OpenAI and Disney have partnered for a three-year deal granting Sora access to Disney’s vast catalog, including over 200 characters from Marvel, Pixar, Star Wars, and more, enabling users to generate short videos and images responsibly while protecting creators. Exclusive licensing agreement: Disney becomes the first major studio to license content to OpenAI’s Sora for […]

AI data centers are surpassing Bitcoin miners as the primary drivers of Texas’s surging power demand, with ERCOT reporting 226 gigawatts in large-load requests, 73% linked to AI facilities. This shift is reshaping grid planning, prioritizing constant power over intermittent sources like solar. ERCOT’s large-load queue hits 226 GW, dominated by AI data centers at […]

Brazil’s central bank has prohibited Nubank from using the “bank” label in its domestic branding due to lacking a full banking license, effective November 2024. This regulatory action aims to prevent consumer confusion, pushing the fintech giant to explore acquiring a licensed bank for compliance. Nubank, Brazil’s largest fintech with 110 million customers and over […]

Bitcoin slipped to around $90,000 following the Federal Reserve’s 25 basis point rate cut due to surging exchange inflows and significant whale distributions, intensifying selling pressure despite ETF gains. Exchange netflows surged by 928,000 BTC post-rate cut, boosting sell-side liquidity and contributing to Bitcoin’s downward movement. Whale holdings declined by nearly 7% over 30 days, […]

Disney has issued a cease-and-desist order to Google for AI copyright infringement, accusing the company of using Disney characters like those from Frozen and Star Wars to train AI models without permission. This action coincides with Disney’s new partnership with OpenAI, allowing licensed character generation in Sora for fan content. Disney claims Google’s AI systems, […]

Solana’s recent price dip to $129 from $144 saw whale accumulation of over 101,000 SOL worth $13.89 million, signaling confidence amid institutional ETF inflows totaling $949.1 million in assets, despite retail selling pressure. Solana whales withdrew significant SOL from exchanges during the pullback, boosting holdings to $84.13 million. Institutions drove five consecutive days of Solana […]

US initial jobless claims surged by 44,000 to 236,000 for the week ending December 6, marking the largest weekly increase since March 2020 amid holiday slowdowns and economic uncertainties affecting cryptocurrency markets through Federal Reserve policies. Claims jump surprises economists: The figure exceeded most Bloomberg survey estimates, following a low prior week due to Thanksgiving […]

J.P. Morgan completed a groundbreaking $50 million U.S. commercial paper issuance on the Solana blockchain, marking one of the first such transactions on a public network. This involved Galaxy Digital Holdings, with buyers including Coinbase and Franklin Templeton, settled in USDC stablecoins. Solana’s high throughput and low latency make it ideal for institutional finance, as […]

Most Bitcoin treasury firms are facing unrealized losses as Bitcoin hovers around $90,000, with 65% of buyers acquiring it above this price. Despite this, net accumulation reached 10,750 Bitcoin last month, driven by a few aggressive purchasers like Strategy. 65% of Bitcoin-buying companies hold positions at a loss due to purchases above $90,000. Five firms, […]

OpenAI and Disney have partnered for a three-year deal granting Sora access to Disney’s vast catalog, including over 200 characters from Marvel, Pixar, Star Wars, and more, enabling users to generate short videos and images responsibly while protecting creators. Exclusive licensing agreement: Disney becomes the first major studio to license content to OpenAI’s Sora for […]

AI data centers are surpassing Bitcoin miners as the primary drivers of Texas’s surging power demand, with ERCOT reporting 226 gigawatts in large-load requests, 73% linked to AI facilities. This shift is reshaping grid planning, prioritizing constant power over intermittent sources like solar. ERCOT’s large-load queue hits 226 GW, dominated by AI data centers at […]

Brazil’s central bank has prohibited Nubank from using the “bank” label in its domestic branding due to lacking a full banking license, effective November 2024. This regulatory action aims to prevent consumer confusion, pushing the fintech giant to explore acquiring a licensed bank for compliance. Nubank, Brazil’s largest fintech with 110 million customers and over […]

Bitcoin slipped to around $90,000 following the Federal Reserve’s 25 basis point rate cut due to surging exchange inflows and significant whale distributions, intensifying selling pressure despite ETF gains. Exchange netflows surged by 928,000 BTC post-rate cut, boosting sell-side liquidity and contributing to Bitcoin’s downward movement. Whale holdings declined by nearly 7% over 30 days, […]

Disney has issued a cease-and-desist order to Google for AI copyright infringement, accusing the company of using Disney characters like those from Frozen and Star Wars to train AI models without permission. This action coincides with Disney’s new partnership with OpenAI, allowing licensed character generation in Sora for fan content. Disney claims Google’s AI systems, […]

Solana’s recent price dip to $129 from $144 saw whale accumulation of over 101,000 SOL worth $13.89 million, signaling confidence amid institutional ETF inflows totaling $949.1 million in assets, despite retail selling pressure. Solana whales withdrew significant SOL from exchanges during the pullback, boosting holdings to $84.13 million. Institutions drove five consecutive days of Solana […]

US initial jobless claims surged by 44,000 to 236,000 for the week ending December 6, marking the largest weekly increase since March 2020 amid holiday slowdowns and economic uncertainties affecting cryptocurrency markets through Federal Reserve policies. Claims jump surprises economists: The figure exceeded most Bloomberg survey estimates, following a low prior week due to Thanksgiving […]

J.P. Morgan completed a groundbreaking $50 million U.S. commercial paper issuance on the Solana blockchain, marking one of the first such transactions on a public network. This involved Galaxy Digital Holdings, with buyers including Coinbase and Franklin Templeton, settled in USDC stablecoins. Solana’s high throughput and low latency make it ideal for institutional finance, as […]

Most Bitcoin treasury firms are facing unrealized losses as Bitcoin hovers around $90,000, with 65% of buyers acquiring it above this price. Despite this, net accumulation reached 10,750 Bitcoin last month, driven by a few aggressive purchasers like Strategy. 65% of Bitcoin-buying companies hold positions at a loss due to purchases above $90,000. Five firms, […]