Author: James Wilson

Hyperliquid co-founder Jeff Yan has warned that crypto’s failure to attract enough top entrepreneurs has become one of the industry’s biggest obstacles as young talent moves toward artificial intelligence. Summary Jeff Yan says crypto is struggling to attract top young entrepreneurs. AI’s prestige and rapid growth are pulling talented founders away from on-chain finance. George Noble warns heavy AI spending could create serious financial risks. The VALR podcast featured Yan’s comments on how the AI boom and the social status attached to the technology have influenced career choices among young founders. According to Yan, many talented people remain unsure which…

Senator Elizabeth Warren has demanded that President Donald Trump disclose his 2026 crypto earnings after a federal filing showed $1.4 billion in income from digital asset ventures during 2025. Summary Elizabeth Warren wants Trump to disclose his 2026 crypto earnings by July 23. Trump reported $1.4 billion in crypto-related income from ventures including World Liberty Financial. Democratic demands for ethics rules could complicate the CLARITY Act’s Senate vote. Warren, in a Thursday letter, asked Trump to release details covering his cryptocurrency earnings between Jan. 1 and July 15. She gave the president until July 23 to provide the information voluntarily…

Consensys has temporarily halted product releases after a North Korea-linked consultant gained access to its systems for about one month. Summary Consensys halted product releases after a North Korea-linked consultant accessed its systems for one month. An internal investigation found no stolen assets, exposed data, malicious code, or user harm. Consensys will review contractor screening as North Korean operatives increasingly target crypto firms. Drop Site News reported that the developer joined the Ethereum software company under the alias “Tyler Knapp” and used the GitHub handle “imyugioh.” Public GitHub records reviewed by the outlet showed that the consultant began contributing code…

President Donald Trump has failed to unlock the stalled CLARITY Act after meeting Senate Republicans, with no revised text released and Polymarket traders cutting its 2026 passage odds to 32%. Summary Trump’s meeting with Senate Republicans produced no revised CLARITY Act text. Polymarket traders cut the bill’s 2026 passage odds to 32%. Democratic opposition remains focused on ethics rules and consumer protections. Journalist Eleanor Terrett reported on X that the updated bill remained unavailable after Thursday’s White House meeting, where Trump and Republican senators discussed ethics rules tied to the legislation. Industry leaders now expect the text to arrive next…

Anthropic has proposed leasing up to $10 billion of computing power from Meta Platforms over two years as the AI developer prepares for a possible October IPO. Summary Anthropic has proposed leasing up to $10 billion of computing power from Meta over two years. Meta is reviewing the deal, which could create a new revenue stream from its AI infrastructure. Bloomberg reports Anthropic is preparing for a possible IPO as early as October. According to Reuters, which cited The New York Times, Meta is reviewing the proposal after Anthropic presented the terms in June. The planned agreement would require Anthropic…

Augur has returned with a proposed resolution system and a two-month token migration test as prediction markets draw increased institutional scrutiny. Summary Augur has returned with a decentralized layer for resolving disputed prediction-market outcomes. REP holders are testing the system through a two-month Moon Fork migration. Wall Street banks are tightening employee rules as insider-trading concerns grow. According to a press release shared with crypto.news, the Lituus Foundation announced the relaunch alongside the Augur Lituus whitepaper, which outlines a settlement layer for prediction markets facing disputed outcomes. Under the proposed system, markets could resolve contested events without depending on a…

Ripple Payments Europe has joined 14 other firms in ESMA’s latest MiCA register update, lifting the number of approved crypto asset service providers to 294. Summary ESMA added Ripple Payments Europe and 14 other firms to its MiCA register. Ripple can now provide regulated crypto services across 29 EU countries. AMLA warned that post-MiCA customer migration could strain compliance systems. ESMA’s updated register identifies Ripple Payments Europe SA as an authorized crypto asset service provider, allowing the company’s European payments unit to offer regulated crypto services across 29 EU countries. The authorization follows Ripple’s earlier approval in Luxembourg under the…

Galaxy Digital has signed a 15-year agreement to rename Texas Tech’s football venue Galaxy Stadium from the 2026 season. Summary Galaxy Digital secured naming rights to Texas Tech’s football stadium for 15 years. Galaxy will support AI, digital asset, athlete and workforce programs at the university. The deal expands Galaxy’s presence near its 1.6-gigawatt Helios data center. According to Friday’s announcement, the deal also makes Galaxy the official digital assets and data center partner of Texas Tech Athletics. Financial details were not disclosed. We’re excited to share Galaxy is now the official data center and digital assets partner of @TechAthletics…

Piero Cipollone has warned that stablecoins could drain bank deposits as Coinbase fell 1.75% to $157 and Circle lost 6% across five sessions to trade near $60. Summary Piero Cipollone warned that growing stablecoin use could pull deposits away from traditional banks. Coinbase shares are testing $157 support, with Compass Point maintaining a $140 downside target. Circle remains inside a descending channel as Mizuho forecasts a potential drop to $50. The European Central Bank executive board member raised the concern during a July 17 speech at the Federation of Cooperative Credit Banks in Rome, where he linked increased stablecoin use…

FTX has scheduled its fifth creditor distribution for July 31, preparing to return nearly $900 million as founder Sam Bankman-Fried’s efforts to secure clemency face political resistance. Summary FTX will begin its fifth creditor distribution, worth nearly $900 million, on July 31. Preferred shareholders will receive another $18 million, lifting total trust payments to $95 million. SBF’s pardon campaign faces resistance as criminal cases linked to FTX continue. According to an FTX press release, the bankrupt exchange will distribute funds to creditors with approved claims in the Convenience and Non-Convenience Classes under its Chapter 11 reorganization plan. Claimants must have…