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Elon:"There's no need to even have a college degree at all."
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🚨ELON xAI #TARGETS $120B VALUATION IN NEW FUNDING ROUND. 🔹xAI in talks to #raise new funds, could reach $120B valuation, up from $80B. 🔹Potential $20B investment being discussed. 🔹OpenAI #recently valued at $300B in March 2025. 🔹xAI merged with X (formerly Twitter) in March; Grok chatbot runs on X user data. 🔹Despite cooling AI market, xAI and OpenAI still attract major funding. 🔹Musk’s legal history with OpenAI highlights rivalry. -The New York Times
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🚨🇪🇺EU's New #Crypto AML #Rules 🔹New Oversight Measures: The EU will require crypto-asset service providers to record data on senders and recipients of crypto transfers. 🔹AML Regulation Expansion: These measures are part of the Anti-Money Laundering Regulation (AMLR), applying traditional AML rules to crypto. 🔹Effective Date: New rules will come into force on July 1, 2027. 🔹Privacy Coins Ban: EU-licensed entities will be barred from dealing with privacy coins like Monero (XMR), Zcash ($ZEC ), and Dash. 🔹No Anonymous Wallets: The regulation prohibits anonymous wallets and interactions with them via EU service providers. 🔹Self-Hosted#Wallets : Any crypto transfers #above €1,000 to/from self-hosted wallets will trigger mandatory identity verification. 🔹#Surveillance Criticism: Critics like Monero developer Riccardo Spagni argue these rules favor surveillance over privacy and do little to deter crime. 🔹Direct Agency Access: Agencies like the EU AML Authority will have immediate access to crypto account data from service providers.
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🚨#RIPPLE -SEC COMMISSIONER #CRITICIZES SETTLEMENT DRAWS #FIRE FROM INSIDE THE SEC 🔹SEC & Ripple file for $75M refund and removal of August 2024 injunction 🔹Commissioner Crenshaw criticizes the deal as creating a "regulatory vacuum" 🔹Warns it undermines SEC’s authority and #damages public trust Ripple case timeline: 🔹Judge Torres must issue an indicative ruling 🔹Parties seek remand from appeals court 🔹Final motion and appeal dismissals to follow 🔹Legal background: Ripple was earlier fined $125M for unregistered XRP sales to institutional investors 🔹Ongoing tension: Part of broader rollbacks in crypto enforcement under the current U.S. administration $XRP
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🚨🇺🇸GENIUS ACT UNDER REVIEW: CØINBASE CEO PUSHES FOR AMENDMENTS 🔹Brian Armstrong calls U.S. Senate #vote on stablecoin bill “just round one” 🔹concern: Bill bans interest income from stablecoins — needs revision 🔹Next step: New vote expected early next week 🔹Potential: Armstrong hints GENIUS Act could reach presidential desk with bipartisan support 🔹Impact: Cites 52 million U.S. crypto holders watching legislative progress closely $ETH $USDC
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Latest News
CleanSpark Reports Significant Revenue Growth Amid Financial Losses in Q2 2025
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SEC's Handling of Bitcoin Spot ETF Approval Criticized by Commissioner
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Bitcoin Miners MARA and CleanSpark Report Revenue Growth Despite Losses
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Celsius Founder Alex Mashinsky Sentenced to 12 Years for Crypto Fraud
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SEC and Ripple Reach Settlement to End Legal Dispute
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