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Tether's AI Research Group released QVAC MedPsy, a medical language model designed for smartphones and edge devices, outperforming larger rivals on various benchmarks. The model's efficiency, with fewer tokens per response, allows for local running without cloud dependency.
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Strategy, with 714,644 BTC worth $49.3 billion, can handle a Bitcoin price drop to $8,000 and cover its $6 billion debt. The company plans to convert debt to equity to manage financial obligations spread over 2027-2032.
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Leverage in the crypto market is increasing as Bitcoin remains stagnant, with traders hoping for a breakout rally. Retail activity and speculation are on the rise, indicated by widening futures basis and rising funding rates on major exchanges.
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OpenClaw, the AI assistant created by Peter Steinberger, attracted acquisition offers from Meta and OpenAI. Despite facing challenges like crypto scams, Steinberger insists on keeping the project open-source to maintain its integrity and impact.
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Karin, a victim of financial abuse, faced challenges depositing cash due to anti-money laundering laws and lack of account ownership. Crypto empowered her during a contentious divorce, allowing her to stand up for herself and her children's financial stability.
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BIP 360, merging into the Bitcoin Improvement Proposals GitHub repository, introduces Pay-to-Merkle-Root to address quantum computer risks. The proposal aims to disable key-path spending, a vulnerability in Taproot, while preparing for post-quantum signature schemes in future soft forks.
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Bitcoin and Ethereum have experienced significant drops from their previous all-time highs, with Bitcoin falling over 29% in the last month. The Clarity Act, if passed by the U.S. government, is believed to bring stability to the crypto market by providing clarity on regulations. Treasury Secretary Scott Bessent emphasized the importance of passing this bill soon.
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The impasse over stablecoin yields in the U.S. Senate's crypto market structure bill continues, with the Digital Chamber defending the need for rewards for stablecoin users. Despite efforts to find a compromise, the banks remain firm on their stance against stablecoin yields.
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The crypto market is experiencing extreme fear with the Fear and Greed Index at 8 points, just above the all-time low. Despite a 4.3% increase in the global crypto market cap to $2.36 trillion, over $2 trillion has been lost recently.
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Three criminals attempted to rob Binance France's CEO, taking only two cell phones before being arrested. The executive, David Prinçay, was not home during the intrusion.
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A wallet linked to the 2023 Mixin hack moved $3.85 million to a new wallet, which then sent the funds to coin mixer Tornado Cash in 20 transactions. The Mixin Network suffered a $200 million loss due to the hack in September 2023.