AI has been a ‘net negative’ for crypto: Phemex CEO

Federico Variola says AI has diverted capital from crypto and is empowering attackers, while rising cybersecurity costs could push the industry toward greater centralization.
This is a summary. Read the complete story at Cointelegraph below.
Read full article at CointelegraphRelated Stories

Fed meeting is shaping up to be a nightmare for Warsh. Bitcoin might still shine
An aggressive market expectations trap and a strict aversion to forward guidance have backed the Fed chair into a corner, where failing to deliver a hawkish message risks destroying the central bank’s inflation-fighting credibility.
CoinDesk

Zcash holders overwhelmingly back faster transactions and bitcoin-style halvings
Nearly 2.4 million ZEC participated, with 99.9% backing 25-second blocks and 98.9% voting to preserve the network’s existing halving schedule.
CoinDesk

US charges ex-Robinhood engineers over alleged pre-listing crypto trades
The former employees allegedly earned more than $50,000 each by trading Hyperliquid perpetuals ahead of Robinhood token listings.
Cointelegraph