AI Revolution Ends Recession Says Wood
Cathie Wood predicts a “deflationary boom” in 2025, driven by AI and tech innovation, despite current economic challenges. #Update #Economy (+3) ↗
Decrypt News
Decrypt.co is a leading digital media platform founded in 2018, dedicated to bringing clarity to the complex world of cryptocurrencies, blockchain technology, and Web3. Through unbiased reporting, in-depth features, and educational guides, Decrypt empowers readers to navigate the rapidly evolving decentralized landscape with confidence. The publication’s commitment to journalistic integrity and accessible storytelling has positioned it as a trusted source for both newcomers and seasoned enthusiasts seeking to stay informed in the ever-changing realm of digital assets.
House Overturns Biden DeFi Broker Rule
The U.S. House voted 292-132 to rescind an IRS rule on DeFi platforms, citing unworkable compliance issues; the resolution now awaits Senate approval and President Trump’s signature. #Breaking #Legal (+8) ↗
Crypto Trading: Coinbase Launches in India
@Coinbase secures approval to offer crypto trading in India, aiming for a 2024 launch amid regulatory shifts and high grassroots adoption. #Update #Crypto (+7) ↗
XRP ETF Decision Delayed by SEC
The U.S. Securities and Exchange Commission delayed its decision on @Grayscale’s XRP ETF application, while Franklin Templeton filed for a similar fund. #Update #ETF $XRP (+3) ↗
Trump Halts Large-Scale Crypto Summit Plans
President Trump hosted a crypto summit with top industry executives, but future White House gatherings will focus on targeted sub-vertical summits instead. #Update #Crypto (+3) →
Bitcoin Act Reintroduced: $80 Billion Boost
Sen. Cynthia Lummis introduced the BITCOIN Act to authorize the U.S. government to purchase one million $BTC, worth $80 billion, over five years. #Breaking #Crypto $BTC (+9) ↗
Esports Expansion: BC.GAME Team Competes
@BCGAME announces expansion of its esports team, competing globally in CS2 with top players like jkaem and nawwk, aiming to integrate crypto and esports. #Update #Esports (+3) ↗
Crypto Crackdown: California Shuts 26 Scam Sites
California authorities dismantled 26 crypto scam sites, revealing $4.6M in consumer losses. DFPI and DOJ highlight rising fraud types like “pig-butchering” scams. #Breaking #Legal (+9) ↗
AI Showdown: China’s Manus Challenges OpenAI
@MonicaAI’s Manus platform, a potential rival to OpenAI agents, is invite-only with secondary market prices reportedly reaching $1.3M for access. #Update #Tech (+6) ↗
Stablecoin Bill Vote by Senate Committee
The U.S. Senate Banking Committee will vote on the GENIUS Act regulating stablecoins, impacting issuers like @Tether_to and @circlepay with new compliance standards. #Update #Legal $USDT (-4) ↘
OpenAI Secures $12B CoreWeave Deal
@OpenAI signs a $11.9B deal with @CoreWeave for AI infrastructure, receiving $350M in stock ahead of CoreWeave’s IPO. #Update #AI (+6) ↗
Bitcoin Ethereum Futures Launch 24/7
@Coinbase will soon offer 24/7 Bitcoin and Ethereum futures trading to U.S. clients via its Coinbase Derivatives platform, enhancing market accessibility. #Update #Crypto $BTC (+3) ↗
Crypto Exchange Definition Expansion Considered
The SEC is reconsidering expanding the ‘exchange’ definition to include crypto, as Acting Chair Mark Uyeda critiques past regulatory approaches. #Update #Legal #Crypto (-3) ↘
Crypto Executive Order Trump Ends Debanking
President Trump plans to sign an executive order reversing Biden-era policies hindering crypto companies’ banking access, potentially impacting Federal Reserve master account policies. #Breaking #Crypto $BTC (+9) ↗