
US Lawmakers Propose 'AI Kill Switch' to Throttle Frontier Models
The AI Kill Switch Act would let Homeland Security order frontier AI systems shut down, with fines up to $20M per day.
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Original coverage across the crypto market, updated daily.

The AI Kill Switch Act would let Homeland Security order frontier AI systems shut down, with fines up to $20M per day.

New bill would let Homeland Security shut down frontier AI systems, with penalties up to $20 million per day for noncompliance.

The White House responds to Democratic opposition to the CLARITY Act, with ethics provisions remaining a key obstacle.

Senator Cynthia Lummis said she is pleased with the updated bill and expects further talks on ethics and other provisions.

OpenAI internal benchmark incident shows autonomous exploit chains could threaten smart contract security with irreversible losses.

OpenAI's internal test highlights how autonomous AI exploits could threaten blockchain systems.

Grayscale Investments has submitted an S-1 registration statement for a Worldcoin ETF, aiming to offer the first such product in the US.
A Washington state court grants preliminary injunction against Kalshi, deeming its sports prediction markets illegal gambling.
Brent crude hits $90 amid escalating Iran war, raising Fed rate hike expectations and pressuring Bitcoin.
MicroStrategy chairman Michael Saylor argues that corporate involvement is key to Bitcoin becoming global money.
Zerodha's Nikhil Kamath and Coinbase CEO Brian Armstrong caution that premium AI firms face a structural risk, likening the frenzy to past bubbles.
Uniswap token holders vote on two proposals that would channel fees from v4 and Robinhood Chain to the UNI burn mechanism.

Trump Media's plan to sell a Truth Social post feed to traders may create an uneven playing field for prediction markets.

ECB board member Piero Cipollone outlines three threats from digital payments and proposes the digital euro as a remedy.
Bank of America appoints Sonali Theisen to lead digital assets and Kevin Milsom for AI transformation.
Moonshot's latest AI model outperforms competitors, raising concerns about US dominance in artificial intelligence.

Bitwise data shows publicly traded crypto firms gained 23% while tokens fell 36%, a 59-percentage-point divergence.
Base creator Jesse Pollak admits failure of onchain social bet, returns Base app to Coinbase and pivots to trading, stablecoins, and AI.

Blockchain investigator ZachXBT calls hardware wallets 'complete garbage' while Bitcoin steadies near $65,000 following South Korea's rate hike.
Traditional exchange hours mismatch global retail demand, driving regulated evolution from perpetual swaps to CFDs.

The retail trading platform increases its investment in a blockchain-based derivatives protocol.

Coinbase exec Rob Witoff says AI handles most code generation but humans remain crucial for strategy.
JPMorgan and Goldman Sachs lead record earnings, highlighting the strength of traditional finance that stablecoins aim to challenge.

EthSystems, a new spinout from the Ethereum Foundation, aims to bring blockchain privacy technology to the banking sector.