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Bitcoin Drop Cost Abu Dhabi $118 Million: Will They Sell?
- Abu Dhabi's two sovereign funds lost $118 million on IBIT without selling a share
- The stake topped $1 billion in May before June wiped out $302 million
- IBIT is now the Investment Council's largest disclosed US equity position
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The Web’s Missing Payment Primitive Didn’t Need Better Tech, It Needed to Ditch Humans
- Micropayments died since the 1990s on cognition, not technology.
- x402 removes the human, not the friction, from the decision.
- Average x402 payment is 32 cents, not a fraction of a cent.
Justin Sun Addresses Binance HTX Blacklist: Are Your Funds Actually Affected?
- Justin Sun says the Binance restrictions only affect users in the UK and EU.
- Binance's notice names no country and is addressed to all its users.
- Sun says settlement talks with UK and EU authorities are already underway.
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Anthropic’s Model 2 Beats Mythos 5, But the Public Will Not Get It
- Anthropic says internal Model 2 outperforms Mythos 5 across many key tasks.
- The company has no plans to release Model 2 to the public.
- Polymarket traders price a $1.8 trillion IPO debut near 65% odds.
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XRP Price Falls Below $1 Again Despite Record Network Adoption
- Lark Davis argues dismissing XRP is a mistake, citing record adoption metrics on the XRP Ledger.
- The token slipped below $1 again after ending a 635-day streak above that level.
- Ripple's ten major institutional deals during 2026 all settled in RLUSD rather than in XRP.
Binance Blacklists HTX and 10 Other Crypto Platforms: Are Your Funds at Risk?
- Binance stops processing transactions involving HTX and 10 other platforms on August 23.
- The list matches the EU sanctions package that takes legal effect the same day.
- Transfers sent after the cutoff can be frozen for a compliance review.
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Stablecoin Banking Competition Expands Beyond Settlement
- Stablecoins are gaining ground across payments, payroll, business transfers and settlement.
- Card issuance, foreign exchange, compliance and account management offer providers greater revenue opportunities and stronger customer relationships.
- Stablecoin neobanks face growing responsibility as they combine payments, yield, credit and trading within one product.
Big Short Investor Steve Eisman Sees One Weak Spot That Breaks the Entire AI Trade
- Eisman says OpenAI and Anthropic drive 70% of Big Tech's AI revenue.
- The pair supply 25% to 35% of hyperscaler cloud revenue.
- Cheap Chinese open-weight models could trigger a price war, Eisman warns.
