Crypto Industry News & Market Trends

Dan Ives Explains Why 2027 Could Be Tesla's Golden Year with Robotaxis and Optimus

Dan Ives of Yorkville Ives & Co. explains why robotaxis and Optimus could make 2027 Teslas golden year. His case rests on businesses that have yet to prove themselves.　　Tesla (TSLA) beat third-quarter delivery estimates with 486,532 vehicles, yet the Model 3 and Model Y made up 98% of them. Ives says the shares now trade on what comes next.　　Sponsored　　Sponsored　　What Would Make 2027 Teslas Golden Year？　　Ives told CNBC that demand is stabilizing, helped by a rebound in Europe after several years of declines. However, he does not expect the Cybertruck, which sits at the high end of the market, to move demand much.　　His timeline starts with robotaxis, driverless ride-hailing cars, reaching more cities in early to mid 2027. Regulation has slowed that rollout so far, he said.　　Optimus, Tesla‘s humanoid robot, would follow in the second half of 2027. Ives links both to Tesla’s shift from an electric vehicle maker to an artificial intelligence (AI) company.　　“And thats why 2027 I think could be a golden year for Tesla.”　　Dan Ives, partner and senior managing director at Yorkville Ives & Co., via CNBC　　Sponsored　　Sponsored　　Ives also puts Tesla and SpaceX merger odds above 80% by the end of 2027.　　Does Teslas Price Already Assume the AI Payoff？　　In

3 days agoIndustry

Gary Marcus Likens AI Agents to Cars With Cardboard Brakes as FTC Probe Opens

Gary Marcus, a New York University professor emeritus, says AI agents need a recall because developers cannot reliably control them. The Federal Trade Commission (FTC) is now probing OpenAI and Anthropic.　　Marcus spoke to Bloombergs The Close after six AI firms signed a voluntary White House pledge on Sept. 29. He argues the pledge changes little, because those companies already owed users safe products.　　Sponsored　　Sponsored　　Why Gary Marcus Says a Voluntary Pledge Falls Short　　The White House Accord on Super Intelligence asks companies to maintain internal controls and work with outside auditors. Google, Anthropic, Meta, OpenAI, xAI, and Nvidia signed it.　　However, the accord carries no penalties and requires no public disclosure of audit results.　　Meanwhile, regulators are not waiting. The FTC has opened a probe of OpenAI, Anthropic, and other AI developers. The probe follows OpenAI agents accessing systems at AI model-sharing platform Hugging Face without authorization.　　A May safety test at Google also ended with Gemini accessing three companies, the company has confirmed.　　Marcus likens the flaw to a defective product.　　Sponsored　　Sponsored　　“Its like if Ford Motor Company decided to save money by making brakes out of cardboard, then a lot of their cars would go out of control.”　　Gary Marcus, co-founder of Robust AI, speaking to Bloomberg　　Google CEO

3 days agoIndustry

Egan-Jones Maps Where AI Disruption Hits First: Services, Venture Capital, Housing

Egan-Jones, a US credit rating firm, says AI disruption will hit professional services, venture capital and housing first. It regards a broad economic overhaul as virtually assured.　　The firm‘s Oct. 1 report, titled “It’s Over,” targets institutional investors and risk managers. Egan-Jones notes that credit analysts did not write it.　　Sponsored　　Sponsored　　Where Does Egan-Jones Expect AI Disruption to Land First？　　Professional services top the list because those firms bill clients for expertise by the hour.　　As evidence, the report cites Big Four accounting network KPMG pressing its auditor, Grant Thornton UK, to share AI savings. UK filings show the audit fee fell 14%, from $416,000 to $357,000, the Financial Times reported.　　It also points to IBM, whose shares fell 13% on Feb. 23, the steepest drop since 2000, according to Bloomberg. Anthropic had said Claude Code could speed up modernization of COBOL, a decades-old language used on banking mainframes.　　Not every analyst saw lasting damage. Evercore ISI kept an Outperform rating on IBM after the drop. It noted IBM already sells its own modernization tools, per Investing.com.　　Venture capital follows, in Egan-Joness telling. The firm reasons that startups scaling on less capital leave venture firms with less leverage and lower returns.　　Sponsored　　Sponsored　　It suspects few limited partners (LPs), the investors

3 days agoIndustry

Why XRP Appeals to Institutional Investors, Bitwise CIO Explains

XRP‘s long history and familiar financial applications help explain its appeal to institutional investors, according to Bitwise’s investment chief. His comments frame advisor interest around confidence in the assets longevity and connections to established financial functions.　　Key TakeawaysHougan calls XRP one of the established major cryptocurrencies.The Bitwise CIO says financial advisors recognize its connections to cross-currency transfers and liquidity.Confidence in XRPs longevity does not imply its price will rise.　　XRPs Staying Power Gives Advisors Confidence　　Financial advisors evaluating XRP find assurance in its long track record and recognizable financial applications, according to Matt Hougan, chief investment officer at crypto asset manager Bitwise. In a video Token Relations shared on X on Sept. 28 explaining XRP‘s institutional appeal, he outlined why the asset resonates with his firm’s audience. The Bitwise CIO stated: “XRP appeals for very simple reasons.”　　Hougan called XRP one of the “Mount Rushmore assets in crypto,” a reference to its standing among established major cryptocurrencies. He said:　　“A lot of financial advisors look at crypto and wonder, are these things for real？ Will they persist？ Will they be here into the future？ And XRP has this enormous track record and this enormous background that gives people confidence it will be there in the

3 days agoIndustry

Illinois backs delay to crypto tax rule after months of industry pushback

Illinois officials have joined crypto industry groups in seeking a six-month delay to the states controversial digital-asset tax.　　Related Company The Digital Chamber Washington, DC-based trade association　　The agreed motion, filed Oct. 1 in Sangamon County, asks a judge to postpone the levys Jan. 1 start until July 1, 2027, while a constitutional challenge brought by The Digital Chamber and the Illinois Blockchain Association proceeds.　　Revenue Director David Harris and Attorney General Kwame Raoul joined the request even as the state continues to dispute the industry groups claims against the law. If granted, the injunction would temporarily spare brokers from collecting the tax and defer corresponding liabilities for covered customers.　　The court had not been confirmed to have entered the order as of Oct. 4.　　The move marks a shift in the immediate battle over a levy that crypto firms have spent months warning could raise compliance costs and push activity outside Illinois. The law remains in force, and the joint filing does not concede that it is unconstitutional or seek its repeal.　　Instead, both sides would preserve their legal positions while delaying collection as the lawsuit and the states rulemaking process continue.　　Illinois crypto tax burden moves back six months　　Illinois enacted the Digital Asset Tax in

3 days agoIndustry

Do You Own Gold, Silver or Bitcoin？ Robert Kiyosaki Just Dropped a Hard Truth

Rich Dad Poor Dad author Robert Kiyosaki said that he calls himself a “financial prepper”, comparing scarce assets to the insurance drivers buy before an accident.　　His argument holds even as gold, silver, and Bitcoin trade well below the targets he has repeatedly promoted.　　Sponsored　　Sponsored　　What Being a “Financial Prepper” Means　　A financial prepper holds assets a central bank cannot create, treating them as protection against currency debasement rather than a wager on collapse.　　Kiyosaki built that definition during a public exchange. Asked whether prepping signaled pessimism, he answered that drivers never hope for crashes, yet they still carry coverage.　　He then asked a listener a direct question: did she own gold, silver, or Bitcoin？ She said no, arguing that officials would print more money during a crisis. Kiyosaki turned that answer into his point. Printing dilutes purchasing power, and that dilution is inflation.　　Governments reach the same wealth through a second route: taxation. His conclusion was blunt. Kiyosaki wants only money that no central bank can print. He also holds oil wells, since governments remain dependable buyers of crude.　　His warnings to investors come down to three points:　　Sponsored　　SponsoredTreat scarce assets as insurance against debasement, never as a promise of quick returns.Expect purchasing power to erode through printing

3 days agoIndustry

Russias Finance Ministry pays wages in digital rubles for first time

Russias Ministry of Finance said on Friday that some of its employees had received their wages in digital rubles for the first time.　　Being paid in the central banks digital currency is available for citizens of Russia on a voluntary basis, and began on Oct. 1, according to a Ministry of Finance press release.　　The ministry did not disclose how many employees were paid in digital currency or the total payroll amount.　　During federal budget spending trials in 2025, about 16 million digital rubles ($192,245) was disbursed, so the ministry has applied proven rails to its own salary procedure, it said.　　Work on the introduction of the digital ruble to the budget process is being carried out by the Bank of Russia together with the Ministry of Finance, according to the release.　　Related: Russia proposes exchange trading of Bitcoin, Ether and Tethers USDT　　Cointelegraph had reported on July 2 that Russia planned to launch the central bank digital currency on Sept. 1, when major banks and retail companies began enabling transactions with the new currency.　　The digital currency was to launch as a complement to Russias fiat currency, the ruble, and would initially be accepted by financial and credit institutions, Russian state media outlet RIA Novosti was

3 days agoIndustry

Zcash gets a Washington lobbyist to push crypto policy

A Zcash-focused advocacy group has filed to lobby in Washington, stepping up the privacy-oriented cryptocurrency ecosystems efforts to shape US policy on digital assets.　　Pretty Good Policy for Zcash (PGPZ) filed a lobbying registration effective on Oct. 1, naming executive director Divij Pandya as its sole lobbyist. The registration lists the Digital Asset Market Clarity Act and two digital asset tax proposals as among its current and anticipated lobbying issues.　　PGPZ was launched in June this year, growing out of Pretty Good Policy for Crypto, which was launched in 2022 by Electric Coin Co. The initiative hosted Washington policy roundtables and organized a congressional briefing on encryption technologies in 2023.　　PGPZ founder and chief policy and regulatory officer of ZODL, Paul Brigner, said the goal is to “make sure Zcash has serious, organized, and credible policy engagement in Washington.”　　“Policymakers are making decisions that will affect whether privacy-preserving digital cash can exist, be used lawfully, and serve the public interest. PGPZ is about ensuring Zcash is understood, represented, and defended in those conversations,” he said.　　In August, the Zcash Community Grants approved a $750,000 grant to fund PGPZs first year of work.　　Related: Zcash targets November of NU7 mainnet upgrade with 25-second blocks

3 days agoIndustry

Bitcoin Price Knocks on $87K as Uptober Bulls Smell $94K

Bitcoin‘s price is putting Uptober’s reputation back on trial. After closing September near $83,560, the leading crypto asset ripped as high as $86,771 Sunday, placing Fridays $87,177 peak squarely in the crosshairs.　　Key TakeawaysBitcoin‘s price hit $86,771 Sunday evening, putting Friday’s $87,177 high back within striking distance.Bitcoins price has risen in 10 of the past 13 Octobers, with a median gain of 12.7%.U.S. spot bitcoin exchange-traded funds (ETFs) opened October with $134.4 million in net inflows.　　Bitcoins Uptober Tailwinds Put $87K Wall Back in the Crosshairs　　Bitcoin‘s price entered October with one of its strongest seasonal tailwinds, and Sunday’s late-session action is finally giving Uptober something to work with. Market data shows bitcoin climbing from an intraday low near $85,552 to as high as $86,771 on Oct. 4, leaving the cryptocurrency around $86,536 at 7:30 p.m. EDT.　　That puts bitcoin‘s price within striking distance of last Friday’s $87,177 peak and turns the opening week of October into a remarkably tight contest between favorable seasonality and a resistance zone that sellers have defended repeatedly.　　Uptobers Math Points Toward $94,000　　Bitcoin wrapped up September near $83,560 after gaining roughly 6.33% over the previous 30 days. A 12% October advance from that closing mark would carry the cryptocurrency to

3 days agoIndustry

El Salvadors $666 million Bitcoin reserve survives IMF review

El Salvador secured access to $138 million from the IMF while recommitting to limits on further state Bitcoin accumulation.　　Related Asset Bitcoin #1 BTC · $86,483.96 24-hour change: up 2.02% Loading price history… 24H Up 2.02% 7D Up 2.33% 30D Up 8.55%　　The International Monetary Fund (IMF) completed the second and third reviews of the countrys $1.4 billion loan program on Oct. 1, allowing an immediate disbursement equivalent to SDR 101.96 million, or $138 million. The board also granted waivers for unmet performance criteria tied to Bitcoin accumulation after authorities took corrective measures and renewed their commitments.　　Those waivers keep financing flowing despite earlier breaches, while leaving the programs direction on Bitcoin unchanged. The IMF said no further accumulation is envisaged beyond documented donations, preserving a constraint that prevents the government from resuming publicly funded purchases under the program.　　El Salvador currently holds about 7,794.37 Bitcoin valued at roughly $666.1 million. The size of that reserve has continued to draw attention because additions to government-linked wallets appear inconsistent with the IMF agreement.　　The Fund has previously distinguished between Bitcoin acquired with public money and coins received through documented donations. That distinction remains central after the latest review: reserve balances can still rise without signaling that

3 days agoIndustry

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