The ECB is virtually certain to hike rates Thursday. Here is why Wall Street is bracing for what comes next.
While nearly all observers anticipate a rate hike today, there is dissent among bond markets about the terminal rate for this tightening cycle from the ECB.…
Iran eases currency rules to bypass US sanctions with crypto: Report
Exporters can now fund imports with overseas earnings without first selling their foreign currency at official rates, the Financial Times reported.…
Jack Dorsey’s Block seeks US trust bank charter for Bitcoin, stablecoin
The proposed Builders Bank would offer federally supervised digital asset custody but would not accept deposits or issue loans. Source：Cointelegraph
Anthropic researcher quits with a warning on AI that echoes 'The Terminator' script
The people building AI earnestly believe that it could kill us all by the end of the decade, Coxon said on X, explaining his resignation. Source：CoinDesk
Gemini receives Singapore payment license for crypto services
Gemini’s local entity is authorized to provide digital payment token and crossborder money transfer services without standard transactionvolume limits.…
Hunter Biden defends LAPTOP ahead of Wednesday launch, calls TRUMP a ‘grift’
Biden says the token is about “resilience, redemption and recovery” and will give coins to nearly one million wallets that lost money on TRUMP. Source：CoinDesk
Moonshot’s Kimi rattled markets. U.S. agencies now say it was trained on American models
Moonshot, whose Kimi model rattled markets earlier this year, is among six Chinese AI firms accused of systematically extracting capabilities from U.S. models.…
Malone Lam pleads guilty in $245M crypto theft conspiracy
US prosecutors said Lam organized an international network that targeted cryptocurrency holders through social engineering and home breakins.…
Memory chips have come to rule the AI boom. Why Micron’s reign could be here to stay.
Semiconductor industry revenue is expected to reach $1.5 trillion this year, driven mostly by memory chips. Source：MarketWatch
New York town weighs crypto mining and AI data center ban
One of the first towns in the US to ban Bitcoin mining for 18 months is considering another temporary moratorium extending to data centers and other crypto…
Walmart’s advertising empire is booming. Here’s what it could target next.
There are some opportunities for the company to tackle in streaming, but perhaps not as many as once hoped when Walmart acquired Vizio. Source：MarketWatch
Refining bottlenecks are emerging as the next big oil problem as Middle East skirmishes flare up
American drivers just paid the highest Labor Day gasoline prices ever. Dwindling global refinery capacity is threatening to push prices higher.…