Ironically, some critics of the bill have pointed to recent Wall Street Journal reports about Hong Kong exchange CoinEx as evidence of the risk. CoinEx is actually a story of how to use a public ledger to track, trace and disrupt nation-state activity. Investigators traced about $3.84 billion in transactions linked to Iran, linking wallets […]
The Clarity Act is not actually a ticket to sanction evasion Read More »
The lack of Wikipedia coverage is a more pressing concern in an era where more users are getting their information from AI tools like ChatGPT. The report cites data from AI tracking site Profound, which shows that 7.8% of links to sources on ChatGPT go to Wikipedia, compared to 1.8% and 1.1% for Reddit and
Why multi-billion dollar crypto network is missing from Wikipedia Read More »
Tokenized products already exist, but primarily for investment. The most popular category is tokenized money market funds, primarily backed by US Treasuries. The largest, BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL), debuted in March 2024. This category now has more than $15 billion of assets under management (AUM), with the broader onchain real-world asset market
Hyperliquid is one of crypto’s fastest growing trading venues and the leading decentralized perpetual futures exchange. The platform handled more than $150 billion in trading volume in July alone, while its volume relative to Binance rose to 11.5%, underscoring its growing share of the derivatives market. USDC balances on Hyperliquid have grown to around $6
JPMorgan sees Hyperliquid partnership weigh Circle, Coinbase Read More »
A team of former Ethereum Foundation researchers focused on institutional privacy has launched EthSystems, a new for-profit company that aims to build privacy infrastructure for financial institutions using Ethereum. The startup emerged from the Ethereum Foundation, which spent the past year developing privacy technologies for enterprise use while working with central banks, regulators, global banks
MyEtherWallet (MEW) starts "Hot Stock Summer" with new trade and hold tokenized share activation
The European Central Bank (ECB) selected 36 banks and payment firms to participate in a digital euro pilot project starting in the second half of next year as it prepares the central bank digital currency (CBDC) for potential issuance in 2029. The group, selected from 50 applicants, includes Adyen, Deutsche Bank, Revolut, SumUp, UniCredit and
ECB selects 36 companies, including Deutsche Bank and Revolut, for CBDC pilot Read More »
As AI Platforms Move Away From Unlimited, Sogni AI Launches $20 Fair-Use Unlimited Plan on Community GPUs
Companies including Hut 8, Core Scientific (CORZ), Hive Digital (HIVE), and Bit Digital (BTBT) have reallocated parts of their power and infrastructure assets to serve AI workloads, betting that long-term contracts with hyperscale customers will generate more stable, higher-margin earnings than cryptocurrency mining alone. Hut 8 has signed two 15-year, triple-net, take-or-pay leases covering 597
Benchmark nearly doubles Hut 8 price target to $165 on Beacon Point AI data center deal Read More »
US inflation in June came in much softer than expected, likely putting rapidly rising expectations of impending rate hikes by the Federal Reserve on hold. The consumer price index (CPI) fell 0.4% in June, compared with economists’ forecasts for a 0.1% drop and May’s strong 0.5% rise. On an annual basis, the CPI rose by
June US CPI fell 0.4%, likely a chill towards Fed rate hikes Read More »
