Crypto Firms Face 10% Fines in Australia
Australian crypto firms must apply for a financial services license by Sept. 30 or face fines up to 10% of annual turnover, warns ASIC. #Update #Legal $BTC $ETH
Crypto News
General category for all types of news related to the cryptocurrency world.
Apple’s Foldable iPhone Boosts $14 Billion Revenue
Morgan Stanley projects Apple’s (AAPL) first foldable iPhone could add $14 billion in revenue during the December quarter, with shipments expected to start in October. Price estimates range from $2,300 to $2,500. #Update #Tech @Apple
AI Startup Surges to Y Combinator Unicorn
AfterQuery, an AI startup, hits a $3.2B valuation in record time, becoming Y Combinator’s fastest unicorn. Founders pivoted to expert-generated judgment data for AI training. #Update #AI
Pentagon AI Chief Sells $5M Stock
Emil Michael sold his Perplexity AI stake for $5-$25M amid Pentagon’s Anthropic blacklist battle, as a judge vacated the designation. #Update #Legal
New Jersey Officials Petition Supreme Court on Prediction Markets
New Jersey’s Attorney General Jennifer Davenport petitions the US Supreme Court over jurisdiction disputes involving prediction market companies like @Kalshi, challenging their compliance with state laws. #Update #Legal
Digital Assets Group Welcomes HashKey Partnership
@HashKeyGroup joins the DTCC Digital Assets Advisory Services Industry Working Group, becoming its first Asian digital asset service provider, as major firms explore institutional tokenization. #Update #Crypto
Crypto Gains Ground in U.S. Primaries
@Fairshake supported Massachusetts incumbent Auchincloss in U.S. primaries, indicating growing industry influence as attention now shifts to the upcoming general election. #Update #Crypto
New Jersey Asks Supreme Court on Prediction Markets
New Jersey becomes the first state to request the Supreme Court of the United States (SCOTUS) to address conflicting appeals court rulings on regulating prediction markets’ sports products. #Update #Legal
AI Revolutionizes Filmmaking with Gal Gadot’s Support
Gal Gadot endorses AI in filmmaking for set and lighting creation, emphasizing actor performance protection. Producer Ryan Kavanaugh claims AI cut Bitcoin’s budget by over $200 million. #Update #Crypto $BTC
Kiyosaki Faces $1.2B Debt Crisis
Robert Kiyosaki, author of “Rich Dad Poor Dad,” holds $1.2B in real estate-backed debt, emphasizing bitcoin as a hedge against inflation and dollar risk. #Update #Crypto $BTC
BingX Launches Global Market Access Initiative
@BingX has launched ‘Connect What’s Moving’, evolving from a crypto platform to a multi-asset trading platform, now offering over 500 perpetual futures across various markets. #Update #Crypto
AI Billionaires Launch $1B Ad Campaign
Build American AI, backed by Leading the Future super PAC, launches multimillion-dollar ad campaign in Kansas, Ohio, and Wisconsin to support data centers amid rising local opposition. #Update #Tech
Token Supercycle Transforms Value into Programmable Assets
Tokenization marks a pivotal shift in value creation and ownership, as highlighted by @Solana’s Lily Liu, emphasizing its potential beyond mere access to tokens. h3#Update h3#Crypto $SOL
X Money Expansion Triggers Mass Password Resets
@X is investigating unauthorized password reset requests amid the rollout of @XMoney, with no evidence of a breach found. Users advised to enable two-factor authentication. #Update #Crypto $USDT