US, China set mid-September AI safety talks as their tech worlds drift apart

The United States and China are expected to hold their first round of bilateral talks dedicated solely to AI safety sometime in mid-September, according to a Reuters report from sources who have been informed about the preparations of the negotiating parties. This is happening the two countries technology sectors are growing apart.  If the discussions move forward, they would open up a new official channel dedicated to AI between the two countries since Trumps second term started. The US delegation will most likely be headed by the Treasury Secretary Scott Bessent, as reported by Reuters. But the whole deal appears to be tentative, as the White House representative said that there is no AI-focused meeting planned for mid-September at this moment, while the agenda and guest list are still uncertain.  However, even if the meeting takes place, it is unlikely to lead to an agreement, as the US and Chinese are still locked in their ongoing rivalry over microchips, computational capabilities, frontier models, and technical standards.  Washington wants AI labs to police themselves on cyber threats  One of the US objectives is the cooperation in tracking AI-directed cyberattacks. The US has proposed requesting both American and Chinese laboratories to “police themselves” and share information

09-05انڈسٹری

XRP Expands College Sports Presence With Florida Partnership

Ripple is expanding XRP‘s presence in college sports through a new multi-year partnership with the University of Florida. The agreement will bring XRP branding to Florida football starting with the 2026 season. Notably, the cryptocurrency’s logo will appear prominently on the field at Ben Hill Griffin Stadium.  XRP Enters Gator Nation  Besides stadium branding, the partnership covers Florida Athletics‘ digital platforms and event signage. Consequently, XRP will gain visibility among one of college sports’ largest and most engaged audiences.  Additionally, Ripple will support financial and technology education for Florida student-athletes and the wider campus community. The initiative will cover traditional finance alongside emerging digital asset technologies.  Florida competes in the Southeastern Conference and supports 21 varsity sports. Moreover, the university represents more than 500 student-athletes across its athletic programs.  Ripple Builds Sports Strategy  Significantly, the Florida agreement strengthens Ripples growing strategy around collegiate athletics. Earlier this summer, the company partnered with Kansas, bringing XRP branding onto Jayhawks football jerseys.  However, Florida offers another major platform through one of college footballs most recognizable programs. The Gators have captured three national football championships, including titles in 1996, 2006, and 2008.  Related: Robinhood Chain Halts Blocks for 14 Minutes, Stalling Transactions

09-05انڈسٹری

Washington State Seeks $1.03M Fine, Ban for Crypto Kiosk Firm

Key TakeawaysWashington seeks to revoke Coinflips money transmitter license.The regulator alleges failures involving monitoring and refunds.Coinflip and its CEO may request a hearing to contest the charges.  Washington Regulator Seeks License Revocation  The Washington State Department of Financial Institutions (DFI) announced Sept. 3 that it had filed charges against GPD Holdings LLC, doing business as Coinflip, and CEO Benjamin Weiss. The enforcement action seeks penalties, refunds, and restrictions following alleged violations of Washingtons Uniform Money Services Act.  The agency stated:  “DFI seeks to revoke Coinflips license, prohibit the company and its responsible individual from the industry, and order the company and its responsible individual to pay a fine of $1,029,600.”  The charges followed a 2025 examination that allegedly identified deficient compliance and risk management practices. DFI said Coinflip‘s crypto kiosk business presented a heightened scam risk for seniors, who generated more than 50% of the company’s Washington business. Crypto ATM scams targeting vulnerable consumers have drawn increasing attention from authorities. DFI Director Charlie Clark stated: “State regulators examination work is critical, and DFI will take action to address problems when companies fail to meet compliance expectations.”  Discover more  Brokerages & Day Trading  Merchant Services & Payment Systems  News  DFI Details Alleged Compliance Failures  The 13-page statement of charges, issued Aug. 26,

09-05انڈسٹری

Robinhood defies AMC as fight tests issuer control over stock tokens

Robinhood has turned down AMC Entertainment‘s request to stop trading in blockchain-linked tokens related to the movie theater company’s stock. This has raised a larger issue: does a publicly traded company have any influence over a third partys tokenization of its stock?  The controversy between Robinhood and AMC on X matters to more than one company. It also applies to publicly traded companies whose shares may be tokenized without their knowledge, as well as investors buying products tracking shares without becoming shareholders.  By refusing to stop trading the tokens, Robinhood is pushing the limits of how much third-party tokenized shares can accomplish under current securities law. The controversy also raises concerns on ownership, control of the issuing company, fragmented liquidity, and regulatory oversight.  “Send your lawyers and well educate them”  Dan Gallagher, who is the head of legal, compliance, and corporate affairs at Robinhood, and a previous SEC commissioner, responded to AMC CEO Adam Aron. Gallagher mentioned on X that Robinhood knows “a little something about the U.S. securities laws and will not ‘DECIST,’” mocking Arons misspelling in his post. He added “send your lawyers and well educate them.”  CEO of Robinhood Vlad Tenev re-shared the message with a caption, “We stand behind Stock Tokens.”  Arons

09-05انڈسٹری

El Salvador added 1,540 Bitcoin, but the IMF says Bukele‘s government didn’t pay for them

The International Monetary Fund (IMF) says El Salvadors Bitcoin reserve growth over the past year came from private donations, not new government spending.  Related Asset Bitcoin #1 BTC · $79,680.08 24-hour change: down 1.89% 24H Down 1.89% 7D Up 2.62% 30D Up 23.43%  In its latest review of the countrys loan program, the global financial agency said documents supplied by El Salvador showed that Bitcoin accumulated since the previous review reflected private donations. It added that no public resources were used and said it expects no further accumulation beyond those documented contributions.  The Fund also reiterated that earlier changes in El Salvadors BTC position had not necessarily represented new buying.  In previous reviews, it said increases in the Strategic Bitcoin Reserve reflected transfers among government-controlled wallets, while small fluctuations elsewhere were linked to Bitcoin-denominated deposits held through Chivo.  The IMF also noted that the Salvadoran government had “substantially unwound” its stakes in the Chivo e-wallet. It explained:  “Majority ownership and operational control have been transferred to a private operator, while a minority stake and custodial responsibilities for customer assets have been retained by the government.”  El Salvadors Bitcoin push continues despite the IMF accounting  The IMF‘s assessment sits uneasily beside both the size of El Salvador’s growing reserve

09-05انڈسٹری

Analyzing Bitcoin‘s rally as Waller’s Fed stance makes rate call a 50-50 coin toss

Last week, Federal Reserve Chair Kevin Warshs hawkish speech at the Jackson Hole event led to a Bitcoin [BTC] price drop to $77k. The Fed was not yet done fighting inflation, and this news raised the odds of a rate hike to 57%.  On Thursday, the 3rd of September, Bitcoin rallied 5% in a day following Fed Governor Christopher Wallers comments. Speaking at a Reuters event, Waller indicated that he would be inclined to support keeping interest rates unchanged during the September meeting.  The same day also saw $730.8 million net flows into spot BTC ETFs, highlighting strong demand.  This Bitcoin price move led to an uptick across the crypto market. It also slashed the odds of a rate hike from 57% to closer to 50%, according to the CME FedWatch Tool.  Source: FedWatch Tool  It is now a coin toss whether interest rates remain unchanged or face a hike. Any event from now to the announcement that gives some certainty to an outcome will be likely to move markets to a greater extent.  The impact of the Feds decision on crypto  In 2026, the days around the FOMC rate decision have tended to be clear price pivot points. For example, the decisions in January, March, and

09-05انڈسٹری

UK Revolut Nears US Bank Launch as Bitcoin Services Could Follow

Key TakeawaysRevolut won conditional OCC approval for a U.S. bank charter in six months.A charter could cut reliance on partner banks and intensify U.S. fintech and crypto competition.Revolut targets H1 2027 launch, pending FDIC, Fed, and final OCC approvals.  Revolut Eyes US Stablecoins After Clearing Key OCC Hurdle  Revolut has moved a major step closer to becoming a full-service U.S. bank, potentially giving one of Europe‘s largest fintech companies a much stronger foothold in the world’s biggest financial market.  The U.K.-based company, which serves more than 80 million customers and could go public in the next two years, received conditional approval from the Office of the Comptroller of the Currency for Revolut Bank US.  The proposed bank, based in Stamford, Connecticut, is targeting a first-half 2027 launch. Revolut still needs approvals from the Federal Deposit Insurance Corporation, the Federal Reserve, and final OCC clearance.  Once approved, it plans to offer checking accounts, loans, credit cards, and foreign exchange. Stablecoins and broader crypto services are expected to follow.  Discover more  exchange-traded funds (ETFs  NEWS  Finance  “Conditional OCC approval is an important first step towards establishing the proposed Revolut Bank US. It gives us the foundation to bring the full Revolut experience to millions of Americans,” founder and CEO Nik Storonsky said.  Six-Month

09-05انڈسٹری

Robinhood Chain Halts Blocks for 14 Minutes, Stalling

Robinhood Chain halted block production for more than 14 minutes Friday, leaving transactions stalled on the Layer 2 network during U.S. trading hours.  The network stopped producing blocks at around 12:57 p.m. UTC, leaving token transfers and smart contract transactions stuck. Block production later resumed, although the network showed signs of further instability. Robinhood has not explained what caused the halt.  Robinhood Chain Faces Network Disruption  On-chain data showed a buildup of transactions at the block where production stopped. Users continued submitting transactions during the outage, but the network did not confirm them until block production resumed.  Block production eventually resumed, although explorer data showed periods of instability afterward. Robinhood has not disclosed what caused the halt or provided a detailed explanation of the disruption.  Related: AMC CEO Criticizes Robinhood Over Tokenized Stock Offering  The outage comes as tokenized stocks gain traction across blockchain networks. Data from RWA.xyz showed the number of tokenized-stock holders reached about 2.60 million in August, up sharply from roughly 1 million previously.  Robinhood Chain, BNB Chain and Solana accounted for about 95% of tokenized-stock holders, highlighting the growing activity around blockchain-based equities.  HOOD Shares Slide as Chain Recovers  Robinhood Markets shares opened at $120.48 Friday, down from Thursdays close of $124.72. The stock fell

09-05انڈسٹری

Coinbase adds six tokenized stocks after $228M debut

Coinbase has added six tokenized equities, including Amazon, Microsoft, and Tesla, to Base after its first batch generated $227.7 million in decentralized exchange volume within about 30 days.  SummarySix new equity tokens have joined Coinbases initial four-stock lineup on Base.Amazon, Microsoft, Strategy, SanDisk, SpaceX, and Tesla are included in the latest release.Token Terminal recorded $227.7 million in DEX volume for Coinbase-issued stock tokens over 30 days.U.S. persons remain unable to access the products under Coinbases current Regulation S offering.  Base said on Sept. 4 that Amazon (AMZNc), Microsoft (MSFTc), Strategy (MSTRc), SanDisk (SNDKc), SpaceX (SPCXc) and Tesla (TSLAc) are now available onchain, expanding Coinbases tokenized stock range weeks after the initial release.  The additions give eligible investors exposure to five publicly traded companies and privately held SpaceX through tokens that can move across supported applications on the Ethereum layer-2 network. Developers can also integrate the assets into trading, lending, and other financial products built for Base.  Coinbase tokenized stocks expand beyond the first four assets  Coinbase started its Base rollout on Aug. 24 with tokens tied to Apple, Alphabet, Meta, and Nvidia. As crypto.news previously reported on the launch, the products use Bases B20 standard and represent beneficial interests in shares held through regulated custody.  Adding

09-05انڈسٹری

Trump pushes Fed on rates after 162,000-job gain

U.S. President Donald Trump has renewed his demand for lower interest rates and threatened to halt trade with deficit countries after employers added 162,000 jobs in August.  US jobs growth has exceeded forecasts  The U.S. Bureau of Labor Statistics reported Friday that nonfarm payrolls increased by 162,000 in August, while the unemployment rate remained at 4.1%. Economists polled by Reuters had expected the economy to add about 56,000 jobs.  Augusts increase was also well above the average monthly gain of 31,000 recorded during the previous 12 months. The number of unemployed people changed little at 7 million, while the labor force participation rate edged up to 61.6%.  Revisions strengthened the report further. The BLS raised June‘s increase from 20,000 to 31,000 and changed July’s estimate from a loss of 23,000 jobs to a gain of 21,000. Combined employment growth for the two months was therefore 55,000 higher than initially reported.  Food services and drinking establishments accounted for 59,000 new positions in August, compared with their 12-month monthly average of 12,000. Local government education added 42,000 jobs, and manufacturing employment rose by 16,000.  Information companies cut 23,000 positions, including losses among computing infrastructure providers, publishers, and broadcasters. Healthcare employment increased by 13,000, but the gain was below

09-05انڈسٹری
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