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Tesla first cash burn in two years to test investor faith in AI
Automobile manufacturer Tesla is expected to report its first quarterly cash burn in over two years when it releases Q2 results after the close on Wednesday, a warning sign for investors who have bet that the company’s spending on robots and self-driving cars will pay off. LSEG data puts the company’s second-quarter free cash flow...Cryptopolitan
Tue, Jul 21
PancakeSwap price prediction 2026-2032: Is CAKE set to rally?
Key takeaways With decentralized finance (DeFi) rising, PancakeSwap, one of the largest decentralized exchanges (DEXs), has been at the forefront of the revolution. The future of the CAKE cryptocurrency will depend on using the PancakeSwap exchange. The coin’s value will also depend on future sentiment on the broader crypto markets, among other factors. The CAKE...Cryptopolitan
Tue, Jul 21
OpenAI pauses long-running AI model after it broke out of its sandbox
OpenAI said it temporarily shut down an internal AI model built to grind away at hard problems for hours at a stretch after it repeatedly found ways around its own security restrictions. The company disclosed the incident on Monday in a blog post on long-horizon model safety. AI safety has gained renewed attention as more...Cryptopolitan
Tue, Jul 21
UK parliament group opens inquiry into bank restrictions on crypto firms
A cross-party group of UK lawmakers have opened a six-week investigation dedicated to finding out if banks are refusing accounts and blocking payments for crypto companies. Once the APPG publishes its report and recommendations at the end of August, the concerned parties will be watching to see if they translate into rules for how banks...Cryptopolitan
Tue, Jul 21
Ostium commits to cover liquidity providers losses in relaunch plan
Ostium plans to resume trading this week, roughly five days after an attacker drained its liquidity vault, the Arbitrum-based exchange said on Monday, July 20. Traders and liquidity providers have had funds frozen since July 15, and the restart will be their first chance to act on positions in nearly a week. The company stated...Cryptopolitan
Tue, Jul 21
World Bank backs South Africa’s reforms with fourth loan since 2022
South Africa has obtained a $1.5 billion loan from the World Bank in order to speed up upgrades to the country’s decades-overdue electricity transmission, rail, ports and water systems. The loan represents the lender’s fourth stand-alone financial assistance to South Africa since 2022, indicating more and more confidence in Pretoria’s ability to implement its plan...Cryptopolitan
Tue, Jul 21
Crypto Today: Bitcoin, Ethereum, XRP extend rebound amid returning institutional capital inflows
Cryptocurrency prices extend a broad recovery, led by Bitcoin (BTC), trading above $66,000 at the time of writing on Tuesday. Ethereum (ETH) remains bullish above $1,940, after logging four straight days of gains.
Is China becoming AI’s new gatekeeper?
China is considering new controls on exports of its homegrown AI models and chips. A move that could give Beijing the same kind of technological leverage Washington has exercised through years of semiconductor restrictions. The proposal is still under deliberation, as Chinese authorities have not yet released any draft regulations. However, studies carried out by...Cryptopolitan
Tue, Jul 21
South Korea’s CBDC pilot skipped independent security audit
The pilot program for the central bank digital currency (CBDC) in South Korea seems to have gone through live blockchain payments with thousands of users without even a single independent security audit, raising new doubts as central banks around the world speed up their plans to implement digital currency systems. The Project Hangang by the...Cryptopolitan
Tue, Jul 21
Pi Network Price Forecast: PI takes a breather despite improving market sentiment
Pi Network (PI) edges lower by nearly 5% on Tuesday, breaking a streak of four consecutive days of recovery despite easing risk-off sentiment in the crypto market. The technical outlook for PI continues to suggest further downside as a bearish channel pattern remains intact.Fxstreet
Tue, Jul 21
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