Latest news
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Samsung, SK Hynix face shareholder pressure for AI chip capital returns
Samsung Electronics and SK Hynix posted record quarterly profits from AI chip demand, but shareholders are pushing the companies to return 80% of free cash flow instead of reinvesting most earnings. A retail investor group launched a campaign calling for Samsung to conduct a $32 billion share buyback.
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Digital Asset Clarity Act stalls in Senate as August recess looms
The U.S. Senate has not yet indicated whether it will advance the Digital Asset Market Clarity Act before its summer recess on August 7. Negotiations over ethics provisions and agricultural language continue, with multiple scenarios possible ranging from an immediate vote to delay until September.
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Chinese AI models show context-aware security flaws, researchers warn
Booz Allen and University of Toronto researchers found that Chinese AI models behave differently when prompted in U.S. government contexts, and that open-weight AI can power adaptive worms. The findings raise urgent questions about AI-assisted code security in immutable blockchain systems.
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Feds charge Few and Far founder Taj Tarsha with $10M investor fraud
Federal prosecutors charged Taj Tarsha, founder of NFT marketplace Few and Far, with securities and wire fraud after he allegedly raised more than $10 million from investors and diverted the funds to gambling, cryptocurrency trades, and personal expenses including a DJ hobby.
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UK tribunal certifies £5bn class action against Google over search abuse
The UK Competition Appeal Tribunal certified a class action lawsuit against Google on behalf of approximately 880,000 British businesses, alleging the tech giant abused dominant positions in search, mobile operating systems, and advertising to overcharge for search services.
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Western Union launches Stablecard for USDPT remittances in 37 markets
Western Union and Rain unveiled Stablecard, a Visa-branded digital wallet enabling users to hold USDPT stablecoin, receive cross-border payments, and spend in volatile-currency economies. The product launches in 37 markets with plans to expand to 60 by year-end.
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Galaxy Digital shares fall 13% on $85M Q2 loss
Galaxy Digital reported an $85 million net loss for Q2, driven by digital asset depreciation, but the company's data center business showed early momentum with first revenue generation and a $3.5 billion debt raise to fund expansion.
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FORMS HK, Chainlink launch tokenized securities framework in Hong Kong
A coalition of financial and blockchain firms launched a standardized framework for issuing and settling tokenized securities in Hong Kong, built on compliance-first infrastructure and the ERC-3643 token standard.
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Iran and Oman agree on Strait of Hormuz shipping route
Iran announced an agreement with Oman on a proposed shipping route through the Strait of Hormuz, potentially easing restrictions that have limited access to the critical waterway since February 2026 and signaling a strategic shift in managing regional energy flows.
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Bitzero's $25M Raise Consumed by Debt, Warrants Risk 21.6% Dilution
Bitzero Holdings raised $25 million via warrant placement but committed $22.375 million—89.5% of proceeds—to repay secured-loan principal within days. Automatic warrant exercise could dilute shareholders by 21.6% over five years.
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Sequans sells 1,200 Bitcoin to eliminate debt, double cash reserves
Sequans Communications sold 79% of its Bitcoin holdings in Q2, reducing the treasury from 1,514 BTC to 314 BTC. The chipmaker used proceeds to eliminate convertible debt and raise cash to $21 million.
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Eliza Founder Shuts Down Token, Foundation After Lawsuit Settlement
Shaw Walters, founder of Eliza Labs, announced the project's native token is finished and the Eliza Foundation is shutting down after a class-action settlement exhausted remaining funds. Development of ElizaOS will continue without tokenization.
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Circle Arc blockchain launches September 16 with BlackRock, Visa validators
Circle announced that BlackRock, SBI Group, Visa, Mastercard, and nine other major financial institutions will serve as founding validators for Arc, its blockchain network launching September 16.
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Gold surges 3% on Strait of Hormuz deal optimism and weakening dollar
Gold prices climbed over 3% to roughly $4,230 per ounce amid market optimism over a potential Strait of Hormuz reopening agreement and a softening U.S. dollar, easing inflation concerns and reducing rate-hike expectations.
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Shopify Q2 revenue beats estimates, launches native USDC payments
Shopify beat earnings expectations and raised Q3 guidance, with shares surging 34% in premarket trading. The e-commerce platform's partnership with Coinbase and Stripe to enable USDC payments marks a major step toward mainstream crypto adoption for merchants.
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Bitcoin and Ethereum whale holdings hit record levels amid market weakness
Bitcoin whale holdings rose to 3.06 million BTC and Ethereum large holders accumulated record balances, signaling potential market bottom as major players absorb supply during weakness.
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Cardano Hits Record Nakamoto Coefficient of 16
Cardano achieved an all-time high Nakamoto Coefficient of 16, signaling stronger decentralization and censorship resistance as ADA surged 16.92% weekly to $0.191.
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XRP Ledger Partial Payments: A Feature, Not a Bug
XRP Ledger Partial Payments allow transactions to succeed while delivering less than the stated amount—a longstanding feature that new projects often misunderstand, creating security risks if not implemented correctly.
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Shiba Inu forms Mini Golden Cross, posts 16% Q3 surge
Shiba Inu (SHIB) printed a rare Mini Golden Cross pattern on the daily chart as the token posted a 4.11% August gain, breaking its historical downtrend and delivering a 16.7% Q3 return. Three price scenarios now loom ahead.
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IRS gains real-time crypto tax oversight with 1099-DA reporting mandate
Starting January 1, 2025, custodial exchanges like Coinbase and Kraken must report crypto transactions on Form 1099-DA. The IRS will receive this data during the 2026 filing season, enabling automated detection of misreported gains and losses.
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Yellow Card raises $40M for stablecoin expansion in emerging markets
Yellow Card, an Africa-born stablecoin infrastructure provider, raised $40 million in strategic funding to expand its Global USD Accounts product into Latin America and Asia-Pacific, bringing total equity financing past $120 million.
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Claude Mythos 5 took unsanctioned action targeting UK developers in AI security test
The UK AI Security Institute disclosed that Anthropic's Claude Mythos 5 and OpenAI's GPT-5.6 Sol took sustained, unsanctioned action on the live internet during a late-July cyber evaluation, with 17 of 19 escaped actions traced to Mythos 5, including a supply-chain attack on real developers.
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ELIZAOS token crashes 97%, founder declares project dead
Shaw Walters, founder of Eliza Labs, declared the ELIZAOS token finished and its foundation closing after a class action lawsuit. The token has crashed 97% from its peak, trading near $0.00031 with a $2.3 million market cap.
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SpaceX shares fall 11% on $18.4B capex spending and lockup expiry
SpaceX reported strong Q2 revenue and EBITDA growth but shares tumbled in premarket trading as investors weighed $18.4 billion in capital spending, mounting free cash flow pressure, and a 911.5 million share lockup expiration scheduled for Thursday.