Bitcoin dips to $78.4K as Feds Warsh downplays softer inflation prints

Bitcoin (BTC) saw volatility after Friday‘s Wall Street open as markets reacted to US Federal Reserve chair Kevin Warsh’s comments on future monetary policy.  Key points:Bitcoin initially fell during Fed chair Kevin Warshs Jackson Hole keynote speech before circling $79,500.Warsh said he sees no trend change in inflation despite recent lower PCE and CPI prints.BTC price action sustaining above $83,000 hinges on Bitcoin derivatives traders, analysis says.  Warsh: Inflation trends have not “meaningfully improved”  Data from TradingView showed BTC/USD dipping to $78,442 on Bitstamp in volatile trading conditions, down around 1% at the time of writing.  BTC/USD one-hour chart. Source: Cointelegraph/TradingView  In his first keynote speech at the annual Jackson Hole Symposium, Warsh delivered a cautionary tone on inflation, committing to the Feds 2% target. The Fed chair doubled down on an earlier pledge to reduce the scope of hints over future policy that the Fed offers to markets, avoiding forward guidance altogether and stating that it would not make a reappearance in the future.  “Forward guidance as a regular practice was adopted by my colleagues and me during the Global Financial Crisis. It was essential at the time, and we introduced it with much fanfare. But, as with other legacies of crises past, I believe

08-29انڈسٹری

Chelsea FC gets a stablecoin sponsor after UK FCA warning to clubs

Circle, the issuer behind the USDC stablecoin, will be the latest sponsor for the Chelsea Football Club just months after the UKs financial watchdog warned about “questionable sponsorship deals with unauthorized financial firms,” including crypto companies.  In a Friday announcement, Circle said its name and USDC would appear on jerseys for Chelsea FC players in the 2026/2027 season. The partnership deal between the football club and the digital asset company came about three months after the UKs Financial Conduct Authority (FCA) said it had sent warning letters to clubs in the Premier League, potentially including Chelsea.  The letters concerned “unauthorized” companies, including crypto businesses, using sponsorship deals to target football fans, potentially breaching UK financial services laws.  “Millions of football fans trust their club‘s badge,” said Lucy Castledine, the FCA’s director of consumer investments. “Clubs should not let unauthorised financial firms exploit that loyalty by putting potentially dodgy products in front of millions of fans.”  Circle UK Trading Limited, the companys UK arm, has been listed as a company authorized under the FCA to provide certain financial services to residents since 2018. Stablecoins like USDC are also legal to use in the country, though lawmakers are working to establish a comprehensive regulatory framework for

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US Cities Eye AI Data Center Limits as Study Flags Water Risks

In briefCities in Texas, North Carolina, Kentucky, and New Jersey have pursued bans or moratoriums on data centers.Power plants serving data centers in seven states withdraw about 3.4 trillion gallons of freshwater annually.At least 75 proposed projects worth about $130 billion faced local opposition in early 2026.  Cities across the U.S. are restricting AI data center development as communities raise concerns about water supplies, electricity costs, and land use.  Austin, Texas, became the latest city to act Thursday, when its City Council voted unanimously to begin drafting rules that could restrict or exclude new data centers.  Myriad: How many days will Claude go down? Click to make your prediction.  The vote followed a Ceres study examining water withdrawn by power plants serving data centers in Virginia, Texas, California, Illinois, Georgia, Ohio, and Arizona. The seven states host about half of the nations data centers.  Those plants withdraw about 3.4 trillion gallons of freshwater annually, equal to 10.4 million acre-feet. That exceeds Californias average annual urban water demand of 8 million acre-feet and is about 12 times the combined annual water use of Los Angeles, Phoenix, and Washington, D.C., according to the study.  “Overall, we saw that 66% of the power plants that use water in those

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After selling all its Bitcoin to pay off debt, AI firm tries to rebuild $827 million treasury from scratch

Genius Group, an AI-powered education company that previously used Bitcoin as a treasury asset, has proposed a $12.5 million perpetual preferred offering to restart a Bitcoin treasury it says should reach $827 million by fiscal 2031. The opening raise would cover just 1.51% of that target, leaving at least $814.5 million still to finance before any non-Bitcoin allocations.  Related Asset Bitcoin #1 BTC · $77,485.44 24-hour change: down 3.20% 24H Down 3.20% 7D Up 0.71% 30D Up 20.32%  Even that comparison overstates how much of the first raise could reach Bitcoin. Genius said the proceeds would be divided among its Bitcoin treasury, an AI portfolio and a dollar reserve equal to about 18 months of preferred dividends. The company has not set the dividend rate or allocation percentages, so the initial Bitcoin purchase cannot yet be calculated.  Genius Group Bitcoin plan: What the first raise would fund  Genius expects the proposed security to be non-convertible and to pay a variable rate monthly. But Genius has not determined the issue price, final size, timing, structure or exchange listing. Those terms remain subject to board approval, securities rules and market conditions.  Because the instrument would not dilute common shares at issuance, the risk shifts to preferred-stock obligations.

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CLARITY Act is a national security bill, former US defense secretary says

Former U.S. Defense Secretary Mark Esper has urged the Senate to pass the CLARITY Act before its Sept. 15 procedural vote, arguing that delayed crypto rules could weaken U.S. financial and national security.  SummaryMark Esper said regulated U.S. crypto markets would improve oversight of digital asset transactions.The Senates Sept. 15 cloture vote requires 60 votes to advance the bill.House lawmakers approved the CLARITY Act by a 294–134 vote in July 2025.Stablecoin rewards, political ethics, and decentralized finance remain central points of dispute.  The Financial Times published Espers policy argument on Aug. 7, with the former defense secretary describing the Digital Asset Market Clarity Act as “not merely a financial services bill” but also a “national security bill.”  Esper, who led the Pentagon from 2019 to 2020, said U.S. power relies partly on the dollar and the payment networks that carry it around the world. Clear rules for digital assets, he argued, would help preserve Washingtons view into financial activity while supporting sanctions enforcement.  When crypto companies and transactions move through offshore venues with weaker controls, Esper said U.S. agencies lose some of their ability to follow funds and act against illicit networks. He also warned that delays in Washington give China more time to

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BTC Rejects $81,500 as Whales Build Massive Sell Wall at $81K

Bitcoin briefly rallied to $81,500 before pulling back below $79,300, failing to hold the critical $80,000 support level for the second time in a week.  Key TakeawaysBitcoin fell below $77K following Fed Chair Warshs speech, wiping out $300M in crypto liquidations.Heavy sell walls and a $5.7B downward liquidity skew leave Bitcoin vulnerable to deeper pullbacks.Fed Chair Warsh rejected forward guidance over inflation risks, weakening immediate spot market demand.  Bitcoin Loses Steam Ahead of Fed Chair Speech  Bitcoin lost momentum soon after breaching $81,000, as markets awaited Federal Reserve Chair Kevin Warshs inaugural Jackson Hole speech. The price slid shortly after hitting this key resistance level for the second time this week, echoing the Aug. 25 pullback when the cryptocurrency topped $80,000 for the first time in more than three months.  Market data shows bitcoin peaked at $81,455 shortly after 9:30 p.m. Thursday, briefly shrugging off bearish pressure that had been building since Tuesday. A sharp sell-off followed, erasing gains from Aug. 27 as the asset tumbled to a session low of $78,442 around 10:15 a.m. However, just over an hour after Warshs address, bitcoin fell to a new low of $76,877 before quickly reclaiming $77,000 and testing $78,000.  The retreat trimmed bitcoins weekly gain to

08-29انڈسٹری

Warshs Jackson Hole speech puts rate hike on the table

Federal Reserve Chair Kevin Warsh has put another interest-rate increase on the table after saying inflation remains well above the Feds 2% target, sending Bitcoin below $80,000 as traders raised their rate-hike bets.  SummaryWarsh said 12-month PCE inflation stands at 3.7%, while the six-month rate has reached 4.1%.Bitcoin fell nearly 2% to about $79,200 after trading above $80,000 earlier in the day.Polymarket traders raised the probability of a 2026 rate hike to 68% after the speech.Nansen analysts said a hawkish message could pressure crowded Bitcoin longs after a $6.4 billion options expiry.  Warsh says inflation must return to 2% faster  The Federal Reserves published remarks show that Warsh made price stability the central focus of his first Jackson Hole keynote as chair, describing the 2% PCE inflation goal as a “firm, fixed target.”  Warsh said the Feds preferred measure, the 12-month change in the Personal Consumption Expenditures price index, stands at 3.7%. The six-month change has reached 4.1%, while comparable headline and core Consumer Price Index readings also remain elevated.  “So the Feds predominant focus right now should be on prices,” Warsh said.  Although the summer PCE and CPI reports came in better than expected, Warsh said the releases did not show that underlying inflation trends

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Ripple moves to shrink XRP Ledger attack surface as AI audit tests lending push

Ripple is moving to shrink the XRP Ledgers (XRPL) attack surface as it prepares to expand native lending.  Related Company Ripple Financial technology and enterprise blockchain company  The company has recommended removing more than 10,000 lines of unused XChainBridge code while Lending Protocol V1.1 undergoes an AI-only security review through Sherlocks Audit Engine.  The parallel efforts come as crypto platforms face renewed pressure to strengthen their defenses. More than $1.31 billion was lost across 344 security incidents in the first half of 2026, with code vulnerabilities remaining the industrys most common attack category.  Axelar leaves Ripple with 10,000 lines it no longer wants  The original case for keeping XChainBridge (XLS-38) weakened after Ripple turned to Axelar for the XRPL EVM Sidechain and broader demand for the native bridge failed to materialize.  XLS-38 was designed to let assets move between XRPL and connected sidechains through witness servers that observe transactions and attest to activity across networks. The architecture was intended to support private, permissioned, and experimental sidechains, while also providing a bridge between XRPL mainnet and the EVM Sidechain.  Ripple ultimately chose Axelar for the EVM Sidechain after evaluating security, user experience, decentralization, and the operational demands of maintaining a bridge.  The company said the XLS-38 witness model carried

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Bullish provides USD.AI $100M stablecoin facility for GPU-backed lending

Institutional crypto exchange operator Bullish has provided USD.AI with a $100 million stablecoin-based debt facility to finance loans secured by GPU infrastructure, the companies announced Friday.  USD.AI will use the facility to lend to AI infrastructure operators, with the loans secured by the underlying GPU hardware rather than the borrowers broader corporate assets.  USD.AI is an onchain financing platform developed by Permian Labs that provides financing backed by AI computing hardware, connecting stablecoin liquidity with demand for GPU infrastructure financing.  Bullish said it plans to list USD.AIs sUSDai across multiple trading pairs and support the token with a dedicated market-making program, which it expects to improve secondary liquidity and price discovery for GPU-backed debt.  The facility adds to USD.AIs growing GPU financing business. In June, it announced a $98.1 million loan backed by 2,304 Nvidia B300 GPUs, while a $34 million loan backed by 768 Nvidia B200 GPUs was fully funded.  The deal also builds on Bullish Capitals $4 million investment in USD.AI in September 2025.  Bullish went public on the New York Stock Exchange in August 2025, raising about $1.03 billion after pricing its initial public offering at $37 per share. The stock opened at $90 on its first day of trading.  The companys shares remain

08-29انڈسٹری

Fed Chair Warsh Calls AI a 'Hinge Point in History'—4 Key Things He Said

In briefFed Chair Kevin Warsh dedicated a full section of his Jackson Hole keynote to artificial intelligence, calling the current moment a “hinge point in history.”Warsh said annualized sales at the two leading AI labs now top $100 billion, an increase of more than 500% from a year earlier, and confirmed the Fed now treats AI as “potentially a new factor of production.”Warsh flagged that hes watching AIs “second derivative”—whether capital-spending growth is still accelerating.  Kevin Warshs first Jackson Hole keynote as Federal Reserve chair made headlines mostly for what he refused to say about interest rates. But in the middle of the speech, under the header “Preparing for Future Policy Conjunctures,” sits the section that matters most for anyone tracking where AI money is actually flowing.  Warsh opened it by describing the mood before AI took off: Economists spent the years after the 2008 crisis warning of “secular stagnation,” a world with too much capital chasing too few good investments because, as Warsh put it, “all the good stuff had been invented.” That thesis, he said, no longer holds.  Myriad: What will the Fed do in September? Click to make your prediction.  He backed it with numbers. Business capital expenditures—what he called “the

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