Blackrock Boss Larry Fink Sounds Recession Alarm Over AI Data Center Shutdowns
Key Takeaways Larry Fink warns that halting data center construction risks pushing the U.S. economy into recession. Blackrock’s AI infrastructure partnership targets up to $100 billion in investment. Sanders and Ocasio-Cortez want a federal pause until stronger consumer and environmental…
Binance Eyes Hong Kong, South Korea, Taiwan, Brazil Stocks in Global Push
Key Takeaways Binance is exploring stock access in four markets: Hong Kong, South Korea, Taiwan, and Brazil. The push extends Binance beyond crypto, fully into tokenized stocks, commodities, and pre-IPO futures. Its next edge may come from combining global equities…
Google Touts ‘Magic’ Quantum Breakthrough as Bitcoin Q-Day Threat Looms
Key Takeaways Google researchers achieved a 40-fold reduction in errors, advancing the development of powerful quantum computers. Future quantum computers could potentially crack bitcoin’s cryptography, threatening wallets with exposed public keys. Researchers are exploring quantum-resistant protections, but upgrading the Bitcoin…
Binance US Chases $100 Million at a Fraction of Past Valuation: Bloomberg – Bitcoin News
Key Takeaways Binance US is reportedly seeking $100 million at a targeted valuation of approximately $1 billion. Binance US previously raised more than $200 million in 2022 at a $4.5 billion pre-money valuation. CEO Stephen Gregory is pursuing lower fees,…
Ripple Prime Introduces 24/7 Real-World Asset Perpetual Swaps
Key Takeaways Ripple Prime now supports perpetual swaps referencing more than 100 traditional financial markets. Virtu is among the institutional clients trading RWA swaps through Ripple Prime’s brokerage platform. Ripple allows eligible clients to use RLUSD as collateral and cross-margin…
US Wholesale Inflation Hits 6.3%, Putting the Fed on the Spot
Key Takeaways U.S. producer prices rose 6.3% annually in September, the highest rate since December 2022. The BLS reported a 20.3% monthly increase in producer gasoline prices as energy costs accelerated. Polymarket traders assigned 72% odds to the Fed holding…
US Becomes Bitcoin Net Importer Again, Says Chainalysis
Key Takeaways The U.S. became a net bitcoin importer for the first time since 2022, driven by transfers exceeding $10 million. Americans favor bitcoin as a store of value, while the rest of the world uses dollar-pegged stablecoins to access…
Bitcoin Price Teeters Near $80K as Global Stock Rout Rattles Markets
Key Takeaways Bitcoin’s price is struggling to find its footing near $81,200 after a sharp retreat, with the $80,000 level emerging as the next major test for buyers. Asian stocks took a beating, led by steep losses in South Korea…
RCBC, PalawanPay Hit 1 Million PalaSave Digital Accounts Ahead of Target
Weekly Crypto Roundup Get the weekly briefing for Philippine crypto insiders, from the country’s longest-standing crypto and blockchain news publication. Rizal Commercial Banking Corporation (RCBC) and PalawanPay have reached more than 1 million PalaSave savings accounts, reaching their first-year target…
CZ Takes Aim at Bank of America Over $1.21 Billion AML Penalty
Key Takeaways CZ roasted the absence of criminal charges following Bank of America’s $1.21 billion penalty. The Treasury found Bank of America failed to timely report more than $5 billion in suspicious transactions. Bank of America must review missed transactions…
