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Bitcoin and ether's sharp 'mechanical' breakouts liquidate nearly $700 million short positions

Bitcoin and ether experienced significant price surges, leading to the liquidation of nearly $700 million in short positions. This sharp upward movement is described as a "mechanical" breakout, indicating a rapid shift in market dynamics. The increase in prices has caught many traders off guard, resulting in substantial losses for those betting against the cryptocurrencies. Analysts suggest that this volatility reflects ongoing market sentiment and the potential for further price fluctuations in the near future.

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AI, Impersonations Drove Crypto Scam Losses to Record $17 Billion in 2025: Chainalysis

In 2025, crypto scam losses reached a record $17 billion, driven largely by the rise of artificial intelligence and impersonation schemes, according to Chainalysis. The report highlights that scammers increasingly used AI tools to create convincing fake identities and messages, making it easier to deceive victims. Phishing attacks and fraudulent

Robinhood CEO Says AI Could Spark a ‘Job Singularity’

Robinhood CEO Vlad Tenev has warned that advancements in artificial intelligence (AI) could lead to a "job singularity," where a significant number of jobs are rendered obsolete. He emphasized that while AI has the potential to enhance productivity, it may also create widespread unemployment if not managed properly.

Coinbase pulls support for major crypto bill. Here's what it means for the industry

Coinbase has withdrawn its support for a significant cryptocurrency bill aimed at establishing a regulatory framework for the industry. This decision comes amid concerns over the bill's provisions, which Coinbase believes could stifle innovation and impose excessive regulations. The move has raised alarms among industry advocates who fear

X Tightens Grok Image Generation Following International Backlash

X has implemented stricter controls on its Grok image generation feature after facing international backlash over the potential misuse of AI-generated content. The platform received criticism for allowing users to create misleading or harmful images, prompting concerns from various stakeholders, including governments and advocacy groups. In response, X has introduced

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AI, Impersonations Drove Crypto Scam Losses to Record $17 Billion in 2025: Chainalysis

Robinhood CEO Says AI Could Spark a ‘Job Singularity’

Coinbase pulls support for major crypto bill. Here's what it means for the industry

X Tightens Grok Image Generation Following International Backlash