‘It has to pass’: Andrew Cuomo warns U.S. is falling behind on crypto rules
Former New York Gov. Andrew Cuomo says the CLARITY Act is key to linking crypto and traditional markets. Source: www.coindesk.com Read Full Story
Ethereum
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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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Wallet provider SafePal says data breach exposed personal info of nearly 40,000 customers
SafePal said it found the root cause of the breach recently, though customers had posted online about being targeted by phishing attempts as early as July. Source: www.theblock.co Read Full Story
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Apple Turns to Alibaba to Help Build AI Model for China
Apple is pairing its in-house model with Alibaba’s Qwen as it prepares to bring Apple Intelligence to Chinese iPhones. Source: decrypt.co Read Full Story
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Gen Z favors ETFs and trades less than older cohorts: Binance
Binance data showed Gen Z allocating a growing share of equity activity to ETFs while trading less frequently and using less leverage than older working-age cohorts. Source: cointelegraph.com Read Full Story
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U.S. SEC to again delay ‘innovation exemption’ for tokenization amid Wall Street, White House concerns
The SEC was ready to release at least some part of the innovation exemption alongside its now-canceled open meeting for “Reg Crypto” on Friday. Source: www.coindesk.com Read Full Story
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Novo Nordisk CEO Concedes Eli Lilly’s Market-Share Gains as Stock Slumps
Novo Nordisk’s stock keeps falling even when the news is good, and CEO Mike Doustdar just admitted why. Eli Lilly is beating Novo at its own game. Doustdar sat down with CNBC’s Jim Cramer this week to explain the disconnect. Novo, famous for its GLP-1 medication Ozempic, raised its full-year sales guidance on August 4,…
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BTCPay Backers Offer Bitcoin Bounty After Wallet Exploit
The reward aims to recover Bitcoin stolen after attackers gained access to connected LND wallets. Source: decrypt.co Read Full Story
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Thailand’s 0% crypto tax. Bitcoin Red Team forced to use Chinese AI: Asia Express
The Bitcoin Red Team has been forced to rely on open source Chinese AI, after OpenAI restricts access. Thailand sets crypto tax to 0% in bid to become crypto hub. Source: cointelegraph.com Read Full Story
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Is Clarity’s delay a blessing in disguise?: State of Crypto
The crypto industry is angry and disappointed that the Senate is not holding a procedural vote on the Clarity Act this month, but that isn’t the worst possible outcome. Source: www.coindesk.com Read Full Story
