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top news
Crypto Miners Are Pivoting to AI (Like Everyone Else)
Miners are repurposing their cooling systems, security and access to cheap energy to take advantage of the AI boom. ASIC machines are harder to convert.

Elon Musk Rebrands Twitter to X, Spurring Scores of Wannabe Tokens
One token zoomed 1,200% even though its related project closed in May, data shows.

U.S. House Republicans Introduce Crypto Oversight Bill With Changes From June Draft
The revised bill excludes a host of traditional securities from the "digital asset" category, which some say bodes ill for DeFi.

FTX Users Potentially Targeted in Possible Phishing Attack as Bankruptcy Claims Deadline Nears
FTX users have until Sept. 29 to file their bankruptcy claims.

RFK Jr. Vows to Back Dollar With Bitcoin, Exempt BTC From Taxes
The Democratic presidential hopeful also reiterated a May stance defending the right to self-custody bitcoin, run blockchain nodes at home and promising industry-neutral energy regulation.

Google Play Changes Policy on Tokenized Digital Assets, Allowing NFTs in Apps and Games
The company is opening up the ability for developers to let users buy, sell or earn digital assets in apps as long as they maintain transparency and adhere to other rules.

Bitcoin Holds Just Below $31K After U.S. Inflation Improves More Than Forecast
Economists had forecast sizable year-over-year declines in both headline and core inflation for this report.

Tim Draper Still Thinks Bitcoin Can Reach $250K – Just 2 Years Later Than He Expected
The billionaire investor predicted that the cryptocurrency would reach $250,000 by June 2023, but he said he wasn’t expecting the U.S. to be so aggressive in its enforcement actions.

Why Threads Got 100 Million Users When Other Twitter Rivals Could Not
Network effects and ease-of-use rule the day. And, a lot of people clearly don’t care about decentralization and privacy all that much, says CoinDesk’s Emily Parker.

Crypto Can’t Be Used as Money Due to ‘Inherent Flaws,’ BIS Tells G20
Central bankers, wary of displacing their own fiat currencies, pointed to the past year's prominent hacks and collapses.
