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Crypto

Changpeng Zhao to abandon public wallet after spam token cleanup sparks $30 million meme coin spike

Binance founder Changpeng Zhao (창펑 자오) plans to shut down his public wallet after an attempt to clear spam tokens triggered market confusion. Token burns from his BNB Chain wallet were read as an on-chain signal, sending the price of a near-inactive token up more than 30,000 percent and lifting its market value from $40,000 to $30 million. Zhao said he was testing the Trust Wallet app. He will donate assets to Giggle Academy and stop using the address.

Crypto

Mark Cuban says next investment boom will be AI chips, not bitcoin

Billionaire investor Mark Cuban (마크 큐반) has singled out high-performance chips for artificial intelligence as the next focus of investment mania. He wrote on X that chips could become a new crypto-like asset class. Cuban referred to high-performance GPUs used to run AI and said computing hardware could stand as an independent investment asset class as AI growth changes perceptions of chips. Crypto figures pushed back, and Cuban’s views on bitcoin have shifted repeatedly over time.

Crypto

Review of U.S. CLARITY Act finds bitcoin bull case overstated

A sweeping rewrite of the U.S. crypto regulation bill known as the CLARITY Act limits its expected impact on bitcoin, an analysis said. Contributor Isaiah Austin (이사야 오스틴) said the latest version is hard to see as a bitcoin-focused bill. Provisions would protect self-custody rights, shield non-custodial software developers and expand banks’ ability to handle digital assets. But clauses to codify bitcoin’s commodity status and ban retail CBDCs were removed, the analysis said.