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Synopsis India's economy is currently thriving, boasting a growth rate exceeding 7%, bolstered by diverse sectors and enhancing productivity levels. Nonetheless, escalating oil prices and geopolitical instability present significant threats to economic stability and …

Synopsis India's economy is currently thriving, boasting a growth rate exceeding 7%, bolstered by diverse sectors and enhancing productivity levels. Nonetheless, escalating oil prices and geopolitical instability present significant threats to economic stability and rising inflation. The Reserve Bank of India faces calls to increase interest rates to effectively address inflationary pressures. Furthermore, the current capital account surplus is insufficient to cover the current account deficit, reflecting persistent economic hurdles.

Raydium leads with $6.1 billion as on-chain equities grow from a niche experiment into a meaningful slice of decentralized trading Tokenized stocks on Solana have racked up $12.4 billion in decentralized exchange trading volume …

Raydium leads with $6.1 billion as on-chain equities grow from a niche experiment into a meaningful slice of decentralized trading Tokenized stocks on Solana have racked up $12.4 billion in decentralized exchange trading volume so far this year. Raydium accounts for the biggest share, at $6.1 billion. The numbers behind the surge In Q2 2026, Solana recorded $5.8 billion in tokenized equity DEX volume, a 114% jump from the prior quarter. That same quarter, Solana captured approximately 95% of global on-chain equity DEX trading. September 2026 alone produced $4.4 billion in tokenized stock DEX volume on Solana, with Raydium and Orca handling the flow. Raydium has become the default venue for this activity. In recent snapshots, it routed over 90% of Solana’s tokenized stock DEX flows, and its cumulative volume in the category passed $5 billion by mid-September. Advertisement Through mid-September, Raydium processed about $2.3 billion in tokenized stock volume during Q3 2026. That works out to a 40% increase over the previous quarter. Across all blockchain networks, tokenized stocks generated $48.7 billion in volume over the preceding 12 months, and Solana’s share often tops 95% during peak trading windows. The news moving money, markets, and the world—before your day starts. Daily. Free. Join 34,000+ readers across crypto, finance, and policy. Email address Subscribe free We respect your privacy. Unsubscribe anytime. Tokenized equities have also claimed over 4% of total DEX spot volume in 2026. How xStocks built the on-ramp Much of this growth traces back to one product: xStocks, built by Backed Finance. Each token is backed 1:1 by an equity held with a custodian. By September 18, 2026, xStocks had surpassed $6 billion in cumulative Solana trading volume. That figure represents 54% of all tokenized stock volume in Solana’s history. Traditional stock markets keep business hours, while DEXs run 24/7, so a trader can react to news on a Saturday night instead of waiting for Monday’s opening bell. Regulation and rivals enter the frame The growth has coincided with a shifting regulatory backdrop. A recent SEC innovation exemption is designed to make compliant on-chain trading easier. Solana is not the only chain chasing this market. BNB Chain has its own bStocks offering, and Robinhood Chain is also competing for on-chain equity traders. What this means for traders and the market Raydium handling over 90% of flows in recent snapshots and xStocks owning 54% of historical volume make the ecosystem efficient, but also dependent on a small number of players. The custody model deserves attention too. Tokens backed 1:1 by custodied shares are only as reliable as the custodian and the issuer behind them, so traders are taking on counterparty considerations that do not exist when owning a stock directly.

Gold is expected to protect investors when markets become uncomfortable. The problem is that the forces driving people toward safety can also make owning the metal a lot more painful. Higher oil prices can …

Gold is expected to protect investors when markets become uncomfortable. The problem is that the forces driving people toward safety can also make owning the metal a lot more painful. Higher oil prices can revive inflation fears, rising bond yields make inco… Gold is expected to protect investors when markets become uncomfortable. The problem is that the forces driving people toward safety can also make owning the metal a lot more painful.Higher oil price…

It took all of two minutes for Bobby Pulido's electoral stealth weapon to come into play. The Tejano music star turned Democratic congressional candidate had barely begun canvassing in the high school football stadium …

It took all of two minutes for Bobby Pulido's electoral stealth weapon to come into play. The Tejano music star turned Democratic congressional candidate had barely begun canvassing in the high school football stadium in Edinburg, Texas, when a 15-year-old girl came rushing up to him. "Señor Pulido! Señor Pulido!" she cried. A few months ago, she told him, he had made a surprise appearance at her quinceañera, the coming-of-age girls' 15th birthday party that is a rite of passage in these US borderlands. He had serenaded her with Desvelado, his blockbuster love song, which though released three decades ago retains a treasured place in Tejano – that is Hispanic Texan – culture. Advertisement Advertisement Advertisement Advertisement The brief encounter gave a glimpse into one of the key dynamics of Pulido's bid to flip Texas's 15th congressional district. He calls it the "quinceañera strategy". The tactic was handed to him, inadvertently, by his rival, the two-term incumbent Republican congresswoman Monica De La Cruz. In March, she posted a video deriding her opponent as a lowly quinceañera singer. The election, she said, "isn't about who you want performing at your niece's quinceañera. It's about who you trust with your family's future." Pulido pounced. He counter-posted his own video in which he accused De La Cruz of belittling a cherished local tradition and encouraged families in the district planning a quinceañera to invite him. "I'd be honored to stop by and celebrate with you," he said. Advertisement Advertisement Within 24 hours, Pulido's campaign had been inundated with over 1,000 invitations. By the time the Guardian went canvassing with him in September, that number had surpassed 5,000. He has now performed at 81 quinceañeras and counting. Each one is attended by scores of family and friends, most of whom are eligible voters and many of whom livestream the event on their smartphones, broadcasting it to additional scores of eligible voters. "She presented us with an opportunity for a very unique kind of field plan," Abel Prado, Pulido's campaign manager, said. The 'quinceañera strategy' Pulido, 53, is hoping to convert the quinceañera strategy and the rest of the tireless retail politics that he is doing into a winning political formula. His mission: to take back the congressional seat, and in the process both help the national Democratic party regain control of the US House and teach it a lesson or two about Mexican American politics. Advertisement Advertisement Much is riding on his success. It's not just that flipping Texas 15 could give Democrats the edge they need to take back control of the House of Representatives. The stakes are also huge for the Rio Grande Valley itself, the overwhelmingly Hispanic border region in south Texas that for over a century was solidly Democratic but swung hard for Donald Trump in 2024. Interactive Trump won the district, which is 81% Mexican American and which runs for over 300 miles from the border to San Antonio, by 18 points. How Pulido fares in the November midterm elections could have ripple effects for fellow Democrat James Talarico's currently neck-and-neck fight for a US Senate seat against the state's scandal-ridden Republican attorney general Ken Paxton. Talarico's chance of success is also heavily dependent on Latino turnout. Advertisement Advertisement And in the widest sense, Pulido's message has bearings on the national Democratic party as it debates how to counter the dramatic inroads made by Trump two years ago when he smashed records and garnered 55% of Texas's Hispanic vote. Pulido made sure to display his Tejano stripes as he strutted around the Edinburg stadium, while cheerleaders and a marching band filled the night air with colour and noise. Dressed in jeans and denim shirt, cowboy boots and hat, he moved confidently through the crowd of high-school football fans. He shook the hand of everyone he met, chatting to supporters on both sides of the bleachers – a calculated move as both high school teams, Sabrecats and Yellowjackets, are in the 15th district. (The Sabrecats won 31-14.) And yet almost everyone in attendance was too young to vote – so what was the point? Advertisement Advertisement "To win re-election," Pulido quipped, without missing a beat. Then, with more reflection, he added: "If you treat kids good, their parents will like you." Pulido has a catchphrase: "Any occasion, big or small." He means it. The football game was the 526th campaign event he had attended in person. His record is 12 such stops in a single day. When Pulido sat down to talk with the Guardian, he emphasised accessibility was a critical element of his campaign. It's his answer, he said, to the increasingly polarised left-right media bubbles that keep voters divided. "The only way I can break through is to actually get in front of people the old-fashioned way. Then people can hear me. They can look me in the eye, and decide for themselves whether I'm full of shit or not." Advertisement Advertisement Direct connection with voters also Pulido, who has roots stretching back seven generations in the Rio Grande Valley, allows him to play his ace card: his near-universal name recognition in the region. Desvelado ("sleepless") was his first, and is still his biggest, hit – the 1995 album of the same name went platinum, and the song has been played 615m times on Spotify. He has won two Latin Grammys for best Tejano album; the day before we met he celebrated yet another nomination for the award, for Una Tuya, Una Mía, Vol 2. If the massive popularity of Desvelado gives him an entree with younger and middle-aged Tejanos, he can count on his father to grab the attention of older voters. José Roberto Pulido, 75, is a Tejano music star in his own right, having enjoyed a large local following in the 1970s and 80s. In Pulido's analysis, Trump lured so many of these Tejano voters away from the Democratic party in 2024 because he spoke to their longing for the American dream. There's a popular phrase in the valley: "We know we're broke, but don't tell us we're poor." Advertisement Advertisement Pulido said: "If you're poor, you've already lost; if you're broke, you could still make it one day. Trump kind of won because of that message. 'Look at me, I'm rich, and some of my richness will transfer to you' – that was music to people's ears." Trump's promise to close the US-Mexico border also spoke to many people in the valley. The disruption caused by record numbers of undocumented immigrants crossing into the US during the Biden administration was especially felt in this frontier zone, and many Tejano US citizens bridled against it despite their own immigrant heritage. "Under Biden, the border was chaotic," Pulido said. "The tent cities, the visible hardship, so many coming across." Since the return of Trump to the White House, however, Pulido believes that the president has squandered much of that goodwill. Immigration and Customs Enforcement (ICE) has made Texas the ground zero of its mass deportation efforts, notably so given the central position the state commands within Trump's Maga universe. Advertisement Advertisement Figures compiled by the Deportation Data Project show that ICE made 12,086 arrests in July in Texas. That was almost twice the number in the next most intensely targeted states, Florida (7,405) and California (6,464). Pulido is convinced that Trump will pay a price in November for this blanket assault on Texas immigrants. "People are angry, ICE enforcement is splitting up families and spreading fear. And it's hurting our economy. There's not a building in the Rio Grande Valley that was put up without immigrant hands. None." He added: "There is a reckoning coming, that's for sure. I see it. We've polled it. People don't like what the Republican party is doing." The most recent survey of the 15th district, from Texas Southern University, puts Pulido five points ahead of De La Cruz (50% to 45%). Among Latino likely voters, the gap widens to 25 points (60% to 35%). Advertisement Advertisement "This election is showing that the Trump bubble is burst," the co-author of the opinion poll, Mark Jones, professor of political science at Rice University, said. "We did see a temporary shift towards Trump among Latino voters, but now we're coming back to a more standard status quo." The Guardian spoke to several 15th district voters who two years ago enthusiastically cast their ballots for Trump yet who have grown disaffected and disillusioned. Yajaira Martinez, 43, is a naturalized citizen who came to the US from Mexico when she was six. In 2024, she voted for Trump because she believed his promises about bringing down prices and improving the economy, and because she supported his desire for a stronger border. She heard him pledge to remove undocumented immigrants with criminal records. "If you want to take the criminals out of the country, by all means go ahead," she said. But she did not expect the ICE dragnet of hardworking people trying to make a go for their families. She knows several people who have been deported even though they had legitimate work permits. "ICE is breaking the law, they are assaulting, they are chasing down. They are terrorising. This administration doesn't care about anybody's rights." Juan Cantu, 66, was born in Mexico but lives in the US, and as a naturalized citizen is entitled to vote. He makes an income both as a cabinet maker and rancher. He voted for Trump in 2024 because he was fed up with Democrats talking about social issues such as abortion and trans people using women's bathrooms, and he thought Trump would be on his side as un trabajador, a worker. But he's been appalled as he watches "the politics of Trump spinning out of control, harming so many working people". The Iran war, which he said he does not understand, and tariffs has pushed the diesel that powers his tractor to $6 a gallon, and that's a problem. As for Pulido, Cantu likes his father's Tejano music. "That's the music of my epoca," he said. And he warms to the candidate's politics. "From what I've heard, he wants to help the poor, the working people." He will vote for Pulido. Juan Pablo Lopez, 41, a first-generation Mexican American born in the US, is the owner of a real estate and construction company in McAllen. He voted for Trump because he liked the way he spoke the language of business. In the past year, though, it's turned sour for Lopez. He estimates that about 60 of his co-workers and friends have disappeared, rounded up by ICE and detained then deported. He said he has come to conclusion that Trump is not the friend of Tejanos. "Everybody here believed in him, and instead of helping us, he's hurting us." As for his vote in November, it's complicated. Lopez said he likes Pulido. "I was born and raised with his music. He's a family guy, and I like that he's very conservative." What he doesn't like is that Pulido is running as a Democrat, a party he thinks has a "Robin Hood mentality". "They take from the rich to give to the poor – let's give everybody food stamps, let's make sure everybody's on housing. I'm a hardworking American." That leaves him in a bind. "I'm faced with a very hard decision of who I'm going to vote for. I don't want to vote Democrat, but look at what Trump has done to us." It's Pulido's challenge to overcome the hesitation of voters like Lopez. He must harness their patent anger towards Trump's handling of immigration and the economy, and persuade them that not all Democrats are leftist progressives. As he faces this challenge, Pulido is careful to emphasise his conservative convictions while avoiding talking in party political terms. The race is not about Democrat versus Republican, but about Bobby versus Monica. "I do not mention blue waves. Not ever." There is a populist side to Pulido's politics that bears comparison to Bernie Sanders. He denounces "crony capitalism" and demands that corporate money is removed from US elections. Pulido doesn't have health insurance because "it's not worth it". "I should not feel obligated to feed those monsters. Health insurance companies get away with it, and doctors can't even be doctors any more," he said. Beneath the populist patina, his innate cultural conservatism – typical of this border region – is glaringly apparent. He is a man of faith, and is personally opposed to abortion though his policy is that he would not impose his views on anybody else: "Pro-life is a choice too. It's my choice," he said. He opposes restrictions on oil and gas extraction, including fracking, as they account for a significant proportion of the Valley's jobs. He wants the border to remain locked down even after Trump has gone, though he wants that to be done humanely. There's no doubting his support of the second amendment. He named his son Remington, after the Remington 700 bolt-action rifle that he loves. If you described a politician with that set of convictions to a person in Brooklyn or Santa Monica they might assume he were a moderate Republican. So what makes him a Democrat? "I'm a Democrat because I lead with my democratic heart," he said. "I understand that there are people out there who need help, and that it's my obligation as a Catholic and as a Christian to do what I can to help my fellow neighbor." In all this, there is an implicit criticism of the national leadership of the Democratic party and what he regards as its coastal elite prejudices. "In music, you have to know your audience. I'm smart enough to know that you don't take a symphonic orchestra to the dance hall – people want to dance. But that's what my party is doing, taking the east coast and west coast politics of the liberal elites and bringing them to where they do not resonate." Warming to the theme, he said: "What plays well in New York City likely won't play well among Democratic voters in the valley. The party has become too one-size-fits-all, and that's a big mistake." His main takeaway from his months running for congressional office is that Democrats "let other people define us". "When I first told people in this district that I was running as a Democrat, their automatic assumption was that I was going to take away their guns, that I was for trans in women's sports, that I was going to take away their oil and gas jobs," he said. "That's the narrative they were fed by Republicans." As the 3 November election gets closer, and the temperature of the race rises, De La Cruz has tried to stall Pulido's advance by hitting him with negative attack ads casting him as a "corrupt liberal celebrity". In particular, she has focused on revelations that an accordionist in Pulido's band who played on the recording of Desvelado later became a registered sex offender. De La Cruz has accused Pulido of "endangering our families". He counters that he only discovered his band member's sex crimes record years later. The Republican has also charged Pulido with demeaning voters, basing the claim on a 2020 video that has resurfaced in which he is seen laughing as a comedy host made remarks about women's bodies following childbirth and on past social media posts in which he used racist and homophobic slurs. Pulido has admitted that some of his comments crossed the line and apologised for them. But he argues that De La Cruz has supported a president who has repeatedly attacked women's appearances. So far there is insufficient data from opinion polls to know whether the mud is sticking. Republican efforts to win congressional seats in south Texas through redistricting may also backfire on De La Cruz. The 15th district was redrawn with the aim of preserving her lead while at the same time attempting to flip neighboring seats from the Democrats. As a result almost two-thirds of the voters in the reconfigured 15th district are new to De La Cruz with many voters having little or no idea who she is. That matters when she is up against someone with almost universal name recognition like Pulido. "When I saw the map, I was very happy," he said with a grin. Asked to comment on Pulido's political record and the state of the race, De La Cruz's campaign manager James Shook described Pulido as "a silver-spooned scumbag who enabled a sex predator". "Anyone starstruck by this pedo-protecting loser should be ashamed of themselves," he said in the statement. There is a bitter-sweetness to the looming election for Pulido. He is potentially poised to pull off an historic victory that would send him to Washington where a whole new political life would await him. But it would mark the end of his other life as a Tejano musician. Last year he embarked on a farewell tour, and just before we met his final performance was announced. It will take place in Edinburg, 17 days before the election. He's calling it La Última Desvelada.

The post America Added Just 29,000 Jobs in September. Did the Fed Just Get Its First Warning That It Went Too Far? appeared first on 24/7 Wall St.. Two weeks after the Federal Reserve …

The post America Added Just 29,000 Jobs in September. Did the Fed Just Get Its First Warning That It Went Too Far? appeared first on 24/7 Wall St.. Two weeks after the Federal Reserve raised interest rates, the labor market answered. Employers added just 29,0… The post America Added Just 29,000 Jobs in September. Did the Fed Just Get Its First Warning That It Went Too Far? appeared first on 24/7 Wall St..Two weeks after the Federal Reserve raised interest …

The post Ripple Plans a Credit Business Backed With XRP. Does Lending Finally Give the Token a Use That Moves the Price? appeared first on 24/7 Wall St.. Ripple plans to introduce a credit …

The post Ripple Plans a Credit Business Backed With XRP. Does Lending Finally Give the Token a Use That Moves the Price? appeared first on 24/7 Wall St.. Ripple plans to introduce a credit service in 2027 that uses XRP (CRYPTO: XRP) as collateral for payment … The post Ripple Plans a Credit Business Backed With XRP. Does Lending Finally Give the Token a Use That Moves the Price? appeared first on 24/7 Wall St..Ripple plans to introduce a credit service in …

Rust-backed Python bindings for low-latency cross-exchange crypto trading. A required part of this site couldnt load. This may be due to a browser extension, network issues, or browser settings. Please check your connection, disable …

Rust-backed Python bindings for low-latency cross-exchange crypto trading. A required part of this site couldnt load. This may be due to a browser extension, network issues, or browser settings. Please check your connection, disable any ad blockers, or try using a diffe…

President Trump on Sunday named Director of National Intelligence Jay Clayton as his new "AI czar," adding a different category of intelligence, the "artificial" kind, to the U.S. spy chief's portfolio. In a post …

President Trump on Sunday named Director of National Intelligence Jay Clayton as his new "AI czar," adding a different category of intelligence, the "artificial" kind, to the U.S. spy chief's portfolio. In a post on Truth Social, Trump said Clayton will lead a newly formed "Super Intelligence Force" alongside Federal Trade Commission Chair Andrew Ferguson, Under Secretary of Defense for Research and Engineering Emil Michael and Office of Personnel Management Director Scott Kupor. The group will report directly to Trump and White House chief of staff Susie Wiles. Its goal, Trump wrote, is "to ensure that America continues to lead the World in Super Intelligence, which many say is bigger than the Industrial Revolution, and the Internet, and will protect the interests, and improve the lives, of all Americans." Advertisement Advertisement Advertisement Advertisement Clayton will keep his job as DNI, which oversees the nation's 18 intelligence agencies. Trump's announcement follows meeting last Tuesday at the White House where top AI executives signed what he called a " morally binding " agreement to police themselves in order to prevent their increasingly powerful models from going rogue and harming humanity . "There's a belief that there should be tremendous self-regulation," the president said at the meeting. "This is going to be all for the good, and we're going to have it be nice and safe." Despite new polls showing that 86% of Americans want AI companies to meet independent safety standards even if doing so slows development — with 74% largely mistrusting the leaders of those companies — Trump insisted in recent days that federal regulations are unnecessary and that those who say otherwise are " Conspiracy Theorists, Treasonists, Traitors, and Leakers ." Advertisement Advertisement "The only control or 'guardrails' that AI needs is a STRONG AND SMART (High IQ!) PRESIDENT, and the U.S.A. has that, in spades!" he wrote on social media . Elsewhere, Trump has said that regulation would handicap the U.S. in its race to "win" AI. "Whoever wins AI ... that's the group that wins," Trump told the United Nations General Assembly last month . "We're leading now over China by a lot and everyone else, and we're going to keep it that way." According to the Guardian , Trump's previous AI and crypto czar, billionaire tech investor David Sacks, consistently "counseled the president to give a soft touch to AI regulation, helping push executive orders and other measures aimed at loosening restrictions on the technology." Sacks also "maintains direct financial stakes in multiple AI companies," the paper reported, though he took steps to divest some of his holdings last year while serving in the administration. He stepped down in March. Will Clayton follow Sacks's lead? Or will he chart a new course? Here's what we know so far. Who is Jay Clayton? Clayton, 60, is a registered independent with degrees from the University of Pennsylvania (engineering, law) and the University of Cambridge (economics). As a lawyer in private practice, he focused mostly on Wall Street: mergers and acquisitions, market offerings and regulatory proceedings. During Trump's first term, from 2017 to 2020, Clayton chaired the U.S. Securities and Exchange Commission. From March 2021 to April 2025, Clayton served as chair and "lead independent director" of the board of Apollo Global Management . (Apollo has owned a 90% majority stake in Yahoo since September 2021.) Advertisement Advertisement In late 2024, Trump nominated Clayton to serve as U.S. Attorney for the Southern District of New York, his first prosecutorial job; Trump later appointed Clayton to serve in an acting capacity after New York Sen. Chuck Schumer blocked his appointment. Reports suggest Clayton was also considered for roles as secretary of the treasury, attorney general and director of the Central Intelligence Agency. In November 2025, Trump ordered the Department of Justice to investigate Democrats associated with Jeffrey Epstein, and U.S. Attorney General Pam Bondi assigned Clayton to lead the probe . After former Director of National Intelligence Tulsi Gabbard resigned in May 2026, Trump tapped Clayton to replace her. "He's very qualified," Democratic Sen. Mark Warner of Virginia said at the time . But Clayton sidestepped questions over who won the 2020 election during his July confirmation hearings, and he was confirmed without Democratic support. "I'm not an election denier," Clayton told the Senate. "He went through our processes, and Joe Biden became the president of the United States." What has Clayton said about AI? During his DNI confirmation hearings, Clayton described AI as "a game changer ," warning that it represents "not only an opportunity but a threat." Advertisement Advertisement "We should just all recognize that," he continued. "When something is both an opportunity and a threat, you better get your arms around it." On Tuesday, Clayton attended Trump's White House meeting with top AI executives. Speaking afterward to CNBC, he used the president's new preferred term for AI — i.e., "superintelligence " — while pushing back against lawmakers who have called for regulating or pausing U.S. AI development. "Super intelligence is a national security issue, and that was something that was recognized yesterday by not just the industry leaders but everybody in the room," Clayton said. "But to, in some way, not try to drive forward inside the United States, with companies that are regulated in the United States ... to somehow say we should back away from this and let the rest of the world develop these models and implement these models? I don't think anybody in that room, and I don't think any American, should think that that's a good strategy." Asked to respond to criticism from Democratic Sen. Elizabeth Warren of Massachusetts that Trump's current policy of letting AI companies police themselves will prove to be "a recipe for disaster," Clayton suggested that the U.S. government's existing regulatory framework could also help keep AI in check. Advertisement Advertisement "My response to the American people on that front is we have a Federal Trade Commission, we have a Department of Justice," Clayton said. "I know the leaders of both those organizations, and they're committed to protecting the American people in this regard." What will Clayton do as AI czar? According to Trump's post, the Super Intelligence Force will coordinate the federal government's dealings with AI companies, infrastructure providers, consumers, public interest groups and religious organizations, CNN reported. Last month, Trump wrote on social media that he would "be announcing, in the near future, the AI 'Czar.' "Only High I.Q. individuals need apply!" he added. Advertisement Advertisement In the same post, the president again dismissed concerns about AI safety as a "hoax" perpetrated by "Radical Left Democrats." He also wrote that going forward, his administration would not "in any way hinder or stifle the Growth of this incredible Industry," which he described as "the next Industrial Revolution, or Internet" — only "even larger and more impactful." "Rather, we will cherish it, help it, and watch over it, as it grows!" Trump explained. As for reining in "bad" actors, he wrote, "we can do that, very easily, with our already existing Criminal and Civil Justice System." Clayton, it seems, will now be in charge of cherishing, helping and watching over the AI industry as it grows. He's "a good man," Trump told Axios when the outlet asked last week if Clayton was being considered for the job . "He's right here. That's a good idea." It's unclear what happened to a separate idea Trump floated last month, which he called "the AI Force." Advertisement Advertisement "I am forming the AI Force, much like I did Space Force , which has been a tremendous SUCCESS, in my First Term," Trump wrote in his September social media post about naming an AI czar. According to Axios , Trump's AI Force idea "caught advisers by surprise," setting off "a mad dash" within the administration "to imagine what AI Force would look like." What did Trump's previous AI czar do? When Sacks served as AI czar, he repeatedly persuaded the president and his administration to resist new AI restrictions, including state laws to limit AI . Since leaving the White House, Sacks has "maintained close ties with the president," according to the Guardian, and "in May, he successfully urged Trump to scrap an executive order that would've subjected AI models to government review."

Add Decrypt as your preferred source to see more of our stories on Google. In brief U.S. spot Bitcoin ETFs drew $102.7 million Thursday and $31.7 million Friday, opening October with $134.4 million in …

Add Decrypt as your preferred source to see more of our stories on Google. In brief U.S. spot Bitcoin ETFs drew $102.7 million Thursday and $31.7 million Friday, opening October with $134.4 million in net inflows, per Decrypt's tracker. The inflows followed a $148.7 million outflow on Sept. 30, which ended a nine-session streak. A soft jobs report cut October rate-hike odds, but Myriad traders still give a 93% chance Bitcoin won't hit a new high this year. Bitcoin ETFs are living up to the "Uptober" meme, so far at least. U.S. spot Bitcoin ETFs drew $102.7 million on Thursday and another $31.7 million on Friday, according to Decrypt's Bitcoin ETF tracker. That's $134.4 million in net inflows to start October. The green start followed a red finish. The funds shed $148.7 million on Sept. 30, snapping a nine-session inflow streak that began Sept. 17. Even so, September was their second-best month since October 2025, with $2.65 billion in net inflows, according to SoSoValue data. "Uptober" is crypto shorthand for October's track record as one of Bitcoin's strongest months. Over the past decade, the asset has averaged an 18% gain in October, Algoz's Stephen Wundke told Decrypt. "Traders feel there is more upside currently than there is downside," he said. Friday's jobs report added fuel. The U.S. economy added just 29,000 jobs in September, and unemployment rose to 4.2%, according to the Bureau of Labor Statistics. After the release, CME FedWatch odds of an October rate hike fell to 14% from 70% earlier in the week. A weaker labor market eases pressure on the Fed to keep raising rates, which tends to favor risk assets like Bitcoin. Bitcoin briefly tested $87,173 on Friday, just shy of its September high of $87,354, before pulling back. It traded at around $85,000 on Sunday morning, up 0.5% over 24 hours, according to CoinGecko data. Cumulative net inflows since the funds launched stand at $58.1 billion, and total net assets sit at $101.1 billion, according to Decrypt's tracker. Not everyone is sold on a breakout. Traders on Myriad, a prediction market owned by Decrypt's parent company Dastan, put the odds at 93% that Bitcoin won't set a new all-time high in 2026. Year-to-date ETF inflows also remain under $1 billion after heavy outflows earlier in the year. The next tests come soon: September's CPI report lands Oct. 14, and the Fed meets Oct. 28.

The exchange's emergency reserve swapped stablecoins for 15,000 BTC in February, and the trade is currently well in the green Binance’s emergency insurance fund for users now holds over $1.27 billion worth of Bitcoin. …

The exchange's emergency reserve swapped stablecoins for 15,000 BTC in February, and the trade is currently well in the green Binance’s emergency insurance fund for users now holds over $1.27 billion worth of Bitcoin. That includes about $270 million in unrealized profit. From stablecoins to 15,000 BTC The fund is called SAFU, short for Secure Asset Fund for Users. Binance created it to cover customers if something goes badly wrong, such as a hack. In mid-February 2026, Binance changed course. The exchange converted roughly $1 billion in stablecoins into 15,000 BTC. The conversion wrapped up on February 12 with one final large purchase of 4,545 BTC. Bitcoin was trading at approximately $67,000 at the time. At that price, the whole stash was worth approximately $1.005 billion. Advertisement The trade so far By early May 2026, Bitcoin was trading above $81,000, and the fund’s value had climbed past $1.2 billion. At that point, unrealized gains stood at approximately $217 million. The fund’s holdings were later reported at over $1.27 billion. Paper profit has reached about $270 million. The news moving money, markets, and the world—before your day starts. Daily. Free. Join 34,000+ readers across crypto, finance, and policy. Email address Subscribe free We respect your privacy. Unsubscribe anytime. Binance has also made the fund’s wallet public. The address is 1BAuq7Vho2CEkVkUxbfU26LhwQjbCmWQkD, and anyone can check its balance on-chain. Built-in guardrails Binance said it would run regular audits of the fund. It also committed to a top-up rule: if the fund’s market value falls below $800 million, Binance said it will restore it to $1 billion. A fund with a history SAFU is not new. Binance set it up in July 2018, funding it with 10% of trading fees. The fund has been called on before. It has covered user losses from security breaches, including a $40 million hack in 2019. Binance has framed the 2026 conversion as a long-term view of Bitcoin as a reserve asset, citing Bitcoin’s transparency, auditability, and its role as a hedge against inflation and counterparty risk. What this means for users and the market For Binance customers, the fund worth over $1.27 billion is larger than the original $1 billion commitment. The fund now rises and falls with Bitcoin, with the $800 million floor as the safety rail. A 15,000 BTC position held as long-term reserve is coins that are, in theory, not for sale during routine price swings. Binance bought near $67,000, watched Bitcoin clear $81,000 by May, and is sitting on roughly a quarter-billion dollars in paper gains. Watch the wallet balance, the reported fund value relative to the $800 million line, and whether audits arrive on the schedule Binance promised.