Everything web3, crypto, defi, degen
In brief Pantera may launch “Solana Co.” to hold Solana tokens as a corporate treasury asset. The effort would begin with a $500 million raise, followed by $750 million in warrants. A single entity could end up holding more Solana than all current public treasuries combined. Pantera Capital is reportedly seeking to raise up to…
In brief Nasdaq-listed Sharps Technology is raising $400 million to buy Solana. The medical device company is the latest to adopt a Solana treasury strategy. A number of publicly traded firms are putting cryptocurrency on their balance sheets. Nasdaq-listed medical device company Sharps Technology’s stock boomed on Monday after the firm said it would pivot…
In brief Durov has called his August 2024 arrest “legally and logically absurd,” claiming French police detained him over crimes by users he’d never heard of. The Telegram CEO must report to French authorities every 14 days despite ongoing investigation finding no wrongdoing by him or his platform. Durov remains under judicial supervision in France,…
In brief Google Cloud exec Jack Buser warned that rising costs and stagnant play time have left studios with a broken business model. A recent Google Cloud study said nine of 10 developers now use AI tools somewhere in production. While critics fear job losses and backlash as AI reshapes game design, Buser said AI…
In brief Robotheism is a belief system that treats artificial intelligence as God. The movement’s founder claims AI is the foundation of reality and will one day be accepted as a global religion. Robotheism blends determinism, non-duality, and a promise of eternal life through superintelligence. A growing movement believes artificial intelligence isn’t just a tool,…
In brief Chipotle is launching a drone delivery service with Zipline The test is taking place in Rowlett, Texas, a suburb of Dallas. Don’t look for flying burritos in more populated areas anytime soon. Your triple steak, double rice, extra queso monster is now cleared for takeoff.Well, at least in one Texas town: Chipotle just…
In brief Lead plaintiffs notified the court that Yacov Baron withdrew his intervention motion and settlement objections, removing the final barrier to approval. The settlement covers roughly 89,000 BlockFi Interest Account holders who lost access to funds when the platform collapsed in November 2022. BlockFi’s bankruptcy was triggered by its $680 million exposure to FTX,…
In brief ASIC has removed more than 14,000 scam and phishing websites in two years, with crypto scams making up about 20%. The regulator will now target fraudulent ads on social media platforms such as Facebook and Instagram. Investment scams cost Australians nearly $1 billion in 2024, with tactics like “AI washing” emerging as new…
In brief Singapore bank DBS is tokenizing structured notes on Ethereum. The notes will give investors exposure to crypto markets. DBS is the latest TradFi institution to move into the tokenization space. Singaporean bank DBS will tokenize structured notes using Ethereum, the company announced Thursday.The bank said it had partnered with digital platforms ADDX, DigiFT,…
In brief Executives from stablecoin issuers Circle and Tether are set to meet with top figures in some of South Korea’s biggest financial groups this week, according to reports in local media. The discussions will reportedly revolve around the potential distribution and use of dollar-pegged stablecoins in South Korea, as well as the issuance of…
