Dubai Fund Acquires 15% Stake in TikTok
Dubai’s MGX fund acquires a 15% stake in TikTok’s U.S. business, partnering with Oracle for a 45% total ownership, amid regulatory scrutiny; ByteDance retains 19.9%. #Update #Crypto $USD1
Crypto News
General category for all types of news related to the cryptocurrency world.
Riot Platforms Surges on AI Upgrade Boost
@RiotPlatforms received upgrades from JPMorgan and Citigroup, raising targets to $19 and $24 amid a shift to AI and cloud services, while $CIFR target doubled to $12. #Update #Crypto $RIOT
IBM Boosts HSBC Bond Trading by 34%
@HSBC and @IBM report a 34% improvement in bond-trading predictions using quantum computing, marking a significant advancement in financial technology. Announced September 25. #Update #FinTech
AI Compute: Musk Surges to 1 Gigawatt
Nvidia CEO Jensen Huang predicts Elon Musk’s xAI will achieve 1 gigawatt of AI compute power with over 500,000 GPUs, marking a significant leap in AI capacity. #Update #Tech
Layer-1s Dominate Crypto Landscape in 2025
Layer-1 blockchains are solidifying their role in the crypto ecosystem as stablecoin regulations develop and tokenized assets emerge, indicating their resilience and importance for the future. #Update #Crypto $BTC $ETH
Aster Reimburses Users After $4 Glitch
@Aster_DEX has reimbursed users affected by a glitch that spiked $XPL futures prices to nearly $4, while DEX volumes surged to a record $104 billion. #Update #Crypto $XPL
Crypto ETF Adoption Still Early Says BlackRock
@BlackRock’s Robbie Mitchnick states institutional adoption of crypto ETFs is early, with limited staking rewards affecting $ETH demand, while $BTC remains favored for its clear positioning as “digital gold.” #Update #Crypto $BTC $ETH
Digital Yuan Launches New Operation Centre
China’s People’s Bank of China (PBOC) launched an international operations center for the digital yuan (e-CNY) in Shanghai, aiming to enhance cross-border payment efficiency amid a pause on tokenization efforts. #Update #Crypto $USDT
Trust Wallet Launches Web3 Accelerator Program
@TrustWallet introduces Trust Moon, a Web3 accelerator with partners like Binance and $MATIC, offering funding and early access for users. #Update #Crypto $MATIC
Toncoin Soars as AlphaTON Buys $30M
@AlphaTON has purchased $30 million in $TON as part of its treasury strategy, following a $71 million funding round. The firm aims to expand reserves to $100 million by 2025. #Update #Crypto $TON
Circle Proposes Reversible Crypto Transactions
Circle’s proposal for reversible stablecoin transactions sparks backlash, challenging blockchain’s immutability principle. Critics argue it undermines core technology tenets. #Update #Crypto $USDC
Bastion Secures $14.7M from Sony Samsung a16z
Bastion raised $14.7M in funding from Sony Ventures, Samsung Ventures, Andreessen Horowitz, and Hashed, bringing total investments to $39.6M; it offers stablecoin infrastructure in over 70 countries. #Update #Crypto
AI Book Claims Doom: Chatbots Disagree
Authors Yudkowsky and Soares warn AI superintelligence could lead to human extinction, sparking debate among AI models on its implications. #Update #AI
XPL Token Surges 52% After Plasma Launch
Plasma’s mainnet launch boosted $XPL by 52% to $1.26, with trading volume surging over 18,000%. Supported by @Binance, @Aave, and @Chainlink, Plasma aims to dominate DeFi. #Update #Crypto $XPL