BONK Boosts DAT Purchases with New Fee Structure
@bonkfun reallocates 51% of fees to boost BNKK’s DAT purchases, increasing from 10%. This follows a $32M token acquisition and aims to solidify BONK supply dominance. #Update #Crypto $BONK
Crypto News
General category for all types of news related to the cryptocurrency world.
ChatGPT Outsmarts Scammer in $5K Heist
A Delhi IT worker used ChatGPT to create a fake payment site, capturing a scammer’s location and photo during an “army transfer” fraud attempt. #Update #AI
Western Union Launches Stable Card in Argentina
Western Union is launching a “stable card” to protect remittance value in high-inflation economies, aligning with its digital asset strategy. #Update #Finance
Fed Cuts Rates 25bps as Morgan Stanley Turns Bullish
Morgan Stanley now forecasts a 25bps Fed rate cut this month, shifting from previous expectations due to weaker U.S. data and comments from officials. Traders see an 86.2% chance of a cut at the upcoming FOMC meeting. #Update #Crypto $BTC
Stablecoin Adoption Surges as Wall Street Invests
Stablecoin adoption is surging, with total market cap reaching $300 billion, driven by banks exploring tokenized deposits and fintechs integrating stablecoins into payment solutions. #Update #Crypto $USDT $USDC
AI Identity System Proves Human Users
Alien launched a decentralized app for human verification without storing biometric data, addressing AI-driven identity challenges. #Update #Tech
Fiat-Backed Stablecoins Face Major Collapse
Stablecoins like $USDT and $USDC face risks as the U.S. dollar declines 11%, prompting discussions of gold-backed alternatives, including a proposed stablecoin by Burkina Faso backed by $8 trillion in resources. #Update #Crypto $USDT
OpenAI Ordered to Release 20M Logs
OpenAI must provide 20 million de-identified ChatGPT logs to The New York Times in a copyright case, impacting AI data practices.
NYT Sues Perplexity AI for Copyright
The New York Times has sued Perplexity AI for copyright infringement, alleging unauthorized use of its content via retrieval augmented generation technology. Several publishers have filed similar lawsuits. #Update #Legal
Crypto Brokerage Eyes $10B Public Listing
@ClearStreet, a major player in crypto treasury deals, is eyeing a public listing valued between $10–12 billion. #Update #Crypto
MARA Trades at Premium Amid Debt Concerns
@MARA Holdings has fallen 55% year-over-year, with $3.3B in convertible debt versus $4.9B in bitcoin holdings, suggesting it trades at a premium, not a discount. #Update #Crypto $BTC
BingX Launches Recurring Buy for Crypto
@BingX has launched the Recurring Buy feature, allowing users to automate digital asset purchases from 1 USDT at intervals of their choice, simplifying entry for newcomers and promoting disciplined investment. #Update #Crypto $USDT
Stablecoins Replace Hawala in Smuggling
India’s Directorate of Revenue Intelligence reports smugglers increasingly use $USDT and cryptocurrencies over hawala networks for drug and gold trafficking, urging stronger regulations to combat illicit activities. #Update #Crypto $USDT
North Korea Infiltration: Maryland Man Sentenced
Maryland’s Minh Phuong Ngoc Vong sentenced to 15 months for aiding North Korea in infiltrating U.S. tech firms, compromising sensitive systems. #Breaking #Legal