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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
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