🔥 BIG: Stripe, Visa, Mastercard, and Coinbase are forming a consortium to launch a new stablecoin to rival Circle and Tether, per The Information.

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🚨 JUST IN: Elon Musk says, “We are gradually widening the availability of X Money.”

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⚡️ NOW: Arthur Hayes dumps his entire $HYPE and $NEAR positions, citing rising energy prices, upcoming AI mega IPOs, and expecting market highs to peak before September.

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⚡️ JUST IN: Coinbase is launching pre-IPO perpetual futures, starting with SpaceX.

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🚨 INSIGHT: The recent ~$4 billion in Bitcoin ETF outflows reflects capital rotating into AI investments, not weakening Bitcoin fundamentals.

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🔥 BIG: Apple is preparing to launch a new Siri in September, reportedly with support from Google and Nvidia.

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🚨 JUST IN: JPMorgan, Citi, and major US banks plan to launch a tokenized deposit network next year to fend off growing competition from stablecoins and crypto firms.

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🚨 LATEST: Claude maker Anthropic is calling for a global pause in AI development, warning that models are approaching the ability to self-improve without human intervention.

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🇺🇸 JUST IN: A key US House committee is preparing to drop crypto tax legislation as early as Friday, Bloomberg reports.

The bills will cover staking, mining rewards, and aim to bring digital assets in line with traditional securities tax rules.

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