Everything web3, crypto, defi, degen
In brief Trump has signed an executive order banning federal contracts with ‘Woke AI’ models. The order cites concerns about ideological bias, DEI alignment, as well as racial and gender distortions. U.S. officials are also scrutinising bias in Chinese AI systems. President Donald Trump signed an executive order on Wednesday banning U.S. government agencies from…
In brief PayPal will launch a platform this fall linking domestic wallets like UPI and WeChat Pay to its global merchant network. The service mirrors stablecoin functionality but runs on traditional fiat rails, without blockchain infrastructure. It comes as PayPal continues to support and integrate its stablecoin, PYUSD, into its broader product suite. U.S. payments…
In brief The Senate just released a discussion draft of its own crypto market structure legislation. The House passed a companion bill last week, dubbed the CLARITY ACT. The Senate’s version differs in some meaningful ways, but the aim is the same. And it directly impacts crypto startups and future token sales through ICOs. The…
In brief The White House unveiled a national AI strategy centered on growth, infrastructure, and global dominance. Critics say it overlooks risks and weakens existing safeguards. The plan promotes deregulation, open-source models, and export controls. The White House on Wednesday unveiled a national strategy to cement U.S. dominance in artificial intelligence—drawing criticism from civil rights…
In brief The price of Bitcoin has pulled back to $117K after failing to break resistance above $121,000. XRP is down bad, falling 8.37% in the last 24 hours. But fear not crypto bulls. Technical data suggests a very normal correction at play rather than a trend reversal. Bitcoin and the rest of the crypto…
In brief Prometheum can custody a handful of tokens, but it’s now racing to support on-chain securities, founder and co-CEO Aaron Kaplan said. Kaplan testified on Capitol Hill in 2023 that the SEC had laid out a clear path to compliance for crypto firms. Some tokenized offerings resemble gambling, Kaplan argued. Tokenization could revolutionize finance,…
In brief Altcoins are falling hard Wednesday following a recent surge in prices for Ethereum, XRP, and more. Glassnode reports that altcoin open interest hit a new all-time high, skyrocketing since the start of July. That growth in derivatives trading may result in more volatility, which could explain the dip. The recent crypto market euphoria…
In brief After pulling in $2.5 billion over the first 10 months since launch, Ethereum ETFs have attracted $5 billion since mid-May alone, signaling accelerating institutional demand. Analysts note that price momentum is lagging behind institutional inflows. While the long-term outlook remains bullish due to institutional adoption, one analyst is positioning for a potential short-term…
In brief A new survey by Reown found that stablecoin owners outnumber Solana holders. Crypto payments and stablecoins have become the “real breakout use case,” for crypto, Reown CEO Jess Houlgrave said. Barriers to adoption include user experience, though solutions such as the WalletConnect Network are addressing the fragmentation of networks and chains. Owners of…
In brief Denver pastor Eli Regalado and his wife Kaitlyn face 40 felony charges for allegedly defrauding Christian investors of $3.4 million through the INDXcoin crypto between January 2022 and July 2023. The couple are accused of pocketing at least $1.3 million for personal expenses, including luxury vacations, cosmetic dentistry, and home renovations they claimed…
