Author: Editor
In brief Switzerland allowed Backed to avoid whitelisting xStocks. Tokenized Tesla shares have the largest supply. xStocks have roughly 30,000 unique holders. Balancing compliance needs against the open and accessible nature of decentralized finance ultimately brought Backed Finance to Switzerland, according to co-founder Adam Levi.The company was registered in the European nation because it allowed...
Free Membership Required
You must be a Free member to access this content.
Already a member? Log in here
Google’s Nano Banana image-generation model, officially known as Gemini 2.5 Flash Image, has fueled global momentum for the Gemini app since launching last month. But in India, it has taken on a creative life of its own, with retro portraits and local trends going viral — even as privacy and safety concerns begin to emerge. India has emerged as the No. 1 country in terms of Nano Banana usage, according to David Sharon, multimodal generation lead for Gemini Apps at Google DeepMind, who spoke at a media session this week. The model’s popularity has also propelled the Gemini app to…
In brief The Fed delivered a 25bps cut in an 11–1 vote, but markets reacted with little enthusiasm. Bitcoin slipped 0.69% after briefly touching $117K earlier in the day. Overall market sentiment remains neutral, though predictors on Myriad lean bullish. Fed fatigue or was it simply priced in all along? Bitcoin is down a paltry...
Free Membership Required
You must be a Free member to access this content.
Already a member? Log in here
On-chain data shows that XRP whales are currently offloading their coins, which paints a bearish outlook for the altcoin. This comes as XRP struggles to stay above the psychological $3 level and risks dropping to new lows. XRP Whales Offload $480 Million Coins In Two Weeks Santiment data shows that XRP whales have dumped 160 million coins ($480 million) since around September 4, when their holdings peaked at around 6.95 billion. Since then, their XRP holdings have dropped from 6.95 billion to around 6.77 billion. These whales hold between 1 million and 10 million tokens. Related Reading There is also…
In brief A federal jury found Braden John Karony guilty of securities fraud, wire fraud, and money laundering in May. The FBI has opened a victim questionnaire to identify SafeMoon investors who may qualify for restitution and services. Observers say enforcement is catching up with DeFi, though restitution remains difficult in decentralized markets. A federal...
Free Membership Required
You must be a Free member to access this content.
Already a member? Log in here
They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved…
In brief Analysts were upbeat that the Fed would cut interest rates again and help bolster risk assets. In his post decision comments, Jerome Powell noted the bank’s concerns about a sagging job market and continued inflationary pressure. Bitcoin was trading at about $116,200, down slightly over the past 24 hours. Neither the U.S. central...
Free Membership Required
You must be a Free member to access this content.
Already a member? Log in here
Cardano (ADA) is trading at $0.876 with a daily volume of $1.28 billion, but sellers remain in control after a sharp 7% decline over two days. On-chain data from Santiment shows the Network Realized Profit/Loss (NPL) metric spiking to its highest level since July, signaling that many investors are cashing out profits. Related Reading This wave of profit-taking, while not a sign of structural weakness, has capped ADA’s recovery attempts. Analysts emphasize that defending the $0.87–$0.85 support range will be crucial to maintaining ADA’s broader bullish outlook. ADA’s price trends to the upside on the daily chart. Source: ADAUSD on…
Meta on Wednesday unveiled a new pair of Ray-Ban branded smart glasses with a built-in display for apps, alerts, and directions on the right lens. The smart glasses are controlled by a wristband that picks up on subtle hand gestures, called Meta Neural Band, the same one it unveiled at last year’s Connect as part of its Orion demo. CEO Mark Zuckerberg announced the new product, called Meta Ray-Ban Display, onstage at the company’s annual developer conference, Meta Connect 2025. Unlike Orion, Zuckerberg says this is a product that people can buy in a couple of weeks, starting September 30,…
AI chip startup Groq confirmed Wednesday that it raised a fresh $750 million in funding at a post-money valuation of $6.9 billion. This topped the rumored numbers when word leaked in July that Groq was raising. At that time, reports suggested that the raise would be about $600 million, at near a $6 billion valuation. Groq, which also sells data center computing power, previously raised $640 million at a $2.8 billion valuation in August 2024, making this more than double the valuation in about a year. Groq has now raised over $3 billion to date, PitchBook estimates. Groq has been a…