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Bithumb CEO Summoned Over Bribery Scandal in South Korea

- The South Korean police have officially summoned and placed Mr. Lee Jae-won, CEO of the Bithumb exchange, under investigation as a suspect in a bribery case.
- Mr. Lee is accused of hiring a relative of a National Assembly member in connection with bribery activities.
$btc $eth
#btc #eth

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Source: Decrypt

Fold sells $45 million in Bitcoin, clears debt, stock skyrockets 162%

- Publicly traded Bitcoin fintech company Fold has offloaded $45 million worth of Bitcoin to restructure its balance sheet.
- This move allows the company to wipe out its debt, propelling Fold's stock to soar by 162% on Wednesday morning.
- $btc #btc

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Source: Decrypt

Paradigm and Hyperlipid oppose AML rules for stablecoins in the GENIUS Act

- Paradigm along with the Hyperliquid Policy Center are voicing their opposition to the AML regulations for stablecoins in the GENIUS Act.
- These organizations argue that there needs to be clearer limits on the responsibilities of issuers, DeFi apps, and validators when stablecoins are transferred across multiple parties.
- The lack of specific boundaries could complicate enforcement and create legal risks for participants in the ecosystem.

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Source: Decrypt

Bitcoin and Ethereum Keep Rallying as Inflation Hits 3-Year High

- Bitcoin and Ethereum are extending their recovery after the latest inflation data from the U.S. shows the highest levels in 3 years.
- The sharp rise in the inflation index may reinforce the central bank's decision to maintain a tight monetary policy.

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Source: Decrypt

CFTC proposes banning bets on toppling US adversaries in prediction markets

- The US Commodity Futures Trading Commission (CFTC) has rolled out new rules targeting prediction markets.
- It bans bets related to outcomes that could be influenced by war or assassination, even if the conflict isn’t explicitly mentioned.
- This regulation impacts decentralized prediction platforms that are booming in the crypto space.
- The move highlights a tightening trend on financial products linked to sensitive political events.

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Source: Decrypt

Mastercard teams up with Coinbase, Ripple allows AI payments via cards and stablecoins

- Mastercard launches the Agent Pay for Machines solution, enabling AI to automatically purchase services and settle transactions.
- The system supports payments through bank cards, traditional accounts, and stablecoins.
- Major crypto players like Coinbase and Ripple are joining forces, expanding payment capabilities for AI agents.

$btc $eth #btc #eth

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Source: Decrypt

7 key factors when choosing a crypto swap platform

- Fast transaction speed is the top priority
- Platform security must be absolutely guaranteed
- Asset availability (diverse coins/tokens) needs to be considered
- Competitive transaction fees help optimize costs
- High liquidity ensures quick order execution
- User-friendly interface, easy for newcomers
- Professional, timely customer support

$btc $eth #btc #eth

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Source: Decrypt

Bitcoin is nearing the bottom but demand is waning

- According to CryptoQuant, the Bitcoin bear market may be approaching the bottom zone.
- However, neither retail nor institutional investors are showing signs of increasing their buy into this top asset.
- Demand for Bitcoin is weakening, indicating that market sentiment remains cautious.

$btc #btc

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Source: Decrypt

MIT: AI helps spot fake news temporarily, but weakens humans' self-identification skills

- MIT's research shows that AI assistants boost short-term fake news detection.
- However, in the long run, they make users less capable of identifying misinformation on their own.
- It's crucial to be cautious when using AI for fact-checking, avoiding over-reliance.

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Source: Decrypt

The outrage of the online community over the release of Claude Fable 5 by Anthropic

- The largest release of Claude by Anthropic is causing a wave of backlash from the community.
- Key issues include: token burns, silent censorship, and mandatory data collection.
- This is being viewed as the biggest scandal for Anthropic.

$btc $eth #btc #eth

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Source: Decrypt

Tether, Nvidia, and Amazon pump $1.4 billion into humanoid robot company NEURA

- Tether, the stablecoin giant, leads a $1.4 billion Series C funding round for German humanoid robot company NEURA.
- Other investors include Nvidia and Amazon.
- NEURA will integrate crypto payment tools and edge AI into its product.

$usdt #usdt

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Source: Decrypt

Raydium Exchange on Solana Gets Exploited for $1.34 Million

- The decentralized exchange Raydium (on the Solana platform) has just been hit by a hack, resulting in a loss of $1.34 million.
- This is one of the latest DeFi attacks, highlighting the rising trend of exploits.
- Raydium plans to use its reserve funds to fully reimburse the stolen amount.

$sol $ray #sol #ray

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Source: Decrypt

CEO Anthropic warns that AI is too dangerous - just as the new generation of AI is launching

- Dario Amodei, CEO of Anthropic, is calling for binding safety rules for advanced AI models.
- This move comes as the company is gearing up for its IPO (Initial Public Offering).

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Source: Decrypt

AI researcher claims to have breached Anthropic's Fable 5 firewall

- An AI researcher going by 'Pliny the Liberator' claims to have successfully bypassed the protective barriers of the Fable 5 system developed by Anthropic.
- He stated that he 'skillfully identified vulnerabilities in the firewall that the thought police overlooked', right after the Fable 5 version was launched.

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Source: CoinTelegraph

TradFi Advisors Favor Stablecoins and Tokenization Over Bitcoin: Bitwise

- Matt Hougan from Bitwise mentioned that it's been tough to chat about Bitcoin with traditional financial advisors (TradFi) in recent meetings.
- Instead, they're more focused on stablecoins and asset tokenization.
- This reflects a trend of prioritizing practical applications over investing in Bitcoin.

$btc #btc

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Source: CoinTelegraph

Warning: ETH could drop to $1,000 if it loses key support

- Ether's open interest in futures contracts has plummeted by 25%, putting pressure on the $1,500 support level.
- If the $1,500 support is broken, the likelihood of ETH continuing to dip down to $1,000 is quite clear.
- Whether futures traders will step in to halt the deep sell-off remains an open question.

$eth #eth

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Source: CoinTelegraph

Heads up: AI Claude Mythos makes exploiting crypto vulnerabilities a breeze

- Venture capitalist Simon Dedic warns that the new AI models from Anthropic (Claude Mythos) are making it easier than ever to discover crypto vulnerabilities, with costs and skills required dropping to "almost zero".
- Even with protective mechanisms in place, the crypto community remains wary of the potential for AI technology to be misused in attacks.

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Source: CoinTelegraph

A total ban on insider trading could hurt the prediction market

- Researcher Balbinder Singh Gill suggests that a "maximum" ban on insider trading might negatively impact the prediction market.
- While insider trading can enhance today’s price accuracy, it reduces participation—which is crucial for future price utility.
- The balance between short-term accuracy and long-term liquidity is a major challenge for anti-insider trading regulations.

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Source: CoinTelegraph

Hyperliquid and Paradigm Call for Amendments to Anti-Money Laundering Rules GENIUS

- The Hyperliquid Policy Center along with investment firm Paradigm believe that the U.S. Treasury's anti-money laundering regulations under the GENIUS Act are overly burdensome.
- These organizations are particularly concerned about the negative impact on stablecoin issuers, who are required to follow excessive procedures.
- Proposed amendments aim to strike a balance between financial security and the growth potential of the stablecoin market.

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Source: CoinTelegraph

Blockchain.com launches perpetual contracts linked to SpaceX amid the IPO trading frenzy

- Blockchain.com officially rolls out a perpetual product related to the highly anticipated IPO event of SpaceX.
- This move positions Blockchain.com among top exchanges like Binance, Kraken, Bybit, and Coinbase, which have also launched similar products.
- The launch comes as the IPO trading market is experiencing explosive growth.

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Source: CoinTelegraph