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Apple builds a China-only AI model as the US-China AI gap closes
Apple is working on an AI model aimed at China’s market, creating a localized version of its AI model that complies with the rules and regulations of the country. The move comes reportedly with support from Alibaba as US and Chinese AI models increasingly close the capability gap. Apple’s decision to develop a China-specific model...Cryptopolitan
Fri, Aug 14
Crypto Today: Bitcoin, Ethereum, and Ripple risk steeper correction as bearish pressure mounts
Bitcoin (BTC) trades below $63,000 on Friday, projecting a downside bias as selling pressure resurfaces. Ethereum (ETH) and Ripple (XRP) also take a bearish path, risking a drop below the 50-day Exponential Moving Average (EMA) at $1,856 and the $1.00 psychological support, respectively.
Kalshi’s Daily Perp Open Interest Hits Record $17.98 Million
Kalshi’s perpetual futures product went live on June 3 with BTCPERP becoming the first perp contract cleared by the CFTC for US traders. Ether went live on June 4, XRP on June 10 and the roster now covers 13 crypto assets. This week, on August 12, daily perpetual futures open interest closed at $17.98 million,...Cryptopolitan
Fri, Aug 14
Bitcoin Red Team, BPI and 40+ firms join forces to close the AI security Gap
More than forty crypto companies are urging top AI labs to allow approved Bitcoin security experts to use the cutting-edge models already in the hands of hackers. This request is coordinated by the Bitcoin Policy Institute (BPI) and explains that access to technologies, including those from OpenAI and Anthropic as a defensive imperative for software...Cryptopolitan
Fri, Aug 14
Kalshi ruling puts crypto prediction market boom under pressure
A Washington court has ordered Kalshi to stop offering most of its event contracts in the state, as prediction markets become one of crypto’s busiest trading arenas. According to Pew Research data, the period between July 2024 and the first five months of 2026 saw cryptocurrency contracts contributing to approximately 20% of Polymarket’s trade volume...Cryptopolitan
Fri, Aug 14
Trump slaps up to 100% tariffs on drones in fresh crackdown on Chinese tech
President Donald Trump imposed a huge 100% tariff on imported drones to challenge China’s market grip. The White House has so far framed the decision as a national security measure, slapping a 100% duty on certain unmanned aircraft systems, including those exceeding 25 kilograms and those with specialized security capabilities, while smaller drone models are...Cryptopolitan
Fri, Aug 14
Crypto Overview: Bitcoin holds at $63,000 – Cosmos, Pump.fun lead gains
Bitcoin (BTC) hovers around $63,000 at press time on Friday, as the broader crypto market maintains a risk-off sentiment. Rising against the tide, Cosmos (ATOM) and Pump.fun (PUMP) are leading gains over the last 24 hours, emerging as top performers.
Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC holds strong, ETH on the verge of breakout, XRP signals recovery
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) show signs of recovery after a correction earlier this week. BTC finds support around the key $63,300 level, ETH continues to trade sideways, while XRP holds strong above the $1.00 psychological level.Gemini posts $108 million loss as crypto slump drains exchange volumes
Gemini reported a second-quarter net loss of $107.7 million on August 13 and its shares fell by over 7% in after-hours trading. This is the clearest sign so far that a crypto downturn in the marketplace is now damaging exchanges that continue to generate revenue from trading fees. The damage was primarily to Gemini’s business...Cryptopolitan
Fri, Aug 14
Google ships Gemini 3.7 Flash while its flagship 3.5 Pro stays delayed
Google (NASDAQ: GOOG) has launched Gemini 3.7 Flash on Thursday, August 13. This is its second low-cost coding model in a matter of three weeks, despite delaying the Gemini 3.5 Pro it promised developers as far back as May. For individuals and enterprise users banking on Google’s AI stack, they might be a bit disappointed,...Cryptopolitan
Thu, Aug 13
KPMG signs off on Tether's 2025 books with an unqualified opinion
Tether said on Thursday that KPMG U.S. completed a full audit of its 2025 financial statements and issued an unqualified opinion. The audit in question is the first full one the company has experienced, despite USDT being the world’s largest stablecoin with more than $180 billion in circulation. What did KPMG’s audit of Tether reveal?...Cryptopolitan
Thu, Aug 13
Shipping partner breach exposes data of 14,000 Trezor customers
Nearly 14,000 Trezor buyers had their names and contact details stolen after ShipMonk, the hardware wallet maker’s shipping partner, was hacked. The people affected now face a heightened risk of phishing and, in some cases, theft at their home addresses, as French users have experienced. What details were exposed in the Trezor leak? Trezor reported...Cryptopolitan
Thu, Aug 13
Trump-backed World Liberty Financial taps former Coinbase exec as business lead
World Liberty Financial, the crypto firm with links to the Trump family, has announced the hiring of Ryan Ballantyne as chief business officer. The new man is an experienced Wall Street executive and recently served as an executive at Coinbase. The announcement comes as the crypto venture seeks to go into tokenized real estate and...Cryptopolitan
Thu, Aug 13
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