Cryptocurrency Owners Are More Likely to Exhibit Psychopathic Traits

A study titled “Political, Psychological, and Social Correlates of Cryptocurrency Ownership” revealed that cryptocurrency holders are more prone to exhibiting psychopathic traits and tend to adhere to “non-traditional political identities.” The survey, which included 2,000 Americans, provided the following key findings.

Key Findings of the Study:

- Cryptocurrency owners are predominantly young men with high levels of education, income, and religious beliefs.
- They show a higher propensity for conspiracy thinking and belief in conspiracy theories, distinguishing them from other population groups.
- For news consumption, cryptocurrency owners often rely on alternative social networks like Telegram, avoiding traditional media.…

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Lawyers Earned Over $750 Million from Crypto Company Bankruptcies

22 law firms involved in seven crypto company bankruptcies under Chapter 11 of the U.S. Code have requested or already received fees totaling $751 million, according to Bloomberg Law.

An analysis of court documents conducted by journalists revealed that as of mid-August, the leading recipients of these fees were Sullivan & Cromwell, Kirkland and Ellis, White & Case, and Cleary Gottlieb, which together accounted for $484 million.

Sullivan & Cromwell, managing the FTX bankruptcy, earned $215 million. Kirkland & Ellis issued the second-largest bill, amounting to $120 million. Their clients include companies such as Voyager, BlockFi, and Celsius, with…

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The registration of new USDT addresses has reached a record high over the past six months

Indicating growing interest in this stablecoin and increasing activity in the cryptocurrency market.

USDT continues to maintain its undisputed leadership among stablecoins, accumulating $117 billion in assets, while the total market capitalization of all stablecoins is rapidly approaching $169 billion. This reflects ongoing trust in stablecoins as a tool for capital preservation in times of market volatility.

The primary networks for USDT remain Tron and Ethereum, where the supply has reached an impressive $58.68 billion and $46.18 billion, respectively. These platforms offer high transaction speed and low fees, making them preferred choices for USDT users.

In addition to Tron and Ethereum, USDT is actively used across other networks such as BNB Chain, Arbitrum, Avalanche, Optimism, Polygon, Solana, TON, and Near. This demonstrates the broad integration of USDT into the blockchain ecosystem,…

Australians Lose $122 Million in Cryptocurrency Due to Scammers

Over the past year, Australian citizens have incurred losses amounting to $122 million in cryptocurrency, falling victim to scammers.

Australian law enforcement authorities strongly advise investors to remain vigilant and not to fall for the tricks of criminals who continually adapt and refine their fraudulent methods.

From 2023 to 2024, scammers inflicted a total loss of $259 million on Australians, with 47% of these losses being tied to cryptocurrency. These crimes not only cause financial damage but also undermine trust in digital assets.

Notably, most of the victims are citizens under the age of 50. Scammers skillfully manipulate their…

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The USA Will Become the “Crypto Capital of the World”

Donald Trump made a bold statement aimed at attracting participants from the cryptocurrency market to his side.

The politician promised to turn the USA into a leading center for the blockchain industry by creating all the necessary conditions for its development. In his speech, he emphasized the importance of cryptocurrencies and decentralized technologies for the future of the global economy.

“I am preparing a plan to make the USA the crypto capital of the world,” the former president announced, adding that his administration will provide tax incentives and legal protection for blockchain companies, as well as encourage innovation…

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Microsoft Tests AI for Audio Transcription

Microsoft has begun testing a new feature called Intelligent Media Search in Windows, which uses AI to convert media files into text. The existence of this feature was reported by a user with the nickname Xeno.

This tool can transform any spoken word from audio and video files on Windows into text format. Access to the feature is provided through an AI model.

With Intelligent Media Search, users will be able to search for keywords within video and audio files, significantly simplifying the process of finding specific information. For example, it can quickly locate a specific chapter in an…

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In August DeFi protocols faced a decline in commission volumes and revenues

This impacted the overall state of the market. The 24.4% drop in commissions to $288.38 million raised concerns among market participants, as this figure returned to February levels, indicating a slowdown in sector activity.

Despite the overall decline, the Lido platform maintained its leading position with a commission income of $76.18 million, significantly outpacing Uniswap, Jito, and PancakeSwap. However, even these leaders experienced revenue declines, highlighting the challenges faced by even the most resilient protocols.

According to Nick Rack, the decrease in yields from liquid restaking strategies has been one of the reasons traders have shifted to less stable…

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xAI Startup Launches the World’s Largest AI Training System

The xAI team, led by Elon Musk, has unveiled a cluster named Colossus, equipped with 100,000 Nvidia H100 graphics processors designed for artificial intelligence training. Musk announced that Colossus is the most powerful system in the world, and its capacity will double to 200,000 processors (50k H200) in the coming months. He expressed his gratitude to the xAI team, Nvidia, and their partners for successfully executing this ambitious project.

The cluster was installed and launched in record time—just 122 days—highlighting the scale and complexity of the project.

Back in July, Musk announced plans to build a system with 100,000…

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Matter Labs has announced a 16% reduction in its workforce

The announcement was made by CEO Alex Gluchowski.

According to the CEO, this decision was driven by the need to adapt the company to new technological requirements and support structures that are crucial for the development of L2 projects.

“We conducted thorough organizational planning and concluded that the current team composition and roles no longer fully align with our strategic goals,” Gluchowski noted, adding that the changes will help the company become more flexible and efficient in the evolving blockchain ecosystem.

According to LinkedIn, Matter Labs employs around 200 people, which means that approximately 30 employees will be…

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Carry Trade and its Features

Carry trade is an investment strategy where borrowed funds are taken in a currency with a low interest rate and invested in assets denominated in a currency with a higher interest rate, allowing investors to profit from the difference in yields. This strategy is widely used in traditional financial markets and, with the rise of the cryptocurrency industry, has also found application in the digital asset market.

How to use carry trade in traditional markets?
One of the most well-known examples of carry trade is the “yen-dollar” strategy. For many years, investors borrowed Japanese yen, as interest rates…

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Two DeFi Giants Join Forces

Aave and Maker, both ranking among the top 5 largest DeFi applications on the Ethereum network, have announced a strategic partnership. Aave is the leading lending platform, while Maker is the creator of the largest decentralized stablecoin, DAI.

Recently, they launched a joint initiative called Sky Aave Force.

The goal of the Sky Aave Force project is to accelerate the mass adoption of cryptocurrencies, bridge the gap between DeFi and traditional finance (TradFi), and create a more sustainable and interconnected financial ecosystem.

CEO of Aave’s Comment:
According to Aave’s CEO, the DeFi industry has reached a…

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The trading volume of DEX platforms on BNB Chain decreased by 24% over the past week

This has become a significant event in the network’s ecosystem.

Over the past week, the trading volume on decentralized exchanges on BNB Chain dropped by 24%, reflecting a general decline in user and market participant activity.

The market capitalization of DeFi protocols on the platform fell to $4.249 billion, whereas in the spring, this figure approached nearly $5.5 billion. This sharp decline draws attention to the state of decentralized finance (DeFi) on BNB Chain, especially amid growing competition from other blockchains.

In comparison to other major blockchains, the drop appears quite significant. For example, Ethereum’s trading volume during the…

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