Digital business models

CZ outlines vision for crypto and AI integration

Binance founder Changpeng ‘CZ’ Zhao shared his vision for crypto’s future, connecting digital assets with AI and recent policy changes. At WebX in Tokyo, CZ praised US crypto policy under Trump, highlighting stablecoin legislation and the Genius Act while opposing central bank digital currencies.

He argued that embracing innovation is crucial to remaining competitive globally.

CZ predicted that crypto will become the natural medium of exchange for AI, bypassing traditional fiat, banks, and credit cards. He envisaged hundreds or thousands of AI agents per person, generating a surge of microtransactions via programmable blockchain networks.

According to CZ, blockchains’ APIs are better suited than banks for interfacing with AI-driven economic activity.

Since stepping down from Binance, CZ has focused on education and advisory work. His Giggle Academy already serves 50,000 children, aiming to digitise 18 years of schooling at a fraction of government costs.

He advises at least 12 governments on crypto regulation and adoption. He also plans to mentor founders and back early-stage projects through his investment firm EZ Labs, emphasising ethical practices and long-term value creation.

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xAI accuses Apple and OpenAI of blocking competition in AI

Elon Musk’s xAI has filed a lawsuit in Texas accusing Apple and OpenAI of colluding to stifle competition in the AI sector.

The case alleges that both companies locked up markets to maintain monopolies, making it harder for rivals like X and xAI to compete.

The dispute follows Apple’s 2024 deal with OpenAI to integrate ChatGPT into Siri and other apps on its devices. According to the lawsuit, Apple’s exclusive partnership with OpenAI has prevented fair treatment of Musk’s products within the App Store, including the X app and xAI’s Grok app.

Musk previously threatened legal action against Apple over antitrust concerns, citing the company’s alleged preference for ChatGPT.

Musk, who acquired his social media platform X in a $45 billion all-stock deal earlier in the year, is seeking billions of dollars in damages and a jury trial. The legal action highlights Musk’s ongoing feud with OpenAI’s CEO, Sam Altman.

Musk, a co-founder of OpenAI who left in 2018 after disagreements with Altman, has repeatedly criticised the company’s shift to a profit-driven model. He is also pursuing separate litigation against OpenAI and Altman over that transition in California.

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Honor and Google deepen platform partnership with longer updates and AI integration

Honor has announced a joint commitment with Google to strengthen its Android platform support. The company now guarantees six years of Android OS and security updates for its upcoming Honor 400 series, aligning with similar practices by Pixel and Samsung devices.

This update period is part of Honor’s wider Alpha Plan, a strategic framework positioning the company as an AI device ecosystem player.

Honor will invest US $10 billion over five years to support this transformation through hardware innovation, software longevity and AI agent integration.

The partnership enables deeper cooperation with Google around Android updates and AI features. Honor already integrates tools like Circle to Search, AI photo expansion and Gemini voice assistants on its Magic series. The extended software support promises longer device lifespans, reduced e-waste and improved user experience.

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Bitcoin price drops after whale sell-off while Ethereum holds

Bitcoin price weakened sharply after a $2.7 billion whale sell-off sparked automated liquidations, pushing the cryptocurrency toward key support near $110,500. Over $846 million in liquidations doubled the total crypto capitalisation to about $3.83 trillion.

Indicators suggest short-term volatility and choppy price action.

Technical metrics highlight the divergence between Bitcoin and Ethereum. Bitcoin’s ADX at 16 and RSI near 42 signal low trend conviction and growing selling pressure, while the Squeeze Momentum Indicator points to potential volatility ahead.

Ethereum remains comparatively resilient, with an ADX around 41, a bullish 50–200 EMA spread, and RSI near 59, supporting continued positive momentum.

Traders are advised to emphasise risk management amid elevated uncertainty. Key Bitcoin support levels sit at $110,500 and $107,000–$107,600, with resistance at $116,000 and $120,000. Ethereum support ranges from $4,194 to $4,400, while immediate resistance reaches $4,954.

Tightening stop-losses, reducing leverage, and waiting for confirmed volatility resolution are recommended before initiating new positions.

The recent whale-induced volatility demonstrates how a large order can swiftly impact market dynamics. While Bitcoin shows fragile trend conditions, Ethereum’s technical strength provides a measure of stability.

Monitoring indicators and key levels remains essential for navigating the current environment.

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UAE emerges as major Bitcoin holder through mining operations

The UAE has emerged as a major player in the global crypto landscape, with recent data revealing Bitcoin holdings worth $700 million linked to Citadel’s mining operations. Citadel, owned mainly by the UAE Royal Group via IHC, has boosted the country’s influence in digital assets.

These holdings reflect the UAE’s strategic efforts to establish a robust crypto ecosystem, particularly in Dubai.

Enforcement actions against fraudulent investment schemes and high-profile Ponzi operations have helped the UAE accumulate approximately 420,000 BTC. Governments worldwide own roughly 463,000 BTC, equivalent to around 2.3% of Bitcoin’s total supply.

While some nations maintain secrecy over their holdings, others openly report their Bitcoin accumulation.

Several countries have obtained BTC through mining initiatives. El Salvador continues to expand its reserve with daily purchases under the ‘1 Bitcoin per day’ programme. At the same time, Bhutan has used hydroelectric resources to mine between 12,000 and 13,000 BTC, representing up to 40% of its economy.

Iran has recognised Bitcoin mining as a government-controlled enterprise, requiring licensed miners to sell directly to the Central Bank.

Other nations have acquired BTC primarily through seizures. The US leads with nearly 200,000 BTC from high-profile cases like Silk Road and ransomware takedowns.

China, the UK, and Bulgaria also hold significant amounts from fraud and cybercrime investigations, while smaller nations such as Finland, Georgia, and Venezuela maintain modest reserves.

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Coinbase CEO fired engineers who refused to adopt AI tools

Coinbase CEO Brian Armstrong has revealed that he fired engineers who refused to begin using AI coding tools after the company adopted GitHub Copilot and Cursor. Armstrong shared the story during a podcast hosted by Stripe co-founder John Collison.

Engineers were told to onboard with the tools within a week. Armstrong arranged a Saturday meeting for those who had not complied and said that employees without valid reasons would be dismissed. Some were excused due to holidays, while others were let go.

Collison raised concerns about relying too heavily on AI-generated code, prompting Armstrong to agree. Past reports have described challenges with managing code produced by AI, even at companies like OpenAI. Coinbase did not comment on the matter.

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AI’s overuse of the em dash could be your biggest giveaway

AI-generated writing may be giving itself away, and the em dash is its most flamboyant tell. Long beloved by grammar nerds for its versatility, the em dash has become AI’s go-to flourish, but not everyone is impressed.

Pacing, pauses, and a suspicious number of em dashes are often a sign that a machine had its hand in the prose. Even simple requests for editing can leave users with sentences reworked into what feels like an AI-powered monologue.

Though tools like ChatGPT or Gemini can be powerful assistants, using them blindly can dull the human spark. Overuse of certain AI quirks, like rhetorical questions, generic phrases or overstyled punctuation, can make even an honest email feel like corporate poetry.

Writers are being advised to take the reins back. Draft the first version by hand, let the AI refine it, then strip out anything that feels artificial, especially the dashes. Keeping your natural voice intact may be the best way to make sure your readers are connecting with you, not just the machine behind the curtain.

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Gmail accounts targeted in phishing wave after Google data leak

Hackers linked to the ShinyHunters group have compromised Google’s Salesforce systems, leading to a data leak that puts Gmail and Google Cloud users at risk of phishing attacks.

Google confirmed that customer and company names were exposed, though no passwords were stolen. Attackers are now exploiting the breach with phishing schemes, including fake account resets and malware injection attempts through outdated access points.

With Gmail and Google Cloud serving around 2.5 billion users worldwide, both companies and individuals could be targeted. Early reports on Reddit describe callers posing as Google staff warning of supposed account breaches.

Google urges users to strengthen protections by running its Security Checkup, enabling Advanced Protection, and switching to passkeys instead of passwords. The company emphasised that its staff never initiates unsolicited password resets by phone or email.

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Bluesky shuts down in Mississippi over new age law

Bluesky, a decentralised social media platform, has ceased operations in Mississippi due to a new state law requiring strict age verification.

The company said compliance would require tracking users, identifying children, and collecting sensitive personal information. For a small team like Bluesky’s, the burden of such infrastructure, alongside privacy concerns, made continued service unfeasible.

The law mandates age checks not just for explicit content, but for access to general social media. Bluesky highlighted that even the UK Online Safety Act does not require platforms to track which users are children.

US Mississippi law has sparked debate over whether efforts to protect minors are inadvertently undermining online privacy and free speech. Bluesky warned that such legislation may stifle innovation and entrench dominance by larger tech firms.

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Meta teams up with Midjourney for AI video and image tools

Meta has confirmed a new partnership with Midjourney to license its AI image and video generation technology. The collaboration, announced by Meta Chief AI Officer Alexandr Wang, will see Meta integrate Midjourney’s tools into upcoming models and products.

Midjourney will remain independent following the deal. CEO David Holz said the startup, which has never taken external investment, will continue operating on its own. The company launched its first video model earlier this year and has grown rapidly, reportedly reaching $200 million in revenue by 2023.

Midjourney is currently being sued by Disney and Universal for alleged copyright infringement in AI training data. Meta faces similar challenges, although courts have often sided with tech firms in recent decisions.

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