Category: crypto
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Japan reclassifies cryptocurrency as financial instrument in major legislative change
The Japanese government amended the Financial Instruments and Exchange Act to officially classify cryptocurrency as financial instruments. New regulations ban insider trading and require asset issuers to provide transparent financial disclosures annually. The government is also overhauling the tax structure to encourage market participation and plans to legalize crypto exchange-traded funds by 2028.
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World Liberty addresses risk concerns over 5B WLFI collateral position on Dolomite
World Liberty Financial dismissed concerns over its borrowing on Dolomite as “FUD,” despite depositing 5 billion WLFI tokens to borrow $75 million in stablecoins before a major foreign policy announcement. Analysts warn of liquidation risks due to the high concentration of WLFI on Dolomite, but World Liberty maintains confidence in its position.
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OpenAI launches paid Safety Fellowship
OpenAI launched a Safety Fellowship offering $3,850 weekly stipends to researchers studying risks of advanced AI, after dissolving internal safety teams. The fellowship runs from September 14, 2026 to February 5, 2027, focusing on various safety areas. Fellows work independently, with access to resources and mentorship, but not internal systems.
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Meta cuts 200 in California amid AI push
Meta is cutting 198 California jobs while planning $115 billion to $135 billion in 2026 capital expenditure on AI infrastructure. The cuts are part of ongoing restructuring, with 519 positions eliminated in 2026. CEO Mark Zuckerberg sees AI as reducing the need for human workers, despite hiring for specialized roles.
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Hegseth fires Army chief in Iran war
Defense Secretary Pete Hegseth shocked military officials by firing Army Chief of Staff Gen. Randy George while the 82nd Airborne Division deployed to the Middle East, replacing him with Gen. Christopher LaNeve. The firing was due to clashing personalities, not policy disagreements. This is part of a pattern of Hegseth removing senior military officials since…
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Fuller wins Greene’s old seat
Republican Clay Fuller won the special election runoff in Georgia’s 14th Congressional District by 12 points, a significant decrease from the 37-point margin that Donald Trump won by in the same district 18 months ago. Fuller’s victory adds a reliable Republican vote in the House, while Democrat Shawn Harris’s strong showing hints at potential Democratic…
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Liberals grow majority to 5-2
Democratic-backed judge Chris Taylor won the Wisconsin election by a 20-point margin, giving liberals a 5-2 majority on the state Supreme Court through 2030. The result, along with a Democratic swing in Georgia, suggests strong enthusiasm for the party. The court’s decisions could impact redistricting, voting rights, and labor laws.
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ICE shoots man in California stop
ICE agents shot an undocumented immigrant during a traffic stop in California, leading to national attention. The FBI took over the investigation, with conflicting reports on whether the man tried to run over officers. The incident was captured on dashcam footage and raised questions about ICE’s use of force and immigration enforcement policies in 2026.
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Bittensor price risks $297 after double rejection
Bittensor (TAO) is trading at $325.1, down 3.04% after rejecting a descending trendline twice near $355 to $371 within two weeks. The daily MACD has confirmed a bearish crossover. Support is at $297.5, with a break below targeting $263.7. Grayscale’s increased TAO weighting may prevent a sustained breakdown.
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Worldcoin price risks new all-time low at $0.24
Worldcoin price is at $0.2602, down 3.77%, with a descending channel pushing price towards the all-time low of $0.2415. The daily Supertrend at $0.3088 acts as resistance. A close below $0.2415 could lead to a new low at $0.20. Balances on exchanges are increasing, adding selling pressure.