Day: January 28, 2026

OpenAI considers World’s eye scanning identity tech for new social platform as token jumps 25%

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OpenAI is developing a social network that could use biometric verification tools such as Apple Face ID or World’s iris-scanning Orb to ensure users are real people rather than bots, according to a Forbes report. The project remains in early development, built by an internal team of fewer than ten people. Sources familiar with the effort described the platform as “real humans only” network, positioning OpenAI against bot-driven engagement that has plagued platforms such as X. The proposed identity checks would rely on proof-of-personhood systems including World’s Orb, which creates…

White House Convenes Banks and Crypto Companies Amid CLARITY Act Deadlock

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Officials in the administration of US President Donald Trump are reportedly set to sit down with executives from the banking and cryptocurrency industries on Monday as lawmakers attempt to revive the stalled CLARITY Act. People familiar with the matter told Reuters the meeting will be hosted by the White House’s crypto council and will bring together industry trade groups to discuss how the bill treats interest and other rewards offered on dollar-pegged stablecoins. The legislation has been held up in the Senate for months, with a scheduled Banking Committee vote…

Meta stock jumps 10% after earnings beat and massive AI spending plan

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Meta shares jumped 10% in post-market trading on Wednesday after the company reported stronger-than-expected fourth-quarter earnings and outlined plans to sharply increase spending on artificial intelligence infrastructure. Meta reported fourth quarter revenue of $59.89 billion up 24% year over year and net income of $22.77 billion up 9%. Earnings came in at $8.88 per diluted share for the quarter. Both revenue and profit marked quarterly records for the company. Meta said it plans to increase capital expenditures in 2026 to between $115 billion and $135 billion, compared with $72.2 billion…

Ripple Enters Corporate Treasury Market with GTreasury-based Platform

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Ripple has expanded its push into enterprise finance with the launch of a corporate treasury platform that combines traditional cash management tools with digital asset infrastructure. According to a blog post on Tuesday, the platform combines GTreasury’s treasury management software with Ripple’s blockchain and stablecoin rails, allowing companies to manage cash, payments and liquidity from a single system while maintaining existing controls and workflows. Ripple said the platform is designed to address common treasury pain points such as multi-day settlement cycles and limited visibility across accounts, using digital asset infrastructure…

White House to lead talks on digital asset legislation with banks and crypto firms

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The White House will convene talks next week with executives from major banks and crypto companies to discuss the path forward for US digital asset legislation, according to a Reuters report. The discussions will center on how the Clarity Act treats interest and other rewards offered on customer holdings of dollar-pegged stablecoins. The Clarity Act aims to establish federal rules for digital assets following years of industry lobbying for clearer regulation. Crypto firms argue that offering rewards such as interest is critical for attracting and retaining users, and that restricting…

Fed Pauses Rates as Weak Dollar Shapes Bitcoin, Crypto Outlook

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The US Federal Reserve voted to leave interest rates unchanged on Wednesday, a decision that was widely anticipated by investors. While the move signals a pause for now, market commentators suggest a path toward monetary easing could still emerge indirectly. Members of the Federal Open Market Committee (FOMC) voted to hold the federal funds rate steady for the first time since July, keeping it in a range of 3.5% to 3.75%, while cautioning that inflation remains “somewhat elevated.” Notably, two Fed officials dissented, voting in favor of an additional 25-basis-point…

Coinbase Launches Prediction Markets in all 50 US States via Kalshi

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More than a month after announcing plans to move deeper into prediction markets, Coinbase said it would launch its offering for ”sports, politics, culture and more.” Cryptocurrency exchange Coinbase announced the rollout of prediction markets offering in all 50 US states in partnership with Kalshi. In a Wednesday X post, Coinbase said it was offering trades on “any real-world outcomes across sports, politics, culture and more” following the launch of prediction markets. The announcement followed the exchange’s plans for onchain prediction markets in partnership with Kalshi in December.  Event contracts…

Crypto PAC Reports $193M after Donations from Ripple, Coinbase, a16z

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Crypto-backed political action committees (PACs) are gearing up for the 2026 US midterm elections, with industry-funded groups signaling plans to expand their influence as debates over digital asset regulation intensify on Capitol Hill. Fairshake, the cryptocurrency industry-backed PAC, disclosed on Wednesday holding $193 million in cash on hand ahead of this year’s US midterm elections. In an announcement shared with Cointelegraph, Fairshake spokesperson Josh Vlasto said the PAC had received $25 million from Ripple Labs and $24 million from a16z in addition to a $25 million contribution from cryptocurrency exchange…

Bitcoin Bulls Target $93.5K As Short Positions Turn Into A Magnet

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Bitcoin pulled back from its intraday highs after the US Federal Reserve declined to cut interest rates, but futures market data suggests traders may attempt to seize the short liquidity in BTC’s $93,500 range. Bitcoin (BTC) staged a quick rally to $90,600 on Wednesday, but the gains evaporated as the US Federal Reserve decision to forgo an interest rate cut was announced. Despite the whipsaw price action from Bitcoin, data shows traders eyeing a potential move to $93,500. One analyst said that the price level stands out as a key…

Federal Reserve holds rates steady as Bitcoin stalls below $90K

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The US Federal Reserve held interest rates steady on Wednesday, maintaining the target range for the federal funds rate at 3.5% to 3.75%, as policymakers pointed to solid economic growth, stabilizing labor conditions, and inflation that remains somewhat elevated. Bitcoin showed little reaction to the decision, remaining capped near $90,000. The largest crypto asset by market value has traded between $80,000 and $95,000 since mid-November, reflecting investor hesitation amid shifting monetary policy expectations. The broader crypto market has remained subdued since late last year, as investors continue to digest heightened…