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In brief XRP is trading around $1.00, clinging to the dollar price line it’s defended since Trump’s 2024 win. The daily chart is bearish, and the weekly chart is now converging. With XRP deep in oversold territory, will it give holders a bounce? Crypto is grinding through what can be considered an extended bear market with no confirmed bottom in sight. Bitcoin is down more than 3% this week and stuck below $64,000, while Ethereum is struggling to hold onto $1,900, with traders still debating when this slide actually ends.Wall Street is having a completely different Monday. The S&P 500…
The U.S. Department of the Treasury is moving fast with crypto regulation, with the government body asking for public comment on the landmark GENIUS Act. In a Monday announcement, the Treasury said that it was welcoming input from stakeholders on a proposed rule that would provide clarity to industry regarding who needs a license to issue a stablecoin. President Donald Trump signed the GENIUS Act into law in 2025. The legislation allows banks and other entities to issue stablecoins if they back the tokens with assets like U.S. Treasuries and provide monthly disclosures of their reserves. While the law was…
In brief The SEC abruptly canceled a Friday open meeting that would have launched formal rulemaking on Regulation Crypto Assets, a new framework for crypto fundraising, just three days after announcing it. Sources say Wall Street trade group SIFMA, which has lobbied against broad regulatory exemptions for crypto and tokenized-securities firms, raised the prospect of legal action over the SEC’s statutory authority, contributing to the agency standing down. The policy conversation continues this week with a White House event Wednesday featuring Trump and top crypto executives, the CFTC’s inaugural Innovation Advisory Committee meeting Thursday, and ongoing Clarity Act negotiations ahead…
Bitcoin treasury Strategy has gone another week without buying the leading cryptocurrency — but didn’t sell any this time. The Nasdaq-listed company said Monday in a regulatory filing that it had upped its cash buffer by selling 3,458,866 shares of MSTR common stock to generate $333.7 million. Strategy added $150M to its USD Reserve and repurchased $132M of $STRC, extending USD Duration to 2.8 yrs (+41 days) and tightening STRC BTC Credit to 114 bps (-4 bps). As of 8/16/26: ₿840,447 BTC Reserve; $4.8B USD Reserve. $MSTR https://t.co/kNWPowilmT— Michael Saylor (@saylor) August 17, 2026 Strategy used $52.4 million to pay…
In brief The Netherlands’ NCSC warned of active exploitation of a macOS Screen Sharing vulnerability across systems with port 5900 exposed to the internet, where attackers gained root access and installed Monero mining programs. The flaw stems from faulty state management during authentication, letting network attackers log in without valid credentials The cryptojacking campaign—which quietly mines privacy coin Monero on victims’ hardware—joins a wave of similar schemes. Attackers have been exploiting a vulnerability in Apple’s macOS Screen Sharing feature to seize control of Macs and quietly install cryptocurrency miners, the Netherlands’ national cyber agency warned this week.In an updated advisory,…
In brief Tudor Investment increased its stake in BlackRock’s IBIT to 688,529 shares (~$22.9 million) as of June 30, an 18.9% jump from the prior quarter, reversing a year of selling, per its latest 13F filing. The firm also cut its reported IBIT call options by about 85% while keeping puts roughly flat, suggesting a move from leveraged positions toward straightforward spot exposure—though the stake remains far below its late-2024 peak of over 8 million shares. The buying, from a longtime Bitcoin-as-inflation-hedge advocate, lands amid renewed institutional ETF interest. Tudor Investment, the macro hedge fund founded by billionaire Paul Tudor…
A crypto hardware wallet provider is disclosing an authorization flaw in its order-tracking plug-in that exposed sensitive customer order details. SafePal says the flaw allowed unauthorized external access to names, email addresses, shipping addresses, phone numbers, and purchase details for approximately 39,798 customers who placed orders from March 2nd, 2025, to April 11th, 2026. Information including name, email address, shipping address, phone number, and purchase details, was accessed externally without authorization due to the flaw.” The company says no wallet credentials or financial data were involved or stored. SafePal says it fixed the flaw upon discovery, implemented additional security measures,…
Sono Group’s transition to a Bitcoin-heavy treasury is laying bare the severe financial strain at the core of the restructured company.With its former solar energy subsidiary now spun out as a discontinued operation, the parent company generated zero revenue during the first half of 2026. Instead, Sono has tethered its survival entirely to digital assets.However, an Aug. 14 Form 10-Q filing reveals a stark liquidity mismatch: as of June 30, the company held just $166,000 in cash against $4.11 million in Bitcoin. Related ReadingBitcoin treasury trade faces a stress test as debt pressure triggers sellingCorporate and sovereign BTC holders are…
In brief Gemini 3.7 Flash built a playable browser game from a single prompt in 2 minutes and 13 seconds, a task Gemini 3.6 Flash failed outright three weeks earlier. It failed our bridge logic puzzle with the same wrong answer as Claude Fable 5, and stopped short of actually calculating the math problem it correctly set up. The model runs at 75 cents per million input tokens through December 31, half of 3.6 Flash’s rate, before doubling to $1.50 on January 1. Google shipped Gemini 3.7 Flash on August 13, generally available in more than 160 countries on day…
In brief SB 903 would prohibit companion chatbots from offering psychotherapy. AI could assist clinicians but could not make independent therapeutic decisions. The bill cleared the Assembly Appropriations Committee 13-0 on August 13. California is one step closer to barring AI chatbots from posing as therapists and making mental health decisions without human oversight.Introduced on January 21, Senate Bill 903 cleared the Assembly Appropriations Committee in a 13-0 vote on Thursday and was ordered to a third reading. No date has been announced for the Assembly vote.Myriad: When will OpenAI release GPT-6? Click to make your prediction.“AI algorithms are not…
In brief A Seoul court sentenced Delio chief executive Jeong Sang-ho to 15 years for fraud and for registering as a virtual asset provider using false documents, according to local media. The court ruled evidence seized from Delio’s server host was unlawfully obtained, voiding the primary charge covering 2,800 victims and 250 billion won. He was convicted instead on fallback charges covering roughly 1,100 victims and 70 billion won, about $49 million. The Seoul Southern District Court has sentenced Delio chief executive Jeong Sang-ho to 15 years in prison over the collapse of the South Korean crypto deposit platform, five…
A Georgia man lost $30,000 after scammers allegedly posed as bank and law enforcement officials and convinced him to hand over his savings for “safekeeping.” The Roswell resident reported the incident to police on August 11th after the months-long scheme left him out $30,000, reports Appen Media Group. The fraud allegedly began in July when the man received a call from someone claiming to represent American Express. The caller told him that someone was using a card in his name, then transferred him to people who claimed to be officers with the New York City Police Department. After speaking with…
A Pennsylvania man lost $35,000 after scammers allegedly impersonated federal officials, gained remote access to his computer and arranged for couriers to collect his cash. Lancaster County resident Kevin Eberle was first contacted through a text message claiming he had been charged $340 for a computer protection service, reports WGAL. The message included a phone number to call if he did not recognize the charge. When Eberle called, the person on the other end allegedly offered to reverse the transaction before claiming that additional fraudulent activity had been discovered. Eberle was then given another phone number and a case number…
In brief Twitch has begun letting Amazon use streamer content to train generative AI models, with the setting switched on by default. Chief product officer Mike Minton said it was made opt-out because “if it was opt-in, nobody would opt in.” Turning it off does not stop Twitch using channel content for captions, recommendations, moderation and other AI features. Twitch has started allowing Amazon to train generative AI models on the work of the people who stream on it, with the setting enabled by default.The Amazon-owned platform announced the change on Wednesday as the addition of a control, telling users…