
IMF Chief Warns AI Will Impact 40% of Jobs, Hitting Young Workers First
IMF chief Kristalina Georgieva warns AI will affect 40% of global jobs, hitting young workers first, while noting it sustains 3% growth despite energy shocks.
The latest in digital assets, markets and regulation.

IMF chief Kristalina Georgieva warns AI will affect 40% of global jobs, hitting young workers first, while noting it sustains 3% growth despite energy shocks.

Jeonbuk Bank becomes South Korea's first lender to offer won-denominated loans backed by bitcoin, limiting the service to corporate clients and utilizing registered custodians for asset storage.

Moscow Exchange begins testing cryptocurrency trading with professional participants ahead of a planned December launch, following Russia's new digital currency laws.

Open-source toolkit REA surged past 100,000 GitHub stars, enabling AI-driven reverse engineering that fueled game mods and prompted Adobe competitor ArtCraft's release amid publisher legal pushback.

Meta launches Muse Wonder and Muse Wonder Full, its first frontier models from Superintelligence Labs, competing with OpenAI and Anthropic despite mixed independent benchmark results.

Cleveland Fed President Beth Hammack advocates for fast, incremental rate hikes to combat inflation, signaling potential further tightening despite market expectations of a near-term pause.

The S&P 500 marked its fourth bull market anniversary with a 120% gain led by AI stocks, but analysts warn deteriorating breadth and high valuations make a fifth year challenging.

Fairshake affiliates spent $2.7 million supporting House candidates favoring digital asset policies, targeting incumbents like Pete Aguilar and Josh Gottheimer ahead of the 2026 midterms.

Ledger investigates Southeast Asian fund losses linked to Malaysia-based reseller CryptoBilis, confirming one device contained a hardware implant while investigators estimate $86 million was drained.

Ledger links all confirmed wallet-draining cases to reseller CryptoBilis, stating its direct channels are safe while investigators trace over $86 million in suspected thefts across multiple blockchains.

Crypto Fear and Greed Index drops to neutral 56 as Bitcoin falls 6% amid rising Treasury yields and oil prices, with ETF outflows signaling cooled investor appetite.

Lenders scrutinize AI data center deals, causing Bitcoin miners like IREN to face varied interest rates between 6% and 9%, while others accept equity warrants to secure lease backstops.