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Digital assets, cryptocurrencies, blockchain, and currency news.

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Kraken Parent Payward Says Expansion Beyond Crypto Trading Is Cushioning Revenue Decline
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Kraken Parent Payward Says Expansion Beyond Crypto Trading Is Cushioning Revenue Decline

Key Highlights: Payward has added artificial intelligence as its fifth business pillar alongside trading, banking, asset management and infrastructure. The company plans to develop a personal finance agent and investment funds connected to its xStocks tokenized equities platform. Payward reported a 12% quarter-over-quarter increase in total platform margin as crypto trading activity recovered. Payward Expands ...

US PPI Data Released: Bitcoin (BTC) Shows Initial Market Reaction
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US PPI Data Released: Bitcoin (BTC) Shows Initial Market Reaction

Key Highlights US Producer Price Index data for September was released after the latest CPI report exceeded expectations. Stronger-than-expected PPI data could reinforce expectations that US interest rates will remain elevated for longer. Bitcoin may face selling pressure if higher inflation supports the dollar and US Treasury yields, while weaker PPI data could encourage a ...

Bessent Says China Should Not Get Chips More Advanced Than Nvidia’s H100
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Bessent Says China Should Not Get Chips More Advanced Than Nvidia’s H100

Key Highlights Treasury Secretary Scott Bessent has pressed Commerce Secretary Howard Lutnick over delays in blacklisting Megaspeed, which is accused of rerouting advanced Nvidia chips to China. U.S. export controls on Nvidia’s A100 and H100 processors began in August 2022 and have since expanded to newer models and China-specific variants. Estimates indicate that between 1 ...

Bessent Says Advanced Chip Leaks Frustrate Him Amid Megaspeed Dispute
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Bessent Says Advanced Chip Leaks Frustrate Him Amid Megaspeed Dispute

Key Highlights: Stephen Bessent reportedly challenged Commerce Secretary Howard Lutnick over why Megaspeed had not been added to the Entity List. Megaspeed, founded as Chinese video game company 7Road International, has reportedly purchased more than $4 billion in Nvidia high-end processors. The Commerce Department denies that Bessent and Lutnick had the reported confrontation, while scrutiny ...

MANTRA Halts New Unstaking Requests Amid Web3Auth and Keplr Exploit
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MANTRA Halts New Unstaking Requests Amid Web3Auth and Keplr Exploit

Key Highlights MANTRA has suspended new token unbonding transactions for seven days. The action follows an exploit involving Web3Auth and Keplr wallets that exposed users’ private keys. Attackers accessed users’ liquid MANTRA holdings and unbonded staked tokens without authorization. MANTRA Suspends Token Unbonding After Wallet Exploit MANTRA has temporarily suspended new token unbonding transactions for ...

Louisiana Judge Orders Sweeping Restraining Order Against Kalshi, Polymarket, Coinbase, and Other Prediction Market Operators
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Louisiana Judge Orders Sweeping Restraining Order Against Kalshi, Polymarket, Coinbase, and Other Prediction Market Operators

Key Highlights A Louisiana court has temporarily barred Kalshi, Polymarket, Coinbase, Robinhood and affiliated entities from offering prediction market contracts to state residents without a valid gaming license. The order prohibits the companies from operating, listing, accepting, settling, brokering or facilitating event contracts involving Louisiana residents. Covered activities include contracts tied to sports, elections, awards ...

American Medical Association Seeks Liability Protections for Doctors Using AI
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American Medical Association Seeks Liability Protections for Doctors Using AI

Key Highlights The American Medical Association adopted a policy framework assigning AI-related liability according to the control and responsibilities of developers, healthcare organizations, and physicians. AI vendors would be expected to carry adequate product liability insurance, disclose tool limitations, share performance data, and avoid contracts that unfairly shift liability to clinicians. The policy is not ...

Binance Releases First Major Reserve Report Since Hack: How Much Bitcoin, Ethereum, XRP and Altcoins Does It Hold, and Has the $6.3 Billion Gap Been…
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Binance Releases First Major Reserve Report Since Hack: How Much Bitcoin, Ethereum, XRP and Altcoins Does It Hold, and Has the $6.3 Billion Gap Been…

Key Highlights Binance reported reserve ratios above 100% for all major assets covered in its latest report. User Bitcoin holdings rose 0.35% to approximately 687,900 BTC, while Ethereum holdings increased 1.04% to 3.48 million ETH. The additional report followed the October 29 hack involving approximately $6.34 billion in crypto assets; Binance said it fully recovered ...

World Liberty Financial Completes $1 Million Initial WLFI Buyback Transaction
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World Liberty Financial Completes $1 Million Initial WLFI Buyback Transaction

Key Highlights World Liberty Financial has completed the first $1 million transaction under its $WLFI token buyback program. The company has not disclosed how many $WLFI tokens it purchased, the average purchase price, or the funding source. The timing and size of future buybacks remain undecided, while the use of the repurchased tokens has not ...