🚨 Tether’s $120M Bitcoin Mining Plan Falls Apart
Tether invested around $120 million into Bitcoin mining sites in Uruguay, but the project eventually collapsed after a dispute with the country’s state electricity provider over power limits.
The sites were eventually shut down, and Tether laid off workers as the company moved on from the project.
$120M invested, then Uruguay basically said: “Yeah… we’re gonna need that electricity back.” 💀
@eBriefs
Tether invested around $120 million into Bitcoin mining sites in Uruguay, but the project eventually collapsed after a dispute with the country’s state electricity provider over power limits.
The sites were eventually shut down, and Tether laid off workers as the company moved on from the project.
$120M invested, then Uruguay basically said: “Yeah… we’re gonna need that electricity back.” 💀
@eBriefs
🚨 Bitcoin Nears $80K as Crypto Rally Keeps Rolling
Bitcoin climbed to nearly $79,500, extending a roughly 23% weekly surge and putting the cryptocurrency on track for its strongest week in more than three years.
The rally has been fueled by renewed institutional demand, stronger Bitcoin ETF inflows, short-position liquidations and growing optimism around U.S. crypto regulation. Ethereum and major altcoins have also joined the move.
Bitcoin has gone from struggling around $60K to knocking on $80K’s door in just days. 👀
@eBriefs
Bitcoin climbed to nearly $79,500, extending a roughly 23% weekly surge and putting the cryptocurrency on track for its strongest week in more than three years.
The rally has been fueled by renewed institutional demand, stronger Bitcoin ETF inflows, short-position liquidations and growing optimism around U.S. crypto regulation. Ethereum and major altcoins have also joined the move.
Bitcoin has gone from struggling around $60K to knocking on $80K’s door in just days. 👀
@eBriefs
🚨 Iran Threatens Its Neighbors Over New U.S. Sanctions
Iran’s newly appointed security chief Mohsen Rezaei has warned neighboring countries against supporting the U.S. economic pressure campaign, saying Tehran could treat them as enemies if they cooperate.
The warning comes as Washington prepares what it calls some of its toughest sanctions yet against Iran, while tensions over the Strait of Hormuz continue.
Iran is basically telling its neighbors: “Pick your side carefully.” 👀
@eBriefs
Iran’s newly appointed security chief Mohsen Rezaei has warned neighboring countries against supporting the U.S. economic pressure campaign, saying Tehran could treat them as enemies if they cooperate.
The warning comes as Washington prepares what it calls some of its toughest sanctions yet against Iran, while tensions over the Strait of Hormuz continue.
Iran is basically telling its neighbors: “Pick your side carefully.” 👀
@eBriefs
🚨 Binance Employees Detained in UAE Amid Investigation
Two Binance employees were reportedly detained at airports in the United Arab Emirates amid a police investigation into possible financial crimes involving the cryptocurrency exchange.
The detentions were reported by The New York Times, citing people familiar with the matter. It remains unclear exactly what authorities are investigating, and Binance has not publicly disclosed the details.
The crypto giant now has some explaining to do. 👀
@eBriefs
Two Binance employees were reportedly detained at airports in the United Arab Emirates amid a police investigation into possible financial crimes involving the cryptocurrency exchange.
The detentions were reported by The New York Times, citing people familiar with the matter. It remains unclear exactly what authorities are investigating, and Binance has not publicly disclosed the details.
The crypto giant now has some explaining to do. 👀
@eBriefs
🚨 Nvidia Faces Its Next Big AI Test
Nvidia is preparing to unveil its latest results, with investors watching closely to see whether its new Rubin AI chips can keep the company’s explosive growth going.
The company is expected to report around $92 billion in quarterly revenue, as investors question whether the massive AI spending boom can continue.
Nvidia has been printing money from AI. Now Wall Street wants to know if the printer still works. 👀
@eBriefs
Nvidia is preparing to unveil its latest results, with investors watching closely to see whether its new Rubin AI chips can keep the company’s explosive growth going.
The company is expected to report around $92 billion in quarterly revenue, as investors question whether the massive AI spending boom can continue.
Nvidia has been printing money from AI. Now Wall Street wants to know if the printer still works. 👀
@eBriefs
🚨 Meta Agrees to $16.7B Settlement Over Teen Safety
Meta has agreed to pay up to $16.68 billion to settle lawsuits from 29 U.S. states accusing Facebook and Instagram of harming children and making their platforms addictive.
The deal would also introduce stricter protections for young users, including daily and nighttime usage limits and stronger content restrictions. Meta denies wrongdoing.
$16.7B to settle the mess — Meta just got one very expensive notification. 💀
@eBriefs
Meta has agreed to pay up to $16.68 billion to settle lawsuits from 29 U.S. states accusing Facebook and Instagram of harming children and making their platforms addictive.
The deal would also introduce stricter protections for young users, including daily and nighttime usage limits and stronger content restrictions. Meta denies wrongdoing.
$16.7B to settle the mess — Meta just got one very expensive notification. 💀
@eBriefs
🚨 Hackers Used AI Coding Tool to Break Into 7 Companies
Russian-speaking cybercriminals reportedly used Cursor, an AI coding assistant, to help hack a Belgian chemical company and at least six other companies earlier this year.
The attackers reportedly used the AI tool to automate parts of their attacks, showing how AI coding tools can be turned into weapons by cybercriminals.
AI was supposed to help write code. These guys gave it a much darker job description. 💀
@eBriefs
Russian-speaking cybercriminals reportedly used Cursor, an AI coding assistant, to help hack a Belgian chemical company and at least six other companies earlier this year.
The attackers reportedly used the AI tool to automate parts of their attacks, showing how AI coding tools can be turned into weapons by cybercriminals.
AI was supposed to help write code. These guys gave it a much darker job description. 💀
@eBriefs
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🚨 Judge Blocks Pentagon From Blacklisting Anthropic
A U.S. federal judge has temporarily blocked the Pentagon from blacklisting Anthropic, the company behind Claude, after the Pentagon labeled it a national-security supply-chain risk.
The dispute began after Anthropic refused to allow its AI models to be used for mass surveillance or autonomous weapons. The judge ruled that the Pentagon’s actions were “illegal and baseless.”
The Pentagon tried to blacklist Claude. The court basically said: “Not so fast.” 👀
@eBriefs
A U.S. federal judge has temporarily blocked the Pentagon from blacklisting Anthropic, the company behind Claude, after the Pentagon labeled it a national-security supply-chain risk.
The dispute began after Anthropic refused to allow its AI models to be used for mass surveillance or autonomous weapons. The judge ruled that the Pentagon’s actions were “illegal and baseless.”
The Pentagon tried to blacklist Claude. The court basically said: “Not so fast.” 👀
@eBriefs
🚨 Solana Passes Major Tokenomics Vote
Solana validators have narrowly approved a proposal to double the network’s disinflation rate, changing how quickly SOL’s token supply growth will decrease over time.
The vote reportedly passed by just a small margin, making it one of the more significant recent changes to Solana’s monetary policy.
Solana just changed the rules of its money printer — and barely got the votes to do it. 👀
@eBriefs
Solana validators have narrowly approved a proposal to double the network’s disinflation rate, changing how quickly SOL’s token supply growth will decrease over time.
The vote reportedly passed by just a small margin, making it one of the more significant recent changes to Solana’s monetary policy.
Solana just changed the rules of its money printer — and barely got the votes to do it. 👀
@eBriefs
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JUST IN: 🇷🇺🇺🇦🇺🇸 Russia says it hopes U.S.-mediated peace talks with Ukraine will resume soon, with the Kremlin citing continued communication with Washington and renewed diplomatic efforts.
🇷🇺🇺🇦 Major differences remain, particularly over Russia’s territorial demands, which Kyiv rejects.
@eBriefs
🇷🇺🇺🇦 Major differences remain, particularly over Russia’s territorial demands, which Kyiv rejects.
@eBriefs
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