SEC Approves A16z-Backed OpenReserve Bank
OpenReserve Bank, backed by Andreessen Horowitz, received preliminary approval from the OCC to charter a national bank in Salt Lake City, requiring $210M capital and a 12% leverage ratio. #Update #Banking
Decrypt News
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Zcash Surges to Decade-High Crushing Shorts
Zcash ($ZEC) surged 20% to $1,029, its highest in nearly a decade, as $34.5M in shorts were liquidated; market cap now ranks it among the top ten cryptocurrencies. #Update #Crypto $ZEC
Bitcoin Donations Propel El Salvador’s Growth
IMF staff reached an agreement with El Salvador unlocking $140M, noting Bitcoin additions from private donations, not public funds. #Update #Crypto $BTC
Trezor Data Breach Exposes 67000 Customers
Trezor reveals 67,000 more U.S. customers affected by ShipMonk data breach, exposing names and addresses from orders between 2019-2021 due to a Metabase flaw. Security
Bitcoin Scams Uncovered $12.7B Asian Operations
FinCEN ties $12.7B to Southeast Asian crypto scams; 33,904 suspicious activity reports filed by 1,300 institutions. #Update #Crypto $USDT
Robinhood Stock Tokens Slammed by AMC CEO
AMC CEO Adam Aron criticized Robinhood for issuing tokens tracking AMC shares without involvement, calling it “vile” and questioning legality; tokens lack U.S. registration. #Update #Legal
VPNs Banned Utah Leads Age Verification
Utah’s SB 73 mandates age verification for adult content websites, targeting VPN usage to bypass checks, with fines up to $2,500 per violation. #Update #Legal
Bitcoin Miner Secures $1.2B AI Deal
Hyperscale Data ceased Bitcoin mining at its Michigan center to accommodate an AI contract potentially worth $1.2 billion over 20 years, transitioning focus to AI infrastructure. #Update #Crypto $BTC
Robinhood Chain Token Surges 18000 Percent
PONS surged 31.82% to $0.5978, becoming Robinhood Chain’s largest token by market cap, and was added to Binance Alpha on September 2. #Update #Crypto
AI Development Ban Bernie Sanders Bill
Sen. Bernie Sanders and Rep. Greg Casar propose banning artificial superintelligence and pausing advanced AI development, while @OpenAI unveils GPT-6 Astra, potentially qualifying as AGI. #Breaking #AI
OpenAI Launches GPT-6 Astra Nears AGI
OpenAI released GPT-6 Astra, marking a “generational leap” towards AGI with advanced autonomous cybersecurity capabilities. It scored 100% on ExploitBench and found zero-day vulnerabilities. #Update #Tech
AI Outages Disrupt 95% User Workflows
OpenAI, Anthropic, and xAI resolved outages affecting ChatGPT, Claude, and Grok by Thursday afternoon after morning disruptions impacted users’ work. #Update #Tech
Bitcoin ETFs Surge as Ethereum Stalls
Spot Ethereum ETFs saw $48.08M outflows, ending a $1.62B inflow streak; XRP ETFs lost $7.2M after 11 days of gains, while Bitcoin ETFs gained $101.15M. #Update #Crypto $BTC
Crypto Futures Dispute CFTC Seeks Dismissal
The Commodity Futures Trading Commission (CFTC) seeks dismissal of Chicago Mercantile Exchange’s lawsuit over crypto perpetual futures approval, citing lack of financial harm. #Update #Legal