Cryptocurrency is going to break out of its bubble and reach critical mass thanks to layer-2 blockchains — and a couple of other factors. Source …
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Elon throws AI-generated insults at GPT-4 after OpenAI CEO mocks Grok
Sam Altman posted a meme on X accusing Grok of being a GPT designed to make grandpa jokes, to which Musk clapped back in true form. Source …
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SafeMoon CEO bail release goes on hold after Feds cite flight risk
Prosecutors argued SafeMoon CEO Braden John Karony poses a flight risk given his alleged access to funds and overseas connections. Source …
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SEC’s first window to approve all 12 spot Bitcoin ETFs to begin today
There’s an eight day window between Nov. 9 and Nov. 17 where all 12 spot Bitcoin ETF filings could be approved by the SEC, according to Bloomberg ETF analysts James Seyffart and Eric Balchunas. Source …
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Ex-Cantor execs launch crypto lending platform in expectation of Bitcoin ETFs
The new platform Tokenet hopes to capitalize on institutional interest following the potential approval of a spot Bitcoin ETF. Source …
US lawmaker proposes to cut SEC chair Gary Gensler’s salary to $1
The Financial Services and General Government bill proposes to drastically cut funding to the SEC and other government agencies. Source …
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Bug in Fed’s payment system prevents Americans from getting paid
Banks stressed customer accounts “remain secure,” and balances will be updated as soon as the issue is resolved. Source …
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