ETF demand remains strong, but inflation data could determine where Bitcoin goes next. Bitcoin dipped below $80,000 as strong US jobs data raises the chances of another interest rate hike. Markets now put the odds of a Federal Reserve rate hike on September 16 at about 60%. According to the recent Bitfinex Alpha report,…
UN High Commissioner for Human Rights Volker Türk warned Monday that advanced AI could become an “existential risk to humanity” without binding rules, independent oversight and firm limits. Speaking to the UN Human Rights Council in Geneva, Türk said the technology should not be governed solely by the companies building it. He said he plans…
Circle has added upfront fee payments to CCTP Fast Transfer, allowing developers to quote and collect cross-chain USDC fees on the source network while preserving the amount delivered to recipients. Summary CCTP developers can collect Fast Transfer and Forwarding Service fees before a USDC transfer. Fees can be paid in USDC or the source blockchain’s…
Last week, the White House unveiled a new government website called Arcade.gov, which hosted five web-based games that promoted President Trump’s agenda. Following accusations of racism and veiled threats of potential legal action, only four of those games are now visible on Arcade.gov. “Build the Wall,” a Tetris clone that promoted an anti-immigrant ideology and…
Key Takeaways MENA crypto volume rose from $100B in 2022 to about $350B by 2025-2026, led by Turkey and the UAE. Bitcoin and stablecoins are gaining ground as hedges against war, inflation, and currency weakness. Gulf regulation and crisis-driven demand could further split MENA into two distinct crypto markets. Turkey Leads MENA Crypto With $200B…
What it used to take up to two business days was settled for minutes during the weekend. DBS and Citi settled a US dollar cross-border payment between Singapore and New York on September 5 using tokenized deposits on SWIFT’s shared ledger, clearing the transfer in minutes over a weekend when a conventional payment can…
Achievements that first make people laugh and then make them think. That’s the motto of the Ig Nobel Prizes, an annual competition that—parodying the Nobel Prizes—recognizes some of the world’s most unusual scientific studies. The organization Improbable Research has been hosting the event since 1991 with the aim of showing that science also has a…
Kalshi has lost an emergency injunction request at the 10th Circuit, leaving Utah free to enforce its gambling laws while the prediction market operator pursues its appeal. Summary The 10th Circuit denied Kalshi’s request for an injunction pending appeal. Utah may now bring civil or criminal enforcement action against the prediction market operator. States have…
The queue to send objects into orbit is growing, but space infrastructure isn’t keeping up with demand. As the realization sinks in that Elon Musk’s SpaceX can’t be the sole answer, other companies are raising their hand — and money. These include The Exploration Company (TEC), which operates out of Germany, France, Luxembourg, Spain and…
Key Takeaways Bitmine’s latest purchase takes its total holdings to 5.93M ETH, worth $14.8B. With 85% staked, Bitmine could earn about $330M yearly while tightening ETH’s liquid supply. Investors will watch whether institutional demand amplifies Bitmine’s concentrated ethereum bet. Bitmine Builds One of Public Markets’ Biggest Ethereum Positions Bitmine is still buying ethereum, and its…
