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Mamdani Imposes One-Year Moratorium on Generative AI in NYC Schools
Mamdani has imposed a one-year moratorium on generative AI in New York City schools, affecting nearly 600,000 students. Five named vendors will continue metered pilot programs in high schools, according to Decrypt.
FX Has Stopped Reading Bond Yields the Old Way. Bitcoin Should Too.
CoinDesk’s Sept. 3 market outlook says foreign exchange markets no longer interpret bond yields conventionally and suggests Bitcoin may warrant a similar analytical approach. No specific yields, currency pairs, BTC price or forecast were provided.
TrueUSD defendant given days to disclose source of legal funding in $456 million case
A TrueUSD defendant in a $456 million court case must submit an affidavit identifying sources of legal funding within days. Any sanctions would require a separate application from Techteryx.
Yen Strength Supports Bitcoin as Dollar Weakens
A stronger yen is contributing to broad U.S. dollar weakness and a lower Dollar Index, a backdrop that is currently supporting bitcoin and gold, CoinDesk reports.
Pencil Finance completes $1M onchain lending cycle for 6,600 Southeast Asian students
Pencil Finance completed a $1 million onchain lending cycle serving 6,600 students in Southeast Asia. Cointelegraph reported that the first-of-its-kind program targeted borrowers underserved by traditional lenders.
Bitcoin Moves Above $81,000 as Markets Focus on Inflation Data
Bitcoin rose above $81,000 as rates declined and the dollar weakened. CoinDesk said next week’s inflation data, rather than tomorrow’s employment report, will be key to expectations for Federal Reserve policy.
Bitcoin rises above $79,000 as rates decline and dollar weakens
Bitcoin moved above $79,000 as interest rates fell and the dollar weakened. CoinDesk said markets are now focused on next week’s inflation data, which could be more important than tomorrow’s employment report for Fed policy.
Memecoin Trading Outpaced Direct Stock Markets on Robinhood Chain
Memecoin pairs involving Robinhood’s tokenized stocks recorded $217 million in volume on Robinhood Chain on Sept. 2, exceeding the $127 million traded in direct stock-token markets, according to data compiled by Adam Tehc.
Standard Chartered Introduces Institutional Spot Bitcoin and Ether Trading in the UAE
Standard Chartered has launched institutional spot trading for Bitcoin and Ether in the UAE, Cointelegraph reports. The bank said it is the first major global bank to provide this access in the region.
Ukraine Busts Kyiv Crypto Drainer Ring Moving Up to $1M Monthly
Ukraine reportedly dismantled a Kyiv crypto-drainer ring that used fake Telegram investment ads to direct EU victims to a lookalike exchange. The operation allegedly emptied wallets and moved up to $1 million monthly.
Kalshi reportedly targets CFTC approval for WTI perpetual futures
Kalshi reportedly plans to ask the CFTC to approve a WTI crude oil perpetual futures contract. The proposed product would trade around the clock five days a week and would not have an expiration date.
Michigan Judge Blocks Kalshi Sports Bets and Threatens $500,000 Daily Fine
A Michigan judge barred Kalshi from offering sports bets in the state and threatened a $500,000 daily fine. The order called the platform’s operation sports betting “masquerading as an investment opportunity,” Decrypt reported.