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The mixed ruling was claimed as a victory by both Stability AI and Getty Images, muddying the legal waters around AI and intellectual property. The United Kingdom’s High Court of Justice issued a mixed ruling on Tuesday in the Getty Images v. Stability AI intellectual property case filed in 2023, which mostly favored Stability AI but left key questions unanswered about AI’s use of copyrighted material. Getty owns a library of copyrighted online stock images — which it licenses to users for a fee — and alleged that Stability’s Stable Diffusion AI model, which is trained using online material, infringed upon its trademark and copyrighted material. Stability’s Stable Diffusion AI model infringed on Getty’s trademark by reproducing its watermark in certain cases. However, the findings were “extremely limited in scope,” Justice Joanna Smith ruled. Read more
Some experts suggest that the US Senate is more likely to pass a funding bill to reopen the government before any crypto legislation. Discussions over the digital asset market structure bill currently being considered in the US Senate are reportedly still happening amid the longest government shutdown in the country's history. According to a Tuesday Politico report, Republican Senator John Boozman with the Senate Agriculture Committee — one of the committees that will need to approve the bill before consideration in the full chamber — will discuss the market structure legislation with White House crypto and AI czar David Sacks and Democratic Senator Cory Booker. The reported call will come as lawmakers prepare to finalize a discussion draft of the bill. The market structure bill is expected to be one of the most significant pieces of legislation affecting the crypto industry to come out of the current session of Congress. Read more
The Chicago-based crypto venture company has already invested part of its new $136 million fund in stablecoin startups, as blockchain VC activity slows in 2025. CMT Digital, a Chicago-based venture capital firm specializing in digital assets, has closed its fourth fund, raising $136 million to back blockchain startups. The fund will target founders developing the next wave of crypto infrastructure and applications, as regulatory clarity improves and institutional adoption accelerates, according to an announcement on Wednesday. Investment partner Sam Hallene told Fortune that the fund drew backing from a mix of wealthy individuals, family offices, and institutional investors, though he declined to name participants in the round. Read more
The company updated its terms to prohibit the purchase or sale of weapons “in contravention of applicable laws,” suggesting that legally permissible transactions were possible. Stablecoin issuer Circle updated its policy for one of its tokens to clarify rules around prohibited transactions, explicitly addressing the use of legally obtained firearms and weapons. Crypto sleuths and reports from this week noted that Circle had updated its terms for its USDC (USDC) stablecoin. The terms specifically stated that the platform had the “right to monitor and, if appropriate, block or otherwise prevent transactions” related to the purchase of firearms, ammunition, explosives and other weapons. However, users noted that Circle had updated the terms to include weapons “in contravention of applicable laws,” suggesting that US-based users and others could legally purchase firearms using the stablecoin. Read more
The hack was one of the “most sophisticated” attacks so far in 2025, according to Deddy Lavid, CEO of blockchain security company Cyvers. The team behind decentralized finance (DeFi) protocol Balancer published a preliminary post-mortem report on Wednesday, detailing the cause of the exploit that siphoned $116 million across DeFi markets. Balancer was hit by a sophisticated code exploit on Monday that affected Balancer v2 Stable Pools and Composable Stable v5 pools, while all other pool types remained unaffected, according to the report. The hacker used a combination of BatchSwaps, which allow the user to bundle multiple actions in a single transaction, including flashloans — short-term loans borrowed and repaid within the same transaction — and an exploit of the upscale rounding function that affects EXACT_OUT swaps in the Stable Pools. Read more
ETH’s flash crash to $3,050 cleared out $1.3 billion in leveraged long positions, creating a market imbalance with $7 billion in short liquidity. Will a short squeeze send ETH above $4,000? Key takeaways: Ether dipped to $3,055, wiping out $1.3 billion in long liquidations across exchanges. Over $7 billion in short positions near $4,000 sets up potential for a sharp squeeze. Read more
Tangem Pay enables users to spend Circle’s USDC stablecoin worldwide through a virtual Visa card that connects directly to Tangem’s self-custodial hardware wallet. Cryptocurrency wallet company Tangem has launched Tangem Pay, a virtual Visa card connecting directly to the hardware wallet and allowing users to spend stablecoins at millions of merchants worldwide. Launched in collaboration with US payment infrastructure company Paera, Tangem Pay enables users to deposit and spend Circle’s USDC (USDC) stablecoin on the Polygon network, Tangem said in an announcement shared with Cointelegraph on Wednesday. “Once the user deposits into their Tangem Pay account, they can spend anywhere Visa is accepted, regardless of the local currency,” Tangem Pay CEO Marcos Nunes said, adding that the solution supports Apple Pay and Google Pay for instant Visa payments. Read more
The mining hardware maker said it's refocusing on its core business of ASIC chip design and high-performance computing equipment as it scales production in the United States. Bitcoin mining hardware maker Canaan Inc. has secured a $72 million strategic equity investment from Galaxy Digital, Weiss Asset Management and Brevan Howard’s digital asset arm, Brevan Howard Digital. The transaction, announced on Tuesday, will bolster the company’s balance sheet and reduce its dependence on future at-the-market (ATM) capital raises, it said. Under the deal, investors bought 63.7 million American depositary shares, representing Canaan’s Class A stock at $1.13 each through a registered direct offering. Founded in 2013, Canaan specializes in application-specific integrated circuit (ASIC) chip design and high-performance computing equipment. The company developed the first Avalon-branded Bitcoin mining rigs in 2013 and listed on Nasdaq in 2019. Read more
With a third of Bitcoin held at a loss, onchain data suggested that the market may be nearing a critical reset phase. Will BTC end the year above its range highs? Key takeaways: Around one-third of Bitcoin’s supply is now held at a loss, levels last seen in September 2024. Onchain metrics show rising short-term losses but moderate selling pressure overall. Read more
With the right workflow, data feeds and prompts, ChatGPT can generate structured market summaries, flag risk clusters and support smarter decision-making. The real edge in crypto trading lies in detecting structural fragility early, not in predicting prices. ChatGPT can merge quantitative metrics and narrative data to help identify systemic risk clusters before they lead to volatility. Consistent prompts and verified data sources can make ChatGPT a dependable market-signal assistant. Read more
Bitcoin bulls are aggressively defending the critical $100,000 support level, as a break below it may accelerate selling, potentially pulling BTC price below $87,800. Key points: Bitcoin has bounced off the $100,000 support, but the relief rally is expected to face selling near $107,000. Several altcoins are finding buying support at lower levels, but the recovery may face selling on rallies. Read more
Galaxy pointed to changing liquidity patterns and leveraged liquidations as key reasons for cutting its Bitcoin price outlook. Investment company Galaxy lowered its 2025 Bitcoin price forecast to $120,000 from $185,000, citing several headwinds and dampened price volatility due to passive investment flows into exchange-traded funds (ETFs) and financial institutions. Factors such as whales dumping 400,000 Bitcoin (BTC) onto the market in October, along with rotations into other investment narratives such as gold, AI and stablecoins, in addition to leveraged liquidations, have put a damper on BTC price, Alex Thorn, Galaxy’s head of research, said on Wednesday. “Bitcoin has entered a new phase, what we call the ‘maturity era,’ in which institutional absorption, passive flows, and lower volatility dominate,” Thorn wrote on X. “If bitcoin can maintain the $100,000 level, we believe the almost three-year bull market will remain structurally intact, though the pace of future gains may be slower.” Read more
Ripple’s massive valuation backed by Citadel and Fortress highlights rising Wall Street confidence in blockchain and stablecoin innovation. Blockchain payments company Ripple has been valued at $40 billion following new equity investments from Citadel Securities and Fortress Investment Group, underscoring the growing appeal of blockchain technology among mainstream financial institutions. According to a Financial Times report on Wednesday, Ripple raised $500 million from several investors in its latest funding round, which cemented the lofty valuation. The deal signals a broader shift as established Wall Street firms move to gain exposure to the digital payments and blockchain sector despite ongoing market pressures. Other investors included hedge fund Brevan Howard and crypto-focused venture capital companies Pantera and Galaxy Digital. Read more
Ether could drop as low as $2,200 in the coming days, fuelled by risk-off mode among derivatives traders and a weakening technical structure. Key takeaways: ETH price dropped to its yearly open at $3,330 on Tuesday, wiping out more than $484.5 million on long ETH leveraged positions. Risk-off behavior among derivatives traders weighs down Ether’s price. Read more
Bitcoin unrealized losses reached nearly one-third of the supply, even before BTC price fell to multimonth lows below $100,000. Key points: Bitcoin struggles to recoup losses that sparked multimonth lows under $100,000. Traders hope that whales will push the market higher to neutralize late shorts. Read more
If a crypto exchange has tech glitches, or a market maker pulls liquidity, exacerbating a flash crash, there are few legal avenues to pursue. Almost twenty billion dollars in perpetual futures positions were liquidated during the Oct. 10 crypto crash, prompting traders to ask who should pay if platforms fail under pressure. Unlike regulated securities exchanges, crypto venues can pull liquidity, cut profitable positions and often rely on arbitration clauses that limit legal recourse as long as users have clicked I agree. In the latest liquidation frenzy, Binance was at the center of controversy as some users claimed they were unable to properly close their positions in time. Binance said its core features remained operational, but acknowledged technical glitches that caused certain asset prices to appear temporarily depegged from the broader market. Earlier this weeks social media was rife with rumors that market maker Wintermute planned to sue Binance over losses sustained during the crash, although that was...
If a crypto exchange has tech glitches, or a market maker pulls liquidity, exacerbating a flash crash, there are few legal avenues to pursue. Almost twenty billion dollars in perpetual futures positions were liquidated during the Oct. 10 crypto crash, prompting traders to ask who should pay if platforms fail under pressure. Unlike regulated securities exchanges, crypto venues can pull liquidity, cut profitable positions and often rely on arbitration clauses that limit legal recourse as long as users have clicked I agree. In the latest liquidation frenzy, Binance was at the center of controversy as some users claimed they were unable to properly close their positions in time. Binance said its core features remained operational, but acknowledged technical glitches that caused certain asset prices to appear temporarily depegged from the broader market. Earlier this weeks social media was rife with rumors that market maker Wintermute planned to sue Binance over losses sustained during the crash, although that was...
If a crypto exchange has tech glitches, or a market maker pulls liquidity, exacerbating a flash crash, there are few legal avenues to pursue. Almost twenty billion dollars in perpetual futures positions were liquidated during the Oct. 10 crypto crash, prompting traders to ask who should pay if platforms fail under pressure. Unlike regulated securities exchanges, crypto venues can pull liquidity, cut profitable positions and often rely on arbitration clauses that limit legal recourse as long as users have clicked I agree. In the latest liquidation frenzy, Binance was at the center of controversy as some users claimed they were unable to properly close their positions in time. Binance said its core features remained operational, but acknowledged technical glitches that caused certain asset prices to appear temporarily depegged from the broader market. Earlier this weeks social media was rife with rumors that market maker Wintermute planned to sue Binance over losses sustained during the crash, although that was...
If a crypto exchange has tech glitches, or a market maker pulls liquidity, exacerbating a flash crash, there are few legal avenues to pursue. Almost twenty billion dollars in perpetual futures positions were liquidated during the Oct. 10 crypto crash, prompting traders to ask who should pay if platforms fail under pressure. Unlike regulated securities exchanges, crypto venues can pull liquidity, cut profitable positions and often rely on arbitration clauses that limit legal recourse as long as users have clicked I agree. In the latest liquidation frenzy, Binance was at the center of controversy as some users claimed they were unable to properly close their positions in time. Binance said its core features remained operational, but acknowledged technical glitches that caused certain asset prices to appear temporarily depegged from the broader market. Earlier this weeks social media was rife with rumors that market maker Wintermute planned to sue Binance over losses sustained during the crash, although that was...
If a crypto exchange has tech glitches, or a market maker pulls liquidity, exacerbating a flash crash, there are few legal avenues to pursue. Almost twenty billion dollars in perpetual futures positions were liquidated during the Oct. 10 crypto crash, prompting traders to ask who should pay if platforms fail under pressure. Unlike regulated securities exchanges, crypto venues can pull liquidity, cut profitable positions and often rely on arbitration clauses that limit legal recourse as long as users have clicked I agree. In the latest liquidation frenzy, Binance was at the center of controversy as some users claimed they were unable to properly close their positions in time. Binance said its core features remained operational, but acknowledged technical glitches that caused certain asset prices to appear temporarily depegged from the broader market. Earlier this weeks social media was rife with rumors that market maker Wintermute planned to sue Binance over losses sustained during the crash, although that was...8850 items