The co-founder of the venture capital giant Andreessen Horowitz (a16z) says crypto has finally found an edge that will drive massive consumer adoption. In a new Latent Space interview, Marc Andreessen says AI agents are now using money and credit cards to pay for goods and services online. Andreessen notes that the traditional payment rails are not designed to handle the incoming scale of AI agent transactions, making stablecoins and the blockchain the only existing technologies suitable for the agentic economy. “We actually have internet-native money now in the form of stablecoins and crypto. And this is, I think, the…
Author: Henry Kanapi
Tens of thousands of crypto traders who were betting against the market got liquidated over the past day as Bitcoin (BTC), Ethereum (ETH) and the rest of the market flashed signs of life. Data from the derivatives and spot market analytics firm Coinglass shows that $123.38 million in shorts were liquidated in the last 24 hours as Bitcoin rallied to as high as $73,460, pushing the crypto market higher. Traders who bet against BTC were liquidated the most to the tune of $53.45 million over the past day. Meanwhile, traders who believed that ETH would plummet witnessed $36.83 million in…
Goldman Sachs sees upside potential building in one stock group that saw significant selling over the past weeks amid concerns of overvaluation. In a new episode of the bank’s This Is the Markets podcast, Goldman Sachs managing director Lee Coppersmith says investor sentiment is now shifting to FOMO, or the fear of missing out, as the S&P 500 is now up about 8% from its 2026 low of 6,316. According to Coppersmith, the FOMO is mostly coming from investors who dumped positions during the height of the AI-disruption fears and rising Middle East hostilities. “Now we have seen a pretty…
The CEO of the stablecoin issuer Circle says blockchain will be at the center of the new digital economy, driven by AI agents that transact, interact and coordinate at scale. In a new No Priors interview, Jeremy Allaire says people mostly believe that the blockchain’s sole purpose in the agentic economy is payments. Allaire says the narrative is far from reality, as blockchain is the only technology in existence that enables AI agents to perform an array of tasks essential to economic activity in the digital world without traditional intermediaries. “And so if you have AI agents that are from…
Prominent on-chain researcher ZachXBT is exposing a network of North Korean IT workers who are infiltrating AI and crypto firms to generate millions of dollars for their handlers. In a new thread on X, ZachXBT says an unnamed source provided exfiltrated data from an internal Democratic People’s Republic of North Korea (DPRK) payment server, including 390 accounts, chat logs and transaction records. According to ZachXBT, the exposé started after a DPRK IT worker’s device was infected with an infostealer, which revealed a data trove outlining a coordinated system built on fake identities, forged documents and crypto-to-fiat conversion pipelines. “It revealed…
High-profile figures in the Trump administration are calling on Congress to swiftly pass a regulatory bill designed to define the rules of the road for crypto assets. Treasury Secretary Scott Bessent spearheads the call, saying that there should be no further delay in passing the Clarity Act. “Congress has spent the better part of half a decade trying to pass a framework to onshore the future of finance. It is time for the US Senate Banking Committee to hold a markup and send the CLARITY Act to President Trump’s desk. Senate time is precious, and now is the time to…
AI mass adoption is now here, as artificial intelligence use is quickly spreading across the country. A new survey from Epoch AI and Ipsos, based on more than 2,000 US adults, finds that roughly half reported using AI tools in the past week, with usage heavily concentrated in specific categories. The data shows information lookup and recommendations as the clear top use case. Around 80% of AI users reported using the technology for search-related tasks, making it the most common application by a wide margin. Writing and editing text ranks second, with roughly 60% of users reporting use, followed by…
Amazon chief executive Andy Jassy says demand for one of the hyperscaler’s products is booming. In his 2025 Letter to Investors, Jassy says Amazon is positioning itself a direct competitor to Nvidia (NVDA), even though it wants to maintain a strong partnership with the leading chipmaker. Jassy believes its chips business is opening new opportunities and will allow the firm to save tens of billions of dollars in AI CapEx per year. “Our chips business is on fire, changes the economics for AWS, and will be much larger than most think. Virtually all AI thus far has been done on…
The CEO of the largest bank in the US says a relatively new technology is posing a threat to JPMorgan’s business. In his Annual Letter to shareholders, Jamie Dimon says JPMorgan is facing “extraordinary” global competition from traditional, nontraditional and new players in the industry. Dimon first says the bank is competing against “strengthened” competitors in the banking industry, particularly other lending giants in the US, as well as strong international and investment banks. He also says the bank is keeping a close watch on dozens of nontraditional financial services firms. “As I’ve detailed in previous letters, our rivals increasingly…
The CEO of Galaxy says the crypto asset management titan is diversifying its portfolio, as it ventures into a new digital investment area. In his 2025 Annual Report, billionaire Mike Novogratz says that while crypto grew on the back of narratives for years, he notes stories alone don’t build an economy. According to Novogratz, the digital economy of the future will be anchored by regulated rails, trusted custody solutions and tokenization platforms, setting the stage for the convergence of infrastructure and regulation. “That convergence is what will unlock the next wave of institutional capital moving on-chain at scale.” Novogratz says…
