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Signal. External read.
What we're reading across AI and web3 — pulled straight from the source, no rewrite. Every card links out to the original outlet.
Ex-FTX users report funds being released in $900M distribution round
Several users of the long-defunct crypto exchange reported that distribution agents had begun releasing funds to reimburse creditors for some of their 2022 losses.
Snapchat no longer rewards fully AI-generated Spotlight content
Snapchat has adjusted its recommendation systems to ensure that only videos created by real people are eligible for Spotlight recommendations, taking a stance against AI slop.
Tether earns $1.5B in Q2 as US Treasury holdings fuel profits
Tether’s reserve surplus grew to $4.11 billion in the second quarter as USDT supply rose despite a weaker stablecoin market and continued pressure across the crypto sector.
Bybit adds tokenized Nvidia, Apple, Tesla stocks as loan collateral
Eligible retail and institutional users can use tokenized shares of Nvidia, Apple, Tesla and three other US companies across Bybit’s trading and lending products.
Siri AI could come with a paywall for power users
Apple CEO Tim Cook envisions users being able to buy more compute for Siri AI via Apple's existing iCloud+ subscriptions.
Coinbase Says Revenue From Its Base Layer 2 Fell Despite Record Volume
Coinbase's Q2 filings show sequencer revenue from Base declined even as stablecoin transaction volume on the network grew sevenfold year-over-year.
Quantum computing nears commercial breakthrough, IBM CEO says
Arvind Krishna said quantum computing will begin generating meaningful revenue before the decade ends as investment in the sector accelerates, in an interview on CNBC.
SpaceX won’t remove all of xAI’s unpermitted turbines for another year
SpaceX is building a new power plant for xAI's Colossus data centers, but it won't remove existing, unpermitted turbines for many more months.
US Treasury Sanctions Iranian Firms Taking Bitcoin for Hormuz Passage
OFAC sanctioned two Iranian firms including Hormuz Safe, which “accepts payment in Bitcoin and other digital assets.”
XDC AI and the Rise of Agentic Finance: When AI Agents Learn to Pay
As AI agents move from giving advice to making transactions, a new layer of payment infrastructure is racing to catch up.
Crypto faces 3 barriers to next bull run, STS Digital CEO says
Institutional options selling, AI and delayed U.S. crypto regulation are weighing on bitcoin, according to STS Digital CEO Maxime Seiler.
Smallest.ai raises $13M to build ultra-fast voice AI that sounds genuinely human
The startup is building voice models designed to make AI phone calls pass the Turing test.
ECB says digital euro app will exceed EU accessibility standards
The European Central Bank proposed accessibility standards for its planned digital euro app, saying it would be one of several ways users could access basic digital euro services.
AI labs want to pump the brakes, but Amazon and SpaceX are still blasting off
After years of pushing full speed ahead on AI, OpenAI CEO Sam Altman says maybe it’s time for the AI industry to “pace” itself. The comments came just days after one of OpenAI’s own models broke out of its test environment and got tangled up in a breach at Hugging Face — though as Equity’s hosts point out, sloppy security seems to have […]
Claude Hacked Three Companies in Internal Testing: Anthropic
Anthropic says three Claude models compromised the companies after a testing misconfiguration exposed the AI to the public internet.
Circle secures New York trust charter as crypto regulatory push accelerates
The approval lets the USDC issuer offer fiduciary and custody services under New York banking law.
Circle receives New York trust charter for subsidiary
The New York trust charter allows Circle’s subsidiary to provide fiduciary and custody services under state banking law.
BOJ intervenes to defend yen near 160, holds rates steady
The Japanese yen crosses a key psychological level after the country’s central bank reportedly conducted a major currency intervention.
Here’s the problem with putting an AI image generator in Google Earth
A text prompt was all it took to generate reality-warping images using Google Earth's satellite, aerial, and 3D imagery with a now-rolled back AI feature, like these images generated by Digital Digging's Henk van Ess that show "refugees near the Mexican border" and a bomb crater near a hospital in Gaza. Google initially responded to […]
RWA perps will outpace tokenization
Tokenization was crypto's first big export to TradFi. Perps are next, says Martin Lee, markets insight lead at DWF labs.
The major labels propose rules to keep AI slop off the charts
Several record labels, including the big three - Universal Music Group, Sony Music, and Warner Music Group - have proposed rules regarding chart eligibility for AI songs. In short, they wouldn't be. The proposal goes quite a bit further than a labeling proposal put forth by the RIAA, the International Federation of the Phonographic Industry […]
Dubai-based crypto exchange tied to $4 billion Iran sanctioned-evasion network
Shelbit allegedly sent hundreds of millions of dollars to major crypto exchanges, including Binance, as it linked gambling sites and sanctioned Iranian entities to global crypto markets.
World Cup bets smash records as prediction markets hit $20 billion in volume
Markets ranged from the simple question of who would win the tournament to whether Cristiano Ronaldo would cry when Portugal were eliminated (he did).
U.S. sanctions Iran-linked bitcoin insurance scheme for Strait of Hormuz ships
The Treasury Department said the Hormuz Safe platform accepted bitcoin and other digital assets as part of an alleged sanctions workaround tied to IRGC-backed shipping controls.