Quick Summary: ProductionReady co-founder Jimmy Song calls for a conservative Bitcoin node client to preserve monetary properties and prevent network centralization. Jimmy Song, co-founder of ProductionReady, a non-profit supporting open-source Bitcoin software development and education, says the Bitcoin network requires a conservative node client implementation to protect its monetary properties and reinforce decentralization. Song told Cointelegraph that the organization maintains a bias against significant code changes unless the community offers overwhelming support for them. The guiding principle, he explained, is straightforward: if a change cannot be clearly shown to improve the currency, it should not be made.ProductionReady intends to restore…
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Quick Summary: Ex-UK Chancellor Kwasi Kwarteng, whose 2022 mini-budget triggered a gilt market crisis, is now involved with bitcoin treasury firm Stack BTC. Kwasi Kwarteng, who served as the United Kingdom’s Chancellor of the Exchequer for only a matter of weeks in September 2022, has moved into the cryptocurrency sector following the end of a 14-year political career. His time in government included several senior Cabinet positions before his brief and turbulent tenure at the Treasury. He is now involved with Stack BTC, a UK-based bitcoin treasury company. The move marks a notable shift from public office to the private…
Quick Summary: Anthropic has registered a PAC with the FEC as it battles the Trump administration over military use of its Claude AI model. Anthropic has filed paperwork with the Federal Election Commission to establish a political action committee, marking a significant step into U.S. political engagement as debates over artificial intelligence policy intensify in Washington. The San Francisco-based company registered the committee, formally named the Anthropic PBC Political Action Committee and referred to as AnthroPAC, in a filing submitted on Friday. The committee is structured as a separate segregated fund connected to the company and is authorized to distribute…
Quick Summary: Major U.S. exchanges are moving toward round-the-clock trading amid concerns that current after-hours conditions enable brokers to manipulate prices. Major U.S. stock exchanges are advancing plans toward continuous, around-the-clock trading, a shift that has reignited debate over fairness in financial markets. Critics of the existing system argue that brokers are able to take advantage of thin liquidity during after-hours sessions. They also point to opening auctions as a mechanism that can be used to influence prices and trigger client stop-loss orders.Academic research and recent enforcement actions by the SEC and FINRA lend weight to these concerns. The findings…
Quick Summary: Anthropic researchers identified internal “emotion vectors” in Claude Sonnet 4.5 that influence the model’s decisions, including a spike in “desperation” before it generated a blackmail message. Researchers at Anthropic say they have identified internal patterns inside one of the company’s AI models that resemble emotional representations and appear to influence how the system behaves. The findings were published Thursday in a paper titled “Emotion concepts and their function in a large language model,” authored by the company’s interpretability team. The study focused on Claude Sonnet 4.5 and examined clusters of neural activity linked to emotional concepts including happiness,…
Quick Summary: A Nevada judge has granted a preliminary injunction barring Kalshi from offering event-based contracts in the state, ruling they constitute unlicensed gambling. A Nevada judge has extended a prohibition against Kalshi offering event-based contracts to state residents, ruling that the products amount to unlicensed gambling under Nevada law. Judge Jason Woodbury announced at a hearing in Carson City on Friday that he would grant a preliminary injunction sought by the Nevada Gaming Control Board. The order bars the company from allowing residents to trade on outcomes tied to sports, elections, and entertainment events without holding a gaming license.The…
Quick Summary: The Solana Foundation is partnering with Project Eleven to test quantum-resistant cryptography, but early results show significant speed and size tradeoffs. The Solana Foundation has begun collaborating with Project Eleven to explore cryptographic methods designed to withstand attacks from quantum computers. The initiative comes as concerns mount that advances in quantum computing could eventually undermine the security underpinning modern blockchain networks. Researchers and developers across the industry have increasingly flagged the potential vulnerability as a long-term threat worth addressing now.Current blockchain security relies on cryptographic algorithms that classical computers cannot feasibly break. However, sufficiently powerful quantum computers could,…
Quick Summary: Large holders are distributing bitcoin faster than ETFs and institutional buyers can absorb supply, pressuring prices despite accumulation near record levels. Bitcoin is facing a growing imbalance between supply and demand, as large holders continue to offload their positions at a pace that is outstripping purchases by institutional buyers. ETFs and firms such as Strategy have been accumulating bitcoin near record price levels, yet that buying pressure has not been sufficient to counter the volume of coins entering the market. The result is a thinning demand structure that analysts say is visible across multiple on-chain and sentiment indicators.Whales,…
Quick Summary: Polymarket pulled a prediction market on a missing US service member’s rescue, citing integrity violations after a congressman called it ‘disgusting.’ Polymarket has removed a prediction market that asked users to bet on whether a US pilot reportedly shot down over Iran would be rescued, following significant public criticism. The platform stated the listing violated its integrity standards and should never have been published. The company said it is now reviewing how the market passed its internal review process, though it did not identify which specific rule had been breached.The market had attracted considerable attention before its removal,…
Quick Summary: Tether is pressing investors to commit to a fundraising round at a $500 billion valuation within two weeks or risk the raise being delayed. Tether is urging potential investors to commit to a new funding round within a two-week window, warning that the raise may be postponed if sufficient interest does not materialise. The El Salvador-based firm has been seeking fresh capital since late 2024 but has encountered resistance from investors uncomfortable with the proposed valuation, according to The Information, which cited unnamed sources familiar with the matter. Should commitments fall below expectations, the company is expected to…
