Federal Reserve Bank of Chicago President Austan Goolsbee said late Wednesday that inflation has fallen but it is still too high. Key quotes Inflation has decreased but it is still excessive. Once inflation falls, rates can fall more. Market reaction At the time of writing, the US Dollar Index (DXY) is trading 0.13% lower on the day … Read more
Charles d’Haussy, CEO of the dYdX Foundation, predicts the DeFi will start to boom in September and will have more entry points for new users than ever.
The SEC’s recent strategy of delaying key crypto lawsuits indicates a significant shift in its enforcement approach, particularly in high-profile cases. The legal landscape surrounding cryptocurrencies is increasingly uncertain as internal changes within the SEC may lead to strategic shifts in ongoing litigation. According to a recent statement by industry expert Eleanor Terrett, “The SEC … Read more
Coinbase is pushing Congress to pass legislation that provides regulatory clarity for the cryptocurrency industry, arguing that inaction leaves consumers vulnerable and drives innovation overseas. In a two-page statement, Coinbase Chief Policy Officer Faryar Shirzad emphasized the urgent need for a framework that fosters responsible innovation while protecting investors. Shirzad highlighted that blockchain technology and … Read more
Crypto leaders are rallying behind Elon Musk’s DOGE initiative, offering bold suggestions to curb SEC overreach, demand accountability, and push for pro-crypto regulatory reforms. Crypto Industry Challenges SEC Amid DOGE Initiative Crypto industry leaders, including executives from Coinbase and Ripple, have responded to the Department of Government Efficiency (DOGE), an initiative led by Elon Musk, … Read more
SynFutures has launched its on-chain AI framework, codenamed SAI. This initiative aims to revolutionize user interactions within the DeFi ecosystem by introducing automation and simplification for both traders and developers. The inaugural product of this framework, Synthia, an AI-driven trading agent, is now operational. A Three-Phase Roadmap to AI-Driven DeFi The SAI framework is structured … Read more
Elon Musk’s xAI just dropped Grok-3, and it’s already shaking up the AI world, riding the wave of an arms race sparked by DeepSeek’s explosive debut in January. At the unveiling, the xAI crew flaunted hand-picked, prestigious benchmarks, showcasing Grok-3’s reasoning prowess flexing over its rivals, especially after it became the first LLM to ever … Read more
Bitcoin (BTC) faces a tipping point as institutional sell-offs clash with emerging bullish sentiment among retail investors. The recent market dynamics indicate that while sell-offs have intensified, significant accumulation efforts from long-term holders could reshape the price trajectory. According to CryptoQuant, one address linked to over-the-counter (OTC) trades has amassed over 28,000 BTC, demonstrating deepening … Read more
Over 13,000 investors in the LIBRA memecoin endorsed by Argentine president Javier Milei lost a combined $251 million, according to blockchain research firm Nansen.
US President Donald Trump has floated the idea of giving Americans a portion of the savings made from DOGE’s sweeping cost-cutting crusade.