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AI data centers push Rush Belt manufacturers power costs to record levels
Manufacturers across the US industrial heartland are taking up record electricity costs as AI data centers crowd onto the same regional grid, with one Ohio brickmaker watching a single monthly charge climb from $1,600 to $12,000, according to a Reuters review of energy data and interviews with about a dozen firms. This rising cost is...Cryptopolitan
Tue, Jul 7
Bank of England warns against increased financial risks due to AI
A collapse in AI share prices could remove a total of 2.2 percentage points from the UK’s economic output, the Bank of England said in its financial stability report on Tuesday. The BOE warned investors and lenders fully sized into tech exposure that the AI trade is ballooning. Governor of the Bank of England Andrew...Cryptopolitan
Tue, Jul 7
Uniswap floats extending UNIfication burns to v4 pools
Uniswap Labs asked holders of the UNI token to approve protocol fees on a portion of Uniswap v4 pools for the next stage of the UNIfication burn program that already runs on 11 chains. The company will hold a snapshot vote that will run for five days beginning July 7 and closing July 12, with...Cryptopolitan
Tue, Jul 7
Nigel Farage steps down as drama from crypto donations, financial gifts persist
Nigel Farage has resigned as the member of parliament for Clacton-on-Sea on Tuesday, saying that he will contest the by-election his own departure creates, a gamble that pauses two parliamentary standards inquiries into undeclared financial support from crypto backers. The Reform UK leader announced the decision on his YouTube channel, casting the coming contest as...Cryptopolitan
Tue, Jul 7
TAC token crashes 80% in one session, two months after white hat hack
TAC Protocol’s token fell about 82% in 24 hours to around $0.0056, wiping out most of its market value two months after a $2.8 million bridge hack, that the team reclassified as a white-hat incident. The token last traded at $0.005596, down 81.8% on the day, with its market cap also down to about $26.2...Cryptopolitan
Tue, Jul 7
Galaxy Digital completes Phase I of Helios AI data center, delivers 133 MW of power to CoreWeave
Galaxy Digital has reached a major milestone in its shift from cryptocurrency mining to artificial intelligence infrastructure. The company has reported that Phase I power is fully operational at its Helios data center campus in West Texas. This grants CoreWeave (CRWV) 133 megawatts of critical IT capacity through a 15-year lease, marking the site’s evolution...Cryptopolitan
Tue, Jul 7
Ctrl wallet to shut down on August 3 after security exploit
Ctrl Wallet, a multi-chain crypto wallet application that supported more than 2,500 blockchain networks, has told users that it will pull most of its features from the app by August 3, urging them to move their funds before this date. The decision follows a security breach on the wallet last month tied to its Cardano...Cryptopolitan
Tue, Jul 7
Tether invests $20 million in Brazil's Mercado Bitcoin
Tether announced earlier today, July 7, that it will put $20 million into a growth financing round for Mercado Bitcoin, a Brazilian firm. The company began as an exchange in 2013, and then grew into a regulated on-chain finance platform serving 4.5 million users across Latin America. Why is Tether investing in a Brazilian firm?...Cryptopolitan
Tue, Jul 7
Ondo launches Perps with 20x leverage on tokenized stocks
Ondo Finance has expanded its financial services suite to include perpetual futures contracts for tokenized stocks. The platform, referred to as Ondo Perps, will provide 24/7 trading and over 20x leverage, utilizing tokenized stocks as collateral.Fxstreet
Tue, Jul 7
Tesla FSD and in-vehicle cameras: EU drivers face tough choices on safety
The European Union (EU) road safety drive just shifted into top gear as regulations in the bloc have evolved to the point where, as of today, July 7, every new car and van registered in the EU must ship with an infrared camera permanently directed at the driver’s face. A standoff is now brewing as...Cryptopolitan
Tue, Jul 7
Germany plots billion-euro tax boost with plan to scrap crypto tax exemption
The federal government of Germany is expecting several billion euros in additional revenue from increased taxation of cryptocurrency profits. The tax reform ending an attractive exemption coincides with the full enforcement of Europe’s MiCA law, which should expand regulated access to digital assets. Germany to scrap one-year crypto holding period The executive power in Berlin...Cryptopolitan
Tue, Jul 7
Vanguard is hiring a head of digital assets
Vanguard is now hiring for a Head of Digital Assets, signaling yet another shot at the crypto market by the asset manager, which once denied clients access to crypto. According to a job posting Monday, the $12 trillion asset manager is seeking a Head of Digital Assets in the United States to lead “digital assets...Cryptopolitan
Tue, Jul 7
DeepSeek lives up to market disruptor reputation with in-house chips talks
Chinese AI startup DeepSeek is designing an in-house chip to run its models, according to sources close to the matter. The disclosure, if true, would reduce its dependence on both Nvidia and Huawei. For a company that already forced a rethink across the industry once, the plan especially puts pressure on the American chipmaker, losing...Cryptopolitan
Tue, Jul 7
Lido DAO Price Forecast: LDO bulls retain control and target $0.30
Lido DAO (LDO) maintains a bullish short-term bias, trading around $0.28 at the time of writing on Tuesday. The liquid staking token (LST) has logged consistent gains since last Wednesday, indicating growing risk appetite.Fxstreet
Tue, Jul 7
Richard Teng: Crypto has become a leading financial infrastructure, not just an asset
Richard Teng discovered crypto in 2017, while still working as a regulator, and it changed how he viewed the future of financial services. “The more I deep dive into it, I realized that this is going to be the future of financial services,” he said in a recent appearance on the podcast “Figuring Out With...Cryptopolitan
Tue, Jul 7
China produced 67 new unicorns in the first half of 2026
China has witnessed its second-highest number of new unicorns created in a half-year, amid the boom in AI and robotics. In the first half of 2026, ending June, ITJuzi reports that China produced 67 new unicorns, which are private companies valued at least $1 billion. By that count, it means a new unicorn was created...Cryptopolitan
Tue, Jul 7
ECB presses banks for plan to counter cybersecurity risks, AI threats
Big-time lenders in the eurozone have until October 31 to present an action plan to the European Central Bank (ECB), according to an order from the regulator to ensure that the region’s biggest lenders all score passing grades on their preparedness to defend against AI-driven cyberattacks. The warning from the apex bank on the Old...Cryptopolitan
Tue, Jul 7
Coinbase has secured the UK’s MiFID license
Coinbase has received a MiFID (Markets in Financial Instruments Directive) license in the United Kingdom, as it prepares for the country’s full crypto regime next year. The permission allows Coinbase to offer British users traditional financial instruments outside its main crypto offerings. Coinbase said the new license marks its “biggest ever expansion of Coinbase UK’s...Cryptopolitan
Tue, Jul 7
Naver's takeover of Upbit operator Dunamu slips to December 31
Naver Financial’s acquisition of Dunamu has been postponed again, this time to December 31. This is the second delay that the deal is facing. The reason for the stall this time is an unfinished antitrust review. Will Naver Financial still acquire Dunamu? Naver disclosed that the extraordinary shareholders’ meeting that was called to approve the...Cryptopolitan
Tue, Jul 7
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