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In brief Galaxy launched the GalaxyOne Crypto Portfolio Line of Credit (PLOC) on August 25 for eligible U.S. clients. The revolving line has no origination fee and a variable 8.99% APR, with a 50% loan-to-value ratio. It’s live in 40 states; pledged BTC, ETH, and SOL aren’t rehypothecated, the company says. Galaxy opened retail crypto-backed credit lines on Tuesday. Eligible clients on its GalaxyOne platform can now borrow cash against Bitcoin, Ethereum, and Solana—staked SOL included—without selling a single coin.The product, the Crypto Portfolio Line of Credit (PLOC), invites users to pledge BTC, ETH, and SOL inside one revolving line…
Bitcoin (BTC) is flipping into the early stages of a new bull market regime after a strong rally, according to analytics firm CryptoQuant. CryptoQuant’s Bull Score for Bitcoin jumped from 30 to 80 within a week, marking the most bullish reading since October 2025 when Bitcoin traded at $124,000. Bitcoin climbed roughly 24% since August 17th to reach a high of $80,000. According to the analytics firm, two macro developments fueled the move, including the US Treasury’s plan to double long-term government bond buybacks to at least $4 billion per operation and hints that the US government may consider purchasing…
In brief Bitcoin is holding near $78,000 after a hot PCE inflation reading knocked it back from an $81,000 high, with a $6.4 billion options expiry, Fed Chair Kevin Warsh’s first Jackson Hole speech, and Nvidia earnings all landing within 48 hours of each other. The CME FedWatch tool now prices a 38.4% chance of a September rate hike, down from 82% a month ago, with the Fed’s next decision due September 16. Analysts are split on what comes next, with some calling this the late stage of a bear market bottoming out and others warning of a bull trap…
In brief Nvidia’s quarterly revenue rose 106% year over year to $96.2 billion. Data Center revenue increased 117% to $89 billion. The company disclosed $366 billion in future commitments. Nvidia shares rebounded in after-hours trading Wednesday after initially falling following the chipmaker’s fiscal second-quarter earnings report.The stock closed regular trading down 1.59% at $209.66 before recovering to about $217 after hours, roughly 3.5% above its closing price.Myriad: How high will Nvidia go? Click to make your prediction.Nvidia’s quarterly revenue more than doubled to $96.2 billion, exceeding the $92.27 billion average analyst estimate reported by the Associated Press. Data Center revenue…
In brief OpenAI banned ChatGPT accounts it assessed as very likely originating in Russia. The accounts promoted an ostensible Israeli institute that published copied research under academics’ names. Most posts received few views, though associated Telegram channels had up to 20,000 followers each. A network originating in Russia used ChatGPT to promote an organization that presented itself as an academic institute, according to an OpenAI report published Wednesday.OpenAI said it banned a group of accounts whose operators used Russian-language prompts to generate social media posts and comments, mostly in English. They also instructed ChatGPT to conceal signs that the content…
In the wake of Coldcard’s catastrophic entropy bug, self-custody advocates and experts have begun recommending a new standard, multi-vendor multisignature wallets, an approach that looks to minimize —among other threats— dependency on any single hardware wallet manufacturer. The Coldcard entropy bug that went undiscovered since at least 2021 has taught a hard lesson to the Bitcoin self-custody advocates and users. No matter how legitimate or competent a wallet provider might seem, how well recommended and reputable, a major bug may be possible. As a result, Bitcoiners are questioning old recommendations and assumptions, including many declaring the ‘death of single sig’…
In brief Bill Gates published a nearly 6,000-word essay on Gates Notes calling the AI transition “one of the most turbulent times in human history” He’s proposing a tax on AI tokens and robots to offset the payroll-tax advantage automation already has over hiring. Gates puts a ceiling of roughly 40% of jobs under the most aggressive version of that carve-out. Buy a worker, pay payroll tax. Buy a robot, write it off. Bill Gates thinks the math employers are faced with is a problem.In an essay titled “The turbulent AI era is here. The choices we make now are…
Bitcoin exchange-traded funds have continued their winning streak, attracting billions of dollars in new investment over the past week. U.S. investors have thrown $2.56 billion since last Monday, according to Farside Investors data, helping push the leading cryptocurrency’s price higher. And this week alone, nearly $652 million in fresh cash has hit the products managed by the likes of BlackRock, Morgan Stanley, and Fidelity. Bitcoin was recently trading for $78,302 after jumping nearly 25% over a seven-day period. The coin touched as high as $81,160 on Monday. Bitcoin’s rise comes after a sluggish June and July when it mostly traded…
In brief Thirty-nine state bankers associations formed the BankChain Alliance to develop blockchain infrastructure owned and governed by banks. The proposed network could support tokenized deposits, stablecoins, programmable payments, and automated settlement. The alliance has not selected a technology provider or disclosed its architecture, governance structure, or regulatory framework. Thirty-nine state banking trade groups have formed the BankChain Alliance, a coalition planning a shared blockchain network for community and regional banks.Announced Tuesday, the proposed network aims to support tokenized deposits, stablecoins, programmable payments, and automated settlement for thousands of U.S. financial institutions. It is targeting a 2027 launch but has…
In brief Tokenized deposits could allow customers to move funds more quickly in search of higher yields. A 10% increase in deposit-rate sensitivity could reduce banks’ interest-rate risk capacity by about $700 billion. Banks worldwide are already testing tokenized deposits and round-the-clock settlement systems. Tokenized deposits could enable faster payments but make banks’ funding less stable, according to a report by the Dallas Federal Reserve.The report, published on Tuesday, examines how widespread adoption could affect bank liquidity and maturity transformation—the use of deposits available on demand to finance longer-term loans.Myriad: Crude oil’s next move? Click to make your prediction.“Increasing adoption…
The Securities and Exchange Commission has sent a proposal to the White House aiming to “clarify the framework for the custody of crypto assets” for investment advisers and companies. In a rule change sent Tuesday, the regulator said it wanted to “improve and modernize the regulations” surrounding custody for the crypto space. The proposal comes after a vote was delayed on the long-awaited Clarity Act. Despite the delay, regulators like the SEC and Commodity Futures Trading Commission have said they will still proceed with trying to shape crypto policy. JUST IN: 🇺🇸 SEC has sent a new proposal to the…