Sam Altman, chief executive of OpenAI, met UAE President Sheikh Mohammed bin Zayed Al Nahyan in Abu Dhabi on Saturday, according to the UAE state news agency. The talks between Sam and Mohammed centered on building stronger cooperation between OpenAI and organizations in the Emirates. Officials reported that both men focused on artificial intelligence research
Traders have practically written in pen a quarter-point cut, daring the U.S. Federal Reserve to prove them wrong at October’s meeting ahead. Quarter-Point Trim Leads the Board for October’s Fed Decision CME’s Fedwatch tool puts numbers to the hunch: with the target currently at 4.00% to 4.25%, the Oct. 29 path most favored is a
The world of Digital Asset Treasury (DATs) has entered a new era, after Strive (ASST) announced an all-stock deal to acquire Semler Scientific (SMLR) this week. The deal marked the first merger of two publicly traded bitcoin treasuries, and according to a Wall Street banker familiar with the situation, this is just the start of
Elon Musk already has rockets, cars, AI, and humanoid robots. Musk’s rival Sam Altman runs OpenAI, the company behind the leading AI chatbot, ChatGPT. Now, both men and other billionaires want a piece of the human brain. Their latest bets on brain-computer interfaces, or BCIs, reveal less about today’s medical breakthroughs and more about a
Iran has announced a new directive concerning stablecoin transactions, with the country dealing with the fall of its fiat currency, the rial. According to the new rules, stablecoin transactions will now be capped for individuals and firms amid the return of UN sanctions. According to the statement, Iran has directed that annual purchases should not
Singapore and the United Arab Emirates rank globally as the most “crypto-obsessed” nations, according to a recent report by ApeX Protocol. Singapore claimed the number one spot with a composite score of 100, driven by 24.4% of its population owning crypto and leading the world in search activity, with 2,000 crypto-related queries per 100,000 people.
Stablecoin giants like Tether and Circle are profiting from the current high-interest rate environment while stablecoin holders see none of the returns, said Wormhole’s co-founder, Dan Reecer, at Mercado Bitcoin’s DAC 2025 event. Speaking as a panelist, he said the companies are effectively “printing money” by keeping the yield from the U.S. Treasuries backing their
Bitcoin exchange-traded funds (ETFs) recorded a massive $418 million outflow while ether ETFs logged their fifth straight day of redemptions with $248 million. ETF Exodus Deepens: Bitcoin Funds Shed $418 Million, Ether Sees $248 Million Outflow It was a week the ETF market would rather forget. Bitcoin and ether funds closed Friday, Sept. 26, deep
US President Donald Trump shared a humorous image targeting Federal Reserve Chair Jerome Powell on social media on Saturday. The image shows Trump telling Powell, “You’re Fired!” Trump has frequently voiced criticism of Powell, who has long been reluctant to cut interest rates. Jerome Powell image shared by Trump. The Fed cut interest rates for