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Share link:In this post: The CrediX team deleted the platform’s X account, sparking speculation that the recent hack was a rug pull. Other DeFi protocols on Sonic were also affected, and are now scrambling to contain the damage. Some of the stolen funds are already mixed through TornadoCash, though Sonic Labs and Stability DAO are still investigating the exploit.
Share link:In this post: Gold fell to $3,463 after hitting a record $3,530 as the White House announced plans to clarify bullion tariff rules. U.S. Customs confirmed 1-kg and 100-oz gold bars from all countries face the 39% tariff. Traders warn tariffs could raise settlement costs, widen the New York–London price gap, and hurt liquidity.
Share link:In this post: Elon Musk says Tesla will prioritise inference chips for real-time AI decisions. Media report claims in-house Dojo supercomputer team has been shut down. The move comes amid restructuring, job cuts, and intensifying EV market competition
- 22:16The probability of the Federal Reserve cutting interest rates by 25 basis points this week reaches 96.1%.According to ChainCatcher, citing a report from Golden Ten Data, the CME "FedWatch" tool shows that there is a 96.1% probability that the Federal Reserve will cut interest rates by 25 basis points this week, and a 3.9% probability of a 50 basis point cut. In addition, by October, there is a 20.1% probability of a cumulative 25 basis point rate cut, a 76.8% probability of a cumulative 50 basis point cut, and a 3.1% probability of a cumulative 75 basis point cut.
- 22:08VivoPower adopts a mining token swap strategy to acquire XRP at a low costJinse Finance reported that XRP reserve company VivoPower stated its mining division, Caret Digital, will expand its mining machine scale and exchange mined tokens for XRP through "bulk" discounts. The company said this strategy allows it to acquire XRP at approximately a 65% discount. Previously, VivoPower had already deployed XRP through private placements, Ripple equity acquisitions, and yield programs, and further integrated its electric vehicle business Tembo with XRP stablecoin RLUSD payments, while investing 30 million USD worth of XRP into institutional yield programs to achieve reinvestment of returns. The company's stock price fell slightly by 0.5% on Tuesday, with a market capitalization of about 50 million USD.
- 22:00US tech giants pledge to invest over $40 billions in the UKJinse Finance reported that several major U.S. technology companies have announced plans to invest over $40 billions to expand the UK's AI infrastructure, which is a significant boon for the UK as the country welcomes Trump's state visit. Microsoft (MSFT.O) stated on Tuesday that it will invest $30 billions in the UK's AI infrastructure and existing operations by 2028, marking the company's largest financial commitment in the UK. Google (GOOG.O) announced that it will invest approximately $6.8 billions in the UK over the next two years for AI, R&D, and related engineering. Meanwhile, Nvidia (NVDA.O), OpenAI, and UK-based Nscale are joining forces to build AI infrastructure in the UK to meet OpenAI's computing power needs. The project, known as "Stargate (UK)", is expected to be located in the northeast of the UK and will utilize tens of thousands of Nvidia's Grace Blackwell Ultra GPUs. Among other investments, AI cloud computing company CoreWeave plans to invest about $2.04 billions in the UK for AI data center capacity and operations. Salesforce announced that it will reinvest an additional $2 billions in its UK business by 2030, while BlackRock will invest £500 millions in data centers across the UK.