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Peter Schiff Urges Bitcoin Sell-Off, Sees 84% Price Plunge

TLDR Peter Schiff warned that Bitcoin could fall to $20,000 if it breaks below the $50,000 level. He said such a move would mark an 84% decline from Bitcoin’s all-time high. Schiff urged holders to sell Bitcoin now as he questioned the current market structure. He argued that high leverage and institutional ownership could worsen any sharp downturn. Bitcoin supporters pushed back and defended the asset’s long-term value and network strength. Peter Schiff renewed his criticism of Bitcoin and warned of a steep decline if prices fall below $50,000. He said a break of that level could push the asset toward $20,000. He urged holders to sell now and framed the risk as severe. Bitcoin Crash Warning Targets $50K Support Schiff posted his latest warning on X and pointed to weakening price action. He wrote, “If Bitcoin price breaks $50K, which looks likely, it seems highly likely it will at least test $20K.” He added that such a move would mark an 84% drop from the all-time high. He...
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Treasury’s Bessent Faces New Demands Over OCC Review of Donald Trump Crypto Firm

TLDR House Democrats asked Treasury Secretary Scott Bessent to explain safeguards that protect the OCC’s chartering process from outside influence. Lawmakers requested documentation on any involvement by the White House in the OCC review of World Liberty Financial. The inquiry focused on concerns over political ties linked to former President Donald Trump. Lawmakers cited reports of foreign investment in the company and said the issue requires increased scrutiny. The request followed prior questioning of Bessent about potential conflicts connected to Trump-affiliated crypto ventures. House Democrats advanced new pressure on Treasury Secretary Scott Bessent as they sought clarity on the OCC’s review of a national trust bank charter tied to a President Donald Trump-affiliated crypto venture, and they moved to secure answers on safeguards around foreign influence, and they pressed for documentation on any White House involvement. Lawmakers Seek Clarity on Charter Safeguards D...
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Samsung Stock: Exclusive Nvidia Vera Rubin Deal Sends Shares to Record High

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TLDR Samsung reportedly won an exclusive deal to supply HBM4 chips for the premium tier of Nvidia’s next-gen Vera Rubin AI processors. Samsung is targeting $700 per HBM4 unit — about 30% higher than the previous generation. Bloomberg Intelligence estimates that price point would deliver 50–60% operating margins for Samsung. Shares climbed as much as 5.4% on the Korea Exchange, hitting a record high. SK Hynix had priced its own HBM4 for Nvidia in the mid-$500s and may now look to raise prices. Samsung Electronics shares hit a record high after reports surfaced that it has likely secured an exclusive position supplying the premium tier of Nvidia’s next-generation AI processors. Samsung Electronics Co., Ltd. (005930.KS) The stock jumped as much as 5.4% on the Korea Exchange when trading resumed after a three-day holiday, driven by two separate reports from South Korean outlets ChosunBiz and Chosun Ilbo. According to ChosunBiz, Nvidia plans to divide HBM4 memory suppliers for ...
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Expert: Crypto Was Built for Machines, Not Humans, and AI Is Proof

TLDR: Crypto built for AI agents treats rigid code as infrastructure instead of a flaw in financial design. Legal contracts favor human judgment, while smart contracts favor machine verification and execution. AI wallets bypass legacy systems that only recognize humans and registered institutions. Self-driving wallets could replace manual interaction with automated on-chain decision systems. Crypto has long struggled with usability, security risks, and trust gaps for everyday users.  A new framework suggests those flaws reflect a deeper design choice rather than engineering failure. The argument centers on crypto built for AI agents, not for human decision-making. This shift reframes why smart contracts rely on rigid logic instead of legal judgment. Crypto Built for AI Agents Challenges Human-Centered Finance The idea gained traction after a commentary shared by Milk Road and attributed to Haseeb Qureshi, managing partner at Dragonfly . He highlighted that even crypto-native...
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Vitalik: New Ethereum Design Targets Censorship With FOCIL and EIP-8141

TLDR: FOCIL and EIP-8141 allow smart wallet and privacy transactions to reach blocks without wrappers or intermediaries. Randomized includers reduce proposer dominance and increase censorship resistance for all Ethereum transactions. Rapid inclusion within one or two slots becomes likely even under hostile network behavior. Future FOCIL expansion could support most block transactions while preserving MEV auction mechanics. Ethereum is moving closer to censorship-resistant transaction inclusion after new technical links emerged between FOCIL and EIP-8141.  The update focuses on ensuring that all transaction types reach the blockchain quickly, even under hostile network conditions. It also expands how smart accounts and privacy protocols interact with block production.  The development highlights Ethereum’s push to reduce proposer power while keeping network incentives intact. How FOCIL and EIP-8141 Enable Direct Transaction Inclusion According to a post shared by CEO Vitali...
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Mike McGlone Adjusts Bitcoin Price Target to $28,000 After Backlash

TLDR Mike McGlone adjusted his Bitcoin price forecast from $10,000 to $28,000 following significant backlash on social media. McGlone had originally warned that Bitcoin could drop to $10,000 if U.S. equities peaked and a recession followed. The revised forecast of $28,000 is based on historical price distribution and fewer negative factors needed to reach that level. Analysts like Jason Fernandes criticized McGlone’s initial prediction, calling it alarmist and unrealistic. Mati Greenspan acknowledged the possibility of a $28,000 Bitcoin price but remained skeptical of its likelihood in the current market. Bloomberg Intelligence’s Mike McGlone recently adjusted his bitcoin price forecast, raising his downside target to $28,000. This shift followed criticism after his initial prediction of a potential $10,000 Bitcoin price was widely questioned on social media. McGlone’s revised stance comes after market experts accused him of issuing alarmist forecasts that could negatively i...
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ProShares Debuts Stablecoin-Ready ETF Compliant with GENIUS Act

TLDR ProShares launched the GENIUS Money Market ETF (IQMM), designed to support stablecoin issuers with liquid, short-term U.S. government securities. The ETF is structured to comply with the GENIUS Act, which mandates stablecoin issuers to back their tokens with safe, liquid assets. IQMM focuses on cash and Treasury bills with maturities of 93 days or less, ensuring liquidity for stablecoin issuers. The GENIUS Act, signed into law in July, requires stablecoins to be backed 1:1 by assets that are easily convertible to cash. The launch of the ETF comes as the stablecoin market approaches $300 billion, with projections for significant growth in the coming years. ProShares introduced the GENIUS Money Market ETF (IQMM) on Thursday, a product designed for the growing stablecoin market. This fund aims to support stablecoin issuers by investing in highly liquid assets that meet the requirements of the GENIUS Act. The move comes as the stablecoin sector is projected to grow significa...
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