‍RaveDAO & NEON Countdown Usher in Web3 at Asia's Largest Festival RaveDAO and NEON Countdown are partnering to integrate Web3 experiences into the festival's 10th anniversary, transforming it into a major Web3 onboarding event. Attendees will engage with NFT experiences, collect on-chain memories, and unlock digital rewards. Festival tickets will serve as verifiable proof of presence, connecting attendees to a global Web3 community. NEON Countdown, scheduled for December 30-31, will feature artists like Alesso and Amelie Lens. This collaboration with RaveDAO aims to redefine live entertainment through decentralized technology, community engagement, and digital ownership.
Cryptovka
RaveDAO & NEON Countdown Unleash Web3 Experiences at Asia
Bangkok, Thailand – November 5th, 2025 – RaveDAO, a leading Web3-powered entertainment collective, has announced a groundbreaking partnership w...
‍AI Bubble Fears Trigger Global Market Sell-off: Implications for Crypto Global markets are experiencing significant tremors as South Korean equities plunge over 4% amidst growing concerns over inflated valuations and a potential AI bubble burst. This downturn mirrors declines in U.S. markets, including major tech stocks like Nvidia. Concerns stem from rapid, speculative growth in AI-related stocks. Market volatility in traditional finance can influence crypto. A shift to "risk-off" sentiment may lead investors to reduce exposure to digital assets like Bitcoin and Ethereum. For crypto investors, understanding these broader market movements is crucial. While fundamentals remain strong, short-to-medium-term price action can be influenced by macroeconomic factors and global risk appetite.
Cryptovka
AI Bubble Fears Ripple Through Global Markets: What it Means for Crypto Investors
The global financial landscape is experiencing significant tremors, with South Korean equities plunging over 4% on Tuesday amidst growing concerns ...
‍OpenAI's Governance Chaos: Sutskever Testimony Reveals Near Self-Destruction Ilya Sutskever's 10-hour sworn testimony in the Musk v. Altman lawsuit has exposed profound governance failures at OpenAI. The 365-page transcript details a year-long strategy to oust CEO Sam Altman, fueled by a 52-page brief outlining allegations of deceit and undermining by Altman. The crisis nearly led to a merger with rival Anthropic, a move Sutskever opposed. The testimony also highlights an ideological divide on AI safety, with some advocating for halting development to prevent existential risks. Sutskever admitted to underestimating employee loyalty to Altman, as over 700 employees threatened to resign with him. This case study underscores the challenges of managing cutting-edge AI firms.
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OpenAI
The internal turmoil that nearly engulfed AI powerhouse OpenAI in late 2023 has been brought into sharp focus through the recent release of `Ilya...
‍US Treasury Sanctions North Korean Network for Crypto Laundering to Fund Weapons Programs The U.S. Treasury Department has imposed sanctions on eight North Korean bankers, two companies, and 53 cryptocurrency wallets used to launder stolen digital assets. These funds are allegedly used to finance Pyongyang's weapons development programs, directly threatening global security. The sanctioned wallets primarily contained USDT stablecoins. These laundered funds are linked to sophisticated crypto thefts and scams, with North Korea reportedly stealing nearly $3 billion globally in less than two years. Underground Chinese banking networks are crucial in converting illicit crypto to fiat for procurement of weapons materials. This action is part of a broader U.S. effort to dismantle global networks fueling financial malfeasance and state-sponsored cybercrime.
Cryptovka
US Treasury Sanctions North Korean Crypto Laundering Network Fueling Weapons Programs
The U.S. Treasury Department has taken decisive action against a global web of North Korean bankers and entities accused of laundering stolen...
‍NYSE-Listed Sequans Sells BTC for Debt Relief French chipmaker Sequans has sold approximately $100 million worth of Bitcoin (BTC) to reduce its debt by 50%. CEO Georges Karam stated this was a tactical decision to unlock shareholder value, with Bitcoin remaining a long-term strategic reserve asset. Sequans' move aligns with over 200 companies adopting similar Bitcoin treasury strategies. However, experts caution about crypto's inherent risks and market volatility.
Cryptovka
NYSE-Listed Sequans Sells BTC for Debt Relief, Upholds Digital Asset Vision
French chipmaker Sequans recently executed a significant sale of its Bitcoin (BTC) holdings, amounting to approximately $100 million, to address...
‍Coinbase Charter Bid Sparks Bank Backlash and Regulatory Debate Coinbase's application for a National Trust Company Charter in the US faces strong opposition from traditional banking groups like the Independent Community Bankers of America (ICBA). The ICBA argues that crypto custody is "untested" and that Coinbase's venture would struggle in bear markets. Coinbase's chief legal officer, Paul Grewal, criticized this stance as an attempt to keep crypto unregulated. The exchange aims to bridge traditional finance and the crypto economy, offering regulated trust services. The OCC's review is expected to take 12-18 months. This push for integration mirrors efforts by Ripple and Circle, highlighting the ongoing challenge for crypto firms seeking regulatory clarity and mainstream adoption amidst resistance from established financial players.
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Coinbase Charter Bid Faces Bank Backlash, Igniting Regulatory Debate
The cryptocurrency exchange Coinbase is encountering significant opposition from traditional banking institutions regarding its application for a N...
‍MARA and Hut 8 Report Strong Q3 Profits Amid Strategic Diversification MARA and Hut 8 have reported significant profit surges in Q3 2025. MARA's revenue increased 92% YoY to $252 million, yielding a $123 million net income. Hut 8's revenue nearly doubled to $83.5 million, with profits of $50.6 million. Both companies are expanding Bitcoin reserves and diversifying into digital energy and AI infrastructure. MARA acquired Exaion for $168 million, focusing on AI data centers. Hut 8 is growing its high-performance computing capacity for AI workloads. Despite strong fundamentals, stock prices dipped amid a broader Bitcoin market decline. The US continues to lead Bitcoin mining globally, with Texas as a key hub.
Cryptovka
MARA and Hut 8 Q3 Profits Surge Amidst Strategic Diversification
Bitcoin miners Marathon Digital Holdings (MARA) and Hut 8 have reported exceptionally strong third-quarter results for 2025, showcasing significant...
‍CleanSpark Expands into AI with Texas Data Center CleanSpark, a Bitcoin mining company, is diversifying into AI and high-performance computing. The company has acquired 271 acres near Houston, Texas, for a new AI data center with 285 MW of secured energy. This move reflects a broader industry trend, with companies like HIVE Digital, Marathon Digital, TeraWulf, and IREN also expanding into AI infrastructure. Matt Schultz, CleanSpark's CEO, stated, "While Bitcoin remains an integral part of our business, we’re equally focused on developing large-scale data centers that will power the next generation of innovation."
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CleanSpark Expands into AI with Major Texas Data Center, Boosting Power Capacity
CleanSpark, a prominent Bitcoin mining company, significantly expanded its power capacity by 28% in October as it strategically diversifies its ope...
‍Bitcoin Liquidity Crisis Fueled by Government Shutdown; Rally Anticipated The U.S. government shutdown has caused a significant drain on market liquidity, with the Treasury General Account (TGA) reportedly holding $1 trillion and removing approximately $700 billion from circulation. This has contributed to a notable decline in Bitcoin's value. However, analysts anticipate a substantial liquidity injection once the shutdown concludes. This "snap-back" is expected to fuel a strong relief rally for Bitcoin and other risk assets, potentially aligning with Bitcoin's historical end-of-year strength.
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Bitcoin Liquidity Crisis: How Government Shutdown Saps Markets and Signals Future Rally
The ongoing U.S. government shutdown has significantly impacted Bitcoin liquidity and broader asset markets, leading to a notable decline in the fl...
‍Binance CEO Denies Promoting Trump-Linked Stablecoin Amid Political Scrutiny Binance CEO Richard Teng has denied claims that the exchange promoted USD1, a stablecoin associated with the Trump family's World Liberty Financial, for a $2 billion investment deal. This denial follows increased scrutiny from lawmakers, particularly after former Binance CEO CZ received a presidential pardon from Donald Trump. Teng stated that Binance did not participate in the decision to use USD1 for the transaction between MGX and Binance, asserting that MGX made the choice. He also noted that other exchanges listed USD1 before Binance. The controversy highlights concerns about potential conflicts of interest and the intersection of political influence with digital assets.
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Binance CEO Denies Pushing Trump-Backed Stablecoin Amid Political Scrutiny
Binance CEO Richard Teng has reportedly rejected claims that the cryptocurrency exchange actively promoted USD1, a stablecoin associated with the T...