A post published on Sunday by Max Keiser claimed that JPMorgan Chase was dangerously shorting shares of Strategy (formerly MicroStrategy) and that a 50% stock rally would put the bank in crisis. The claim exploded across X, drawing tens of millions of views within two days. Users demanded a buying campaign. Some posted comparisons to

The Artificial Superintelligence (ASI) Alliance has announced the launch of ASI:Chain public DevNet, providing early access to developers interested in building autonomous systems on a layer 1 blockDAG, designed specifically for AI-native decentralized applications. ASI:Chain debuts in DevNet: What to know According to the official statement by The Artificial Superintelligence Alliance, a joint venture of

SpaceComputer, a startup that plans to use satellites to run secure computing for blockchains, has raised $10 million in a seed round, according to an announcement shared exclusively with The Defiant. The firm said the funds will be used to build an orbital network that can process blockchain operations securely from space. The seed round

The U.S. initial jobless claims came in below estimates of 226,000, suggesting a rebound in the labor market, which is typically bearish in the push for a rate cut. However, despite this development, Bitcoin rose on the back of the data release, reaching $87,000 from an intraday low of around $86,400.

The Fed’s Beige Book report, which provides updated assessments of the regional economic outlook, has been released. The report notes that economic activity across the country has remained largely stable, but regional disparities are evident. According to the Fed, most regions reported no significant change in economic activity compared to the previous report, while two

South Africa’s central bank has echoed a warning from Standard Chartered, confirming that the rapid rise of stablecoins could destabilize emerging-market (EM) banks. Standard Chartered projects that digital dollars could drain as much as $1 trillion from EM bank deposits over the next three years, as consumers and corporates shift savings toward stable, USD-pegged alternatives.

A quiet pre-Thanksgiving session turned louder in U.S. afternoon hours, with bitcoin BTC$90,141.37 managing to regain the $90,000 level after nearly one week below that price. Of late, the Wednesday prior to Turkey Day has been a weak one, with declines in six of the past seven years, including massive drops in both 2020 and

Key Takeaways Bolivia is set to integrate stablecoins into the country’s formal financial system. Banks will be allowed to offer crypto services such as savings accounts, credit cards, and loans. Bolivia’s newly appointed Economy Minister Jose Gabriel Espinoza has announced that the country will integrate cryptocurrencies into its formal financial system. The implementation will start

Santiago Roel Santos, founder and CEO of crypto investment company Inversion Capital, said cryptocurrencies are not subject to positive network effects, but other experts disagree. In a recent Substack post, Santos wrote that “crypto is priced for network effects it doesn’t have.” He also pointed to the network effect valuation system, Metcalfe’s Law, saying that

Tether’s growing footprint in the global gold market has entered the chat in a big way, thanks to a new analysis from Jefferies that frames the stablecoin giant as something akin to a private-sector central bank. Why Jefferies Thinks Tether Is the Most Important Gold Buyer You’re Not Watching Tether, already known for steering the