Key Takeaways Bitcoin surged above $116,000 following Federal Reserve Chair Powell’s signal of possible rate cuts. Powell emphasized a data-driven approach to monetary policy, citing resilience in the economy and ongoing inflation concerns. Share this article Bitcoin climbed over 3% on Friday to trade above $116,000 as optimism in crypto markets picked up after Federal Reserve Chair Jerome Powell gave a cautious signal that the central bank could move toward lowering interest rates.Speaking at the Fed’s Jackson Hole event, Powell noted that inflation is still “somewhat elevated” but has eased substantially from post-pandemic highs.The Fed is facing a delicate balance,…
Author: admin
Iris Coleman Aug 22, 2025 09:39 RIKEN partners with Fujitsu and NVIDIA to develop FugakuNEXT, a cutting-edge supercomputer to enhance Japan’s scientific research and innovation capabilities. Japan’s prominent research institute, RIKEN, has announced a collaboration with technology giants Fujitsu and NVIDIA to develop FugakuNEXT, a state-of-the-art supercomputer. This initiative is not merely focused on speed but is aimed at addressing Japan’s crucial scientific challenges, according to a report from NVIDIA. Collaboration for Advanced Computing The FugakuNEXT International Initiative Launch Ceremony, held in Tokyo on August 22, 2025, marked the beginning of this ambitious…
Key Takeaways Philippines legislators propose a bill for the central bank to purchase 2,000 Bitcoin annually, building a 10,000 Bitcoin reserve over five years. The reserve would be held for at least 20 years, with BTC sales permitted only to retire government debt. Share this article Miguel Luis “Migz” Villafuerte, a Filipino congressman known for becoming the country’s youngest elected governor, has filed a proposal that would require the central bank to steadily accumulate Bitcoin as part of the Philippines’ sovereign reserves.The measure, filed as House Bill 421, would direct the Bangko Sentral ng Pilipinas (BSP), the Philippines’ central bank,…
Timothy Morano Aug 22, 2025 10:04 Bitwise Investments unveils its long-term market assumptions for Bitcoin, covering price, volatility, and correlations through 2035. Bitwise Investments, a prominent player in the crypto asset management sector, has released its long-term capital market assumptions for Bitcoin (BTC), extending projections through the year 2035. This comprehensive report provides insights into expected price trends, volatility, and correlations within the cryptocurrency market, according to Bitwise Investments. Price and Volatility Forecasts The report outlines Bitwise’s expectations regarding Bitcoin’s price trajectory over the next decade. With the increasing institutional adoption and regulatory…
To build a large-scale quantum computer that works, scientists and engineers need to overcome the spontaneous errors that quantum bits, or qubits, create as they operate. Scientists encode these building blocks of quantum information to suppress errors in other qubits so that a minority can operate in a way that produces useful outcomes. As the number of useful (or logical) qubits grows, the number of physical qubits required grows even further. As this scales up, the sheer number of qubits needed to create a useful quantum machine becomes an engineering nightmare. Now, for the first time, quantum scientists at the…
Key Takeaways Ripple and SBI Holdings, together with SBI VC Trade, have signed a memorandum of understanding to distribute Ripple’s US dollar-backed stablecoin in Japan. The stablecoin has grown to a $666 million market cap, according to CoinGecko. Share this article Ripple and SBI Holdings, Japan’s financial conglomerate, are deepening their long-standing partnership with a new memorandum of understanding that paves the way for the distribution of RLUSD, Ripple’s flagship stablecoin, in Japan, according to a Friday announcement. The $300B stablecoin market is set to grow into the trillions. Together with @sbivc_official, we’re bringing $RLUSD to Japan in early 2026,…
Jessie A Ellis Aug 22, 2025 09:11 Sui Foundation introduces SuiHub Taipei, aiming to boost blockchain development in Asia’s tech ecosystem with a focus on digital ownership, gaming, and community initiatives. Sui Foundation has announced the opening of SuiHub Taipei, a strategic addition to its global network of community hubs dedicated to fostering blockchain and hardware innovation. Taipei is the fifth city to join this expanding network, following the establishment of hubs in Dubai, Ho Chi Minh City, Athens, and Lagos, according to Sui Foundation. The introduction of SuiHub Taipei underscores the foundation’s…
OpenAI has announced plans to open its first office in India, just days after launching a ChatGPT plan tailored for Indian users, as it looks to tap into the country’s rapidly growing AI market. On Friday, the company said it would set up a local team in India and open a corporate office in the capital, New Delhi, in the coming months. The move builds on OpenAI’s recent hiring efforts in the region. In April 2024, the company appointed former Truecaller and Meta executive Pragya Mishra as its public policy and partnerships lead in India. OpenAI also brought on former…
Key Takeaways EU officials are considering launching the digital euro on public blockchains like Ethereum and Solana. Concerns about US stablecoin dominance are driving renewed urgency for the digital euro rollout. Share this article EU officials are weighing whether to issue a digital euro on a public blockchain such as Ethereum or Solana instead of a private system, the Financial Times reported Friday, citing people familiar with the consideration. Until recently, the European Central Bank had been expected to pursue a private, closed system for its central bank digital currency, partly due to privacy concerns.Advocates say a public chain could…
OKB price rose 50% to hit a new all-time high of $195. The altcoin is outpacing peers as investors react to tokenomics changes. OKB is seeing traction as altcoins bid to break higher. OKB, the native token of the OKX exchange, has soared to a new all-time high of $195, with intraday gains of over 50% catapulting the altcoin to the new ATH. OKB’s price surge has also come amid a significant spike in daily volume, with market data showing the OKX token witnessed a staggering 428% uptick in 24-hour trading volume. At the time of writing, the metric hovered…