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US accuses Chinese AI firm Moonshot of stealing tech and using banned Nvidia chips for its large language model.

Market News
23 Jul 2026
TechCrunch
View Source
Bearish
US accuses Chinese AI firm Moonshot of stealing tech and using banned Nvidia chips for its large language model.

The US White House science advisor accused Chinese AI company Moonshot of copying Anthropic's Fable LLM and using advanced Nvidia chips banned for export to China to build its Kimi K3 model. Officials claim this covert technology theft undermines American research, amid broader concerns about Chinese AI development. Experts doubt simple copying explains Kimi K3's advanced capabilities, suggesting more complex training methods are involved. The issue highlights tensions over AI technology transfer and export controls, with potential regulatory actions forthcoming.

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Crypto markets rebound with Bitcoin over $80K; Akedo surges 400%, Stable drops 16%.

Crypto markets rebound with Bitcoin over $80K; Akedo surges 400%, Stable drops 16%.

This week, crypto markets experienced high volatility with Bitcoin reclaiming $80,000 and Ethereum and Solana rallying due to short covering and renewed risk appetite. Altcoins outperformed late in the week, led by Akedo (AKE) which surged 400%, driv...

Market News
Bullish
4 hours ago
Global X U.S. Electrification ETF targets growth from rising electricity demand and grid upgrades.

Global X U.S. Electrification ETF targets growth from rising electricity demand and grid upgrades.

The Global X U.S. Electrification ETF (ZAP) offers focused exposure to utilities and industrials benefiting from U.S. electrification and grid modernization. With 77.2% in utilities and 22.8% in industrials, ZAP aims to capture growth driven by incre...

Market News
Bullish
4 hours ago
Shibarium reorganization fixed, Shiba Inu team advances Layer-2 network upgrades

Shibarium reorganization fixed, Shiba Inu team advances Layer-2 network upgrades

The Shiba Inu development team announced that the Shibarium Layer-2 blockchain reorganization issue has been resolved, marking a significant step in infrastructure upgrades. The remaining task involves completing the DRPC transition to the new enviro...

Protocol Fundamentals
Bullish
5 hours ago
Grayscale Bitcoin Mini Trust leads spot Bitcoin ETFs with best cost and liquidity despite Clarity Act failure.

Grayscale Bitcoin Mini Trust leads spot Bitcoin ETFs with best cost and liquidity despite Clarity Act failure.

The Grayscale Bitcoin Mini Trust (BTC) offers the best balance of low fees (0.15%) and high liquidity among spot Bitcoin ETFs, holding about 62,900 bitcoins—30% more than nine months ago. Despite the US Senate's failure to pass the Digital Asset Mark...

Market News
Neutral
5 hours ago
Coinbase CEO predicts Bitcoin will hit $400,000 by 2030 amid growing institutional adoption and clearer regulations.

Coinbase CEO predicts Bitcoin will hit $400,000 by 2030 amid growing institutional adoption and clearer regulations.

Brian Armstrong, CEO of Coinbase, forecasts Bitcoin to reach $400,000 by 2030, driven by long-term institutional adoption, regulatory clarity, halving events, and macroeconomic factors. Despite uncertainty around the CLARITY Act, Armstrong remains co...

Analyst Insights
Bullish
5 hours ago
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