Fed Chair Warsh delivers hawkish Jackson Hole warning on inflation
Fed Chair Kevin Warsh lifts rate hike odds at Jackson Hole, Bitcoin slips below $80,000, Bybit adds stock perp options, and ChatGPT tests locked chats.
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Crypto and AI are colliding faster than either industry expected.
GPU hardware is becoming loan collateral. Stock-like derivatives are trading on crypto rails around the clock.
Meanwhile, the Fed just reminded everyone that cheap money isn't coming back soon.
Today's stories sit at the intersection of tightening monetary policy and relentless product innovation.
Bybit launches 24/7 options trading on SpaceX and Nvidia
Bybit now lets traders buy options contracts on individual stocks without ever touching a brokerage.
The exchange is offering round-the-clock derivatives on SpaceX and Nvidia, two companies at the center of the AI boom.
Crypto platforms competing directly with traditional brokerages is no longer theoretical, it's happening.
Markets
Warsh's Jackson Hole speech sends risk assets sliding
Fed Chair Warsh warned that PCE inflation remains well above the 2% target.
He kept a September rate hike on the table, sending the dollar higher and Treasury yields climbing.
Gold and crypto both sold off during the remarks before partially stabilizing.
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BTC slipped below $79K, ETH traded near $2,490, SOL dipped below $106, and XRP fell toward $1.41.
USD.AI lands $100M Bullish facility to scale GPU-backed lending
USD.AI just secured $100M from Bullish to make loans collateralized by GPU hardware.
The chips powering AI models are now being treated like real estate or treasury bonds, assets worth borrowing against.
If this model scales, it could unlock a whole new collateral class for onchain lending.
ChatGPT may soon let users lock saved chats behind a PIN or fingerprint
OpenAI is building a feature to hide ChatGPT conversations behind biometric or PIN locks.
Code spotted in the latest Android build suggests saved chats would stay accessible but invisible from the sidebar.
As people trust AI with increasingly sensitive queries, privacy controls were overdue.
On Our Radar
Crypto tax headache: Your blockchain gains probably need an actual accountant now.*
Crypto meets plastic: Korean exchange Dunamu partners with Visa on stablecoin payments.
Meme coin crackdown: California officials can no longer pump their own digital assets.
*sponsored
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Meme of the Day
Catch you in the next one.
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