Everything web3, crypto, defi, degen
In brief Gold’s pullback may create space for a Bitcoin catch-up trade, experts say. Gold has suffered a six-day, 10% slide only 10 times in the past 45 years, and in each case the metal regained losses within roughly two months, posting an average rebound of about 8%. The Q4 outlook for both assets remains…
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 Michael Saylor thinks Bitcoin will rise to around $150,000 by the end of the year, thanks to diminishing volatility. The Strategy founder predicts BTC will hit $1 million per coin in the next four to eight years. Saylor also said the last 12 months have been the best in the history of the…
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 The price of Bitcoin fell today following comments from Fed Chair Jerome Powell. Bitcoin sentiment on the prediction market Myriad likewise dropped as bears gain ground. Technical indicators show weak momentum in the short term, while the broader bullish trend remains intact. Bitcoin is bleeding today, and aggregated sentiment on prediction markets is…
In brief MoviePass wants people to wager on the box office. Its service doesn’t use actual money yet. Betting giants like DraftKings are interested in prediction markets. MoviePass, a company that used to let customers binge an unlimited number of movies in theaters for a monthly fee, began letting more people wager on box-office performances…
In brief A romance web-novel hit No. 1 after its author used AI to publish dozens of chapters a day, gaming Kakuyomu’s ranking system. The author apologized for not making it obvious that the novel was largely AI-generated. Writers warn the flood of AI fiction could drown human voices, while defenders call it creative evolution…
In brief Kraken’s parent company, Payward, topped the list of spenders from the crypto industry. Payward spent between $323,000 and $430,000 in 2024. The EU’s Markets in Crypto-Assets Regulation went fully into effect on December 30, 2024. Crypto exchanges spent millions lobbying the European Union in 2024, based on publicly available data, with many of…
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…
