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JPMorgan has downplayed the potential threat posed by stablecoins to the traditional banking sector, despite warnings from local bankers about a significant risk of $6.6 trillion. The bank's analysts believe that the impact of stablecoins on the financial system is manageable and that their growth may not
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Insiders report that DeepSeek V4, an advanced coding AI, is set to outperform competitors like Claude and ChatGPT. The new version is designed to enhance coding capabilities significantly, making it a strong contender in the AI programming space. The launch is anticipated to occur within the next few weeks, generating
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Walmart and Google are collaborating to develop AI agents aimed at transforming the online shopping experience. This partnership will leverage advanced artificial intelligence to enhance customer interactions and streamline the purchasing process. The AI agents are designed to provide personalized recommendations and assist shoppers in finding products more efficiently. This
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Ethereum's future development is heavily dependent on the implementation of zero-knowledge proofs, according to a director from the Ethereum Foundation. These cryptographic techniques enhance privacy and scalability, potentially allowing for more efficient transactions on the network. The integration of zero-knowledge proofs is seen as crucial for Ethereum to
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Ethereum co-founder Vitalik Buterin has expressed concerns about the inherent flaws in decentralized stablecoins, highlighting issues such as governance and collateralization. He noted that while decentralized stablecoins aim to provide a more resilient alternative to traditional fiat-backed stablecoins, they still face significant challenges that could undermine their stability and effectiveness.
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As the cryptocurrency market experiences a significant downturn, investors are increasingly turning to gold as a safer asset. This shift is driven by rising inflation and economic uncertainty, prompting a renewed interest in gold's stability. Analysts suggest that gold is being viewed as a hedge against the volatility
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Tennessee has ordered Kalshi, Polymarket, and Crypto.com to cease their sports betting contracts due to regulatory concerns. The state's action stems from the companies' operations involving prediction markets, which officials believe may violate state gambling laws. The Tennessee Education Lottery Corporation emphasized the need for compliance
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The U.S. Senate is advancing toward a vote on a proposed market structure for cryptocurrencies, which aims to establish clearer regulations for digital assets. This initiative is part of broader efforts to enhance oversight and protect investors in the rapidly evolving crypto landscape. Key provisions of the proposal include
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Robinhood has announced its development of an Ethereum layer-2 solution, emphasizing the importance of security derived from the Ethereum network. The company aims to enhance transaction speed and reduce costs for users while maintaining the robust security features of Ethereum. This move is part of Robinhood's broader strategy
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Insiders report that DeepSeek V4, an advanced AI coding tool, is set to outperform existing models like Claude and ChatGPT in programming tasks. The launch is anticipated within the next few weeks, generating excitement in the tech community. DeepSeek V4 is expected to offer enhanced capabilities and efficiency for developers.
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Tennessee has ordered Kalshi, Polymarket, and Crypto.com to cease their sports betting contracts, citing violations of state regulations. The state's decision comes as part of a broader effort to enforce compliance within the sports betting industry. Officials emphasized the importance of adhering to legal standards to protect
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The U.S. Senate is progressing towards a vote on a new market structure for cryptocurrencies, which aims to clarify regulatory frameworks and improve investor protection. The proposed legislation seeks to establish a comprehensive regulatory approach that would address issues such as market manipulation and transparency. Key stakeholders, including industry