Chinese AI platforms challenge US giants with lower costs and competitive capabilities
The rise of cost-effective Chinese AI models is reshaping global market dynamics, pressuring US firms to prioritize efficiency and pricing. The post…
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South Korea’s Jeonbuk Bank taps Ripple for cross-border payments
Ripple is bringing its cross-border payments platform to Jeonbuk Bank, but key details including its launch status and settlement asset remain undisclosed.
S&P 500 Falls, Bitcoin Surges as Traders Await the Fed Minutes: What Next?
The S&P 500 closed down 0.52% on Monday while Bitcoin surged past $64,000, a sharp divergence just two days before the Federal…
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Jane Street Discloses Nearly $1 Billion Bitcoin ETF Position After $15 Billion Loss
Jane Street disclosed a $990 million bitcoin ETF stake after a $15 billion loss, but it may not signal bullishness on BTC.…
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Peter Schiff Calls Latest Bitcoin Rally A Sell Opportunity as BTC Approaches $65,000
Peter Schiff calls Bitcoin's rally past $64,000 a sell opportunity, but fading Fed hike odds tell another story. The post Peter Schiff…
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Harmony Protocol to Roll Back Network After Massive Exploit
Following a security breach on Aug. 12 where an attacker exploited verification vulnerabilities to illicitly mint 2.385 trillion tokens, Harmony Protocol is…
Anthropic Run Rate Hits $65 Billion and Leaves OpenAI $25 Billion Behind
Anthropic’s annualized revenue run rate reached $65 billion at the end of July, roughly $25 billion above OpenAI’s, according to people familiar…
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Alleged $165M crypto Ponzi mastermind faces US charges after Fiji deportation
Prosecutors allege Edward Zimbardi collected crypto from thousands of investors, lost over $34 million on currency trades and spent at least $10…
Binance Shared Customer Data With Russia After Leaving Market
Binance provided Russian law enforcement with customer identification documents and transaction records connected to donations supporting Ukrainian military causes. The disclosures helped…
China’s 5,500 Robot Shipments Put US AI Hardware Rivals on Notice
Unitree’s 5,500-plus humanoid robot deliveries highlight China’s scale in humanoid robot manufacturing. Devere Group CEO Nigel Green says those exports offer investors…
