California lawmaker behind SB 1047 reignites push for mandated AI safety reports

California State Senator Scott Wiener on Wednesday introduced new amendments to his latest bill, SB 53, that would require the world’s largest AI companies to publish safety and security protocols and issue reports when safety incidents occur. If signed into law, California would be the first state to impose meaningful transparency requirements onto leading AI…

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SEC pushes back decision on in-kind creations and redemptions for BlackRock Ethereum ETF

Key Takeaways The SEC has delayed its verdict on in-kind creations and redemptions for BlackRock’s proposed spot Ethereum ETF. BlackRock’s ETF would enable share creation and redemption using Ethereum tokens directly, pending regulatory approval. Share this article The SEC has extended its timeline to rule on Nasdaq’s proposal to enable BlackRock’s spot Ethereum, the iShares…

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Bitcoin Blasts Past $112K—Short Sellers Obliterated in $223M Bloodbath

Bitcoin shattered its previous all-time high on Wednesday, soaring to an unprecedented $112,040 per coin. The cryptocurrency appreciated 3% against the U.S. dollar on July 9, registering a new record on Bitstamp at $112,040. Bitcoin’s market capitalization now rests at $2.221 trillion, accompanied by $28.18 billion in volume exchanged throughout the day. This upward movement…

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Bitwise CIO Reveals 4,000x Prediction, Says Ethereum, XRP, Solana and Others Will Be Impacted From One Booming Trend

Matt Hougan, the chief investment officer (CIO) of crypto asset management firm Bitwise, is predicting an explosion in the tokenization of traditional assets. In a new blog post, Hougan says that the transition of stocks, bonds and other real-world assets (RWAs) onto blockchains instead of traditional systems may happen much quicker than he previously thought….

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Crypto Hackers Drain $42,000,000 From Decentralized Perps Exchange GMX, Sends Funds to Unknown Wallet: Report

Blockchain security firm PeckShield says that bad actors stole tens of millions of dollars from the decentralized perpetuals exchange GMX (GMX). Posting on the social media platform X, PeckShield says that a hacker has exploited the crypto exchange to the tune of $42 million, sending $9 million of the stolen funds to the Ethereum (ETH)…

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