What Chinese liquor maker Moutai’s slump says about the country’s economy
Kweichow Moutai’s half-year report showed a rare drop in net profit, following the first annual drop on record. Source: www.cnbc.com Read Full Story
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Solana Policy Institute CEO says Clarity Act in ‘August recess purgatory,’ gives it 10% odds before midterms
Miller Whitehouse-Levine urged regulators to move quickly, saying the industry “can’t afford to keep waiting for Congress.” Source: www.theblock.co Read Full Story
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OpenAI Overhauls Safety Protocols After Its AI Agents Went Rogue
The ChatGPT maker says its upcoming Astra model may have reached “critical” cyber capabilities, prompting it to halt a significant number of training runs while it tightens internal safeguards. Source: www.wired.com Read Full Story
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5% Treasury Yields Won’t Crush Record-High Stocks. Can Bitcoin Say the Same?
Wall Street’s biggest bears have gone quiet on 5% Treasury yields. Bank of America Private Bank Chief Investment Officer Chris Hyzy says the level no longer scares stocks the way it once did. The bigger question is whether Bitcoin can also fight off the bear case high treasury yields can bring for risk-on assets. While…
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Kraken Parent Payward Joins Glasswing, Gets Access to Claude Mythos to Hunt Security Flaws
Payward is joining Project Glasswing, Anthropic’s program for giving vetted organizations access to its powerful cybersecurity AI. Source: decrypt.co Read Full Story
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Robinhood Chain TVL surges 45% in August as tokenized RWAs lose ground
Stablecoin market cap on the chain has reached $640 million, the bulk of which has come from USDe. Source: www.theblock.co Read Full Story
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Wispr raises $280M at $2B valuation as it looks beyond dictation
The funds will allow Wispr to increase its footprint as it ventures into new areas, such as meetings, with its newly released note-taker tool. Source: techcrunch.com Read Full Story
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Whisker’s AI-powered litter robot thinks my cats swapped bodies
The greatest invention in pet tech in recent years is the litter robot. A machine that scoops your kitties’ poop so you don’t have to – what else could a cat owner possibly want? How about insights into your kitty’s litter box usage that could flag health issues? Sign me up. But I have two…
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Semiconductor Giants Are Busy Backing Startups This Year
Anyone with a stock portfolio has invariably noticed that semiconductor companies are on a tear this year. Massive AI spending has helped push earnings and valuations for industry leaders to record levels. In turn, semiconductor giants are investing record sums in startups. So far this year, the sector’s most valuable companies have participated in rounds…
