Las Vegas businessman convicted in $24 million 'AI supercomputer' crypto Ponzi scheme
Brent Kovar has been found guilty of running a crypto Ponzi scheme, defrauding at least 400 investors out of $24 million. Source：CoinDesk
The debt-fueled AI build-out may already be too big to fail
The Federal Reserve’s pandemic corporate credit facilities have capped downside risks and remain part of its tool kit, says BofA Global Source：MarketWatch
A bitcoin short squeeze for the ages as futures open interest collapses
Falling open interest and subdued funding rates suggest the rally remains structurally healthy. Source：CoinDesk
Business owner faces up to 280 years over $24M crypto Ponzi scheme
A federal jury convicted Brent Kovar of wire fraud, mail fraud and money laundering after he took $24 million from at least 400 investors. Source：Cointelegraph
Live updates: Bitcoin ETFs draw a seventh straight day of inflows as the rally holds above $80,000
Spot bitcoin funds took in $337.56 million on Aug. 24, extending an unbroken run of inflows that has now put real money behind a rally that started with a…
Treasury’s bond buyback plan fights the market and heightens the danger, billionaire Druckenmiller says
The billionaire investor argues the intervention removes a vital check on government borrowing and fiscal accountability while markets remain the better judge…
Crypto rally spills into dog and cat memecoins as smaller tokens double in a week
Robinhood Chainbased Cash Cat jumped more than 50% in a day, while several smaller animalthemed tokens have gained between 50% and 130% over the past week.…
Bitcoin traders place $2.9 million bet on a rapid price jump above $82,000
Traders are spending millions to position for further Bitcoin upside after its staggering rally to $80,000, though demand for downside protection remains firm,…
BNB Chain activates Pasteur hard fork to strengthen bridge security
BNB Chain activates the Pasteur hard fork on BSC, closing bridge and validator security gaps while targeting greater transaction capacity. Source：Cointelegraph
CFTC, US soldier accused of illegal Polymarket bet spar over interpretation of prediction markets
A judge stayed the CFTC’s civil case against a soldier who allegedly used nonpublic information for a Polymarket bet, but the regulator is trying to weigh in…
SpaceX plans to put Nvidia-powered AI satellites in orbit next year
Elon Musk’s company now plans to launch orbital data centers by the end of next year. Source：MarketWatch
Trump suggested states should fund Medicare — which would weaken the program and put Americans at risk
A statebased financing system would introduce a new layer of uncertainty Source：MarketWatch