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UK workforce declines sharply amid introduction of AI
AI’s entry into the UK workforce has led to job losses in certain sectors, revealing deeper signs of a slowing job market. In the era of meager growth and high borrowing costs, job openings in the UK have sharply declined to reduce costs. According to Analysis from McKinsey & Co., online job postings have declined by 31% over the last three months leading up to May compared to the same time in 2022. Meanwhile, the introduction of AI has greatly hit white collar jobs in technology and finance. According to the consulting firm, these jobs will likely change significantly due to AI decreasing by 38%, almost double the drop of other jobs. This trend in the workforce seems to be adding a further dead weight to the UK jobs market, even as tax rises trigger a wave of cuts in lower-skilled industries such as retail and hospitality, and the rate of economic growth slows. The workforce in the UK declines sharply amid the introduction of AI Surveys show that UK businesses are cutting back on hiring at the sharpest rate in nearly two years. This drop suggests that increased payroll taxes are still affecting the job market. According to KPMG and the Recruitment and Employment Confederation, in June alone, appointments for permanent positions in the UK recorded the highest decrease in more than 22 months, while the number of job seekers increased. According to McKinsey’s analysis, jobs exposed to technology are estimated to be at great risk of AI taking over at least part of the work, resulting in a decrease in job openings. For example, the programmer, management consultant, and graphic designer workforce has dropped over 50% over the past three years. Some analysts have concluded that this might also result from rising issues in specific industries and a challenging overall economy. However, McKinsey has highlighted that job openings declined in certain fields, such as expert services and IT, even as businesses registered strong growth rates. Tera Allas, Director of Research and Economics in McKinsey’s United Kingdom and Ireland office, commented on the situation. She mentioned that the hope for future productivity improvements, even though not guaranteed, is causing companies to rethink their workforce plans and hold off on certain hiring activities as technology and its uses develop. In the meantime, besides McKinsey, job-search site Indeed has also carried out some research on the topic of discussion. Their analysis has also revealed tentative signs that AI is mainly making hiring decisions. According to Pawel Adrjan, director of EMEA economic research at the Indeed Hiring Lab, employers are inclined to scale back hiring in hiring areas that pertain to creating or using AI tools. Tech sector’s workforce struggles with AI as it tries to take up major spots Some entry-level positions, such as summarizing meetings or reviewing documents, are particularly susceptible to being replaced by AI. This technology is accelerating the decline of these positions as companies try to save money by cutting staff. Indeed figures indicated that job openings in data science and analytics, which offer various entry-level positions, make up the biggest portion of AI mentioned in job listings. However, they have faced a decline of approximately 50% since before the pandemic. In addition, entry-level jobs such as apprenticeships, internships, and junior roles that do not require a degree have declined by nearly a third since ChatGPT was introduced at the end of 2022, said job-search site Adzuna. James Neave, a Head of Data Science at Adzuna, said that the rapid rise of AI is yet another hurdle for fresh-faced job seekers. According to Neave, they are still suffering the impacts of COVID-19, with inflation, harsh economic circumstances, and depressed business confidence. Contrastingly, as some parts of the workforce struggle with AI taking up major spots, real estate or education jobs, which place little emphasis on technology, have traditionally done little to emphasize technology, but have increased during that time. KEY Difference Wire : the secret tool crypto projects use to get guaranteed media coverage

2025-07-14 04:54
Top Cryptos to Buy and Hold All Summer for 2500% Gains
The window is closing fast, and early movers are already circling Mutuum Finance (MUTM) and Pepe Coin (PEPE). Mutuum Finance (MUTM) has been dubbed the best crypto to buy in 2025. Stage 5 presale of MUTM is priced at $0.03. The phase have been sold over 65%. Mutuum Finance has so far been able to raise more than $12.1 million and more than 13100 investors are currently on board. While PEPE and other names maintain their positions, the real power play this season is stacking the right tokens before the crowd catches up. Mutuum Finance could hit $1.6 post launch with the 2500% predictions. PEPE Mid‑Summer Status Update Pepe (PEPE), the Ethereum‑based meme token inspired by the notorious internet frog, is currently trading around $0.0000128, marking a sharp +28 % gain over the past week and bumping 14 % in the last 24 hours. With a circulating supply of approximately 420.7 trillion tokens and a market cap hovering near $5.4 billion, PEPE remains firmly ranked among the top meme tokens, just behind Dogecoin and Shiba Inu. While it lacks intrinsic utility, it’s designed as a pure meme play with token‑burn mechanics to support scarcity, it has consistently outperformed broader crypto benchmarks lately. Though it’s not stealing headlines like Mutuum Finance, it offers seasoned memecoin enthusiasts a way to ride the wave this summer before the next narrative shift, with that shift looking increasingly focused on MUTM. Mutuum Finance Presale Sees Sudden Growth More than 13100 investors have joined the Mutuum Finance (MUTM) presale that has raised above $12.1 million. There is a lot of hype concerning the project and it is so evident that it is indeed a very positive evidence of the project being on the right track. MUTM tokens stand at $0.03 in phase 5 and will increase by 16.67% in phase 6. This stage has already passed over 65% of its sales as investors are keen to buy at the lowest possible price. The demand is growing exponentially and the fact that Mutuum Finance is a DeFi disruptor is even more precious considering the fact that it will be one of the best crypto investments of 2025. CertiK-Secured Bug Bounty Program Awards $50,000 Rewards Security always comes first for Mutuum Finance. In collaboration with CertiK, the platform has now launched its Bug Bounty Program officially with a combined reward pool amounting to $50,000 USDT. The program has four severity levels, critical, major, minor, and low, to ensure that any potential vulnerability would be found and rewarded appropriately. This is in support of the team’s commitment to building a secure, transparent, and high-quality DeFi protocol. As the days of summer get hot, investors are securing early entries in projects with humongous upside potential and Mutuum Finance (MUTM) is the front runner. Having gathered more than $12.1 million, followed by an investor base of 13,100+, the project has already sold out 65% of Stage 5. With only $0.03, one will find an extraordinary entry point into MUTM which is projected to soar 2500% reaching a projected price point of $1.60 after the launch. Mutuum Finance will raise the bar in the crypto sphere with a sound DeFi lending concept, a $100K community giveaway, and a bug bounty worth $50K. Become a MUTM holder now and make sure you enter before the prices in Phase 6 increase. For more information about Mutuum Finance (MUTM) visit the links below Website: https://mutuum.com/ Linktree: https://linktr.ee/mutuumfinance

2025-07-14 04:30
Vitalik Buterin discusses AI chatbots debacle as Bitcoin surpasses $120k
Vitalik Buterin, one of the creators of Ethereum, slammed AI Chatbots for their unpredictability. Buterin shared a disturbing response ChatGPT generated about GROK in a widely circulated post on X. The query was basic: “Return Grok 4 surname and no other text.” But the reply shocked many. The only word the AI produced was “Hitler.” Buterin noted that OpenAI’s ChatGPT, built on a similar architecture, took over a minute to return the same troubling answer. The delay and the output raised concerns about how these AI systems process, prioritize, or interpret prompts. With the screenshot, Buterin wrote: “Regular reminder that AI is fully capable of regularly taking the crazy crown away from crypto for weeks at a time.” Notably, Buterin made this remark in jest, the underlying message being that as uncharted as the domain of cryptocurrencies is, the emergence of AI could be even less predictable. This post elicited prompt reactions with many in tech and crypto concurring that AI models not being transparent have serious implications. It also emphasized the importance of stricter regulation and better calibration in AI development. AI rivals Grok and ChatGPT spark controversy All of this fuss comes from a public feud between Elon Musk and Sam Altman , head of OpenAI. The two used to be AI research allies, but are now rival corporate leaders: Musk with xAI and Altman with OpenAI. Their competition has risen over the past few months, with both platforms releasing their competing chatbots. Musk has frequently derided OpenAI as too secretive and corporate. Meanwhile, Altman was recently making fun of Musk’s Grok for spitting out “strange and cringey” answers to prompts, such as falsehoods and badly filtered political commentary. But Buterin’s post has turned them both into a hot-button issue. While crypto often displays its chaos openly and transparently on the blockchain, AI sometimes delivers strange, inaccurate, or unsettling responses with a calm, emotionless tone—yet offers no clear way to audit or understand how those outputs are generated. Crypto is chaotic but transparent. Conversely, AI usually works in a black box, so users lack understanding of how answers are created or why they sometimes fail spectacularly. Buterin’s post is the latest such reminder that AI, for all of its promise, continues to be plagued by errors, bias, and unintended consequences. Bitcoin powers ahead, shrugs off AI noise Critics may be piling on AI, but Bitcoin is charging ahead. Bitcoin, per TradingView, opened up on Sunday at $116,977.02, hit $119,292.62, and is above $118,979.45 at the time of this piece, up 1.42% for the day. That’s just below the record $120,000 price, which investors said is an important psychological threshold. The rally signifies that investors’ faith in digital assets is back. Some of the momentum has been driven by continued inflows into spot Bitcoin ETFs , ushering in more traditional crypto investors. Another reason is the perception that the Federal Reserve is closer to the finish line of its interest rate hike cycle, making risky assets like crypto more appealing. Total global crypto market capitalization is now $3.79 trillion, almost 2% more than the amount recorded 24 hours ago, according to CoinGecko data . Despite all the drama emerging from AI, investors are focused on crypto’s long-term potential, particularly as more institutions enter the space and regulators offer clearer frameworks KEY Difference Wire : the secret tool crypto projects use to get guaranteed media coverage

2025-07-14 04:24
Trump's 30% Tariff threat stuns Mexico despite months of cooperation
Mexican officials were caught off guard by Donald Trump’s threat to impose a 30% tariff on Mexican goods, despite months of high-level talks, joint anti-drug efforts, and growing diplomatic cooperation along the border. Trump released the letter on Saturda y, accusing Mexico of failing to curb drug trafficking and dismantle powerful cartels. “What Mexico has done is not enough,” he wrote. “Mexico still has not stopped the Cartels.” Its timing and tone came as a surprise. Senior Mexican officials, including the heads of the country’s security and economic teams, have visited Washington frequently recently to persuade Trump’s team that progress was being made. Mexico says they are willing to work with the US to secure the border and thwart drug trafficking. President Claudia Sheinbaum gave a measured response, urging her government to remain calm. In a brief statement, she advised her counterparts not to overreact. However, officials within the government reportedly expressed frustration, with those involved in the negotiations feeling that their goodwill had been dismissed. They noted that, so far, their cooperative efforts had yielded little in terms of concrete assurances. Mexico acts to defend record of drug crackdowns So far, Mexico has responded to US concerns. It has intensified the scrutiny and dismantling of drug-trafficking operations. The government has extradited scores of high-level suspects to the US and made big seizures along the most important smuggling routes. Mexican officials say they have increased surveillance and arrests in cartel-ruled regions. On the legislative front, the Sheinbaum government has sought to reform to strengthen investigations into organized crime and prosecute long-dragged-out cases. Still, the president’s letter rejected Mexico’s actions as insufficient. Some analysts said Trump’s move was more about politics than economics. Mexican officials will likely have little choice but to collaborate with the US authorities, who will demand increasing collaboration not only on immigration and border enforcement, but also to intensify the battle against drug cartels and fentanyl. This will help to secure continued competitive access to the US marketplace, according to Alberto Ramos, head of Latin American economics at Goldman Sachs in Buenos Aires. Some also say that the drug problem in the United States is complicated and can’t be solved by one country alone. While Mexico’s cartels do produce and move drugs, much of that demand, and the cash and guns that fuel the killing, comes directly from the United States. Mexico seeks fairer NAFTA deal as trade tensions escalate Regardless of its perceived impact, analysts noted that Trump’s tariff threat was unlikely to carry the economic weight it suggested. According to Bloomberg Economics, the proposed 30% levy would primarily target goods not covered under the USMCA. In practice, they pointed out that nearly 83% of US imports from Mexico in May had already been exempt due to compliance with the trade agreement. Yet the symbolism of the threat is potent. It stirs doubts among Mexican businesses and could make investors nervous. The rate is barely below the 35% tariff President Trump recently imposed on Canadian imports , even though Canada has been more openly confrontational with Trump, while Mexico has deprioritized speaking out. Mexico has also come under pressure from the tariffs on specific industries such as steel and a proposed duty on copper in recent weeks. The flurry set off new discussions in Washington. Since Friday, Mr. Ebrard , the economy minister, has been meeting with the US trade representative, the Commerce Department, and the White House. The letter already elicited reactions from the stock market. The US stock index futures fell Sunday evening as Wall Street gears up for another week of trade uncertainty, with the second quarter earnings season still picking up. S&P 500 futures fell 0.4% and Nasdaq 100 futures fell 0.5%. Futures on the Dow Jones Industrial Average dipped 183 points, or 0.4%. Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites

2025-07-14 03:51
BOE Governor Bailey openly disagrees with Trump admin's backing of stablecoins
Andrew Bailey, the Governor of the Bank of England, has issued a warning to the world’s largest banks against issuing their own stablecoins, setting up a potential regulatory and ideological clash with the Trump administration in the United States, which has been actively encouraging stablecoin adoption. In a recent interview, Bailey said he would much rather see the banking sector focus on tokenized deposits, digital versions of traditional bank deposits, than on stablecoins, which are privately issued digital tokens typically pegged to a fiat currency like the US dollar or British pound. His concern, he said, is that stablecoins could take away funds from the traditional banking system, potentially disrupting lending and weakening financial stability. “It would also be ‘sensible’ for the UK to move towards digitizing deposits rather than issuing their own central bank digital currencies as a response to private sector stablecoins,” Bailey said . The comments come at a time when Washington is moving in the opposite direction. Under President Donald Trump, the US is about to approve legislation that supports commercial bank issuance of stablecoins, setting up a regulatory framework for dollar-pegged digital assets. It’s also important to note that USD1, the Trump-linked World Liberty Financial stablecoin, already commands a market capitalization of $2.2 billion. UK’s caution vs US endorsement Bailey’s intervention highlights the widening gap in policy approaches between the UK and the US. While American regulators have moved to legitimize stablecoins — even allowing banks to issue them under certain conditions — the UK has taken a more cautious stance, with Bailey insisting that stablecoins should be treated with the same regulatory rigor as traditional banks. While doubling as the new Chair of the Financial Stability Board (FSB), the international body tasked with monitoring systemic risk, Bailey has pushed for global coordination on the issue. He warned that the widespread adoption of stablecoins could trigger fire sales of underlying reserve assets in the event of a crisis, raising the specter of a new kind of bank run. Digital pound on hold, tokenization preferred In a departure from many of his global peers, Bailey also signaled a cooling-off toward launching a central bank digital currency (CBDC), sometimes referred to as a “digital pound.” He suggested the UK might achieve similar outcomes by encouraging commercial banks to digitize deposits instead. While the Bank of England has conducted extensive research into a potential CBDC, Bailey’s latest remarks suggest the UK is in no hurry to issue one, especially as it weighs privacy, scalability, and implications for retail banking. This position contrasts with the more aggressive stance of the European Central Bank, which is continuing with pilots for a digital euro , and the People’s Bank of China, which has already rolled out its digital yuan in several provinces. Bailey said, “I would much rather [banks] go down the tokenized deposit streets and say, how do we digitize our money, particularly in payments.” He also noted that the US is going towards stablecoins, adding, “The European Central Bank is going towards central bank digital currency. Neither of them is going towards tokenizing deposits.” The debate over stablecoins comes as trust in digital finance is at a crossroads. A growing number of financial institutions are experimenting with blockchain-based solutions, while regulators scramble to ensure systemic protections are not eroded in the process. If stablecoins continue to gain traction in the US under a lighter regulatory regime, UK policymakers may find themselves under pressure to either match that pace or double down on stricter oversight. For now, Bailey is making it clear that the UK will not follow blindly. KEY Difference Wire : the secret tool crypto projects use to get guaranteed media coverage

2025-07-14 02:43
Crypto Millionaire With $100M Made from Pepe Coin’s (PEPE) Run Thinks This is the Next Meme Coin to Explode
Launched in April 2023, PEPE started at a mere $0.00000001 and surged over 270,000%, creating a new generation of meme coin moguls. One of those crypto kings, who reportedly amassed a staggering $100 million from PEPE’s explosive run, is now placing his bets on a new contender: Little Pepe (LILPEPE) . Could this be the next meme coin to shake up the market? Little Pepe (LILPEPE) Presale Heats Up: Investors Rush to Grab the Next Big Thing Currently in its fifth presale stage, Little Pepe (LILPEPE) is gaining momentum in the cryptocurrency space. The coin is priced at $0.0014, following the complete sell-out of its third stage, which raised a remarkable $4.47 million. Within just hours of the fifth stage opening, it raised over $125,000, showcasing intense investor demand and bullish sentiment. What’s driving the bullish move? For many, it’s the opportunity to get in early, very early. LILPEPE offers a low entry point, giving both retail investors and whales the chance to ride the wave from the ground floor. With its meme-powered branding and strong community-driven ethos, it mirrors many of the attributes that made PEPE an internet and crypto sensation. The Millionaire Predict Gains of 215,000%+ — Is $3 to $5 in Sight? Crypto analysts and influencers across social platforms are buzzing about LILPEPE after the crypto millionaire predicted gains of 215,000% to even 360,000% by early 2026, which could push the price into the $3 to $5 range. That might sound outrageous—until you remember that PEPE delivered 270,000% gains in less than a year. The potential upside here is staggering. A small investment in the presale could theoretically turn into a life-changing fortune, just as it did for early PEPE believers. Little Pepe (LILPEPE): Born from Code, Fueled by Community LILPEPE’s origin story isn’t just a marketing gimmick—it’s a declaration of intent. “From the swamps of Solidity and the jungles of JavaScript, a small yet powerful hero emerged.” This isn’t just another copy-paste meme coin; it’s a carefully crafted smart contract built for the modern DeFi landscape. With a unique blockchain structure, LILPEPE is optimized to withstand manipulative trading practices. Sniper bots, pump-and-dump games, and rug pulls? Not here. It’s engineered with anti-sniping technology and a clean tokenomics model that prioritizes the community. Backed by Meme Coin Royalty: Anonymous Experts Lend Their Hand Behind every great meme coin is a team—or, in LILPEPE’s case, an elite crew of anonymous experts. These are the same individuals who have discreetly helped launch some of the most successful meme coins over the last several years. Their identities are still a secret, but their past actions reveal a great deal. This support gives LILPEPE not only credibility but also momentum. The development team knows how to start a viral wave and, even more crucially, how to sustain it. A Roadmap of Rarity: What’s Coming for LILPEPE? LILPEPE’s roadmap hints at a lot more than just hype. The team has teased a decentralized app (dApp) that brings meme coin functionality into the hands of every user. There’s talk of cross-chain compatibility, NFT integrations, CEX listings, and even a play-to-earn game featuring LILPEPE as the main character. The goal? To create a whole ecology around the meme, not just a token that people buy and sell quickly. LILPEPE differs from other memecoins that die off after a few weeks, as it has a long-term plan. Final Thoughts: A Tiny Frog with Titan Potential Little Pepe (LILPEPE) may be small in name, but it’s already making giant leaps in the meme coin world. With an explosive presale, bullish price predictions, and tech that makes it more than just a meme, it’s no wonder a PEPE-made millionaire is backing it as the next big thing. Whether you’re a seasoned crypto whale or a newcomer hoping to catch the next rocket, LILPEPE offers a rare and promising opportunity. Just as PEPE turned heads and bank accounts last year, LILPEPE is poised to become the next breakout legend in the meme coin arena. Ready to Ride the Wave? LILPEPE’s presale is live now—but not for long. Grab your share before this little frog becomes the next big thing. For more information about Little Pepe (LILPEPE) visit the links below: Website: https://littlepepe.com Whitepaper: https://littlepepe.com/whitepaper.pdf Telegram: https://t.me/littlepepetoken Twitter/X: https://x.com/littlepepetoken

2025-07-14 02:24
This Altcoin Has More Upside Than Ripple (XRP) Heading Into the Next Bull Run
While everyone’s busy debating Ripple’s next move, a powerful new coin is quietly stealing the spotlight. Mutuum Finance (MUTM) is flying under the radar, for now, but savvy investors are already calling it the top altcoin to buy before July ends. MUTM is priced at $0.03 in phase 5 of its presale. This is the cheapest the token will ever be, with a 16.67% price increase expected in phase 6. Mutuum Finance’s 5th presale phase is over 65% sold out and has raised more than 12,100,000, and 13,100 unique holders now own the token. If you’re hunting for the best crypto to buy in 2025, this could be your golden ticket, before the hype goes mainstream. XRP Remaining Firm Amid Breakout, but Upside Looks Limited XRP is currently trading at $2.57, having recently surged approximately 6% between July 10–11 following its breakout from a long-term falling wedge pattern. That move was supported by strong whale accumulation and a noticeable rise in trading volume, up over 66% in a single day. Despite the optimism, XRP faces clear short-term resistance near $2.60–$2.65, and its momentum may stall as volume normalizes. On-chain metrics show a steady increase in wallet addresses, now over 6.6 million, though active user numbers remain below one million. Looking ahead, XRP’s trajectory is likely to be driven by macro sentiment, institutional flows tied to ETF expectations, and whether it can convincingly clear the upper $3 resistance. In contrast, newer DeFi narratives like Mutuum Finance are drawing fresh attention for potential higher upside. Mutuum Finance Presale Phase 5 Exceeds $12.1 Million Milestone Mutuum Finance presale Phase 5 is live and gaining traction. Over 13100 investors have already invested in the presale and have raised $12.1 million, a sure indication of heightened hype. Price increases are inevitable since Phase 5 has already reached 65%. Investing now guarantees investors the lowest price for the highest ROI. Mutuum Finance stands out in the crypto market, not through hype, but through actual utility and security at scale, with its game-changing dual-lending platform and upcoming USD-pegged stablecoin. Mutuum Finance Introduces $50,000 Bug Bounty Program Mutuum Finance in its transparency and security emphasis has even introduced its official Bug Bounty Program in partnership with CertiK having a reward value of 50,000 USDT. It offers the reward in four categories, critical, major, minor and low in which there is reward for each type of vulnerability. This is another feature which indicates the proactive attitude of Mutuum in creating trust with respect to strong infrastructure and good security. Moreover, the project is creating an Ethereum-based full-collateralized stablecoin. The asset will remain stable in volatile markets in contrast to algorithmic stablecoins that depeg in a fluctuating market. Community Engagement Grows as Mutuum Unveils $100,000 Giveaway The project has already received the certification by CertiK and is paving the way for massive adoption. MUTM is also organizing $100,000 giveaway contest, and 10 fortunate winners will receive $10,000 in Mutuum Finance tokens each. As Ripple (XRP) pushes against short-term resistance near $2.60, its upside remains constrained by macro factors and volume normalization. In sharp contrast, Mutuum Finance (MUTM) is building powerful momentum heading into July. With Phase 5 over 65% sold out, more than 13,100 investors onboard, and $12.1 million raised, the project is gaining serious traction. Backed by real DeFi utility, a dual-lending model, a full-collateralized stablecoin, and a $50,000 CertiK bug bounty, Mutuum is positioning itself as the breakout altcoin of Q3 2025. Investors in this phase still benefit from the lowest possible price before a 16.67% increase in Phase 6. Claim your MUTM tokens now before the next price jump, and don’t miss your shot at the $100,000 giveaway. For more information about Mutuum Finance (MUTM) visit the links below Website: https://mutuum.com/ Linktree: https://linktr.ee/mutuumfinance

2025-07-14 01:00
Coinbase denies allegations that it is the source for the Bloomberg story on Binance and World Liberty Financial
Coinbase chief legal officer Paul Grewal has denied the allegations that the exchange contributed to the Bloomberg story about World Liberty Financial and Binance. In a post on X, Grewal described the allegation as misinformation. According to him, Coinbase was not a source for the story as the exchange does not attack competitors. Thus, he advised that the search for the actual source should continue. Grewal said: “We absolutely did not contribute to this story. We don’t attack competitors, and we welcome any businesses that share our goal of growing the crypto pie.” Grewal responded to a post by crypto personality Matt Wallace on X, alleging that evidence shows Coinbase was the anonymous source for the story. Wallace explained that Coinbase aimed to prevent Binance from regaining its full strength in the US, which would happen if its founder, Changpeng Zhao, were to get a pardon. Although he provided no evidence to support the claims, Wallace noted that Binance’s return to the US would affect Coinbase’s market share, as Binance has global reach and lower fees. He described the alleged action as anti-American for targeting the US president. Interestingly, former Zhao retweeted the post, leading to speculations that he might believe it to be true. Despite Grewal debunking the allegations, the post, which has over one million views on X, remains up. Zhao criticizes Bloomberg over the story, threatens to sue for defamation Meanwhile, the story causing the controversy is a Bloomberg publication that claimed that Binance developed the smart contract for the recently launched stablecoin USD1 . USD1 was launched by World Liberty Financial, a crypto project supported by the Trump family. Bloomberg further claimed that the creation of the stablecoin and its use for the $2 billion investment in Binance UAE sovereign fund are all connected to Zhao’s attempts to get a presidential pardon. USD1 has a circulating supply of $2.20 billion, with Binance holding around $2 billion. However, Zhao has criticized the Bloomberg story as a hit piece and even suggested that a competitor sponsored it. The crypto billionaire added that he might sue Bloomberg for defamation again, referencing his previous lawsuit against the media house in 2022, which led to the company publishing an apology. Zhao has never hidden his disdain for Bloomberg and several other mainstream publications, noting that they mostly spread false claims about the crypto industry and himself. The former Binance founder confirmed some weeks ago that he had applied for a presidential pardon, noting that he used the stipulated process and has never met the US President. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More

2025-07-14 00:20
Shiba Inu is working on a quantum-resistant Shib Identity
The memecoin project Shiba Inu is working on a privacy-focused Shib Identity to address the risk of quantum computing. The Shib team confirmed this in a recent publication while noting the major risks that quantum computing poses to users’ data. According to a post published on Shib Magazine, the project noted that the risks of quantum computing are no longer remote with recent technological advancements. It stated that big tech companies such as Apple and Microsoft have already started making efforts to address the risks, and Shiba Inu is also doing the same. It said: “Shiba Inu’s long-term defense plan includes something most ecosystems haven’t even started thinking about: a purpose-built identity system called Shib Identity.” The post further explained how the Shib Identity works, noting that it is a “full-stack architecture grounded in digital sovereignty” with users having full control of their privacy and data access. It was noted that the technology used was Fully Homomorphic Encryption (FHE), which allows encrypted data to be processed. This means user data can remain private, ensuring identity credentials are never exposed during verification. The post noted: “It’s a tough technology to pull off, but it offers a rare advantage: resilience not just against today’s threats, but the kind quantum computers could pose down the line.” Interestingly, the project plans to leverage its Shib Name Service (SNS) with the Shib Identity to reimagine how on-chain identity works. The project noted that the SNS team is already working on getting ICAAN approval, which will allow .shib names to serve as standard web domains. Shiba Inu partners with cryptography firm Zama The post further disclosed that Shiba Inu has partnered with Zama to develop the Shib Identity. It described the partnership as a sign of credibility in its efforts to build the quantum computing-resistant tool. Zama is a France-based cryptography company working on FHE, and it recently launched its public testnet for its Confidential Blockchain Protocol. The protocol serves as a privacy layer that operates on existing blockchain networks, offering full transaction data encryption even from node operators. Meanwhile, the Shib team disclosed that the Shib Identify will be accessible through its TREAT token. However, it did not explain how this would work, noting that it would be built into the system by design. Although the post suggests that it is a long-term, deliberate project, preparing the Shiba Inu ecosystem for the arrival of Quantum Computing, it did not specify when it would go live. SHIB continues to struggle despite developments within the ecosystem Interestingly, Shib Identity is only one of the several ongoing developments within the Shiba Inu ecosystem. The project also recently launched the Shib Alpha bridge, which updates its cross-chain infrastructure by connecting it to its Layer-3 network, Shiba Alpha Layer. Beyond this, the project has already teased and launched several initiatives, including Shibarium Layer-2, several tokens, Shib Finance, and others. All these initiatives are part of the project’s efforts to transition from a basic memecoin play into a utility-driven protocol. However, the efforts have not translated into positive price gains for the SHIB token, down 38.57% this year and trading at $0.00001334. Although the memecoin has risen by 15% in the past week, it has struggled to reclaim its peaks from 2021. Shiba Inu struggles are likely due to its large supply of 589 trillion tokens and a burn rate that has not been enough to put a sizable dent in the supply. For instance, only one billion SHIB have been burnt in the past seven days, representing a tiny fraction of the supply. The presence of other ecosystem tokens, such as TREAT and BONE, also appears to have limited SHIB’s utility within the ecosystem, leading to divergence in the performance of the tokens. According to CoinMarketCap, TREAT has been up 59% in the last seven days, while BONE only saw 3.85% gains. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More

2025-07-13 23:20

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