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US Taps Swiss Firm for Massive AI Drone Shipment to Ukraine – Decrypt

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US Taps Swiss Firm for Massive AI Drone Shipment to Ukraine – Decrypt



In brief

The Pentagon has awarded $50 million contract to Auterion for 33,000 AI drone strike kits for Ukraine.
The Kits turn commercial drones into autonomous weapons.
Experts say autonomous commercial drones are a growing part of modern warfare.

The Pentagon has awarded a $50 million contract to Swiss defense software firm Auterion to deliver 33,000 AI-powered “strike kits” to Ukraine.

The kits convert commercial drones into autonomous weapons and are expected to ship by the end of the year.

“The strike kits are platform-agnostic, so that they can be used with any drone type,” an Auterion spokesperson told Decrypt.

It comes two months after Ukraine launched a large-scale attack against Russian targets using commercial drones.

“You’re seeing a cat-and-mouse game, with each side trying to innovate in real time,” Daniel Gerstein, a senior researcher at the RAND Corporation and former acting Undersecretary for Science and Technology at the Department of Homeland Security, told Decrypt. “One side is developing drones that can strike from long distances. The other is building countermeasures.”

Gerstein said that drone warfare has reshaped modern combat, even as it enters a new tactical phase—using AI-guided drones in contested zones.

Drones that AI navigates do not rely on remote operators, which can be an advantage if the operator’s radio signal is being jammed.



With this technology, the attacker could “use AI to identify a target—put it into a general vicinity,” he said. “Then, once it gets there, identify the target, strike the target, and accomplish the mission.”

In June, Ukraine used modified commercial drone swarms to hit military targets deep inside Russia, demonstrating the growing threat of these autonomous and increasingly lower-cost drones.

“In Operation Spider’s Web, they positioned trucks near the airfield and launched drones. According to reports, they used ‘First Person View,’ meaning operators manually targeted individual aircraft,” Gerstein said.

“But with AI, drones could be programmed to seek out specific systems—like air defense radars, armored vehicles, or command centers, by homing in on radio signals those targets emit,” Gerstein added.

Founded in 2024 and headquartered in Zurich and Arlington, Virginia, Auterion develops software and operating systems for autonomous drones and ground robots.

Its strike kits include the company’s Skynode module, a device about the size of a credit card, that allows drones to track and engage moving targets from up to a mile away. The company claims the tech is resistant to electronic jamming.

The Skynode S also features 4GB of RAM and 32GB of onboard storage, enabling drones to handle real-time video processing while operating remotely.

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DOJ Seeks Forfeiture of Bitcoin Tied to ‘Chaos’ Ransomware Group – Decrypt

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DOJ Seeks Forfeiture of Bitcoin Tied to ‘Chaos’ Ransomware Group – Decrypt



In brief

The DOJ is seeking forfeiture of $2.3 million worth of Bitcoin tied to ransomware attacks.
The funds are allegedly linked to Chaos, a newly identified ransomware group.
The group emerged as early as February, according to Cisco Talos.

The U.S. Department of Justice said on Monday that it is trying to take ownership of $2.3 million in Bitcoin seized from a member of Chaos, a newly identified ransomware group.

The United States Attorney’s Office for the Northern District of Texas filed a civil complaint last week seeking the forfeiture of 20.3 Bitcoin. In a press release, it described the funds as the alleged proceeds of money laundering and ransomware attacks.

Members of the FBI’s Dallas division seized the Bitcoin in mid-April. The coins were allegedly tied to “Hors,” a member of the Chaos group who has been linked to several attacks, including those against residents of the Lone Star state, authorities said.

Authorities were able to seize the Bitcoin using a recovery seed phrase through Electrum, a Bitcoin wallet that debuted in 2011, according to a civil complaint. The funds are currently being held in a government-controlled wallet, it added.



The government’s explanation for how the funds are linked to criminal activity, along with the underlying offenses, was detailed “under seal as a highly sensitive document.”

A spokesperson for the United States Attorney’s Office for the Northern District of Texas declined to comment to Decrypt, citing the matter as pending litigation.

Bitcoin tied to the infamous Silk Road marketplace represents the government’s biggest haul, comprising 69,370 Bitcoin that would be worth $8.2 billion today. In January, the government received approval to begin liquidating the forfeited funds. 

Chaos emerged as early as February, according to cybersecurity firm Cisco Talos. After encrypting data on a victim’s computer, members of the group will often demand a ransom payment while threatening to disclose confidential information that they’ve collected.

Chaos is described as a ransomware-as-a-service group, offering cross-platform software that’s purportedly compatible with Windows, ESXi, Linux, and NAS systems. 

Although ransomware attackers often use another software program called Chaos, Cisco Talos does not believe the group in question is not connected to its developers, and it said that they are likely exploiting the confusion to hide their members’ identities.

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The Future of Internet Infra Begins at Home with DAWN’s Black Box and

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The Future of Internet Infra Begins at Home with DAWN’s Black Box and


The Internet changed our world. It gave us instant global communication, real-time transactions, and easy access to knowledge. But over time, a few big companies have taken control of it. This centralization makes the Internet more expensive, less private, and harder to access for many. It also creates weak points that can cut people off from the digital world.

That’s where DePIN comes in. DePIN is a movement to give control of the Internet’s physical systems back to the people. DAWN is leading the way by building decentralized wireless networks. At the same time, Spheron is making GPU and CPU compute power accessible to anyone by decentralizing it.

Together, DAWN and Spheron are building a future where everyday users don’t just connect to the Internet, they help run it.

The Problem: Why the Current Internet Model Needs Change

The internet today is incredibly powerful but also fragile. It’s built on costly, centralized infrastructure, is closed, and is controlled by a small number of companies. These gatekeepers decide how we connect, what we pay, and what we can access. This creates high costs, privacy risks, and offers users no opportunity to benefit from the infrastructure they rely on daily.

The Internet is also struggling to keep up with new demands. More apps now require fast, local processing, such as AI tools and real-time data analysis. These apps require strong computational power and fast connections near where users are located. But traditional systems like home routers and large data centers can’t deliver that to regular people simply or affordably.

As the Internet becomes increasingly accessible to users, the old centralized model is no longer effective. We need a better, more local solution.

DAWN’s Solution: Revolutionizing Home Internet with the Black Box

DAWN introduces the innovative “Black Box,” transforming typical home routers into powerful hubs for decentralized internet connectivity. Unlike ordinary routers, the Black Box lets households actively participate in a decentralized wireless network.

Here’s how it works:

Next-Generation Router: The Black Box delivers ultra-fast, reliable WiFi for your home. It uses modular, upgradeable hardware to ensure it stays future-proof. It also serves as a smart home hub, connecting devices such as lights, thermostats, and security systems through a single app.

Decentralized Wireless Node: It turns your home into part of a decentralized network. The Black Box securely connects with other nearby devices, allowing you to share spare bandwidth and extend wireless coverage across your neighborhood. You’re not just a user—you become part of the infrastructure.

Edge Infrastructure Gateway: The Black Box enables you to host decentralized applications directly from your home, including AI tools, private cloud storage, media streaming, and more. You can run services that normally require centralized data centers, while keeping control and cutting costs.

Reward Engine: By sharing bandwidth, compute, and running decentralized services.The Black Box connects to various DePIN protocols and manages everything through a simple mobile app.

Modular and Upgradeable: Built with a microATX layout, the hardware is easily expandable. Want to upgrade to a more powerful GPU for AI inference? Swap in a new wireless card? Add more memory or storage? All possible with consumer-standard components.

The Black Box is not just a product. It’s a platform designed for the new internet, one that puts ordinary households at the center of global infrastructure. It empowers anyone, anywhere, to become an operator, provider, and stakeholder in a decentralized digital future.

​​Watch The Black Box Demo👇

How Spheron Supports DAWN’s Vision: Bringing Compute Power to Every Household

Spheron is a decentralized compute network designed to bring idle compute resources into productive use. It aggregates underutilized CPUs and GPUs from a wide range of contributors, including professional data centers, solo developers, and everyday households, and makes them available through a simple platform. With no centralized intermediaries, Spheron users can save up to 80% compared to traditional cloud providers.

At the heart of Spheron’s vision for retail participation is the Fizz node, lightweight software designed to run on consumer-grade hardware. These nodes form subnets under gateway providers and create micro-economies where compute power is bought, sold, and rewarded. With flexible uptime requirements, users only need to keep their nodes online for part of the day to start earning. The more compute they contribute, the more they can earn.

Fizz is designed to be extremely easy to run. Operators simply visit the Fizz website, choose CPU or GPU mode, select how much RAM or VRAM to allocate, and download the installer. A built-in dashboard and leaderboard help users track uptime and earnings. This ease of use makes Fizz one of the most accessible ways to join a decentralized compute network.

Today, Spheron’s compute layer includes over 600K CPUs, 8,300+ GPUs, and 44,000+ active Fizz nodes. This massive network powers a growing set of workloads, from AI inference to rendering to developer tools.

DAWN and Spheron share a common mission: make decentralized infrastructure work for real users. DAWN simplifies the hardware and network layers through its Black Box, while Spheron simplifies the software orchestration, rewards, and resource allocation. By integrating Fizz directly into the Black Box, we make it possible for any household to contribute compute with a single tap, no extra setup required.

Together, we’re removing every technical and economic barrier that prevents users from earning and participating in the modern compute economy. This isn’t just a convenience, it’s a shift in how infrastructure is built. For the first time, users can become owners of the internet by running decentralized services from home.

Partnership Details: Making Compute Simple and Accessible

Spheron’s permissionless compute network is being integrated directly into every DAWN Black Box. Out of the box, your Black Box will be able to spin up a Spheron Fizz node and contribute its GPU to a global compute marketplace.

This is a major step toward making decentralized compute truly plug-and-play. No setup, no DevOps, and no extra hardware configuration required. The moment a household powers up their DAWN Black Box, they’re live on the Spheron Network.

With this partnership:

Spheron brings compute to the edge, Spheron’s fizz node will be supported by DAWN’s Black Box.

Users instantly become node operators, sharing idle GPU/CPU power to support global workloads.

Rewards start from day one, thanks to integrated token mechanics tied to compute contributions.

Spheron handles orchestration, compute routing, rewards, and uptime validation, while DAWN delivers a seamless hardware experience. This full-stack integration bridges the gap between users and the decentralized internet.

Together, we’re laying the foundation for a new kind of infrastructure, one that scales from the home up, not the top down.

Moving Forward: Together Toward a Decentralized Future

The collaboration between Spheron and DAWN sets a benchmark for future decentralized infrastructure initiatives. By combining intuitive hardware with a powerful software ecosystem, we disrupt the limitations of centralized internet models.

As the DAWN network grows, Spheron ensures robust compute capabilities for advanced edge applications like AI and IoT. Together, we’re creating new opportunities, enabling homes to become the foundation of tomorrow’s decentralized digital economy.

Looking ahead, Spheron and DAWN will continue innovating, enhancing user participation, and expanding this decentralized ecosystem. We believe in restoring the internet’s ownership to the users, making its benefits universally accessible.

The decentralized future isn’t just a vision, it’s here today, thanks to Spheron and DAWN, reshaping connectivity and compute from the comfort of your home.



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Binance launches RWUSD yield bearing stablecoin-like product offering 4.2% APR from RWAs

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Binance launches RWUSD yield bearing stablecoin-like product offering 4.2% APR from RWAs


Binance has launched RWUSD, a new principal-protected yield product offering up to 4.2% APR benchmarked against tokenized U.S. Treasury bills and other real-world assets.

The offering aims to continue Binance’s plan to incorporate off-chain financial instruments into its Earn product suite while avoiding direct exposure to tokenized assets.

Users can subscribe to RWUSD using stablecoins like USDT or USDC, depending on regional availability. Upon subscription, Binance issues RWUSD in a 1:1 ratio to a user’s Spot Account, with no associated subscription fees.

Redemption is only permitted in USDC at the same 1:1 ratio, regardless of the initial stablecoin used. Fast Redemption and Standard Redemption options carry fees of 0.1% and 0.05% respectively, though Binance may periodically waive Fast Redemption fees at its discretion.

RWUSD is not a stablecoin

According to Binance, RWUSD is neither a stablecoin nor a tokenized asset, nor does it represent ownership in any RWA. Instead, it functions as a ledger entry reflecting a user’s principal and accrued rewards within Binance’s infrastructure.

Unlike stablecoins, RWUSD cannot be traded, transferred to other accounts, or withdrawn on-chain. However, like stablecoins, it may be used as collateral for Binance VIP Loans, providing yield continuity even when leveraged within Binance’s loan ecosystem.

Rewards accrue daily and are distributed in RWUSD directly to the user’s Spot Account. Yield rates are determined at Binance’s discretion and benchmarked against instruments such as tokenized U.S. Treasury bills. The APR is flat across all deposit sizes, with no tiered rates or limits on subscription amounts up to $5 million per user.

RWUSD begins accruing rewards the day after subscription, based on the lowest daily balance held. Distribution occurs two days after the subscription, and rewards are only issued for balances above 0.01 RWUSD. Redemption timing varies by method: Fast Redemption delivers USDC instantly, while Standard Redemption returns assets to users by 10:00 UTC on the third day following the request.

Although RWUSD is benchmarked to yields derived from tokenized RWAs, Binance explicitly clarifies that it does not constitute a tokenized security, fund, or transferable on-chain asset. The firm emphasizes that users have no direct claim to the underlying RWAs or the income generated.

RWUSD is unavailable to U.S. persons and subject to change in yield rates, subscription caps, and redemption conditions, per Binance’s internal policies.

The product’s backing stems from revenue streams within Binance’s ecosystem and select off-chain assets, not from on-chain collateral or third-party custodians.

RWUSD remains confined within Binance’s closed-loop system, aiming to appeal to yield-seeking users with high subscription thresholds and collateral options, without directly engaging with tokenized securities markets.

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ASIC Issues Warning Over Bitget’s ‘Unlicensed’ Crypto Futures Products in Australia – Decrypt

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ASIC Issues Warning Over Bitget’s ‘Unlicensed’ Crypto Futures Products in Australia – Decrypt



In brief

ASIC has accused Bitget of offering unlicensed crypto futures to Australians, lacking an AFS licence and bypassing investor protections.
Bitget’s products offer up to 125x leverage, far above ASIC’s 2:1 limit, exposing users to major financial risks, ASIC said.
Global regulators have issued similar warnings since 2022, with actions taken in Spain, Japan, Germany, and other jurisdictions.

The Australian Securities and Investments Commission has issued a public warning against Bitget, accusing the crypto exchange of offering high-risk crypto futures products without a license.

ASIC said Bitget and its parent company, BTG Technology Holdings Limited, are promoting “unlicensed cryptocurrency futures products” to Australian investors, in a statement released Sunday.

“Bitget does not hold an Australian Financial Services licence,” the regulator said, “meaning it is not permitted to promote or encourage Australian investors to invest in its financial products.”

ASIC’s warning is the latest in a series of regulatory crackdowns, it says, is aimed at protecting retail investors from speculative, complex, and unregulated crypto financial products.

Similar action was taken last year when ASIC revoked Binance Australia Derivatives’ license and accused the platform of misclassifying retail clients, thereby stripping them of key consumer protections, including product disclosure statements and dispute resolution.

“The Australian government has been quite slow to clarify their expectations, and to this day, still have not done so in binding legislative form,” Bridget Nichols, chief commercial officer at crypto asset manager Monochrome, told Decrypt, when asked about challenges exchanges face in acquiring licensing for complex crypto products.

While ASIC limits leverage ratios for licensed crypto derivatives at 2:1 to protect retail investors, Bitget offers leverage up to 125:1

“For every dollar invested at this leverage rate, there is potential for 125 times magnified gains or losses for investors,” the regulator warned, saying that “trading in highly leveraged derivative products can result in substantial losses.”

“If you invest in something that is unlicensed and unregulated in Australia, it’s harder to get help if things go wrong,” ASIC warned. 



Without an AFS licence, Bitget users are not protected by safeguards such as internal dispute resolution or client money protection.

While acknowledging that “investor protection considerations are paramount so ASIC has the correct focus,” Nichols said “inhibiting innovation is an unfortunate bi-product, as ASIC is unable to keep up with technical advancements in the digital assets industry.

“Wrapping traditional finance around digital assets is the only currently available solution for regulatory clarity in Australia,” she said, calling Monochrome’s launch of a Bitcoin ETF, a “challenging path” that took three years.

Bitget remains registered with Australia’s financial intelligence agency, AUSTRAC, for basic exchange services but lacks the broader financial services license required for derivatives trading.

The warning comes as international regulators increasingly scrutinize Bitget’s operations, as cited in ASIC’s statement. 

Since 2022, authorities in Spain, Austria, Germany, Canada, France, Cyprus, Malaysia, and Japan have issued similar warnings or taken regulatory action against various Bitget entities.

Decrypt has approached Bitget with a request for comment.

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Will Ethereum Continue to Rally? This Bitcoin OG Is Bullish on ETH – Decrypt

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Will Ethereum Continue to Rally? This Bitcoin OG Is Bullish on ETH – Decrypt



In brief

Jeff Garzik, an early Bitcoin developer, said he has a “super long-term view” of Ethereum and is bullish on it.
Ethereum will continue to exist as a major project in the Web3 world, largely due to the usefulness and ubiquity of the Ethereum Virtual Machine, he said.
ETH’s price soared past $3,800 this week, with the token’s value jumping 60% over the past month.

Ethereum has rallied to more than $3,800 this week, gaining roughly 60% over the past month, according to data provider CoinGecko—a sign that “ETH season” is finally nigh. 

But as the altcoin rises from the doldrums, one question remains foremost for the token’s holders: Will this ETH revival last? 

Jeff Garzik, an early Bitcoin programmer who worked on the blockchain alongside its creator Satoshi Nakamoto more than a decade ago, said Ethereum and its native token will thrive, largely due to the usefulness and ubiquity of its technology. 

“I’m not bearish on Ethereum because everybody is building on EVM,” Garzik told Decrypt, referring to the Ethereum Virtual Machine, a decentralized computation engine that executes smart contracts on the Ethereum network. 

The Bitcoin OG’s endorsement of Ethereum comes as the layer-1 appears to recover from a crisis of confidence that coincided with ETH’s plunge to $1,410 on April 7— its lowest price since March 2023.

The Ethereum Foundation also underwent leadership changes earlier this year amid fears the layer-1 was losing ground to rival blockchains such as Solana, with some investors raising concerns over the Foundation’s roadmap for the project. 



But Ethereum’s fortunes have improved recently. ETH sailed to $3,844 on July 21 and popped even higher earlier Sunday, and has remained roughly $1,000 below its all-time high of $4,878 set in November 2021, according to CoinGecko, buoyed by institutional and corporate investments into the altcoin.

Spot Ethereum ETFs notched $2.12 billion worth of inflows the week before last, nearly doubling their previous record, according to Farside Investors data—and then flipped Bitcoin ETF flows last week.

Meanwhile, a spate of Ethereum treasury companies—including Bitmine Immersion Technologies and SharpLinkhave added billions of dollars in ETH to their coffers over the past few weeks.

However, Garzik believes it is Ethereum’s technological contributions—not recent investor interest in its token—that signal the project’s chances for long-term success. Garzik has tapped the EVM tech for Hemi Network, a layer-2 network that is compatible with both Bitcoin and Ethereum, that launched its mainnet in March.

“I look at it maybe from a different perspective than price,” the developer said. “What’s going to be here 10 years from now, 20 years from now? I think it’s unquestionably Bitcoin and Ethereum.”

Declining to offer a price prediction for ETH, Garzik noted that much of the crypto ecosystem is largely undergirded by Ethereum’s technology. 

“The default choice for programmability…[and] for smart contracts is to be building on Ethereum tech,” the developer said. “Everybody wants to, whether it’s an L1 or an L2.” 

EVM is used across many popular blockchains, including Avalanche, Polygon, and Arbitrum. 

Asked about so-called Ethereum killers such as Solana, Sui, and Aptos, which use their own nodes and programming languages instead of the EVM, Garzik said: “You’ve got a lot of people saying, ‘I’ve got this latest whizbang technology. It’s gonna smoke Ethereum, [and] Ethereum is like yesterday’s news.’ [But] none of them have time in the market.”

Speaking about the rivalry between newer blockchains and Ethereum, Garzik recalled a joke about Microsoft and the browser wars in the late 1990s. 

“The joke goes, if Microsoft made a car, it’d go 1000 miles an hour, it’d randomly crash, turn left, and explode when you least expect it,” he said. “Some of the newer blockchains are like that.”

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How Spheron Is Building the Compute Flywheel with $SPON

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How Spheron Is Building the Compute Flywheel with $SPON


In the 1860s, America sat on a growing oil boom. Drillers in Titusville, Pennsylvania, tapped black gold that powered kerosene lamps and fueled trains. But raw oil was useless without a way to transport it. Wagon caravans proved slow and expensive. So visionaries laid pipes, initially just two and a half miles long, to move roughly 2,000 barrels per day straight from wellheads to refineries. That first pipeline worked. It cut costs, increased supply, and ignited an infrastructure revolution.

Over the decades, engineers replaced wooden barrels and teamsters with steel conduits spanning thousands of miles. By the 1920s, the U.S. boasted over 115,000 miles of pipeline, delivering millions of barrels per day reliably and cheaply (Academia). Pipelines transformed energy from a local commodity into an unstoppable global economy.

Today, compute is our new oil. Artificial Intelligence, autonomous software agents, and Web3 apps hungry for heavy-duty processing face bottlenecks: centralized clouds like AWS and Azure sell compute but lock users into opaque pricing, throttled growth, and trust in siloed data centers. The old model mirrors early oil. And just as pipelines broke open markets, decentralized compute will reshape tech. Spheron and its $SPON token are building that modern pipeline.

Learning from the Past

First, pipelines scaled because they were permissionless. Anyone producing oil could tap in and ship it. Companies didn’t need permission to use them. That freedom empowered local drillers and democratized access. The network effect took hold swiftly. Communities formed around pipelines, driving further investment, more capacity, and rapid growth.

We see the same pattern in blockchain. Permissionless networks like Bitcoin, since its 2009 genesis, have allowed anyone to join, mine, transact, and help secure the ledger (HeLa). No gatekeepers. No central approval. This permissionless model unleashed unprecedented innovation, from smart contracts to DeFi and NFTs.

But when it comes to compute running AI training, inference, or agent workflows, we returned to the old model. We relied on centralized cloud providers. That system is expensive, opaque, and vulnerable to censorship or outage. Recent history shows how quickly centralized services can fail or enforce rules on developers.

Why Permissionless Compute Matters Today

Imagine thousands of individual computers, retail GPUs, gaming rigs, and data-center equipment connected in a global network. Each node can contribute processing power, compete in pricing, and automatically provide compute on demand. Developers just point workloads to the network. Users tap in, stake tokens to mine rewards, and no one needs centralized approval. That’s permissionless compute in action.

It matches the oil pipeline playbook:

Open access: Anyone can join.

Efficient flow: Resources get allocated transparently.

Scale through usage: Each added node fuels more growth.

Network effect: More demand and supply reinforce each other.

But in compute, this hasn’t happened until now.

Enter Spheron: Oil Pipeline Builders of the Digital Age

Spheron constructs the permissionless compute infrastructure to meet the demands of on‑chain AI and decentralized agents. It plugs retail and data-center GPUs and CPUs into a global decentralized marketplace. It layers easy node onboarding (Fizz Nodes), flexible leasing (GPU Marketplace), and plug-and-play agent platforms (Skynet, KlippyAI, Aquanode).

These infrastructure pieces combine into compute pipelines:

Supply: 44,000+ active nodes, over 8,300 GPUs, and 602,000 CPUs delivering real compute in 176 regions.

Demand: 100+ live Web3 integrations, enterprise-level use cases, and growing AI workloads.

Revenue: $10 million ARR before the token even launched. That is traction

That’s how Spheron captures value ahead of the TGE: real compute-driven demand.

Why $SPON Is the Pipeline Token of This Ecosystem

When pipelines emerged in the 1860s, operators didn’t try to sell shares in drilled oil. They taxed transported volume. They optimized the flow. They reinvested.

$SPON works the same way:

Compute payments: Users lease GPU/CPU from Spheron via $SPON directly.

Staking & rewards: Node operators stake $SPON to join. They receive higher payouts for uptime.

Governance: Token holders decide pricing, parameters, and feature development.

Deflationary design: A share of fees buys and burns $SPON, mimicking pipeline tolls and reducing supply.

That token flywheel means every usage event in the network rewards holders directly. It aligns incentives and ensures network growth only adds value to $SPON.

Think back to NVIDIA. In 2015, few expected the AI boom. If you bought early, you saw massive returns. Today, Spheron sits in a similar position, but at the infrastructure level. The compute market is already huge: IDC predicts AI infrastructure spending will grow to hundreds of billions annually by the end of the decade. But almost all of it flows through centralized providers.

What if permissionless compute, owned by the community, captured even 1% of that? That’s billions in payments.

And Spheron already proves the model with pre-TGE revenue. Tokens, demand, usage, they happen in lockstep. Meanwhile, centralized clouds still pay lip service to decentralization, but offer no real permissionless participation.

If you aim only for short-term pump gains, you’ll miss the wave. This market wins over the years. $SPON holders build network, power growth, earn yield. NGMI, anyone chasing quick flips?

Token Launch Is Just the Beginning

Some readers ask, “What happens after TGE?” That’s an easy answer: everything scales up. Post-TGE features include:

Real-time earnings dashboards: Transparency so node operators see their rewards in real time.

Unified L2 payments: Seamless, low-cost transactions via Base.

Agent economy: Skynet’s Agent Marketplace launches Q3 2025, letting autonomous agents spin up compute, transact in $SPON, and pass revenue back to token stakers.

Node-as-a-Service: Supernoderz lets enterprises access decentralized compute without hardware management.

Model & inference marketplaces: Ecosystem layers generating recurring usage, token demand, and more nodes.

In short: Post-TGE, $SPON will not just be tradable, it will flow through the system daily.

Existing DePIN compute projects focus on low-level infrastructure. Some deliver raw compute but lack vertical products, marketplaces, or community tools. Even so, many trade at billion-dollar valuations. Meanwhile, Spheron hits $10M ARR pre-TGE, supports 44K nodes, and integrates products like KlippyAI and Skynet. It operates at $75M valuation. The gap is wide.

Building the Pipeline Flywheel, Step by Step

Spheron follows this flywheel:

Add nodes: Anyone can run Fizz Nodes or stake $SPON to join.

Generate demand: AI apps, no-code agents, and enterprises lease compute.

Earn revenue: Fee-based infrastructure yields real usage.

Token utility: Every transaction burns or stakes tokens.

Governance and reinvestment: The community votes on tools, features, and pricing.

Add new layers: Marketplaces, agent frameworks, No-code platforms.

Repeat: Each layer attracts new nodes and makes compute more useful.

That flywheel resembles the original oil pipeline model, but with autonomy, decentralization, and token-native economics built in.

The Big Picture: Capture the AI Compute Boom

Market analysts expect the global AI compute market to soar into the trillions by 2030. Cloud providers dominate now—but they cannot scale infinitely. Hardware costs, regional outages, geopolitical issues, and central gatekeeping limit them.

Spheron offers a decentralized alternative:

Geographically distributed nodes reduce risk.

Permissionless onboarding unleashes retail and enterprise compute.

Token-driven economics aligns incentives.

Built-in products—KlippyAI, Skynet, Aquanode, generate demand day one.

If Spheron captures even 1-5% of that market, $SPON holders benefit massively through fee capture, deflationary mechanics, and governance upside.

Closing Story

Picture this: Ten years from now, your home GPU quietly fulfills AI agent requests for video rendering or inference. You wake up, check your earnings dashboard, and yes: you earned in $SPON. The global Skynet agent marketplace processed requests across dozens of industries—e-commerce, robotics, video, simulation, all transacting in $SPON. Governance proposals voted on new pricing models, network expansion, and developer grants.

That future isn’t far. It starts with pipelines, permissionless, borderless, and open-source.

Spheron built the pipeline infrastructure. $SPON is the token that fuels it. This is not speculation; it is execution in motion.

Just as the early oil pipelines powered industrialization, permissionless compute will power AI and Web3 for the next century. And $SPON is the pipeline driving it. Jump in now before compute goes truly global.



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AI Avatars Are Pushing Mega-Dose Magnesium—Doctors Say It’s a Health Risk – Decrypt

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AI Avatars Are Pushing Mega-Dose Magnesium—Doctors Say It’s a Health Risk – Decrypt


In brief

AI avatars and influencers are pushing high-dose magnesium with misleading health claims.
Doctors warn of real health risks, especially for vulnerable groups.
Experts urge consulting professionals, and eating healthy food rather than taking more pills.

Magnesium is having a moment. Touted as the latest cure-all by wellness influencers—and their increasingly realistic AI clones—the mineral is flooding social media feeds with promises of better sleep, less stress, and longer lives. But medical experts say the trend is full of misinformation, and potentially dangerous.

Promoted by humans and AI-generated avatars across TikTok, Instagram, and YouTube, magnesium supplements are being sold as catch-all cures for anxiety, insomnia, and weight gain. Some supplements pack up to 700mg per dose—nearly twice the recommended maximum—and that has doctors raising red flags.

“AI ‘physicians’ are giving testimonials that are direct, black and white: ‘If you have this problem, this is how it works.’ It’s convincing if you don’t realize it’s AI,” Dr. Steven Chen, associate dean for clinical affairs at the USC School of Pharmacy, told Decrypt. “What worries me about these quick snippets is that they don’t mention the risks.”

Chen said that while magnesium does have legitimate uses—such as managing bowel regularity and easing muscle tension—those benefits are being cherry-picked and exaggerated.

As AI-generated images become more advanced, experts say the line between fact and fiction is becoming harder to spot.

Most adults need no more than 400mg of magnesium per day, and that’s easily handled by foods such as peanut butter, cashews, chia seeds, chicken breast, and salmon. But viral supplements are being sold like performance enhancers—fast, easy, and algorithm-approved, with some supplements selling pills offering more than twice that level.

While magnesium itself isn’t illegal or regulated like a drug, the way it’s being sold—through algorithm-driven promotion and generative AI testimonials—has transformed it into a profit-churning health product marketed with little oversight.

Image: Magnesium ads on TikTok

Too much magnesium can be especially harmful, especially for people with heart, digestive, or kidney problems.

Common side effects of magnesium supplements include diarrhea, nausea, stomach cramps, flushing, headaches, and muscle weakness. However, in people with kidney problems–who can’t excrete excess magnesium efficiently—the mineral can build up to dangerous levels, causing low blood pressure, trouble urinating, confusion, difficulty breathing, an irregular or slow heartbeat, and even cardiac arrest.

Aiming to give their ads more legitimacy, some use AI to make medical experts appear to make positive claims about magnesium supplements, a practice that Chen called “dangerous and unethical.”

“Everyone wants simple and quick,” he said. “But when it comes to serious health needs, there’s no quick fix for good sleep, exercise, and good nutrition.”

Image: Magnesium ads on Instagram

The search for a longevity quick fix has led to a boom in the supplement industry. In 2024, the dietary supplement market was worth $189 billion. According to market research firm Precedence Research, by 2035, that number is expected to reach $402 billion.

When asked about advertisements featuring AI-generated medical testimonials and questionable health claims, the social media platforms offered limited explanations of their policies. A YouTube spokesperson pointed to its medical misinformation guidelines, which prohibit content that contradicts local health authority guidance, such as promoting harmful alternative treatments or discouraging professional medical care.

A representative for Meta also declined to comment directly on the ads, but pointed to their advertising policies, which prohibit deceptive or misleading health claims, promotion of unsafe supplements, exaggerated health-related promises, and advertisements featuring negative self-perception tactics or unauthorized uses of medical professionals’ likenesses.

TikTok did not respond to Decrypt’s request for comment.

“People love these platforms for freedom of speech and the ability to say whatever they want,” Chen said. “But we need a commitment to patient safety, making sure people don’t pursue something that’s not only unhelpful, but might cause them to ignore a serious condition. If they delay seeking help, it could be too late.”

According to Dr. Zhaoping Li, director of the UCLA Center for Human Nutrition, while magnesium is now commonly promoted for sleep and muscle support, its broader use stems from a more specific medical application.



“For women with preeclampsia, it was used to relax uterine muscles during contractions and prevent premature birth,” Li told Decrypt. “From there, people began using it more broadly for muscle relaxation. While not extensively studied, small studies suggest benefits for restless leg syndrome and for relaxing muscles before bed.”

Magnesium deficiency is common in people with poor diets or chronic alcohol use, Li explained, which is why it’s often replenished in clinical settings.

“If you came to the emergency room, they would have given you key nutrients—magnesium is one of them,” she said. “Based on that background, people now more freely recommend it for various health benefits, but the real benefit depends on what you use it for.”

Chen and Li both said that certain forms of magnesium are better absorbed and may be useful in specific cases. But products labeled as “complexes” with a dozen types are largely marketing.

“If we really were doing it for everyone’s benefit, I would recommend taking more natural food with high magnesium,” Li said. “The benefit is much, much more than taking a whole bunch of pills.”

Li argues that the real promise of AI in health lies not in marketing supplements, but in understanding food.

“If we really want to use AI, we need to study food altogether,” she said. “Not isolate one mineral and throw it into a capsule.”

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This Fake Bitcoin ATM Scheme Has Wasted 4,000 Hours of Scammers’ Time – Decrypt

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This Fake Bitcoin ATM Scheme Has Wasted 4,000 Hours of Scammers’ Time – Decrypt



In brief

A content creator has trapped scammers for approximately 4,000 hours in an infinite maze pretending to be a way to redeem Bitcoin from their victims.
Scammers find themselves attempting to solve tedious CAPTCHAs, being constantly misunderstood by automated calls, and left on hold for hours at a time.
The content creator said that it is his most efficient method of gathering intel on malicious actors, which can be used to stop them in their tracks.

A YouTube and Twitch streamer has trapped scammers for just shy of 4,000 hours in an impossible maze masquerading as a way to redeem Bitcoin from their victims.

While designed as a method of wasting their time, the pseudonymous Kitboga told Decrypt, it is also his most effective tool for obtaining information that can be used to punish malicious actors.

Kitboga’s team of 12 actively searches out scammers so they can pretend to be a vulnerable person on a phone call. This is done so they can waste the scammer’s time, create funny content, and collect details to stop the scheme.

Often, the calls would lead to the attacker demanding money to be sent via a Bitcoin ATM—so Kitboga created a fake Bitcoin ATM receipt that could never be redeemed.

“[Bitcoin ATMs are] a way that you could put cash in a machine and then it gets converted to crypto. So the scammers see that as a way to instantly take your money,” Kitboga told Decrypt. “They’re expecting a receipt. So we went to a Bitcoin ATM, got the receipt, and Photoshopped it, and the QR code links to our fake exchange. The 1-800 number on the receipt is my 1-800 number. That’s sort of the entrance to this maze.”

Over more than a year, the fake Bitcoin ATM scheme has trapped approximately 500 scammers for a total of 164 days and 17 hours—or 3,953 hours. The average time a scammer spends in the infinite maze is just short of three hours, with the longest one person spent trying to redeem the non-existent Bitcoin being 156 hours, or six and a half days.



What happens inside the maze?

The site has a series of infuriating tasks that are tedious to complete, such as a CAPTCHA that asks for an estimate on how many nuts are in a bucket or how tall a wave is. Kitboga is currently hosting a challenge for fans to code CAPTCHAs that waste time, one of which asks the user to play the song “Sandstorm” by Darude on a keyboard.

Eventually, the scammer will be asked to input their Bitcoin wallet address, which doesn’t process correctly, and they are told to call the 1-800 hotline.

This is where the fun starts, Kitboga said. The scammer is forced to navigate through a confusing automated menu before entering the last four digits of their Bitcoin wallet—which the automated operator will always mishear. After failing a few times, the scammer will be told they’re being transferred to a human to help.

“We’ll just leave them on hold for like two hours, and no one ever comes to help them. Or we’ll have recorded messages of a fax machine going off or someone answering with the call center in the background, but nobody can hear them,” Kitboga told Decrypt. “Imagine waiting on hold for two hours and then the person can’t hear you.”

To make matters worse, while being on hold, the scammer must repeat ridiculous phrases every couple of minutes to prove that they’re still there. These phrases include “super smelly ghost,” “purple porcupine,” and “resourceful rattlesnake.” 

The hotline is intentionally taxing and demands attention, so Kitboga’s team knows the attacker can’t be scamming someone else while on hold. For that reason, the 3,953-hour total is somewhat conservative, as the team only records time wasted attentively on hold or attempting to solve a task on the site.

This is just a basic overview of the fake Bitcoin ATM scheme. Kitboga described it as an infinite maze with doors that his team can toggle on or off, depending on what they want to do with an attacker. Sometimes they’ll just want to waste a scammer’s time or create content, while others will be looking for very specific pieces of information and want to take things more seriously.

Kitboga told Decrypt that the infinite maze ranks as his second-most effective time-wasting tool, behind only AI bots that automatically call scammers, but it is the most effective tool for gathering intel. For example, during the Decrypt interview, Kitboga said a scammer was required to give access to their camera so the team could identify them.

“It’s the most effective tool I have in collecting actionable, real information. They’re not going to give me their GPS location over the phone,” he explained. “When these scammers think they’re this close to getting $30,000 or whatever—from a reputable crypto exchange—sometimes they’ll give me their big wallet that they funnel all of the crypto through. That’s a big mistake on their part, because now I can pass it off to law enforcement.”

The streamer claims to have helped freeze the funds of attackers, because they’re storing crypto on reputable exchanges. Kraken is partnered with Kitboga to share intelligence, and the exchange helps fund the scambaiter’s operations. 

Now, he’s expanding his options to waste the time of scammers. Kitboga’s team is currently developing similar infinite mazes for scammers asking for gift cards or for cash to be mailed to them.

Why do this?

Kitboga said he started trolling scammers more than eight years ago, after seeing a video of a Microsoft scammer getting angry at a pre-recorded old man who couldn’t hear properly—known as “Hello, This Is Lenny.”

It was the first time he’d heard of tech support scammers. He immediately thought of his grandparents, who had dementia and Alzheimer’s, and he believed they’d have fallen for it—especially considering they’d been scammed in the past.

“I know they would fall for the tech support scam, and I might be able to do something about it,” Kitboga told Decrypt. “If I spent 15 minutes on the phone with a scammer, that was 15 minutes they weren’t talking to someone’s grandma. That was my call to arms.”

At first, he simply called scammers and wasted their time on weekends as a “passion project.” When his friends wanted to watch, he began streaming the interactions so they could all laugh together. One day, a clip was shared on Reddit, and he started gaining an audience. This eventually led to him quitting his job as a software engineer to become a full-time scambaiter.

“I distinctly remember telling one of my friends that I worked with at the software job that it would only be a year,” Kitboga said of the pivot. “You know, it’s like a one-year thing. Kind of you gotta shoot your shot. People think this is cool. Maybe I’ll be able to educate, you know, a few thousand people about scams.”

Eight years later, he has 1.2 million Twitch followers, 3.74 million subscribers, and almost a billion views on YouTube. That’s a bit more than a few thousand people.

“It’s been a really fun journey,” he finished.

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This single point of failure can kill web3’s dream of an open, decentralized internet

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This single point of failure can kill web3’s dream of an open, decentralized internet


The following article is a guest post and opinion of Chris “Jinx” Jenkins, Head of Operations at Pocket Network.

Internet pioneer Tim Berners-Lee once dreamed of an open and accessible digital information system. His vision for the web — a virtual space where everyone had equitable opportunities to contribute, collaborate, share, and learn together — has shifted.

But the internet has moved in the opposite direction from this open garden. From single points of failure to censorship by sectors both public and private, it is now in the middle of a fight between messaging-obsessed political bodies and profit-hungry corporations, each seeking to control or monetize information flows.

Web3, powered by decentralized apps (DApps), promises to rekindle Berners-Lee’s dream of a permissionless space for free, open communication and innovation. Yet ironically, DApps today also rely heavily on centralized infrastructure or data sources. These single points of failure compromise the entire ecosystem’s security and integrity — as seen in many of the complaints around Solana.

Systems are only as secure as their weakest points. And to fulfill Web3’s ethos, DApps must adopt and implement genuinely open, decentralized, and verifiable infrastructure.

DApps Suffer from Concentrated Vulnerabilities

Most developers build the front end of DApps on a decentralized interface, but depend on centralized data infrastructure for backend support.

DApps largely run on centralized data hosting platforms and cloud providers like Amazon Web Services, Google Cloud, and Microsoft Azure. Although easily accessible, these platforms are susceptible to single-point failures and censorship, leading to global outages and downtime.

History is a witness to these failures. There are multiple examples where Infrastructure-as-a-Service platforms have faced disruptions, interrupting seamless DApp usage.

For instance, although MetaMask functions as a decentralized wallet, its endpoints run on centralized tech like Infura to access Ethereum. In 2022, when Infura blocked access after U.S. sanctions, MetaMask users temporarily couldn’t access their wallets from specific regions.

This is not an isolated incident. Infura clients have also faced interruptions in the past. Similarly, Solana and Polygon users faced outages due to the overloading of centralized RPCs during high network traffic.

DApps using centralized infrastructure to supply data are thus susceptible to downtime, information inaccuracies, usage gaps, and disconnected data flows. These incidents demonstrate the need to shift to decentralized infrastructure for data transferability and smooth accessibility without facing outages.

The Need for a Decentralized DApp Ecosystem

DApps without a decentralized stack are an oxymoron.

Instead of AWS, Google, or Azure, DApps must use open-source solutions like InterPlanetary File System (IPFS), Filecoin, or Arweave. These protocols provide a tamper-proof, distributed storage facility with high uptime and protection against random outages.

DApps running on decentralized infrastructure work with independent node operators. This helps distribute data queries across the network, eliminating single points of failure for unstoppable data availability.

Since individual nodes cannot block information flows, DApps run smoothly even when several nodes are offline. So the network always remains accessible without any downtime.

Decentralized infrastructure further removes the dependency on intermediaries who arbitrarily control data flows. Instead, DApps can connect with data, service providers, and users within an integrated, enmeshed open-source system.

Pocket Network unlocks open data accessibility so that any DApp can get the information it needs, without relying on centralized or singular entities. Pocket’s Shannon upgrade created the first truly permissionless Open API Network.

Decentralized social networks like BlueSky and the AT Protocol don’t depend on centralized RPCs. Rather, they work with decentralized RPCs to access open data. Similarly, DeFi protocols using Chainlink don’t need to depend on centralized APIs to source real-time on-chain price data.

A robust, genuinely decentralized tech stack is critical for DApps to build a digital ecosystem without single points of failure, paving the way to return to Berners-Lee’s vision of a globally accessible network.

Towards Berners-Lee’s Vision of an Open Internet

Tim didn’t envision a society where a few megacorporations build walled gardens with asymmetrical relationships between users and companies. He wanted open communication in the digital world without any powerful intermediaries controlling information exchange.

This vision is aligned with Satoshi Nakamoto’s idea of a decentralized, peer-to-peer exchange system. And although crypto now leans toward a casino-style gambling circus, that was not how Nakamoto and the cypherpunk community imagined it to be.

That said, Web3 innovators are actively building the infrastructure necessary to bring Tim and Satoshi’s vision to fruition. Because an open digital world with equitable accessibility is a must-have, not a nice-to-have.

Decentralized infrastructure protocols for open-source data are rapidly emerging as the new frontier for seamless data accessibility to train AI models and support cross-chain DApp usage. With a $350 billion open data market, it’s critical to wrest control away from centralized providers and distribute it among decentralized operators.

To thrive, crypto, AI, and other emerging tech must reject Web2’s business model and embrace the internet’s OG vision, now enshrined in the Web3 paradigm. Moving toward a decentralized infrastructure that doesn’t suffer from single points of failure is crucial to building a resilient and reliable internet.

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