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Wyoming launches America's first state-issued stablecoin, FRNT, backed by fiat and supported across seven blockchains, aiming to reduce fees and boost digital transactions while funding education.
Dogecoin price dropped 2% this week and risks a deeper correction. On-chain signals show key holder cohorts exiting and bears regaining control.
Share link:In this post: Texas attorney-general Ken Paxton is investigating Meta and Character.ai for allegedly marketing chatbots as therapists without medical credentials. The probe follows a Senate inquiry into Meta after leaked documents suggested its AI could engage in romantic chats with minors. Both companies deny wrongdoing, saying their chatbots carry disclaimers that they are not licensed professionals and are intended for entertainment.
Share link:In this post: Starlink went down Monday, marking its second outage in two weeks. Thousands of users reported the issue on Downdetector, but SpaceX gave no statement. SpaceX launched more satellites that same day from Vandenberg despite the outage.
Share link:In this post: Sam Altman warned that Trump’s chip bans won’t stop China’s AI progress. He said China is advancing across multiple layers, not just hardware. OpenAI released two open-weight models to counter China’s open-source tools.
- 04:46Société Générale: After the Fed decision, market focus returns to inflation dataJinse Finance reported that Société Générale stated the Federal Reserve's decision to cut interest rates by 25 basis points was in line with general expectations and was not disappointing. Although our unconventional forecast of a 50 basis point rate cut did not materialize, as we mentioned last week, if the September meeting decides on a 25 basis point cut, it is very likely that there will be additional 25 basis point cuts in both October and December, which is indeed confirmed by the median in the dot plot. We also note that the Federal Reserve expects the interest rate level to reach 3.38% by the end of 2026, which is consistent with our forecast but nearly 50 basis points higher than current market pricing. Next week, the market's focus will shift entirely to personal income and expenditure data and the Federal Reserve's preferred inflation indicator—the Personal Consumption Expenditures Price Index (PCE). (Golden Ten Data)
- 02:02Former SEC Chairman Gensler says he is "proud" of taking enforcement actions to regulate cryptocurrenciesChainCatcher news, according to Cointelegraph, former US SEC Chairman Gary Gensler admitted in an interview on Wednesday that he has no regrets about the way cryptocurrency enforcement was handled during his tenure at the agency. Gensler said he is "proud" of the right decisions he made regarding digital asset regulation during his time at the SEC, and reiterated his view that cryptocurrency is a "highly speculative and extremely risky asset." When talking about enforcement actions against cryptocurrency companies, Gensler stated: "We have always worked to ensure investor protection. However, during this period, we have also encountered many fraudsters: look at Sam Bankman-Fried, he is not the only one."
- 01:29Falcon Finance releases FF tokenomics: total supply of 10 billions, with 8.3% allocated for community airdrop and Launchpad sales.ChainCatcher news, Falcon Finance has released the FF tokenomics. The total supply is 10 billion tokens, managed by an independent foundation. The distribution is as follows: 35% allocated to the ecosystem, 32.2% to the foundation, 20% to the core team and early contributors, 8.3% for community airdrops and Launchpad sales, and 4.5% allocated to investors.