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Bo Hines, director of the White House crypto advisory group, steps down.

Bo Hines, the executive director for the White House Crypto Council, announced he is stepping down on Saturday.
Hines said he is stepping down to rejoin the private sector and thanked the crypto community for its “unwavering” support. He wrote on Saturday:
> “Serving in President Trump’s
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Institutions dominating mainstream crypto narratives — fintech exec

Traditional financial institutions are increasingly shaping the narratives in the crypto sector, and are poised to benefit the most from the current trends, according to Arthur Azizov, founder of B2 Ventures, a private “alliance” of crypto services and financial tech companies.
Azizov told
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Bitcoin investment banks coming to El Salvador — Gov regulator

Regulated Bitcoin (BTC) investment banks are coming to El Salvador, following Thursday’s approval of El Salvador’s Investment Banking Law, which classifies investment banks under different regulations than commercial banks.
Investment banks will now be allowed to hold BTC and other digital
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Crypto influencers are replacing VCs, and that’s a good thing

Opinion by: Tom Bruni, editor-in-chief and vice president of Community, Stocktwits
Since the dawn of the dot-com boom, it’s almost impossible to hear the term “VC” (venture capitalist) without immediately conjuring up an image of Sandhill Road — and the ultra-exclusive air that surrounds the
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Decentralized data economy to start from the driver’s seat

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BlackRock launching a SOL ETF in first wave would be 'messed up' — Analyst

The world’s largest asset manager, BlackRock, should not be allowed to launch a Solana exchange-traded fund (ETF) simultaneously with the US-based issuers who have already filed for one, says ETF analyst James Seyffart.
“That’s messed up,” Seyffart told ETF analyst Nate Geraci in a video
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DeFi soars with tokenized stocks, but user activity shifts to NFTs: Report

Locked liquidity on decentralized finance (DeFi) applications reached a record $270 billion in July, partly driven by tokenized stocks growth
DappRadar’s data shows the total value locked (TVL) in DeFi protocols jumped 30% month-over-month, while active wallets for tokenized stocks soared from
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Harvard endowment invests $116M into BlackRock Bitcoin ETF

Harvard Management Company, the entity responsible for managing the university’s $53-billion endowment fund, has reported a multimillion-dollar investment in BlackRock’s Bitcoin exchange-traded fund (ETF).
In a Friday filing with the US Securities and Exchange Commission (SEC), Harvard disclosed
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ChatGPT-5 upgrade faces user backlash as AI rivals gain ground

ChatGPT users flooded social media forums with negative comments about the platform's latest model released on Thursday, saying the upgrade was overhyped by OpenAI CEO and co-founder Sam Altman.
Users on Reddit criticized the company's ChatGPT-5 model, saying it had a more restrictive rate limit an
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The jury’s journey to the Roman Storm verdict

A 12-person jury, including a member who celebrated her 90th birthday, deliberated this week in the complex case of Roman Storm, co-founder of Tornado Cash. They convicted Storm on one count of running an unlicensed money transmitting business, while remaining unable to reach a decision on other
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EthereumMax investors secure partial win in class-action lawsuit

Investors who were parties to a 2022 lawsuit may be closer to pursuing legal action against celebrities who promoted the EthereumMax (EMAX) token after a recent decision by a California judge.
In a Wednesday filing in the US District Court for the Central District of California, Judge Michael
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Funding effort for Roman Storm grows as defense preps for possible retrial

Tornado Cash developer Roman Storm’s legal defense fund is seeing an influx of donations as the software creator’s defense team preps for a possible retrial on charges of money laundering and sanctions violations. The Ethereum Foundation on Thursday said it will match up to $500,000 in donations to
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Ether price hits $4K for first time since December 2024

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Blockchain AI cannibalizes decentralized AI

Opinion by: Samuele Marro, PhD student in machine learning at the University of Oxford
The Web3 AI space has fallen into a trap. Somewhere along the way, “decentralized AI” became synonymous with “blockchain AI.” This false equivalency actively harms innovation
Excellent decentralized AI
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CrediX Finance team disappears after $4.5M hack

The team behind the decentralized finance (DeFi) protocol CrediX Finance appears to have disappeared following a $4.5 million exploit that drained funds from the platform, raising concerns of a suspected exit scam.
On Monday, blockchain security firms flagged the exploit and determined that
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Traders bet on $200K year-end Bitcoin, but real odds tell a different story

Key takeaways:
Diagonal and butterfly spreads benefit from BTC near $160,000.
$200,000 year-end call options imply less than 3% chance of profit.
Bitcoin (BTC) traders are gearing up for the year-end $8.8 billion options expiry, scheduled for Dec. 26 at 8:00 am UTC. More than $1 billion in Bitco
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