AI Memo Sparks 60% Job Decline
Citrini Research’s essay on a hypothetical “2028 Global Intelligence Crisis” sparks debate over AI’s economic impact, questioning its effect on job markets. #Update #Economy
Crypto News
General category for all types of news related to the cryptocurrency world.
Crypto Group Proposes Tax Rules to Ignite Innovation
The Blockchain Association proposed a crypto tax rules framework during its Capitol Hill Tax Fly-In, aiming to modernize digital asset taxation as discussions on the CLARITY Act progress. #Update #Crypto
iGaming Bans and Taxes Reshape Markets
Governments in London and Brazil impose new iGaming taxes and bans, impacting sector operations by 2026. Operators recalibrate amid regulatory changes. #Update #Legal
Palantir AI Captures UK ATM Hackers
Palantir’s AI system helped UK police arrest a gang behind 3,000 ATM hacks, stealing over $1M. Six members were sentenced after analyzing 1.4TB of data. #Update #Crypto $BTC
AI Bots Launch Bank Accounts with MoonPay
@MoonPay has launched MoonPay Agents, a non-custodial financial layer allowing AI agents to autonomously access wallets and transact after user verification. #Update #Crypto $BTC $ETH
Terraform Labs Implosion Sparks Jane Street Scandal
@TerraformLabs administrator Todd Snyder sues Jane Street for allegedly profiting from Terrausd and Luna’s $40B collapse using insider info. #Update #Legal
AMD Surges as Meta Signs AI Deal
AMD and Meta sign a $100 billion agreement for AI infrastructure, deploying 6GW of Instinct GPUs and custom MI450 chips, enhancing Meta’s computing resources. #Update #Tech
Telegram CEO Probed for Terrorism Allegations
Russian authorities are investigating @Telegram for allegedly not removing 155,000 channels linked to illegal content, raising concerns over potential terrorism facilitation. #Update #Legal
Arizona Senate Approves Digital Assets Fund
Arizona Senate Finance Committee advances SB 1649 to create a Digital Assets Strategic Reserve Fund, allowing the state treasurer to manage seized crypto assets. #Update #Crypto
Fintech Revolution: TRM Finray Unite Banks
@TRMLabs partners with Finray Technologies to integrate blockchain intelligence into XZiel compliance engine, addressing EU’s MiCA framework. #Update #Fintech
S&P 500 Targets All-Time High by Year-End
Morgan Stanley’s CIO Mike Wilson predicts the S&P 500 could rise nearly 14% to 7,800 by year-end, driven by AI capital expenditure and a new Fed chair nominee. The index currently stands at 6,837 points. #Update #Crypto $BTC (+2) ↗
Terraform Labs Sues Jane Street Over UST Collapse
@TerraformLabs’ bankruptcy manager Todd Snyder has sued @JaneStreet for alleged insider trading linked to the collapse of $UST, which lost its dollar peg in May 2022. Jane Street denies wrongdoing. #Breaking #Legal $UST
USDC Revenue Set to Multiply 7X
Bloomberg Intelligence forecasts Coinbase’s $USDC revenue could increase sevenfold as Congress considers a ban on stablecoin rewards, potentially altering earnings structures. #Update #Crypto $USDC
AI Analyzes Epstein Emails Shocking Insights
An AI model, MechaEpstein-8000, trained on Jeffrey Epstein’s emails by Alfredo Ortega, has 33,000 downloads on Hugging Face but is intended for entertainment rather than research. #Update #AI