A Mexican billionaire allocated up to 80% of his portfolio to bitcoin
The Mexican billionaire Ricardo Salinas Pliego, founder and chairman of Grupo Salinas, is a bitcoin maximalist; the asset's share in his portfolio is about 80%. He stated this in an interview with CoinDesk. As the outlet noted, Pliego's fortune is estimated at $5 billion. He is among the ten richest people in Mexico. Besides liquid assets, the businessman…
Malta's regulator will study the application of MiCA to DeFi projects
The Malta Financial Services Authority (MFSA) has launched a consultation on the regulation of DeFi projects. The regulator proposed assessing decentralization not as a binary feature but as a spectrum: protocols with centralized elements such as administrative keys, concentration of governance, upgrade rights, and control over…
Anthropic model block forces G7 leaders to rethink reliance on US AI
G7 leaders, heads of major AI companies and representatives of the tech industry discussed the risks of overreliance on American artificial intelligence models during a summit in Evian-les-Bains, France. FT reports this. During the G7 summit, French President Emmanuel Macron and Indian Prime Minister Narendra Modi warned that…
The Fed held its rate, the crypto market fell: Bitcoin below $64,000
The US Federal Reserve (Fed) kept its benchmark interest rate in the range of 3.5% to 3.75%. This triggered a sell-off of cryptocurrencies: immediately after the US central bank's announcement, Bitcoin fell by almost 1.2%. Major altcoins dropped 2-3%. Over the past day, Bitcoin lost 2.3% of its value, falling to around $64,000. Ether declined by 3%…
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