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Bitcoin fell below $85,000 as over $800 million in crypto positions were liquidated amid a broader tech sell-off tied to concerns over AI-driven spending. Meanwhile, OpenAI is reportedly exploring a biometric-verified social network to combat bot activity, and the Senate Agriculture Committee has advanced a key crypto market structure bill.

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News Roundup

Artificial Intelligence

  • Clawdbot Rebrand Triggers Scam Token Frenzy and Security Fallout (Decrypt)

  • OpenAI Explores Biometric-Verified Social Network to Tackle Bots (Forbes)

  • OpenAI Launches Prism to Push ChatGPT Into Scientific Research, Stirring Privacy Concerns (Decrypt)

Decentralized, Centralized, & Traditional Finance

  • Uniswap Brings Continuous Clearing Auctions to Main App, Overhauling Token Launches (The Block)

  • Ondo Brings Tokenized U.S. Treasuries to Sei With USDY Launch (Sei)

  • Tokenized Stock Projects Lean on Alpaca as Brokerage Options Narrow (The Information)

  • Trump-Linked USD1 Stablecoin Tops $5B Market Cap (Decrypt)

  • UAE-Approved Dollar Stablecoin USDU Launches for Regulated Digital-Asset Settlement (The Block)

  • Dubai Insurance Launches Crypto Wallet for Premiums and Claims (CoinDesk)

  • Hyperliquid Overtakes Binance in Top-of-Book Liquidity (Shaunda Devens)

  • UK Lords Open Stablecoin Inquiry as Bank of England Nears Final Rules (Cointelegraph)

  • Crypto Custody Firm Copper Explores IPO as Wall Street Shifts Toward Infrastructure (CoinDesk)

  • Kazakhstan’s Central Bank to Add Seized Bitcoin to National Crypto Reserves (DL News)

Exchanges

  • Gemini Launches Zcash-Branded Credit Card With ZEC Rewards (Decrypt)

  • Coinbase Adds Hyperliquid (HYPE) to Asset Listing Roadmap (Coinbase Markets)

  • Upbit (and Bithumb) to List Sentient (SENT) as AI Tokens Gain Traction (Upbit)

  • Bybit to Launch “MyBank” With Personal IBANs; Rules Out In-House Prediction Markets (Bybit)

Exchange-Traded Products

Gaming

  • Brave Tests Heist-Style Social Games to Broaden Web3 Adoption (Decrypt)

Infrastructure

  • Vitalik-Backed MegaETH Set for February Mainnet Launch (DL News)

  • Augur Unveils Lituus Oracle to Curb Manipulation Across DeFi (The Defiant)

Markets

  • Optimism Tokenholders Greenlight OP Buybacks Funded by Superchain Revenue (The Defiant)

  • Worldcoin Jumps ~25% on Report OpenAI Is Weighing Biometric Identity Tech (The Defiant)

  • Bitcoin Holds Steady as Fed Pauses Rates and Powell Sidesteps Political Questions (DL News)

  • Base AI Tokens Jump as CLAWD Reignites Agent Trading Frenzy (The Defiant)

  • Fed Rate Hold Puts Spotlight on Weaker Dollar as Bitcoin Debate Intensifies (Cointelegraph)

  • Gold’s One-Day Surge Nearly Matches Bitcoin’s Entire Market Cap (Cointelegraph)

  • XRP Whale Wallets Rebound as ETF Inflows Signal Quiet Accumulation (CoinDesk)

  • Weak Dollar Lifts Gold, Not Bitcoin, as Markets Treat Crypto Like a Risk Asset (CoinDesk)

  • Bitcoin Volatility Eases Ahead of First Monthly Options Expiry of 2026 (GreeksLive)

  • Bitcoin Drops Below $85K as $803M in Crypto Positions Liquidated (CoinGlass)

  • Bitcoin Slides With Tech Stocks as AI Spending Fears Trigger Broad Sell-Off (DL News)

Politics & Regulation

  • White House Brings Banks and Crypto Firms Together to Salvage Stalled Legislation (Reuters)

  • Crypto Super PAC Fairshake Amasses $193M War Chest Ahead of Midterms (CoinDesk)

  • SEC Draws Line Between Issuer-Backed and Third-Party Tokenized Securities (SEC)

  • Australia Slaps $14M Fine on Qoin Wallet Operator for Unlicensed Crypto Activity (Decrypt)

  • U.S. Senators Question DOJ Deputy Over Alleged Crypto Conflicts of Interest (The Block)

  • UK Sets October 2027 Deadline for Sweeping Crypto Regulation (DL News)

  • South Korea Proposes 20% Ownership Cap for Crypto Exchanges (DL News)

  • Senate Agriculture Committee Advances Crypto Market Structure Bill (The Block)

Token Generation Events

  • MegaETH Ties 53% of MEGA Token Unlocks to Performance Milestones (The Block)

Treasuries

  • Strive Adds 334 Bitcoin and Pays Down Majority of Semler Deal Debt (Cointelegraph)

  • Metaplanet Lines Up $137M Raise to Expand Bitcoin Treasury and Cut Debt (Bitcoin Magazine)

Venture Capital

  • Doppler Raised $9M in Seed Round Funding Led by Pantera Capital (The Block)

  • Sony Innovation Fund Leads $13M Investment in Soneium Co-Developer Startale (The Block)

  • Robinhood Backs Talos in $45M Funding Series B Extension at $1.5B Valuation (CoinDesk)

  • Andre Cronje’s Flying Tulip Raises $75.5M More at $1B Token Valuation (The Block)

Other News

  • GameStop Fallout Pushed Firm Toward Tokenization—Critics Disagree (Decrypt)

  • Unclaimed DAO Hack Funds Reborn as Ethereum Security War Chest (The Block)

  • China Executes 11 Crime Family Members Over $1.4B Myanmar Scam Network (Decrypt)

Check This Out!

Tokenized U.S. Treasury products have grown past a $10 billion market cap.

Source: Token Terminal

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