Bitcoin Slides to $26.5K Amid Surging U.S. Dollar; Record-High Rates Are ‘Nightmare’ for Crypto Firms
BTC slid to $26,500 as interest rates and the U.S. dollar surged while equities declined.Source
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Judge Blocks Sam Bankman-Fried’s Proposed Witnesses From Testifying
Judge Lewis Kaplan, who’s overseeing Sam Bankman-Fried’s trial, granted the U.S. Department of Justice’s motion to block all of the FTX founder’s proposed witnesses from testifying at his trial next month.Source
NFTs Aren’t Dead Just Yet (But the MSM Might Be)
The success of a recent post from Rolling Stone calling NFTs worthless struck a nerve. But the reality is more complicated and more hopeful.Source
‘You Can Do Nothing’: Crypto Trading Titans Are Yelling at Each Other on Elon Musk’s X
“I never thought that you could be THAT scared of us,” DWF’s Andrei Grachev posted on X. Wintermute’s Evgeny Gaevoy: “We are trembling in your presence.”Source
Ex-Senator Who Once Shepherded Crypto Legislation Sees No Path in Current Congress
Former U.S. Sen. Pat Toomey, who tried and failed to push his own crypto legislation through Congress before leaving at the start of the year, can’t see how the current Senate will have any better luck, despite recent progress in the House of Representatives.Source
Polygon Emerges as Suitor for Celo’s New Layer-2 Blockchain, Competing With OP Stack
Celo, which is ditching its standalone blockchain in favor of a new “layer-2” network atop Ethereum, had originally signaled plans to rely on Optimism’s OP Stack, a similar customizable kit to Polygon’s but using Optimism’s “optimistic” technology.Source
Is Crypto-AI Really a Match Made in Heaven?
There’s lots of talk these days about how blockchains can make AI safe for human consumption. But is the idea, widely touted in the crypto community, workable in practice? Jeff Wilser takes a critical look.Source
Top 3 Crypto Myths Tackled for Advisors
Christopher Jensen from Franklin Templeton tackles myths about crypto in the Crypto for Advisors newsletter.Source
Stablecoin Issuer Tether Ventures Into AI With Northern Data in $427M Nvidia Chip Splurge
Damoon, a Tether subsidiary in which Northern Group acquired a stake earlier this year, has purchased $427 million of Nvidia chips for generative AI cloud computing.Source
NEAR Foundation’s Marieke Flament Steps Down as CEO
General Counsel Chris Donovan will assume her role at the organization behind the NEAR protocol.Source