TikTok’s Parent Company Just Borrowed $30 Billion to Go All-In on AI
Nearly 30 banks backed the rare unsecured facility as TikTok’s parent company spends heavily on AI chips, models, and overseas data centers. Source: decrypt.co Read Full Story
Bear Market
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White House has vetted candidates for key CFTC vacancies, sources tell CNBC. It’s unclear if they will be filled
Filling open commissioner positions at the regulatory agency has been a sticking point in negotiations over the Clarity Act. Source: www.cnbc.com Read Full Story
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Bitcoin’s volatility ratio against gold collapses to 6-year low as traditional safe haven turbulence surges
Bitcoin and gold are trading more like each other than at any point since 2020, even as their latest divergence tests that relationship. Their 90-day correlation has climbed to about 0.55, the highest in nearly six years, while Bitcoin’s volatility stands at 36.2% compared with 25.3% for gold. That makes Bitcoin just 1.43 times as…
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New York Fed’s Williams says yield surge due to strong economic prospects
New York Fed President John Williams said higher Treasury yields reflect a strong economy as he weighs whether another interest rate hike is needed. Source: www.cnbc.com Read Full Story
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OpenClaw 2.0 Is Here: What Changed, Why It Took Two Months, and How It Stacks Up Against Hermes
The open-source agent framework that started the “autonomous AI” hype cycle just shipped its biggest update ever, almost by accident, and it’s coming for the enterprise now. Source: decrypt.co Read Full Story
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Strategy splits $603 million share sale between Bitcoin purchases and STRC support
Strategy raised $602.8 million by selling 4,531,421 MSTR common shares in one week, then split the proceeds among a renewed Bitcoin purchase, support for its STRC preferred stock, and additional cash. The company’s Aug. 31 filing attributed $369.7 million to buying Bitcoin, $151.8 million to repurchasing 1,557,177 STRC shares, $50.7 million to STRC dividends, and…
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Jackson Hole analyst roundup: Warsh’s speech sends hike chances higher, may put Fed `at odds’ with Treasury
Fed Chair Kevin Warsh’s hawkish stance reinforced expectations of a relatively tighter stance at the Federal Open Market Committee meeting in September. Source: www.cnbc.com Read Full Story
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Bernie Sanders Vows Legislation to ‘Stop Flock and AI Mass Surveillance’
The Vermont senator warned that the surveillance company’s 120,000-plus AI cameras are pushing the US toward a “surveillance state,” adding a prominent voice to a growing bipartisan backlash. Source: decrypt.co Read Full Story
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Kraken and Galaxy flipped late as Solana approved a major supply cut
The proposal to double Solana’s annual disinflation rate has been marked Accepted after closing with 176.29 million SOL For, 66.19 million SOL Against and 20.63 million SOL Abstain, according to Validator Info. The result gives Solana validators and stakers a directional mandate to accelerate the network’s path toward lower issuance. However, it does not immediately…
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Trump ratchets up rhetoric against Beijing as U.S.-China officials meet for Xi’s Washington visit
U.S. and Chinese officials met in Beijing this week, despite the White House’s tough talk on China. Source: www.cnbc.com Read Full Story
