In brief An economist at USDC issuer Circle proposed an emergency overhaul of Aave’s lending mechanics, advocating for a 50% maximum borrowing rate. Making Aave an “irresistible destination” for capital should alleviate a liquidity crisis that has left stablecoins trapped in the DeFi giant for the past five days, he said. Meanwhile, liquid staking protocol…
A negative Bitcoin funding rate and $7.5 billion in USDC reserves suggest traders may start positioning against the bearish trend. Will BTC price keep rising? Source link
The stablecoin issuer cited “activity tied to unlawful conduct” but no further explanation for the freezing of the dollar-pegged tokens held in two wallet addresses. Source link
In brief GPT-5.5 launches today for Plus, Pro, Business, and Enterprise users in ChatGPT and Codex, with API access coming soon at $5/M input tokens and $30/M output tokens. The model achieves 82.7% on Terminal-Bench 2.0—a benchmark testing complex command-line workflows—beating Claude Opus 4.7 at 69.4% and Gemini 3.1 Pro at 68.5%. GPT-5.5 uses significantly…
In brief The U.S. Treasury sanctioned Cambodian Senator Kok An and 28 related entities accused of running a crypto scam network. Officials say trafficking victims were forced to run scams that tricked people into sending money. The action was coordinated with a federal anti-scam task force focused on Southeast Asia. The U.S. Treasury Department sanctioned…
FIGR stock retreated after a brief rally as shifting sentiment hits crypto-linked equities, even as analysts point to strong growth in the fintech’s blockchain-based lending. Source link
More than 120 entities affiliated with the cryptocurrency and blockchain industry are urging US lawmakers to stop stalling on the advancement of a digital asset market structure bill. In a Thursday letter to leaders in the US Senate Banking Committee, the Crypto Council for Innovation (CCI) and Blockchain Association said that the body should “proceed…
In brief OpenAI introduced ChatGPT for Clinicians, a specialized version designed to support clinical tasks like documentation and medical research. The platform is free for verified U.S. physicians, nurse practitioners, physician assistants, and pharmacists. OpenAI said the chatbot outperformed human doctors in certain clinical tasks, according to its own benchmark test. OpenAI on Wednesday unveiled…
In brief Hy3 preview is a 295 billion parameter Mixture-of-Experts model with only 21 billion active parameters, making it cheaper to run than most rivals of similar capability. On SWE-bench Verified—a coding benchmark testing real GitHub bug fixes—it jumped from 53% (Hy2) to 74.4%, a 40% improvement over the previous generation. The model is already…
Bitcoin (BTC) reached a monthly high of $79,472 on Wednesday, marking its strongest 28-day return since April 2025. The rally aligns with a shift in a market positioning metric and a surge in leverage use. A combined view of the market positioning metric and open interest shows new positions are being added, potentially influencing BTC’s…