Crypto Industry News & Market Trends

Trump Leaves AI Safety to Tech Giants: Inside the New AI Accord

President Donald Trump and six tech leaders signed a voluntary AI accord on Tuesday, asking companies to police their own AI systems as Trump rejects calls for federal guardrails.　　Trump posted the one-page document on Truth Social. Data center opposition is growing, and AI agents, software that acts on a users behalf, have gone rogue in several high-profile incidents.　　Sponsored　　Sponsored　　What the AI accord asks tech companies to do　　The accord stacks four layers of oversight, Reuters reported. Companies would first build internal controls to watch how models behave from training through release, with hacking, biological, and chemical risks singled out. An internal team would verify that those controls function properly.　　Beyond that, each company would partner with an outside auditor for independent testing. An independent board committee would review findings from both auditors and the control teams.　　AP reported that Trump signed alongside Anthropic‘s Dario Amodei, Google’s Sundar Pichai, Meta‘s Mark Zuckerberg, OpenAI President Greg Brockman, Nvidia’s Jensen Huang, and xAI founder Elon Musk.　　All the signatories to the AI accord. Image Source: Truth Social　　“The participating companies will meet regularly to establish standards and best practices to improve the safety of their systems.”　　White House accord, via Reuters　　Sponsored　　Sponsored　　Why the AI accord may carry limited weight　　However, the pledge

09-30Industry

SKY crypto price prediction: Can SKY hold its breakout above $0.084？

SKY extended its September recovery on Tuesday, gaining 8.39%to trade near the $0.0854 price level at the time of this writing. It briefly touched $0.0875, which is its highest price in many months.　　The move took SKY beyond two important barriers. But after the climb it saw, holding those new levels it just reached is more important than reaching another short-lived high.　　SKY clears another price ceiling　　SKY started trading near the $0.0787price level before buyers pushed it above $0.084. Since it broke beyond the 0.078 price level, that level has been its obstacle.　　There was also an increase in trading activity during the move. Around 14.18 million SKYwas traded, meaning the advance saw a lot of participation and did not rely on a few trades.　　The current rally continued a recovery that started around the $0.056price level earlier this month. Since then, SKY has seen more than 50%in gains and is trading above its average prices from recent weeks and months.　　Source: TradingView　　For buyers, keeping it above $0.084is the challenge. But if they are able to do so, $0.09becomes the next target. If it sees a stronger advance, the $0.10level could come into view.　　SKY has climbed quickly, and this has allowed some holders to take

09-30Industry

OpenAI valuation could hit $1.4T in new funding round: Report

ChatGPT developer OpenAI is reportedly eyeing another $30 billion raise that could value it at $1.4 trillion, making it one of the worlds most valuable companies even before it goes public.　　Citing people familiar with the matter, Bloomberg reported Tuesday that OpenAI is in the early stages of discussions for the new funding round, with investor demand driving the talks.　　The proposed valuation would be roughly 64% higher than OpenAIs $852 billion valuation in March, when it raised $122 billion.　　The fundraising discussions come as OpenAI pushes its long-awaited public debut into 2027 at the earliest. CEO Sam Altman said earlier this month that going public in 2026 would be “ill-advised” as the company focuses on AI safety. OpenAI confidentially filed paperwork for an initial public offering with the US Securities and Exchange Commission in June.　　On the topic of safety, Altman spoke before the United Nations Security Council earlier this month about the potential risks posed by increasingly powerful AI systems.　　Meanwhile, rival Anthropic, the developer behind Claude, is moving ahead with plans to go public this year in an IPO that could value the company at more than $2 trillion.

09-30Industry

Greece gets first MiCA entrants as watchdog denies Binance-Lagarde claim

Greece has entered the European Unions crypto regulatory register for the first time, with four providers added.　　Four Greek providers — BCash, Xenios Blockchain Group, Capital Wallet Greece and Piraeus Bank — appeared on the European Securities and Markets Authoritys (ESMA) Markets in Crypto-Assets (MiCA) register updated Thursday.　　Six other crypto-asset service providers from Germany, France and Slovenia were added, bringing the register to 359 unique providers.　　The distinction of becoming Greece‘s first MiCA-authorized provider could instead have gone to Binance, the world’s largest crypto exchange by trading volume. A Greek authorization would have allowed Binance to offer services throughout the EU under MiCAs passporting system, but the exchange withdrew its application on June 24 before the Hellenic Capital Market Commission (HCMC) issued a formal decision.　　Nearly three months later, the Wall Street Journal reported that European Central Bank (ECB) President Christine Lagarde had intervened to block the application. The Journal said HCMC denied that its officials made the comments attributed to them but did not elaborate. The regulator has now expanded on that denial in comments to Cointelegraph.　　Greece splits MiCA oversight　　Greeces first MiCA entries show how the country divides crypto oversight between the HCMC and its central bank.　　The HCMC is listed as the

09-30Industry

Bitcoin gives back gains as long-term holder supply keeps $85K out of reach

Bitcoin (BTC) reversed its latest gains after Tuesdays Wall Street open as US bond yields continued to set multidecade highs.　　Key points:Bitcoin abandoned a low-time frame rebound after reaching $84,450, dipping back below $83,000.US bond yields set new multidecade highs on Tuesday as gold sought to recover from a 3.6% drop to $4,115 per ounce.Ask liquidity continued to cement itself above the spot price around $85,000 on exchange order books.　　Bitcoin rejects near $85,000 as bond-yield rally continues　　Data from TradingView showed a local rally to $84,540 stalling as the US trading session began, with BTC/USD retreating below its daily opening level near $83,600.BTC/USD one-hour chart. Source: Cointelegraph/TradingView　　US bond markets showed no sign of cooling on the day, with the 30-year yield reaching new 24-year highs above 5.60% and the 10-year yield hitting 5.26%, on the cusp of passing its June 2007 high to levels last seen in April 2002.US 10-year bond yield one-month chart. Source: Cointelegraph/TradingView　　Geopolitical uncertainty surrounding the US-Iran war, high oil prices and persistent inflation kept investors cautious, while surging bond yields also sent precious metals lower. Gold fell 3.6% on Monday to $4,115 per ounce before rebounding to $4,166 at the time of writing.　　Market commentator The Kobeissi Letter described

09-30Industry

Trump accord calls for tech firms to ‘self police’ their own frontier AI

US President Donald Trump and tech executives have signed a voluntary accord aimed at ensuring their AI models “behave as intended.”　　The accord comes amid growing concerns over the safety of increasingly capable frontier AI systems. Trump has resisted a slowdown, citing competition with China. The agreement places much of the responsibility of managing AI risk on the companies developing the systems.　　The White House accord, named “Joint Commitment on Frontier Responsibilities,” calls for internal controls, independent external audits and board-level oversight “to ensure its models do not hack or access technical systems in unintended ways.” The accord also leaves open the possibility of turning those commitments into law or regulation, saying it may make sense to do so over time.　　Source: Rapid Response 47　　“I think Im seeing tremendous self-policing. And they understand that they have to self-police,” Trump told reporters at the White House.　　The accord was signed at the White House by Google CEO Sundar Pichai, Anthropic CEO Dario Amodei, Meta CEO Mark Zuckerberg, OpenAI President Greg Brockman, Nvidia CEO Jensen Huang and xAI CEO Elon Musk.　　The meeting addressed AI safety, the industrys growth and data center development, while Trump ruled out a US-China joint venture to develop AI.　　It also came on

09-30Industry

Gold rebounds from eight-week low as traders weigh Fed rate path

Gold price (XAU/USD) rebounds from an eight-week low to near $4,180 during the early Asian session on Wednesday. However, the potential upside for the precious metal might be limited as oil-driven inflation reinforced expectations of tighter monetary policy by the US Federal Reserve (Fed).　　Traders looked for clues on whether the US central bank will continue raising the interest rate to rein in inflation. Meanwhile, a stronger US Dollar (USD), higher US Treasury yields, rising energy prices, and inflationary concerns boosted the case for a rate hike.　　The US 30-Year Treasury Yield surpassed 5.61% on Tuesday to touch a level last seen in 2002. The two-year yield, more sensitive than longer maturities to changes in the Fed outlook, declined as much as five basis points (bps) before settling around 4.88%.　　Higher energy prices can fuel inflation by raising costs across the economy. Gold is widely viewed as a hedge against inflation, but a high interest rate environment increases the opportunity cost of holding the non-yielding metal.　　“The heightened expectations for more Fed rate hikes are keeping the dollar up, yields remain elevated. I think the upside might be somewhat limited today and markets going to stay focused on ‌the PCE inflation data tomorrow and

09-30Industry

The Canadian Dollar round-trips as Fed officials differ on hike timing

Tuesday‘s two Canadian catalysts, a flat July for the economy and a later start to Bank of Canada (BoC) bond buying, didn’t move USD/CAD. The pair went above 1.4200 for the first time since early July and fell back twice. The second drop began when New York Fed President Williams, a permanent voter on rates, said there‘s no rush to hike again. The BoC’s news came from a conference stage in Manhattan, and the Fed speech that moved the Loonie was given in Buffalo, a short drive from Ontario.　　No urgency still means one more hike this year　　US job openings fell to 7.079 million in August against a 7.23 million forecast, and USD/CAD recovered the dip before Fed Governor Barr spoke. The pair made its second run at the session high after Governor Barr said in Detroit that high energy prices and artificial intelligence investment mean more hikes are likely needed. President Williams said one more hike may be appropriate late this year and that the September 16 move to 3.75%-4.00% gives the Fed time to wait for data.　　Fed funds futures still price about a 70% chance of an October hike, which leaves most of the case for a higher USD/CAD

09-30Industry

Hyperscale Data Holds $56M In Bitcoin And Cash

Hyperscale Data (NYSE American: GPUS), an artificial intelligence data center company anchored by Bitcoin, said Monday that it held 219.0652 Bitcoin worth about $18.5 million and roughly $37.5 million in cash and restricted cash as of September 27, according to a company announcement. The combined position of about $56 million represented approximately 153% of the market capitalization of its common stock as of September 28.　　A balance sheet worth more than the stock　　The disclosure means the Las Vegas-based company‘s Bitcoin and cash holdings exceed what the equity market values the entire business at. Hyperscale Data priced the Bitcoin using a closing price of $84,458 per coin on September 27. Milton “Todd” Ault III, the company’s executive chairman, framed the position as proof the firm can keep executing while its flagship data center comes online. “We strongly believe that the $56 million of Bitcoin, cash and restricted cash puts the Company in a strong financial position to continue delivering on our commitments to our customer and bringing the initial phase online,” he said. Ault added that the Michigan AI data center remains the companys priority as it approaches free cash flow generation.　　From mining rigs to AI infrastructure　　The treasury update lands as Hyperscale

09-30Industry

Crypto News: LASD Ex-Officer Sentenced After Aiding Crypto Businessmans Scheme

Key Insights:In today‘s crypto news, a man admitted to misusing police databases for Adam Iza’s interests.The former deputy failed to report more than $373,000 in income.Multiple former LASD deputies faced sentences linked to the case.　　Crypto news today covered an incident where former Los Angeles County Sheriffs Department (LASD) deputy Eric Chase Saavedra received a 21-month federal prison sentence. Saavedra was sentenced after admitting that he abused his law enforcement position while working with cryptocurrency businessman Adam Iza.　　United States District Judge Percy Anderson issued the sentence and ordered Saavedra to pay $90,984 in restitution. Saavedra, 42, of Chino, previously served as an LASD detective and a federal task-force officer.　　Saavedra pleaded guilty in February 2025 to conspiracy against rights and false subscription to a tax return. As part of his plea agreement, he agreed to forfeit items purchased during the alleged conspiracy.　　The forfeited property included 32 Louis Vuitton bags, 27 pairs of Gucci shoes, 5 Louis Vuitton wallets, and a money-counting machine. The case has sparked a heated debate in the crypto market as it is tied to a crypto entrepreneur and alleged financial crimes.　　Crypto Market Case Involved Private Security Operations　　Court documents identified Adam Iza as a self-described cryptocurrency businessman who hired

09-30Industry

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