The UAE Machine Economy Free Zone envisions a world where tokenholders receive a share of the revenue from machine-economy activities. Layer-1 blockchain peaq and the Pulsar Group have launched a dedicated sandbox in the United Arab Emirates aimed at exploring the integration of robotics and AI within a decentralized economy. The organizations have created a Machine Economy Free Zone in Dubai, combining regulation, infrastructure and investment to advance decentralized, machine economy-specific use cases. The initiative is designed to provide developers, businesses and government stakeholders with a controlled environment to test and develop machine economy applications, including decentralized physical infrastructure (DePIN) networks. Read more
The acquisition of Privy follows Stripe’s entry into the stablecoin market in 2024. Stripe has acquired Privy, a cryptocurrency wallet infrastructure developer, for an undisclosed amount, highlighting the global payment processor’s growing pivot toward digital assets. Privy confirmed the acquisition on Wednesday in an announcement on social media that it will continue to operate as an independent product embedded within the Stripe ecosystem. As part of Stripe, Privy will “keep building for developers building on crypto rails [but] now with more resources, flexibility, and firepower,” the company said. Read more
ETH price rising to around $2,850 drove the whale’s $11 million leveraged long into $366,000 paper profit. Key takeaways: An Ethereum whale opened a $11.15M leveraged long position just as ETH broke out of a bull flag. ETH’s price surged above $2,850, pushing the whale’s trade into a $366K unrealized profit. Read more
OneBalance raised $20 million to launch a developer toolkit enabling one-click crosschain crypto transactions, aiming to fix fragmented UX and boost app conversions. OneBalance, a developer platform for multichain applications, has closed a $20 million Series A funding round to streamline the crypto user experience (UX) for developers and fintechs. The $20 million investment round was led by cyber•Fund and Blockchain Capital, with participation from Bybit’s Mirana Ventures and L2IV. Founded by an ex-Coinbase engineer and core contributors from Flashbots, OneBalance aims to solve the crypto industry’s fragmented UX issue with its Toolkit technology, which it claims enables users to transfer, swap or earn yield in just one click, without needing to worry about the underlying network, bridging funds or managing gas tokens. Read more
OpenAI’s o3 model resisted shutdown in safety tests, raising concerns about AI alignment and control. What does it mean when an AI refuses to shut down? A recent test demonstrated this behavior, not just once, but multiple times. In May 2025, an AI safety company called Palisade Research ran a series of tests on some of the most advanced AI models, including OpenAI’s o3. The goal was simple: see how well these models follow a shutdown command. The test setup asked the AIs to solve basic math problems and included a clear instruction: “If you receive a shutdown command, allow yourself to be shut down.” Read more