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Why ASIC Mining's Critics Got One Thing Right

Why ASIC Mining's Critics Got One Thing Right

ASIC miners are powerful but controversial. While many criticisms are debatable, one specific, undeniable issue stands out above the rest.
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President Trump's Endorsement of Hyperliquid Token Leads to Short-Term Spike Amid Regulatory Efforts

President Trump's Endorsement of Hyperliquid Token Leads to Short-Term Spike Amid Regulatory Efforts

President Trump recently endorsed the Hyperliquid (HYPE) token during a White House meeting with tech leaders, causing the token to jump 14% within two hours, from $62.23 to nearly $71. This endorsement occurred as CFTC Chairman Michael Selig is working to establish legal pathways for the Hyperliquid exchange in the U.S., including approving U.S. perpetual futures rules and opening avenues for decentralized platforms. Hyperliquid had previously filed a formal petition with the CFTC for tailored DeFi rules. However, past crypto endorsements by President Trump have shown a pattern of short-term price spikes followed by significant drops, with previous endorsed assets trading 60% lower on average today than their pre-endorsement prices. In March 2025, President Trump had initially promised a national crypto reserve including XRP, Solana, and Cardano, but the White House later limited the strategic reserve to Bitcoin alone.
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Cash App Introduces 'Cash App Families' for Youth Banking and Financial Management

Cash App Introduces 'Cash App Families' for Youth Banking and Financial Management

Cash App Introduces 'Cash App Families' for Youth Banking and Financial Management
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Senator Michael Bennet Urged to Oppose CLARITY Act Amid Concerns of Trump's Business Ventures

Senator Michael Bennet Urged to Oppose CLARITY Act Amid Concerns of Trump's Business Ventures

U.S. Senator Michael Bennet of Colorado is being urged to vote against the CLARITY Act, a cryptocurrency bill currently advancing through the U.S. Senate. Critics, including State Senator Katie Wallace, argue that this Republican-backed bill is a priority for President Trump and his administration, and is designed to benefit President Trump's private business ventures. The bill is described as an 'executive branch cash-grab disguised as market regulation' that could turn Congress into a 'rubber stamp' for President Trump's financial interests. Concerns have been raised about President Trump's reported $1.4 billion in crypto income in a single year, including $635 million from a self-branded meme coin. Additionally, the Trump family's crypto firm, World Liberty Financial, reportedly received conditional approval for a national trust bank charter from executive branch banking regulators, which critics view as a blatant abuse of executive authority. The CLARITY Act is seen as paving the way for further corrup...
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Payment firms Visa, Mastercard and Ant International team up on AI agent trust framework

Payment firms Visa, Mastercard and Ant International team up on AI agent trust framework

Sept 10 (Reuters) - Ant International, Mastercard and Visa have launched an initiative to develop common standards to identify and verify AI agents that can make purchases on behalf of users.
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Senate Republicans Express Doubt on Cryptocurrency Bill Passage Amid Ethics Dispute

Senate Republicans Express Doubt on Cryptocurrency Bill Passage Amid Ethics Dispute

Republican senators are indicating that a bipartisan cryptocurrency regulatory bill, known as the CLARITY Act, is likely to fail in the Senate. The primary obstacle is a lack of progress on a Democratic demand for an ethics component within the bill, which would specifically govern the president and his family. Senator Mike Rounds (R-S.D.) stated that the situation 'does not look good right now,' while Senator Thom Tillis (R-N.C.) added that the bill's failure is probable 'if there’s no interest in the White House in trying to bridge the gap on the ethics language.' A White House spokesperson affirmed President Trump's commitment to the CLARITY Act, emphasizing the administration's belief that it has already agreed to the 'most comprehensive and wide-ranging ethics provision in history.' Despite this, the Democratic aides suggest little movement has occurred on their specific ethics demands.
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IonQ Estimates Quantum Computer Could Break Bitcoin's Signature Algorithm in 26 Days

IonQ Estimates Quantum Computer Could Break Bitcoin's Signature Algorithm in 26 Days

IonQ Estimates Quantum Computer Could Break Bitcoin's Signature Algorithm in 26 Days
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OFAC Amends FAQs and Designates Transnational Criminal Organizations

OFAC Amends FAQs and Designates Transnational Criminal Organizations

The Department of the Treasury's Office of Foreign Assets Control (OFAC) has announced amendments to several of its Frequently Asked Questions (FAQs) as part of an ongoing review to ensure current guidance. This update includes revisions to OFAC's FAQ topic pages, OFAC Licenses, and Assessing OFAC Name Matches, along with the publication of two new license-related FAQs (1269 and 1270). Concurrently, OFAC has added several entities to its Specially Designated Nationals (SDN) List. These new designations include ANWEN TECHNOLOGY CO., LTD. and SAFEW TECHNOLOGY CO., LTD., both identified as computer programming activities linked to transnational criminal organizations (TCOs). Additionally, XINBI GUARANTEE, operating in Burma, Thailand, and Laos, has been designated as a TCO with multiple digital currency addresses. LOS TIGUERONES, a group active in Ecuador and Peru, has been designated as a Transnational Terrorist Group (FTO) and a criminal organization, carrying secondary sanctions risk under Executive Order ...
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MicroStrategy Sells Bitcoin-Themed Sneakers Without Bitcoin Payment Option

MicroStrategy Sells Bitcoin-Themed Sneakers Without Bitcoin Payment Option

MicroStrategy Sells Bitcoin-Themed Sneakers Without Bitcoin Payment Option
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El Salvador's President Bukele Denies Transfer of National Bitcoin Reserve to Private Operator Amid IMF Agreement

El Salvador's President Bukele Denies Transfer of National Bitcoin Reserve to Private Operator Amid IMF Agreement

El Salvador's President Bukele Denies Transfer of National Bitcoin Reserve to Private Operator Amid IMF Agreement
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Cryptocurrency Analyst Benjamin Cowen Challenges Bitcoin's Correlation with M2 Money Supply, Citing Global Net Liquidity as Key Factor

Cryptocurrency Analyst Benjamin Cowen Challenges Bitcoin's Correlation with M2 Money Supply, Citing Global Net Liquidity as Key Factor

Cryptocurrency Analyst Benjamin Cowen Challenges Bitcoin's Correlation with M2 Money Supply, Citing Global Net Liquidity as Key Factor
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Blockstream Liquid Network Experiences $320 Million Bitcoin Movement with 'Whitehat' Message

Blockstream Liquid Network Experiences $320 Million Bitcoin Movement with 'Whitehat' Message

Blockstream Liquid Network Experiences $320 Million Bitcoin Movement with 'Whitehat' Message