Everything web3, crypto, defi, degen
In brief Balancer, a multi-chain automated market maker, suffered a major exploit that has resulted in an estimated $128 million in losses. Liquidity pools across Ethereum, Arbitrum, Base, and other chains have been affected by the attack. Berachain has halted its blockchain and is preparing for a hard fork to recover the lost funds. Crypto…
In brief Scientists say the quantum risk to Bitcoin remains a decade or more away. New cryptography standards aim to harden systems before “Q-Day,” but experts warn that Bitcoin’s governance makes upgrades slow and political. Markets could crash on fear alone long before quantum math catches up. Bitcoin’s quantum reckoning may still be years away,…
In brief Fold and Steak ‘n Shake are partnering to provide Bitcoin rewards for Bitcoin Steakburger buyers. Those who buy the burger or Bitcoin meal can earn $5 in BTC, claimable via the Fold app. Shares in FLD are down around on the day, but Bitcoin is up slightly on the day. Publicly traded Bitcoin…
In brief Drake faces a class-action lawsuit accusing him and Adin Ross of promoting Stake.us, an allegedly illegal gambling site posing as a “social casino.” The suit says Stake used digital “Gold Coins” to mask real-money betting and that Drake’s promotions targeted young fans. In a potential departure from past celebrity crypto cases, plaintiffs argue…
In brief AFP Commissioner Krissy Barrett revealed Wednesday how a data scientist unlocked over $6 million from a crypto wallet held by an “alleged criminal.” The data scientist was able to access the wallet by identifying fabricated digits in a seed phrase sequence. The same analyst has since cracked another wallet using a different method,…
In brief Bitchat ranked first in Jamaica’s App Store social networking category during the storm. The app includes a feature that lets users pin messages to specific areas, such as shelters or danger zones. Developer Calle told Decrypt the increase shows how the app is meant to keep people connected when infrastructure breaks down. Downloads…
In brief Elizabeth Warren and Bernie Sanders warned that Trump’s plan to let 401(k)s invest in crypto could jeopardize Americans’ retirement savings. In a letter to the SEC and Department of Labor, they called the policy “dangerous,” citing crypto’s volatility and Trump’s potential conflicts of interest. The senators asked whether agencies have studied the risks…
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 1X unveiled NEO, a humanoid home robot designed for cleaning and personal assistance. NEO uses tendon-driven motors, soft materials, and a built-in AI model to perform chores and learn new tasks. Rivals, including Richtech, Unitree, and Wandercraft, are pushing humanoids into factories and research labs worldwide. As robotics firms chase the dream of…
In brief Altman admitted OpenAI mishandled the 4o-to-5 upgrade and pledged freer, more transparent tools. “Adult mode” will relax content limits while protecting minors and users in crisis. OpenAI’s $1.4 trillion build-out and new foundation will fund AI-driven science and resilience projects. OpenAI chief executive Sam Altman faced users on Tuesday, answering questions in a…
