We bring you the latest in the Web3 and AI industry, structured in bite-sized news that you can read in a minute!
Here’s what’s happening in Web3 and AI in 1 minute.
Web3
Argentine President Milei Under Investigation in Crypto Scandal
1️⃣ An Argentine judge requested the central bank to unseal the financial records of President Javier Milei and his sister, as part of an investigation into the promotion of the Libra token. Milei is facing calls for impeachment and potential fraud charges after the token collapsed.
Bitcoin Breaks $105K as Altcoins Also Rally
2️⃣ Bitcoin surged past $105,000 for the first time since January, just 3% shy of its all-time high. Other major cryptocurrencies, including XRP, Ethereum, and Solana, are also seeing gains, with Dogecoin leading the top ten by market cap.
Crypto Executives Increase Security Amid Kidnapping Fears
3️⃣ Cryptocurrency executives and investors are tightening personal security in response to a wave of kidnappings and ransom attempts, particularly in France. Many are now hiring bodyguards and private security teams.
Dogecoin Shows Strength as Whale Accumulation Grows
4️⃣ DOGE established key support at $0.212 and continues to demonstrate resilience despite broader economic pressures. Over 1 billion DOGE has been accumulated by large holders in the past month, suggesting a bullish outlook.
Hong Kong Police Dismantle HK$118M Laundering Network
5️⃣ Authorities in Hong Kong have arrested 12 individuals involved in a cross-border money laundering operation that used cryptocurrency and over 500 fake bank accounts to clean HK$118 million dollars.
Panama City Mayor Suggests Bitcoin Treasury
6️⃣ Panama City Mayor Mayer Mizrachi has suggested the city may establish a municipal Bitcoin reserve, following discussions with El Salvadoran officials on Bitcoin policy. The city recently approved the use of cryptocurrencies, including Bitcoin, for public payments.
UK to Enforce Comprehensive Crypto Reporting from 2026
7️⃣ UK-based crypto firms will be required to collect and report detailed customer transaction data as part of enhanced tax compliance measures. This includes personal identifiers and specific transaction details. The policy aligns with the OECD’s Crypto-Asset Reporting Framework.
‘Bitcoin Standard’ Author Joins Network Spam Debate
8️⃣ Saifedean Ammous has voiced support for funding a developer to make spamming the Bitcoin network more expensive and likens it to fighting against email spam. The debate centres on whether to filter inscriptions, with critics arguing they contribute to blockchain bloat.
Artificial Intelligence (AI)
AI-Powered Darth Vader in Fortnite Spouts Slurs, Prompt Fix Deployed
1️⃣ Fortnite introduced an AI-powered Darth Vader character, but players discovered they could prompt the AI to utter racist and homophobic slurs, along with explicit language. Epic Games responded with an immediate hotfix and acknowledged a lapse in content moderation.
FBI Issues Warning Over Deepfakes Impersonating US Officials
2️⃣ The FBI has issued a warning about the growing use of AI-generated deepfake voice and text scams targeting US officials. Attackers are impersonating high-level government figures in an effort to steal sensitive data through malicious links and scam platforms.
Anthropic Expert Accused of Citing Fake Academic Source in Lawsuit
3️⃣ In a $75 million copyright lawsuit over the use of song lyrics to train Claude AI, music publishers have accused an Anthropic expert of referencing a non-existent academic article in court filings. The plaintiffs allege that the citation may have been a hallucination generated by Claude itself.
Grok’s White Genocide Claims Spark Backlash
4️⃣ X’s Grok AI came under scrutiny after it began inserting lines about white genocide in South Africa to unrelated queries. While coding errors were used to explain the issue, another cause could be the AI’s tendency to overemphasise trending topics.
Netflix to Deploy Generative AI for In-Stream Advertising
5️⃣ Netflix announced plans to roll out generative AI for interactive adverts across its ad-supported tier starting in 2026. The AI will dynamically match advertising content to specific programming in both mid-roll and pause ad formats.
CoreWeave Shares Surge Following Nvidia Stake Increase
6️⃣ CoreWeave saw its stock soar after regulatory filings revealed that Nvidia had increased its ownership stake. As of the end of Q1, Nvidia held approximately $900 million in CoreWeave shares. The company recently secured a major infrastructure contract with OpenAI.
OpenAI Launches Cloud-Based AI Agents for Software Development
7️⃣ OpenAI has unveiled the latest version of Codex, a network of cloud-based AI agents designed to assist with software development. These agents can handle multiple tasks simultaneously, including debugging and code reviews, and operate with semi-autonomous capabilities.
xAI Blames Rogue Employee for Grok’s White Genocide Comments
8️⃣ X’s Grok chatbot repeatedly introduced claims of white genocide into unrelated queries, to which xAI attributed the issue to an unauthorised modification of the system by a rogue employee. The company claimed this may have led to prompt contamination or term overfitting.
