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Governor Newsom Vetoes SB 1047, AI Safety Bill, Supports Federal Preemption
Regulation & Politics

Governor Newsom Vetoes SB 1047, AI Safety Bill, Supports Federal Preemption

On October 20, California Governor Gavin Newsom vetoed a landmark AI safety bill, SB 1047, which would have required advanced AI models to undergo rigorous safety testing before deployment
EigenLayer's X Account Hacked, Fake $EIGEN Airdrop Scam Causes $1 Million in Losses
DeFi

EigenLayer's X Account Hacked, Fake $EIGEN Airdrop Scam Causes $1 Million in Losses

EigenLayer's official X (formerly Twitter) account has been compromised and is being used to promote a fake airdrop of its $EIGEN token, according to multiple online reports
Singapore's Largest Bank DBS Launches Token Services for Blockchain-Based Banking
TradFi & Fintech

Singapore's Largest Bank DBS Launches Token Services for Blockchain-Based Banking

DBS Bank, the largest bank in Singapore by assets under management (AUM), has introduced a new suite of services called 'Token Services'
Fed's Waller: Stablecoins May Benefit Payment Systems, DeFi Could Complement Centralized Finance, Bullish Outlook
DeFi

Fed's Waller: Stablecoins May Benefit Payment Systems, DeFi Could Complement Centralized Finance, Bullish Outlook

Federal Reserve Governor Chris Waller has made significant statements regarding the role of stablecoins and decentralized finance (DeFi) in the financial system
BlackRock in Talks with Binance to Use BUIDL Token as Futures Collateral
TradFi & Fintech

BlackRock in Talks with Binance to Use BUIDL Token as Futures Collateral

BlackRock is in discussions with global cryptocurrency exchanges, including Binance, to use its BUIDL token as collateral for futures trading
AI Meme Coins Emerge as New Trend in Crypto Market
Markets

AI Meme Coins Emerge as New Trend in Crypto Market

AI meme coins are emerging as a new trend in the cryptocurrency market
Bitcoin's Price Surge Continues, Approaches $70,000 US
Markets

Bitcoin's Price Surge Continues, Approaches $70,000 US

Bitcoin's price surge continues unabated, with the cryptocurrency approaching the $70,000 US mark
PayPal's PYUSD Stablecoin Market Cap Plummets 40% to $618 Million Amid Solana Decline
DeFi

PayPal's PYUSD Stablecoin Market Cap Plummets 40% to $618 Million Amid Solana Decline

PayPal's PYUSD stablecoin has experienced a significant decline in market capitalization, dropping 40% from its August high of over $1 billion to $618 million
Swarm Markets Tokenizes 1 Ounce Gold Bars on Bitcoin Blockchain for First Time
DeFi

Swarm Markets Tokenizes 1 Ounce Gold Bars on Bitcoin Blockchain for First Time

Swarm Markets has launched a groundbreaking initiative by tokenizing 1 ounce physical gold bars on the Bitcoin blockchain
CME Bitcoin Futures Open Interest Hits All-Time High of 179,745 BTC, Totaling $20 Billion
Markets

CME Bitcoin Futures Open Interest Hits All-Time High of 179,745 BTC, Totaling $20 Billion

CME's open interest in Bitcoin futures has reached new notional all-time highs, closing at 179,745 BTC on October 17, 2024