Fenwick & West has agreed to pay $54 million to settle a class action lawsuit filed by former FTX customers who accused the law firm of helping facilitate fraud at the collapsed cryptocurrency exchange. Summary Fenwick & West has agreed to pay $54 million to settle claims that it helped FTX conceal the misuse of…
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Key Takeaways Vitalik Buterin flagged ‘relay dependence’ on X as a fragility concern for Ethereum’s smart wallet users. FOCIL and EIP-8141 are targeted for the Hegota upgrade in late 2026 to rebuild the public mempool. EIP-7701 enables native account abstraction for Ethereum wallets, expected with the Hegota fork. The Problem With Relays Smart contract wallets…
I recently had the opportunity to test out a wearable from Bee, the AI wrist gadget that Amazon acquired last year and has since updated with a number of new features. Like other AI wearables, Bee is designed as a kind personal assistant: it records, transcribes, and summarizes the user’s conversations throughout the day, providing…
Kalshi has backed a new advocacy group, Americans for Fair Markets, as the prediction market industry faces rising pressure from casinos, sportsbooks, state regulators, and Congress. Summary Kalshi-backed Americans for Fair Markets will lobby for federal prediction market rules and consumer protections. The launch comes as Congress now probes Kalshi and Polymarket over insider trading…
The Moon is brighter again tonight, with most of its surface now illuminated as we head towards the Full Moon. What is today’s Moon phase? As of Monday, May 25, the Moon phase is Waxing Gibbous. Tonight, 69% of the moon will be be lit up, according to NASA’s Daily Moon Guide. When you look…
Key Takeaways House and Senate lawmakers proposed a $5,000 limit on super PAC donations. Crypto-linked super PACs gained influence during stablecoin and market structure policy debates. Supporters argue tighter contribution limits could reduce concentrated election spending power. Super PAC Cap Would Reshape Election Spending U.S. Representative Summer Lee and Senator Bernie Sanders unveiled the Abolish…
Garlic has been considered a natural mosquito repellent for centuries. In popular culture, it is believed that its pungent smell repels these insects, which, in addition to causing sleepless nights, transmit diseases such as dengue fever or malaria. Now, this belief has a scientific explanation. A group of scientists from Yale University conducted a phytochemical…
Decentralized prediction market Polymarket has become inaccessible to users in the Philippines utilizing the Globe Telecom network. Visitors attempting to access the platform via Globe are currently redirected to a standard “Access Restricted” landing page hosted by the Cybercrime Investigation and Coordinating Center (CICC): Polymarket blocked by Globe ISP in the Philippines. When accessing the…
Blockchain researcher William Mougayar defended the Ethereum Foundation after months of criticism over ETH sales, unstaking activity, and limited public communication. Summary William Mougayar said critics misread the Ethereum Foundation by treating it like a marketing team. Recent Foundation sales to BitMine totaled 25,000 ETH across three OTC deals lately. Separate reports showed 38,305 ETH…
