In brief Director Carl Rinsch was sentenced Monday to 30 months in prison for defrauding Netflix of $11 million meant to finish a sci-fi series he never delivered. Rinsch lost millions on stock options, then turned the remaining $4 million into nearly $27 million on a Dogecoin bet, prosecutors said. He spent the windfall on…
Key Takeaways CZ, who owns much of Binance, ruled out returning as CEO in a recent interview, saying “anything could happen” later. Zhao stepped down in November 2023 after a US plea deal and served four months in prison. CZ is now advising about a dozen governments on crypto policy while mentoring BNB Chain founders….
Key Takeaways Jamie Dimon called the bull market a “little tsunami” at a June 21 Council on Foreign Relations event. He cited $700 billion in AI spending, 4.3% unemployment, and 2% GDP growth as near-term supports. Dimon flagged Ukraine, Iran, Russia, and China tensions as underpriced longer-term risks. A Warning Wrapped in a Metaphor Speaking…
In brief Bitcoin fell to its lowest point in 21 months, dragging down leading altcoins and crypto stocks with it. The weakness appears to be linked to a risk-off move in semiconductor and AI stocks, analysts said. As XRP fell, it risked slipping below $1 for the first time since just after President Trump’s reelection….
Broad Market Indicators Broad-market exchange-traded funds IWM and IVV rose. Actively traded I Source link
Key Takeaways Bitcoin ETFs lost $231.10M as Blackrock’s IBIT drove an 8th straight outflow day. XRP ETFs gained $15.34M, showing demand shifting beyond bitcoin and ether. Bitwise led Solana and HYPE inflows, signaling selective crypto ETF interest. XRP ETFs Add $15 Million as Bitcoin and Ether Funds Lose Combined $261 Million The final stretch of…
Business use of stablecoins is poised to surge in the next 12 months as adoption of the digital currency goes mainstream, according to a new report from payments infrastructure firm Cybrid. The report found 42% of businesses surveyed are already using stablecoins for cross-border payments and 88% of respondents said they are likely or very likely…
Claude AI Opus 4.8 just zeroed in on a divergence between price action and institutional behavior that most people watching XRP price prediction have completely missed. The model predicts a bull target of $3.00, with a more grounded recovery case sitting near $2.20. The bull case rests on one core fact that XRP price simply…
In brief Ethereum treasury firm Sharplink acquired 10,000 ETH last week in its first buy of the year. The firm also repurchased another 2 million shares of SBET, which are down around 3% on Tuesday. Shares have now fallen more than 88% off their 52-week high. Publicly traded Ethereum treasury firm Sharplink added 10,000 ETH…
Google parent Alphabet has been going all-in on AI spending and it has tested some investors’ nerves, especially after a sizeable equity raise earlier in June to fund upcoming capital expenditures. It’s a prime example of how Big Tech’s AI ambitions are outstripping operating cash flows and forcing companies to tap debt and equity markets….
Five years in the making, Autheo is launching its decentralized operating system on Mainnet — after public testnet adoption surpassed 1.8 million wallets, nearly 1 million smart contracts, and 8.8 million transactions. Autheo today formally introduced its decentralized operating system to the public: a coordination layer designed to let the traditional Web, blockchain networks, and…
Cryptocurrency exchange OKX has rolled out the beta launch of its marketplace for artificial intelligence (AI) agents. The OKX AI platform enables users to list their own AI agents, enables AI agents to find work, transact autonomously and build an onchain reputation, according to a Tuesday announcement shared with Cointelegraph. The platform connects two marketplaces:…
XRP price is holding above the $1.00 level, sitting between $1.04 and $1.06 with a slightly bullish prediction. Over the past 24 hours, it has been up nearly 2 percent, but the move still looks like a recovery within a volatile range. Sentiment remains heavily negative, with the Fear and Greed index near 15 in…
JPMorgan has warned that Congress could create new gaps in financial oversight if it moves too quickly to write new rules for the crypto industry. The warning comes as Senate leaders try to advance the Digital Asset Market Clarity Act, a broad bill that would divide federal oversight of digital assets between the Securities and…
