AI firms are shredding physical books because copyright law is quietly rewarding them

ISBNdb is marketing physical-book orders of up to one million titles to AI developers, including material it describes as non-digitized, rare, or out of print.  The offer, reported by 404 Media, puts a 2025 copyright ruling in an uncomfortable new light: discarding a purchased book can support the legal premise that its internal scan replaced the original while keeping the librarys copy count unchanged.  ISBNdbs current service and Anthropics historical scanning program follow separate source chains. Physical disposal is the shared incentive created when books become scalable training data.  The one-copy incentive  In February 2024, Anthropic hired Tom Turvey, the former head of partnerships for Googles book-scanning project, to develop a lawful route to a much larger research library.  The company later spent many millions of dollars buying millions of print books. Service providers removed the bindings, cut the pages to size, scanned them, and discarded the paper originals, according to the federal court record.  The Washington Post later reported on the project using material that had become public. The operation predates ISBNdbs current marketing and stands on its own documented procurement chain.  The June 23, 2025 order reached two distinct fair-use conclusions. It held that Anthropics use of copies to train specific large language models was

07-29انڈسٹری

XRP Price Slides as Senate Drops Clarity Act and Fed Decision Looms

In briefXRP is trading at $1.06, off nearly 8% over the past week.The movement happens as the U.S. Senate shelved the Clarity Act before its August recess and global markets braced for the Feds July 29 rate decision.XRPs technicals are almost uniformly bearish: a confirmed death cross, RSI at 40.9, negative Squeeze momentum, and a composite score of -63%—the only technical lifeline is that it is deeply oversold.  The global macro backdrop is as unfavorable as its been all year for crypto markets.  New Federal Reserve Chair Kevin Warsh, in only his second FOMC meeting, is widely expected to hold rates at 3.50%–3.75%, but CME FedWatch put hike odds near 38% as recently as last weekend—the highest of this cycle. Even a hawkish hold can rattle risk assets. Bitcoin is parked near $63,400–$64,000, well below its June highs around $80,000, and altcoins are taking the brunt.  XRP, the cryptocurrency developed by the founders of payments company Ripple, had a moment of optimism this month that now feels like a distant memory. As Decrypt reported on July 21, the coin cautiously jumped 3.25% to $1.1485 when reports broke that President Donald Trump had agreed to the Clarity Acts long-stalled ethics provision, briefly nudging Senate

07-29انڈسٹری

Zcash Activates Ironwood Upgrade After Counterfeiting Scare

In briefZcash has activated the Ironwood network upgrade, replacing the Orchard shielded pool with a new private pool.The upgrade prevents any potentially counterfeit coins from leaving the retired pool while preserving transaction privacy.Ironwood also introduces quantum-resistant transaction records and formally verified cryptography designed to reduce future security risks.  Weeks after a critical vulnerability sparked a market rout and raised questions about Zcashs supply, the privacy-focused cryptocurrency has activated Ironwood, an upgrade designed to ensure any counterfeit coins can never enter circulation.  The Ironwood upgrade retires the Orchard shielded pool, which holds roughly 3.7 million ZEC worth about $1.7 billion, and begins migrating users into a new shielded pool. The upgrade also introduces new accounting rules for Zcashs circulating supply while preserving the networks privacy guarantees.  The road to Ironwood began in May, when security researcher Taylor Hornby, using Claude Opus 4.8, discovered a four-year-old flaw in Orchard that could have allowed an attacker to create counterfeit ZEC. Developers issued an emergency patch in June, but because shielded transactions intentionally hide their details, there was no way to prove whether the vulnerability had ever been exploited.  The uncertainty sparked a sharp selloff, with Zcash falling 38% as investors questioned whether the cryptocurrencys supply could be

07-29انڈسٹری

Ethereum L2 ecosystem loses momentum as TVL drops to two-year low

Quick TakeOptimistic rollups like Optimism, Base, and Arbitrum have continued to dominate most in terms of TVL.The following is an excerpt from The Blocks Data and Insights newsletter.  Total value locked in Ethereum Layer 2 networks has slid back to roughly $5 billion, a level last seen in 2023. This undoes most of the buildup from 2024, when mindshare was focused on the successful launches of L2s like Optimism, Arbitrum, and ZKsync.  Optimistic rollups such as Optimism, Base, and Arbitrum continue to dominate TVL, accounting for $4.8 billion, or 96% of the total.  The retreat in TVL has lined up with a rough stretch for Ethereum, too. The Ethereum Foundation has lost several senior leaders since the start of the year, including co-executive directors and broader foundation layoffs.  Meanwhile, traditional finance, which was expected to validate Ethereums institutional thesis, has increasingly embraced alternatives alongside Ethereum. Examples include DTCC, which is tokenizing Treasuries against a $100 trillion custody base and JPMorgan, which has brought JPM Coin onchain across multiple public blockchains.  Stablecoins remain the exception. USDC and USDT still settle predominantly on Ethereum and its L2s. This stablecoin base has kept Ethereum central to cryptos TradFi bridge so far, but its a fine line to hang

07-29انڈسٹری

Apples App Store promoted fake Bitcoin wallet that stole $1.8M after developer spent a year warning them

Apple‘s tightly controlled App Store is facing renewed scrutiny after three Bitcoin holders alleged they lost $1.8 million to a fake crypto wallet, adding to a growing list of malicious wallet apps that have reached users despite the company’s screening process.  The lawsuit, filed July 24 in California, accuses Apple of failing to adequately review and remove applications impersonating Sparrow Wallet while promoting the App Store as a safe and trusted source for software.  The case follows warnings dating back more than two years about fake Sparrow apps and comes months after researchers identified 26 applications impersonating major crypto brands across Apples ecosystem.  Together, the incidents are putting pressure on one of Apples longstanding arguments for maintaining tight control over software distribution: that screening applications before they reach users provides greater protection against fraud and malicious software.  Sparrow developer warned Apple more than a year before losses  Apples exposure in the case rests less on the initial appearance of a fraudulent app than on what the company allegedly knew before later victims were hit.  Sparrow founder Craig Raw had been flagging unauthorized mobile versions of his wallet since early 2024. Sparrow is a desktop-only product, so an iPhone app bearing its name should not have required

07-29انڈسٹری

Morgan Stanley debuts ether, solana exchange-traded products after bitcoin fund success

“Digital assets are becoming an increasingly important component of diversified investment portfolios,” Amy Oldenburg, head of digital asset strategy at Morgan Stanley, said in a press release. “As client interest in digital assets continues to grow, were focused on providing a range of digital asset solutions that allow investors to diversify their portfolios across traditional and decentralized asset classes while also adhering to Morgan Stanleys standards for governance, infrastructure and risk management.”  Both products charge a 0.14% expense ratio — the lowest on the market — and plan to stake a portion of their ether or SOL holdings, with any staking rewards passed through to investors rather than kept by Morgan Stanley.  The products build on the Morgan Stanley Bitcoin Trust (MSBT), which debuted earlier this year and had gathered more than $381 million in assets under management through July 16. The bitcoin fund tracks the CoinDesk Bitcoin Benchmark Rate.  BlackRock, which owns the largest spot bitcoin ETF on the market, recently brought its first crypto income ETF to the market, as clients are increasingly looking for steady income from their long-term bitcoin investments.  Morgan Stanley also enters the market with a built-in distribution advantage. Its wealth management business includes roughly 16,000 financial advisors

07-29انڈسٹری

Wall Street veteran Don Wilson says regulators are getting perps all wrong

Perpetual futures have become one of cryptos defining financial products, but DRW CEO Don Wilson says much of what people think they know about them is wrong.  In a series of posts on X, Wilson argued that perpetual futures — or “perps” — are simply futures contracts without an expiration date. The features often associated with crypto perpetuals, such as high leverage, auto-deleveraging (ADL) and around-the-clock trading, are characteristics of how some crypto exchanges chose to implement the products, not the contracts themselves.  “Most of what people think they know about perps ... has nothing to do with the contract itself,” Wilson wrote.  His comments come as interest in bringing perpetual futures into regulated U.S. markets continues to grow. Several exchanges and market participants have explored launching perpetual futures beyond crypto, though questions remain over how the products should be regulated and whether they fit within existing futures or swaps frameworks. Kalshi, which saw perps trading explode shortly after launching, recently submitted a proposal with regulators to expand its offerings to precious metals.  Unlike traditional futures markets, crypto exchanges like Hyperliquid operate continuously, use digital collateral and can calculate margin requirements in real time. Those technological differences allowed exchanges to offer products with higher

07-29انڈسٹری

Zcash activates Ironwood upgrade, launching new shielded pool after Orchard vulnerability

Quick TakeZcash activated its Ironwood network upgrade, introducing a new formally verified shielded pool that reuses a patch zero-knowledge circuit while restricting the old Orchard pool to withdrawals only.Ironwood represents something of a unified effort across Zcash‘s developer ecosystem after Shielded Labs found a bug in Orchard, which tanked ZEC’s price by over 50% after it was disclosed.  Zcashs Ironwood upgrade went live on Tuesday, introducing a new shielded pool for the privacy blockchain following concerns about the soundness of its earlier Orchard pool.  Ironwood, which is also the name of the new pool, activated on schedule at block height 3,428,143 as part of the NU6.3 network upgrade.  Orchard, meanwhile, will now be restricted to only support withdrawals, though removing funds will remain discretionary. Orchard was previously Zcash‘s primary privacy pool, accounting for nearly 88% of the blockchain’s shielded token supply at its height, with older shield pools Sapling and Sprout making up the rest, according to The Blocks data.  According to a migration tracker, some 40,207 ZEC have migrated into Ironwood, while about 3.6 million tokens remain in Orchard.  ZEC, which tanked over 50% after the Orchard bug was disclosed, dropped about 9% on Tuesday to $460 before recovering to about $475, according to

07-29انڈسٹری

Inside the brutal 2-minute flash crash sending a $400M South Korean market plunging on Hyperliquid

A two-minute price shock in a Hyperliquid market tied to South Koreas SK Hynix has put the mechanics and oversight of equity-linked perpetuals under scrutiny.  SKHX, a TradeXYZ-operated perpetual on Hyperliquid that tracks the US dollar value of one Korean SK Hynix share, briefly sank to $927 during South Koreas pre-market window before recovering within roughly two minutes, according to local media.  A later DefiLlama snapshot put open interest at $407 million, down 20% over 24 hours, while 24-hour trading volume reached $959 million. Open interest measures the rolling value of outstanding positions, incorporating changes in both position size and price.  The underlying market was already under severe pressure. South Korea‘s KOSPI closed 10.84% lower after a 20-minute marketwide circuit breaker, while SK Hynix’s Korean shares finished down 14.65% at 1.55 million won, Yonhap reported.  TradeXYZ‘s contract specification defines SKHX as the dollar value of one SK Hynix common share, calculated by converting the Korean share price at the prevailing USD/KRW rate. TradeXYZ documents an external-pricing window from 8:00 a.m. to 8:50 a.m. Korean time. SKHX is separate from the company’s US-listed depositary receipt and from tokenized shares.  From price input to liquidation  Hyperliquid‘s HIP-3 specification gives a market deployer control over its oracle definition, oracle

07-29انڈسٹری

Clear Creek reveals $15M Bitcoin, crypto ETF portfolio

Clear Creek Financial Management disclosed about $15.1 million across Bitcoin, Ethereum, XRP, and Solana exchange-traded funds in its latest US regulatory filing.  SummaryBitcoin ETFs accounted for about $10.4 million, led by Bitwises BITB fund.Clear Creek reported nearly $4.3 million across three Ethereum ETFs.XRP and Solana products expanded the firms disclosed crypto allocation beyond BTC and ETH.The filing provides a quarter-end snapshot, meaning Clear Creek may have changed its positions since then.  Clear Creeks Bitcoin ETF holdings top $10 million  Clear Creeks largest disclosed crypto position was the Bitwise Bitcoin ETF (BITB). The investment adviser reported owning 304,155 shares valued at about $9.69 million at the end of the reporting period.  The firm also held approximately $477,412 in BlackRocks iShares Bitcoin Trust ETF and $248,539 in the Grayscale Bitcoin Trust ETF. Together, its three Bitcoin ETF positions were worth roughly $10.4 million.  BITB accounted for close to 93% of the firms disclosed Bitcoin ETF allocation. Clear Creek manages more than $1.5 billion in assets, placing the crypto positions at a relatively small share of its wider portfolio.  Form 13F requires institutional investment managers overseeing at least $100 million in qualifying US securities to disclose certain long positions every quarter. However, the reports are backward-looking and do not

07-29انڈسٹری
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