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In brief The UK’s Treasury Committee warned regulators are leaning too heavily on existing rules as AI use accelerates across financial services. It urged clearer guidance on consumer protection and executive accountability by the end of 2026. Observers say regulatory ambiguity risks holding back responsible AI deployment as systems grow harder to oversee. A UK parliamentary committee has warned that the rapid adoption of artificial intelligence across financial services is outpacing regulators’ ability to manage risks to consumers and the financial system, raising concerns about accountability, oversight, and reliance on major technology providers.In findings ordered to be printed by the…
In brief Bitcoin has found a footing after Monday’s liquidation-driven drop, holding within a narrow trading range over the past 24 hours. Options markets show rising demand for downside protection, signalling expectations of continued near-term volatility. Investors are weighing trade tensions, regulatory delays and upcoming court decisions as potential catalysts for broader risk repricing. Bitcoin’s long-term price outlook remains technically constructive despite Monday’s sharp reversal, according to some analysts, as durable ETF flows offset short-term volatility.The top crypto has stabilized around $92,000 and has remained little changed over 24 hours, according to CoinGecko data. The recovery follows Monday’s sell-off, driven…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin’s network power dipped this week, falling back under the one-zettahash mark after several months above it. Reports show the seven-day average hashrate near 993 EH/s, a clear pullback from last year’s highs. Hunger For Power Reports say big AI data centers are buying long-term power contracts and willing to pay more for steady, round-the-clock electricity, pushing some miners to cut or shift operations. This competition has changed who gets the cheapest power on the grid. Some publicly traded miners are closing deals to lease space to…
In brief OpenAI will test ads on ChatGPT’s free and $8/month Go tiers in the U.S. within weeks. The company lost $8 billion in 2025 and projects $74 billion in losses by 2028. ChatGPT’s market share dropped from 87% to 65% in the last year as Google Gemini surged. Remember when Sam Altman said ads in AI were “uniquely unsettling” and a “last resort?” Well, a year and a half later, OpenAI is gearing up to roll out advertisements to ChatGPT.The company announced on Friday that it will start testing ads in the U.S. within weeks. Free users and subscribers…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Market analysts have often discussed the wealth-building potential of XRP, and a recent statement by a crypto pundit has renewed this conversation. According to Austin, owning 10,000 of the altcoin could position investors well ahead of the profit curve, underscoring his confidence in the cryptocurrency’s long-term growth potential. What Holding 10,000 XRP Means For Investors Crypto expert and maxi, Austin (@Austin_XRPL), recently caused a stir on X by stating that owning 10,000 XRP essentially makes an investor “pre-rich.” His statement highlights the token’s significant growth over the…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure XRP’s presence on Binance has undergone a dramatic contraction over the past year, with exchange-held reserves dropping by roughly 45%. This sharp decline has shifted attention away from short-term price fluctuations and toward a deeper structural change in how XRP supply is being managed on the world’s largest crypto exchange. The scale and persistence of this crash raise a central question: why is XRP disappearing from Binance, and what does this mean for the market going forward? Binance’s XRP Reserves Collapse Signals A Structural Supply Shift Over…
Bitcoin could emerge as a long-term winner if global authorities confirm the existence of non-human intelligence, even if the immediate fallout triggers a severe financial shock.Over the weekend, reports emerged that Helen McCaw, a former senior analyst at the Bank of England, urged Governor Andrew Bailey to consider contingency planning for a scenario in which the US government, or another credible authority, releases definitive evidence that humanity is not alone.In her analysis, the risk is not just market chaos. It is a fast-moving confidence shock that could propagate from asset prices into the plumbing of everyday life, potentially causing bank…
In brief Bitcoin dropped to about $93,000, falling back below the EMA50 and putting its recent golden cross at risk of invalidation. The global crypto market cap stands at $3.15 trillion, down 2.38% in 24 hours. On Myriad Markets, 82% of the money is betting on Bitcoin pumping to $100K before it can dump to $69K. The brief spark of optimism that lifted Bitcoin above $97,000 last week appears to be fizzling out. BTC was recently trading at $93,192, erasing the gains that had traders hoping for a potential trend reversal.The pullback comes amid a broader risk-off move across markets.…
In brief Restaurant chain Steak ‘n Shake said it has added $10 million in Bitcoin exposure. The company previously established a Bitcoin reserve and is holding all BTC payments made to its business. Steak ‘n Shake began accepting Bitcoin payments last year and has credited the move with boosting sales. American restaurant chain Steak ‘n Shake said that it has added $10 million worth of Bitcoin exposure, once more crediting the top crypto asset with helping to drive growing same-store sales after the brand began accepting BTC payments last year.“Eight months ago today, Steak n Shake launched its burger-to-Bitcoin transformation…
Bitcoin Price Weekly Outlook Well, the bitcoin price action was looking quite bearish after last week’s close, but the bulls managed to maintain the bullish structure around the $90,000 level and made that push up to $98,000 resistance. The price retreated from there and closed the week out at $93,638. Expect the bulls to take another run at the $98,000 resistance level this week and aim for the upper end of this resistance zone at $103,500 if they can sustain price action above $98,000. Early in the week, support at $91,400 may be tested and must hold for the bulls…
In brief A database migration issue on perps decentralized exchange Paradex led to the price of Bitcoin showing as $0, forcing a liquidation cascade. The issue required a chain rollback to revert to its last normal state before the glitch took effect. Service has since been restored and user funds are safe, according to the exchange’s status page. The price of Bitcoin dropped to $0 on perps decentralized exchange Paradex overnight, according to numerous users, after a database migration issue affected the Paradex blockchain, its block explorer, bridge, and API. An issue was first flagged on the Paradex status page at…
Bitcoin pricing in 2026 may hinge on officials and executives who set dollar liquidity, US market access, ETF distribution, stablecoin settlement capacity, and exchange venue rules, based on a market-structure framework that prioritizes chokepoints over social reach.The scale of each chokepoint is measurable in flows, assets, and supply, which makes a short watch list practical for traders and allocators tracking what can change the investable boundary of crypto.Here’s who is in charge at each of the chokepoints.Federal Reserve Chair Jerome Powell, whose rate path and shifting cut expectations can rapidly swing risk appetite.SEC Chair Paul S. Atkins, who influences how…
In brief The New York Stock Exchange is developing a blockchain-based tokenized stocks trading platform. The platform would allow for trading of traditional tokenized equities as well as native tokenized equities. The launch is subject to regulatory approval. The city that never sleeps may soon have a stock exchange that runs all night, powered by blockchain.The New York Stock Exchange, operated by Intercontinental Exchange (ICE), announced Monday that it is developing a blockchain-based trading platform for tokenized securities—one that would operate with instant settlement 24 hours a day, seven days a week.“For more than two centuries, the NYSE has transformed…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin’s price action in recent days has shifted from controlled upward momentum to rejection in the past 24 hours. After failing to hold above $97,000 last week, Bitcoin has rolled over with expanding downside momentum, printing consecutive indecisive bearish candles on the daily timeframe. An interesting view was laid out in a recent technical analysis shared on X by a crypto analyst known as Guru, who argued that what many traders mistook for consolidation was, in fact, a late-stage distribution phase for Bitcoin. Rejection At The Range…
In brief South Korea’s customs authority has dismantled an alleged crypto laundering operation accused of moving an estimated 149 billion won using crypto and bank accounts. Prosecutors have not disclosed arrests, asset seizures, or whether charges have been filed. The case reflects South Korea’s enforcement-led oversight of cross-border crypto flows, Decrypt was told. South Korea’s customs authority has dismantled an alleged cryptocurrency laundering operation involving funds worth over $101 million.Three Chinese nationals have been referred to prosecutors after the Korea Customs Service uncovered an alleged crypto laundering scheme that moved funds across national borders, according to a report from Yonhap…