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Ripple Lawsuit Architect Takes Over as US Director of National Intelligence
- Jay Clayton becomes the top US intelligence official on Monday.
- His SEC sued Ripple for $1.3 billion on his last day in charge.
- Bill Pulte hands over the job and returns to housing full time.
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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.
Pi Coin Defies Market Trend Before Key Deadline: Will the 10% Bounce Hold?
- Pi Coin rose 8% to $0.0870 while most trending coins fell.
- Pi Network nodes must install Protocol v26 by August 11 or get cut off.
- PI still trades 79% below where it sat a year ago.
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CZ Says Bear Market Money is Hunting, Social Capital Founder Says Skip AI Chips
- CZ says plenty of money is hunting despite the bear market.
- Chamath Palihapitiya says the fastest AI returns are land and power.
- Bitcoin trades near $63,037, down 45% over the past year.
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$70 Million Gone in 40 Minutes: CZ Weighs in on Coldcard Fallout
- A Coldcard firmware bug let thieves drain $70 million from 1,196 Bitcoin wallets.
- CZ says even old, trusted hardware wallets can break, and urges splitting funds.
- Coinkite has a fix, but old weak seeds still need moving to new wallets.
XRP Ledger Upgrade Could Make Owning XRP Optional: Will Demand Fall?
- A proposed upgrade would let banks pay XRP fees for their users.
- Every XRP Ledger account must lock up at least 1 XRP today.
- Validators must back each change 80% for two weeks before it activates.
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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.
BlackRock Bitcoin Buying Rebounds as ETF Investors Sit 22% Underwater
- BlackRock clients bought $273.2 million in Bitcoin over two days, Arkham data shows.
- IBIT took in $209.6 million this week, more than the entire ETF complex.
- Bloomberg Intelligence puts the average US Bitcoin ETF buyer 22% underwater.
