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How Poland’s $424 million Venezuela oil deal went wrong after USDT paymentsIn short Orlen prepaid $230 million for Venezuelan oil that was then forwarded in USDT. A courier delivered stablecoin to hotels in Caracas on USB memory sticks, according to an FT report Three former Orlen executives risk up to 25 years for losses of $378 million Read the original story How Poland’s $424 million Venezuela oil deal went wrong after USDT payments by Lockridge Okoth on no.beincrypto.com

How Poland’s $424 million Venezuela oil deal went wrong after USDT payments

In short
Orlen prepaid $230 million for Venezuelan oil that was then forwarded in USDT.
A courier delivered stablecoin to hotels in Caracas on USB memory sticks, according to an FT report
Three former Orlen executives risk up to 25 years for losses of $378 million
Read the original story How Poland’s $424 million Venezuela oil deal went wrong after USDT payments by Lockridge Okoth on no.beincrypto.com
Former DeepMind researcher joins growing chorus of warnings about superintelligence riskIn short Bilal Chughtai says AI could wipe us all out after he left Google DeepMind He says that AI companies can build superintelligent systems within just a few years. Leaders at Anthropic and OpenAI support calls to slow down AI development. Read the original story Former DeepMind researcher joins growing chorus of warnings about superintelligence risk by Kamina Bashir on no.beincrypto.com

Former DeepMind researcher joins growing chorus of warnings about superintelligence risk

In short
Bilal Chughtai says AI could wipe us all out after he left Google DeepMind
He says that AI companies can build superintelligent systems within just a few years.
Leaders at Anthropic and OpenAI support calls to slow down AI development.
Read the original story Former DeepMind researcher joins growing chorus of warnings about superintelligence risk by Kamina Bashir on no.beincrypto.com
The Pentagon’s estimate of $33.4 billion for the Iran war omits the oil shockIn short The Pentagon has set the price of the Iran war at $33.4 billion as of June 29 The estimate excludes infrastructure repairs and fuel price increases. Higher fuel prices have cost U.S. households about $ 812.77 each since February. Read the original story Pentagon’s estimate of $33.4 billion for the Iran war omits the oil shock by Kamina Bashir on no.beincrypto.com

The Pentagon’s estimate of $33.4 billion for the Iran war omits the oil shock

In short
The Pentagon has set the price of the Iran war at $33.4 billion as of June 29
The estimate excludes infrastructure repairs and fuel price increases.
Higher fuel prices have cost U.S. households about $ 812.77 each since February.
Read the original story Pentagon’s estimate of $33.4 billion for the Iran war omits the oil shock by Kamina Bashir on no.beincrypto.com
CryptoQuant Warns of Increased Volume as a New Sign of a Weaker Bear Market DeclineIn short Crypto spot trading volume reached about $ 75 billion on August 21. Perpetual futures volume reached around $ 336 billion, the highest daily total since March. CryptoQuant says the increase came along with buying, not the previously observed sell-offs. Read the original story CryptoQuant warns of increased volume as a new sign of a weaker bear market decline by Kamina Bashir on no.beincrypto.com

CryptoQuant Warns of Increased Volume as a New Sign of a Weaker Bear Market Decline

In short
Crypto spot trading volume reached about $ 75 billion on August 21.
Perpetual futures volume reached around $ 336 billion, the highest daily total since March.
CryptoQuant says the increase came along with buying, not the previously observed sell-offs.
Read the original story CryptoQuant warns of increased volume as a new sign of a weaker bear market decline by Kamina Bashir on no.beincrypto.com
AMC CEO called stock tokens false equity: Now Robinhood respondsIn short Robinhood says that voting and the redemption of shares are part of their stock tokens AMC CEO Adam Aron called the products reprehensible and demanded that trading be halted. The solution Robinhood promises can undermine their own legal defense Read the original story: AMC CEO called stock tokens false equity: Now Robinhood responds by Lockridge Okoth on no.beincrypto.com

AMC CEO called stock tokens false equity: Now Robinhood responds

In short
Robinhood says that voting and the redemption of shares are part of their stock tokens
AMC CEO Adam Aron called the products reprehensible and demanded that trading be halted.
The solution Robinhood promises can undermine their own legal defense
Read the original story: AMC CEO called stock tokens false equity: Now Robinhood responds by Lockridge Okoth on no.beincrypto.com
XRP and XLM rise 8% as the CLARITY Act approaches a decisive voteIn short XRP and XLM rose by over 8% on September 14 ahead of a decisive Senate vote scheduled for Tuesday The vote to end the debate requires 60 votes, meaning at least seven Democratic or independent senators must vote against party lines. Forecast markets give the CLARITY Act low chances of being adopted, with Polymarket pricing it at 30% as of now. Read the original story XRP and XLM rise 8% as the CLARITY Act approaches the decisive vote by Luis Blanco on no.beincrypto.com

XRP and XLM rise 8% as the CLARITY Act approaches a decisive vote

In short
XRP and XLM rose by over 8% on September 14 ahead of a decisive Senate vote scheduled for Tuesday
The vote to end the debate requires 60 votes, meaning at least seven Democratic or independent senators must vote against party lines.
Forecast markets give the CLARITY Act low chances of being adopted, with Polymarket pricing it at 30% as of now.
Read the original story XRP and XLM rise 8% as the CLARITY Act approaches the decisive vote by Luis Blanco on no.beincrypto.com
Chip stocks fall after warnings of AI slowdown, but analysts doubt a crashIn short Dario Amodei's AI warning led to a 5.9% drop in the Philadelphia Semiconductor Index Nvidia, Broadcom, Micron and AMD fell as warnings about security spread across AI stocks Bank of America dismisses the panic and points to $3 billion in AI capex by 2030 Read the original story Chip stocks fall after warnings of AI slowdown, but analysts doubt a crash by Darryn Pollock on no.beincrypto.com

Chip stocks fall after warnings of AI slowdown, but analysts doubt a crash

In short
Dario Amodei's AI warning led to a 5.9% drop in the Philadelphia Semiconductor Index
Nvidia, Broadcom, Micron and AMD fell as warnings about security spread across AI stocks
Bank of America dismisses the panic and points to $3 billion in AI capex by 2030
Read the original story Chip stocks fall after warnings of AI slowdown, but analysts doubt a crash by Darryn Pollock on no.beincrypto.com
Top 3 altcoins for the third week of September: The biggest winner has the weakest chartIn short BTW, VVV and FIL led the altcoin gains in the third week of September BTW it rose 43.2%, but shows RSI divergence and weak breakout volume. FIL increased the least, but still has the highest volume-to-market-cap ratio at 51%. Read the original story Top 3 altcoins for the third week of September: The biggest winner has the weakest chart by Jakub Dziadkowiec on no.beincrypto.com

Top 3 altcoins for the third week of September: The biggest winner has the weakest chart

In short
BTW, VVV and FIL led the altcoin gains in the third week of September
BTW it rose 43.2%, but shows RSI divergence and weak breakout volume.
FIL increased the least, but still has the highest volume-to-market-cap ratio at 51%.
Read the original story Top 3 altcoins for the third week of September: The biggest winner has the weakest chart by Jakub Dziadkowiec on no.beincrypto.com
ChatGPT said that Musks DOGE and a museum heating-up grant were DEIIn short DOGE employees used ChatGPT to label NEH grants as DEI, showing court documents ChatGPT called a $ 349 000 museum HVAC grant for DEI because it helps visitors. DOGE labeled 1057 out of 1163 NEH grants as DEI and cut over $ 100 million Read the original story: ChatGPT said that Musks DOGE and a museum heating-up grant were DEI by Darryn Pollock on no.beincrypto.com

ChatGPT said that Musks DOGE and a museum heating-up grant were DEI

In short
DOGE employees used ChatGPT to label NEH grants as DEI, showing court documents
ChatGPT called a $ 349 000 museum HVAC grant for DEI because it helps visitors.
DOGE labeled 1057 out of 1163 NEH grants as DEI and cut over $ 100 million
Read the original story: ChatGPT said that Musks DOGE and a museum heating-up grant were DEI by Darryn Pollock on no.beincrypto.com
Balancer proposes shutdown after the bailout plan failed to increase revenueIn short Balancer proposes to discontinue the protocol and return its treasury to token holders New integrations sparked interest, but no measures led to sustained revenue growth. Hodlers can burn tokens for a pro rata share of the treasury from May 2027. Read the original story Balancer proposes to shut down after the bailout plan failed to increase Kamina Bashir’s income on no.beincrypto.com

Balancer proposes shutdown after the bailout plan failed to increase revenue

In short
Balancer proposes to discontinue the protocol and return its treasury to token holders
New integrations sparked interest, but no measures led to sustained revenue growth.
Hodlers can burn tokens for a pro rata share of the treasury from May 2027.
Read the original story Balancer proposes to shut down after the bailout plan failed to increase Kamina Bashir’s income on no.beincrypto.com
10-year return breaks above 5%: What it means for Bitcoin and stocksIn brief The 10-year government bond yield rose above 5% on Monday, at its highest level in three years. Analysts warn that a sustained break above 5% can pressure stock prices Bitcoin trades around $77,800 as rising returns increase the cost of holding it Read the original story: 10-year return breaks above 5%: What it means for Bitcoin and stocks by Darryn Pollock on no.beincrypto.com

10-year return breaks above 5%: What it means for Bitcoin and stocks

In brief
The 10-year government bond yield rose above 5% on Monday, at its highest level in three years.
Analysts warn that a sustained break above 5% can pressure stock prices
Bitcoin trades around $77,800 as rising returns increase the cost of holding it
Read the original story: 10-year return breaks above 5%: What it means for Bitcoin and stocks by Darryn Pollock on no.beincrypto.com
AI security fears lead investors to choose J&J, Costco and CrowdStrike for cybersecurityIn short Defensive stocks rose Monday as AI security fears hit the technology sector. Johnson & Johnson, Eli Lilly, Kimberly-Clark and Costco rose in the rotation. Cybersecurity stocks CrowdStrike and Palo Alto Networks rose 14% each. Read the original story AI security fears have investors choosing J&J, Costco and CrowdStrike for cybersecurity by Darryn Pollock on no.beincrypto.com

AI security fears lead investors to choose J&J, Costco and CrowdStrike for cybersecurity

In short
Defensive stocks rose Monday as AI security fears hit the technology sector.
Johnson & Johnson, Eli Lilly, Kimberly-Clark and Costco rose in the rotation.
Cybersecurity stocks CrowdStrike and Palo Alto Networks rose 14% each.
Read the original story AI security fears have investors choosing J&J, Costco and CrowdStrike for cybersecurity by Darryn Pollock on no.beincrypto.com
Companies build up Ethereum, Solana and Bitcoin through a turbulent September marketIn short BitMine, Strive and DFDV all added crypto last week while Strategy took a pause. BitMine holds 5.96 million ETH, about 4.9% of the total supply. Strategy used $139 million to buy back STRC preferred shares instead of Bitcoin Read the original story Companies build up Ethereum, Solana and Bitcoin through a turbulent September market by Kamina Bashir on no.beincrypto.com

Companies build up Ethereum, Solana and Bitcoin through a turbulent September market

In short
BitMine, Strive and DFDV all added crypto last week while Strategy took a pause.
BitMine holds 5.96 million ETH, about 4.9% of the total supply.
Strategy used $139 million to buy back STRC preferred shares instead of Bitcoin
Read the original story Companies build up Ethereum, Solana and Bitcoin through a turbulent September market by Kamina Bashir on no.beincrypto.com
CoinEx sets a deadline in December for withdrawals while the exchange is wound downIn short CoinEx is shutting down after 9 years; withdrawals are possible until 22 December BĂžrsen attributes this to market downturn, declining liquidity, and rising costs of compliance. Spot trading ends on 29 September, and CoinEx will repurchase the remaining CET for $0.005. Read the original story: CoinEx sets a deadline in December for withdrawals while the exchange is wound down by Kamina Bashir on no.beincrypto.com

CoinEx sets a deadline in December for withdrawals while the exchange is wound down

In short
CoinEx is shutting down after 9 years; withdrawals are possible until 22 December
BĂžrsen attributes this to market downturn, declining liquidity, and rising costs of compliance.
Spot trading ends on 29 September, and CoinEx will repurchase the remaining CET for $0.005.
Read the original story: CoinEx sets a deadline in December for withdrawals while the exchange is wound down by Kamina Bashir on no.beincrypto.com
Trump calls AI fear a bluff—so why did he meet Altman in secret?In short Trump met Sam Altman privately backstage during last week’s GOP convention Did Altman attend the meeting that dealt with AI and its growing power. Since then, Trump has called AI safety fears a stage-and-online bluff. Read the original story: Trump calls AI fear a bluff—so why did he secretly meet Altman? by Darryn Pollock on no.beincrypto.com

Trump calls AI fear a bluff—so why did he meet Altman in secret?

In short
Trump met Sam Altman privately backstage during last week’s GOP convention
Did Altman attend the meeting that dealt with AI and its growing power.
Since then, Trump has called AI safety fears a stage-and-online bluff.
Read the original story: Trump calls AI fear a bluff—so why did he secretly meet Altman? by Darryn Pollock on no.beincrypto.com
Novo Nordisk rebrands as ‘Novo’: The stock falls as the company directs GLP-1 toward consumersIn short Novo Nordisk changed its name to 'Novo' and launched a new culture concept CEO Mike Doustdar links the change to losing ground to Eli Lilly New shares are down about 15% year-to-date despite the restructuring. Read the original story Novo Nordisk rebrands as ‘Novo’: The stock falls as the company directs GLP-1 toward consumers by Darryn Pollock on no.beincrypto.com

Novo Nordisk rebrands as ‘Novo’: The stock falls as the company directs GLP-1 toward consumers

In short
Novo Nordisk changed its name to 'Novo' and launched a new culture concept
CEO Mike Doustdar links the change to losing ground to Eli Lilly
New shares are down about 15% year-to-date despite the restructuring.
Read the original story Novo Nordisk rebrands as ‘Novo’: The stock falls as the company directs GLP-1 toward consumers by Darryn Pollock on no.beincrypto.com
Revised Clarity Act text meets resistance on three fronts before the Senate voteIn short Letitia James from New York led 17 other justice ministers against the Clarity Act 8 bank cooperations between senators closing stablecoin dividend loophole in the bill The Senate votes Tuesday on cloture, which requires 60 senators to move forward Read the original story Revised Clarity Act text faces opposition on three fronts before the Senate vote for Kamina Bashir on no.beincrypto.com

Revised Clarity Act text meets resistance on three fronts before the Senate vote

In short
Letitia James from New York led 17 other justice ministers against the Clarity Act
8 bank cooperations between senators closing stablecoin dividend loophole in the bill
The Senate votes Tuesday on cloture, which requires 60 senators to move forward
Read the original story Revised Clarity Act text faces opposition on three fronts before the Senate vote for Kamina Bashir on no.beincrypto.com
DOJ will seize $ 61 million in Iranian oil fund assets from Binance accounts that were guaranteed forIn short DOJ seeks forfeiture of $ 61 million in crypto linked to Iranian oil sales Midler skal angivelig ha blitt flyttet gjennom Blessed Trust og Hexa Whale-kontoer pĂ„ Binance. Binance has previously called related claims about Iran’s money laundering "untrue and defamatory" Read the original story: DOJ will seize $ 61 million in Iranian oil fund assets from Binance accounts that were guaranteed by Darryn Pollock on no.beincrypto.com

DOJ will seize $ 61 million in Iranian oil fund assets from Binance accounts that were guaranteed for

In short
DOJ seeks forfeiture of $ 61 million in crypto linked to Iranian oil sales
Midler skal angivelig ha blitt flyttet gjennom Blessed Trust og Hexa Whale-kontoer pÄ Binance.
Binance has previously called related claims about Iran’s money laundering "untrue and defamatory"
Read the original story: DOJ will seize $ 61 million in Iranian oil fund assets from Binance accounts that were guaranteed by Darryn Pollock on no.beincrypto.com
If Sam Bankman-Fried were released from prison today, he would be broke forever, says a lawyerIn short SBF’s lawyer says a bot of $11 billion will make him poor for the rest of his life Supreme Court filing claims the jury was told about FTX losses, but not the repayment plan FTX customers have now received back 105% of the claims valued at 2022 prices Read the original story If Sam Bankman-Fried were released from prison today, he would be broke forever, says a lawyer from Lockridge Okoth on no.beincrypto.com

If Sam Bankman-Fried were released from prison today, he would be broke forever, says a lawyer

In short
SBF’s lawyer says a bot of $11 billion will make him poor for the rest of his life
Supreme Court filing claims the jury was told about FTX losses, but not the repayment plan
FTX customers have now received back 105% of the claims valued at 2022 prices
Read the original story If Sam Bankman-Fried were released from prison today, he would be broke forever, says a lawyer from Lockridge Okoth on no.beincrypto.com
Trump calls Jensen Huang directly after AI downturn fears. NVIDIA stock reactsIn brief Trump dismisses AI fears as a bluff during an unexpected Jensen Huang conversation Nvidia chief backs faster AI growth as the race in China intensifies Nvidia continues to fall as chip stocks price in a downturn in AI spending Read the original story Trump calls Jensen Huang directly after AI downturn fears. NVIDIA stock reacts by Lockridge Okoth on no.beincrypto.com

Trump calls Jensen Huang directly after AI downturn fears. NVIDIA stock reacts

In brief
Trump dismisses AI fears as a bluff during an unexpected Jensen Huang conversation
Nvidia chief backs faster AI growth as the race in China intensifies
Nvidia continues to fall as chip stocks price in a downturn in AI spending
Read the original story Trump calls Jensen Huang directly after AI downturn fears. NVIDIA stock reacts by Lockridge Okoth on no.beincrypto.com
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