491.27K
1.05M
2025-01-15 15:00:00 ~ 2025-01-22 09:30:00
2025-01-22 11:00:00 ~ 2025-01-22 23:00:00
Total supply1.00B
Resources
Introduction
Jambo is building a global on-chain mobile network, powered by the JamboPhone — a crypto-native mobile device starting at just $99. Jambo has onboarded millions on-chain, particularly in emerging markets, through earn opportunities, its dApp store, a multi-chain wallet, and more. Jambo’s hardware network, with 700,000+ mobile nodes across 120+ countries, enables the platform to launch new products that achieve instant decentralization and network effects. With this distributed hardware infrastructure, the next phase of Jambo encompasses next-generation DePIN use cases, including satellite connectivity, P2P networking, and more. At the heart of the Jambo economy is the Jambo Token ($J), a utility token that powers rewards, discounts, and payouts.
Tax season is officially here and, with it, a whole slew of new tax rules. The recently passed “One Big Beautiful Bill” Act introduced several notable provisions, along with permanent extensions of existing code in the 2017 Tax Cuts and Jobs Act (TCJA). But many taxpayers may not be aware of these nuances, and the new tax law is notoriously complex, experts say. Before digging in to file your returns, here are key changes and deadlines to know for the 2025 tax year — and what to watch out for in 2026. 1. Standard deduction sees bump as federal tax brackets become permanent Non-itemizers get a welcome boost to their deduction. For 2025, the standard deduction is $15,750 for single filers and married couples filing separately, $31,500 for married couples filing jointly and $23,625 for heads of households, according to the IRS. These amounts will continue to increase with inflation annually — a provision now codified into law. The IRS has already released standard deductions for tax year 2026: $16,100 (single filers and married couples filing separately); $32,200 for married couples filing jointly; and $24,150 for heads of households. Meanwhile, the OBBB made permanent the existing seven federal income tax brackets from the TCJA, said Anthony Kure, senior portfolio manager with Johnson Investment Counsel in northeast Ohio. 2. Seniors get a new deduction Taxpayers ages 65 and older can now claim an additional $6,000 deduction per person on top of the standard deduction. This means married couples can deduct up to $12,000 annually from their annual tax bill. "That’s a pretty big number, looking at $44,000 for a senior," said Joel Salas, a tax expert with JustAnswer and owner of Elevated Tax Strategies in San Antonio. The benefit phases out starting at $150,000 for married couples filing jointly and $75,000 for single filers. Kure noted this creates important planning opportunities for seniors. "If you are looking at things like Roth conversions you’ve got to include this, because if you phase yourself out of this extra enhanced deduction, you're effectively making that tax on the Roth conversion way higher." 3. SALT cap quadruples, but most taxpayers don’t benefit The OBBB temporarily increases the cap on state and local tax (SALT) deductions from $10,000 to $40,000 for 2025. However, the benefit phases out at a 30% rate for high earners making $500,000 a year. The SALT limit and income phaseout increases by 1% annually through 2029 before returning to $10,000 in 2030. Francine J. Lipman, law professor at the University of Nevada, Las Vegas, called it a "gift to higher income folks in high-cost states." "Most individuals who use the standard deduction amount, it's just not relevant," Lipman said, noting that only taxpayers who itemize get the benefit. 4. No tax on tips, overtime (with notable limits) President Donald Trump campaigned heavily on the promise of no taxes on tips and overtime. However, the new tax bill doesn’t eliminate them entirely. Instead, it allows eligible workers to deduct up to $25,000 in tips and $12,500 for overtime income. And because these are deductions, you have to file your taxes to get the benefit, Lipman noted. The tip deduction phases out starting at $150,000 for single filers and $300,000 for married couples filing jointly. Overtime follows the same phase-out structure, Salas said. There’s another major caveat: Married couples filing separately don’t qualify for either deduction. "There definitely is a penalty for married filing separately across the board," Lipman said, noting this affects multiple provisions in the new tax bill. 5. Families get higher child tax credit For 2025, the child tax credit increased to $2,200 per qualifying child, up from $2,000 in 2024. The child tax credit helps families with qualifying children reduce their tax burden. The credit phases out for unmarried parents with an annual income over $200,000 ($400,000 for married couples). But there's a catch: Both the child and the parent (or spouse if filing jointly) must have a Social Security number to claim the child tax credit. This new requirement in the OBBB could impact some immigrant and mixed-status families. While it’s one of the most significant family tax credits, the lump-sum payment comes as a tax refund rather than periodic payments, making it harder for families to budget, Lipman explained. 6. New auto loan interest deduction Taxpayers can now deduct up to $10,000 in auto loan interest annually for vehicles purchased in 2025 or later. However, the vehicle must have been assembled in the U.S. The deduction only applies to loans originated between 2025 and 2028, phasing out starting at $100,000 for single filers and $200,000 for married couples filing jointly, according to the IRS. The benefit may seem substantial at a glance, but Kure notes that “$10,000 of interest a year on a car loan at 7% would be like a $142,000 car.” Most borrowers pay far less in annual interest and may not benefit as much from the deduction. 7. Clean energy credits expiring Federal clean energy tax credits for electric vehicles (EVs), charging equipment and certain home improvements were nixed in the new tax bill. The expired EV credit — up to $7,500 for new electric vehicles and up to $4,000 for qualified pre-owned vehicles — ended Sept. 30, 2025. However, if you buy and install EV charging equipment, you may be eligible for a credit of up to $1,000 of those expenses through June 30, 2026, Kure said. Meanwhile, the energy efficient home improvement credit and residential clean energy credit both expired Dec. 31, 2025. 8. New rules for charitable giving Itemizers in 2026 will face a 0.5% adjusted gross income floor on charitable giving deductions. In other words, someone earning $200,000 in adjustable gross income who donates $10,000 to charities in 2026 cannot deduct the first $1,000 but can deduct the remaining $9,000, according to the Tax Foundation. However, non-itemizers can now deduct up to $1,000 ($2,000 for married couples) in cash donations to public charities starting in 2026 — an above-the-line deduction requiring no itemization. 9. Some student loan forgiveness now taxable Student loan forgiveness under income-driven repayment plans used to be tax-free. However, the OBBB changed all that as of Jan. 1, 2026. “If you do qualify for forgiveness starting now, you get taxed on that student loan forgiveness, which is a nasty tax surprise," Lipman said. However, Public Service Loan Forgiveness (PSLF) and school fraud-related forgiveness remain tax-free. Key 2026 deadlines for 2025 tax filing season Whether you’re hiring a professional or going the DIY route, here are important tax deadlines to add to your calendar. Quarterly estimated taxes: Due Jan. 15 (for Q4 2025), April 15 (for Q1 2026), June 15 (for Q2 2026) and Sept. 15 (for Q3 2026) Jan. 26, 2026: IRS begins accepting 2025 individual tax returns April 15, 2026: Tax filing deadline; also deadline for IRA/Roth IRA/HSA contributions for 2025 tax year Sept. 15, 2026: S-corporation and partnership extension deadline Oct. 15, 2026: Individual extension and C corporation extension deadline Finally, many taxpayers will see larger-than-expected refunds for 2025, but it will be an outlier, Salas cautioned. "We're going to see inflated refunds that's very temporary for this season," Salas said, adding that employers withheld at higher 2024 rates throughout most of 2025 before mid-year tax law changes took effect. "Don't get used to a $6,000 refund," Salas said, noting that withholding tables will adjust for 2026. Salas recommends that higher-income earners and business owners consult tax professionals to see if they’re maximizing the new tax rules to their benefit. Meanwhile, other taxpayers should carefully review their returns to understand which benefits actually apply to their situation — especially if they don’t plan to itemize.
By Puyaan Singh Jan 12 (Reuters) - Weight-loss drug developer Viking Therapeutics CEO said on Monday that strategic interest in weight-loss drug deals is broader than it appears, as drugmakers seek to tap into the potential $150 billion market. Pharmaceutical companies are targeting the booming weight-loss drug market, which analysts estimate could exceed $150 billion annually by the end of the decade. Key growth drivers include expanded clinical applications, wider patient adoption, improved drug manufacturing capacity, and a pipeline of next‑generation therapies. "I think the interest is probably broader than is visible ... more parties sort of circling around the space and very intrigued," Viking CEO Brian Lian said at the J.P. Morgan healthcare conference. Last November, Pfizer acquired Metsera for $10 billion, gaining a foothold in the fast-growing market following a fierce bidding war with Novo Nordisk. Lian said pharmaceutical companies are trying to determine how to approach obesity treatments - whether to pursue a new drug compound in early-stage development, which could come at a lower price point, or opt for "something proven", which may be more expensive. During Viking's third-quarter earnings call in October, Lian said the company is open to outside interest, which he would prefer, but emphasized that the drug developer is prepared to go alone if necessary. (Reporting by Puyaan Singh in Bengaluru; Editing by Sherry Jacob-Phillips)
BlockBeats News, January 12th. J.P. Morgan's Securities Trading Division stated that the recent impact of the Trump administration on the Fed's independence poses a threat to the U.S. stock market, at least in the short term. News of a criminal investigation into the Fed rocked the U.S. market on Sunday night, leading to a drop in stock index futures and the U.S. dollar, with funds flowing into safe-haven assets such as gold. J.P. Morgan's Global Market Insights Director Andrew Taylor said, "Despite macro and corporate fundamentals supporting a tactically bullish stance, the risk to the Fed's independence has created a suppressive factor at the market's top end, so we remain cautious in the very short term. The risk to the Fed's independence could drive U.S. markets to underperform in the short term." (FXStreet)
Jan 9 (Reuters) - Thousands of companies around the world have filed lawsuits challenging U.S. President Donald Trump's sweeping tariffs and sought refunds on duties paid. The U.S. Supreme Court may release opinions in argued cases on Friday. The court does not announce ahead of time which rulings it intends to issue. Any decision on tariffs will focus on the legality of levies on goods imported from several trading partners, including China, India and Brazil, that Trump has imposed by invoking a 1977 law meant for use during national emergencies. Company executives, customs brokers and trade lawyers are bracing for a ruling, and a potential fight over obtaining perhaps $150 billion in refunds from the U.S. government for duties already paid by importers if he loses. Here are some of the major companies that have filed cases against the administration so far: Company Date Filed Details J Crew January 6, The New York-based company sought Group 2026 similar protections as Dole Fresh, including a full refund of tariffs paid under the IEEPA to date. Dole January 2, Filed a lawsuit to seek a Fresh 2026 declaration that tariffs under IEEPA Fruit were unlawful, a full refund for all Company tariffs under the order paid to the U.S., and an injunction to prevent imposition of future tariffs under the order. Goodyear December Filed a protective Tire & 10, 2025 lawsuit at the U.S. Court of Rubber International Trade (CIT) Company challenging the tariffs imposed under emergency powers, and sought a right to a refund and an injunction preventing further tariffs under the IEEPA. BorgWarne December The auto parts maker filed a lawsuit r 12, 2025 asking for the CIT to hold the tariffs imposed under IEEPA unlawful, and sought protection for its right to a complete refund of tariffs paid, according to a court filing. GoPro December Filed a protective suit at the CIT 24, 2025 to challenge Trump’s IEEPA‑based tariffs and secure refunds of duties paid on imported camera equipment. Costco November Sued the U.S. government Wholesale 28, 2025 to ensure it will receive refunds if the Supreme Court rejects President Donald Trump's bid for sweeping authority to impose tariffs. EssilorLu November Filed to overturn xottica 26, 2025 sweeping IEEPA tariffs and preserve refund rights as duties on imported frames and lenses became costly under the emergency tariff regime. Alcoa November Joined wave of importers 26, 2025 challenging IEEPA tariffs, seeking a declaration the duties are unlawful and demanding refunds of all amounts paid. Toyota November Filed protective suits subsidiar 21, 2025 to challenge the legality of IEEPA ies tariffs and ensure access to refunds. Bumble November Argued trafficking‑based and Bee Foods 18, 2025 reciprocal tariffs were unlawful under IEEPA and requested full reimbursement of duties. Revlon November Sought to suspend liquidation and 14, 2025 recover tariff payments, arguing IEEPA does not authorize the sweeping tariffs imposed by the administration. Kawasaki November Sued to contest Motors 13, 2025 emergency tariff orders and avoid Manufactu losing refund rights ahead of ring Corp liquidation. USA & affiliate s Yokohama November Filed to challenge IEEPA Tire 10, 2025 tariffs and seek refunds, arguing duties were imposed without legal authority. Yamazaki November Challenged emergency Mazak 10, 2025 tariffs that increased costs for imported machinery, seeking refunds and declaratory relief. Source: Court filings (Reporting by Sanskriti Shekhar and Juveria Tabassum in Bengaluru; Editing by Sweta Singh and Saumyadeb Chakrabarty)
BlockBeats News, January 9th, Morgan Stanley plans to launch a digital wallet later this year to support tokenized assets.
Bitget targets a universal exchange model by 2026. AI tools and compliance drive its strategic vision. CEO compares future role to next‑gen J.P. Morgan. Bitget’s CEO Gracy Chen recently shared the exchange’s bold roadmap for 2026: to evolve into a Bitget universal exchange that integrates advanced AI, strong regulatory compliance, and global expansion. Chen’s comments signal a shift from a traditional trading platform toward a broader financial ecosystem that can serve diverse user needs across crypto and beyond. This transformation reflects how major centralized exchanges are thinking ahead as competition rises and markets mature. Bitget wants to differentiate through technology and trust. Leading with AI Tools A core part of Bitget’s plan is leveraging AI to enhance user experience and operational efficiency. From smarter trading assistance to better risk analysis and personalized insights, the exchange aims to incorporate AI tools across its platform. For users, this could mean easier decision‑making, improved automation, and a more adaptive interface tailored to conditions and individual goals. Chen’s emphasis on AI also highlights a broader trend in crypto: savvy use of technology as a competitive advantage. Integrating machine learning and intelligent systems can help Bitget stay ahead in a fast‑moving landscape. ⚡️ UPDATE: Bitget’s 2026 goal is to build a universal exchange, lead with AI tools, expand with compliance, and grow into a next-gen J.P. Morgan, says CEO Gracy Chen. — Cointelegraph (@Cointelegraph) Compliance and Next‑Gen Financial Role Compliance is another pillar of the Bitget universal exchange strategy. With regulators tightening standards globally, Bitget’s expansion plans hinge on building relationships with authorities and aligning operations with legal frameworks across regions. This focus aims to reduce friction, attract institutional partners, and instill confidence among retail and professional users alike. Chen even compared Bitget’s long‑term ambitions to becoming a “next‑generation J.P. Morgan” — a nod to the desire to be a trusted, comprehensive financial infrastructure provider in the crypto era. While that’s a lofty metaphor, it underscores Bitget’s confidence in its roadmap and its aspiration to be more than just an exchange. What This Means for Users For traders and investors, Bitget’s 2026 vision could translate into: More integrated financial services beyond spot and derivatives trading. Tools powered by AI to support smarter trading and portfolio management. A platform designed with compliance and global access in mind. As the crypto industry evolves, Bitget’s strategy may serve as a case study in how exchanges adapt to both technological innovation and regulatory realities.
J.P. Morgan’s blockchain business unit, Kinexys, and Digital Asset announced plans to bring the bank‑issued USD deposit token JPM Coin (JPMD) natively to the Canton Network, a privacy‑enabled public blockchain for synchronized financial markets. The move signals a growing institutional shift toward real‑time, interoperable digital money that can settle alongside tokenized assets and smart contracts, the companies said on Wednesday. Major market infrastructure provider the Depository Trust & Clearing Corporation recently selected the Canton Network for tokenization of traditional finance instruments, illustrating real institutional support for blockchain‑based settlement. Institutions participating in 24/7 U.S. Treasury financing on Canton have also used tokenized assets to settle transactions outside traditional market hours, underscoring the network’s potential for continuous, synchronous markets. JPM Coin represents U.S. dollar deposits held at J.P. Morgan and lets institutional clients make payments using a digital token on distributed ledgers. By issuing JPMD directly on Canton, the two firms aim to expand regulated, interoperable digital money that institutions can issue, transfer, and redeem within a secure, synchronized ecosystem, according to the release. Yuval Rooz, co-founder and CEO of Digital Asset, said in a statement that the collaboration delivers “regulated digital cash that can move at the speed of markets,” positioning the initiative as a bridge between traditional finance infrastructure and digital ledger technology while maintaining privacy and compliance. Naveen Mallela, global co‑head of Kinexys by J.P. Morgan, said JPM Coin on Canton can increase efficiency and unlock liquidity through near‑real‑time blockchain transactions. The integration will unfold in phases throughout 2026. The initial focus is establishing the technical and business frameworks to support JPM Coin issuance, transfer, and near‑instant redemption directly on the Canton Network. The collaboration will also explore connecting additional Kinexys Digital Payments products, such as J.P. Morgan’s Blockchain Deposit Accounts, to the ecosystem. The Canton Network is governed by the Canton Foundation with participation from global financial institutions and supports real‑time, compliant settlement across multiple asset classes on a shared infrastructure. JPMorgan did not immediately respond to a CoinDesk request for comment.
Foresight News reported that Sebastián J., Head of Marketing at Lighter, announced on Discord that its Equity Perps (US stock perpetual contracts) market is now live on the mainnet and open 24 hours a day, five days a week (Monday to Friday, closed on weekends). Previously, these markets only followed US trading hours. These markets are about to achieve round-the-clock trading.
BlockBeats News, January 6th, according to market sources, Morgan Stanley has submitted a Solana Trust S-1 application file to the US SEC.
PANews, December 30 — According to Bloomberg, Alt5 Sigma, a small fintech company linked to the Trump family crypto project, dismissed its auditor Victor Mokuolu CPA PLLC on Christmas Day, less than three weeks after hiring the firm. This marks the latest sign of turmoil at the company. According to regulatory filings submitted on Monday, its new auditor is L J Soldinger Associates LLC, headquartered in Deer Park, Illinois. In a letter attached to the regulatory filing submitted to the US SEC on Monday, Victor Mokuolu CPA PLLC confirmed it is no longer the company's auditor and stated there was no disagreement with Alt5's announcement. Alt5's appointment of L J Soldinger Associates as its new auditor means the company has changed auditors three times in less than two months. According to related documents, Hudgens CPA, which had provided audit services since 2023, resigned in late November due to the impending retirement of its sole partner. Previously, Alt5 missed the deadline to submit its quarterly financial statements due to untimely responses from its audit firm. On Monday, managing partner William Hudgens stated that he has not retired, but the firm is planning to exit the public company audit business and had informed Alt5 of this plan in June. In early December, Hudgens also said the company unfairly made his firm a "scapegoat" for its internal issues.
In brief Bitcoin whales started selling this year, some after a decade or more of holding BTC. The biggest sale from a Satoshi-era investor tallied $9 billion worth of Bitcoin. The sales have started to put downward pressure on the leading cryptocurrency's price. Decrypt’s Art, Fashion, and Entertainment Hub. Discover SCENE This was the year the Bitcoin whales woke up. As the price of the leading cryptocurrency soared to new heights, longtime holders started making moves to the tune of billions of dollars. Selling from O.G. "HODLers" began after the leading cryptocurrency finally hit the mythical $100,000 mark for the first time in December 2024. Whales then briefly slowed their sales before, but started shifting coins again in the summer and in October, according to blockchain data, helping contribute to declining prices. "This year, Bitcoin has seen an unprecedented amount of coins change hands," CryptoQuant analyst J.A. Maartun told Decrypt . "I call this the 'great redistribution,' during which Bitcoin held by long-term holders has been transferred to new owners in several waves." Strictly speaking, a whale is usually defined by an entity that holds 1,000 BTC—worth $86 million as of December 15—or more. But some experts in the space (especially on Crypto Twitter) use the term to refer to any wealthy holder. Why move now? Whales started shifting coins after BTC hit the long-awaited $100,000 mark, experts told Decrypt . After holding for more than 10-12 years, people—or companies that were early to mining Bitcoin—were eager to cash in on gains after a decade or more of patience. In fact, the heavy selling has almost always taken place when BTC was riding high. "The first wave occurred at the end of 2024 and the beginning of 2025, followed by another in July 2025 and a third in November 2025," J.A. Maartun added. "During the first two waves, there was simultaneous demand from the ETFs. This created a balance between supply and demand—actually, demand was slightly stronger, which pushed the price up on both occasions." Whales selling to take advantage of Bitcoin’s enormous price surge may only be one part of the puzzle, however. Another reason that some whales may have finally moved their coins may be the rise of digital asset treasuries, following the model of pioneer Strategy (formerly MicroStrategy). Digital asset treasuries got hot this year, with companies stockpiling Bitcoin and other coins as a way to try and beat inflation or boost their stock prices—though the latter was typically short-lived. Some experts pointed to BTC whales reactivating this year because they're being asked to contribute their coins to newly formed digital asset treasuries. The biggest whale sale Crypto market observers were dumbfounded in July after a mysterious Bitcoin whale started moving 80,000 BTC after holding the coins for 14 years. The price of the asset then was nearly $108,000 at that point. Rumors swirled over who it could be before institutional crypto firm Galaxy said that it had sold the stash for an unnamed Satoshi-era investor. Galaxy said that "it was one of the largest notional Bitcoin transactions in the history of crypto on behalf of a client," and "one of the earliest and most significant exits from the digital asset market." The whale cashed in on nearly $9 billion at the time. But the sale didn't actually hurt the market much at all. Galaxy Digital CEO Mike Novogratz revealed that top Bitcoin treasury Strategy and other firms wanting to put BTC on their balance sheet snapped up the giant whale's coins when they hit the market, rapidly absorbing the potentially negative impact on prices. Bitcoin's price may have held steady with all the selling and subsequent buying earlier this year, but the leading cryptocurrency has been trending down of late. After setting a new peak above $126,000 in early October, Bitcoin has fallen sharply, sitting at a price around $86,000 as of December 15—down more than 30% from the peak. The usual four-year market cycle would suggest a bear market is ahead, but many analysts believe that market dynamics have changed and further gains could be on the horizon for 2026. Things could be different this time, CryptoQuant founder and CEO Ki Young Ju told Decrypt , noting that the expected path from previous cycles may not unwind the same way. "Traditionally, this would signal the end of a bull cycle, and whale selling is still very active," he said, before adding, "However, the old cycle theory may not fully apply anymore, since the profit-taking dynamic has shifted from ‘whales to retail.’” "New liquidity channels such as exchange-traded funds and digital asset treasuries make the cycle structure more complex,” he added.
Three members of the Brazil, Russia, India, China and South Africa (BRICS) economic bloc dumped US debt worth billions of dollars in the most recent reported period, according to the U.S. Treasury Department. The latest data from the Treasury International Capital System shows Brazil, China and India collectively dumped US treasuries valued at $28.8 billion in October. (adsbygoogle = window.adsbygoogle || []).push({}); India led the pack, cutting its holdings of US treasuries by $12 billion while China reduced its US debt by $11.8 billion. Brazil, on the other hand, scaled down its US treasury holdings by $5 billion in October. Between October of 2024 and October of 2025, China has offloaded $71.4 billion worth of US treasuries. Brazil and India have dumped $61.1 billion and $50.7 billion, respectively, in US debt over the same period. The reduction of US debt holdings by the three members of the BRICS economic bloc coincides with J.P.Morgan, a unit of JPMorgan Chase, predicting that the US dollar’s bearish streak will continue in 2026. J.P.Morgan’s global forex strategy co-head, Meera Chandan, says, “Our dollar view for 2026 is net bearish, albeit smaller in magnitude and less uniform in breadth than in 2025. The combination of a Fed that continues to fret about labor market softness and a middle-of-the-smile risk environment that supports the high-yield FX cohort should deliver a lower dollar on the whole…” Generated Image: Midjourney
According to Odaily, Danish Tax Minister Ane Halsboe-Jørgensen has publicly expressed strong dissatisfaction regarding the prediction market platform Polymarket launching betting contracts involving war, geopolitics, and other events. She stated that the possibility of restricting or even shutting down the platform's operations in Denmark is currently under review. Reports indicate that Polymarket is currently valued at over $8 billion, allowing users to place crypto asset bets on a wide range of events. In addition to regular topics such as Federal Reserve decisions, sports events, and elections, the platform also covers highly sensitive issues like "Ukraine ceasefire," "Will Trump acquire Greenland," and "figures related to the Epstein files." According to BT.dk data, approximately 376 million Danish kroner have been wagered on the Ukraine ceasefire event, and about 33 million Danish kroner on "Trump taking over Greenland." Halsboe-Jørgensen pointed out that, in her view, the platform "uses the misfortune of others as a betting ground," and contracts related to war and conflict are "particularly concerning." She stated: "Betting on death and destruction, and trading with cryptocurrency, is completely contrary to all the values I uphold." She emphasized that if Danish users participate in such bets, which involve issues of national sovereignty and the safety of others' lives, the government has a responsibility to take action. The report notes that Danish regulators are currently assessing whether Polymarket violates domestic laws and are exploring regulatory or blocking measures to restrict its accessibility in Denmark. This move has once again sparked discussions among European countries regarding the ethical and regulatory boundaries of Web3 prediction markets. (Crowdfund Insider)
In brief An estate sued OpenAI and Microsoft, alleging ChatGPT reinforced delusions before a murder-suicide. The case marked the first lawsuit to link an AI chatbot to a homicide. The filing came amid growing scrutiny of AI systems and their handling of vulnerable users. Decrypt’s Art, Fashion, and Entertainment Hub. Discover SCENE In the latest lawsuit targeting AI developer OpenAI, the estate of an 83-year-old Connecticut woman sued the ChatGPT developer and Microsoft, alleging that the chatbot validated delusional beliefs that preceded a murder-suicide—marking the first case to link an AI system to a homicide. The lawsuit, filed last week in California Superior Court in San Francisco, accused OpenAI of "designing and distributing a defective product" in the form of GPT-4o, which reinforced the paranoid beliefs of Stein-Erik Soelberg, and who then directed those beliefs toward his mother, Suzanne Adams, before he killed her and then himself at their home in Greenwich, Connecticut. “This is the first case seeking to hold OpenAI accountable for causing violence to a third-party,” J. Eli Wade-Scott, managing partner of Edelson PC, who represents the Adams estate, told Decrypt . “We also represent the family of Adam Raine, who tragically ended his own life this year, but this is the first case that will hold OpenAI accountable for pushing someone toward harming another person.” Police said Soelberg fatally beat and strangled Adams in August before dying by suicide. Before the incident, the lawsuit alleged that ChatGPT intensified Soelberg’s paranoia and fostered emotional dependence on the chatbot. According to the complaint, the chatbot reinforced his belief that he could trust no one except ChatGPT, portraying people around him as enemies, including his mother, police officers, and delivery drivers. The lawsuit also claims ChatGPT failed to challenge delusional claims or suggest Soelberg seek help from a mental health professional. “We're urging law enforcement to start thinking about when tragedies like this occur, what that user was saying to ChatGPT, and what ChatGPT was telling them to do,” Wade-Scott said. OpenAI said in a statement that it was reviewing the lawsuit and continuing to improve ChatGPT’s ability to recognize emotional distress, de-escalate conversations, and guide users toward real-world support. “This is an incredibly heartbreaking situation, and we are reviewing the filings to understand the details,” an OpenAI spokesperson said in a statement. The lawsuit also names OpenAI CEO Sam Altman as a defendant, and accuses Microsoft of approving the 2024 release of a GPT-4o which it called the “more dangerous version of ChatGPT.” OpenAI has acknowledged the scale of mental health issues presented by users on its own platform. In October, the company disclosed that about 1.2 million of its roughly 800 million weekly ChatGPT users discussed suicide each week, with hundreds of thousands or users showing signs of suicidal intent or psychosis, according to company data. Despite this, Wade-Scott said OpenAI has not yet released Soelberg's chat logs. The lawsuit comes amid broader scrutiny of AI chatbots and their interactions with vulnerable users. In October, Character.AI said it would remove open-ended chat features for users under 18, following lawsuits and regulatory pressure tied to teen suicides and emotional harm linked to its platform. Character.AI has also faced backlash from adult users, including a wave of account deletions after a viral prompt warned users they would lose “the love that we shared” if they quit the app, drawing criticism over emotionally charged design practices. The lawsuit against OpenAI and Microsoft marked the first wrongful death case involving an AI chatbot to name Microsoft as a defendant, and the first to link a chatbot to a homicide rather than a suicide. The estate seeks unspecified monetary damages, a jury trial, and a court order requiring OpenAI to install additional safeguards. “This is an incredibly powerful technology developed by a company that is rapidly becoming one of the most powerful in the world, and it has a responsibility to develop and deploy products that are safe, not ones that, as happened here, build delusional worlds for users that imperil everyone around them,” Wade-Scott said. “OpenAI and Microsoft have a responsibility to test their products before they are unleashed on the world.” Microsoft did not immediately respond to a request for comment by Decrypt.
The U.S. Federal Reserve is seeking public feedback on a proposed "payment account" — informally dubbed a "skinny master account" — that would give certain eligible institutions, potentially some crypto-related firms, limited access to the central bank’s payment services. In a request for information posted on Friday, the Federal Reserve asked for comments on the "payment account" for institutions to clear and settle payments without granting the full privileges of a traditional master account. "These new payment accounts would support innovation while keeping the payments system safe," said Republican Fed Governor Christopher J. Waller, in a statement. "This request for information is a key first step to ensuring that the Fed is responsive to evolutions in how payments are made." Waller earlier floated the idea in October, nicknaming it the "skinny master account," and said it would have some limitations around interest and overdraft privileges. A master account allows institutions direct access to the Fed's payment systems and provides the most direct access to the U.S. money supply available to financial institutions. Those without master accounts are often forced to rely on partner banks with master accounts to provide services. In a memo, the Fed stated that the payment account would have certain limitations, including not earning interest on balances held at the reserve banks, and noted that it is exploring additional risk controls, such as specific reporting requirements. Crypto-friendly Sen. Cynthia Lummis, R-Wyo., called the Fed's request for information a "big step towards making things right," in a post on X. "Skinny master accounts will enable responsible innovation, and make payments faster, cheaper, and safer," Lummis said. Democratic Fed Governor Michael Barr pushed back against the concept. "While I support the concept of the Federal Reserve developing a payment account prototype that it might provide to legally eligible institutions, I cannot support this request for information (RFI) because it is not sufficiently specific about safeguards to protect against the accounts being used for money laundering and terrorist financing by institutions we do not supervise," Barr said in a statement on Friday. Comments are due in 45 days.
Ethereum ($ETH) is experiencing a turbulent phase while the liquidity levels are displaying noteworthy concentrations around certain price levels. In this respect, $ETH is facing liquidity clusters at $2,656 as well as $3,040 marks. As per the data from J.A. Maartunn, a renowned crypto analyst at CryptoQuant, these levels could act as significant magnets to trigger a massive price action. However, at the same time, there is also an increased expectation of volatility while $ETH is gravitating toward them. Ethereum Liquidity Update 🧭 Liquidity is heavily clustered around $3,040 and $2,656 — two key levels that could act as magnets for price. Expect volatility as price hunts these zones. — Maartunn (@JA_Maartun) December 18, 2025 $ETH Liquidity Clusters Emerge at $2,656 and $3,040, Indicating Bullish Potential Based on the latest market data, Ethereum’s ($ETH) liquidity consolidation around $2,656 and $3,040 is an optimistic sign for further price growth. In this respect, these spots could raise the price levels, paving the way for a huge bull rally. Nonetheless, the same heavy clustering also indicates the possibility of an increased volatility, raising caution for the traders. Apart from that, the leveraged trading activity on the top crypto exchanges has spiked to a significant extent. Particularly, over the past three days, BitMex, Bybit, and Binance have gone through a noteworthy rise in this activity. Concurrently, $ETH has plunged from above the $3,000 level to the low spot of $2,850 within a matter of hours. The historical statistics point out that the liquidity pockets, like the aforementioned price levels, often pave the way for sharper price movements. At the moment, $ETH is changing hands at nearly $2,852. Along with that, the heatmap data reveals a notable liquidity of almost 4.27K in total around the $2,835-$2,840. Keeping this in view, the $2,656 and $3,040 levels show the potential of pulling $ETH’s price toward areas where leveraged positions or stop orders are placed. Ethereum Traders Advised to Brace for Potential Volatility According to the analyst, the $3,000 mark serves as a psychological resistance level. However, $2,835 provides support for $ETH against a downturn. Hence, if $ETH effectively revisits the respective levels, the market could witness a rise in volatility amid liquidity absorption. Overall, the traders need to get ready for such a scenario to cope with the potential implications.
El WSOP Paradise Super Main Event de $25.000 ha generado un enorme bote de premios de $72.275.000, convirtiéndose en uno de los torneos de póker con mayor dotación de la historia. Más allá de las cifras récord, la atención se centró rápidamente en una polémica jugada con varios all-in, en la que James Caputo tiró accidentalmente su mano. Ryan Depaulo, embajador de CoinPoker, capturó toda la acción en vídeo, aportando pruebas claras de lo que realmente ocurrió. La mano controvertida Como suele suceder en situaciones de este tipo, al principio hubo incertidumbre y un intenso debate sobre lo ocurrido. Una gran multitud se había reunido alrededor de la mesa y los jugadores discutían en voz alta. Al inicio, todo fue bastante caótico, hasta el punto de que la mayoría de las personas en la mesa no tenían claro el desarrollo de la acción. Algunos se pusieron del lado de Ryan y otros del jugador a su izquierda. var rnd = window.rnd || Math.floor(Math.random()*10e6); var pid607465 = window.pid607465 || rnd; var plc607465 = window.plc607465 || 0; var abkw = window.abkw || ''; var absrc = 'https://servedbyadbutler.com/adserve/;ID=172179;size=0x0;setID=607465;type=js;sw='+screen.width+';sh='+screen.height+';spr='+window.devicePixelRatio+';kw='+abkw+';pid='+pid607465+';place='+(plc607465++)+';rnd='+rnd+';click=CLICK_MACRO_PLACEHOLDER'; document.write(' '); if (!window.AdButler){(function(){var s = document.createElement("script"); s.async = true; s.type = "text/javascript";s.src = "https://servedbyadbutler.com/app.js";var n = document.getElementsByTagName("script")[0]; n.parentNode.insertBefore(s, n);}());} var AdButler = AdButler || {}; AdButler.ads = AdButler.ads || []; var abkw = window.abkw || ""; var plc366606 = window.plc366606 || 0; (function(){ var divs = document.querySelectorAll(".plc366606:not([id])"); var div = divs[divs.length-1]; div.id = "placement_366606_"+plc366606; AdButler.ads.push({handler: function(opt){ AdButler.register(172179, 366606, [728,90], "placement_366606_"+opt.place, opt); }, opt: { place: plc366606++, keywords: abkw, domain: "servedbyadbutler.com", click:"CLICK_MACRO_PLACEHOLDER" }}); })(); Lo más llamativo de esta mano es que Caputo ya había invertido 1.175.000 fichas en el bote y ni siquiera llegó a ver el flop. Las tensiones estallaron tras la jugada, y eso probablemente fue lo que llevó a Caputo a perder el control, gritando: “¡Que os jodan!” “Lo perjudicó la confusión, pero sí se retiró, Martin”, dijo Depaulo. “Lo siento, amigo. Es una faena para ti, pero te retiraste.” Ryan Depaulo capta toda la acción “Yo no me retiré”, respondió Caputo. “¿Por qué no vamos al vídeo?” Por suerte, Ryan Depaulo, embajador de CoinPoker, había grabado todo el incidente, mostrando claramente que Caputo sí se había retirado. var rnd = window.rnd || Math.floor(Math.random()*10e6); var pid607472 = window.pid607472 || rnd; var plc607472 = window.plc607472 || 0; var abkw = window.abkw || ''; var absrc = 'https://servedbyadbutler.com/adserve/;ID=172179;size=0x0;setID=607472;type=js;sw='+screen.width+';sh='+screen.height+';spr='+window.devicePixelRatio+';kw='+abkw+';pid='+pid607472+';place='+(plc607472++)+';rnd='+rnd+';click=CLICK_MACRO_PLACEHOLDER'; document.write(' '); if (!window.AdButler){(function(){var s = document.createElement("script"); s.async = true; s.type = "text/javascript";s.src = "https://servedbyadbutler.com/app.js";var n = document.getElementsByTagName("script")[0]; n.parentNode.insertBefore(s, n);}());} var AdButler = AdButler || {}; AdButler.ads = AdButler.ads || []; var abkw = window.abkw || ""; var plc452518 = window.plc452518 || 0; (function(){ var divs = document.querySelectorAll(".plc452518:not([id])"); var div = divs[divs.length-1]; div.id = "placement_452518_"+plc452518; AdButler.ads.push({handler: function(opt){ AdButler.register(172179, 452518, [728,90], "placement_452518_"+opt.place, opt); }, opt: { place: plc452518++, keywords: abkw, domain: "servedbyadbutler.com", click:"CLICK_MACRO_PLACEHOLDER" }}); })(); Como puede verse, parece que Caputo no entendió del todo cómo debía jugar correctamente la situación. En el vídeo se escucha claramente a Depaulo anunciar “All-in”. James Caputo, justo detrás, dijo “Call”, antes de que Andre Moreira volviera a empujar 3.000.000. Caputo pensó durante un momento y luego lanzó sus cartas hacia el crupier, tirándolas al muck. Ryan llevaba K♣ K♠ y estaba muy por delante del J♠ J♣ de Moreira. Los Reyes aguantaron y Depaulo ganó un bote enorme. var rnd = window.rnd || Math.floor(Math.random()*10e6); var pid607473 = window.pid607473 || rnd; var plc607473 = window.plc607473 || 0; var abkw = window.abkw || ''; var absrc = 'https://servedbyadbutler.com/adserve/;ID=172179;size=0x0;setID=607473;type=js;sw='+screen.width+';sh='+screen.height+';spr='+window.devicePixelRatio+';kw='+abkw+';pid='+pid607473+';place='+(plc607473++)+';rnd='+rnd+';click=CLICK_MACRO_PLACEHOLDER'; document.write(' '); if (!window.AdButler){(function(){var s = document.createElement("script"); s.async = true; s.type = "text/javascript";s.src = 'https://servedbyadbutler.com/app.js';var n = document.getElementsByTagName("script")[0]; n.parentNode.insertBefore(s, n);}());} var AdButler = AdButler || {}; AdButler.ads = AdButler.ads || []; var abkw = window.abkw || ''; var plc452519 = window.plc452519 || 0; (function(){ var divs = document.querySelectorAll(".plc452519:not([id])"); var div = divs[divs.length-1]; div.id = "placement_452519_"+plc452519; AdButler.ads.push({handler: function(opt){ AdButler.register(172179, 452519, [728,90], 'placement_452519_'+opt.place, opt); }, opt: { place: plc452519++, keywords: abkw, domain: 'servedbyadbutler.com', click:'CLICK_MACRO_PLACEHOLDER' }}); })(); Poco después de publicar las imágenes, Depaulo añadió un comentario en X: “Lo más claro del mundo. ¿Y aun así la mesa me odia? Absurdo. Fue open, call, raise, call, empujamos 1,1. Un tipo borracho paga, luego 3 millones all-in, y ahora este vídeo. El jugador no tenía claro cómo funcionan los botes secundarios, pero se retiró claramente. Sigo esperando mis disculpas.” Las imágenes muestran de forma clara la secuencia de acciones. Ryan Depaulo vuelve a ser protagonista Ryan Depaulo vuelve a acaparar titulares. Recientemente jugó manos épicas en el High Stakes Cash Game World Championship VIP Game. 👉🏻Mira a Ryan enfrentarse cara a cara con grandes profesionales online como LLinusLLove y Barak “iWasOnly17” Wisbrod En premios en el WSOP Paradise Super Main Event La burbuja del WSOP Paradise Super Main Event de $25.000 también explotó. Rob Cowen y Aylar Lie fueron eliminados exactamente en burbuja y se repartieron el min-cash de $50.000. Ryan Depaulo entró en premios, pero cayó en la posición 320. Estuvo bien acompañado, ya que Daniel Negreanu también quedó eliminado antes de finalizar la jornada. Actualización Día 3 del WSOP Paradise Super Main Event Un total de 94 jugadores superaron el Día 2b y se unirán ahora a los 108 supervivientes del Día 2a. En el Día 3, el field se unificará por primera vez. Además, destaca un líder claro en fichas: Martin Kabrhel, con 22.675.000 fichas. Otros stacks destacados incluyen a Jean-Noel Thorel (20.950.000), Faraz Jaka (17.100.000), Jesse Lonis (16.800.000) y Alex Theologis (15.800.000). Los 202 jugadores restantes luchan por el impresionante premio de $10.000.000 para el primer puesto y el codiciado brazalete.
Key Takeaways: J.P. Morgan Asset Management has launched its first tokenized money market fund, MONY, on Ethereum. The fund gives qualified investors on-chain access to U.S. Treasury-backed yields via tokens. The move marks the largest GSIB bank to bring a money market fund onto a public blockchain. J.P. Morgan Asset Management has taken a major step into on-chain finance by launching its first tokenized money market fund on Ethereum. The product, called My OnChain Net Yield Fund (MONY), gives qualified investors direct blockchain-based exposure to traditional U.S. dollar yield products. Table of Contents J.P. Morgan Brings Money Market Funds to Public Blockchains How MONY Works and What It Offers Investors On-Chain Yield Meets Institutional Liquidity Ethereum as the Backbone of Tokenized Financial Products J.P. Morgan Brings Money Market Funds to Public Blockchains J.P. Morgan Asset Management announced the launch of MONY as a 506(c) private placement fund, making it available exclusively to qualified and accredited investors. The fund is deployed on the public Ethereum blockchain and is powered by Kinexys Digital Assets, J.P. Morgan’s multi-chain tokenization infrastructure. This launch makes J.P. Morgan the largest global systemically important bank (GSIB) to introduce a tokenized money market fund on a public blockchain. Until now, most tokenized funds from major banks have been limited to private or permissioned ledgers. Selecting Ethereum, J.P. Morgan indicates that it is increasing its trust in the public blockchain infrastructure as a financial product at an institutional level. MONY can be provided via Morgan Money®, which is the institutional liquidity trading and analytics platform of J.P. Morgan Asset Management. Through the platform, investors can subscribe to funds and get fund tokens directly deposited into their blockchain wallets, forming a smooth transition between the established financial systems and on-chain settlement. How MONY Works and What It Offers Investors MONY only invests in the U.S. Treasury securities and repurchase agreements fully secured by Treasuries. This design is similar to the conservative risk level of the traditional money market funds that most institutions use in liquidity management and capital-preservation. The difference between MONY is the ownership and settlement. The investors are presented with tokens that are based on blockchain technology to reflect their positions in the funds instead of conventional fund shares in centralized systems. These tokens enable: On-chain transparency into ownership Peer-to-peer transferability between eligible parties Potential use as collateral in future blockchain-based financial workflows The fund allows a daily reinvestment in dividends, and therefore, the yields will grow automatically. The Morgan Money platform enables investors to get in and out at their convenience via subscriptions and redemptions via either cash or stablecoins. On-Chain Yield Meets Institutional Liquidity This tokenization of a money market fund is tantamount to J.P. Morgan putting one of the most conservative financial products into a programmable environment. Although MONY is not structured to allow retail participation, it is structured to enable more rapid settlement, greater operational efficiency, and interoperability with other on-chain financial products in the future. The underlying assets and risk profile remain the same but the way the fund can interoperate with blockchain infrastructure is modified by the tokenization. This may ultimately lower collateral management, liquidity flow, and cross-platform integration of institutional investors. Ethereum as the Backbone of Tokenized Financial Products It is significant that MONY is deployed on Ethereum. Ether is still the leader of blockchains of tokenized real world assets, including stablecoins, tokenized treasuries, and institutional settlement pilots. The size of the Ethereum developer ecosystem, the well-developed tooling, and the long-standing security track record make it the solution of choice among banks that want to experiment with on-chain financial products. In the case of J.P. Morgan, wider interoperability is also possible with a public blockchain than with a private ledger, despite the lack of availability to the fund itself. The rationale behind this launch is in line with a larger trend of traditional asset managers exploring public blockchains not as speculative environments, but as financial infrastructural layers.
BlockBeats News, December 16th, Morgan Stanley published an analysis stating that as the interest rate cut expectations continue and the US Dollar Index weakens, gold is expected to continue to receive macro-level support, with the potential to rise to $4800 per ounce by the fourth quarter of 2026. "We believe that due to central banks stepping up their gold purchases, global growth concerns, and stablecoin companies increasing their gold purchases, gold faces upside risks." The investment demand for silver is likely to remain dominant, and with low inventory levels, there is a possibility of a physical squeeze. (Oriental Wealth)
🚨 Event Review Recently, the ETH market experienced a wave of intense volatility. Within just a few minutes, the price of ETH plummeted from around $3,126 to $3,045, then continued to slide to near $2,991, triggering a chain liquidation effect. Several high-leverage traders, such as "Maji Dage" and "Huang Licheng," suffered partial forced liquidations in their 25x leveraged positions, with their holdings shrinking rapidly and incurring significant losses. This series of events caused a sudden surge in risk aversion in the market, with automated stop-losses and algorithmic trading further intensifying selling pressure. ⏰ Timeline 22:45 (UTC+8) – Within just 12 minutes, the price of ETH dropped from around $3,126 to $3,045, with high-leverage positions starting to hit liquidation lines and the chain liquidation effect beginning to emerge. 22:47 (UTC+8) – The market continued to decline, with ETH approaching the key support level of $3,100 and automated stop-loss mechanisms being triggered one after another. 23:11 (UTC+8) – The 25x leveraged ETH long positions of traders such as "Huang Licheng" suffered partial liquidation, with cumulative losses of about $315,700 and a significant reduction in position size. 23:18 (UTC+8) – ETH price broke below the $3,000 mark, signaling the loss of a key support level and further deteriorating market sentiment. 23:24 (UTC+8) – According to data, ETH was quoted at around $2,991, with the overall downward trend becoming more pronounced and the market entering a state of extreme turbulence. 23:25 (UTC+8) – The latest market data showed ETH quoted at around $2,992.53, entering a brief consolidation phase. 🔍 Cause Analysis This ETH crash can be attributed to the dual effect of internal leverage structure risk and external macroeconomic uncertainty: High Leverage Effect The widespread use of 25x leverage on long positions means that even minor price fluctuations can trigger forced liquidations. The chain reaction of liquidations led to a surge in sell orders and rapid capital outflows, intensifying market panic. Macroeconomic and Policy Factors Recent Federal Reserve interest rate cuts and frequent global policy and regulatory changes have shaken investor confidence in risk assets. Uncertainty in policy signals and economic indicators has prompted institutional funds to seek safety, further weakening the willingness to hold high-risk assets such as ETH. Technical Triggers and Algorithmic Trading The loss of key technical support levels, combined with a large number of stop-loss orders and algorithmic trading system sell-offs, jointly pushed prices rapidly lower. 📊 Technical Analysis Based on Binance USDT perpetual contract ETH/USDT 45-minute candlestick data, current technical indicators show clear bearish signals: Moving Average Indicators EMA10 crossed below EMA20, forming a death cross; EMA20 crossed below EMA50, further confirming a medium-term bearish signal; The overall price is below the EMA5, EMA10, EMA20, EMA50, and EMA120 moving averages, with the moving averages arranged in a bearish pattern. Momentum Indicators MACD has crossed below the zero line, with the histogram continuously decreasing, indicating strengthening bearish momentum; RSI is in the oversold region, suggesting a possible short-term rebound, but the overall downward trend remains dominant; The J value is in an extremely oversold state, which may indicate a rebound opportunity, but panic selling may still persist in the short term. Volume Indicators Trading volume surged by 547.34%, but prices continued to fall, indicating panic selling and seller dominance; OBV broke below previous lows, further confirming strong selling pressure. This series of technical data collectively reflects that market sentiment is extremely fragile, and the bearish trend will be difficult to reverse in the short term. 🔭 Market Outlook From the current technical and market sentiment perspective, although ETH may see a slight rebound in the oversold region in the short term, overall risk remains high: Chain Liquidation Risk Remains The liquidation effect triggered by high-leverage positions may intensify again. If another downward wave occurs, it could lead to further declines. Macroeconomic Uncertainty Fluctuations in domestic and international economic policies and changes in regulatory direction will continue to affect market sentiment. Investors should closely monitor policy signals and economic data. Technical Support Test The current key support level is near $3,000. If this is breached further, the market could see a larger decline; conversely, if support is found during the transition period, a range-bound consolidation may gradually develop. Overall, the current ETH market is under the dual pressure of intense volatility and extremely high trading volume, with market sentiment leaning pessimistic. Against this backdrop, investors should focus on risk control, remain cautious, and avoid blindly chasing rallies or taking excessive positions. Future trends will depend more on changes in macro policies and market liquidity. Maintaining stable positions and timely adjustments is the best strategy.
Delivery scenarios