U.S. agencies failed to release the final rules for the GENIUS Act, a stablecoin regulation law, by the July 18 deadline. The provisions of the document allocated exactly one year from the “>signing date. The law tasked financial regulators—the Office of the Comptroller of the Currency (OCC), the Federal Reserve System (FRS), the Federal Deposit […]
The Coinbase Premium Index for Bitcoin has remained in negative territory for 60 consecutive days, marking a record low according to Coinglass data. Source: Coinglass. The last time the index recorded a value above zero was on May 19. As of July 18, the index stands at -0.05%. The previous longest negative streak lasted 40 […]
Smartphone shipments in India fell by 10% year-on-year from April to June, marking the worst second-quarter performance in six years, according to Counterpoint Research. The decline is attributed to the rising cost of memory chips amid the AI boom. Industry leaders like Samsung, SK Hynix, and Micron are shifting production to HBM for data centers, […]
CryptoQuant analysts have described the new Strategy capital management program as a step towards reducing liquidity risks. However, they noted that the company still lacks clear rules for buying and selling the leading cryptocurrency. Strategy changed course just six days after our warning. The company has now: • Paused Bitcoin purchases• Rebuilt its USD reserve […]
IOG, the primary developers of the Cardano (ADA) blockchain, have transferred control of a Haskell-based network node to the community. Cardano’s protocol and governance are already decentralized. Now its engineering is too. “The last stage of the Voltaire era is full decentralization of node and reference blueprint development. Since 2024, IOG and its partners have […]
This week, “Deconstruction” focuses on new crypto market regulations in Russia, AI replacing developers at Coinbase, and market manipulation in prediction markets. We also discuss saving the economy from neural networks, contrasting cryptocurrency regulations in Asia, and user de-anonymization using OSINT. New Limits in Russia The State Duma has prepared a bill to regulate the […]
From July 13 to 17, spot Bitcoin ETFs saw a net inflow of $75.5 million, marking their second consecutive positive week, according to SoSoValue data. Inflows into spot Bitcoin ETFs. Source: SoSoValue. The main driver was BlackRock’s IBIT, with $204.1 million. The largest outflow was from Fidelity’s FBTC, totaling $181.1 million. During the same period, […]
The State Duma’s Financial Market Committee has revised the draft law “On Digital Currency and Digital Rights” for its second reading. The new version proposes changes to the mechanism for blocking transfers related to the illegal circulation of cryptocurrencies. The initial draft of the bill proposed two registries to be maintained by an authorized body: […]
The rise in the use of stablecoins could lead to a reduction in retail bank deposits, according to European Central Bank (ECB) Executive Board member Piero Cipollone at the annual Federcasse meeting. Together we will strengthen trust in money and the banking system, says Executive Board member Piero Cipollone in a @FedercasseBCC lecture. The digital […]
The Thinking Machines Lab, led by former OpenAI CTO Mira Murati, has released its first open AI model, Inkling. Today, we are introducing Inkling. Inkling reasons efficiently across text, image, and audio modalities. We are making the full weights available.https://t.co/Ghebq5mG30 Available today for fine-tuning on Tinker. Play with it in the Inkling Playground. 🧵— Thinking […]