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California Wildfire Bets Expose Polymarket’s Dark Side
- Senators want the CFTC to ban prediction market betting on California wildfires.
- One bet on Palisades Fire containment took $711,587.
- Polymarket settled it using CAL FIRE's own fire data.
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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.
Palantir Stock Could Swing 11% Tonight Even With a $1.9 Billion Beat
- Palantir's own record points to about $1.9 billion in Q2 revenue.
- Options traders are braced for an 11% move in either direction.
- The stock is down 31% this year and still is not cheap.
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How Alibaba’s New Qwen3.8-Max Stacks Up Against US AI Giants
- Qwen3.8-Max ranked fourth on Arena's coding leaderboard, behind Claude Opus 5 and Kimi K3.
- Open weights for Qwen3.8-Max and a smaller 27B model arrive next week.
- Alibaba shares climbed 6.15% to HK$124.20 in Hong Kong on Monday.
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Bithumb Lays Out a 3-Stage Path to Its South Korea IPO
- Bithumb published a three-stage roadmap targeting a 2028 public listing.
- Stage one runs through 2026, covering internal controls and K-IFRS rules.
- Stage two opens in 2027 with a preliminary listing review filing.
Robinhood Cleared for UK Crypto, But There Are Major Limits
- Robinhood U.K. Ltd joined the FCA cryptoasset register on July 31.
- It can pass crypto orders to others but cannot hold customer coins.
- A second, stricter UK approval is still needed before October 2027.
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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.
Why Is The Crypto Market Down Today?
- Japan's yen intervention revived carry-trade fears, pressuring risk assets
- Coldcard wallet hack dented self-custody confidence
- Pump.fun fell 8% but still holds a 26% monthly gain
