Market
Technology
Rumors Elon Musk’s X nears payment system launch, battles advertisers in court
X has rapidly acquired money tranmitter licenses across various US states over the past year.
Crypto
Core Scientific’s shares soar 18% after additional $2 billion CoreWeave agreement
The miner stated that CoreWeave will finance the modifications to its HPC infrastructure.
Exchanges
Binance thrives during market downturn with record $2 billion inflows despite India tax probe
Binance CEO Teng said the inflows shows investor's confidence in the crypto trading platform.
Crypto
Metaplanet looks to raise $70 million to bolster Bitcoin holdings
The Japanese firm plans to offer stock rights to directly fund a $58 million Bitcoin expansion.
Hacks
Ronin Network hit by $9.85M exploit but RON token surges 11%
White hat hacker suspected in the Ronin Network breach.
Crypto
Bitwise CIO sees Bitcoin’s potential echoing post-COVID surge
Matthew Hougan pointed out that Bitcoin's importance is growing and not shrinking.
AI
OpenAI co-founders quit amid Musk’s legal firestorm
The firm's leadership exits have renewed focus on the firm's AI safety practices.
Analysis
Ripple XRP demand in the US hits pre-SEC lawsuit levels with 14% of global volume
Ripple stated that XRP's spot trading volume ranked among the top three during the second quarter of this year.
Crypto
Capula Management reveals $464 million investment in spot Bitcoin ETFs in Q2 13F filing
Market observers said Capula's Bitcoin ETF move reflects the growing institutional interest in the sector.
AI
Elon Musk files new lawsuit accusing OpenAI co-founders of profit-driven betrayal
Musk claims he was misled into co-founding OpenAI by Sam Altman.
Crypto
Xapo Bank to offer 1% yield on Bitcoin in UK
Xapo Bank stated that its moves reflects UK's unique position in embracing the emerging industry.
DeFi
DeFi giant Aave achieves $6M revenue in volatile market conditions
The DeFi sector was praised for performing optimally despite the broader market turmoil.
