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In brief China’s Z.AI released a major open-source image model that was trained entirely on Huawei chips. It uses a hybrid autoregressive-diffusion design that boosts text accuracy and spatial control. The release signals China’s push toward AI self-reliance without U.S. GPUs. Chinese artificial intelligence firm Z.AI on Wednesday released an open-source image generation model trained entirely on Huawei processors, marking the first time a major AI model has completed its full training cycle without relying on American hardware.The move highlights a potential long-term challenge to Nvidia’s dominance in AI chips, since it shows that one of China’s top AI companies…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Russia is preparing a transition in their crypto market regulations, with a new draft bill expected to reach the State Duma during the spring 2026 parliamentary session. The proposal, led by Financial Markets Committee chairman Anatoly Aksakov, would remove digital assets from the country’s “special financial regulation” category and allow wider participation in crypto markets. While the move signals broader acceptance of crypto in everyday finance, it also introduces clear risk limits. If approved, the legislation would represent one of Russia’s most significant policy changes regarding digital…
In brief Chainalysis estimates crypto scams generated over $17 billion in losses for 2025. Impersonation scams grew more than 1,400% year over year, driven in part by AI tools. AI-enabled scams generated 4.5 times more revenue per operation than traditional scams. In 2025, crypto scams became faster, more convincing, and more profitable as artificial intelligence and impersonation tactics pushed estimated losses to a record $17 billion, according to a new report by blockchain analytics firm Chainalysis.The sharp increase reflects not just more scams, but more effective ones. According to Chainalysis’ report released Tuesday, the average scam payment rose to $2,764…
In brief Sui blockchain suffered a six-hour outage, the second major incident since 2023 launch. The network was fully restored by 4:30 p.m. ET, with a full incident report coming soon. The SUI token was barely affected, trading at $1.85 with minimal price impact. The Sui blockchain has recovered from an outage that lasted nearly six hours, knocking the layer-1 network out of commission without any new blocks being produced during that span.The network’s X account said Wednesday morning that Sui was experiencing a “network stall,” and that “the Sui Core team is actively working on a solution.”A few hours…
BitMine, the largest corporate holder of Ethereum, has successfully staked 1.53 million ETH, a position valued at more than $5 billion.This massive allocation captures approximately 4% of all staked ETH and has effectively forced the network into a new phase of institutional stress testing.Consequently, the total amount of Ethereum locked in the blockchain’s beacon chain has pushed to a fresh all-time high of more than 36 million ETH. Notably, this figure accounts for nearly 30% of the network’s circulating supply. Related ReadingEthereum’s crash just exposed a $4B time bomb — why regular investors should pay attentionAs Ethereum’s price falters, BitMine…
In brief Coinbase abruptly pulled support for the Senate crypto market structure bill hours before a key Banking Committee vote. Coinbase CEO Brian Armstrong called the legislation “worse than the status quo.” The company has been fighting the banking lobby this week on provisions in the bill regarding stablecoin rewards. With less than 24 hours to go until a make-or-break vote on the crypto industry’s long-coveted market structure bill, America’s most powerful crypto company has abruptly pulled its support for the legislation.Coinbase CEO Brian Armstrong announced Wednesday afternoon that the company—one of the industry’s most influential players in Washington—is pulling…
Coinbase CEO Brian Armstrong said the exchange cannot support the Senate Banking Committee’s latest draft of the CLARITY Act, warning that the bill, as written, would leave the U.S. crypto industry worse off than the current regulatory status quo. In a post on X, Armstrong cited several concerns, including what he described as a de facto ban on tokenized equities, new restrictions on decentralized finance that could grant the government broad access to users’ financial data, and provisions that weaken the Commodity Futures Trading Commission while expanding the Securities and Exchange Commission’s authority. “After reviewing the Senate Banking draft text…
In brief Bitcoin mining stocks rally as BTC topped $97,000, hitting its highest price since November. Crypto treasury firms like Strategy and BitMine also rose on the day. Institutional interest is growing with accelerating ETF inflows and on-chain accumulation. Bitcoin mining and high performance computing firms like Bitdeer, CleanSpark, and Riot Platforms were the main stock market beneficiaries as Bitcoin jumped above $97,000 Wednesday afternoon.Singapore-based Bitdeer, a Bitcoin mining and AI services firm, rose more than 15% to $14.76 y the end of the trading day. Bakkt, which earlier this week announced that it’s acquiring a stablecoin services firm, finished…
In brief North American Bitcoin mining pools saw a decline in block share last year. The shift has been bolstered by demand for AI infrastructure. China’s energy build-out may be contributing as well. America’s grip on Bitcoin mining is slipping as firms race to build out infrastructure for artificial intelligence, providing an opportunity for countries like China—despite U.S. President Donald Trump’s vision for technological dominance.In 2025, North American pools, where miners combine computing power to better their chances of solving a block and obtaining the block reward, saw a consistent decline in block share, or the percentage of total Bitcoin…
Bitcoin’s price rallied above $95,000 during the last 24 hours, signalling a definitive shift in market structure rather than a simple volatility spike.According to CryptoSlate’s data, the top crypto rose by more than 3% to reach a high of over $96,000, its highest price level since mid-November. BTC has retraced to $95,028 as of press time.Trading firm QCP Capital described this situation as a “Goldilocks environment” in which the US job market remains robust, and inflation appears stable.According to a note from the firm, risk appetite is returning across the board, lifting equities, precious metals, the dollar, and digital assets…
Pump & Memes HEATING up! XMR vs ZEC! How important are these rate cuts? – Under ExposedCrypto majors are green; BTC +1.5% at $92,000; ETH +1% at $3,130, SOL +2% at $142; XRP +1% to $2.06. DASH (+60%), IP (+30%) and XMR (+13%) led top movers; XMR hit another new ATH at $680 (now $640). Gold and Silver hit new ATHs again in the wake of the Powell investigation. The US Senate released the draft Crypto Market Clarity Act, including limits on stablecoin rewards. Senator Warren pressed the SEC over inclusion of crypto in 401ks arguing they expose retirees to…
After months of legislative negotiation and industry scrutiny, the Digital Asset Market CLARITY Act is moving toward a critical juncture on Capitol Hill this week as Senate committees align timelines and prepare some key markups that could finally break the deadlock on U.S. crypto regulation. The Senate Banking Committee released an amended draft of the CLARITY Act ahead of a scheduled markup and amendment debate, while the Senate Agriculture Committee set its own markup for late January.Earlier today, Senate Republicans on the Banking, Housing, and Urban Affairs Committee released a series of fact sheets this week detailing the Act. The…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure United States President Donald Trump’s family-backed crypto firm has applied for a national trust bank charter, and one of the Senate’s most vocal financial critics wants regulators to stop the process until the President severs his financial ties to the venture. According to filings and public statements, the firm aims to use the charter to issue and manage a dollar-pegged stablecoin called USD1, which has grown quickly since launch. Warren Raises Conflict Concerns With The OCC US Senator Elizabeth Warren sent a formal letter to Comptroller Jonathan…
In brief Bitwise Asset Management launched a Chainlink ETF on the NYSE Arca on Wednesday. It’s the second spot Chainlink ETF to hit U.S. markets following Grayscale’s product debut in December. LINK was recently trading for $14.25, its highest price in a month. Bitwise Asset Management launched its Bitwise Chainlink ETF on NYSE Arca Wednesday, making it the second LINK-based spot ETF to trade in the U.S.At the time of writing, Chainlink is trading for $14.25—the highest it’s been in the past month—after having gained almost 5% in the past day, according to crypto price aggregator CoinGecko.In a press release,…
The Zcash Foundation said on Wednesday that the U.S. Securities and Exchange Commission has ended a probe into the nonprofit organization without recommending enforcement action.In a blog post, the Virginia-based organization said that it had been alerted to a review by the regulator in August 2023, which pertained to the offering of digital assets. At the time, the SEC was led by former chair and crypto critic Gary Gensler.The Zcash Foundation said that the review’s outcome, where charges weren’t recommended against the organization, underscores its “commitment to transparency and compliance with applicable regulatory requirements.”The organization said that it remains focused…