Everything web3, crypto, defi, degen
In brief Block becomes the second crypto-facing firm in the S&P 500 index, two months after Coinbase. For over a year, Block has allocated 10% of its monthly profit from Bitcoin services to purchase additional Bitcoin. Industry observers say regulatory shifts are helping push crypto firms into mainstream acceptance. Block Inc., the fintech company led…
In brief Streaming giant Netflix has revealed that it used generative AI for a VFX sequence in its show “The Eternaut.” Netflix co-CEO Ted Sarandos called generative AI “an incredible opportunity to make films and series better, not just cheaper.” There is widespread concern among film industry professionals over the threat posed by AI to…
In brief Bedrock Robotics raised $80 million to retrofit construction equipment with AI-driven automation. The startup aims to address a nationwide labor shortage and improve job site safety. Its autonomous systems are already operating in several states, with operator-less deployments planned for 2026. With construction sites across the U.S. stalled by labor shortages, San Francisco-based…
In brief Bitcoin enthusiasts have often likened the cryptocurrency to “digital gold,” a decentralized alternative to precious metals. Recent academic research has indicated that Bitcoin and gold may serve fundamentally different investor types. At present, research indicates that Bitcoin lacks the historical track record, stability, and crisis-tested resilience of gold—though that could change with time.…
In brief You can now get Bitcoin transactions added to the blockchain for a lot cheaper than before. Mining pools cut the rate as Bitcoin blockchain activity has been low. Bitcoiners disagree over whether the coin should be used for everyday payments or primarily to hold value. The debate over whether Bitcoin is best suited…
In brief A 74-year-old man disappeared in May after leaving home without his phone. Authorities believe the disappearance is linked to the man’s family’s crypto fortune. They’ve found evidence of fraudulent activity and impersonation of him to communicate with family members. The man’s son, a hedge fund executive, believes someone stole his father’s identity and…
In brief Bitcoin could hit $150,000 as soon as early October, according to a Cooper Research report. Analysts say the Bitcoin markets could begin to overheat between the $140K and $200K range. Strong inflows to spot Bitcoin ETFs stand to fuel the asset’s next rally, the firm said. Bitcoin could surge to a price of…
In brief Tether CEO Paolo Ardoino said his company fully intends to register its flagship USDT stablecoin via the newly-signed GENIUS Act. The company will also likely offer another, U.S.-specific stablecoin in the American market. Circle CEO Jeremy Allaire said he believes his company is nonetheless poised to particularly benefit from the passage of the…
In brief MicroStrategy’s $70 billion Bitcoin holdings are spread across 9 potential custodians including Coinbase, BitGo, and Fidelity, but the exact distribution remains confidential under SEC Rule 83. Coinbase and MicroStrategy set stock records this week as crypto markets surge, though MicroStrategy has since pulled back while Coinbase keeps rising. Multiple companies launched or grew…
In brief XRP shattered its 2018 all-time high of $3.40, entering price discovery mode with bullish momentum. Dogecoin consolidates near $0.20, but charts indicate indecision ahead. Ethereum’s long-term bullish structure remains intact on the charts, but the real test comes at all-time high resistance. It’s been an eventful few days for cryptocurrency investors, especially for…
