Crypto news
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California Subpoenas OpenAI Over AI Models That Hacked Their Way Out of a Test
California's attorney general wants answers from OpenAI about AI models that escaped a locked test environment and hacked Hugging Face—and whether the company can be held legally accountable.
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European crypto users have ‘more faith’ in regulated firms under MiCA: Bitpanda co-CEO
Speaking on Cointelegraph’s Chain Reaction, Christian Trummer said MiCA has increased trust in regulated platforms and called for stricter enforcement against noncompliant firms.
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Ethereum Now Lets You Pay for AI Without Revealing Who You Are
Ethereum's zkAPI lets users prepay in USDC and query AI models through cryptographic proofs, so no single party sees both who they are and what they ask.
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Circle Pushes Back on MiCA's Bank-Deposit Mandate for Stablecoins
The USDC issuer told the European Commission that MiCA's reserve mandates and concentration caps keep the largest global stablecoins outside Europe's perimeter—siding with the ECB in calling for more flexible rules.
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When the Banks Don’t Work, Bitcoin Does: Cornell University’s Adoption Index
Bitcoin Magazine When the Banks Don't Work, Bitcoin Does: Cornell University's Adoption Index A lot of people know little about Bitcoin and how it works. But despite knowledge being shallow, for those holding the leading cryptocurrency, it appears to be solving a problem: getting around failing...
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This AI Is Already Fooling People on Video Calls Into Thinking Its Human, Company Says
Tavus says 26 of 54 people on a one-minute video call thought its new Griffin model was human. The results are the company's own, and the model isn't going to retail customers yet.
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Ethereum Foundation Introduces zkAPI for Private API Payments
OA Chat supports the prepaid tool, which separates billing from requests but does not conceal prompts from AI providers.... Read the full story at The Defiant
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Porsche scraps NFT project with floor price down 96%
Porsche has written off its 911 NFT project PIONΞERS CIRCLE, leaving buyers with digital artworks that are down 96%. PIONΞERS CIRCLE gave NFT holders access to various events, awards, and other opportunities that came with purchasing one of the NFTs modelled after the Porsche 911. Porsche didn’t...
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$4.2B crypto bank Anchorage Digital cuts 17% of workforce: Report
The reported cuts come as Anchorage expands its institutional footprint, including stablecoin issuance and a $100 million investment from Tether.
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Blast to wind down Ethereum L2 after costs outpace revenue
Once among Ethereum’s largest layer-2 networks by total value locked, Blast is urging users to move their assets to mainnet ahead of the shutdown.
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South Africa’s Absa Becomes First Bank on the Continent to Custody Bitcoin: Report
Bitcoin Magazine South Africa’s Absa Becomes First Bank on the Continent to Custody Bitcoin: Report South African bank Absa has become the first African lender to custody bitcoin, according to reports. As reported first by Bloomberg on Friday, the Johannesburg-based lender will serve institutional...
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US jobs data revised lower after Fed rate hike
The US Bureau of Labor Statistics (BLS) has slashed job gains it announced in July and August by 60,000. Its earlier, more optimistic numbers were factors in the US Federal Reserve’s interest rate hike on September 16. For the first time in three years, Fed governors made mortgages and credit more...
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Once a $2.3 Billion Network, Ethereum Layer-2 Blast Is Shutting Down
Blast said operating costs now exceed the revenue its Ethereum layer-2 generates and asked users to withdraw their assets to mainnet before Oct. 26.
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BNY in talks with Kraken parent Payward over infrastructure partnership
The potential agreement could span digital assets, custody, trading, payments and other financial-market infrastructure.
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Nvidia Hits Record High as Market Value Reaches $5.7 Trillion
The AI chipmaker's stock topped its May peak on Friday, helped by a record $150 billion buyback and a weak jobs report that cooled bets on Fed rate hikes.
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IMF Approves $138 Million for El Salvador After Bitcoin Waiver
The fund still expects no further Bitcoin accumulation beyond documented donations and wants the state’s remaining Chivo exposure fully unwound.... Read the full story at The Defiant
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Once a $2 billion Ethereum layer-2, Blast is shutting down after assets plunge 98%
Once home to more than $2 billion in crypto assets, Blast is shutting down as activity fades, costs rise, and bigger platforms like Coinbase and Robinhood build networks of their own.
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Possible next crypto czar, Jay Clayton, began crypto's regulation-by-enforcement at SEC
The former SEC chairman who may be tapped to oversee the Trump administration's AI work has a potentially divisive history as a watchdog of tech innovation.
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Drift opens exploit recovery claims with initial payouts of just over 1% of user losses
DFX holders can cash out now or wait for more funding, with no firm timeline for full repayment.
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Illinois Agrees to Six-Month Crypto Tax Delay, Subject to Court Approval
The levy would charge customers on asset value rather than gains, with draft rules covering paid custody, transfers and stablecoin settlement.... Read the full story at The Defiant
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Paradigm-backed Layer 2 Blast to wind down network as costs exceed revenue
Ethereum L2 Blast is winding down after costs outpaced revenue. Users have until Oct. 26 to withdraw via the app.
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Bitcoin Heads Higher on Macro Moves: Where Does BTC Go Next?
A jobs report miss just erased the odds of an October rate hike, and BTC is now knocking on the door of its yearly ceiling.
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Ripple and CSD BR Partner to Mirror Brazil's BTG Fund Records on XRP Ledger
The companies describe a live-transaction phase, with CSD BR retaining the official records for registration, deposit and settlement.... Read the full story at The Defiant
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Centrifuge Confirms Three Tokenized Funds Are Live on Arc
JAAA, JTRSY and HYB span US Treasuries and credit, with direct fund access limited to non-US professional investors.... Read the full story at The Defiant
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Aave Labs Proposes Foundation to Bring Brand and IP Under DAO Oversight
Phase 1 would create a Cayman Islands entity and appoint independent officers; trademark, domain and codebase transfers would require later governance votes.... Read the full story at The Defiant
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71% of UK finance leaders expect tokenization to reshape financial services: Lloyds
A Lloyds survey found that faster payments and settlement are the most significant perceived benefits of tokenization, as the UK builds infrastructure for tokenized finance.
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Circle Urges EU to Replace Stablecoin Bank-Deposit Mandates
The USDC issuer also wants to preserve cross-border co-issuance and create a recognition route for foreign stablecoins, while central banks demand stronger safeguards.... Read the full story at The Defiant
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Chainalysis Links $387 Million Bitget Hack to North Korea
The firm says the theft pushes North Korea-linked crypto thefts above $1 billion in 2026, while onchain records show stolen XRP being swapped through THORChain.... Read the full story at The Defiant
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NEAR Intents GM Says $3.8 Million in Hack Funds Returned in Full
The published Bitcoin recovery wallet received about 34.59 BTC. The protocol had already pledged to compensate the lost funds in full.... Read the full story at The Defiant
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Crypto’s billions are back, but the premiums aren’t
Kalshi seeks a $40 billion valuation, while Blockchain.com targets an IPO and crypto treasury companies struggle to maintain their once-high valuations.