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Twice Burned: South Korean Crypto Exchange Boss Hit With 2nd Fraud Case
Reports have disclosed that Shin Jin-wook, the chief executive of South Korean crypto exchange Bitsonic, has been handed a second prison term for a fresh fraud charge. Related Reading: America’s Bitcoin Bonanza: 40% Of Supply Under US Control – Analyst Based in Daegu, Shin was found guilty of manipu...Bitcoinist
Wed, Aug 6
U.S. senators call for an investigation into Chinese AI models
Since its launch earlier this year, DeepSeek has raised questions and concerns about the technology behind its AI reasoning model. Now, the U.S. is turning up the scrutiny on Chinese AI startups and the people helping them on American soil. Following the arrest of two Chinese nationals accused of illegally exporting advanced Nvidia AI chips […]Cryptopolitan
Tue, Aug 5
OpenAI releases two new open-weight models, gpt-oss-120b and gpt-oss-20b
OpenAI has put out its first open-weight AI models since 2019, ending years of delay and speculation. The company released gpt-oss-120b and gpt-oss-20b on Tuesday, offering two fully downloadable, customizable large language models that don’t require a license fee or API gate. Both models are text-only and are being shared under an Apache 2.0 license, […]Cryptopolitan
Tue, Aug 5
SUI In A Sweet Spot: Structural Support And VWAP Align For Potential Breakout
SUI is currently sitting in a prime “sweet spot,” where key structural support meets the VWAP average. This alignment establishes a robust technical foundation, indicating a potential breakout as buyers step in at this critical level. Key Support Level Near Aligning With VWAP Average In a post on X,...NewsBTC
Tue, Aug 5
CFTC Opens Door To Spot Crypto Trading On Registered Futures Exchanges
The US Commodity Futures Trading Commission (CFTC) has launched an initiative to allow spot crypto trading on exchanges registered under it. CFTC Kicks Off Crypto Sprint With Spot Trading Initiative In a new press release, CFTC acting chairman Caroline D. Pham has announced an initiative aimed at en...Bitcoinist
Tue, Aug 5
XRP and Litecoin Investors Rotate Capital—This New Altcoin Catches Fire
The August crypto market is alive with rotation. XRP investors and Litecoin holders are reallocating funds after a period of rangebound trading, chasing the next big altcoin ahead of September catalysts. As the search for the best altcoins to buy now heats up, capital is moving into new altcoin investments with strong community support and […]Cryptopolitan
Tue, Aug 5
CleanSpark Inc expected to post earnings of 28 cents a share - Earnings Preview
CleanSpark Inc CLSK.OQ CLSK.O is expected to show a rise in quarterly revenue when it reports results on August 7 for the period ending June 30 2025The Henderson Nevada-based company is expected to report a 86.1% increase in revenue to $193.753 million from $104.11 million a year ago, according t...Reuters
Tue, Aug 5
Intel’s new 18A chip process is facing serious yield issues, threatening its Panther Lake chip rollout
Intel’s ambitious plan to reassert itself as a global leader in chip manufacturing and challenge Taiwan’s TSMC is facing renewed turbulence. The company’s long-touted 18A process node, central to its effort to revive high-end semiconductor production in the U.S., has run into significant yield problems. Its most recent setbacks have cast doubt over the viability […]Cryptopolitan
Tue, Aug 5
Metamask to enter $250B stablecoin market with ‘Metamask USD’ issued by Stripe
MetaMask is reportedly planning to join hands with Stripe to introduce a stablecoin called “MetaMask USD” in an initiative that was announced via a governance proposal. The ultimate aim of the stablecoin would be to reduce transaction volatility and enhance usability for altcoin transactions while leveraging Stripe’s already existing financial infrastructure to bridge traditional finance […]Cryptopolitan
Tue, Aug 5
SEC clarifies that certain liquid staking activities in cryptocurrency do not qualify as securities offerings
The U.S. Securities and Exchange Commission (SEC) has issued a statement clarifying its position on certain liquid staking activities and associated tokens. The statement has been touted as a positive step in the right direction for the SEC as it forged ahead with its goal of providing regulatory clarity for the crypto industry, particularly where […]Cryptopolitan
Tue, Aug 5
Binance's CZ files to dismiss $1.76 billion FTX clawback suit, says U.S. court lacks jurisdiction
Changpeng “CZ” Zhao, co-founder of Binance, just fired back at the FTX bankruptcy estate in a Delaware court, saying the U.S. has no legal right to come after him over a $1.76 billion clawback claim. On Monday, he filed a motion asking the court to dismiss the case completely. The reason? “The claims are so […]Cryptopolitan
Tue, Aug 5
DOGE Holds Above $0.18 as RSI Signals 70% Rally Potential: Can Dogecoin Outperform in Q3?
Despite recent bearish pressure in the crypto market, Dogecoin (DOGE) is showing signs of resilience, holding above the crucial $0.18 support level. After slipping below the $0.20 threshold, DOGE continues to attract bullish speculation, particularly as it approaches a critical RSI level on the 4-ho...NewsBTC
Tue, Aug 5
Why Litecoin (LTC) Could Skyrocket Soon: ETF Momentum and Rising Merchant Adoption
Litecoin (LTC) has resurfaced one of the top-performing cryptocurrencies this week, jumping over 12.7% in just 24 hours to trade near $128. The surge follows increasing speculation around a potential U.S. spot ETF approval and a dramatic rise in real-world adoption, which are now converging to posit...Bitcoinist
Tue, Aug 5
Ripple (XRP) Sets Sights on $4 as Mutuum Finance (MUTM) Steals the Show in August 2025
As the crypto markets navigate a volatile yet optimistic August, eyes are turning to Ripple (XRP) and Mutuum Finance (MUTM), the DeFi newcomer that’s rewriting the script for decentralized lending. Over 14,800 investors have invested in the project to date, and over $14 million has been raised. Mutuum Finance is already in Presale Phase 6 […]Cryptopolitan
Tue, Aug 5
Foxconn reports a 7.25% sales rise in July, its slowest since January
Hon Hai Precision Industry Co., best known as Foxconn, saw its sales growth ease in July, suggesting that worries over U.S. tariffs are cooling demand for electronics. At the same time, the company is moving ahead with big bets on data-center gear, including the sale of a U.S. factory, as global tech firms pour money […]Cryptopolitan
Tue, Aug 5
Palantir stock jumped 7.9% and hit its highest close ever after reporting over $1 billion in revenue
Palantir hit a record high on Tuesday, closing with a 7.9% jump, but it wasn’t enough to stop the rest of the market from sliding. The S&P 500 dropped 0.49% to close at 6,299.19, while the Nasdaq Composite fell 0.65%, ending at 20,916.55. The Dow gave up 61.90 points, closing at 44,111.74. That came just […]Cryptopolitan
Tue, Aug 5
Solana Ships Seeker Smartphone — Everything You Need To Know
Solana Mobile began shipping its second-generation crypto phone, the Seeker, on August 4, 2025, marking the project’s most ambitious push yet to bring on-chain functionality into a mainstream handset. The company confirmed the rollout publicly to users in 50+ countries and preorders topping 150,000 ...Bitcoinist
Tue, Aug 5
Bitcoin Top Buyers Aren’t Selling: $118,000+ Supply Remains Firm
On-chain data shows Bitcoin investors who purchased near the price top are choosing to hold even after the latest pullback. Bitcoin Cost Basis Distribution Shows Supply Still Firm Above $118,000 In a new post on X, the on-chain analytics firm Glassnode has discussed the latest trend in the Cost Basi...NewsBTC
Tue, Aug 5
Nvidia denies China’s claim that its AI chips contain hidden kill switches or backdoors
Nvidia has pushed back against China’s claims that its AI chips come with built-in kill switches or hidden backdoors. On Tuesday, the company’s Chief Security Officer, David Reber, wrote, “NVIDIA GPUs do not and should not have kill switches and backdoors,” in a blog post. The post followed a formal request from the Cyberspace Administration […]Cryptopolitan
Tue, Aug 5
