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Tether USDT Gets Largest Audit in History, But One Key Number Has Fallen 40%
- KPMG issued Tether an unqualified opinion on its 2025 financial statements.
- The audited $6.814 billion reserve cushion has since fallen to $4.11 billion.
- Tether has not published the audited statements, notes or reserve composition.
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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.
XRP Broke a Level It Hadn’t Touched in Over a Year — And Whales Bought It
- XRP fell while Bitcoin, Ethereum, and Solana all rose over the past month.
- XRP ETFs logged zero net flow in each of their last four sessions.
- Santiment says large XRP wallets grew even as prices kept falling.
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Twitch Opted Every Creator Into Amazon AI Training and Buried the Off Switch
- Twitch now trains Amazon AI on streams, videos, and chat by default.
- The opt-out toggle hides at the bottom of Security and Privacy settings.
- Amazon stock closed at $267.28, unmoved by the platform-wide backlash.
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Solana Looks Calm at $77, But On-Chain Signals Say Otherwise
- The Solana price is trapped near $77 in a falling channel since July 4
- Exchange netflow flipped positive as holders move SOL to exchanges to sell
- DEX volume is down about 80% from April, and losing $74.57 risks a 10% drop
Anthropic Eyes $2 Trillion IPO Valuation, Jim Cramer Says the Revenue Backs It Up
- Anthropic shareholders expect an IPO valuation above $2 trillion, the FT reported.
- The Claude maker could go public as early as October 2026.
- Investors project annualized revenue of $100 billion to $120 billion by December.
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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.
NYC Council Probes 4 Prediction Markets Over “Predatory Marketing” Claims
- NYC Council is investigating four prediction market platforms over their marketing practices.
- Speaker Julie Menin gave the platforms 14 days to disclose marketing and user data.
- Attorney General Letitia James had already moved against several registered platforms.
