Crypto

OpenAI just secured $110 billion in fresh investment, and announced additional collaborations with two of the big backers.

Ethereum (ETH), down 3.7% from Thursday, joined Solana (SOL) as an underperformer.

Hotter US PPI inflation data boosted precious metals but punished Bitcoin bulls, with BTC price downside nearing 3% on the day. Bitcoin (BTC) slid further into Friday’s Wall Street open as US inflation data overshot expectations. Key points: Bitcoin price downside strengthens as US inflation data comes in hot. Read more

South Korea’s National Tax Service reportedly published a wallet seed phrase in a press release, and tokens worth $4.8 million were swiftly drained in the latest custody blunder for the authorities. South Korea’s National Tax Service (NTS) accidentally exposed a crypto wallet seed phrase in an official press release on Thursday, leading to a loss of 4 million PRTG  (Pre‑Retogeum) tokens worth about $4.8 million from the address, according to local media reports. According to multiple Korean media reports on local sites Naver, Chosun and others, the press release related to the National Tax Service’s enforcement campaign against tax delinquents and seizures that the authorities had carried out. The release reportedly included an image of a Ledger cold wallet and a sheet of paper showing the wallet’s full mnemonic phrase without any blur or masking. Blockchain researchers later identified an Ether (ETH) address linked to the leaked phrase that briefly held the 4 million PRTG tokens before the entire balance was...

PYUSDx lets developers issue app-specific stablecoins backed by PayPal USD with fast launch, cross-chain support and branded token options. Payment giant PayPal is expanding access to its stablecoin through a new platform it says will allow devleopers to create their own US dollar-pegged tokens backed by PayPal USD. PayPal, MoonPay and stablecoin platform M0 on Friday announced PYUSDx, a product aimed at helping developers launch PayPal USD (PYUSD)-backed stablecoins for use within applications, or tokens designed for use inside a particular app, platform or ecosystem, according to a joint announcement shared with Cointelegraph. The companies said the rollout is planned for next month. Read more

The seizures target Southeast Asian networks operating “pig butchering” scams from compounds in Burma, Cambodia, and Laos.

Canton Network vs. XRP: DTCC's Blockchain Future The post Canton Crypto Network vs. XRP: Breaking Down DTCC’s Infrastructure and Liquidity Needs appeared first on Cryptonews.

There’s a furious debate about Jane Street’s impact on Bitcoin. Is it suppressing the price… or is that just a conspiracy theory?

There’s a furious debate about Jane Street’s impact on Bitcoin. Is it suppressing the price… or is that just a conspiracy theory?

Bitcoin’s rally is riding record $1.279 trillion margin debt, and the unwind could arrive without warning Bitcoin’s next phase is being shaped by a record build in U.S. market leverage, recession-leaning survey data and an expanding Treasury buyback program that is aimed at bond-market plumbing rather than monetary easing. Those inputs show up across FINRA’s […] The post Bitcoin price rally is riding record $1.2 trillion margin debt, and the unwind could be here already appeared first on CryptoSlate.

Any rollout would still require strict affordability and suitability checks, and crypto activity would need FCA authorization, Gambling Commission executive Tim Miller said. The United Kingdom’s Gambling Commission is exploring how cryptocurrency could be used for payments at licensed online casinos, as the country prepares to bring more crypto activity under a new regulatory regime led by the Financial Conduct Authority (FCA). Tim Miller, the commission’s executive director for research and policy, said Thursday that the regulator wants to examine “the potential path forward” for allowing “cryptoasset to be used as a consumer payment option for licensed and regulated gambling in Great Britain.” Miller made the remarks at the Betting and Gaming Council’s annual general meeting in London, according to his published speech. Companies carrying out regulated crypto activities will require authorization by the FCA under the Financial Services and Markets Act 2000 (FSMA) when the new regime commences, Miller said. ...

Despite rising whale counts, total Bitcoin supply held by stakeholders has not significantly increased yet.

Citrini warned everyone that these AI layoffs were coming, and it seems Jack Dorsey took their warning to heart and chose to act first.

Sentient launched Arena, a production-style platform to test AI agents on enterprise tasks, with Pantera and Franklin Templeton joining the initial cohort. Pantera Capital and Franklin Templeton’s digital assets units have joined the first cohort of Arena, a new testing environment from open-source AI lab Sentient that is designed to evaluate how AI agents perform in enterprise-style workflows. In a Friday announcement shared with Cointelegraph, Sentient positioned Arena as a production-style benchmarking platform rather than a static model test. Instead of scoring agents on fixed datasets alone, it runs them through standardized tasks modeled on enterprise conditions, including long documents, incomplete information and conflicting sources.  “In this initial phase, participation refers to supporting the Arena program and developer cohort,” Oleg Golev, product lead at Sentient Labs, told Cointelegraph. Read more

Axiom Data Scandal: $400K Insider Trading Exposes Failures The post Axiom Crypto Exposed: ZachXBT Alleges $400k Insider Trading appeared first on Cryptonews.

Your day-ahead look for Feb. 27, 2026

Positioning in futures and options shows traders looking to protect against further declines.

The ruling keeps pre‑2019 investor claims in open court and rejects Binance’s bid to send the dispute to private arbitration in Singapore. A United States federal judge ruled that Binance cannot force a group of US customers to arbitrate claims over losses on crypto tokens they bought on its global platform before Feb. 20, 2019, keeping a major class action in open court. The decision on Thursday by District Judge Andrew Carter Jr. in the Southern District of New York held that those claims were not bound by Binance.com’s 2019 arbitration clause because users lacked sufficient notice when the company unilaterally shifted its terms of use away from the 2017 version, which contained no arbitration or class action waiver provisions. According to the judge, Binance relied on a general change‑of‑terms clause and the posting of updated 2019 terms on its website, and there was no evidence that the exchange provided any individual notice or formally “announced” the new arbitration provision to users. Read more

Block shares jumped more than 20% in premarket trading after CEO Jack Dorsey told employees the company will cut more than 4,000 roles and reorganize around an “AI-era” operating model. The reduction takes Block from more than 10,000 employees to just under 6,000 (“nearly half,” in Dorsey’s wording), while the company’s 8-K describes a “Workforce […] The post Bitcoin pioneer Jack Dorsey wants 50% staff cut to feel “awkwardly human” as AI-era reset begins at Block appeared first on CryptoSlate.

Block Cuts 4,000 Jobs in AI-Driven Restructuring The post Jack Dorsey’s Block to Cut 4,000 Jobs in AI-Driven Restructuring appeared first on Cryptonews.