Beyond Trading: How Binance’s $280 Billion Payments Network Is Redefining the Crypto Exchange Landscape – FF News

Elon Musk says it is too late to stop AI. Even he could not halt it, the xAI founder told The Economist. Musk spoke to The Economist’s Editor-in-Chief Zanny Minton Beddoes in an interview recorded on Monday, before OpenAI disclosed that one of its frontier models went rogue. Elon Musk thinks AI could surpass the…

Shiba Inu’s centralized effort Shiba Inu’s momentum Shiba Inus are once again getting close to a significant milestone that seemed unattainable only a short time ago. Exchange reserves have fallen to about 86.1 trillion SHIB, according to the most recent on-chain data, putting the network dangerously close to dropping below the 100 trillion threshold, a…

Federal Reserve Chair Kevin Warsh told the House Financial Services Committee on July 14 that the central bank will decline to rescue the cryptocurrency industry in a crisis, a message he delivered during his first semiannual monetary policy testimony as chair. The exchange came from Rep. Brad Sherman (D-CA), a longtime crypto skeptic, who asked…

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Blockchain has opened up payment models that were awkward and/or uneconomic under older rails. This is especially true for digital content, gaming, tipping, and machine-to-machine commerce (where AI agents search for, compare, and purchase goods and services). Without blockchain, each of these models would be far harder to sustain: blockchain offers the infrastructure necessary for…

Following a merger of Ethereum’s [ETH] Layer 1 (L1) and Layer 2 (L2) into one holistic roadmap, the scaling upgrades seem to be working. For instance, Pectra Upgrade expanded L2 blob throughput, while Fusaka Upgrade increased data availability by 8x. That is not just heresy. It is backed by the recent on-chain data. Here are…