Day: February 1, 2025

Dogwifhat Sphere Ad Canceled, Leaving Investors in Limbo

The much-hyped Dogwifhat (WIF) ad on the Las Vegas Sphere is not happening—at least not for now. Despite months of excitement and a $700,000 community-funded campaign, a Sphere spokesperson confirmed that no deal exists between the venue and the Solana-based meme coin project. The revelation has left supporters frustrated, raising questions about transparency and the […]

OpenAI Strikes Back at DeepSeek With o3-Mini AI Model

After Chinese startup DeepSeek’s R1 model shocked the AI world by matching top-tier performance at a fraction of the cost, OpenAI has fired back with o3-mini, a cost-efficient AI model designed for reasoning tasks. “We’re releasing OpenAI o3-mini, the newest, most cost-efficient model in our reasoning series,” OpenAI announced in a blog post on Friday. […]

Ethereum’s MicroStrategy Imitation Flops, Refunds Depositors

An attempt to replicate MicroStrategy’s Bitcoin-buying playbook on Ethereum has flopped spectacularly, with its founders now returning investor funds. EtherStrategy, launched by Ethereum veterans Justin Bram and Joseph Delong, aimed to sell shares and issue debt to accumulate Ether (ETH), much like MicroStrategy does with Bitcoin. However, the project attracted just 270 ETH (worth around […]

UBS Explores Blockchain for Digital Gold Investments

UBS, Switzerland’s largest bank, is experimenting with blockchain technology to modernize digital gold investments for retail investors. With $5.7 trillion in assets under management, UBS has completed a proof-of-concept for its fractional gold investment product, UBS Key4 Gold, built on ZKsync Validium, an Ethereum layer-2 (L2) network. By leveraging ZKsync, UBS aims to enhance scalability, […]

U.S. Bitcoin Mining Dominance Faces Weather Challenges

As of January 2025, the United States controls 36% of the global Bitcoin mining hashrate, according to Luxor’s latest estimates. Leading the charge is Texas, which alone accounts for 17% of global mining activity, making it the top Bitcoin mining hub in the U.S. Miners are attracted to Texas’s cheap energy, vast resources, and crypto-friendly […]