Category: crypto

Jeffy Yu, co-founder of the AI Agent crypto project Zerebro, allegedly died by suicide during a livestream on May 4. The circumstances surrounding his death are unclear, with conflicting reports and speculation online. Yu was a computer science prodigy known for launching Zerebro, which reached an $800 million market cap.

CryptoSlate’s market report examines Trump’s first 100 days in office, focusing on changes to the SEC, reversal of crypto regulations, and concerns about inflation. The report is available only through Tariffs, Bitcoin, and rule reversals.

KuCoin denies claims of losing 77% of Bitcoin reserves since 2023, calling circulating figures misleading. Allegations stem from Onchain School report citing CryptoQuant data showing a drop from 18,300 BTC to 4,100 BTC. KuCoin attributes decline to KYC rules, denies findings, and releases proof-of-reserve showing 106% Bitcoin reserve ratio.

Bankrupt FTX missed out on nearly half a billion dollars in potential profit from liquidating its early stake in Anysphere, creator of Cursor AI. The company’s valuation has surged to $9 billion, from $2.5 billion in January. FTX also sold undervalued assets like SUI blockchain contracts, missing out on billions in returns.

Sentora, a new institutional DeFi platform, has launched with $25 million in Series A funding, merging IntoTheBlock and Trident Digital. The platform offers full-stack solutions, including yield strategies and risk dashboards, with a focus on compliance. As DeFi grows, Sentora aims to provide regulated access for institutions amid changing regulations and market trends.

Bitcoin Core’s plan to remove the OP_RETURN limit has caused division in the ecosystem. The change will lift the 80-byte ceiling on transaction-embedded data, seen as a modernization response to network practices. Developers argue the limit is outdated and ineffective, but critics fear it undermines Bitcoin’s minimalist ethos. The removal aligns with real-world conditions and…

OpenAI is pivoting back to its nonprofit roots and turning its for-profit unit into a Public Benefit Corporation (PBC) to focus on developing artificial general intelligence (AGI) in the public interest. This decision follows legal tensions with co-founder Elon Musk, who had accused the organization of drifting from its original mission.

Florida has withdrawn bills that would establish a Strategic Bitcoin Reserve, joining other states in slowing momentum for such initiatives. Despite bipartisan support, the bills stalled early in the legislative process. Efforts for a national Bitcoin reserve continue at the federal level, but some experts doubt its feasibility due to fiscal concerns.

According to Financial Times analysis, traders made $100 million from Melania Trump’s MELANIA token shortly after its release. Insider trading allegations arose as digital wallets bought tokens before the official announcement, leading to quick profits. The token’s launch followed Donald Trump’s TRUMP coin, with similar pre-announcement activity. Regulatory concerns and volatility in politically connected tokens…

The Web3 community is working to reclaim TUSD assets taken advantage of in a digital asset breach due to regulatory loopholes. A CryptoSlate cover art/illustration shows combined content, potentially including AI-generated elements.