Circle Internet Group's shares fell about 13% after over 140 companies, including Visa, Mastercard, and Coinbase, announced Open USD, a new stablecoin competing with Circle's USDC. Open USD offers zero-fee minting and shared reserve income, threatening Circle's revenue from USDC reserves. Circle's CEO defended USDC's market position, while Coinbase sees the new stablecoin as expanding the market. Open USD is expected to launch later this year, challenging the dominant USDC stablecoin.
Bitcoin closed the week down 2.7% at around $62,990, with spot Bitcoin ETFs reversing strong inflows into outflows and XRP briefly falling below $1 due to a cross-chain bridge exploit. Despite stable prices, significant structural shifts occurred: Go...
Bitcoin is currently exhibiting a rare long-term oversold condition on two key technical indicators, suggesting the bearish trend may be nearing exhaustion. Analyst Katie Stockton highlights this alongside improving momentum, which could indicate the...
Bitcoin saw increased inflows to major exchanges like Binance, Kraken, and Bitstamp even as its price threatened to drop below $62,000. This rise in exchange reserves suggests growing selling potential, which could suppress any short-term price recov...
Anthropic has introduced a subtle watermarking system for its Claude AI-generated text, triggering a surge in demand for apps that claim to remove these watermarks. These watermarks use complex statistical word patterns, making them hard to detect or...
Charles Hoskinson has introduced Anthropies, a tool designed to remove hidden watermarks and metadata from content generated by the AI model Claude. Anthropies targets Claude's keyed text watermark, C2PA image credentials, and Git commit trailers tha...
