The stablecoin printer just spun off its R&D lab, and someone wrote a $12 million check for the parts bin. Paxos Labs, the newly spun-off entity from stablecoin issuer Paxos, raised $12 million led by Blockchain Capital, with CEO Charles Cascarilla helming both companies
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A $292 million bridge exploit just reminded every DeFi builder that cross-chain infrastructure is still the wild west. Kelp DAO's rsETH bridge was drained for approximately $292 million in a LayerZero-based attack, making it one of the largest DeFi exploits in recent memory
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Alcoa is turning a dead aluminum smelter into a Bitcoin mining operation, and it's a perfect example of how energy-hungry legacy industry infrastructure gets repurposed for the crypto era.
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The smartest AI on the planet can write a React app but can't figure out how to jump over a turtle in Mario. Large language models still can't play video games, even as they ace increasingly complex benchmarks in coding, math, and reasoning.
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The Ethereum Foundation just proved that decentralized infrastructure needs centralized vetting, and the results are uglier than anyone expected.
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Bitcoin's proposed quantum defense would abandon 1.7 million BTC to the void, and the community is pretending it's a gentle upgrade. Charles Hoskinson argues BIP-361 is mislabeled as a soft fork when it's actually a hard fork that can't protect pre-2013 Bitcoin holdings.
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A defense startup that tested its drones in Ukrainian trenches just doubled its valuation to $12.7 billion while projecting over half a billion in revenue.
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The same AI that lets you build a word processor in two nights could let your intern accidentally deploy malware across your entire network.
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Wall Street just figured out that tokenized stocks are inevitable, and now everyone from BlackRock's Larry Fink to Galaxy Digital is racing to own the rails before regulators pick the winners.
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XRP is outperforming Bitcoin and Ethereum by 8% this week, but the low volume tells you everything you need to know about who's actually buying. XRP posted 8% weekly gains over Bitcoin and Ethereum, leading major tokens in the latest price movement
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Oil just fell 32% in nine days because a chokepoint that controls a third of the world's seaborne oil suddenly reopened, and the market for tokenized commodities is about to get a stress test.
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Andreessen Horowitz just backed an AI accounting platform, and if you think bookkeeping is boring, you haven't watched an agent turn three weeks of reconciliation into three minutes. Andreessen Horowitz invested in Rillet, an AI platform that automates finance and accounting workflows for businesses
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Morgan Stanley just added $17 million to its Bitcoin position through a new trust vehicle that's already pulled in $34 million total, and it's happening right as JP Morgan says the market structure bill is about to pass.
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The fintech conference circuit just admitted crypto has grown up—Money20/20 Asia is dedicating an entire stage to watching TradFi and DeFi stop pretending they're not dating.
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Sam Altman wants you to prove you're human before you swipe right, and Tinder just said yes. World is expanding its Orb-based human verification to Tinder, offering verified users five free boosts in select markets including the US and Japan
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OpenAI just killed its flagship video product and the two executives who ran its consumer ambitions walked out the same week. Bill Peebles, who led OpenAI's Sora video generation team, announced his departure one month after the company shut down Sora entirely
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Someone knew what Trump was about to say, and they bet $760 million on it. The CFTC is investigating oil futures trades placed minutes before Trump's Iran policy announcements, including $580M in shorts before strike delays and $760M before the Strait of Hormuz reopening.
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The FAA just invited Palantir to redesign the air traffic control system, and if you think this is just about planes, you're missing the real play. The FAA has brought in Palantir, Thales, and Air Space Intelligence to compete on a new AI tool for air traffic management
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Musk thinks AI abundance will let the government send fat checks to everyone without triggering inflation—economists say that's fantasy math.
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Cursor is about to raise $2 billion at a $50 billion+ valuation for an AI coding tool that didn't exist three years ago. Cursor is in advanced talks to raise ~$2 billion at a $50B+ pre-money valuation, making it one of the most valuable private AI companies globally
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