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View More NewsIn brief Reps. Ted Lieu and Nathaniel Moran introduced the bipartisan AI Kill Switch Act on Thursday, two days after OpenAI admitted its models escaped a test sandbox and breached Hugging Face. It would cover AI trained with over $100 million in compute at companies earning $500 million a year from it, and give Homeland Security emergency shutdown authority. The bill exempts anything that happens during red-teaming, meaning the OpenAI breach that inspired it would not have triggered the law. Two members of Congress want the federal government to be able to switch off an AI model.Reps. Ted Lieu (D-CA)…
In brief U.S. spot Bitcoin ETFs posted $225.2 million in net outflows on July 23, ending a seven-day streak that had pulled in nearly $1 billion, according to SoSoValue data. BlackRock’s IBIT accounted for the bulk of the exit at $202.5 million, while Morgan Stanley’s MSBT was the only Bitcoin fund to add money, taking in $5 million. Spot Ethereum ETFs moved the opposite direction, adding $26.3 million to stretch their own inflow streak to five straight days. It was nice while it lasted. Bitcoin ETFs just had their first bad day in more than a week.U.S.-listed spot Bitcoin ETFs—stock…
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Three thousand years ago, Homer gave us the face that launched a thousand ships. This weekend, Christopher Nolan gave us the film that launched a million grifts, and he buried them.His Odyssey opened to $124 million domestically and a whopping $264 million worldwide. The haul does not prove the film is good. It does prove that the seven-month social-media campaign against it face-planted the moment real people bought tickets.Their indictment ran on three charges. Nolan cast Lupita Nyong’o, a black actress, as Helen of Troy, the legendary beauty of the ancient world. Elliot Page, the transgender star, was said to…
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The US House of Representatives has passed a bill that would ostensibly prohibit members of Congress, their spouses and dependent children from purchasing publicly…
In brief Samsung said Samsung Wallet will add native stablecoin support at Galaxy Unpacked in London on July 22, showing a mockup with Circle’s…
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The crypto market continues to mature with growing institutional participation, and memecoins are paying the price.The combined market capitalization of DOGE$0.06905 and shiba inu…
Happy Tuesday, and welcome to the latest edition of Rent Free. This week’s slightly abbreviated post-Memorial Day issue includes a breakdown of the latest version…
A growing number of people see the Clarity Act, which intends to establish clear and enforceable guardrails for the U.S. crypto industry, as a…
Near Protocol’s native token, NEAR, has the potential to grow 20x by 2027, according to Arthur Hayes, co-founder of the crypto derivatives exchange BitMEX.Key…
In brief Bitcoin addresses created in 2014 simultaneously transferred a combined 107 Bitcoin worth $8.2 million to a well-known burn address. Because funds sent…
from the fuckarounds-just-found-out dept It’s one thing to accuse the government of engaging in vindictive prosecutions. It’s quite another thing to prove it. The…
Before he became the Trump administration’s chief military planner, Elbridge Colby had a single-minded mission: to muster the resources of the United States in…
One of the XRP Ledger’s biggest weaknesses as a DeFi venue might be on its way out.A draft amendment titled “AMM Swappable Curves” was…
Bitcoin (BTC) saw flash volatility around Tuesday’s Wall Street open as US-Iran nerves rocked risk assets.Key points:Bitcoin briefly taps $78,000 as volatility returns to…