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HPC continues US advance with SEC, CFTC perpetual contracts framework push
The Hyperliquid Policy Center (HPC) told the SEC and CFTC on August 24 that cash-settled equity perpetual contracts should be allowed into US markets as “security futures.” Perpetual contracts have become one of the most liquid instruments in global markets; however, to date, US law has not provided a defined answer to the question of...Cryptopolitan
Mon, Aug 24
TAC Protocol stages small recovery after third scare in four months
TAC Protocol’s token rose off its recent all-time low by roughly 53%, following an attack two days earlier that forced validators to halt the chain. The attacker gained access through a gap and emptied a single account before the network was stopped. The team has attributed the flaw to a shared vulnerability in the Cosmos...Cryptopolitan
Mon, Aug 24
XPeng's robot unit raises $900M at $6.3B valuation, led by IDG
Xpeng’s robotics business has raised more than $900 million at a $6.3 billion valuation in a round led by IDG Capital The Chinese EV maker now has the cash to push its IRON humanoid to reach mass production this year. Why is Xpeng making robots if its car business is suffering? The Chinese electric vehicle...Cryptopolitan
Mon, Aug 24
Ceffu’s 120M USDC withdrawal from Ethena puts custody rails in focus
An on-chain transfer has become a hot topic in the crypto world this Monday, August 24. According to blockchain tracker Onchain Lens, institutional custodian Ceffu has pulled out 120 million USDC worth from wallets associated with Ethena, which is behind the protocol for USDe valued at $4 billion or more. In a market where institutions...Cryptopolitan
Mon, Aug 24
Peter Schiff says AI competes with Bitcoin for capital, power, and space
Peter Schiff took to the social media platform X to share his thoughts on artificial intelligence. He believes that AI is a competitor rather than an aid to Bitcoin. This reasoning comes amid the ongoing rush of the AI industry to acquire the very same resources that Schiff indicates the two sectors are in competition...Cryptopolitan
Mon, Aug 24
Nvidia earnings could expose cracks in the AI boom
After the conclusion of trading on Wednesday, August 26, Nvidia will announce the results of its second quarter, and these numbers will be significant for more than just its own share price. The results will also be monitored by a variety of chipmakers, cloud providers, and suppliers of equipment throughout the entire AI supply chain...Cryptopolitan
Mon, Aug 24
Why is Nvidia stock falling today?
Nvidia (NASDAQ: NVDA) turned fast on Monday. The stock jumped about 3% soon after the opening bell rang, then dropped roughly 2% after the Groq news came out. Earlier today, Nvidia announced its Groq 3 LPX rack is now being produced at scale, turning technology from the largest acquisition in Nvidia’s history into customer-ready hardware....Cryptopolitan
Mon, Aug 24
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