Author: John Smith
Elon Musk has set an early August target for Grok 4.6 and disclosed plans for a larger Grok 4.7 model as SpaceXAI steps up its competition with OpenAI, Anthropic, and China’s Moonshot AI. Summary Grok 4.6 is scheduled for around Aug. 7, according to Musk. The upcoming model will have 1.5 trillion parameters and improved post-training. Grok 4.7 could arrive weeks later with 2.1 trillion parameters. Grok 4.5 ranked first for cybersecurity price-performance in a Vercel assessment. Grok 4.6 targets an Aug. 7 release Musk disclosed the timeline in a July 28 post on X, saying Grok 4.6 would be…
SBI Holdings has restructured a wholly owned subsidiary around the Canton Network, extending its institutional blockchain strategy beyond Ripple and the XRP Ledger. Summary SBI Digital Practice will build financial infrastructure and applications on the Canton Network. SBI said Canton connects more than 600 institutions and supports over $6 trillion in assets. The restructuring adds Canton to SBI’s work across XRP Ledger, Solana, stablecoins, and tokenized securities. Canton’s link to tokenized U.S. Treasuries gives the Japanese expansion a direct U.S. market connection. SBI creates dedicated Canton Network business SBI Holdings announced on July 28 that SBI Security Solutions had changed…
AmericanFortress has proposed a post-quantum security scheme designed to protect existing Bitcoin, Ethereum, and Solana wallet addresses without requiring holders to move funds or rotate their keys. Summary ZK-PoSP keeps existing wallet addresses while replacing conventional transaction authorization with zero-knowledge proofs. AmericanFortress says the scheme requires no fund migration, key rotation, or new address format. The approach remains a proposal and would require node-level upgrades before any blockchain could enforce it. Its post-quantum security remains conjectural, according to the technical paper, rather than proven against a working attack. ZK-PoSP uses wallet seeds to authorize transactions AmericanFortress released the technical paper…
Solana price fell about 5% from its July 27 high near $77 to $73 on July 28 as a break below short-term support triggered long liquidations. Summary SOL price dropped from roughly $77 to $73 after failing to sustain its latest recovery. Price has fallen below the $75 major pivot and remains inside a descending channel. The 4-hour RSI has declined to 35.57, showing weakening momentum without reaching oversold territory. Liquidation clusters near $72.50 and $74 could increase volatility around the current price. Solana price drops back toward $73 According to data from crypto.news, Solana (SOL) price traded near $73.20…
Ethereum price fell 5% from $1,973 to $1,873 on July 28 after another rejection below $2,000 triggered forced selling and pushed ETH into a key technical support zone. Ethereum price dropped below $1,900 after buyers failed to break the $1,975–$2,000 resistance zone. Leveraged positions accelerated the decline as ETH moved through several long-liquidation clusters. ETH is testing the lower boundary of a rising wedge near $1,870 on the 4-hour chart. The next large concentration of downside liquidity sits around $1,840–$1,850. Ethereum price falls below $1,900 after $2,000 rejection According to data from crypto.news, Ethereum (ETH) price traded near $1,875 at…
South Korean police have searched the home of former Incheon Mayor Yoo Jeong-bok and city offices as part of an investigation into allegations that cryptocurrency assets were omitted from his local election financial disclosure. Summary South Korean police searched former Incheon Mayor Yoo Jeong bok’s home and city offices over alleged cryptocurrency disclosure violations. Investigators are examining claims that about 21,000 crypto tokens were left out of mandatory election asset filings. Election authorities previously said Yoo’s reported assets were about 78 million won lower than his actual holdings. Police have questioned Yoo, his wife and other people linked to the…
Pennsylvania lawmakers have introduced a bipartisan bill that has proposed insider-trading rules for prediction markets while preventing sportsbooks and other gambling companies from supplying liquidity or acting as market makers for those platforms. Summary Pennsylvania lawmakers have introduced a bipartisan bill that would bar gambling companies from acting as liquidity providers or market makers for prediction markets. The proposal would also add insider trading rules, consumer protections, and age restrictions without creating a state licensing system. A separate Pennsylvania bill would require prediction market operators to obtain state licenses and pay a 22% tax on revenue. The legislation comes as…
Kraken parent Payward entered a definitive agreement on July 27 to acquire Magic Labs’ wallet-as-a-service business through an asset purchase. Summary Payward will acquire Magic Labs’ wallet business, adding infrastructure that has powered 60 million wallets. The wallet platform processed over $10 billion in stablecoin volume for more than 200,000 developers. Newton Labs will focus on pre-settlement policy checks after the transaction closes in coming weeks. The financial terms were not disclosed, and the companies expect the transaction to close within several weeks, subject to customary closing conditions. The deal covers Magic’s embedded, non-custodial wallet infrastructure rather than the entire…
Cantor Fitzgerald is advising Swiss digital asset lender AMINA Bank on a possible public listing as the Wall Street firm expands its role in crypto capital markets. Summary AMINA Bank is considering a public listing, although its valuation and preferred exchange remain undisclosed. Cantor’s mandate follows its onchain IPO partnership with Securitize, announced earlier in July. AMINA recorded 69% revenue growth in 2024 and holds regulatory approvals in Switzerland and Europe. Cantor is also reportedly pursuing a separate deal involving up to 30,000 Bitcoin from Blockstream. AMINA Bank considers a public listing According to reports, Cantor Fitzgerald is advising AMINA…
New York Attorney General Letitia James has urged Congress to revise the CLARITY Act, warning that the crypto market structure bill could restrict states from prosecuting fraud and enforcing investor protection laws. Summary James said the bill could preempt state investor protection laws and weaken local enforcement. State and local authorities account for about 98.8% of arrests nationwide, according to her testimony. Senate Republicans need 60 votes to advance the legislation through the cloture process. Banking, ethics and enforcement disputes remain unresolved before the Senate’s August recess. James challenges the CLARITY Act’s enforcement rules James raised the concerns in written…