CZ challenges AI hype with Bitcoin’s fixed-supply inflation shield
Binance founder Changpeng Zhao has drawn a line between Bitcoin’s 21 million supply cap and an AI investment cycle that JPMorgan CEO Jamie Dimon expects to attract $725 billion this year. Summary CZ says AI boosts productivity, while Bitcoin’s fixed supply protects wealth from inflation. Jamie Dimon expects AI investment to reach $725 billion amid…
Bola Tinubu targets crypto loopholes with sweeping Nigeria order
Nigeria’s President Bola Tinubu has signed an executive order targeting regulatory gaps in a crypto market that received about $59 billion in inflows between July 2023 and June 2024, according to the International Monetary Fund. Summary Tinubu’s executive order coordinates crypto oversight without creating a new regulator. Nigeria will tighten registration, tax reporting and supervision…
Hackers hijack Kenyan president’s website, demand 5 Bitcoin
Hackers have disabled Kenyan President William Ruto’s official website, replaced its homepage and demanded a ransom of 5 Bitcoin. Summary Hackers defaced Kenyan President William Ruto’s website and demanded a ransom of 5 Bitcoin. Kenyan authorities found no evidence that sensitive data was accessed, stolen, or lost. State investigators and external partners are examining how…
Crypto VC market stays active while DeFi funding falls to new low
Crypto venture funding has reached $1.2 billion in July even as DeFi investment has fallen to its lowest quarterly level since late 2023. Summary Crypto startups have raised $1.2 billion in July despite a sharp decline in deal activity. Coinbase Ventures led investor activity as exchanges, prediction markets, payments and AI attracted major funding. DeFi…
What is Section 13(3)? Fed emergency lending explained
When the Fed chair was asked whether the central bank would rescue crypto in a crisis, he avoided one topic with lawyerly care: Section 13(3), the emergency lending power behind every modern bailout. Here is what it is, how 2010 rewrote it, and why a stablecoin rescue through it is closer to illegal than unlikely….
Solana price stalls below $80 as exploits test fragile recovery
Solana price has stalled near $76 after repeated failures at $80, as two ecosystem exploits, weak momentum, and geopolitical stress have kept traders cautious. Summary Solana price remains below $80 as security incidents weigh on trader sentiment. Bearish daily momentum contrasts with positive 4-hour capital flows near $76. Losing $73 could expose SOL to $70…
Systemic risk exception: how SVB saved USDC by accident
Crypto has been rescued by the US government exactly once, and the rescue was aimed at something else. The mechanism was an obscure override in banking law, and understanding how it worked in March 2023, and why it may never work that way again, is the closest thing to reading crypto’s actual safety net Summary…
Hut 8 lands second $9.8B AI lease as IREN signs $2.8B deals
Hut 8 and IREN announced billions of dollars in new artificial intelligence infrastructure deals on Monday as companies with roots in Bitcoin mining continued expanding into data centers and cloud computing. Summary Hut 8 fully leased Beacon Point after signing a second 15-year, $9.8 billion AI deal. IREN added $2.8 billion in contracts and raised…
The GENIUS Act turned one by missing its own deadline
The stablecoin law gave regulators exactly one year to write its rules. The year ended Saturday. The rules did not arrive, the January 2027 start date is not moving, and the $300 billion industry now gets to guess what compliance means. Summary The GENIUS Act, signed July 18, 2025, gave federal regulators one year to…
Why stablecoin wallets have no deposit insurance
The FDIC protects bank depositors, and through a mechanism called pass-through insurance, it can protect people who hold money through intermediaries. Stablecoin holders assumed they were next in line. The FDIC has now said, in a speech and a proposal, that they are not, and the reasons teach you exactly what a stablecoin is. Summary…
