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Kevin Warsh said rates could rise this year if inflation does not cool enough
Trump-appointed Federal Reserve Chairman Kevin Warsh made clear during his Friday appearance at Jackson Hole that interest rates could get hiked this year if inflation refuses to settle down fast enough. Kevin said summer inflation figures came in cooler than expected, but that was not enough to show the bigger trend had changed. “While this...Cryptopolitan
Fri, Aug 28
Avici token sinks 39% as hackers drain up to $1 million from Solana neobank
Avici, a neobank built on the Solana blockchain, is investigating a security breach that emptied user funds on August 28. Anything from $600,000 to more than $1 million may have been lost, per initial reports. Avici’s AVICI token lost roughly 39% of its value in a single day following the hack. How much was lost...Cryptopolitan
Fri, Aug 28
Trump administration drafts rule to close China's remote chip loophole
The Trump administration is preparing a rule that would stop Chinese companies from renting American AI chips through data centers in other countries. This is a channel that the current US export controls do not cover currently. Who is writing the rule and when will it land? The Commerce Department’s Bureau of Industry and Security...Cryptopolitan
Fri, Aug 28
Google commits to adjust 'parasite SEO' policy to avoid EU regulators fine
Google (NASDAQ: GOOG) has announced that it will end manual search penalties under its “parasite SEO” rules throughout Europe on August 30. The announcement is supposed to put an end to a European Commission inquiry that threatened Google with a fine of almost 10% of Google’s global revenue. Manual demotions come to a halt throughout...Cryptopolitan
Fri, Aug 28
XRP treasury Evernorth pushes for Nasdaq debut as SEC clears registration for Armada merger
XRP treasury firm Evernorth Holdings has moved a step closer to becoming a publicly traded company after the US Securities and Exchange Commission (SEC) declared a registration statement tied to its proposed business combination with Armada Acquisition Corp. II effective.
Fxstreet
Fri, Aug 28
SlowMist flags fake Qwen 3.8 27B GitHub repo hiding StealC info-stealer
An information-stealing virus was uploaded to a GitHub repository disguised as downloadable weights for Alibaba’s Qwen 3.8 27B model. SlowMist’s security team reported the incident on August 28, and anyone who runs open-source AI models locally could be at risk of credential theft. There’s a fake Qwen AI model on GitHub On August 28, the...Cryptopolitan
Fri, Aug 28
MANTRA post-mortem pins $3.6M exploit on a cosmos/evm integer bug
MANTRA Chain stopped short of committing to a fund recovery plan in the full incident post-mortem report it published on August 28. Instead, the publication presented a formal recap of the August 20-21 incident where an attacker drained roughly 720.9 million MANTRA, worth about $3.6 million from the project. Today’s disclosure formally assigned a dollar...Cryptopolitan
Fri, Aug 28
Stripe and Advent drop $53 billion bid for PayPal, shares slide
Stripe and Advent International have walked away from their roughly $53 billion attempt to buy PayPal. Had it gone through, the deal would have been the biggest fintech takeover on record. The announcement sent PayPal’s stock down sharply before Friday’s open. Why didn’t Stripe and Advent acquire PayPal? Stripe, the privately held payments firm, and...Cryptopolitan
Fri, Aug 28
AI startups top DeFiLlama’s pre-IPO list as private valuations double
DeFiLlama data shows that many pre-IPO tech firms have witnessed their private valuations more than double in the past year, with AI companies now occupying the top two places on DeFiLlama’s board. The ranking sends a strong message to the worldwide AI industry. The largest sources of private capital are gravitating toward frontier model developers...Cryptopolitan
Fri, Aug 28
UK Green Party leader leads anti-data center push as AI firms lose narrative war
The anti-data center sentiment has a new face in the UK as of Friday, after Green Party leader Zack Polanski pressed the UK government to hit the brakes on letting new data centers go up in England. Polanski called out the “negligible and negligent” attitude of the Labour Party as he argued against putting extra...Cryptopolitan
Fri, Aug 28
Solana starts phased 90% storage cost cut for token accounts
Solana’s core development team, Anza, announced that the first of a total of five feature gates has gone live. The development will result in a 90% reduction in on-chain storage costs. The changes will be beneficial mainly for stablecoin and payment businesses, which have become one of the network’s fastest-growing use cases. For developers forming...Cryptopolitan
Fri, Aug 28
Upbit parent Dunamu partners with Visa on stablecoin payments and AI commerce
Upbit’s operator, Dunamu, has entered into a strategic partnership with Visa. The two companies will build stablecoin-based payments, cross-border remittances and AI-driven financial services. What is Dunamu planning with Visa deal? A partnership between Dunamu and Visa was unveiled at Visa’s Global Market Support Center in San Francisco. The plan pairs Dunamu’s digital asset technology,...Cryptopolitan
Fri, Aug 28
NextDC’s record AI demand meets Australia’s power constraints
On August 27, NextDC, an Australian data center operator, announced it has seen its best contracting performance so far, increasing the amount of contracted capacity by three times to 740.1 MW and posting a profit for the year again as the AI infrastructure boom puts increasing pressure on power and water supplies. According to the...Cryptopolitan
Fri, Aug 28
UK police claw back £1 million from deceased money laundering suspect
The Avon and Somerset Police in the UK disclosed that it had completed a forfeiture that clawed back more than £1 million in cash, Bitcoin and other digital assets from a dead, convicted money launderer. The single largest crypto seizure on record, per the Financial Investigation Unit in its August 27 statement, lands amid a...Cryptopolitan
Fri, Aug 28
Crypto Today: Bitcoin, Ethereum, XRP rally loses steam despite steady ETF inflows
Bitcoin (BTC) is back below $80,000 at the time of writing on Friday, after a second attempt at breaking resistance between $81,000 and $82,000. A daily close below $80,000 could raise the probability of an extended correction in search of liquidity.
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