Inflation pain is worse than the CPI indicates, but you already knew that

We all intuitively know that prices are rising faster than the Consumer Price Index (CPI) indicates. We feel the pain every time we go to the grocery store or gas station. But just how much is price inflation impacting us here on Main Street?  I started pondering this question the other day when I ran across a graph tracking the price of a can of Campbells Tomato Soup since 1895.  Youll notice an interesting phenomenon. The cost of a can of soup remained relatively stable until around 1973, when it suddenly started to climb more rapidly.  And what happened in the early 1970s?  In 1971, President Richard Nixon severed the dollars last connection with the gold standard, making it a purely free-floating fiat currency.  When he announced the closing of the gold window, Nixon said, “Let me lay to rest the bugaboo of what is called devaluation,” and promised, “Your dollar will be worth just as much as it is today.”  Well, Campbells begs to differ.  Since that fateful day, the U.S. government, supported by the Federal Reserve, has aggressively devalued the dollar by printing more and more of them. This would have been impossible with the monetary discipline imposed by a gold standard (which is exactly

07-28انڈسٹری

Bitcoin (BTC) ETFs Log $5.4 Billion First-Half Outflow

Bitcoin News  U.S. spot Bitcoin (BTC) exchange-traded funds recorded their first half-year net outflow since the 2024 launch, with about $5.4 billion leaving in the first six months of 2026. ETF flow data show the withdrawal was concentrated in June, when roughly $4.5 billion exited, making it the largest monthly redemption for this product group. Capital also rotated toward AI-related assets, pressuring an already fragile bear-market backdrop. Yet the headline number does not mean demand has vanished. Inflows and redemptions often occurred inside the same fund because a single ticker can hold very different types of money. The market now has to distinguish long-term allocation from arbitrage, tactical retail flows, and corporate treasury exposure. For Bitcoin, the question is not whether buyers exist, but whether their reasons for buying are durable enough to offset profit-taking and rotation. This matters because ETF creation and redemption activity is one of the clearest windows into regulated demand. When flows reverse, it can reflect changing arbitrage economics rather than a simple loss of conviction. The first-half outflow therefore reads less like a uniform exit and more like a recomposition of holders, with slower money staying engaged while faster money adjusts to market structure. That distinction

07-28انڈسٹری

Bitcoin Cryptography Watched After Claude Cuts HAWK Work 67 Million Times

Crypto News  Bitcoin (BTC) is not directly compromised by Anthropic‘s latest AI research, but the findings have pushed cryptographic security back into focus for the largest crypto network. The company said its Claude model identified new weaknesses in two encryption systems, including HAWK, a digital-signature scheme designed to resist future quantum computers. HAWK had been examined by human specialists for about two years without a public failure, yet Claude found a hidden mathematical pattern in roughly 60 hours. The company’s research paper said the effort needed to recover the smallest HAWK key dropped from 2^64 steps to 2^38, a reduction of about 67 million times. That does not mean Bitcoin‘s current signing model is broken. Bitcoin uses a different elliptic-curve signature framework, and the newly reported attacks do not touch that system. Ethereum (ETH) also relies on a separate signature framework, and the reported experiments do not indicate a present operational risk. Still, the result matters because it shows how quickly AI can test assumptions that previously depended on slow human review. For holders, the practical question is not an immediate threat, but whether long-term network planning keeps pace with faster cryptographic discovery. The issue also touches tools that users may

07-28انڈسٹری

Apple Overtakes Nvidia—Which Will Be Bigger by End of July?

In briefApple traded at roughly 79% on Polymarket to finish July as the worlds largest company, while Nvidia fell to about 22%.Apple ended Tuesday worth about $5.0 trillion, roughly $227 billion more than Nvidia, with three trading sessions left before settlement.Apple reports quarterly results Thursday evening, giving traders one final major catalyst before the contract resolves Friday.  Apple is the worlds most valuable company again. Will it stay that way before the end of July?  On Polymarket—a prediction market where contract prices behave like crowd-generated probabilities—Apples chance of finishing July in first place surged by more than 50% in roughly a day, reaching about 79%.  Nvidia, now the second-most valuable company on Earth, fell to around 22%, and the market has attracted about $4.7 million in total trading volume.  At Tuesday‘s close, Apple was valued at approximately $4.995 trillion, compared with Nvidia’s $4.768 trillion. That gives the iPhone maker a lead of roughly $227 billion.  That is a lot of money. It is also small enough to disappear during one ugly trading session.  Apple spent the past two years being mocked for arriving late to artificial intelligence. Suddenly, not writing blank checks for giant GPU farms looks less like incompetence and more like risk management.  Investors are

07-28انڈسٹری

CRO (CRO) Exchange Crypto.com Adds Emirates as 4th Airline for Crypto Payments

CRO News  Emirates has formally switched on Crypto.com Pay for flight bookings, giving eligible customers in the United Arab Emirates a crypto-funded checkout option on emirates.com and the airline‘s mobile application. The launch matters for Cronos (CRO), the altcoin tied to Crypto.com’s wider payments and exchange ecosystem, because it places the company‘s payment rail inside a major international carrier. The company’s official announcement describes a flow in which passengers select Crypto.com Pay at checkout, approve the transaction from a mobile wallet, and receive an electronic ticket after confirmation. Desktop users can scan a QR code, while app users are redirected to the Crypto.com application to authorize payment. Bookings must be priced and settled in United Arab Emirates dirhams, and Crypto.com‘s Dubai unit, Foris DAX Middle East FZE, holds the stored-value-facility license and handles conversion into a regulated dirham stablecoin or dirham fiat before settlement with the airline. That structure reflects the United Arab Emirates Central Bank’s stored-value-facility framework, under which Crypto.com obtained a license earlier this year. Emirates Deputy President and Chief Commercial Officer Adnan Kazim said the move widens payment choice for digitally minded travelers, while President and Chief Operating Officer Eric Anziani called the integration a milestone for the

07-28انڈسٹری

XRP (XRP) Partner SBI Rebrands Unit for $6 Trillion Canton Network

XRP News  SBI Holdings, a long-standing supporter of XRP (XRP), has renamed a wholly owned subsidiary as SBI Digital Practice, placing the unit inside the Canton Networks institutional on-chain finance effort. The company said the rebranded entity will work on corporate finance infrastructure, cross-border transaction systems, application support, and regulatory compliance for blockchain-based financial markets. Canton Network is an institutional blockchain that already connects more than 600 financial firms and represents more than $6 trillion in assets, and SBI is participating as a Super Validator. For XRP observers, the important point is that SBI is not abandoning the XRP Ledger. The group continues SBI Ripple Asia, maintains its broader Ripple relationship, and is simultaneously pursuing Solana-based JX token work, a JPYSC payment partnership with Ondo, and a majority holding in Coinhako. The structure suggests a multi-chain strategy rather than a single-network bet, with institutional settlement, tokenized assets, and regulated workflows moving onto distributed ledgers. In practical terms, this could place XRP-related payments and liquidity beside other rails, including an appchain design, an Automated Market Maker venue, or cross-border atomic swap processes. The move also underlines how large financial groups are treating blockchain less as speculative altcoin exposure and more as backend

07-28انڈسٹری

Hormuz Is Becoming A Fee-And-Permission Regime

Hormuz is shifting from free transit to administered passage; Omans voluntary-fee plan is the institutional package, not the war diary. (Photo by Gallo Images/Orbital Horizon/Copernicus Sentinel Data 2025)  Gallo Images via Getty Images  The Oman Iran Hormuz plan now on the table is a Gulf-backed proposal that treats the Strait of Hormuz as something to administer, not only to threaten. Joint regional management. Ships asked for voluntaryfees tied to passage support, not a unilateral Iranian toll. A Gulf source and a Western diplomat described the plan to Reuters on Tuesday. They said Oman handed it to Iran over the weekend, and that under the design Iran would not run the waterway alone.  That package is the signal worth pricing. The fight over Hormuz is no longer only whether tankers can move. It is who writes the rules of movement, and whether those rules include a charge.  Energy buyers, shipowners, insurers and banks face a practical choice. Keep modelling Hormuz as a wartime disruption that snaps back to free transit, or treat it as a lasting change in route governance: charters, war-risk cover, compliance files and backup corridors that stay relevant even when the shooting pauses.  What Oman Put On The Table  Before the war, about a

07-28انڈسٹری

Apple kept fake bitcoin wallet on App Store after $875,000 theft report, lawsuit alleges

In the current suit, James Ramirez, claims he downloaded the app on July 25, 2025 and had 7.4 BTC “transferred to a scammer.” He reported the app and theft to Apple that day, according to the filing. Christopher Ellis allegedly lost about $840,000 after installing the app on Aug. 3.  Jalen Delgado, who had downloaded the app around May 1, 2025, lost 1.05 BTC, then worth roughly $120,000 after relying on “Apples representations that its App Store was safe and the apps hosted in the Apple App Store had been vetted by experts,” according to the filing.  Ramirez and Ellis said Apple never responded to their reports.  The official Sparrow Wallet is a desktop-only application available for Windows, macOS and Linux. It does not offer an iOS version.  The lawsuit alleges Apple ranked the fraudulent application and included it in curated cryptocurrency app collections alongside legitimate products. It also points to Sparrow developer Craig Raw warning in January 2024 that an impersonator remained available despite being reported to Apple weeks earlier.  The case seeks reimbursement of the alleged stolen assets, compensatory and punitive damages and potentially multiplied damages. The plaintiffs also want Apple to disclose the limitations of its review process, strengthen its controls and

07-28انڈسٹری

Core Scientific lands AMD AI deal as bitcoin mining operation winds down

SummaryCore Scientific signed a 15-year, 529 MW deal with AMD for AI infrastructure, potentially generating $14 billion in base contracted revenue.The partnership includes rights for AMD to reserve up to 1.9 gigawatts of additional capacity through 2028, expanding the total to 2.5 GW.The deal accelerates Core Scientifics pivot from bitcoin mining toward AI data centers, following the termination of its ASIC agreement with Block.  Data center operator Core Scientific (CORZ) announced an infrastructure partnership with Advanced Micro Devices (AMD) anchored by 15-year leases for 529 megawatts of U.S. AI capacity, which the company said could generate more than $14 billion in base contracted revenue.  The capacity is expected to support AMD customer deployments beginning in 2027. The agreements give AMD, under certain conditions, the right to reserve another 1,925 MW through Dec. 28, 2028, potentially expanding the partnership to roughly 2.5 gigawatts.  AMD directly leased 377 MW across Core Scientific sites in Pecos and Hunt County, Texas, and Muskogee, Oklahoma, according to the companys quarterly filing.  An unnamed cloud provider leased another 152 MW in Auburn, Alabama, and Dalton, Georgia, under agreements supported by AMD.  Core Scientific and AMD will collaborate on data-center design and the deployment of AMD Instinct graphics processing units, EPYC processors

07-28انڈسٹری

BitMEX and BitMart may be first casualties of crypto trading slump

BitMEX is now facing legal action alleging it withheld trader collateral and engaged in insider trading. The new lawsuit accuses Hayes and fellow co-founders, Ben Delo and Samuel Reed, of designing a system to retain customers‘ collateral and transfer the remaining bitcoin to the platform’s insurance fund.  “One lawsuit wont move the market, but allegations involving 622 BTC (worth over $40.5 million) of withheld collateral reinforce the oldest doubt in crypto: your funds are safe until the day they arent,” said Samuel Videau, chief technology officer at Genius. “Whats ending is opacity,the model where you wire assets to a black box and take the operators word for it.”  The overall crypto derivatives market has barely flinched. The perpetual swap product BitMEX built now generates the bulk of trading activity on larger exchanges like Binance and OKX, alongside traditional platforms like the Chicago Mercantile Exchange (CME).  “The derivatives market is now much larger and more diversified,” said Edwin Cheung, executive director at crypto trading platform Gate. “Most displaced volume is likely to be absorbed by other established platforms.”  The shift suggests exchanges now need scale, regulatory compliance and broader services to survive, rather than relying on retail trading alone.

07-28انڈسٹری
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