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US Senator Questions Tether Over Reported Funds Linked To Former Crypto Adviser

US Senator Questions Tether Over Reported Funds Linked To Former Crypto Adviser

TL;DR: Senator Richard Blumenthal has demanded records from Tether and consultancy Nxum over reported payments and potential ethics concerns; the inquiry is not a finding of wrongdoing. Tether is facing questions from a senior U.S. senator over reported payments to a consultancy connected to a former White House crypto-policy official. The concern is about potential…
OpenAI Cuts $150 Billion Valuation as Anthropic Studies $80 Billion Loss: Is the AI Growth Cracking?

OpenAI Cuts $150 Billion Valuation as Anthropic Studies $80 Billion Loss: Is the AI...

The developments come as investors scrutinize infrastructure spending, rising computing costs, and the path to profitability. Although both OpenAI and Anthropic continue to attract substantial investor interest, their latest financial disclosures raise questions about whether AI revenue can justify the enormous cost of developing and operating advanced models. Key Takeaways OpenAI lowered its proposed valuation…
Crypto Trade Group Pushes Congress For Small-Fee Tax Aid And Clearer Guidelines

Crypto Trade Group Pushes Congress For Small-Fee Tax Aid And Clearer Guidelines

TL;DR: The Blockchain Association has asked congressional leaders to advance bipartisan crypto tax changes, including a de minimis exemption and revised treatment of stablecoins and staking rewards. For a person buying coffee with cryptocurrency, the tax rules can be far more complicated than the payment itself. A U.S. crypto trade group is asking Congress to…
Starknet Vote Backs Analysis Into A Submit-Quantum Layer-1 Future

Starknet Vote Backs Analysis Into A Submit-Quantum Layer-1 Future

TL;DR: A non-binding Starknet governance poll ended with 93.52% supporting research into an independent post-quantum L1; no chain migration has been approved. Starknet's community has backed a potentially far-reaching research project, but not the actual move that would make it a different kind of blockchain. A non-binding governance poll closed Thursday with 93.52% of voting…
Dune Provides Actual-Time Spot And Perpetual Commerce Feeds Throughout On-Chain Markets

Dune Provides Actual-Time Spot And Perpetual Commerce Feeds Throughout On-Chain Markets

TL;DR: Dune has launched normalized real-time feeds for spot and perpetual DEX trades, designed to help institutional desks compare fragmented blockchain-market execution. A trader watching one decentralized exchange can miss an extraordinary amount of what is happening elsewhere. Dune wants to turn that fragmented activity into a continuous market-data feed that desks can read in…