Taylor Thomson, wealthy heir of the giant media empire Thomson Reuters,is locked in a high-stakes legal battle with her former best friend, Ashley Richardson, after losing more than $80 million in cryptocurrency investments.

Malaysia’s YTL Group and Singapore’s Sea Limited have launched Ryt Bank, described as the world’s first AI-powered digital bank. It offers daily savings interest, PayLater credit, and cashback rewards, with deposits insured under Malaysia’s banking rules.

According to Cointelegraph, venture capitalist Tim Draper, a founding partner of Draper Associates, believes that altcoins could enhance Bitcoin by serving as testing grounds for upgrades. In an interview on CNBC’s Squawk Box, Draper emphasized that the emergence of various cryptocurrencies over time will contribute to Bitcoin's growing dominance. He noted that competition benefits the global market, highlighting Bitcoin's increasing market share, which has risen from 40% during its initial boom to around 61-62% currently. Draper explained that the dominant supplier tends to build the strongest network, attracting developers to program for it. Draper drew parallels between Bitcoin and Microsoft, noting that when Microsoft first emerged, most developers built on its platform, although some applications were initially created elsewhere before being ported. Microsoft remains a leading tech giant, with its Windows operating system holding over 71% of the market share. Draper observed a similar trend with Bitcoin, where smaller cryptocurrencies experiment with new ideas, which are eventually integrated into Bitcoin, creating a gravitational pull toward it. Despite the emergence of other currencies, Draper believes the overall trend favors Bitcoin. However, data from Electric Capital presents a different perspective, showing only 2,583 developers working on Bitcoin compared to 12,931 on the EVM stack and 9,094 on Ethereum. Draper reiterated his view of Bitcoin as a hedge against poor governance and excessive government spending. He criticized the uncontrolled rise in government spending as a percentage of GDP over the past century, with the U.S. national debt escalating from $395 billion in 1924 to over $37.2 trillion in 2025. Draper argued that Bitcoin serves as a hedge against such spending, offering an alternative to traditional assets like gold. Draper also maintained his prediction that Bitcoin could reach $250,000, potentially rendering the US dollar obsolete, although he acknowledged that this has not yet materialized. He expressed excitement about Bitcoin reaching halfway to his target, recalling his accurate prediction of Bitcoin hitting $10,000 in 2017. Draper had made a fresh prediction of $250,000 by the end of 2022, driven by the success of his earlier forecast. Bitcoin achieved a new all-time high of $124,450 on August 14 but has since decreased by 11.8% to approximately $109,144, according to CoinGecko.

According to BlockBeats, on-chain analyst Yu Jin has reported that four major cryptocurrency traders, including James Wynn, @qwatio, AguilaTrades, and a group known for aggressive ETH long positions, have seen their profits plummet. These traders initially achieved a combined profit of up to $197.7 million through a strategy of rolling profits. The traders shared a similar approach, characterized by aggressive rolling profit tactics, which initially led to substantial gains. However, they have now experienced a reversal, with all profits being wiped out and even incurring losses on their principal investments. This development highlights the risks associated with aggressive trading strategies in the volatile cryptocurrency market, where substantial gains can quickly turn into significant losses.

According to BlockBeats, Federal Reserve Governor Cook stated that U.S. President Donald Trump does not have the authority to dismiss him. Cook affirmed his commitment to continue fulfilling his responsibilities.

According to BlockBeats, Stephen Harmalik, Chief Economist at Economics Unchained, has expressed concerns about attempts to undermine the independence of central banks, a cornerstone of the global financial system since the early 1990s. Harmalik highlighted that if Federal Reserve Governor Cook is dismissed and a new governor is appointed directly under the U.S. President Donald Trump's directive, it could unsettle financial markets. Such a move might lead to an increase in bond yields, which are crucial for managing U.S. government debt.

According to BlockBeats, Chris Burniske, former head of crypto at Ark Invest and current partner at Placeholder VC, commented on the recent market downturn. He suggested that this decline appears to be the last significant challenge before the current cycle reaches its final stage.

According to Foresight News, Monex Group Chairman Oki Matsumoto shared insights at WebX Asia 2025, forecasting that most financial transactions will be conducted on blockchain platforms in the future. He likened this shift to the digitization of paper securities, suggesting that everything will eventually be tokenized. Matsumoto also commented on Japan's regulatory environment, noting that in the era of artificial intelligence, global access to services has become easier, highlighting Japan's outdated regulatory framework. He emphasized the urgent need for Japan to establish a regulatory environment comparable to the world's leading countries to protect consumers and foster industry growth.

President Donald Trump has fired Federal Reserve Governor Lisa Cook, an action he announced Monday in a letter posted on his Truth Social account. The letter, citing authority under Article II of the Constitution and the Federal Reserve Act of 1913, declared her removal from the Board of Governors effective immediately. This is the first […] source: https://www.cryptopolitan.com/trump-fires-fed-governor-lisa-cook/

The bold prediction is anchored in the cryptocurrency’s fixed 21 million supply cap and its accessibility as a global monetary […] The post Michael Saylor Drops Bold Prediction for Bitcoin’s Future appeared first on Coindoo. source: https://coindoo.com/michael-saylor-drops-bold-prediction-for-bitcoins-future/

Ethereum has achieved a new milestone by surpassing its previous all-time high set in 2021, climbing above $4,900 before a slight correction. At the time of writing, ETH trades around $4,655, representing an 8. 2% gain over the past week. This rally comes after three years of consolidation below its former peak, marking a significant moment for the second-largest cryptocurrency by market capitalization source: https://www.newsbtc.com/news/ethereum/ethereums-all-time-high-sparks-short-squeeze-season-what-comes-next/

Gas prices just jumped across the Midwest after the Whiting refinery in Indiana, the largest inland crude facility in the U. S. , shut down key units last Tuesday. The outage came after days of heavy rainfall and flash flooding in the area. The impact? Drivers in Michigan, Ohio, and Wisconsin started this week staring at pump […] source: https://www.cryptopolitan.com/gas-prices-surge-in-midwest/

AI 让电力成为“第一性变量”，crypto和稳定币只是把这条物理变量直接连到货币系统上；谁能最有效地组织电与算，谁就更有资格定义下一代的货币接口。

特朗普掌控美联储的“三步法”正推进：换掉鲍威尔、掌控理事会、开掉地方联储主席。若顺利开除库克，特朗普可能获得四个席位，在美联储七人理事会中占多数。

美联储降息是经济周期的转折点，其后果远超表面。基于历史和当前数据，股市长期向好，金银比特币受益，债券和消费者利率下降，但通胀风险上升。

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你手中的资产，无论是一串代码还是一块水泥地，其价值究竟是什么？是它当下的所有权，还是它未来的无限可能？

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从技术角度对稳定币的演化机制和实现路径进行了系统阐述。

今日晚间推荐阅读：1.Coinbase CEO惊人预测；2.以太坊创历史新高：美联储为何点燃导火索；3.香港稳定币是交付工具 不存在炒作机会；