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A Dark Money Group Is Secretly Funding High-Profile Democratic Influencers
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A Dark Money Group Is Secretly Funding High-Profile Democratic Influencers

by admin August 27, 2025


“I’ve spent most of my career researching right-wing media and sounding the alarms about the collapse of our old information environment,” Ellie Langford, the director of programming at Chorus, said on a Zoom call with dozens of creators in June. “Our political systems haven’t been able to figure out a real solution, and I’ve been really excited to see you all treading the path forward. I deeply, deeply believe that the work you all are doing is what’s going to make the difference in supporting and frankly resuscitating our democracy.”

Already, creators in the program are creating content together. In a new weekly series titled “Good News in Politics,” six creators in the program shared a collaborative video running through political wins. “Follow these creators bringing you hope instead of doomscrolling: @sander_jennings, @eorlins, @jesscraven101, @tono.latino, @gemma_talks, @thezactivist,” they posted.

While some creators have been eager to work with Chorus, others distrust the organization. This spring, Chorus faced a wave of backlash from prominent content creators whose images were included in the firm’s fundraising decks without permission. “I was included on some [of Chorus’] decks like, ‘We have access to V,’ when you do not,” said V Spehar, a liberal content creator with over 3.5 million followers on TikTok.

The faces of several well-known influencers were featured prominently on the Chorus website beneath a giant DONATE button. However, users who clicked the button were taken to a fundraising page for Chorus instead of anywhere their dollars would go directly to the creators featured.

Progressive YouTuber and former Media Matters staffer Kat Abughazaleh, who’s running for Congress in Illinois, was pictured on Chorus’ website and included in fundraising decks without her consent. She asked that her image and name be removed and no longer used for fundraising purposes.

Spehar and other content creators have accused Chorus of attempting to establish themselves as a gatekeeper to Democratic political leaders. “What we need is for people to invest in independent media, and that doesn’t necessarily mean investing in a consulting group that is going to become a middleman for independent media,” says Spehar.

Several influencers who doggedly defended Chorus throughout that controversy, including Elizabeth Booker Houston, a Democratic comedian and content creator on Instagram, and Allie O’Brien, a progressive creator with more than 600,000 followers on TikTok, were involved in membership talks for the highest-paid tier in Chorus’ new creator incubator program. (Houston did not respond to requests for comment; O’Brien declined to comment.)

Still, some creators heard about The Sixteen Thirty Fund and Chorus funding initiative and applied to join.

One creator named Chesko, who goes by @thespeechprof online, applied to join the program because he viewed it as an “opportunity to get access to people that have funding or backing and actual research that I could use,” he says.

Ultimately, he wasn’t accepted and received an email on June 26 rejecting his application. “We are planning to bring more creators into the Incubator program in the near future,” Chorus wrote.





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August 27, 2025 0 comments
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Streaming money: Stablecoins are redefining payments
Crypto Trends

Streaming money: Stablecoins are redefining payments

by admin August 24, 2025



Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial.

A term once rooted in music and television is now being redefined in the context of financial markets: streaming. Colloquially synonymous with on-demand content delivery, “streaming” is expanding to mean something more tangible — money that moves continuously, instantly, and with transparency, powered by blockchain rails and stablecoins.

Summary

  • From songs to money: Just as Spotify and Netflix replaced buffering with instant streaming, stablecoins are doing the same for finance — turning slow, clunky payments into real-time settlement.
  • The problem with legacy rails: ACH takes days, wires are costly, and even modern apps like Venmo run on outdated banking infrastructure. We’re still “downloading” our money.
  • Stablecoins in action: Already moving $11T in 2024, they enable global, instant, final settlement — programmable dollars for payroll, remittances, e-commerce, and more.
  • Payroll revolution: Instead of biweekly checks or costly earned-wage advances, workers could be paid in real time — even by the second — with blockchain-based stablecoins.
  • The new financial standard: Like streaming media, streaming money will soon be non-negotiable. Stablecoins are cheaper, faster, borderless — and poised to outpace FedNow and legacy rails.

From buffering songs to instant play: How streaming got its start

In the late 1990s, early internet startups began experimenting with the concept of streaming media. Instead of relying on physical media or downloadable files, companies like RealNetworks introduced RealPlayer, a tool that lets users play specific songs or videos over the internet. However, the limitations of dial-up connections and copyright licensing slowed adoption. It wasn’t until broadband infrastructure matured in the mid-2000s that streaming began to take off. With the enhanced infrastructure of the internet, the likes of Spotify and Netflix became ingrained household names, and their growth represents important bellwethers of trends in the consumer economy.

Streaming didn’t just change content delivery — it changed the way value was distributed.

Historically, most financial infrastructure has been built around batch processing and deferred settlement. ACH transfers in the U.S. take 1–3 business days to clear, and even “Same Day ACH” isn’t truly instantaneous. Wire transfers can settle within hours, but they’re costly, manual, and usually restricted to business hours. Meanwhile, apps like Venmo, Cash App, and Zelle have built sleek consumer experiences — but under the hood, they still rely on the legacy plumbing of the U.S. banking system.

In short, we’ve been streaming our content for around twenty years. But we’re still downloading our money.

A similar paradigm shift to media streaming is now emerging in the world of finance. Just as Spotify and Netflix redefined media consumption, stablecoins are poised to revolutionize how money moves — not in the future, but right now. 

Banks and regulators need to adapt to this shift or risk irrelevance. The elimination of time delays and expensive middlemen is not just an incremental improvement; it’s the new standard for finance. Programmable digital dollars are smart — they can move seamlessly according to customizable instructions. They will become particularly prescient as we see AI agents automate more back-office flows. Stablecoins will be the currency de guerre of AI down the line.

Stablecoins and the streaming of payroll

Stablecoins are digital tokens, typically pegged 1:1 to the U.S. dollar, that live on public blockchains. Unlike traditional digital dollars, they can move globally, instantly, and settle with finality. According to CoinMetrics, almost $11 trillion of stablecoin volume moved across public blockchains in 2024.

Let’s consider payroll, one of the most ubiquitous and impactful applications of money movement. In the U.S., most employees are generally paid every two weeks — a lagging custom rooted in decades-old processes and regulatory overhead. But in reality, these workers are extending interest-free loans to their employers in the form of unpaid labor.

To bridge that gap, some companies offer Earned Wage Access (EWA) programs, allowing workers to tap into wages they’ve already earned — but for a fee. According to the Consumer Financial Protection Bureau, some EWA providers charge $1–$6 per advance, which adds up quickly for low-wage workers.

What if employees could be paid in real time — even by the second?

With programmable, blockchain-based stablecoins, that’s not just possible — it’s already happening. This concept is already being adopted by decentralized autonomous organizations, remote-first startups, and global teams that need faster, borderless payroll options. It is kicking off the start of a massive sea change in the employer/employee relationship.

The coming Renaissance in finance

Much like streaming changed the media industry forever, blockchain-based payments — and stablecoins specifically — are poised to reshape the movement of money. We’re entering an era where financial services are always-on, where capital is liquid and programmable, and where the 9-to-5 settlement windows no longer define our economic relationships.

It’s no coincidence that the rise of stablecoins coincides with growing dissatisfaction around traditional financial rails. The Real-Time Payments network by The Clearing House and the FedNow system launched by the Federal Reserve are steps in the right direction, but both are U.S.-centric, permissioned, and require bank integration. Stablecoins, by contrast, are global, accessible to anyone with an internet connection. They are open, meaning developers and businesses can build on them without requiring special permissions. They offer fast and final settlement with transactions with no chargeback risk. And they are cost-efficient, significantly reducing fees from middlemen and wires.

As of mid-2025, stablecoins like USD Coin (USDC), Tether (USDT), and emerging native-chain assets are powering a wide array of financial products — from remittances to e-commerce to capital markets.

The concept of streaming money is no longer theoretical. It’s happening now — and it will soon become the default.

Just as no one wants to wait three days to hear a song or watch a show, soon no one will want to wait three days to get paid, settle a trade, or send funds to family. Streaming transformed media. Streaming is now transforming money. And stablecoins are the technology making it all possible.

Megan Knab

Megan Knab is the CEO and founder of Franklin. Megan has more than eight years of experience at the intersection of crypto and finance. Today, Megan serves as the CEO and Founder of Franklin, a platform for businesses to manage their on and off-chain financial operations in one place, to drive the future of payroll services in a web3 world. Prior to creating Franklin, Knab worked at industry-leading companies such as ConsenSys, DriveWealth, and, most recently, Serotonin, a web3 marketing firm and product studio, where she served as Vice President of Finance. Since finding her passion in next-generation finance, Knab has focused on helping businesses scale in the evolving financial landscape to optimize cash flow and ensure fast, reliable, and tax-compliant payroll solutions.



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August 24, 2025 0 comments
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US government takes 10 percent stake in Intel in exchange for money it was already on the hook for
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US government takes 10 percent stake in Intel in exchange for money it was already on the hook for

by admin August 23, 2025


The US is investing $8.9 billion into Intel, but most of the funds come from money that the government was supposed to pay the embattled chipmaker anyway. In an announcement on Friday, Intel said the federal government will fund its investment using the remaining $5.7 billion in grants it hasn’t yet received under the Biden administration’s CHIPS Act, in addition to the $3.2 billion received as part of the Secure Enclave program.

President Donald Trump confirmed the investment during a press briefing before the formal announcement, saying Intel CEO Lip-Bu Tan agreed to give the government a 10 percent stake. Earlier this month, Trump called on Tan to resign over his ties to China, and today he positioned the deal as a way for the executive to “keep his job.”

Trump told reporters that he floated the offer during negotiations with Tan. “I said, ‘I think it would be good having the United States as your partner,’” Trump said. “They’ve agreed to do it, and I think it’s a great deal for them.” Intel has already received $2.2 billion under the CHIPS Act.

The government’s investment in Intel “will be a passive ownership, with no Board representation or other governance or information rights,” according to Intel. “We are grateful for the confidence the President and the Administration have placed in Intel, and we look forward to working to advance U.S. technology and manufacturing leadership,” Tan says in the press release.

The confirmation of the deal comes just days after SoftBank announced plans to invest $2 billion into Intel to “further expand” chipmaking in the US.

Treasury Secretary Scott Bessent hinted at the government’s potential investment this week, saying during an interview with CNBC that it “would be a conversion of grants” meant to “stabilize the company for chip production here in the US.”

It doesn’t seem like this is the end for Trump’s approach to deal-making, as he said during the briefing that “he’ll do more of them” in the future.

Update, August 22nd: Added information from Intel.



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August 23, 2025 0 comments
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Here's why smart money could target this low cap gem
NFT Gaming

Here’s why smart money could target this low cap gem

by admin August 20, 2025



Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Solana memecoins surge, but new rival XYZVerse’s presale gains steal market spotlight.

Summary

  • XYZVerse, the first all-sport memecoin, rises with sports fandom focus, aiming to rival SOL and ADA.
  • Backed by G.O.A.T. branding, it blends memecoins with GameFi, gaining traction beyond hype.
  • XYZVerse presale momentum grows as sports-driven memecoin targets major gains for early adopters.

Recent moves by Solana and Cardano have caught attention, as many eyes turn to their next steps this September. 

While big names battle for the spotlight, some investors are shifting focus. A lesser-known project, XYZVerse (XYZ), is starting to draw interest from those tracking new trends. There may be more to this story than what meets the eye.

XYZ and the sports-crypto crossover: Can it live up to the hype?

Memecoins have always thrived on culture and community, and the latest entrant, XYZVerse, is betting big on sports as its cultural anchor. Positioned at the intersection of crypto and fandom, the project is appealing to enthusiasts of football, basketball, MMA, and even esports. 

Rather than being framed as “just another token,” XYZVerse wants to build a community around a shared passion for competition.

Chasing the G.O.A.T. title

The team behind XYZVerse has embraced the Greatest of All Time (G.O.A.T.) branding — a bold signal that they want to stand out from the wave of short-lived meme tokens. The project recently gained traction by being named Best New Meme Project, which suggests it’s starting to get recognition beyond its own circles.

Unlike many memecoins that live and die on hype cycles, XYZVerse is presenting itself with a roadmap and community-driven ambitions. Whether that will translate into long-term relevance remains to be seen, but the intent is clear: they want staying power.

Presale momentum

At the time of writing, XYZVerse is in presale and has already raised more than $15 million. Here’s a look at the pricing structure:

  • Launch Price: $0.0001
  • Current Price: $0.0053
  • Next Stage: $0.01
  • Final Presale Price: $0.02
  • Target Listing Price: $0.10

If the token does list at its projected price, early presale buyers could theoretically see significant returns. Of course, such projections in crypto often hinge on whether the project sustains demand and delivers on its roadmap.

The bigger picture

What sets XYZVerse apart isn’t just the presale hype — it’s the way it’s framing the token as a “badge of honor” for sports and crypto fans. This narrative could resonate in a space where identity and belonging are as important as financial speculation.

Still, questions remain: Can XYZVerse sustain momentum once the token is publicly traded? Will the community continue to grow after the initial excitement fades? These are the factors that will ultimately determine whether XYZVerse becomes a long-term player — or just another fleeting meme coin experiment.

Solana

Source: TradingView

SOL has recently shown a modest gain, with a 2.46% increase this week and a 1.19% climb over the past month, staying within a $173-$209 range. Over the last six months, it has seen a 6.00% rise, indicating a slow but consistent upward trend. Despite short traders attempting to push it below $173, buyers have consistently countered these dips.

Near-term indicators suggest a mixed outlook. The 10-day average of $182.64 remains below the 100-day line at $188.25, indicating a need for stronger bullish momentum. Momentum gauges are low, suggesting that selling pressure is diminishing, but conviction among buyers is weak.  

Key price levels to watch are $227.70 and $155.26. If SOL surpasses $227.70, it could potentially reach $263.92, representing a 30%-40% increase from its current midpoint. Amid an increasing institutional interest, Solana’s long-term forecast looks bullish.  

Cardano

Source: TradingView

ADA recently saw a 16.95% increase over the past week, surpassing its 8.92% gain in the last 30 days and its 16.80% rise over six months. The coin is currently trading within a narrow range of 0.81 to 1.07, as traders test both support and resistance levels. The market sentiment is cautious but active.

The 10-day moving average is at 0.92, and the 100-day moving average is at 0.94, indicating minimal long-term price deviation. Both the Relative Strength Index (RSI) at 39.29 and the stochastic oscillator at 25.71 are near oversold levels, suggesting that selling pressure might be diminishing. The Moving Average Convergence Divergence (MACD) is slightly negative at -0.0044, indicating flat momentum. Key support levels are at 0.66 and further down at 0.41, while resistance levels are at 1.17 and 1.42.

If buyers manage to push the price above 1.07 and then 1.17, ADA could potentially climb another 15% to 1.25, and subsequently test 1.42, which would represent a 33% increase from its current level. Conversely, a drop below 0.81 could lead to a 20% slide to 0.66, and a further breakdown could see it fall to 0.41, wiping out 50% of its current value. The tight moving averages and low RSI suggest a higher probability of an upward movement, but for a new rally to begin, the coin needs to close above 1.17.

Conclusion

SOL and ADA remain strong picks, yet XYZVerse, the first all-sport memecoin, targets significant gains through community-led sports GameFi, giving early adopters unmatched upside.

To learn more about XYZVerse, visit the website, Telegram, and Twitter.

Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.



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August 20, 2025 0 comments
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Circle's Jeremy Allaire on GENIUS Act: 'Internet of Money Has Arrived'
NFT Gaming

Circle’s Jeremy Allaire on GENIUS Act: ‘Internet of Money Has Arrived’

by admin August 18, 2025


Jeremy Allaire, cofounder of Circle, the company behind USDC stablecoin, has dropped a motivational post on X. Allaire emphasized the importance of persistence in the cryptocurrency industry in the post. He did this by highlighting his role in the birth of the GENIUS Act.

Jeremy Allaire reflects on Circle’s early struggles

The Circle CEO recalled how many stakeholders, including investors, regulators and even family members, doubted him when he conceived the idea of Circle in 2013. According to him, the idea that money could move just like information on the internet, cheaply, instantly and globally, was unbelievable to many.

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However, with 12 years of persistence, patience and collaboration, the stablecoin sector has witnessed massive growth. Allaire noted that, working with regulators and lawmakers, legislation to regulate the sector has finally seen the light of day.

“Are you out of your mind?”

That’s what I heard more than once in the early days of Circle.

Twelve years later, the GENIUS Act has been signed into law, and we can now say the internet of money has arrived. 🧵

— Jeremy Allaire – jda.eth / jdallaire.sol (@jerallaire) August 18, 2025

For context, the GENIUS Act is landmark legislation for the crypto industry in the U.S., particularly for stablecoins. The act provides a regulatory framework and transparency for fiat-backed stablecoins.

Allaire is stating that if he had given up when many did not believe in Circle, or thought that “internet money” was crazy, these gains would not have been achieved. In a nutshell, he said that large systems do not change overnight, announcing that the internet of money has arrived.

Circle’s market position

Circle currently ranks second on the stablecoin market, with a market capitalization of $68.14 billion. It is surpassed only by Tether, whose market cap stands at $166.81 billion.

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Meanwhile, earlier in May 2025, the rumor of Ripple acquiring USDC was widespread, with the XRP-backed company offering $20 billion. However, the deal unraveled as Circle filed for an IPO with the New York Stock Exchange.

In July, John Deaton, pro-Ripple lawyer, had to dismiss speculation that Circle posed a threat to XRP. Deaton maintained that XRP is not a stablecoin, nor is it trying to be USDC.





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August 18, 2025 0 comments
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Sam Altman testifying on capital hill.
Gaming Gear

‘Someone is going to lose a phenomenal amount of money’ says OpenAI CEO Sam Altman about unwise AI investment. ‘When bubbles happen, smart people get overexcited about a kernel of truth’

by admin August 18, 2025



OpenAI CEO Sam Altman spoke to assembled reporters at a dinner in San Francisco late last week on the topic of, you guessed it, AI, the applications of AI, and the vast sums of money moving behind the scenes to fund it. Despite being one of the most vocal advocates of the tech, Altman had some words of caution for investors jumping on the artificial intelligence train.

According to The Verge, Altman said it was “insane” that AI startups consisting of “three people and an idea” are receiving huge amounts of funding off the back of incredibly high company valuations, describing it as “not rational behaviour.”

“Someone is going to lose a phenomenal amount of money. We don’t know who, and a lot of people are going to make a phenomenal amount of money,” said Altman.


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“When bubbles happen, smart people get overexcited about a kernel of truth. If you look at most of the bubbles in history, like the tech bubble, there was a real thing.” said Altman, referencing the infamous dot-com bubble of the late 1990s. “Tech was really important. The internet was a really big deal. People got overexcited.”

That being said, Altman stopped short of calling investment in AI overall a bad idea for the economy in general: “My personal belief, although I may turn out to be wrong, is that, on the whole, this would be a huge net win.”

At the same dinner, Altman confirmed that OpenAI would still be spending vast amounts of money (partially provided, presumably, by the likes of Softbank and the Dragoneer Investment Group in OpenAI’s latest $8.3 billion funding round) to keep the company at the top of the AI financial leaderbooks.

“You should expect OpenAI to spend trillions of dollars on data center construction in the not very distant future,” Altman said. “You should expect a bunch of economists to wring their hands.”

Keep up to date with the most important stories and the best deals, as picked by the PC Gamer team.

Well, it certainly appears to cost a whole lot of moolah just to keep the good ship OpenAI afloat. The company has raised staggering sums of cash over the past decade to develop and run its various AI implementations, the most famous of which being ChatGPT. Reports last year indicated that OpenAI had spent $8.5 billion on LLM training and staffing for its generative AI efforts, while other analysts have predicted it costs $700,000 a day to run ChatGPT alone.

The Information recently projected that OpenAI would be burning through $20 billion in cash flow by 2027, with the company said to be hopeful that investors like Softbank would stump up another $30 to $40 billion to continue funding its operations.

A CG render of Meta’s planned Hyperion data center, superimposed over Manhattan. (Image credit: Meta)

Still, those spending figures don’t appear to be in the trillions yet, although that estimated sum is perhaps of little surprise to those of us that keep an eye on AI data center expansion.

Given that Altman’s rival, Elon Musk, has been booting up and expanding xAI’s Colossus supercomputer with incredible speed, and with the news that Meta is expanding its data center operations at such a rate it’s currently having to house a significant portion of its racks in nearby tents, OpenAI will feel the need to keep up—and to do that it needs to spend (and raise) huge amounts of cash over the next few years.

One would assume that Altman is confident enough in his company’s efforts to place its investors on the “going to make phenomenal sums of money” side of things, but his comments should perhaps serve as a warning to those looking to jump in with both feet without correctly judging the landing. Someone has to lose in the great AI race, I suppose. And as to which companies survive, and which come to a sticky end? That remains very much an open question for now.

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August 18, 2025 0 comments
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