Andreessen Horowitz (a16z) is urging U.S. lawmakers to revisit and revise a draft crypto regulation bill, warning that the current proposal could open legal loopholes and weaken investor protections. Key Takeaways: a16z warns the draft crypto bill creates legal loopholes around ancillary assets. The firm says redefining securities could weaken protections and contradict the Howey…
Jamie Dimon just went from branding Bitcoin a “fraud” to calling himself a “believer” in stablecoins. This, in another institutional change of heart that could see leading crypto wallets’ native $BEST token explode in the near future. Dimon’s shift isn’t small talk. For years, the JPMorgan CEO dismissed crypto as a passing fad, comparing it…
AI research organisation OpenAI announced the establishment of Stargate Norway, its first AI data center initiative in Europe, launched under the OpenAI for Countries program. Stargate serves as OpenAI’s primary infrastructure platform, supporting its broader goal of making AI widely beneficial. The initiative emphasizes the role of AI as a transformative technology capable of enhancing…
Eric Conner, a prominent Ethereum figure who helped design the network’s landmark fee-market overhaul EIP-1559 and recently left the ecosystem to work in artificial intelligence, said late Thursday that the US Securities and Exchange Commission’s new policy direction amounts to a dramatic tailwind for Ether. “The SEC just lit a rocket under Ethereum,” Conner wrote…
Bitcoin (BTC) is coiled tighter than a spring, according to AI analysis of a critical technical indicator. Grok’s review of historical Bollinger Band squeezes suggests the current extreme compression could precede a parabolic surge, potentially echoing past gains exceeding 4,600%. The Squeeze Before the Storm The buzz started when author and podcast host Scott Melker…
XRP has been on an impressive rally, forming a new all-time high (ATH) in July. While the price slightly declined from that peak, XRP remains within striking distance of its ATH of $3.66. Historically, XRP has struggled in August, but this time may be different, with positive market signals on the horizon. XRP Investors Have…
HTX, a leading global crypto exchange, reported robust performance from newly listed assets during the week of July 21 to July 28. Amid ongoing regulatory discussions and evolving technological narratives across the global crypto landscape, HTX’s new listings saw notable growth, driven primarily by the Solana meme coin and Ethereum DeFi ecosystems. Several assets posted…
Coinbase is accusing the Federal Deposit Insurance Corporation (FDIC) of stonewalling court orders and obstructing efforts to expose documents tied to the alleged “Operation Chokepoint 2.0,” according to new filings in federal court. Key Takeaways: Coinbase claims the FDIC is obstructing court-ordered disclosures tied to crypto regulation. At issue are alleged “pause letters” pressuring banks…
XRP may be entering its most explosive phase in years, according to crypto analyst CryptoInsightUK, who on July 31 released a sweeping technical breakdown that suggests the token’s breakout from a six-year consolidation range could soon send prices to $15—and potentially beyond. “This is just the start,” he said, arguing that the recent monthly close…
BlackRock’s tokenized U.S. Treasury fund, BUIDL, recorded approximately $447 million in net outflows over the past 30 days, marking its steepest monthly drawdown since launch, according to data from RWA.xyz. The redemptions, concentrated in the Ethereum-based BUIDL-I share class, coincide with outflows from other major Treasury-backed products, including Superstate’s USTB and Circle’s USYC, which saw…