Author: Editor

In a continued support for crypto, the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have jointly confirmed that registered exchanges can now facilitate spot crypto trading under existing law. Related Reading The joint statement, released Tuesday, clarifies that platforms such as the New York Stock Exchange (NYSE), Nasdaq, CBOE, and CME face no legal barriers to listing select digital asset products. SEC Chair Paul Atkins hailed the move as a turning point, emphasizing that “market participants should have the freedom to choose where they trade spot crypto assets.” CFTC Acting Chair Caroline Pham echoed his…

In brief Polymarket can now return to the U.S. after the CFTC said it won’t pursue certain enforcement actions against QCX, CEO Shayne Coplan said Wednesday. Polymarket acquired QCX, a licensed exchange already regulated by the CFTC, for $112 million in July. Polymarket was banned from the U.S. in 2022, and has been looking for...

CoreWeave, which provides cloud servers to large companies training AI models, has struck an agreement to acquire OpenPipe, a two-year-old Y Combinator-backed startup that helps enterprises develop customized AI agents with reinforcement learning, the companies announced on Wednesday. “Reinforcement learning is emerging as a pivotal force to strengthen model performance on agentic and reasoning tasks,” said Brian Venturo, co-founder of CoreWeave, in a statement to TechCrunch. “By combining OpenPipe’s advanced self-learning tools with CoreWeave’s high-performance AI cloud, we’re expanding our platform to give developers at AI labs and beyond an important advantage in building scalable intelligent systems.” CoreWeave and OpenPipe did…

Mike Liberatore, xAI’s chief financial officer, has left the company, according to reporting from The Wall Street Journal. This marks the latest in a string of high-profile executive departures.  The former Airbnb executive joined the company in April and left around the end of July, per the WSJ. While at xAI, he helped orchestrate the company’s $5 billion debt raise, alongside another $5 billion in equity — almost half of which came from SpaceX. He also oversaw some of the Elon Musk-owned AI firm’s data center expansion in Memphis.  Liberatore’s departure comes after xAI’s general counsel, Robert Keele, left in…

In brief The queue to become an Ethereum (ETH) validator, which allows you to stake the cryptocurrency, has reached the highest level since September 2023. Analysts think this may be partly due to the surge of investment in ETH treasury firms, which often engage in staking. Lower network fees on the blockchain were also highlighted...

Scale AI, which helps tech companies prepare data to train their AI models, filed a lawsuit against one of its former sales employees and its rival Mercor on Wednesday. The suit claims the employee, who was hired by Mercor, “stole more than 100 confidential documents concerning Scale’s customer strategies and other proprietary information,” according to a copy seen by TechCrunch. Scale is suing Mercor for misappropriation of trade secrets and is suing the former employee, Eugene Ling, for breach of contract. The suit also claims the employee was trying to pitch Mercor to one of Scale’s largest customers before he…

Dogecoin’s backers moved quickly this week to create what they call the first official DOGE treasury, pushing $175 million into a vehicle aimed at buying Dogecoin and bringing more institutional muscle to the token. Related Reading According to reports, the fund was set up through a private placement that issued 175,000,420 pre-funded warrants priced at $1 each, a structure meant to provide immediate capital for purchases. The plan has drawn big-name crypto firms and traditional investors. Funding And Structure Based on reports, the financing raised $175 million in total. Over 80 institutional and crypto-native investors are said to have taken…

Apple’s Siri overhaul may include an AI-powered web search tool with technology powered by Google’s Gemini, according to a new report from Bloomberg’s Mark Gurman. The iPhone maker, which has been criticized for falling behind in the AI race, delayed its long-awaited Siri update until 2026. In the meantime, the company has been scrambling to determine whether its own AI models alone will work well enough to make its upgraded Siri competitive with the AI answer engines available today from tech companies like OpenAI, Perplexity, and Google. Per Bloomberg, Apple could be turning to Google for a solution to its…

In brief Ondo Finance launched tokenized versions of 100+ U.S. stocks and ETFs on Ethereum, backed by real assets held at registered U.S. broker-dealers. The tokenized stocks are only available to non-U.S. investors due to regulatory restrictions. The tokenized assets enable 24/7 trading and fractional ownership, allowing global investors to trade U.S. securities outside normal...

Bitcoin is once again testing a critical support zone, and speculation is whether September’s weakness will mark a turning point. With historical patterns often showing September dips followed by strong Q4 rallies, the market now faces a pivotal moment that could decide the next major move. Bitcoin Returns To The Bull Market Support Band In his latest update on X, Benjamin Cowen highlighted that Bitcoin recently touched the bull market support band just a few days before September officially began. This level has historically acted as an important pivot zone, where the bulls often attempt to hold the line and…