24/7 Blockchain industry dynamics and breaking crypto news
Responding to Ukraine's former defense minister, Musk stated Starshield is owned and controlled by the US government, with usage restrictions set by the US military and final authority resting with President Trump. He emphasized Starlink remains a commercial service for civil or defensive use only.
Read MorePrestige Economics president Jason Schenker suggests the Fed could consider a 50bps rate hike in December, following a post-September policy pause. Upcoming employment and CPI reports will guide the decision, with aggressive moves potentially leading to an early-2024 pause.
Read MoreOvernight updates on Oct 15 highlight key crypto and macro developments. Polygon Labs completed its acquisition of Coinme, bolstering fiat on-ramps. Multiple Fed officials offered cautious views on inflation and rate hikes. Ledger clarified no device tampering in Germany, ensuring European user funds safety. White House crypto council personnel changes and Iran's US strategy remarks also noted.
Read MoreThe US has proposed unfreezing some frozen Russian sovereign assets to Europe as a lever for restarting Ukraine peace talks, according to FT. The plan, discussed in Miami, was rejected by European officials, causing shock and raising questions about Washington's strategic shift.
Read MoreNvidia CEO Jensen Huang stated the company would stop supplying chips to clients developing unsafe AI software. He emphasized current risks are manageable and communication would precede any action. This highlights chipmakers' growing role in AI ethics.
Read MoreEthena founder Guy Young addressed community concerns over a major investor's token transfer, clarifying it was a security precaution related to hardware wallet risks, not a sale. The move aims to ensure asset safety and maintain market confidence.
Read MoreThe Federal Reserve's latest Beige Book indicates that rising energy costs are broadly impacting the US economy. Nearly half of Fed districts report intensifying price pressures, with businesses citing high diesel prices and surging fuel surcharges that are pushing costs through supply chains.
Read MoreMorgan Stanley CEO Ted Pick forecasts AI infrastructure investment will hit $1 trillion annually for 5-10 years, driving global growth despite expected bottlenecks. Banks must regulate capital flow pace, with JPMorgan also monitoring AI exposure risks closely.
Read MoreAt a rally, Trump demanded execution for those leaking war info, calling them "traitors." He revealed a planned Iran strike was delayed due to leaks. The conflict he predicted would last weeks has now dragged into its eighth month with no end in sight.
Read MoreAnthropic reached $16.8 billion in Q3 revenue with adjusted profitability and positive cash flow, according to the FT. This strong performance provides crucial momentum for its anticipated IPO amid market scrutiny of the AI sector.
Read MoreUkrainian officials urgently contacted the White House, CIA, and Pentagon over potential Starlink service disruption. The U.S. stated it cannot control SpaceX’s decisions but would assist in clarifying the situation, highlighting the complex role of private companies in modern conflicts.
Read MoreOn October 15, asset manager VanEck voluntarily withdrew its filing for an Ethereum staking ETF tied to Lido. The fund would have held stETH tokens, offering liquid staking exposure, but its registration never became effective. The move highlights ongoing regulatory hurdles for institutional crypto derivatives.
Read MoreSan Francisco Fed President Daly indicated that further interest rate hikes may be needed to curb inflation, but emphasized there is no urgency to act immediately. She stressed the Fed will continue assessing economic data after its October meeting, highlighting a cautious and flexible approach.
Read MoreEight US states have sued OpenAI, alleging it misled users about ChatGPT's safety and failed to implement safeguards, potentially contributing to self-harm and violence among teens. The states seek court orders for operational changes, enhanced child protection, and financial compensation.
Read MoreDespite hotter-than-expected September CPI data pushing Treasury yields higher, markets quickly reversed course. The retreat reflects a tug-of-war between stubborn inflation and increasingly cautious Fed commentary, leaving the near-term rate path highly uncertain.
Read More