Everything web3, crypto, defi, degen
BITCOIN BOUNCES, NFPS TODAY, WLFI BLACKLISTS JUSTIN SUNBTC bounces ahead of jobs report. SEC plans to revamp crypto policies. WLFI blacklists Justin Sun’s address, freezes tokens. WLFI tokens unreasonably frozen: Sun. Nasdaq to step up scrutiny on DATs, MSTR falls. Sora Ventures to buy $1b BTC. HK’s Yungfeng Financial buys $44m ETH. DFDV buys $40m…
In brief The draft legislation attempts to close loopholes and updates rules for evolving risks. The new change-in-control threshold for crypto firms would be lowered to 10%. A consultation will be open until September 30, with regulations to be put before Parliament in early 2026. The UK’s HM Treasury released a draft of proposed changes…
In brief The dollar index has dropped 11% this year, its sharpest fall since 1973. Gold is at record highs signaling U.S. institutions are hedging against inflation. A steepening yield curve for bonds points to higher long-term risks and potential support for Bitcoin. A weakening U.S. dollar, rising governance risks, and yield curve steepening are…
In brief GK8 researchers have discovered threat actors recruiting professional voice impersonators on underground forums to target U.S. crypto executives. The personalized “vishing” campaigns make operatives up to $20,000 monthly. Attackers possess curated datasets of executive personal information and use deepfake technology, voice changers, and sophisticated infrastructure to bypass traditional security measures. Cybercriminals are recruiting…
In brief Polygon’s Aishwary Gupta says no Indian government department wants ownership of stablecoin regulation, creating bureaucratic deadlock across agencies. Gupta estimates India could save $68 billion annually through stablecoin integration, but regulatory uncertainty prevents banks from acting. 80-85% of India’s top crypto talent has relocated internationally, Gupta said, while Asian neighbors advance clear stablecoin…
In brief Ukraine could recover up to $10 billion lost to unregulated crypto activity with more stringent regulation, according to the Royal United Services Institute. A new RUSI report noted that Russian actors are exploiting regulatory gaps to fund military procurement and spread drugs. Ukrainian lawmakers face a 2025 deadline to align with EU rules…
In brief ChatGPT still leads, but Google’s Gemini and Musk’s Grok are closing fast, per Andreessen Horowitz’s Top 100 AI Apps. The AI app market is stabilizing—fewer new entrants on web, more originality on mobile. China’s AI giants and “Brink List” newcomers show the next wave of global challengers. For more than a year, OpenAI’s…
In brief A new Anthropic report says cybercriminals are using AI to run real-time extortion campaigns, with ransom notes using Bitcoin as the payment rails. North Korean operatives are faking technical skills with AI to land Western tech jobs, funneling millions into weapons programs, often laundered through crypto. A UK-based actor is selling AI-built ransomware-as-a-service…
In brief The letter warned AI companies, including Meta, OpenAI, Anthropic and Apple, to prioritize children’s safety. Surveys show seven in ten teenagers in the U.S. have already used generative AI tools, and over half of 8-15 year olds in the UK. Meta was particularly singled out after internal documents revealed AI chatbots were allowed…
In brief London-listed web design and marketing firm The Smarter Web Company has appointed Jesse Myers to steer its Bitcoin strategy. Myers, author of the “Once-in-a-Species” newsletter, created a valuation model that inspired the Bitcoin 24 framework that Michael Saylor employed at Strategy. Smarter Web plans to hold reserves in both cash and Bitcoin, in…
