Nvidia Acquires Hugging Face for $12.9B
Nvidia has agreed to acquire Hugging Face for $12.93 billion, enhancing its AI software capabilities while maintaining Hugging Face’s open platform for developers. #Update #AI $BTC $ETH
Crypto News
General category for all types of news related to the cryptocurrency world.
Generative AI Banned in NYC Schools
New York City bans generative AI for students from 2-K through eighth grade starting 2026-27, affecting nearly 600,000 students. #Update #Education
Cryptocurrency Theft Disrupted by US Europe
Authorities in the U.S., Bulgaria, Hungary, and Romania disrupted the Sality P2P botnet, which stole at least $150K in cryptocurrency, impacting over 11M IPs globally. #Breaking #Crypto $BTC
Onchain Lending Hits $1M for 6600 Students
@PencilFinance completed a $1M onchain student loan cycle, aiding 6,600 students in Southeast Asia, with 50% female borrowers from low-income households. #Update #Crypto
Crypto Businesses Face Strict New Regulations
Australia’s new regulatory deadline for crypto businesses is approaching, with firms facing potential civil or criminal penalties for non-compliance starting October 1. #Update #Legal
Bitmart Users Rally to Recover Assets
Echo Base forms a committee for Bitmart claimholders to recover frozen assets after a $10M offer was ignored. Sonn Law Group investigates losses of $500K+. #Update #Legal
Kalshi Sports Bets Banned Michigan $500K Fine
Michigan Judge Rosemarie Aquilina orders Kalshi to halt sports wagers, threatening $500K daily fines for non-compliance with geofencing requirements. #Breaking #Legal
Elon Musk Challenges Mississippi Farmer’s Land
SpaceXAI’s data center in Southaven, Mississippi, faces legal action from the NAACP over noise and pollution concerns. Residents report health issues and a petition has 1,400 signatures. #Update #Legal
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
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