24/7 Blockchain industry dynamics and breaking crypto news
The White House is reportedly revising AI guidelines to potentially include open-source models in a pre-release safety testing framework. Currently focused on major closed-source systems, the policy could soon expand, requiring government testing for powerful open-source AI before public deployment.
Read MoreOvernight news centered on tech and macro policy. Google is restructuring to focus on Gemini AI, while Hyperliquid eyes US expansion. Fed pressure eases but hawkish views remain. Bank of America plans $250B for digital and infrastructure projects. SEC approved on-chain fund cash management.
Read MorePresident Trump announced that White House Press Secretary Caroline Leavitt will leave her position at the end of the month to become a senior external advisor. Trump stated the move allows her more family time, marking another shift in his team's structure.
Read MoreJPMorgan's chief strategist argues that inflation is moderating due to falling tariffs, declining oil prices, and lagging wage growth. With the wage-price spiral risk fading, he urges the Fed to hold rates steady, warning that even small hikes could destabilize highly leveraged financial markets.
Read MoreCerebras reported Q2 revenue of $210M, doubling year-over-year. Cloud revenue surged nearly 400%, but hardware sales fell 23%, with net losses widening to $450.5M. Despite raising full-year guidance, stock dropped 17% post-earnings as investors questioned its shifting business model.
Read MoreAn Iranian Revolutionary Guards commander has called on the U.S. Congress to investigate the notable increase in assets of former President Trump and his associates during wartime. He alleges that U.S. military leaders adjusted war pacing for personal gain, linking domestic financial interests to conflict dynamics.
Read MoreTrump's Truth API data service faces resistance from trading firms who refuse to pay for access. The controversy highlights a regulatory blind spot, as existing rules don't clearly address a sitting president selling faster access to potentially market-moving information, raising legal and fairness concerns.
Read MoreApple is reportedly negotiating multi-year content deals with news publishers to license their articles for AI training and responses. The tech giant is said to be willing to pay hundreds of millions to enhance Siri's capabilities with real-time news, with a new feature expected later this year.
Read MoreKraken now offers S&P 500 perpetual contracts within its proprietary trading program, featuring up to 5x leverage and $1M exposure. The product runs 24/7 with no expiry, priced via an oracle. Traders can access funded accounts through evaluation plans.
Read MoreA hacker converted approximately $25.6M in assets, including WBTC and cbBTC, into DAI and ETH. The same address stole $24.23M last September, returning about 90%, raising fresh security concerns.
Read MoreThe SEC has issued a no-action letter allowing a Franklin Templeton registered fund to use the blockchain-based money market fund FOBXX for cash management, including as collateral for securities lending. This exempts certain traditional rules, enabling intraday trading, hourly NAV calculation, and faster settlement, marking a key regulatory step for on-chain fund operations.
Read MoreIran has denied US claims that the Strait of Hormuz has reopened, stating the vital waterway remains closed. Iranian authorities insist it will not reopen unless the US accepts their conditions, highlighting the ongoing standoff over this crucial global energy chokepoint.
Read MoreOn-chain data reveals asset management giant BlackRock rapidly acquired over 1000 BTC and 300 ETH via Coinbase Prime, totaling ~$65.2 million. This move signals deepening institutional crypto adoption and could significantly impact market sentiment and capital flow.
Read MoreMitsubishi UFJ Financial Group plans to use blockchain technology for instant settlement of some Japanese Government Bond transactions. By leveraging tokenized money market funds and stablecoins, the initiative aims to streamline the traditionally slow repo trading settlement process.
Read MoreThe US Dollar Index climbed 0.19% on August 12, closing above the key 100 level at 100.014. This breakout signals potential shifts in monetary policy expectations and global capital flows, drawing close market scrutiny.
Read More