The US Trade Representative just put China on notice. Jamieson Greer said President Trump will be presented with a menu of options to address Chinese industrial overcapacity, contingent on whether ongoing investigations confirm that excess production is spilling into export markets and distorting global trade. The overcapacity problem, explained State-backed investment has fueled massive production…
USDC users are again asking whether Circle should offer a clearer recovery process for mistaken token transfers. Summary USDC users are questioning Circle’s recovery options after claims of mistaken transfers to inaccessible contracts. Tether’s official recovery page says some mistaken USDT deposits may be reviewed case by case. Tether freezes far more stablecoin value than…
Japan’s biggest online brokerages are about to make crypto investing feel as routine as buying a mutual fund. SBI Securities and Rakuten Securities are each developing in-house cryptocurrency investment trusts, according to Nikkei Asia, giving Japanese retail investors a way to gain exposure to Bitcoin and Ethereum without ever touching a wallet. The move is…
PI has fallen out of the top 50 alts by market cap after the latest price drop. After losing over $4,000 since the Thursday evening peak at $82,000, bitcoin has finally calmed at around $78,000 following yesterday’s multi-week low. Most larger-cap alts are quite sluggish on a daily scale, aside from the two largest…
VanEck and Grayscale filed new amendments for their proposed spot BNB exchange-traded funds, adding fresh attention to the race for the next U.S. altcoin ETF. Summary VanEck and Grayscale filed new BNB ETF amendments as altcoin ETF competition moves faster. Both BNB ETF proposals plan direct token exposure but keep staking out at launch. Canary’s…
Yann LeCun, Meta’s chief AI scientist and one of the godfathers of deep learning, is making a nuanced argument that cuts against both AI hype and AI doomerism simultaneously. Large language models are commercially useful, he says. They’ll justify the billions being poured into GPU clusters and data centers. But the bubble isn’t in the…
The major streak that began at the beginning of the month for the spot XRP ETFs continued in the past week, as investors poured in over $60 million in net inflows for the first time in several months. At the same time, the underlying asset tried to break out again, only to be stopped at…
The Trump ethics fight over crypto is now the biggest obstacle to the CLARITY Act reaching 60 Senate votes. Summary The CLARITY Act needs 60 Senate votes to overcome a filibuster, requiring at least seven Democrats to cross the aisle. An ethics provision barring government officials from crypto dealings is missing from the current text…
DayOne Data Centers is plotting a dual listing in the US and Singapore that could value the company at up to $20 billion. That would represent a roughly 2x jump from its pre-IPO valuation of about $10 billion, set during a Series C round that closed at more than $2 billion. From GDS International to…
The last time ETH traded so low against the market leader was in the middle of last year. It’s safe to say that the world’s largest altcoin has underperformed in recent weeks as each attempt for a breakout was stopped at $2,400, and the subsequent rejection has pushed it further south. What’s particularly worrying…
