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In brief Sen. Bernie Sanders pledged in an X post to introduce legislation targeting Flock Safety, opening with “STOP FLOCK. STOP AI MASS SURVEILLANCE” and warning that unchecked tracking technology risks steering the country toward totalitarianism. He said Flock has installed more than 120,000 AI cameras scanning 20 billion vehicles monthly across 6,000-plus communities, and that newer models can combine images with databases of phone numbers, relatives and court records to identify people. Sanders joins a bipartisan backlash, including Rep. Thomas Massie’s planned funding-cutoff bill and canceled contracts from Los Angeles to Indiana. Sen. Bernie Sanders is taking aim at…

Bitcoin (BTC) is reclaiming several key technical levels that historically signal the end of bear markets. The pseudonymous analyst Skyodelic says strong points already reclaimed include the $67,000 local structure, $74,400 higher-timeframe structure, the 1D 200 SMA (simple moving average) plus EMA (exponential moving average), the one-week 50EMA, and the one-day RSI (relative strength index) hitting 85-plus. Remaining hurdles for full confirmation include a weekly close above the 1W 50SMA at $82,000, the 1W Supertrend at $79,000, a higher low above $82,700, and a monthly higher high above $76,463. “At this stage, Bitcoin has put in 80% of the data…

In brief Galaxy Research data shows Bitcoin’s oldest cohort—coins dormant for a decade or more—stirring more prominently in 2026 than in most prior years, even though the year is only part way through. Six wallets dormant since 2011, 2012 and 2014 moved a combined 553.59 BTC (~$40.15 million) between Aug. 16 and 26, including a 40 BTC wallet last touched in May 2012. The awakenings come amid a choppy market: Bitcoin fell to $76,877 Friday after Fed Chair Kevin Warsh’s hawkish Jackson Hole keynote lifted September rate-hike odds to ~56%, though $2.8 billion in eight-day ETF inflows and bullish Myriad…

Armada Acquisition Corp. II shareholders will vote Sept. 30 on Evernorth Holdings’ Nasdaq merger, which would give the XRP treasury firm authorization for up to 10 billion shares as it targets growth in XRP per share.According to a filing with the US Securities and Exchange Commission (SEC), the proposed charter would authorize 7.4 billion Class A shares, 100 million Class B shares, 2.4 billion Class C shares, and 100 million preferred shares.The transaction itself covers up to about 34.5 million Class A shares and 11.5 million warrants, leaving Evernorth with substantial unused capacity after the combination closes.That capacity sits at…

In brief AI cloud revenue reached $70.5 million in the fiscal fourth quarter, surpassing Bitcoin mining revenue for the first time. IREN reported a $684 million quarterly loss, including $450.4 million in asset impairments. Of IREN’s $4 billion in contracted annualized run-rate revenue, $1 billion was operating as of Aug. 26. IREN shares fell more than 8% after the Bitcoin miner turned AI data center operator reported a $684 million loss in its fiscal 2026 results.The stock dropped 8.2% in after-hours trading Thursday to $37.19, after closing at $40.53.Myriad: Bitcoin next price move? Click to make your prediction.AI cloud services…

In brief BitGo acquired NYDIG’s institutional trading business in a two-step merger worth about $42.5 million. The deal adds derivatives, structured products, financing and capital-markets solutions serving asset managers, hedge funds and family offices, complementing BitGo’s custody, settlement, and wallet infrastructure. For NYDIG, the sale sharpens its focus on power generation, Bitcoin mining and HPC data centers. BitGo has acquired the institutional trading business of NYDIG, adding derivatives, financing and capital-markets capabilities as the digital-asset infrastructure firm builds out its offerings for professional clients.The NYSE-listed company said Wednesday it entered into a definitive agreement and completed the deal, folding in…

Walmart is settling a federal lawsuit by paying $50 million over allegations that its pharmacies illegally filled thousands of invalid prescriptions for opioids and other controlled substances. The Justice Department and the Drug Enforcement Agency accuse the retailer of violating the Controlled Substances Act at its roughly 4,600 pharmacies by ignoring red flags including dangerous drug combinations, excessive or early refills, and prescriptions from suspected pill mills. The complaint alleged that Walmart’s compliance team knew of the issues yet allowed the dispensing to continue. In addition to the payment, Walmart entered a memorandum of agreement with the DEA that requires…

In brief Schwab plans to add Solana, Avalanche, and Chainlink trading “in the coming months.” Schwab Crypto began rolling out with Bitcoin and Ethereum in May. Eligible clients pay a 0.75% fee on each crypto trade. Financial services giant Charles Schwab said Thursday that it plans to add Solana, Avalanche, and Chainlink to its crypto trading platform “in the coming months,” expanding beyond Bitcoin and Ethereum, though it did not give a launch date.The additions come about three months after Schwab began rolling out direct Bitcoin and Ethereum trading to select retail clients. Before then, customers could get crypto exposure…

The Justice Department is revising its statements on a Chinese state-sponsored hacking operation to clarify that listed government agencies were targets rather than confirmed victims. The department says it edited an August 26th press release after the original version described agencies including NASA, the Federal Reserve, the U.S. Senate, the Department of Energy, the Department of Justice, the Department of Health and Human Services and the National Institutes of Health as victims. The updated statement now calls them “among the targets of QTFY,” a People’s Republic of China state-sponsored group. A note on the Justice Department page explains the reason…

In brief Fed Chair Kevin Warsh dedicated a full section of his Jackson Hole keynote to artificial intelligence, calling the current moment a “hinge point in history.” Warsh said annualized sales at the two leading AI labs now top $100 billion, an increase of more than 500% from a year earlier, and confirmed the Fed now treats AI as “potentially a new factor of production.” Warsh flagged that he’s watching AI’s “second derivative”—whether capital-spending growth is still accelerating. Kevin Warsh’s first Jackson Hole keynote as Federal Reserve chair made headlines mostly for what he refused to say about interest rates.…

President Trump is announcing a historic oil agreement that gives the United States majority control over more than 65 billion barrels of proven Venezuelan reserves. The deal was negotiated at his direction by top officials with Venezuelan interim leadership and private partners, reports BBC. It grants the US 55% effective output in a new joint venture oil company. President Trump addressed the agreement on social media. “At my direction, Secretary of State Marco Rubio, and Secretary of War Pete Hegseth, working closely with Highly Respected Interim President of Venezuela, Delcy Rodriguez, and, through a partnership with private business, have secured…

In brief Cities in Texas, North Carolina, Kentucky, and New Jersey have pursued bans or moratoriums on data centers. Power plants serving data centers in seven states withdraw about 3.4 trillion gallons of freshwater annually. At least 75 proposed projects worth about $130 billion faced local opposition in early 2026. Cities across the U.S. are restricting AI data center development as communities raise concerns about water supplies, electricity costs, and land use.Austin, Texas, became the latest city to act Thursday, when its City Council voted unanimously to begin drafting rules that could restrict or exclude new data centers.Myriad: How many…

In brief The SEC declared effective Evernorth’s Form S-4 registration statement on August 27, clearing Armada Acquisition Corp. II to schedule a shareholder vote on their merger. Armada shareholders of record as of August 20 will vote on the deal September 30; investors seeking redemption must file by September 28. Evernorth aims to become the largest publicly traded XRP treasury, but the roughly $947 million it spent on XRP last October is now worth hundreds of millions less. The Securities and Exchange Commission has cleared a path for Evernoth Holdings, an XRP treasury company, to list on the Nasdaq.The SEC…

In brief Meta is testing robots that can swap cables, restart servers, and inspect equipment. Some workers fear the machines will reduce staffing or shift technical work to lower-paid roles. The robots remain slow and require human assistance. Meta is testing robots to maintain the data centers powering its artificial intelligence systems, including machines that can replace networking cables, restart servers, and inspect equipment.According to a Friday WIRED report, Meta is testing robots from San Francisco-based Watney Robotics, Quebec-based Kinova, and Zurich-based ABB that could reduce labor costs—and potentially staffing—as its AI infrastructure expands.Myriad: How high will Nvidia go? Click…

Bitcoin slid Friday afternoon, cooling down after a phenomenal run following huge investment from U.S. ETF buyers.  The leading cryptocurrency was trading for $77,379 on Friday afternoon in New York after dropping more than 3% over a 24-hour period.  Bitcoin hit a high this week of $81,281 but slowed down after Federal Reserve Chair Kevin Warsh gave his first major speech as head of the central bank — saying on Friday that he had “more work to do” to fight inflation.  The Bitcoin price has in the past dropped when the Federal Reserve thinks inflation is too high because it…

In brief Bitcoin dropped as low as $76,877 on Friday after Fed Chair Kevin Warsh’s hawkish Jackson Hole keynote, confirming the resistance zone flagged earlier this week. September rate-hike odds jumped to roughly 56% from about 35% a day earlier after Warsh said the Fed still has “work to do” on inflation. Myriad traders are still pricing Bitcoin’s next major move at 77% for $84,000 versus 23% for $55,000, largely unmoved by Friday’s selloff. Bitcoin fell as low as $76,877 on Friday, giving up most of a double-digit weekly gain after Fed Chair Kevin Warsh’s first Jackson Hole keynote warned…