24/7 Blockchain industry dynamics and breaking crypto news
Goldman Sachs estimates U.S. pension funds may sell around $33 billion in stocks for quarterly rebalancing by late September, a historically large flow. Concurrently, systematic CTA funds could act as a critical hedge or amplifier, with their trading direction heavily dependent on near-term market moves.
Read MoreA previously dormant whale address has accumulated 9.52 million ETHFI tokens worth approximately $7 million within 24 hours, marking its first major move in two years. The position is already showing an unrealized profit of around $217,000, drawing significant market attention to the asset's potential trajectory.
Read MoreU.S. AI infrastructure firm Baseten now enables enterprise users to access the Chinese open-source model Kimi K3 directly through OpenAI's Codex tool, with usage billed to existing OpenAI commitments. This marks the first time a Chinese large model has entered OpenAI's core enterprise billing system, creating a new commercial pathway for Chinese AI technology.
Read MoreMeta is reportedly claiming billions in R&D tax credits by classifying its AI data centers as "experimental research," drawing internal legal warnings and external scrutiny. Tax experts call the move unconventional, and the IRS may challenge the claims.
Read MoreAn anonymous trader opened a $1.05 million leveraged long position on ASTER-2 at Aster DEX with 5x leverage, currently showing over $137,000 in unrealized profit with a 65.36% return. The transaction highlights growing DeFi derivatives activity.
Read MoreThe US September core PCE inflation data is released today, expected to rise 0.3% monthly. This key figure will directly influence the Fed's October rate decision, impacting stocks, bonds, and crypto markets. Stronger data could boost rate hike bets and pressure risk assets.
Read MoreSocial media alleges a crypto exchange mistakenly paid dividends intended for BEN stock to its low-priced perpetual contracts. Due to the funding fee mechanism, this reportedly caused massive "thousand-fold" liquidations for short positions while benefiting longs. Official confirmation is pending.
Read MoreOKX's 47th Proof of Reserves report reveals user Bitcoin holdings increased 4.07% to nearly 140,000 BTC. Total key assets are approximately $27.4B, with all 22 covered tokens maintaining reserve ratios above 100%, including BTC at 109%. The report utilizes upgraded zk-STARK v2 technology for user verification.
Read MoreThe Bank of England warns that AI sector valuations face a potential sharp correction, which could ripple through global growth and sovereign bonds. Its report highlights rising vulnerabilities and multiple concurrent risks, including escalating Middle East conflicts.
Read MoreDaily Bitcoin price swings can be misleading. For long-term insight, tracking Bitcoin ETF fund flows is more revealing, as it shows real institutional demand. The article advises analyzing sustained flow trends alongside volume and macro factors.
Read MoreDeFi protocol Abracadabra proposes winding down its stablecoin MIM, offering to settle outstanding debts at its current market price of around $0.04 per token, just 4% of its $1 peg. MIM has lost over 95% of its value, with previous stabilization attempts failing, potentially leading to significant losses for holders and pressure on its ecosystem token SPELL.
Read MoreSEC Chairman Paul Atkins announced the agency will establish clear rules for on-chain fundraising using its existing authority, even if Congress fails to pass the CLARITY Act. This signals a proactive regulatory shift, promising much-needed guidance for the crypto industry.
Read MoreIllinois tax authorities have released draft rules for the 0.2% digital asset transaction tax. The draft clarifies that stablecoins are taxable and details tax treatment for DeFi transactions, cross-chain bridging, and transfers to self-custody wallets. The law is slated to take effect in 2027.
Read MoreEight months after its high-profile Super Bowl ad, Crypto.com's personal AI platform ai.com remains unreleased, stuck in 'stealth development.' While competitors have launched their own AI trading tools, the heavily promoted service is still missing, raising questions about its development.
Read MoreRipple partners with Brazilian CSD CSD BR to record fund share holdings on XRP Ledger under regulatory oversight. The pilot with BTG Pactual funds uses XRPL as an audit layer, enabling real-time reconciliation with official records while maintaining existing legal frameworks.
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