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Meta builds AI spending controls after usage spike
A centralized AI monitoring and spending control system is under development at Meta after the company realized it was spending more internally on AI than anticipated. The decision shows that companies are thinking about whether the returns from AI justify the cost involved. The company has sent out a memo to some 6,000 employees detailing...Cryptopolitan
Sat, Jun 13
CFTC and states clash again over Kalshi’s sports markets
New Mexico is facing a lawsuit from the Commodity and Futures Trading Commission (CFTC) for attempting to enforce state gaming rules on federally regulated contract markets. The agency is intensifying a growing legal battle over whether federally regulated prediction markets can offer sports-related event contracts without complying with state gambling laws. The case is the...Cryptopolitan
Sat, Jun 13
US government forces Anthropic to shut down its most powerful AI models over security fears
Anthropic disabled its two top-performing AI models on Friday, June 12 following an export control order from the U.S. Department of Commerce. It was an unusual instance of a government interfering with commercialization of frontier AI technology. U.S. Commerce Secretary Howard Lutnick ordered Anthropic CEO Dario Amodei at 5:21 p.m. ET on Friday to restrict...Cryptopolitan
Sat, Jun 13
Anthropic’s vertical software push rattles enterprise AI partners and sinks design stocks
Since February 2025, Anthropic has launched 13 vertical AI products and has stopped consistently warning business partners before releasing tools that compete with them. The shift has hit design and enterprise software companies hard. Figma is down about 50% year to date, raising fresh questions about how AI model providers will coexist with the companies...Cryptopolitan
Sat, Jun 13
State attorneys general open sweeping investigation into OpenAI, threatening product roadmap ahead of IPO
An alliance of U.S. state attorneys general is investigating OpenAI, issuing the company an expansive subpoena on Friday, June 12. The states are seeking documents on OpenAI’s advertising policies, user interactions, data management, and product use by children and older users. The investigation, led by New York’s attorney general, could force new scrutiny on how...Cryptopolitan
Sat, Jun 13
CZ calms users as Binance scraps $557M SpaceX token offering and begins refunds
Binance CEO Changpeng “CZ” Zhao has commented on the abrupt halt of the exchange’s long-awaited space-themed listing. He assured customers’ security is at the top of their list. The decision comes after Binance and other crypto exchanges, including Bybit and Bitget, failed to secure enough SpaceX-related shares to back tokenized exposure products tied to the...Cryptopolitan
Sat, Jun 13
Google sues Chinese AI phishing ring as FBI seizes domains and $100,000 in Operation Ghost Hook
A federal lawsuit was filed by Google on Friday against a China-based cybercrime network which, officials claim, used Google’s Gemini AI to conduct a phishing campaign that is now linked by the FBI to 3.87 million stolen credit cards and a total $1.9 billion in losses since July 2023. The network, which Google calls “Outsider...Cryptopolitan
Sat, Jun 13
Zuckerberg admits Meta made 'mistakes' on its AI transformation, promises stability after layoffs
Mark Zuckerberg confirmed in an internal memo that Meta’s broad AI reorganization was “disruptive” for many employees and said that further layoffs are not expected company-wide in 2026. He promised an increased sense of stability following a year of the company’s 10% reduction of its workforce and tens of thousands of employees shifting into new...Cryptopolitan
Fri, Jun 12
MIM stablecoin drops to $0.87 as algorithmic dollar tokens keep losing their pegs
Abracadabra’s MIM stablecoin took a major reputation and valuation hit today June 12 as it fell as low as $0.87 across multiple chains. The dollar-pegged token’s slide adds to a growing list of algorithmic dollar tokens that have failed to hold their $1 target when liquidity dried up. The depeg on Arbitrum was flagged by...Cryptopolitan
Fri, Jun 12
Blockworks acquires Messari, merging two of crypto's largest data platforms
Blockworks announced today that it acquired Messari, combining two rival crypto data and intelligence businesses into a single platform that covers more than 40,000 digital assets. Blockworks’ acquisition came after it completed a Series A extension at a $192 million valuation. The deal represents the company’s first major financial commitment to expanding its business by...Cryptopolitan
Fri, Jun 12
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