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Disney sends cease and desist letter to Character.AI

by admin October 1, 2025


Disney has demanded that Character.AI stop using its copyrighted characters. Axios reports that the entertainment juggernaut sent a cease and desist letter to Character.AI, claiming that it has chatbots based on its franchises, including Pixar films, Star Wars and the Marvel Cinematic Universe. In addition to claiming copyright infringement, the letter questioned whether these protected characters were being used in problematic ways in conversations with underage users.

“Character.ai’s infringing chatbots are known, in some cases, to be sexually exploitive and otherwise harmful and dangerous to children, offending Disney’s consumers and extraordinarily damaging Disney’s reputation and goodwill,” the letter said.

Character.AI has been subject to legal and government scrutiny multiple times already over concerns that it has not provided sufficient safety guards for minors. The platform has been implicated in failing to protect two different teenagers who discussed suicide with its chatbots and then took their own lives. It has also drawn the attention of the Federal Trade Commission and US Attorneys General.

For now, at least, the platform appears to be responsive to Disney’s demands. “It’s always up to rightsholders to decide how people may interact with their IP, and we respond swiftly to requests to remove content that rightsholders report to us,” a representative said, per the Axios report. “These characters have been removed.”

Disney has shown that it is willing to take legal action against AI companies. It sued Midjourney along with Universal Studios in June on allegations of copyright infringement.



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October 1, 2025 0 comments
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rally at risk as top Fed sends major warning
NFT Gaming

rally at risk as top Fed sends major warning

by admin September 29, 2025



The crypto market tilted upward today, Sept. 29, as investors started to buy the dip after last week’s plunge. However, this rally could be at risk after a major warning from Beth Hammack, a senior Fed official.

Summary

  • Cleveland Fed’s Beth Hammack has warned about inflation and interest rate cuts.
  • Aster has passed Hyperliquid as the biggest perpetual DEX in terms of volume.
  • Stablecoin market capitalization is nearing the $300 billion market cap. 

Crypto news today: Beth Hammack warns on inflation

One of the top catalysts for the crypto market recently has been the Federal Reserve, which has started cutting interest rates. However, the pace of cuts may not be as analysts expect, as some Fed officials are still concerned about inflation.

Speaking in a CNBC interview, Beth Hammack of the Cleveland Fed warned that inflation was still a major challenge. She noted that headline and core inflation have remained above the 2% target for four and a half years.

Hammack also believes that the labor market is still strong despite the recent weakness. She cited the unemployment rate, which has remained below 5% this year.

The statement came a few days before the Bureau of Labor Statistics publishes the official jobs numbers. Economists expect the data to reveal that the economy created 59,000 jobs in September after adding 22,000 in the previous month.

Therefore, the crypto market could be at risk if the Federal Reserve slows the pace of interest-rate cuts.

Aster and Lighter overtake Hyperliquid

Another important crypto news today is that Hyperliquid is facing substantial competition pressure from Aster and Lighter. Data compiled by DeFi LLama shows that Aster, which is backed by Changpeng Zhao, handled over $84 billion in volume in the last 24 hours, higher than the $5.6 billion that Hyperliquid handled. This volume brought its 30-day volume to $290 billion, higher than Hyperliquid’s $279 billion. 

Aster weekly volume has soared | Source: DeFi Llama

Lighter handled transactions worth over $7.18 billion in the last 24 hours.

Still, it is unclear whether this data is accurate, as it notes that Aster handled $270 billion in volume last week, up from $10 billion a week earlier.

The data also show that Aster’s total value locked jumped to $2.26 billion, up from $346 million on Sept. 1.

Stablecoin supply nears $300b

Another key crypto news is that the amount of stablecoins in circulation is soaring and is about to hit $300 billion. 

The supply jumped by $4.15 billion in the last seven days. Tether maintains the biggest market share at $174 billion, while USDC has $73 billion. The other biggest players in the sector are Ethena USDe, Dai, Sky Dollar, and World Liberty Finance’s USD1. This stablecoin growth will likely accelerate after the U.S. passed theGENIUS Act. 



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September 29, 2025 0 comments
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Crypto Trends

Sam Bankman-Fried’s X Account Awakens, Sends FTT Token Soaring

by admin September 24, 2025



In brief

  • SBF’s verified X account posted “gm” Tuesday evening despite prison restrictions on internet use.
  • FTT token surged 32% following the tweet, with volume climbing from $10.4M to $59M.
  • The FTX estate has filed a $1.1 billion lawsuit against Genesis Digital and plans to distribute $1.6 billion to creditors by September 30.

On Tuesday evening, Sam Bankman-Fried’s verified X account posted a two-letter greeting, “gm,” short for “good morning.”

While the greeting has become a familiar catchphrase in the crypto community, SBF’s message drew immediate attention because inmates in U.S. federal prisons are not supposed to have direct access to social media.

The account later clarified in a reply that SBF himself is not posting, and that a friend was doing so on his behalf, after this story went live.

FTT, the native token of the now-bankrupt FTX exchange, is trading at around $1.10 at the time of writing, up roughly 32% over the past 24 hours. Daily trading volume has surged almost sixfold, from approximately $10.4 million to nearly $59 million, according to data on CoinGecko.

Once used to cut fees and serve as collateral on FTX, the token lost its core utility after the exchange’s November 2022 bankruptcy. It continues to draw speculative trading interest during the estate’s liquidation process.

SBF, founder and former CEO of the shuttered FTX exchange, is serving a 25-year federal sentence after being convicted on seven counts of fraud and conspiracy for siphoning off billions in customer funds from the exchange and misleading investors about its finances.

He last tweeted at length months earlier in a series of posts reflecting on layoffs, workplace challenges, and even government bureaucracy, writing about the difficulty of firing employees, expressing sympathy for those facing unemployment, and joking about not checking emails for days.

A week later, he thanked former Fox News host Tucker Carlson for a prison interview.

Earlier on Tuesday, the FTX Recovery Trust filed a lawsuit against Bitcoin mining firm Genesis Digital Assets, seeking to claw back $1.1 billion. The lawsuit alleges that the company received preferential payments in the months leading up to the exchange’s collapse.

The move comes just days before the estate is set to begin its third major creditor distribution on September 30, which will release about $1.6 billion to verified claimants.

Tweets from prison

SBF was transferred to the Federal Correctional Institution Terminal Island in Los Angeles in April, after 18 months at the Metropolitan Detention Center in Brooklyn, New York.

Under the Bureau of Prisons’ rules, federal inmates may use TRULINCS, a secure messaging system that allows text‐only communication (no attachments) with approved contacts. The system is monitored and screened, and does not grant access to the wider internet.

Possession or use of a contraband cellphone is strictly prohibited, and if discovered, it can lead to disciplinary action, including solitary confinement or docking of “good conduct time.”

Some inmates’ attorneys attempt to post statements: the inmate sends a text or letter to someone outside, who then posts it to their social media handles.

Decrypt reached out to Sam Bankman-Fried’s defense counsel at Shapiro Arato Bach LLP, as well as officials at the Federal Bureau of Prisons and FCI Terminal Island, for comment on the “gm” post but did not immediately receive a response.

Editor’s note: Additional details on who tweeted from SBF’s official account were later added to this story.

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September 24, 2025 0 comments
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$1B Sell-Off Sends Jucoin Exchange’s Ju Token Down 70%
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$1B Sell-Off Sends JuCoin Exchange’s JU Token Down 70%

by admin September 17, 2025



JuCoin’s token JU has suffered a dramatic collapse, plunging more than 70% within hours on Tuesday evening. The token, which had recently touched a high of $23.86, dropped to $7.66 around 4:45 PM. By late night, JU was trading at $7.08, wiping out billions in value in one of its steepest single-day falls.

JuCoin moved quickly to reassure users, saying that its operations remain unaffected and that all funds are secure. The exchange added that trading and other business functions are running normally.

Ju is currently priced at $7.08, crashing down 71%, with a market cap of $144.31 million and 24-hour trading volume valued at $1.07 billion, down by 20.63%.

Regulatory Scrutiny Adds Pressure

The sharp decline came just days after blockchain investigator ZachXBT flagged JuCoin as a “sketchy” sponsor of the upcoming Token2049 conference. He pointed to the exchange’s history of shifting regulatory compliance and anonymous trading practices. Earlier this year, JU also faced questions after allegations involving its trading partner.

The warnings have fueled fears of stricter oversight, with some drawing parallels to scandals like JPEX, where regulatory troubles sent its token’s value crashing.

Investor Confidence Shaken

Even JuCoin’s announcement in July of a $100 million expansion program for its blockchain has done little to restore faith. 

Investors are still uneasy about JuCoin’s lack of transparency. The project hasn’t released proper audits, its team is mostly anonymous, and a significant portion of its trading occurs on smaller exchanges that lack strong oversight.

As these concerns grew, many investors decided to pull out. JU saw more than $1 billion worth of trades in a single day, showing just how quickly panic set in and how uncertain the outlook has become.

Volatility Adds to the Worry

Experts have also flagged JU’s unusually high trading activity compared to well-established coins like Bitcoin. Such erratic movement has fueled talk of possible manipulation and added to the belief that JU’s market is far from stable.

The Road Ahead

Attention now turns to whether JU can hold above its yearly low of $6.03. Some traders may look for a short-term bounce after the steep fall, but overall sentiment remains weak. Any move from regulators in Singapore or South Korea could decide the token’s fate.

For JuCoin, the immediate task is to rebuild trust. With more than 70% of its value erased in a single day, investors are left wondering whether JU can stage a recovery — or if this is the start of a deeper crisis.

Also Read: KindlyMD Stock Crashes 55% After CEO Warns of Volatility



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September 17, 2025 0 comments
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NFT Gaming

Oracle’s Late AI Bet Sends Shares Soaring, Ellison Tops Musk as World’s Richest Man

by admin September 10, 2025



In brief

  • Oracle’s AI pivot pays off: Shares surged over 30% as the company projected $455 billion in booked future revenue and faster cloud growth.
  • Oracle’s neutral AI stance and ability to run models like ChatGPT inside its database stack drew major enterprise demand.
  • Founder Larry Ellison’s fortune swelled by nearly $100 billion, making him the world’s richest person.

Oracle Corp. stock rocketed as much as 40% in intraday trading—a rally so dramatic, it appears to have set a record for any company valued north of $500 billion. The trigger? A bold AI strategy finally paying off.

At the heart of today’s fireworks is Oracle’s up-close-and-personal pivot into artificial intelligence infrastructure. The company revealed that its Oracle Cloud Infrastructure (OCI) business now expects massive revenue growth: CEO Safra Catz said OCI revenue is expected to reach $18 billion in the current fiscal year, then grow to $32 billion in fiscal year 2027, and eventually $144 billion in the following three years.

But numbers alone don’t explain the thrill. The real signal: a massive pipeline of future business. Oracle’s “remaining performance obligations”—essentially what’s been booked but not yet recognized—soared 359% year-over-year to $455 billion, verging on a half-trillion-dollar backlog, the company reported.



CEO Safra Catz didn’t hide the enthusiasm, stating that most of the multiyear growth is already locked in, and more multibillion-dollar contracts are expected in the coming months.

“Over the next few months, we expect to sign-up several additional multi-billion-dollar customers, and RPO is likely to exceed half-a-trillion dollars,” said CEO Safra Catz.

AI is not just a buzzword—it’s infrastructure

Oracle’s AI attractiveness comes from its strategic alliances and neutral positioning in the AI arms race. It’s part of Stargate, a massive infrastructure initiative with OpenAI and SoftBank, giving Oracle preferred status as a compute-provider-of-choice.

Crucially, Oracle claims to offer AI inferencing capabilities, running models like ChatGPT, Gemini, and Grok directly within its database stack, a convenience hyperscalers have yet to match. That unique positioning—neutral, integrated, and AI-enabled—has turned once-lagging Oracle into a major contender in AI infrastructure.

The ripple effect

In one of those rare moments where investor glee merges with spectacle, Larry Ellison vaulted past Elon Musk to become the world’s richest person, thanks to the stock surge. His net worth swelled by around $100 billion to roughly $393–400 billion.

Not everyone’s as ecstatic as Mrs. Ellison: Analysts caution the aggressive capex—Oracle expects to spend $35 billion to build data-center and supply AI chips—could dent free-cash-flow in the near term and pressure margins.

AI was the marquee act, but Oracle also highlighted four multibillion-dollar contracts with three different customers in its latest quarter. That helped lift first-quarter revenue by 12% to $14.93 billion, including a 28% jump in cloud revenue to $7.2 billion.

Analysts at Piper Sandler and Bank of America weren’t shy either, raising price targets and upgrading the stock—noting the AI-driven backlog as “too strong to be summed up simply as a blow-out.”

The bottom line

Oracle’s AI pivot has become an investor tidal wave, backed by real contracts, locked-in backlog, and infrastructure ambitions that others can’t match—at least right now.

Whether the swell leads to a sea change or tidal recession depends on execution. But for now, Oracle has Wall Street enthralled, and its AI story is delivering more than just talking points—it’s delivering stock market fireworks. And if that’s not a mixed metaphor, then nothing is.

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September 10, 2025 0 comments
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Esports

WWE cuts ties with KnokX Pro Wrestling after Raja Jackson sends wrestler to hospital

by admin August 26, 2025



WWE has quietly cut ties with KnokX Pro Wrestling following an incident involving Raja Jackson, the son of UFC legend Rampage Jackson, who allegedly attacked a wrestler during a live event streamed on Kick.

On August 23, footage of Raja storming into the ring and punching wrestler Syko Stu multiple times went viral across social media.

The altercation began when Stu smashed a drink over Raja’s head during a KnokX Pro Wrestling Academy show. Raja, who was filming the night with a camera crew, had been streaming the confrontation, and Stu reportedly believed it was part of a storyline. Promoters even encouraged Raja to head into the ring later on to play up the moment.

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Instead of performing a scripted move, Raja launched into a flurry of real punches, forcing other wrestlers to intervene. Wrestler Douglas Malo, who was ringside, later claimed that Stu “lost a lot of teeth” and was “choking on his own blood.”

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Raja Jackson

Prior to the incident, Raja told viewers, “it’s always been my dream to f**k up a pro wrestler” and that he was “really going to hit him.”

YouTube icon MrBeast has even stepped in and offered to help out with the wrestler’s medical bills.

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WWE removes KnokX Pro from recruitment page

WWE has since removed all references to KnokX Pro Wrestling from its official Talent Recruitment website. The academy, previously endorsed as part of WWE’s ID (Independent Development) program, was still listed on August 24 but disappeared by August 25, coinciding with the start of a police investigation.

As reported by Ringside News, the WWE ID social media accounts also unfollowed KnokX Pro, as well as trainers Rikishi and The Black Pearl. In response, KnokX Pro quietly stripped WWE logos and references from its own branding.

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The academy issued a statement criticizing Raja’s behavior, writing: “What was supposed to be a planned and agreed upon wrestling spot, turned into a selfish, irresponsible act of violence.”

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Seriously

They STILL PINNED Syko Stu after Raja Jackson assaulted him?

This is fucking DEPLORABLE.

Get these people out of professional wrestling pic.twitter.com/LLgdUhDqG8

— “Filthy” Tom Lawlor (@FilthyTomLawlor) August 25, 2025

However, KnokX has also been slammed for its handling of the incident. Viral clips show the referee making a pinfall count while Stu was clearly injured and in need of medical care.

The LAPD is reportedly investigating the alleged assault, but no arrests have been made yet.

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WWE has not responded to Dexerto’s request for comment.





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August 26, 2025 0 comments
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