Stop overthinking. Start asking:
What if you could achieve your 10-year goal in just 6 months?
You might not hit it exactly — but you’ll be far ahead of anyone who waited ten years to start.
– Elon Musk
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What if you could achieve your 10-year goal in just 6 months?
You might not hit it exactly — but you’ll be far ahead of anyone who waited ten years to start.
– Elon Musk
✅ Follow @cryp
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Akon City was supposed to be a $6 billion "African Dubai"—a futuristic metropolis powered by its own cryptocurrency, Akoin, complete with skyscrapers and smart infrastructure. But after 8 years, all that stands is an unfinished Welcome Center.
Today, the project is seen as one of the most high-profile failures—and alleged scams—of the crypto boom era.
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Today, the project is seen as one of the most high-profile failures—and alleged scams—of the crypto boom era.
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FTX is set to distribute its fifth round of creditor payments, amounting to approximately $900 million.
Creditors who met all requirements—including KYC verification, tax documentation, and payment method selection—by June 16 will receive funds on July 31. Disbursements will be processed through BitGo, Kraken, or Payoneer and should arrive within 1–3 business days.
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Creditors who met all requirements—including KYC verification, tax documentation, and payment method selection—by June 16 will receive funds on July 31. Disbursements will be processed through BitGo, Kraken, or Payoneer and should arrive within 1–3 business days.
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Russia set to finalize bill tomorrow, creating a legal framework for cryptocurrency.
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✋ Venice Updates: VVV and DIEM Tokenomics Revised
Venice (VVV) has introduced an update to the tokenomics for both VVV and DIEM. Starting now, 5% of every API credit purchase—equal to $5 for every $100 spent—will be automatically allocated to buy back VVV from the open market and permanently burn it.
This deflationary mechanism was previously in place for Pro, Pro+, and Max subscriptions. Now, it’s being extended to include API users as well. All related transactions will be transparently tracked and displayed separately on the burn statistics page.
In addition, the target supply of DIEM will increase from 38,000 to 40,000 tokens.
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Venice (VVV) has introduced an update to the tokenomics for both VVV and DIEM. Starting now, 5% of every API credit purchase—equal to $5 for every $100 spent—will be automatically allocated to buy back VVV from the open market and permanently burn it.
This deflationary mechanism was previously in place for Pro, Pro+, and Max subscriptions. Now, it’s being extended to include API users as well. All related transactions will be transparently tracked and displayed separately on the burn statistics page.
In addition, the target supply of DIEM will increase from 38,000 to 40,000 tokens.
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US deploys more aircraft to the Middle East amid President Trump’s deliberations on escalating military action against Iran.
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Average U.S. gas prices climb to $4.00 per gallon as tensions flare again with Iran.
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📈 AI Makes Humans Cheaper Than Software
Venture fund Andreessen Horowitz (a16z) shared insights from Hebbia CEO George Sivulka: AI isn’t about replacing people—it's about reorganizing how work gets done.
For the first time, human labor costs less than software, nudging companies to focus on managing AI agents rather than building new models. Yet tech giants continue with large-scale layoffs even as they push more processes through AI automation.
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Venture fund Andreessen Horowitz (a16z) shared insights from Hebbia CEO George Sivulka: AI isn’t about replacing people—it's about reorganizing how work gets done.
For the first time, human labor costs less than software, nudging companies to focus on managing AI agents rather than building new models. Yet tech giants continue with large-scale layoffs even as they push more processes through AI automation.
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😏 Vitalik Buterin Urges a Slowdown in AI Development
Vitalik Buterin argues that AI is advancing too rapidly, outpacing our understanding of what truly sets humans apart. He warns that reaching AGI—artificial general intelligence—will be a turning point with no going back, automating nearly all jobs and eroding any assumed human supremacy.
Rather than racing forward, Buterin calls for a more deliberate pace, championing open-source models and deeper human-tech synergy to prevent power from falling into too few hands.
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Vitalik Buterin argues that AI is advancing too rapidly, outpacing our understanding of what truly sets humans apart. He warns that reaching AGI—artificial general intelligence—will be a turning point with no going back, automating nearly all jobs and eroding any assumed human supremacy.
Rather than racing forward, Buterin calls for a more deliberate pace, championing open-source models and deeper human-tech synergy to prevent power from falling into too few hands.
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🚩 KAITO Token Unlock Claims Under Scrutiny
On-chain analyst MLM has refuted claims about the KAITO token unlock, stating that the distribution schedule—slated to begin in February—has not actually started. According to his analysis, roughly 88% of the total KAITO supply remains held in wallets associated with the project team.
So far, only 2.5% of tokens have been sent to the Sablier protocol, possibly for future distribution, but no tokens have been released yet. A significant unlock of 17.6 million KAITO tokens—valued at approximately $17 million—is expected this week.
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On-chain analyst MLM has refuted claims about the KAITO token unlock, stating that the distribution schedule—slated to begin in February—has not actually started. According to his analysis, roughly 88% of the total KAITO supply remains held in wallets associated with the project team.
So far, only 2.5% of tokens have been sent to the Sablier protocol, possibly for future distribution, but no tokens have been released yet. A significant unlock of 17.6 million KAITO tokens—valued at approximately $17 million—is expected this week.
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🇬🇧 The London Stock Exchange plans to introduce round-the-clock trading to rival always-on cryptocurrency platforms
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Russia adopts a new bill to create a legal foundation for cryptocurrencies.
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President Trump set to unveil 10% tariffs targeting dozens of countries this week.
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📣 Movement Labs Files for Bankruptcy
Movement Labs, the Ethereum layer-2 project built using Meta’s Move language, has officially filed for bankruptcy. The trouble began after its MOVE token launch in December 2024, when a CoinDesk investigation uncovered a controversial market-making agreement that granted a single entity control over a large portion of the circulating supply.
Just one day post-launch, 66 million MOVE tokens flooded the market—an event that triggered immediate backlash. Binance swiftly suspended the market maker’s account. By May 2025, co-founder Rushi Manche had stepped down.
In June 2026, the project shifted direction, repositioning itself around cross-border payments and stablecoin settlements, citing regulatory-compliant payment infrastructure in the U.S., Canada, and the EU. The pivot, however, wasn’t enough to secure its future.
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Movement Labs, the Ethereum layer-2 project built using Meta’s Move language, has officially filed for bankruptcy. The trouble began after its MOVE token launch in December 2024, when a CoinDesk investigation uncovered a controversial market-making agreement that granted a single entity control over a large portion of the circulating supply.
Just one day post-launch, 66 million MOVE tokens flooded the market—an event that triggered immediate backlash. Binance swiftly suspended the market maker’s account. By May 2025, co-founder Rushi Manche had stepped down.
In June 2026, the project shifted direction, repositioning itself around cross-border payments and stablecoin settlements, citing regulatory-compliant payment infrastructure in the U.S., Canada, and the EU. The pivot, however, wasn’t enough to secure its future.
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✈️ Durov just revealed: a native non-custodial Gram wallet is coming to all Telegram apps.
For over a billion users, instant cryptocurrency transfers with zero fees are now just around the corner.
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For over a billion users, instant cryptocurrency transfers with zero fees are now just around the corner.
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💰 A whale who held BTC for more than 12 years has completely cashed out.
An anonymous investor sold the final 1,000 BTC from a wallet that’s been dormant since 2013, when it first acquired 5,000 BTC for roughly $1.6 million. The entire stash was liquidated for approximately $434 million.
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An anonymous investor sold the final 1,000 BTC from a wallet that’s been dormant since 2013, when it first acquired 5,000 BTC for roughly $1.6 million. The entire stash was liquidated for approximately $434 million.
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The U.S. has collected over $13 billion from Venezuelan oil sales this year.
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