Everything web3, crypto, defi, degen
In brief Guido Reichstadter is maintaining his hunger strike at Anthropic’s San Francisco offices. Michael Trazzi and Denys Sheremet staged similar fasts at DeepMind’s London HQ, but ended them this week. AI doomers are raising the alarm about the potential dangers of AI superintelligence. Guido Reichstadter is 24 days into a hunger strike outside the…
In brief A volatile crypto market has led to drastic odds shifts on some of Myriad’s most-traded prediction markets. Predictors have flipped bearish on Ethereum and PENGU, now suggesting both are more likely to “dump” then rise to new heights. While a Solana all-time high by the year’s end felt likely last week, predictors now…
In brief AIQuant launched a crypto trading platform with customizable AI agents. The AI agents trade on Base, Solana, and BNB Chain, removing human emotion from trading. A native AIQ token will support staking, governance, and future platform features. AI Quant Labs, an Atlanta-based startup specializing in automated crypto trading, launched its AIQuant platform on…
In brief Plasma, a stablecoin-focused layer-1 blockchain, has hit “mainnet beta” with its XPL token debuting alongside it. XRP buyers from the initial coin offering earlier this year are up massively. Additionally, people who made deposits towards the pre-sale were handed free tokens, even if they didn’t ultimately buy XPL. Stablecoin blockchain Plasma launched its…
In brief Jiuzi Holdings announced a crypto treasury strategy focused on Bitcoin, Ethereum, and BNB. The firm’s board approved up a plan to spend up to $1 billion on the crypto assets, though its cash and cash equivalents were less than $1 million last year. Shares of JZXN skyrocketed upon open, but have now fallen…
In brief Acting CFTC Chairman Caroline Pham has unveiled an initiative to integrate tokenized collateral, including stablecoins, into U.S. derivatives markets. The move comes as Congress considers legislation that could shift more crypto oversight from the SEC to the CFTC. Industry leaders from Ripple, Circle and Crypto.com backed the effort as improving efficiency, trust and…
In brief Morgan Stanley is planning to offer crypto trading on its E*Trade platform early next year. The banking giant is teaming with crypto and stablecoin infrastructure provider Zerohash on the initiative. Investors will be able initially to trade Bitcoin, Ethereum, and Solana. Morgan Stanley is joining with crypto and stablecoin infrastructure firm Zerohash to…
In brief Asian session’s 46% cumulative returns over the past year tower over the U.S. 31% and the EU’s 29%. While the Asian session may temporarily knock back U.S. and EU institutions, it won’t be enough to kickstart the second half of the bull run. Liquidity, leverage, and macroeconomic conditions will determine how long this…
In brief Ripple’s RLUSD stablecoin was integrated in Securitize’s platform. Two tokenized money market funds can now be exchanged for the stablecoin. BlackRock’s BUIDL is worth $2 billion, per RWA.xyz. Ripple’s RLUSD stablecoin has been integrated into Securitize’s platform, allowing users to exchange shares in tokenized money market funds for the dollar-pegged asset.The feature was…
In brief September got off to a hot start, but the seasonal “Red September” curse might now be kicking in. Bitcoin is now just 4% away from marking another down month in September, historically the worst month of the year for markets. Myriad prediction market users remain somewhat bullish, but the charts paint a less…
