How Polandâs $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 Polandâs $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 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 Pentagonâs 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 Pentagonâs 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 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 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 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 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 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 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 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 Bashirâs income 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 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 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 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 bluffâso why did he meet Altman in secret?
In short Trump met Sam Altman privately backstage during last weekâs 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 bluffâso why did he secretly meet Altman? by Darryn Pollock on no.beincrypto.com
Novo Nordisk rebrands as âNovoâ: 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 âNovoâ: 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 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 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 pĂ„ Binance. Binance has previously called related claims about Iranâs 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 lawyer
In short SBFâs 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 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