Moonshot’s Kimi rattled markets. U.S. agencies now say it was trained on American models
Moonshot, whose Kimi model rattled markets earlier this year, is among six Chinese AI firms accused of systematically extracting capabilities from U.S. models.
Bitcoin recovers toward $79,000 as Zcash records a $500 million ETF haul
Bitcoin fell to nearly $77,600 on Tuesday before clawing most of it back, leaving it little changed on the day while zcash gained roughly 43% on the week and Grayscale’s new fund crossed half a billion dollars.
Cybercrime ringleader Malone Lam pleads guilty in $245M crypto theft conspiracy
US prosecutors said Lam organized an international network that targeted cryptocurrency holders through social engineering and home break-ins.Singaporean national Malone Lam pleaded guilty to participating in a racketeering conspiracy that used social engineering and home break-ins to steal and launder more than $245 million in cryptocurrency.On Tuesday, the US Justice Department said that Lam organized…
New York town weighs crypto mining and AI data center ban
One of the first towns in the US to ban Bitcoin mining for 18 months is considering another temporary moratorium extending to data centers and other crypto mining operations.The town of Plattsburgh in New York state held a public hearing to discuss a temporary land use moratorium for operations including AI data centers and crypto…
Franklin Templeton digital asset veteran takes helm at StablecoinX
Former Franklin Templeton digital asset executive Christopher Jensen will lead StablecoinX, the largest corporate holder of Ethena’s ENA token.StablecoinX appointed former Franklin Templeton digital asset executive Christopher Jensen as CEO, putting him in charge of the largest corporate holder of Ethena’s ENA token.Jensen succeeds Ted Chen, who led StablecoinX through its public listing in June…
Bybit launches 24/7 perpetuals for major currency pairs
Bybit added USDT-settled perpetuals tracking EUR/USD, GBP/USD and USD/JPY, with 24/7 trading and leverage of up to 100x.Dubai-based crypto exchange Bybit has launched USDT-settled perpetual contracts tracking three major foreign currency pairs, adding FX to its growing lineup of traditional finance derivatives.The contracts cover EUR/USD, GBP/USD and USD/JPY, tracking movements in the underlying currency pairs…
Robinhood takes stakes in Crypto.com, OG.com in prediction markets deal
Robinhood will route event contracts through OG.com’s CFTC-regulated infrastructure as it expands its prediction markets business.Robinhood has taken equity stakes in Crypto.com and its newly spun-off prediction market platform OG.com as part of a multi-year deal to use OG.com’s regulated infrastructure for event contracts.Under the agreement, Robinhood will route retail event contracts through OG.com’s Commodity…
Visa brings onchain credit to its growing stablecoin card business
Visa is combining VisaNet settlement data with blockchain lending as stablecoin payment volume on its network jumps nearly 200% year over year. Payment giant Visa is connecting its settlement network with onchain lending, giving stablecoin-linked card programs another way to access working capital, potentially expanding the role of onchain lending from crypto markets into payment…
Bitcoin faces key support test at $78.3K as US crude oil hits three-month high
Bitcoin fell with US stocks on the opening of Tuesday’s Wall Street trading session as analysis warns that BTC price support at $78,300 must hold.Bitcoin (BTC) dipped below $78,000 at Tuesday’s Wall Street open as risk assets fell on renewed Middle East tensions.Key points:Read more
Copper CEO Amar Kuchinad departs as search for a buyer enters a fourth month
Kuchinad, the CEO of cryptocurrency custody firm Copper since 2024, has left the company, according to two people familiar with the matter.
