Author: James Wilson

OpenAI has acquired patent assets from AI chip startup Rain AI after earlier negotiations to buy the company ended without an agreement, according to The Information. Summary OpenAI acquired some Rain AI patents, but the financial terms and number of assets were not disclosed. Earlier negotiations for a complete takeover failed to produce a deal, leaving Rain AI close to shutting down. Rain AI developed energy-efficient chips for AI workloads and previously secured backing from Sam Altman. The transaction expands OpenAI’s hardware assets as advanced computing capacity becomes a strategic priority. OpenAI buys Rain AI patents after failed takeover OpenAI…

Ethereum price moved back above $1,900 on Aug. 6 as renewed spot demand and short liquidations helped buyers defend the latest recovery. Summary Ethereum price was trading near $1,908 on Thursday after reaching an intraday high of $1,920. The daily chart places the next major resistance at $1,965, followed by $2,000. 4-hour Supertrend support has risen to $1,842, keeping the short-term structure bullish. Liquidation clusters near $1,925–$1,950 could accelerate a breakout or trigger another rejection. Ethereum price holds above $1,900 According to data from crypto.news, Ethereum (ETH) price was trading at approximately $1,908 at the time of writing, having recovered…

Hong Kong police have received 255 reports linked to the alleged Fun Coffee cryptocurrency investment scam, pushing total reported losses to about HK$104 million as investigators continue making arrests and expanding the probe. Summary Hong Kong police have received 255 reports linked to the Fun Coffee crypto investment scam with losses reaching HK$104 million. Authorities say the platform promised annual returns of up to 278% through USDT based investment plans before withdrawals stopped. Six people have been arrested in Hong Kong while Macau police detained two suspects in a related investigation. Police are contacting victims and people linked to Fun…

Block Inc. has increased its corporate Bitcoin treasury by 85 BTC, taking its total holdings to 9,117 BTC and moving the Jack Dorsey-led company to 15th place in the Bitcoin 100 corporate holdings ranking. Summary Block has increased its Bitcoin treasury by 85 BTC, taking total holdings to 9,117 BTC. The latest purchase moves the Jack Dorsey led company to 15th place among public Bitcoin holders. The addition comes weeks after Block joined the S&P 500 as the second crypto focused company in the index. Block continues to add Bitcoin while Strategy has recently used part of its holdings under…

JPYC has raised a total of 6 billion yen ($38 million) through an extended Series B round, adding fresh corporate backing as the Japanese stablecoin issuer expands its payment network and Web3 financial services. Summary JPYC has raised 6 billion yen ($38 million) in an extended Series B round to expand its stablecoin ecosystem. AZ COM Maruwa has invested 1 billion yen and plans to use JPYC for payments to about 2,300 business partners and contractors. JPYC is taking part in Lawson’s stablecoin payment pilot as regulated digital payments gain traction across Japan. Metaplanet has backed JPYC through both its…

Uniswap Labs launched Pools.trade on Aug. 5, moving the decentralized exchange developer directly into memecoin creation on Robinhood Chain.  Summary Pools.trade offers crowd and instant launches that settle into permanently locked Uniswap v4 liquidity pools. Robinhood Chain launched publicly in July with Uniswap serving as its primary public liquidity protocol. Santiment reported UNI exchange supply fell 15.7% while prices rose about 47% since July began. DefiLlama recorded Robinhood Chain at $519.97 million daily DEX volume and $597.51 million stablecoin capitalization. FRONG and POOLS attention remains speculative because token status and fundamentals remain difficult to verify. The platform lets users create,…

Circle Internet Group said on Aug. 5 that its Coinbase USDC agreement had renewed on existing terms, keeping the stablecoin at the center of the U.S. exchange’s products.  Summary Circle renewed its Coinbase USDC agreement on existing terms for three additional years through 2029. USDC circulation reached $73.3 billion, rising 19% from the same quarter last year despite weakness. Circle generated $701 million in quarterly revenue and reserve income, up 7% year over year. Circle rejected quarterly dividends, favoring reinvestment in products, distribution partnerships and strategic opportunities over payouts. Coinbase held 30% of USDC circulation on its platform at the…

Senator Cynthia Lummis is pressing the Senate to vote on the CLARITY Act before its August recess as bipartisan negotiations continue over several unresolved provisions. Summary Lummis said lawmakers are negotiating the bill daily as the Senate’s legislative window narrows. Talks remain focused on CFTC authority, ethics rules, illicit finance and stablecoin yield. The legislation needs 60 Senate votes to overcome the chamber’s cloture threshold. Senate records had not confirmed a CLARITY Act cloture filing, leaving the vote timing uncertain. Lummis says CLARITY Act talks continue daily Lummis said Senate negotiators were still working toward an agreement after nearly 11…

Pi Network price gained more than 10% this week as rising volume, the Protocol 26 upgrade, and a new RoboPay integration improved short-term demand. Summary Pi Network price gained more than 10% this week, with trading volume rising 75% to $11.5 million. The token is testing resistance between $0.0882 and $0.0900 on the 4-hour chart. PI reclaimed its 20-day SMA at $0.08513, while Chaikin Money Flow turned positive. Protocol 26 requires Mainnet node operators to upgrade by Aug. 11 to remain connected. Pi Network price tests $0.09 resistance According to data from crypto.news, Pi Network (PI) price traded near $0.0872…

Most of the Bitcoin stolen through the COLDCARD wallet flaw remains unmoved, but on-chain investigators have detected a separate attacker beginning to route smaller amounts through a mixer. Summary The largest known COLDCARD attacker controls 1,159 BTC across seven addresses. None of the 1,159 BTC has entered mixers or been transferred to an identifiable cash-out service. A separate attacker sent 64 BTC toward a mixer, initially mixing about 10 BTC. Investigators have distributed roughly 600 flagged addresses to law enforcement, exchanges, and analytics firms. COLDCARD attacker leaves 1,159 BTC untouched Galaxy Research said the largest known theft connected to the…