Celsius’ Mashinsky gets permanent trading ban in CFTC settlement
The US commodities watchdog has settled with Celsius founder Alex Mashinsky, ending the agency’s first-ever case against a crypto lending platform. Source: Cointelegraph
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Source: Elastic agrees to buy CRV-backed DeductiveAI for up to $85M
DeductiveAI, a startup that uses AI to catch and resolve bugs in software, was founded just three years ago. Source: AI News & Artificial Intelligence
Ether analysts predict another ‘selling wave’ as ETH struggles to overcome $1.7K
Exchange inflows, slumping demand and a 31% drop in Ether futures open interest may signal that another wave of selling could hit ETH. Source: Cointelegraph
Malta proposes DeFi rulebook covering DAOs under MiCA-era framework
The Maltese regulator is seeking industry feedback on a legal framework for software-governed organizations, arguing that many DeFi projects are not fully decentralized. Source: Cointelegraph
Bitcoin decouples from tech stocks: Is $60K BTC’s next stop?
Bitcoin’s slump accelerated as capital rotated further into the AI sector, raising the odds of a BTC price drop below $60,000. Source: Cointelegraph
Ireland mulls crypto safeguards in response to financial risks
For the first time in seven years, the Irish government released an assessment related to digital assets, noting risks from money laundering, terrorism financing, sanctions violations and bribery. Source: Cointelegraph
US regulators push user ID requirements for stablecoin issuers akin to regulated banks
The proposed rules by US government agencies suggested that stablecoin issuers be subject to customer identification program requirements under the Bank Secrecy Act, the same as regulated financial firms. Source: Cointelegraph
AI inference startup Baseten reportedly raising $1.5B months after its last mega-round
Startup Baseten is reportedly close to finalizing a $1.5 billion round at a $13 billion as the “inference gold rush” marches on. Source: AI News & Artificial Intelligence
Custodia, Vantage propose token that toggles between bank deposits and stablecoins
The proposed system aims to connect traditional banking infrastructure with blockchain-based payment networks with banks retaining customer deposits. Source: Cointelegraph
Snap spins off AI video team into new company, Dotmo, due to costs
The Snapchat maker is spinning off yet another internal unit. Dotmo will be composed of current Snap staff who are leaving the social media company to focus on AI video development. Source: AI News & Artificial Intelligence