Web3 Wavefronts - Digestible News on Crypto, DeFi and AI

Samsung unveils a new smartwatch and smart ring, each integrated with advanced AI technology. Both devices include health tracking capabilities, such as monitoring heart rate, sleep patterns, and phy…

Coinbase plans to expand its services into the decentralized finance (DeFi) space. The company aims to offer DeFi products, such as lending protocols and decentralized exchanges, to its user base. Co…

North American startup funding rose significantly in Q2 due to a surge in early-stage AI investments. Total funding reached $45.3 billion, a 30% increase from the previous quarter and a 35% rise from…

Germany liquidates a significant amount of Bitcoin, which captures the attention of the crypto world. Authorities seize the Bitcoin from criminal activities and decide to sell it via a public auction…

Global startup funding reached $79 billion in the second quarter, rising 16% from the previous quarter and 12% from the same period last year. This increase was driven by mega-rounds exceeding $100 m…

Hebbia, an AI startup, raised $130 million in a Series B funding round led by Andreessen Horowitz, with participation from Index Ventures, Google Ventures, and Peter Thiel. This new funding round val…

Tokenized real-world assets will transform financial markets by integrating traditional assets with blockchain technology. This process involves converting physical assets like real estate, commoditi…

In the first half of the year, AI stocks experienced significant gains. Analysts cite advancements in AI technology and increased adoption across various sectors as primary reasons. Companies involve…

The FOMC minutes reveal key insights into the impact of AI on jobs. The minutes indicate that AI will significantly transform job roles and industries by automating routine tasks and creating demand …

A Norwegian company, 1X, raised $100 million to develop android technology for household assistance with its humanoid, Neo, already serving clients in logistics and security. Miami-based StatusPro se…

In the first half of the year, crypto markets experienced significant fluctuations, with Bitcoin and Ethereum showing notable volatility. Key sectors included decentralized finance (DeFi) and non-fun…

Magic, an AI software startup based in San Francisco, is in discussions to raise $200 million at a $1.5 billion valuation despite lacking revenue or a market-ready product. Five months ago, the compa…

Multiple countries strive to dominate the future of generative AI through investments, talent development, and technological advancements. The United States leads in AI research, attracting top talen…

Ethereum (ETH) exchange-traded funds (ETFs) could potentially surpass Bitcoin (BTC) ETFs in popularity due to several factors. The Ethereum network's versatility, including its use in decentralized f…

645 Ventures, founded by Aaron Holiday and Nnamdi Okike, uses software to enhance seed-stage investing, integrating data-driven decision-making into a traditionally network-driven field. The firm lau…

Artificial Intelligence (AI) advances shape global economic and social landscapes. Key countries invest in AI research and development, leading to disparities in technological capabilities. Developed…

Silvergate's collapse resulted from its deep involvement with cryptocurrency firms, leading to significant financial strain and liquidity issues. The bank's reliance on volatile crypto markets caused…

In June 2024, multiple companies secured significant funding, particularly in autonomous vehicles, AI, and biotechnology. Cruise raised $850 million from General Motors to restart autonomous car prog…

San Francisco-based Industry Ventures has closed a $900 million fund for early-stage technology's emerging managers and companies, with plans to invest in venture and seed investors, individual start…

Justin Sun, the founder of TRON, won a significant legal victory over several major media companies. The dispute involved allegations of defamation and false reporting about Sun and his involvement i…