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The US Senate has advanced sweeping AI legislation under the National Defense Authorization Act, compelling chipmakers to serve US customers first before exporting advanced processors abroad.On Thursday, senators passed the Guaranteeing Access and Innovation for National Artificial Intelligence Act of 2026, or GAIN Act, as an amendment to National Defense Authorization Act, requiring AI and high-performance chipmakers to prioritize domestic orders before exporting their products.The GAIN Act also gives Congress the right to deny export licenses for the most high-end AI processors and mandates export licenses for all products containing an “advanced integrated circuit.” “Over the past several years, US firms have faced…

Discover How AI-Powered Strategy Execution Transforms Business Processes for a Competitive EdgeDUBAI, AE / ACCESS Newswire / October 11, 2025 / Profit.co, a leader in AI-powered OKR, Balanced Scorecard, Project Portfolio Management, and Performance Management software, is spotlighting its transformative platform at GITEX GLOBAL 2025. From October 13-17, 2025, at Dubai World Trade Centre. Profit.co will showcase how businesses can achieve AI-Driven Acceleration for unstoppable growth, turning strategy execution from reactive to predictive.This year’s GITEX GLOBAL theme, “AI DRIVEN ACCELERATION,” perfectly aligns with Profit.co’s mission to transform organizational performance. Through seamless integration of AI, and predictive analytics, Profit.co empowers businesses…

Join Our Telegram channel to stay up to date on breaking news coverage The crypto market plunged more than 10% after US President Donald Trump announced 100% tariffs on China’s exports starting Nov. 1, triggering $19 billion in liquidations. Solana slid 16%, XRP 14%, Ethereum 12%, Bitcoin 9%, and Dogecoin 22% as traders rushed to unwind leveraged positions. Data from CoinGlass showed most of the $19 billion in liquidations came from long positions as markets turned risk-off. One trader estimated that it was ”likely the largest liquidation event, in $ terms, in crypto history.” Trump’s actions came in response to…

A crypto whale has pocketed over $160 million in profits after correctly betting on Bitcoin and Ethereum’s recent price decline.On October 11, blockchain analysis platform Lookonchain reported that a long-term Bitcoin holder had opened more than $1.1 billion in short positions on the top two cryptocurrencies by market capitalization.Sponsored SponsoredHow Bitcoin Crash Made This Trader $160 Million RicherThe trader effectively wagered that both assets would drop in value despite their recent bullish momentum. Within just 30 hours, that prediction proved right—Bitcoin and Ethereum prices fell sharply, earning the trader an estimated $160 million in realized profit.Following the sell-off, the trader…

XRP, the digital asset that powers the XRP Ledger (Ripple protocol), nosedived on Friday, Oct. 10, reaching its lowest level since December.  Summary Ripple’s XRP token tumbled 63% from its yearly high to $1.37 before bouncing back 75%, triggering $700 million in liquidations and vindicating chartist Peter Brandt’s bearish warning. The drop came amid a $300 billion crypto selloff fueled by escalating U.S.–China trade tensions. While XRP has since stabilized — helped by ETF inflows and hopes for new approvals — analysts warn volatility will persist as technical indicators flash both risk and potential recovery. XRP price crash confirms analyst…

Token2049Token2049 hosted 25,000 enthusiasts and crypto executives in Singapore.The industry revels in the world’s largest economy flipping bullish on crypto.Yet, it’s still navigating some of its more unusual use cases.Token2049 highlighted the state of flux the crypto industry finds itself in.Over the course of a week in October, some 25,000 visitors descended on Singapore for over 300 side events for a World’s Fair for digital finance. Token2049 attendees mingled with Wall Street banks, fintech giants, and sanctioned Russian entities, as well as actors from the Squid Game, influencers, former White House staff members-turned-crypto executives, and members of US President Donald…

If you looked away from crypto markets on Friday, then you missed a record-breaking bloodbath.Following a Friday morning threat from U.S. President Donald Trump to unleash “massive” new trade tariffs on China, crypto prices began to plunge alongside stocks, representing widespread concern from investors. And then crypto declines rapidly accelerated late in the afternoon when Trump ratcheted up his threats in a follow-up post on Truth Social.Most crypto assets were suddenly in freefall. Bitcoin had been sitting above the $121,000 mark on Friday morning, but ultimately dipped below $106,000 in the afternoon, according to CoinGecko.Altcoins were hit much harder. Ethereum…

In brief Fox Business’s Charles Gasparino reported internal White House talks about pardoning Changpeng “CZ” Zhao. Binance founder CZ, who resigned as CEO in 2023 and served prison time, remains its largest shareholder. A pardon could reopen U.S. markets to Binance and signal an even friendlier crypto policy under Trump. Is the Trump administration seriously weighing a pardon for Binance’s Changpeng “CZ” Zhao ?Crypto Twitter is all aflutter after Fox Business reporter Charles Gasparino tweeted a “scoop” claiming White House insiders say discussions are heating up and Trump “is leaning toward a pardon.” Gasparino is a veteran financial and political…

Bitcoin took a sharp plunge on Friday, falling more than 12% after President Trump announced a 100% tariff on Chinese imports, sparking fears of a new trade war. The news sent shockwaves through the crypto market, wiping out over $19 billion in liquidations and causing panic selling among millions of traders. Bitcoin briefly dropped below $105,000 before bouncing back slightly. This plunge mirrored broader market fears as investors rushed to safer assets, amidst uncertainty over escalating US-China tensions and economic stability. But, in the face of deep uncertainty, some experts are keeping calm and asked investors to show some faith…

The Binance ecosystem has once again proven to be fertile ground for explosive token growth. This time, the spotlight is on ChainOpera AI (COAI), a decentralized artificial intelligence platform whose token has surged over 1,300% in less than a month, briefly topping a $1.1 billion market capitalization. The rally comes as Binance Coin (BNB) leads a broader October surge, often dubbed “BNB Season,” pulling ecosystem projects upward. But beneath the excitement lies a familiar question: can such breakneck gains hold up in the long run, or is this another speculative frenzy destined for correction? COAI’s Rapid Rise to a Billion-Dollar…