Treasury Secretary Bessent Criticizes Crypto Leaders as Clarity Act Stalls
On Thursday, U.S. Treasury Secretary Scott Bessent criticized crypto industry leaders who are resisting the Clarity Act’s passage, labeling them ‘nihilists’ that need to be overcome for the bill’s advancement.…
BitMine Immersion Technologies Upgraded to NYSE with Expanded Buyback Plan
On Thursday, BitMine Immersion Technologies (BMNR), a publicly traded Ethereum treasury firm, was uplisted from the smaller NYSE American exchange to the New York Stock Exchange. The transition occurred after…
High Energy Costs and Regulatory Issues Halt OpenAI’s UK AI Partnership with Nvidia
According to CNBC, which was confirmed by a spokesperson from the company, OpenAI has suspended its Stargate artificial intelligence infrastructure project in the United Kingdom. The suspension is due to…
Tether Unveils QVAC SDK: A Tool for Localized, Offline AI Development
The team behind Tether’s widely-used stablecoin, USDT, has introduced the QVAC SDK—an open-source software development kit designed to execute artificial intelligence applications directly on local devices without cloud connectivity. Tether…
Weekly Insights on Crypto: Regulations Tighten in Asia; Experienced Investors Targeted by Scams
In this edition of Crypto Long & Short Newsletter, Bob Williams discusses the impact of heightened crypto regulations in Asia, emphasizing the increased accountability for senior leaders. This situation underscores…
Fartcoin Price Collapses by 50% After Failed Manipulation Bet
A massive manipulation attempt involving the meme coin ‘Fartcoin’ led to a dramatic 50% drop in its price. A consortium of wallets tried to inflate Fartcoin’s value on Hyperliquid, a…
Virginia’s Crypto Developer Challenges Trump Legacy in Congressional Bid
As November’s midterms approach, a new wave of legislators could join Washington, potentially introducing America’s first crypto developer as a congressman. Joe Schiarizzi, an experienced Ethereum developer, announced his candidacy…
Banks Exercise Caution with Stablecoins Amidst Market Expansion, S&P Global Reports
Despite experiencing rapid growth, banks are proceeding cautiously with stablecoins due to early-stage strategy considerations and escalating structural concerns, according to a new report by S&P Global Market Intelligence. The…
Meta and CoreWeave Expand Partnership with $21 Billion Deal for NVIDIA AI Superchips
In a significant expansion of their previous collaboration, valued at up to $14.2 billion, Meta (META) and CoreWeave (CRWV) have agreed on a new partnership worth approximately $21 billion. Under…
Commodities Volatility Spurs $31 Billion Weekly Volume in Tokenized Perpetual Swaps
In the first quarter, trading of tokenized traditional assets saw a notable surge, with commodity and equity-linked perpetual swaps amassing billions in weekly volume. This has enabled continuous trading across…