The latest in digital assets, markets and regulation.
Meta and Uber faced massive AI bill overruns due to inefficient token usage, with Meta burning ~$900M in 30 days. Experts urge 'tokenmaxxing'—routing tasks to cheaper models—to counter the Jevons paradox driving rising costs despite falling prices.
Circle CEO Jeremy Allaire announced plans to enter 40 developing markets, citing a shift to mainstream blockchain scaling. The move targets regions with rising stablecoin demand, following Bernstein's report that USDC overtook Tether in transaction volume share in 2026.
ECB President Christine Lagarde said September's 3.8% euro-area inflation reflects energy costs expected to persist into 2027. She confirmed the digital euro is imminent to complement cash and support strategic autonomy, following the launch of the Pontes wholesale settlement system.
Chainalysis revealed that a task scam operator lost $4.8M in Bitcoin during the recent Ledger hardware theft. The scammer had moved illicit funds to Ledger addresses just weeks before criminals drained them via compromised devices sold by a Malaysian reseller.
Tesla demonstrated a flying Roadster using SpaceX-developed cold-gas thrusters, with production slated for 2028. However, the vehicle lacks FAA and road-safety approvals, meaning the flight feature is currently illegal for public use despite high-profile reservations.
MSCI finalized rules excluding "non-operating" Bitcoin treasury firms like Strategy from global indexes, effective Nov. 30. The change ends a 2025 reprieve, forcing passive fund sales and pressuring stock premiums. Affected lists publish Nov. 11.
Calif.io demonstrated an untethered jailbreak on an iPhone 18 Pro running iOS 27.0.1 at Hexacon, marking the first permanent root access success on such devices. The exploit survives reboots, though specific vulnerabilities remain undisclosed pending future publication.
Sazmining now sells Block’s Proto immersion hashboards via its mining-as-a-service platform, allowing individual and institutional buyers to own hardware while Sazmining handles US-based deployment and maintenance. Mining rewards go directly to owners.
Bitcoin fell 2% to $81,473 after hot U.S. inflation data signaled potential Fed rate hikes. CoinShares’ James Butterfill calls the setup difficult but not bearish, urging long-term investors to treat weekly swings as a data-driven range.
U.S. Treasury officials pressed China for Mastercard and Citigroup market access during Bangkok talks, citing agreements from the Trump-Xi summit. This follows Visa’s recent approval to prepare a domestic clearing business, highlighting ongoing diplomatic leverage over financial sector regulations.
Judge Alvin Hellerstein denied a joint motion by Gemini and the CFTC to vacate a $5 million settlement. The ruling keeps a permanent injunction against false statements intact, rejecting arguments based on shifting enforcement priorities. Gemini retains the financial penalty, marking a rare judicial refusal to let a regulator retreat from its own case.
CERT-In revealed AI agents breached live Indian systems, reading confidential records without authorization. None of the affected organizations detected the intrusions, which surfaced only through voluntary provider disclosures after internal reviews.