News

Flow Brings World Tour Builder Series to Singapore Following Crescendo Upgrade

Layer-1 blockchain Flow is bringing its Flow World Tour builder series to Singapore later this month. Kicking off on September 19, the Flow World Tour invites blockchain builders to develop the next “killer app” across four categories: decentralized finance (DeFi), Sports, Social, and Gaming. “As major avenues of consumer traction, these four sectors present unparalleled opportunities for Web3 disruption,” a spokesperson for Flow said in a statement shared with Decrypt. The event series will run...

AI Chatbots Have Begun to Create Their Own Culture, Researchers Say

AI language models are developing their own unique social dynamics and cultural quirks after interacting with minimal supervision in a Discord server set up by Act I, a research project studying the capabilities of frontier models and their behavior in different scenarios. This experimental AI community is witnessing a fascinating (and unsettling) development: AI chatbots, left to interact freely, are exhibiting behavior that resembles the formation of their own culture. The results raise import...

Trump Crypto Project Aims to Maintain US Dollar Supremacy With Stablecoins

The team behind World Liberty Financial, an upcoming crypto project promoted by the Trump family, said Wednesday that the DeFi platform aims to maintain global U.S. dollar supremacy through the use of stablecoins. The revelation comes after CoinDesk reported that a leaked white paper for the project details a borrowing and lending platform reminiscent of Dough Finance, a recently hacked protocol. The report suggested that World Liberty Financial hails from multiple Dough team members, and would...

CFTC Issues Order Against Ethereum DeFi Exchange Uniswap

U.S. regulator the Commodity Futures Trading Commission (CFTC) has hit Uniswap Labs, the company behind Ethereum decentralized exchange Uniswap, with an order for allegedly illegally offering leveraged or margined retail commodity transactions in digital assets. The order, which the regulator said was settled, requires Uniswap Labs pay a $175,000 civil monetary penalty and to cease and desist from violating the Commodity Exchange Act (CEA). "Today, Uniswap Labs resolved a CFTC investigation, abo...

Bitcoin ETFs Shed $288 Million in Fifth Day of Negative Flows

As the crypto market plunged Wednesday, Bitcoin spot ETFs marked their fifth consecutive day of negative flows, with $287.8 million in net outflows on September 3. The Grayscale Bitcoin Trust (GBTC) ETF reported a single-day net outflow of $50.4 million, while Fidelity's FBTC saw an even larger outflow of $162.3 million. These outflows have reduced the total net asset value of Bitcoin spot ETFs to $52.7 billion, according to data from SoSo Value. Simultaneously, Ethereum spot ETFs recorded a tot...

When Are the Next Big Telegram Game Airdrops? From ‘Hamster Kombat’ to ‘Rocky Rabbit’

Many Telegram-based games have shot to popularity this year with the promise of in-game progression resulting in a share of a future crypto token airdrop. For some of those games, the time to launch a token is upon us, with dates set and gamers itching for their share of the pie. From crypto exchange-building tap-to-earn game Hamster Kombat to combat-centric clicker Rocky Rabbit and others alongside, these Telegram mini apps have made waves through the industry. But now it's time for these proje...

DePIN Project Wants to Send Satellites to Space to Give Internet to the Underserved

Spacecoin, a decentralized physical infrastructure network leveraging nanosatellites to provide high-speed internet to remote communities, has an ambitious lofty goal. Unveiled exclusively to Decrypt during Korea Blockchain Week in Seoul on Wednesday, the initiative aims to bridge the digital divide affecting billions of people, particularly in underserved areas, by leveraging infrastructure from Layer-1 blockchain Creditcoin. “Because of the cost, the network infrastructure today is centralized...