AI Chip Smuggling Scheme Nets $2.5B Arrest
US authorities have charged and arrested Supermicro co-founder Yih-Shyan “Wally” Liaw for allegedly smuggling $2.5 billion in AI servers to China through shell companies. #Breaking #Legal $BTC
Bitcoin ETF Launches with $1 Million Seed Capital
Morgan Stanley plans to debut its spot bitcoin ETF under the ticker MSBT, with a $1 million seed investment and BNY Mellon managing cash functions. #Update #Crypto $BTC
Bitcoin Bill: Kentucky Senate Rejects Wallet Clause
The Bitcoin Policy Institute urges the Kentucky Senate to remove a provision in HB 380 requiring hardware wallet providers to reset user credentials, citing technological impossibility and privacy concerns. #Update #Legal
Dogecoin Crashes 15% Bulls Struggle
Dogecoin ($DOGE) declines below $0.0980, facing resistance at $0.0950 and $0.0980, with potential further losses if it remains below these levels. #Update #Crypto $DOGE
AI Chips Hit Trillion-Dollar Milestone
Microsoft-OpenAI face potential legal dispute over $50B Amazon cloud deal; Nvidia announces $1T in chip orders; AI data center demand strains U.S. power grid. #Update #Tech
Blockchain Trading: Datavault AI Acquires NYIAX
Datavault AI signs definitive agreement to acquire NYIAX, integrating blockchain exchange technology for institutional trading venues; deal valued at approximately $60 million. #Update #MergersAcquisitions
CELO Token Surges 15% on 160M Proposal
Celo proposes transferring 160 million CELO tokens to Opera, potentially making it a major stakeholder, leading to a 15% surge in CELO’s value. #Update #Crypto $CELO
Bitcoin DeFi Launches Without Bridges or Wrapped BTC
@OP_NET is launching a “SlowFi” DeFi stack on Bitcoin, utilizing standard transactions and native fees, aiming to enhance miner revenue amid declining subsidies. Critics argue it dilutes Bitcoin’s focus. #Update #Crypto $BTC
Kalshi Banned as Appeals Court Rules in Nevada
@Kalshi may face a temporary restraining order from Nevada after a federal appeals court cleared the way for state action, potentially halting its event contracts. #Update #Legal
Bitcoin Trails as Energy Costs Soar
Bitcoin’s fair value model suggests ~$136K, diverging from current ~$70K. Tight U.S. monetary policy limits liquidity flow into risk assets despite rising global M2. #Update #Crypto $BTC
Chainlink Bears Dominate $9.55 Reversal Looms
Chainlink bears dominate market, but a $9.55 price reversal could shift dynamics significantly. #Update #Crypto $LINK
Ripple Surges in Cross-Border Liquidity Shift
Ripple’s infrastructure gains traction as multinational corporations rethink liquidity strategies to meet rising cross-border funding demands. #Update #Finance $XRP
Bitcoin Boosts Anchorage’s Institutional Lending
Anchorage Digital expands its Atlas network to include collateral management, supporting nearly 600 participants in institutional crypto lending. #Update #Crypto
LetsExchange Expands Asset Support for 5th Anniversary
@LetsExchange celebrates its 5th anniversary, boasting nearly 3M users across 186 countries. Significant asset integrations and a focus on security highlight its growth. #Update #Crypto $BTC $ETH