Senator Bernie Sanders introduced a bill to impose a one-time 50% tax on stocks of the largest AI companies, aiming to create an American AI Sovereign Wealth Fund that would give the public ownership and influence over AI development. Sanders argues this fund would reclaim value derived from collective human knowledge and fund public services like healthcare and education. Ripple's CTO criticized the proposal as a severe threat to free speech, reflecting wider tech industry concerns about government overreach. While the bill faces low chances in Congress, it raises political risks for AI and tech investors amid strong AI stock market performance.
Most major cryptocurrencies saw price declines, led by Ethereum dropping 4.67% and Bitcoin falling 2.10%. Other notable losses include Binance Coin down 5.49% and Solana down 5.06%. Some smaller tokens showed gains, but the overall market trend was n...
Bitcoin stabilized around $66,000 after falling about 18% from $81,000 amid a tough selloff. A stronger-than-expected ADP jobs report showing 122,000 new private-sector jobs in May helped pause the decline by suggesting the economy isn't collapsing, ...
XRP experienced a sharp price drop to $1.22 triggered by an $18.57 million liquidation of long positions, revealing a 1,614% margin imbalance. This forced sell-off was driven by a six-month downtrend and a recent 8.19% decline in June, causing automa...
Dogecoin has declined about 5.54% in 24 hours, reaching a historic accumulation zone between $0.10 and $0.11, a level that previously triggered three major rallies in 2017, 2021, and 2024. The price aligns with the Cumulative Value Days Destroyed (CV...
Thunes has launched real-time payments infrastructure in the US through a direct connection with a Tier 1 bank, marking a significant step in institutional cross-border payments. This move strengthens Thunes' partnership with Ripple, extending their ...
