Crypto Long & Short: The GENIUS Act’s guarantees don’t cover DeFi lending
Institutions weighing DeFi lending tend to ask which markets are safest. Mike Hathaway and Joseph Quintilian of Ajna argue the better question is who can change a loan’s terms after the money is lent, and why a fully backed stablecoin offers no…
Anchorage Digital Lets Institutions Borrow Against Tether’s Tokenized Gold
The crypto firm says clients can now hold, trade and pledge Tether Gold (XAU₮), the first of several tokenized real-world assets it plans to support through its Prime platform. The post Anchorage Digital Lets Institutions Borrow Against Tether’s…
Canaan (CAN) Stock Falls 19% After Q3 Revenue Drops 90% Despite $8M Profit
TLDR Canaan (CAN) stock fell about 19% after Q3 revenue dropped 90% to $14.5 million. Net income hit $8 million, but only because of crypto and derivatives gains. Operating loss widened to $42.9 million from $23.9 million a year ago. Mining gross margin…
Forward Industries (FWDI) Is Borrowing Against Solana to Buy More Solana
TLDR Forward Industries now holds about 8.7 million SOL, worth roughly $726.5 million The company added 226,396 SOL since Oct. 1 through purchases and staking rewards It secured a two-year, $50 million credit line backed by staked SOL FWDI hit a near…
Amgen Inc. (AMGN) Stock: Phase 3 Drug Success Sparks Hope for New Sjögren’s Treatment
TLDR Amgen (AMGN) stock falls 0.77% despite promising Phase 3 dazodalibep trial results. Amgen’s Phase 3 trial meets primary endpoints, offering hope for Sjögren’s patients. Dazodalibep significantly reduces systemic disease activity after 48 weeks of…
White House Seeks Remote AI Chip Curbs: Report
The reported request targets overseas computing rentals used by Chinese AI labs, a gap Nvidia has lobbied against closing.
Researchers Say Codex Flaw Put npm Releases at Risk
Depi says OpenAI fixed a chain linking prompt injection, a sandbox escape and publishing credentials. Its disclosure does not report a malicious npm release reaching users.
Sports Betting Built the Prediction Market Boom. Is It Headed for a Ban?
Robinhood earned $173 million from event contracts last quarter, against $120 million from crypto, and most of that growth came from sports wagers, the company said in its quarterly filing. Event contracts let customers bet on the outcome of a game, an…
Kraken’s xStocks Surpasses $1.1B as EU Expansion Accelerates
Kraken’s parent company Payward has significantly broadened its tokenized equities offering. Kraken’s xStocks platform now includes more than 200 UK and European shares, pushing total assets under the product past $1.1 billion. Major Expansion Beyond…
Michael Saylor Faces a Critical Test as MSCI Weighs Strategy’s Index Future
MSCI could deliver a major setback for Strategy, but Bitcoin should see little impact.