News from the frontier of crypto, AI & payments.
Coverage and analysis at the intersection of crypto, AI, and payments — through the lens of institutional custody.
U.S.-Canada Trade Talks Collapse as Ottawa Prepares Retaliatory Tariffs for September 8
Trade negotiations between the United States and Canada broke down on Friday, with the U.S. imposing 50% tariffs on approximately $20 billion worth of Canadian goods. Canadian Prime Minister Mark Carney announced retaliatory tariffs will take effect September 8.
U.S.-Canada Trade Talks Collapse as Ottawa Prepares Retaliatory Tariffs for September 8
Trade negotiations between the United States and Canada broke down on Friday, with the U.S. imposing 50% tariffs on approximately $20 billion worth of Canadian goods. Canadian Prime Minister Mark Carney announced retaliatory tariffs will take effect September 8.
U.S. Battery Startups Find New Lifeline in Defense Sector
The U.S. Department of Energy announced $500 million in grants to bolster the domestic battery supply chain, as defense applications emerge as a crucial growth avenue for battery startups following the elimination of EV incentives.
OpenAI Backs California AI Safety Bill It Previously Opposed, as Labs Lack Rogue Model Containment Plans
OpenAI has reversed course to support strengthening California's SB 53 AI safety bill, while new research reveals that major AI labs, including Anthropic and Meta, still lack comprehensive plans for containing rogue models.
Japanese Space Startup Letara Raises $16M for Plastic-Fueled Hybrid Rocket Engines
Letara, a Hokkaido University spinout, has closed approximately ¥2.6 billion (roughly $16 million) in funding to develop hybrid rocket engines that use plastic as fuel and are not legally classified as explosives, enabling applications from satellite thrusters to launch vehicles and defense systems.
TikTok Settles Children's Privacy Lawsuit for $400 Million, Strengthens Youth Protection Measures
TikTok has reached a $400 million settlement with the U.S. Department of Justice over allegations of violating the Children's Online Privacy Protection Act, agreeing to implement enhanced age verification and data protection measures for users under 13.
U.S. Crypto Regulatory Framework Undergoes Major Shift: SEC Returns to Disclosure Principles, Opening Legal Fundraising Pathways
President Trump hosts crypto summit with SEC and CFTC chairs to establish new rules. SEC releases 402-page regulatory proposal returning to 1933 disclosure principles, providing the first clear pathway for crypto projects to legally issue tokens and raise funds in the U.S. CFTC chair signals readiness to draft crypto rules if Congress fails to pass Clarity Act, marking a fundamental shift in U.S. crypto regulation from merit-based to disclosure-based oversight.
Latest from Cobo
Cobo Agentic Wallet: The MPC-Based Security Standard for AI Agents
Cobo launches Cobo Agentic Wallet (CAW), the first MPC-based wallet designed specifically for AI Agents, featuring infrastructure-enforced authorization controls and structured execution templates to enable secure autonomous on-chain transactions without exposing private keys.
Cobo Agentic Wallet (CAW): MPC Security & Controlled Autonomy for AI Agents
Cobo launches the Cobo Agentic Wallet (CAW), the world's first MPC-secured wallet designed specifically for AI agents, introducing a programmable authorization protocol and modular skill framework that enables autonomous on-chain execution within user-defined boundaries.
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