Nike closed its RTFKT unit in December 2024, causing the value of NFTs to plummet and leaving buyers with significant financial losses. This led to a lawsuit alleging that Nike misled investors about the stability and legality of the NFTs.
AnaisTerm Finance, an Ethereum-based lending protocol, lost around $1.6 million in ETH due to a misconfigured oracle. The team recovered over $1 million through negotiations and will cover the remaining shortfall from the protocol's treasury. A post-mortem of the incident will be released soon.
CatherineMeta cut jobs in its Reality Labs division, affecting teams like Oculus Studios and the Supernatural VR app. The layoffs are part of a move to make the division more efficient as Meta keeps investing in mixed reality.
WeatherlyDonald Trump holds the lowest 100-day approval rating of any new US president in 70 years, with polls placing him between 39% and 45%. Public trust is eroding as voters grow sceptical of his handling of the economy, immigration, trade, and inflation, casting doubt on the administration’s ability to regain confidence.
KikyoxAI is negotiating a $20 billion funding round, which could increase its valuation to $120 billion and solidify Musk's influence in the AI field. Despite challenges with debt from the acquisition of Twitter, investor interest remains high, and xAI is positioned for significant growth in both AI and social media sectors.
WeatherlyA recent study shows that humans outperform AI in understanding social interactions in dynamic environments. The research suggests this gap arises because AI is modelled on brain regions for static images, not dynamic, interactive contexts.
CatherineDeepSeek has returned to South Korea’s app stores after a two-month suspension due to data privacy concerns. The company revised its privacy policy to comply with local laws and allow users to opt out of data sharing with foreign companies.
AnaisEl Salvador has stopped using public funds to buy Bitcoin as part of an agreement with the IMF. However, the country continues to grow its Bitcoin holdings through private sources.
AnaisThe announcement of new incentives for President Trump’s official meme coin sparked $2.4 billion in onchain transfers, a 60% price jump, and a 200% surge in activity. Critics, however, call the move controversial, with some demanding impeachment. Is Trump blurring the lines between politics, personal gain, and public trust?
CatherineVirtually Human Studios shut down the original Zed Run and launched a new game called Zed Champions on Base network. The new version brings automatic racing, uses ZED tokens for gameplay, and gives players a fresh start without using old NFTs.
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