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forklog.media Bithumb CEO Under Investigation for Corruption

South Korean law enforcement has identified Bithumb's CEO Lee Jae Won as a suspect in a corruption case. Investigators allege that the executive hired the son and aide of independent lawmaker Kim Byung Gi in exchange for lobbying the platform's interests. According to the police, the politician used his authority to combat the monopoly of Bithumb's competitor, Upbit.

forklog.media Anthropic CEO Calls for Stricter Oversight of AI Models

The US needs to tighten its approach to regulating artificial intelligence, shifting from a disclosure regime to mandatory safety checks for the most powerful AI models. This proposal was made by Anthropic CEO Dario Amodei in his essay. According to him, it's time to move from transparency to more serious and mandatory AI regulation. Alongside the essay, Anthropic presented two documents: the Advanced AI Framework on oversight of frontier models and the Economic Policy Framework on preparing the economy for potential AI-driven worker displacement. External Checks and Right to Block Amodei proposed mandatory testing for models that exceed a certain threshold of computational resources. In Anthropic's framework, this refers to systems trained using more than 10²⁵ floating-point operations if the developer earns more than $500 million annually from AI or spends over $1 billion on research and development in this area. According to his plan, qualified external organizations should conduct the checks. Testing should cover four risk categories: cybersecurity; creation of biological weapons; loss of control over AI systems; automated research and development that could accelerate these threats. If the assessment reveals an unacceptable risk, authorities should have the right to block the launch or restrain the deployment of the model. Amodei compared the proposed regime to aviation oversight: "The most powerful AI models, like airplanes, should undergo technical tests and audits." Additionally, developers should be required to protect model weights and training infrastructure, conduct regular safety checks, publish risk reports, and promptly report serious incidents. Labor Market: From Retraining to Basic Income In the essay, Amodei warned that AI could cause more extensive and prolonged disruptions in the labor market than past technological shifts. Three scenarios are likely: unemployment around 5%, 10%, and an unprecedented level. Among possible measures, he listed improved data collection on worker displacement, incentives for job retention, retraining programs, and, in more severe scenarios, long-term income support, including unconditional basic income. According to the company's document, Anthropic will allocate $200 million to the Economic Futures Research Fund for research and evaluation of economic policy, and will establish a national scholarship program of $150 million for early-career specialists. Civil Liberties A separate section of Amodei's essay focused on civil liberties. He proposed establishing accountability rules for fully autonomous weapons, banning their use within the US, and closing the loophole of purchasing data from brokers for mass surveillance. Another idea is to ensure citizens have access to AI that is not inferior to that used by the government against them in regulatory or legal procedures. According to Amodei, without such balance, AI could enhance the authorities' advantage. The essay was published the day after the launch of Claude Fable 5 and Claude Mythos 5. Anthropic described Fable 5 as its most powerful publicly available model, while Mythos 5 is a version of the same base model with relaxed restrictions in certain areas for a limited group of Project Glasswing partners. Back in June, members of the Anthropic team observed signs of approaching recursive self-improvement in AI. The company suggested that society might need a mechanism to slow down the development of advanced models so that institutions and safety research can keep pace with progress.

cryptobriefing.com AI is driving tech hardware prices through the roof, and it’s becoming everyone’s inflation problem

Rising tech hardware costs due to AI demand could strain consumer budgets and disrupt sectors reliant on affordable computing resources. The post AI is driving tech hardware prices through the roof, and it’s becoming everyone’s inflation problem appeared first on Crypto Briefing.

bitcoinist.com Record Institutional Bitcoin Selling Now Exceeds Miner Output By 460%

Institutional selling in the Bitcoin market has reached a new record, with massive entities shedding supply equal to 460% of the daily mining output. Bitcoin Institutions Have Taken To Notable Net Selling As explained by Capriole Investments founder Charles Edwards in an X post, institutions are participating in a record amount of Bitcoin selling. The […]

news.bitcoin.com Luno CEO James Lanigan Warns $33T Stablecoin Boom Could Bypass South Africa

Luno CEO James Lanigan warned that South Africa’s proposed Capital Flow Management Regulations could severely harm the country’s economic competitiveness by restricting stablecoin use. Lanigan Warns of Competitiveness Risk South Africa risks severely undermining its global economic competitiveness if upcoming financial regulations block the use of stablecoins, according to James Lanigan, chief executive officer of […]

forklog.media Delaware and New Jersey Ban Cryptocurrency ATMs

The American states of Delaware and New Jersey have enacted laws prohibiting cryptocurrency ATMs. The authors of the initiatives cited increased fraud risks. The documents ban the ownership, installation, and operation of such devices. Violations of the provisions are subject to fines of up to $10,000. The Delaware law also restricts fiat-to-cryptocurrency exchanges that "mimic or replace" ATMs, such as through point-of-sale systems or cash registers. Delaware representative and bill sponsor Cindy Romer stated that cryptocurrency ATMs "turn digital currency into a means of extorting cash." "Ordinary crypto traders generally do not use cryptocurrency ATMs due to higher fees, which can reach 20% of the transaction amount, compared to 0.4% to 1% fees on exchanges. There is no reason to support a business structure that allows fraudsters to extort money from the most vulnerable segments of the population," she added. According to the FBI, in 2025, law enforcement recorded over 13,400 reports related to cryptocurrency ATMs and fraud. Victims' losses exceeded $388 million—58% more than the previous year. Delaware and New Jersey have joined other jurisdictions with this initiative. In March, Indiana became the first U.S. state to ban cryptocurrency ATMs. In April, Tennessee took a similar step, and in May, Minnesota passed a law. Some individual counties and cities in other states, such as California and Massachusetts, are also seeking to ban crypto ATMs. In May, the cryptocurrency ATM operator Bitcoin Depot filed for bankruptcy in Texas. The company cited regulatory pressure as the reason for the decision.

cryptobriefing.com Jules Koundé suffers muscle injury ahead of World Cup opener, raising questions for Barcelona fan token holders

Kound's injury could impact Barcelona's squad depth and transfer strategies, potentially influencing $BAR fan token market dynamics. The post Jules Koundé suffers muscle injury ahead of World Cup opener, raising questions for Barcelona fan token holders appeared first on Crypto Briefing.

cryptobriefing.com Iran closes Strait of Hormuz as US tensions escalate, Bitcoin-backed insurance enters the picture

The closure of the Strait of Hormuz could trigger global economic instability, heightening energy market volatility and geopolitical tensions. The post Iran closes Strait of Hormuz as US tensions escalate, Bitcoin-backed insurance enters the picture appeared first on Crypto Briefing.

cryptobriefing.com Azteca Stadium’s $300M World Cup makeover arrives alongside FIFA’s new crypto partnership with Kraken

The Azteca Stadium renovation and FIFA's partnership with Kraken highlight the growing influence of crypto in global sports marketing. The post Azteca Stadium’s $300M World Cup makeover arrives alongside FIFA’s new crypto partnership with Kraken appeared first on Crypto Briefing.

forklog.media Meta Removes Facial Recognition Feature from Smart Glasses After Controversy

Meta has removed facial recognition components from the latest version of the Meta AI app for smart glasses. This action followed an investigation published by WIRED. Journalists discovered a hidden NameTag system in the app's code for smart glasses. It allowed the creation of unique biometric profiles of individuals captured by the device. The program stored images and indexed faces without users' knowledge. Meta representatives called the investigation "inaccurate," but later released an update. The new version removed libraries for identification, folders for storing processed photos, and notifications of successful recognition. Meta's CTO Andrew Bosworth previously stated that a final decision on implementing the technology had not been made. However, the code contained references to plans to launch the system during a "dynamic political environment" when privacy concerns might be less prominent. Civil rights advocates from the ACLU criticized the company's actions. They argue that the covert inclusion of such code underscores the need for strict legislative regulation of biometric data collection. Currently, only a few references to the system remain in the app's debug menu. Meta declined to answer WIRED's questions about the reasons for the code's removal. In March, a class action lawsuit was filed against Meta for allegedly sending intimate footage captured by smart glasses to contractors in Kenya. 

news.bitcoin.com Nasdaq-Listed Fold Sells $45M in Bitcoin, Clears $20M Debt and Frees Cash for Expansion

Fold Holdings recently sold $45 million in bitcoin and used the proceeds to pay off $20 million in bitcoin-collateralized loans. Debt Elimination and Liquidity Boost The Nasdaq-listed bitcoin financial services company, Fold, disclosed that it monetized approximately $45 million of bitcoin at an average price of about $71,000 per bitcoin. From the proceeds, Fold repaid […]

cryptobriefing.com Jacob Ward: AI subtly manipulates human choices, our brains distort reality, and prioritizing Earth over space colonization is essential | Jordan Harbinger

AI's subtle influence on human choices raises ethical concerns about technology's impact on decision-making. The post Jacob Ward: AI subtly manipulates human choices, our brains distort reality, and prioritizing Earth over space colonization is essential | Jordan Harbinger appeared first on Crypto Briefing.

forklog.media BizLink to Acquire AI Data Center Component Supplier

BizLink Holding has signed an agreement to acquire Singapore's Interplex Datacom for $850 million. The deal also includes up to $50 million in contingent compensation. Interplex Datacom produces components for data center infrastructure, including interconnections and precision mechanical solutions for server racks. BizLink aims to strengthen this segment amid growing demand for AI infrastructure in Asia.

blockonomi.com Bithumb CEO Booked as Bribery Suspect Over Alleged Job Favor for South Korean Lawmaker’s Son

TLDR: Seoul police booked Bithumb CEO Lee Jae-won as a bribery suspect following job favor allegations.  Lawmaker Kim Byung-kee allegedly solicited his son’s Bithumb employment at a November 2024 dinner.  Police suspect Kim targeted rival exchange Dunamu legislatively in exchange for the employment favor.  A second Bithumb aide, Mr. A, is also under scrutiny for [...] The post Bithumb CEO Booked as Bribery Suspect Over Alleged Job Favor for South Korean Lawmaker’s Son appeared first on Blockonomi.

cryptobriefing.com Jacob Krempel: Baldor prioritizes quality over quantity in food distribution, flexible pricing strategies help restaurants manage costs, and produce prices face volatility due to weather and demand | Odd Lots

Rising romaine prices and Florida freezes threaten restaurant budgets amid volatile produce markets. The post Jacob Krempel: Baldor prioritizes quality over quantity in food distribution, flexible pricing strategies help restaurants manage costs, and produce prices face volatility due to weather and demand | Odd Lots appeared first on Crypto Briefing.

cryptobriefing.com Luke Gromen: The physical world will disrupt financial markets soon, gold and Bitcoin signal turbulence ahead, and the Fed’s upcoming meeting is crucial for rate policy | Forward Guidance

Rising US deficits and interest rates threaten to destabilize the bond market, challenging the Fed's strategies. The post Luke Gromen: The physical world will disrupt financial markets soon, gold and Bitcoin signal turbulence ahead, and the Fed’s upcoming meeting is crucial for rate policy | Forward Guidance appeared first on Crypto Briefing.

cryptobriefing.com Saudi Arabia condemns Iranian attacks on Jordan, Bahrain, Kuwait as crypto markets brace for volatility

Heightened geopolitical tensions risk destabilizing regional security and global markets, amplifying volatility in interconnected sectors. The post Saudi Arabia condemns Iranian attacks on Jordan, Bahrain, Kuwait as crypto markets brace for volatility appeared first on Crypto Briefing.

bitcoinist.com CLARITY Act Hits New Roadblock As Ethics Agreement Collapses In Senate Talks

The CLARITY Act has run into another hurdle as senators from both parties wrestle with ethics language tied to the already delayed crypto market structure bill.  Eleanor Terrett of Crypto In America reported that Democratic senators left a Tuesday meeting disappointed when Republicans walked back elements they had previously reached in negotiations, an outcome that […]

blockonomi.com Bitcoin Tests 200-Week Moving Average as ETF Holders Face Record Losses

TLDR: Bitcoin is trading near $62,730, testing the 200WMA for the first time this cycle. ETF holders face roughly 14% unrealized losses with cost basis near $72,400.  An estimated $10.5 billion has exited Bitcoin ETFs since October 12.  Realized Price near $53K–$54K is the next key level if the 200WMA fails.  Bitcoin is testing a [...] The post Bitcoin Tests 200-Week Moving Average as ETF Holders Face Record Losses appeared first on Blockonomi.