Crypto ATM limits and bans sweep across US: Here’s why
Crypto ATMs are facing increasing pressure from regulators, including bans at the municipal level.
Month: August 2025
Galaxy Secures $1.4B to Expand Helios Data Center for AI and HPC
Galaxy, the Nasdaq-listed digital asset investment firm, said on Friday it has secured $1.4 billion in funding to expand its Helios data center in West Texas, part of the firm’s push to boost computing capacity for artificial intelligence (AI) and high-performance computing (HPC). The debt facility, which covers 80% of construction costs, runs for 36 … Read more
Trump’s SEC Chair Says Agency Is ‘Mobilizing’ to Update Custody, Other Guidance
The U.S. Securities and Exchange Commission is looking at custody rules for digital assets, including how broker-dealers, asset managers and investment advisers can deal with cryptocurrency transactions, its head said Friday. SEC Chair Paul Atkins, speaking about his recently announced Project Crypto on Fox Business’ “Mornings With Maria” program, said the agency was “mobilizing at … Read more
Sam Altman says ‘yes,’ AI is in a bubble
As economists speculate whether the stock market is in an AI bubble that could soon burst, OpenAI CEO Sam Altman has just admitted to believing we’re in one. “Are we in a phase where investors as a whole are overexcited about AI?” Altman said during a lengthy interview with The Verge and other reporters last … Read more
You’re wrong about the GENIUS Act
Critics misunderstand the GENIUS Act’s actual influence. It doesn’t free Bitcoin from taxes but breaks Wall Street’s stranglehold on dollar clearing.
Galaxy secures $1.4B loan to fast-track Texas Helios AI datacenter
Galaxy Digital secured $1.4 billion to expand its Texas Helios AI data center, expecting $1 billion in annual revenue from a 15-year CoreWeave partnership.
CoinDesk 20 Performance Update: Avalanche (AVAX) Gains 3.4% as Index Trades Higher
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 4261.62, up 1.0% (+40.35) since 4 p.m. ET on Thursday. Twelve of 20 assets are trading higher. Leaders: AVAX (+3.4%) and ADA (+3.4%). Laggards: ICP (-1.0%) and LINK (-0.7%). … Read more
BONK Holds Key Support After Heavy Selling Hits Solana Meme Token
Solana-based meme coin BONK weathered a volatile 24 hours, as significant institutional activity defined both the highs and lows of the trading range. The token reached $0.000026 and quickly encountered resistance at that level, with 4.02 trillion tokens changing hands during a midday rejection that set a clear technical ceiling for the short term, according … Read more
Is air travel getting worse?
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BlackRock Bitcoin, Ether ETFs buy $1B as BTC price mostly fills CME gap
Bitcoin and Ether were firm “buy the dip” targets for ETF investors, with reactions celebrating continued institutional demand despite a BTC and ETH price correction.
For Legends: Z-A’s battle system, I rewired the Pokémon part of my brain
Even if you’ve never played a Pokémon game before, you can probably figure out how the type chart works. Fire types are weak to water types, water is weak to grass, and grass is weak to fire. Type matchups are foundational to Pokémon battles, far before you get into the weeds of stats and strats. … Read more
Vibe coding through the GPT-5 mess
Last week, we ran into an issue: no one on the show had ever vibe coded. So for today’s episode, we set out to fix that. Everyone came prepared with a vibe coded project – and some misadventures to go along with it. This week on The Vergecast, we’re discussing the fallout of the messy … Read more
Hyperbeat Secures $5.2M Backing From ether.Fi, Electric Capital
Hyperbeat, a protocol powering yield infrastructure on the Hyperliquid decentralized exchange, has closed a $5.2 million oversubscribed seed round co-led by ether.fi Ventures and Electric Capital. The raise will be used to build out their yield infrastructure for traders, protocols, and institutions that are tapped into the Hyperliquid ecosystem. The round also drew investments from … Read more
Lucid reveals off-road version of Gravity SUV, which it has definitely sold more than 9 of
On Friday, Lucid Motors introduced an off-road version of its Gravity SUV, a few hours after shooting down a report that it had only sold 9 of the luxury EV in the first six months. The off-road concept includes redesigned front and rear fascias, improved approach and departure angles, a widened track, lifted ride height, … Read more
How I Cut AWS Compute Costs by 70% with a Multi-Arch EKS Cluster and Karpenter
Faced with slow Kubernetes scaling and rising AWS bills, I replaced the Cluster Autoscaler with Karpenter, built a multi-architecture EKS cluster (AMD64 + ARM64) using Terraform, and shifted 70% of workloads to Spot Instances. The result: 70% lower compute costs, sub-20-second scaling, and significantly better resource utilization in production.
GPT-5 failed the hype test
Last week, on GPT-5 launch day, AI hype was at an all-time high. In a press briefing beforehand, OpenAI CEO Sam Altman said GPT-5 is “something that I just don’t wanna ever have to go back from,” a milestone akin to the first iPhone with a Retina display. The night before the announcement livestream, Altman … Read more
Texan Authorities Seize $2.8M in Crypto from Alleged Ransomware Operator
Prosecutors claim that Ianis Aleksandrovich Antropenko deployed Zeppelin ransomware to attack individuals and organizations worldwide.
New BIS plan could make ‘dirty’ crypto harder to cash out
The Bank for International Settlements has floated a compliance score for crypto-to-fiat off-ramps, using transaction history to flag and potentially freeze “tainted” assets.
I talked to Sam Altman about the GPT-5 launch fiasco
On Thursday, I had dinner with Sam Altman, a few other OpenAI executives, and a small group of reporters in San Francisco. Altman answered our questions for hours. No topic was off limits, and everything, with the exception of what was said over dessert, was on the record. It’s uncommon to have such an extended, … Read more
AI-induced dehumanization (2024)
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Morning Minute: Another $700M+ Bitcoin TreasuryCo Is Born
ETH ETFs continue to see near-record inflows, and Hyperliquid is setting records in volume and fees.