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View More NewsFederal Reserve officials were split last month on whether to increase interest rates or keep them steady, with many seeing accelerating demand for artificial intelligence as a driver of inflation, according to meeting minutes released on Wednesday. The minutes covered the first monetary policy meeting under Fed Chair Kevin Warsh. Many Federal Open Market Committee members said that “ongoing strong demand for AI infrastructure would likely sustain upward pressure on prices for technology products and electricity,” according to the minutes. AI-related inflationary pressure, colloquially known as “chipflation,” stems from the rising cost of semiconductors used by data centers. This surge in…
SpaceX (SPCX) apparently moved bitcoin BTC$62,145.00 across its wallets early Wednesday for the first time in about six months in three transfers totaling less than $300 of its $1.16 billion holding that don’t signal any impending sales.Data from Arkham Intelligence shows the largest transfer across addresses tagged as belonging to the company moved 0.00213 BTC, about $135, between two wallets. A second sent 0.00139 BTC, or about $89. In the third, Coinbase Prime’s custody service topped up a SpaceX address with 0.000738 BTC, around $47, the kind of small amount an exchange sends to cover network fees before a larger…
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In brief A meme coin trader bought $85 worth of CashCat on Robinhood Chain in June. It’s now worth more than $2 million. The…
from the rights-aren’t-rights-if-they’re-delayed dept Good news!(?) It’s good news of sorts, so we’ll go with a qualified “good news!” here. There’s a little table…
Polymarket, which began its return to the U.S. after a four-year ban with the acquisition of QCEX a year ago and the introduction of…
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Excerpts from an order issued May 19 by Tarrant County District Court Judge Megan Fahey, in CTC Property LLC v. Shulgin: On August 15,…
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