Crypto News
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Clarity Act Cloture Vote Puts Focus on Whether Congress Will Debate Crypto Bill
Bitcoin Magazine’s discussion with John Deaton focused on the Clarity Act cloture vote, which would determine whether Congress can begin debating the crypto bill rather than decide its final passage.
Bitcoin Magazine
Balancer Considers Wind-Down After Restructuring Fails to Restore Revenue
Balancer is considering a wind-down after cost cuts and new products failed to revive revenue. Marcus Hardt said v3 did not replace legacy income, while a $128 million November exploit continued to weigh on adoption.
Cointelegraph
CLARITY Act Draws Opposition From 18 State Attorneys General Before Senate Vote
The CLARITY Act faces resistance from 18 state attorneys general before a key Senate vote. They say the revised bill would weaken state oversight, despite an ethics concession addressing another hurdle.
Cointelegraph
AI’s Biggest Companies Question the Pace of Development
Cointelegraph examines why major AI companies are calling for slower development, citing questions over whether technology-related risks and the economics of the race are making the current pace harder to justify.
Cointelegraph
Bitcoin Holds Near $78,000 as Nasdaq Futures Point to Weak Wall Street Open
Bitcoin remained near $78,000 while Nasdaq futures pointed to early losses before Monday’s cash session. Software shares rose in premarket trading, leaving investors to assess whether equity selling would broaden.
CryptoSlate
ByteDance Arranges $29.6 Billion Loan as AI Infrastructure Plans Expand
ByteDance has arranged a $29.6 billion loan while reportedly considering $70 billion in AI data centers and infrastructure spending, CoinDesk reports. The move comes as U.S. AI companies call for slowing the industry’s race.
CoinDesk
Anthropic Chief Calls for Slower, Safer AI Development
Anthropic’s chief urged a slower, safer pace for AI development, while OpenAI CEO Sam Altman agreed with the safety concerns. Altman also said there would be no initial share sale this year, Cointelegraph reported.
Cointelegraph
Bitcoin Surrenders Early Gains as Markets Price in Multiple Rate Hikes
Bitcoin reversed its early advance as markets priced in multiple rate hikes after August core CPI rose 0.3% monthly. Annual core inflation was 2.4%, matching forecasts and reaching its slowest pace since early 2021.
CoinDesk
BIS Chief Warns AI Investment Race Could Amplify Systemic Risks
BIS chief Pablo Hernandez warned that AI investment financed through opaque debt could create systemic risks. Citing railway and dot-com bubbles, he said hype-driven spending ahead of profits may lead to broad economic corrections.
CoinDesk
