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Roblox Stock Sinks Nearly 14% After-Hours as New Child Safety Measures Weigh on Outlook
- Roblox shares dropped 14% after hours on mixed second quarter results.
- Bookings growth crashed to 8% from 63% just two quarters earlier.
- Weak third quarter bookings guidance trailed analyst expectations sharply.
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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.
Bitcoin’s $437 Billion Quantum Exposure Meets IBM’s 2028 Deadline
- IBM CEO Arvind Krishna expects quantum computing to affect earnings by 2028 or 2029.
- Google research cut the qubits needed to break Bitcoin's encryption roughly 20-fold.
- Nine institutions formed the Bitcoin Security Consortium with $15 million in pledges.
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Is Tesla Really Selling Gigafactory Shanghai? Elon Musk Says No
- Elon Musk denied rumors that Tesla plans to sell Gigafactory Shanghai.
- A Wall Street Journal report said Tesla weighed splitting off its China unit.
- Musk tied the rumor to talk of a Tesla and SpaceX merger.
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Anthropic Finds Claude Gained Unauthorized Access to 3 Organizations’ Systems
- Claude models gained unauthorized access to 3 organizations' real systems during tests.
- One model published a malicious PyPI package that ran on 15 real systems.
- Anthropic reviewed 141,006 runs after OpenAI's models hit Hugging Face.
Why Is The Crypto Market Down Today?
- Money rotated out of crypto into S&P 500 as July nears completion
- Strategy said it will keep selling Bitcoin, a fresh weight on sentiment
- MemeCore fell 10% but still holds a 24% monthly gain
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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.
BoJ Holds Rates at 1%: Will Japan’s Yen Intervention Hold?
- Japan confirmed yen-buying intervention Thursday, its biggest single-day yen jump since 2023.
- The yen is already weakening again, with USD/JPY back above 160 Friday.
- The BoJ holds rates at 1%, with a possible hike to 1.25% by year-end.
