News
Latest financial news from Reuters, CoinDesk, and leading wire services
Bitcoin Nears $63,500 After Weekend Rally Ahead of Weekly Close
Bitcoin approached $63,500 after a weekend rally but faces a historically weak Monday, according to CoinTelegraph.
Amazon Halts New Sign-Ups for Mechanical Turk Service
Amazon will stop accepting new customers for its Mechanical Turk microtask platform, according to TechCrunch.
Google Deepmind Developer Ports Classic RTS Game to iOS Using Anthropic’s Claude Code
A Google Deepmind developer used Anthropic’s Claude Code to port the 2003 game Command & Conquer: Generals Zero Hour to iOS in just 40 minutes.
Americans Trade $571 Million on Polymarket Despite Regulatory Ban
Despite a U.S. ban, Americans have traded $571 million on Polymarket's political prediction markets, according to CoinDesk.
Baidu Unveils Advanced OCR System Capable of Processing Multiple Pages at Once
Baidu's new OCR system processes dozens of pages at once using a novel attention mechanism, achieving top benchmark performance.
South Africa Proposes Draft Guidance on Crypto Taxation Under Existing Rules
South Africa’s tax authority has proposed draft guidance clarifying how crypto assets are taxed under existing income and capital gains tax rules, with public input open until August 31.
US Wealthy Families Turn to AI-Powered Private Schools for Personalized Education
Wealthy US families are enrolling children in AI-driven private schools like Alpha School, combining AI tutoring and workshops for up to $75,000 annually, according to The Decoder.
Mistral CEO Cautions Against Closed AI Models, Emphasizes EU Sovereignty
Mistral's CEO warns against closed AI models over data privacy and positions the company around EU sovereignty despite performance gaps with leading AI providers.
Binance Sees $1.23 Billion Weekly Outflows Amid Surge in Ethereum Withdrawals
Binance saw a 207% weekly increase in net outflows, hitting $1.23 billion, led by Ethereum withdrawals reaching a three-year peak.
Bytedance’s AI Tool Seedance Faces Hollywood Backlash Amid Secret Studio Use
Bytedance’s AI video tool Seedance received a cease-and-desist from the Motion Picture Association amid secret ongoing use by studios, highlighting tensions around AI in entertainment.
AI Search Agents Struggle Without Clarifying Questions, Study Finds
DiscoBench shows AI search agents perform worse without clarifying questions, with accuracy improving significantly when ambiguity is removed.
Ethereum Foundation Eyes New Virtual Machine to Boost Privacy and Scalability
The Ethereum Foundation is exploring a new virtual machine using leanISA and RISC-V to enhance Ethereum’s privacy and scalability, according to CoinTelegraph.
Moonbeam Shifts Focus from Polkadot to Base and Introduces AI Agent Framework
Moonbeam is transitioning its GLMR tokens from Polkadot to Base and revealed plans for an AI agent framework, with a bridging deadline set for July 31.
Ethical Hackers Identify Major Crypto Security Flaw Threatening $70 Billion
Ethical hackers using a $3,000 server found a security flaw that could have endangered $70 billion in cryptocurrency, CoinDesk reported.
Bitcoin Recovers Above $63,000 After Late June Dip
Bitcoin has climbed above $63,000, reversing losses recorded at the end of June, according to CoinDesk.
New Tool pxpipe Cuts AI Prompt Costs by Converting Text to Images
pxpipe reduces AI prompt costs by converting long text inputs into PNG images, cutting expenses by up to 70% according to The Decoder.
Midjourney Pushes Hollywood Studios to Disclose AI Usage in Legal Dispute
Midjourney is legally pressuring three Hollywood studios to reveal their AI usage, highlighting rising industry concerns over transparency and technology.
Alibaba Labels Claude Code as High-Risk Software, Restricts Employee Use
Alibaba has designated Claude Code as high-risk software and restricted employee access, signaling heightened caution around AI tools.
Kalshi Sees Record Trading Volume in June Amid FIFA World Cup Expansion
Kalshi's trading volume hit a record high in June, fueled by increased activity related to the expanded FIFA World Cup, CoinTelegraph reports.
Trump’s Crypto Token Investors Face $3.8 Billion Loss, CoinDesk Reports
Investors in Trump’s crypto token have lost $3.8 billion, according to CoinDesk data.
Mistral AI Raises Funding to Advance Open Source AI Models
Mistral AI, founded in 2023, has raised significant funding to develop open source AI models aimed at broadening access to advanced artificial intelligence.
EU Moves to Restrict Retail Investor Access to Prediction Markets Boom
The EU is restricting retail investors from joining the booming multibillion-dollar prediction markets, according to CoinDesk.
Revolut to Remove USDT from Platform and Convert Holdings After August 31
Revolut will delist USDT after August 31 and convert user holdings into base currencies, according to CoinTelegraph.
Tim Draper Refutes Claims of Moving 1,000 BTC to Coinbase Prime
Tim Draper denies transferring 1,000 BTC to Coinbase Prime while reaffirming his $250,000 Bitcoin price prediction, according to CoinTelegraph.
Anthropic Enters Drug Discovery to Target Neglected Diseases
Anthropic launches drug discovery efforts targeting neglected diseases, while Novartis CEO highlights AI's potential to speed up development and improve success rates.
Study Shows AI Use Speeds Homework but May Harm Exam Performance Over Time
A study of over 26,000 Chinese students found AI use sped up homework and improved scores but led to worse exam results after two years, according to The Decoder.
XRP Gains 8% as Holder Losses Suggest Improved Entry Opportunity
XRP rose 8% as losses among major holders point to better risk-reward conditions for buyers, CoinDesk reports.
Bitcoin’s Next Major Price Surge May Require $1 Trillion in New Investment
CoinDesk reports that Bitcoin’s next major price rally may require $1 trillion in new capital investment.
Mistral AI Launches Leanstral 1.5, Uncovering New Bugs in Open-Source Code
Mistral AI's new open-source model Leanstral 1.5 passed formal benchmarks and found five unknown bugs in open-source code.
Bitcoin’s Profit and Loss Ratio Hits Lowest Point in Over Three Years
Bitcoin's profit and loss ratio has fallen to a 43-month low, with experts suggesting the market bottom may be near and urging investors to consider buying now.