China
Senate Republicans are pushing forward with a vote on a cryptocurrency regulation bill, but its passage remains uncertain due to a lack of support from Democrats. The proposed legislation aims to establish a framework for digital asset oversight and address concerns related to investor protection and market stability. While some
China
Insiders report that DeepSeek V4, a new AI coding tool, is set to outperform existing models like Claude and ChatGPT. The launch is expected to occur within the next few weeks. DeepSeek V4 is designed to enhance coding efficiency and accuracy, potentially revolutionizing how developers approach programming tasks. The anticipation
China
The UK's Financial Conduct Authority (FCA) has announced that all registered crypto companies must reapply for approval to continue operating in the country. This decision comes as part of the FCA's efforts to enhance regulatory oversight and ensure compliance with anti-money laundering and counter-terrorism financing regulations.
China
Tether has reportedly invested up to $50 million in the cryptocurrency lender Ledn, which is valued at $500 million. This investment aligns with Tether's strategy to diversify its portfolio and support the growth of the crypto lending sector. Ledn offers services such as Bitcoin-backed loans and interest accounts,
China
Crypto exchange OKX has announced a reduction in its institutional staff as part of a global restructuring effort. This decision comes amid ongoing challenges in the cryptocurrency market and aims to streamline operations. The company is focusing on enhancing its core business and adapting to changing market conditions. OKX has
China
In December, the U.S. economy added 50,000 jobs, indicating a steady job growth despite challenges. The unemployment rate decreased to 4.4%, reflecting improvements in the labor market. This job growth suggests resilience in the economy amid various pressures. Analysts view these figures as a positive sign for
China
The CoinDesk 20 index has shown little movement, trading flat in recent sessions. Among the cryptocurrencies, Polygon has stood out with a notable gain of 11.2%. This performance update highlights the varying trends within the crypto market, with some assets experiencing significant fluctuations while the overall index remains stable.
China
The UK Financial Conduct Authority (FCA) has announced that all registered crypto companies must reapply for approval to continue operating under the country's regulatory framework. This decision is part of the FCA's efforts to enhance oversight and ensure compliance with anti-money laundering regulations. Companies will need
China
Australia's financial regulator has raised concerns about Grok, an AI image generation platform, amid a surge in complaints regarding the misuse of AI-generated images. The Australian Securities and Investments Commission (ASIC) is particularly focused on the potential for Grok to facilitate misleading advertising and fraudulent activities. The regulator
China
Bitcoin exchange-traded funds (ETFs) have experienced a three-day streak of outflows, leading to a decline in optimism surrounding their market performance. This trend has erased the gains made earlier in the month, raising concerns among investors. Analysts suggest that the outflows may be a reaction to broader market conditions and
China
SharpLink, a treasury management firm focused on Ethereum, has staked $170 million worth of ETH on the Linea network, which is designed for Layer 2 scaling solutions. This significant investment aims to enhance the firm's yield generation capabilities and strengthen its position within the Ethereum ecosystem. The move
China
A ruble-backed stablecoin has gained significant traction, outperforming major market leaders in 2022 despite the impact of international sanctions on Russia. The stablecoin's growth is attributed to increased demand for digital assets within the country as traditional financial systems faced restrictions. Analysts suggest that the stablecoin's