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CFTC announces $1M award for crypto whistleblower

The notice came the same day a judge approved a $12.7 billion settlement between defunct crypto exchange FTX, Alameda Research, and the US Commodity Futures Trading Commission. Source link

X halts ads for Premium+ users as Musk lawsuit challenges First Amendment

Musk may finally be acknowledging the sun has set on X’s ad sales, but he isn’t going quietly into that good night. Source link

Miner profitability falls to record lows — Blocksbridge

Reduced block rewards post-halving and Bitcoin mining difficulty reaching new heights are eating away at miner revenues. Source link

Montenegrin court delays Do Kwon’s extradition to South Korea

The Terraform Labs co-founder has been in Montenegro since his arrest in 2023, potentially facing extradition to either his native South Korea or the United States. Source link

Amazon faces UK merger probe over $4B Anthropic AI investment

Microsoft and OpenAI face similar scrutiny as Europe and the UK seek to identify the line between investment and acquisition. Source link

AI hits ‘trough of disillusionment’ but AI bubble not over yet despite correction: AI Eye

AI revenue and abilities haven’t lived up to the hype — but Wall Street and Big Tech have plenty of good reasons to stay ‘all in.’ Source link

AI bubble not over yet despite ‘trough of disillusionment’: AI Eye

AI revenue and abilities haven’t lived up to the hype — but Wall Street and Big Tech have plenty of good reasons to stay ‘all in.’ Source link

Bitcoin price taps week-to-date high near $58.5K amid US jobs data miss

Bitcoin buyers step in as US jobless claims fall short of estimates, with Binance buy orders helping fuel a BTC price trip to week-to-date highs. Source link

US crypto firm BitGo wins payment license in Singapore

Before receiving the license, BitGo served users in Singapore and APAC, but the offering included only custody services from the US South Dakota Trust and hot wallets. Source link

Crypto trading volumes surge 19% in July, hitting $4.94 trillion

With both spot and derivatives trading showing robust growth, exchanges like Bybit and Binance continue to play pivotal roles in facilitating this activity. Source link