Category: crypto

Jake Brukhman highlighted the Anthropic export-control dispute to emphasize the importance of decentralized AI networks as a counterbalance to centralized model control. He discussed the shutdown of Anthropic models, the use of distributed GPU training, and Pluralis’ tokenized AI model ownership approach. Brukhman emphasized the need for new training methods in the AI industry.

India’s Income Tax Department issued over 44,000 notices related to virtual digital asset filings, uncovering Rs 888 crore in hidden income. Tax checks have become stricter, with investors required to report each trade, swap, and disposal under Schedule VDA. Exchange data is being used to track mismatches, and offshore holdings are facing increased scrutiny.

Trump suggested a peace deal with Iran could be signed on Sunday, but Tehran disagreed on the timeline. The reopening of the Hormuz Strait could impact energy markets and potentially boost Bitcoin. Uncertainty remains as Iran has not confirmed the signing date. Crypto traders are cautious despite hopes for a peace deal.

Pyth Network is gaining attention for expanding into institutional financial data beyond DeFi. The project has recovered from recent lows but faces concerns about major token unlocks. Pyth is now focusing on institutional clients, offering data services in competition with traditional financial providers. Traders are monitoring adoption growth and supply entering markets.

The Bangko Sentral ng Pilipinas (BSP) has imposed stricter requirements on virtual asset service providers (VASPs), requiring thorough screening, monitoring, and delisting procedures for cryptocurrencies offered to customers. Privacy-focused cryptocurrencies are prohibited. VASPs must conduct due diligence before listing assets, monitor assets continuously, and establish delisting triggers for higher-risk assets. Regulatory oversight of the digital…

Litecoin’s large holders increased their positions while transaction activity remained weak. Whale and shark wallets holding at least 10,000 LTC increased by 42 over five months, representing a 7% rise. The discussion around LitVM, aiming to bring smart contracts through zkLTC, fueled fresh interest. Litecoin’s price rose 1.28% to $42.95.

The Commodity Futures Trading Commission is suing New Mexico officials over state attempts to regulate prediction markets, specifically targeting Kalshi contracts. The lawsuit argues that federally regulated exchanges fall under the CFTC’s jurisdiction, while New Mexico claims Kalshi offered unlicensed sports betting. This lawsuit adds to the conflict between state and federal authorities over prediction…

Blockworks has acquired Messari at a $192 million valuation to strengthen its presence in the crypto data infrastructure sector. The deal combines crypto asset disclosures, market data, research, and API services under one platform. Blockworks plans to connect issuers with institutional users and sees AI increasing demand for crypto information infrastructure.

Humanity Protocol’s $36 million token theft was attributed to North Korea-linked hackers by Quantstamp. Attackers gained access to private keys from a compromised developer device, leading to the theft of 141 million H tokens. The breach did not exploit smart contracts but compromised credentials. The incident caused a sharp sell-off in the H token’s value.

Grayscale Investments updated its filing for a proposed spot NEAR ETF, including changes to custody, disclosures, and NEAR ecosystem data. The filing follows increased interest in AI-linked crypto assets due to SpaceX’s IPO. Grayscale continues seeking regulatory approval for the ETF as investor interest in AI-linked crypto assets grows.