank Anchorage Digital. The regulator brought the order in 2022 after granting conditional approval to Anchorage in 2021. Federally chartered Anchorage custodies some of the BTC and ETH held in BlackRock’s spot ETFs. The Office of the Comptroller of Currency (OCC) announced Thursday that…
In brief The odds on the Myriad market for “XRP’s next hit” have shifted dramatically. The bears have taken over as the price of XRP dips below critical levels. Can XRP regain support, or will bears send the Ripple-linked token back down to $2? What a difference a week has made for XRP.Just last week,…
In brief Ripple’s shares trade at a discount to its XRP holdings VivoPower is trying to buy them for discounted XRP exposure. The shares aren’t owned by Ripple itself, a person familiar with the matter said. Ripple owns billions of dollars worth of XRP, but company shares trading on private secondary markets don’t fully reflect…
In brief XRP Ledger received a security score of 41 out of 100—the lowest among 15 major blockchains—in Kaiko’s Blockchain Ecosystem report released in August. A RippleX leader dismissed the low rating, pointing to XRP Ledger’s strong safety record. XRP Ledger’s software development kit was hit with a supply chain attack in April, but devs…
In brief Crypto is in the red, with total market cap falling below $3.9 trillion. While all coins are feeling it, Dogecoin and XRP are getting it worse. The charts suggest there could be more downside to come. Crypto markets continue their slide, cooling off from a red hot July. Bitcoin, of course, sets the…
In brief Crypto exchange Bullish took its IPO proceeds in stablecoins. The bulk of its stablecoins are on the Solana blockchain and custodied by Coinbase. The firm accepted Circle’s USDC, PayPal’s PYUSD, Ripple’s RLUSD, among others. Publicly traded crypto exchange Bullish (BLSH) received $1.15 billion in proceeds from its recently completed initial public offering (IPO)…
TOM LEE BUYS $1.7B ETH IN PAST WEEK, $LIGHT JUMPS 50% TO NEW ATH, CRYPTO MAJORS IN THE GREENCrypto weak, ETH ETF sees 2nd largest outflow ever. DAT stocks continue to fall on dilution fears. Strategy buys $51m BTC, relaxes financing rule. Chamath announces crypto SPAC. BMNR flips MARA to claim 2nd largest DAT spot.…
