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NFT lawsuit against Dolce & Gabbana in doubt as US arm cleared

The US arm of Dolce & Gabbana has escaped a proposed class-action lawsuit over its parent company’s alleged abandonment of a non-fungible token (NFT) project.
In an order on Friday, New York federal court judge Naomi Reice Buchwald sided with Dolce & Gabbana USA Inc., dismissing the lawsuit
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xAI blames code for Grok’s anti-Semitic Hitler posts

Elon Musk’s artificial intelligence firm xAI has blamed a code update for the Grok chatbot’s “horrific behaviour” last week when it started churning out anti-Semitic responses.
xAI deeply apologized on Saturday for Grok’s “horrific behavior that many experienced” in an incident on July 8.
The firm
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Bank of England governor warns against private stablecoin issuance

Bank of England (BOE) governor Andrew Bailey recently warned against banks issuing stablecoins, saying that the Bank of England should focus on tokenizing deposits instead.
Stablecoins introduce systemic risks to banking institutions that could destabilize the entire financial system, causing
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Real-world asset tokens are the new ETFs — CoinFund president

Real-world asset (RWA) tokens can democratize access to investments previously inaccessible to retail traders, similar to how exchange-traded funds (ETFs) expanded retail access to financial instruments when they debuted in 1993, according to Christopher Perkins, president and managing partner of in
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RWAs build mirrors where they need building blocks

Opinion by: Jakob Kronbichler, co-founder and CEO of Clearpool and Ozean
Real-world assets (RWAs) onchain aren’t just a concept anymore — they’re gaining real traction
Stablecoins are proof of that. They’ve become a dominant source of onchain volume, with annual transfers surpassing Visa and
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Collapsed crypto firm Ziglu faces $2.7M deficit amid special administration

Thousands of savers face the grim prospect of losing their investments after administrators uncovered a 2 million pounds ($2.7 million) shortfall at Ziglu, a British cryptocurrency fintech that collapsed earlier this year.
The company, which suspended withdrawals in May, was placed into special adm
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Itheum’s role in addressing the data needs of the AI era

Artificial intelligence is developing at an unprecedented pace, with the global AI market projected to surpass $1.8 trillion by 2030. Advancements in machine learning, natural language processing and other AI technologies are projected to result in a compound annual growth rate of 19.1% for the
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High-leverage trader James Wynn deactivates X account

James Wynn, a crypto trader known for his high-leverage crypto bets, appears to have deactivated his X social media account, following nine-digit losses.
Wynn’s X handle “JamesWynnReal” now routes to a page that says “This account doesn’t exist. Try searching for another.”
The trader’s wallets
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Bitcoin's four-year market cycle isn't dead — Xapo Bank CEO

The four-year Bitcoin (BTC) market cycle of forming new all-time highs followed by deep corrections is not dead, contrary to popular belief, according to Xapo Bank CEO Seamus Rocca.
In an interview with Cointelegraph, the CEO said that the risk of a prolonged bear market is still very real and
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Telegram is not a neobank — it’s the platform where the next ones are born

Opinion by: Vlad Kamyshov, CEO of Evaa Protocol
The race to build the next big Web3 neobank is missing the point. Most projects are still focused on launching standalone apps, creating new interfaces and rebuilding user acquisition strategies from the ground up. It’s a familiar playbook, and
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Asia’s tokenization boom is shifting capital away from the West: Expert

Asia’s leadership in tokenization is drawing growing attention from global investors, with regulatory clarity in the region attracting capital that was once on the sidelines, according to Maarten Henskens, head of protocol growth at Startale Group.
“We’re seeing Western institutions set up
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US Bitcoin ETFs record first back-to-back $1B inflows

US-based spot Bitcoin ETFs recorded over $1 billion in inflows for the second consecutive day on Friday, marking the first time since their January 2024 launch that they’ve seen two back-to-back days with ten-digit inflows.
On Friday, the 11 spot Bitcoin (BTC) ETF products recorded total inflows
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