24/7 Blockchain industry dynamics and breaking crypto news
Vivek Ramaswamy's crypto advocacy is notably subdued in his Ohio governor campaign, contrasting his strong pro-Bitcoin stance in the 2024 presidential race. Local voter skepticism and data center controversies are cited as reasons for this strategic shift, despite his significant personal crypto holdings and campaign's acceptance of digital asset donations.
Read MoreCrypto-backed PAC Fairshake, funded by Coinbase and Ripple, will support 32 House candidates in 2026 who voted for the CLARITY Act. With $122M in reserves, it plans $100M+ in campaign ads, starting with $6M for six bipartisan incumbents, aiming to build Congress's largest pro-crypto bloc.
Read MoreDeFi Development's preliminary Q3 report shows net asset value per share more than doubled since August, with SOL holdings reaching approximately 2.56 million tokens. The company established a $300 million funding program to continue accumulating SOL, as confirmed by its CEO. The report highlights accelerated crypto asset deployment despite broader market pressures.
Read MoreThe CFTC has granted temporary relief, permitting designated contract markets to convert certain existing contracts into true perpetual futures without expiration dates. Exchanges must obtain consent from open position holders and provide risk disclosures before conversion. The relief is valid until October 20.
Read MoreOctober 6th saw key crypto developments. Russia's central bank opened registration for crypto exchanges and custodians. The U.S. Treasury withdrew a proposed monitoring rule for non-custodial wallets and certain transactions. S&P Global launched DeFi lending vault ratings, while HIVE repurposed mining sites for AI, securing a major contract.
Read MoreElon Musk's net worth has surged back above $1 trillion, driven by a powerful rebound in SpaceX and Tesla shares. This dramatic recovery highlights renewed market optimism about the growth potential of space exploration and AI technologies.
Read MoreOn-chain data reveals GMGN transferred 11,999.5 ETH to Coinbase's batch staking address 6 hours ago. This follows a recent deposit of $16.38M worth of ETH to an exchange, suggesting a potential shift in asset strategy.
Read MoreOpenAI is reportedly initiating a new funding round targeting up to $30 billion, with a pre-money valuation potentially reaching $1.4 trillion. A consortium of UAE investment funds may lead with up to $10 billion, while BlackRock is also in talks. The company has delayed its IPO until next year.
Read MoreWall Street banks including Bank of America, Citi, and Morgan Stanley have structured a record $60 billion financing deal to support Anthropic's AI chip leasing from Google, with Broadcom providing about $42 billion. The debt is now being syndicated to other financial institutions.
Read MoreA major Bitcoin miner is pivoting to AI infrastructure, converting mining facilities into GPU cloud services. It has secured $570 million in long-term contracts and plans a multi-billion dollar AI supercomputing facility, signaling a strategic shift from crypto to high-performance computing.
Read MoreShort seller Fugazi Research issued a report labeling SDEV stock 'uninvestable' above zero. The report claims the stablecoin developer lacks actual operations, functioning instead as a major holder of SKY tokens. It also warns of massive potential share dilution and flagged volume concerns.
Read MoreCardano founder Charles Hoskinson warns that the EU's digital euro could become a tool for financial surveillance and payment restrictions, leading to transaction discrimination based on spending behavior. He urges legislation to ban such programmable controls. The current draft excludes programmable spending rules, but key details remain under negotiation.
Read MoreXRP has surged to become the most-traded cryptocurrency in South Korea, overtaking Bitcoin and Ethereum. This shift is fueled by the country's ban on leveraged trading, significant interest from major banks in XRP Ledger for tokenization, and a booming AI-driven transaction ecosystem on the network.
Read MoreEuro stablecoins account for only 7.46% of euro-denominated trading volume on centralized exchanges, with fiat pairs dominating. Despite rapid growth, their market cap remains under $750M. Europe's MiCA framework is expected to enhance market liquidity.
Read MoreCertiK's report reveals AI agents are evolving from analytical tools to autonomous executors in cybersecurity, handling tasks like risk scoring. It warns of risks like erroneous outputs and weakened oversight, recommending clear accountability and decision boundaries.
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