USDC Launches on Pharos for RealFi Growth
@Circle’s USDC and CCTP are now live on @Pharos_Network’s Layer 1 blockchain, enhancing RealFi with seamless cross-chain liquidity and tokenized RWA distribution. #Update #Crypto $USDC
Crypto News
General category for all types of news related to the cryptocurrency world.
Prediction Markets Face Federal Warnings from Democrats
More than 40 Democrats, led by Senators Elizabeth Warren and Cory Booker, urged the CFTC to warn federal officials against insider trading in prediction markets like Polymarket and Kalshi. #Update #Legal
Crypto Awareness Plummets 61% Among Users
74% of U.S. cryptocurrency users are aware of tax obligations, yet 61% lack understanding of upcoming 2025 regulations. Interest in AI for tax calculations is rising, with 47% considering its use. #Update #Crypto
Microsoft Unites GPT Claude Surpasses Rivals
Microsoft integrates OpenAI’s GPT and Anthropic’s Claude in Copilot’s Researcher tool, enhancing AI research accuracy with new Critique and Council features. #Update #Tech
Instagram Launches Plus Subscription with Stealth Features
Meta Platforms tests Instagram Plus, a premium subscription offering exclusive features like extended Story lifespan and animated reactions in select markets. Pricing ranges from $1-$2 monthly. #Update #Social
US Crypto Users Miss 50% Tax Rule
The majority of U.S. crypto users misunderstand tax rules, with 61% unaware of 2025 regulations, risking costly errors. Coinbase’s report highlights confusion over taxable events. #Update #Crypto
Bitget Launches AI Trading Execution Hub
@Bitget expands its Agent Hub with AI capabilities, integrating five analytical skills and 19 data tools for enhanced trading execution. #Update #Crypto
Fed Rate Hike Bets Surge as Japan Joins
Traders see a 69% chance of the Bank of Japan raising rates amid inflation risks from the Iran war, impacting global markets and potentially deepening the crypto bear market. #Update #Crypto $BTC $ETH
AI Group to Invest $100M in Midterms
Innovation Council Action announces $100M plan for November 8 US midterms, supporting candidates favoring light-touch tech oversight amid AI governance battles. Led by Taylor Budowich. #Update #AI
White House App Sparks Privacy Tracking Concerns
Concerns arise over the new White House app’s potential GPS tracking and data collection, with claims of location access every 4.5 minutes; security vulnerabilities also noted. #Update #Crypto
Inflation Fears Drive Rate Hike Expectations
Markets now anticipate Federal Reserve rate hikes this year, with a 30% chance rates will exceed 3.50%-3.75% by year-end, driven by rising inflation and energy prices. #Update #Crypto $BTC
OnePay Launches Tokens for New Crypto Users
@OnePay, majority-owned by Walmart, has added over a dozen crypto tokens, including $SUI, $POL, and $ARB, focusing on assets with high demand and regulatory clarity. #Update #Crypto $BTC
Oil Prices Surge on Hormuz Supply Fears
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VIX closes at 31.05, highest since 2025, amid Middle East tensions impacting oil prices and inflation; gold holds near $4,500 due to safe-haven demand. #Update #Finance
AI Startup Seeks $1B Valuation Boost
@PhysicalIntelligence is negotiating to raise $1B, potentially doubling its valuation to $11B. Previous investors include Jeff Bezos and CapitalG. Competitors include Skild AI and Figure AI. #Update #Crypto