Latest news
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Wall Street Weighs Local Opposition as Data Center Credit Risk
Banks and asset managers are increasingly factoring local resistance and community opposition into financing decisions for data center projects, treating public backlash as a material credit risk alongside traditional environmental and zoning assessments.
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Bezos, Saverin, Bhatia near $6B Liverpool Football Club stake
Jeff Bezos, Facebook co-founder Eduardo Saverin, and investor Amit Bhatia are in advanced negotiations to acquire roughly 30% of Liverpool Football Club in a deal valuing the club near $6 billion, with a possible announcement expected in mid-August 2026.
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Web3 Design Flaws Exclude Low-Capital Users, Says ChangeNOW's Shangett
ChangeNOW's Pauline Shangett argues that Web3's accessibility gap isn't just about user error—it's a design problem that penalizes people with smaller capital and limited savings, particularly in emerging markets where crypto adoption is surging.
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Lambda closes $1B loan for Nvidia chip expansion in AI race
Lambda, an AI cloud infrastructure company, closed a $1 billion syndicated credit facility led by J.P. Morgan to deploy next-generation Nvidia accelerators and expand data centers, marking a shift toward traditional corporate debt financing in the AI boom.
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Fed Chair Warsh Completes Crypto Divestiture Under Ethics Pledge
Federal Reserve Chair Kevin Warsh has completed his promised financial divestiture, according to an updated Office of Government Ethics certification signed Thursday, resolving conflicts tied to his extensive crypto and venture holdings.
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ESL Pro League Season 24 returns to Katowice with $1M prize pool
ESL Pro League Season 24 will take place in Katowice, Poland, from October 3 to 11, featuring 16 teams competing for a $1 million prize pool with $300,000 distributed directly to players and $700,000 allocated to clubs in a fully in-person LAN format.
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CPI data this week could reshape Fed rate-hike expectations
Market participants are weighing this week's economic data releases, particularly Wednesday's Consumer Price Index, to assess whether the Federal Reserve will pause or continue rate increases. A cooler-than-expected CPI could reinforce expectations for a rate pause and support risk assets.
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Fantom backer Harry Yeh found dead after fall from Paraguay tower
Harry Yeh, founder of Quantum Fintech Group and prominent figure in the Fantom ecosystem, was found dead on August 7 outside a residential complex in Asunción, Paraguay, after falling from approximately the 30th floor. Authorities are investigating the cause.
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Bitcoin miner rejects BIP-110 despite Ocean pool backing
Simple Mining, operating through Ocean pool, used the DATUM protocol to independently reject BIP-110, a proposal to block non-financial data storage in Bitcoin transactions. The miner's block 961,634 continued the main chain while BIP-110 supporters' minority fork stalled after just two blocks.
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Bitcoin tops $65,000 as inflation data and equities near records
Bitcoin rose above $65,000 on Monday, gaining nearly 3% for the week as global stocks approached record highs following a weak U.S. jobs report that eased rate-hike concerns. Most major cryptocurrencies followed equities higher, with only XRP trading in the red.
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U.S. congressman proposes strategic Bitcoin reserve with tax-free treatment
A U.S. congressman introduced legislation establishing a federal Bitcoin reserve and eliminating capital gains tax on the asset, signaling potential shifts in crypto policy. The bill remains in committee.
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Empery Digital sells 1,635 BTC, shrinks liquid reserves to 325 coins
Bitcoin-treasury company Empery Digital sold $102.2 million worth of BTC from July through early August, cutting its liquid reserves to 325 BTC as collateral demands and planned investments strain cash reserves.
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XRP Ledger Volume Drops 90% From Peak, Signals Normalization
XRP Ledger's daily payment volume collapsed from over 600 million XRP on August 7 to near-baseline levels by August 9, a 90% decline. But the drop reflects abnormal peak normalization rather than loss of core transaction demand, analysts say.
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Microsoft reveals GitHub Copilot infrastructure gaps in 13.5M sessions
Microsoft Azure Research and the University of Illinois Urbana-Champaign analyzed 13.5 million Copilot sessions spanning one week in June 2026, identifying critical inefficiencies in KV-cache reuse, retry cascades, and idle time that challenge current AI infrastructure assumptions.
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US Spot Bitcoin ETFs Post Best Week Since April With $1B Inflows
US spot Bitcoin ETFs attracted roughly $1 billion in net inflows for the week ending Saturday, marking their strongest showing since April and third-best performance since October, signaling renewed institutional demand after months of uneven flows.
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Senate Sets September 15 Vote on Clarity Act Crypto Bill
Senate Majority Leader John Thune filed a motion to proceed on the Clarity Act early Saturday, scheduling the first procedural vote for September 15. The bill would establish regulatory jurisdiction between the SEC and CFTC, but Republicans still need roughly six Democratic votes to reach the 60-vote threshold.
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Team Liquid advances to EWC 2026 playoffs with dominant 2-0 sweeps
Team Liquid secured playoff advancement at the Esports World Cup 2026 Open Qualifier by defeating Dhala and Metizport without dropping a map, setting up a high-stakes run at the $2 million main event.
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Bitcoin at $65K crossroads as Fed rate bets and Hormuz tensions collide
Bitcoin traded near $65,000 heading into the weekend amid conflicting macro signals: weaker-than-expected US jobs data cut September rate-hike odds to 44%, while geopolitical tensions around the Strait of Hormuz pushed oil higher and fueled volatility expectations.
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Australian Mining Stocks Post Biggest Weekly Gain Since September 2024
Australian mining stocks surged to their strongest weekly performance since September 2024, driven by rising copper and gold prices that boosted investor confidence across the sector.
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Bitcoin fork replay-attack risk: BIP-110 could drain real BTC
A potential Bitcoin chain split triggered by BIP-110 activation could enable replay attacks that drain real bitcoin from holders who sell fork-chain coins, according to developer Kevin Loaec. Miner signalling remains low at 2.6%, but the risk persists until the chains can be cryptographically separated.
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Switch files confidentially for US IPO, targets $80 billion valuation
Switch, a Las Vegas data center operator, has confidentially filed for a US IPO with potential listing by November 2026, seeking to raise as much as $10 billion at an $80 billion valuation as demand for AI-optimized infrastructure accelerates.
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Formlabs explores IPO with advisers as 3D printing company eyes public markets
Formlabs, a Somerville-based 3D printing company valued at $2 billion, is in discussions with potential advisers to prepare for an initial public offering. The company reported over $250 million in annual revenue and positive free cash flow in 2025.
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Harvey and EngramLab Release 100M-Token Synthetic Legal Dataset
Harvey and EngramLab released an open-source synthetic dataset containing over 100 million tokens to train AI agents on legal work, addressing confidentiality barriers while preserving institutional knowledge of law firms.
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Anthropic cuts classifier overhead fees for Claude Code users
Anthropic lowered classifier overhead fees for Claude Code users effective August 7, 2026, reducing a cost layer that previously added 15% to 28% on token expenses during Auto Mode and safety-checked sessions.