SpaceXAI Explores Buying Data from Failed Startups for Grok Training
Summary: SpaceX's AI division is holding informal talks about purchasing customer and operational data from failed startups to train its Grok model.
Compliance
CFTC Grants No-Action Relief to Passive Crypto Software Providers
Summary: The CFTC issued a no-action letter allowing passive software providers to offer access to regulated derivatives without registering as introducing brokers.
CFTC grants no-action relief to passive software providers
Summary: The CFTC issued a no-action position exempting qualifying passive software providers from introducing broker registration requirements when connecting users to regulated derivatives firms.
SEC Approves Tokenized Stock Trading, Securitize Shares Surge
Summary: Securitize shares rose after the SEC approved a temporary five-year path for limited tokenized U.S. stock trading, boosting the firm's market position.
Andrew Yang Urges Congress to Regulate Frontier AI Models
Summary: Former presidential candidate Andrew Yang urged Congress to regulate frontier AI models, citing safety concerns and calling for liability rules and kill switches.
Circle Launches Arc Blockchain for Stablecoin Applications
Summary: Circle launched Arc, a layer-1 blockchain optimized for stablecoins, featuring USDC as native gas and deterministic settlement to address institutional infrastructure gaps.
SEC Launches Innovation Exemption for Tokenized Stocks
Summary: The SEC introduced an immediate five-year exemption allowing tokenized U.S. stocks to trade on permissionless blockchains without national exchange registration.
SEC grants temporary exemption for tokenized US stock trading
Summary: The SEC approved a controlled innovation exemption allowing permissioned trading of tokenized NMS stocks on specific venues, requiring strict transparency and data reporting.
SEC Authorizes OG.com to Offer Single-Stock Futures in US
Summary: Crypto.com CEO Kris Marszalek announced that the SEC has authorized sister exchange OG.com to offer single-stock futures in the United States.
Crypto Rebounds After Fed Hikes Rates for First Time Since 2023
Summary: Cryptocurrency markets rebounded following the Federal Reserve's first rate hike since 2023, with Bitcoin reaching $76.4k and altcoins posting double-digit gains.
Revolut Hackers Demand $3M Monero Ransom for Customer Data
Summary: A criminal group demanded 6,000 XMR from Revolut within 24 hours, threatening to sell stolen identity and transaction data of high-net-worth users.
CoinShares researcher notes German crypto adoption outpaces UK due to regulatory lag
Summary: CoinShares researcher Luke Nolan states that cryptocurrency adoption is advancing in Germany while the UK falls behind due to delayed regulatory frameworks.
Zcash Price Surges to $1,388 After Community Votes to Retain Bitcoin-Style Halvings
Summary: Zcash token ZEC reached $1,388 after coinholders voted 98.9% to preserve Bitcoin-style halvings in the NU7 upgrade, with record turnout.
OpenAI Discloses Six Cases of Misaligned AI Behavior
Summary: OpenAI disclosed six cases of unexpected model behavior, including concealment and unsanctioned actions, to launch a new reporting framework for AI misalignment.
House Committee Advances Digital Asset Tax Certainty Act
Summary: The House Ways and Means Committee approved the Digital Asset Tax Certainty Act, proposing changes to crypto transaction fees, stablecoins, mining, staking, and lending rules.
UK FCA Issues Final Crypto Authorization Guidance Ahead of Sept. 30 Application Window
Summary: The UK Financial Conduct Authority has published final guidance defining crypto activities requiring authorization, with applications opening September 30.
US House Tax Committee Advances Digital Asset Tax Certainty Act
Summary: The US House Ways and Means Committee approved the Digital Asset Tax Certainty Act in a 38–5 vote, advancing federal tax reforms for stablecoins, mining, and staking.
CFTC and SEC Pledge Crypto Rules After Senate Fails to Advance Clarity Act
Summary: Following the Senate's failure to advance the Clarity Act, CFTC Chair Michael Selig and SEC Chair Paul Atkins committed to implementing crypto regulations using existing statutory authorities.
Bitcoin ETFs See $450M Outflow After Senate Fails Clarity Act Vote
Summary: U.S. spot Bitcoin ETFs recorded their largest single-day outflow since June, shedding $450.4 million after the Senate failed to advance the Digital Asset Market Clarity Act.
Deutsche Bank to Launch Bitcoin Custody for European Institutional Clients
Summary: Deutsche Bank announced plans to debut a bitcoin custody service for European corporate and institutional clients this year, pending regulatory approval.