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Record U.S. diesel prices could add to consumer inflation and reinforce expectations of further Federal Reserve rate hikes as the central bank responds to an oil supply shock. Bitcoin and gold are struggling.
Hackers claiming responsibility for a Revolut data breach reportedly demanded $3 million in Monero and issued a 24-hour payment deadline. They threatened to sell allegedly stolen customer data if the fintech firm refused.
The Celsius estate is suing BitMEX over the alleged wrongful liquidation and seizure of 6,360 BTC, worth nearly $490 million, during the March 2020 market crash. The lawsuit comes ahead of BitMEX’s exchange closure.
Avalanche’s Sept. 22 upgrade will reduce validator lockups to 48 hours and add auto-renewal. CryptoSlate reports that the shorter commitment period will also make securing rewards for a full cycle more difficult.
Goldman expects the Federal Reserve to raise interest rates by 25 basis points in October, citing the central bank’s hawkish near-term rate projections, CoinDesk reports.
Ethereum client-diversity estimates are diverging as key tracking tools break. CryptoSlate reports that daily key rotation may further reduce the public signals used to detect concentrated infrastructure risk.
US lawmakers have advanced a bill seeking to codify Trump’s Bitcoin reserve policy. The proposal would lock Bitcoin acquired through civil and criminal forfeiture into the reserve for 20 years, Cointelegraph reports.
Bitcoin miners have signed over $100 billion in AI contracts, but only about 550 megawatts of contracted capacity is currently billing. Annualized revenue is approximately $1.1 billion, despite more than 4 gigawatts under contract.
A crypto tax bill cleared a House committee after a Clarity Act setback. The proposal would exclude qualifying crypto fees from gain-or-loss calculations and restrict tax-loss deductions for tokens quickly sold and repurchased.
A crypto tax bill cleared a House committee after a setback for the Clarity Act, Decrypt reported. The proposal would exempt qualifying crypto fees from gain-or-loss calculations and restrict deductions after quick token repurchases.
Meta is reportedly developing smart glasses without a camera, a design that could help address privacy concerns linked to AI wearables. Decrypt reported the potential product, though Meta has not provided launch, pricing or specification details.
Meta is reportedly developing smart glasses without a camera, potentially addressing a major privacy concern linked to AI wearables. Decrypt said the proposal could reshape how the company approaches acceptance of its glasses.
