
JPMorgan CFO Jeremy Barnum warned that interest‑bearing stablecoins are forming a "parallel banking system" that lacks the prudential safeguards of traditional deposits. Treasury estimates up to $6.6 trillion of bank deposits could be exposed if the regulatory loophole remains open. Lawmakers are already drafting stablecoin legislation, spurred by concerns from the American Bankers Association. Barnum emphasized the need for consumer protection without stifling blockchain innovation.

The article argues that fears of an AI‑driven "SaaSpocalypse" are overstated. While large‑language models can generate code, software companies still rely on sales, contracts, and support that AI alone can’t replace. Recent stock declines at firms like Workday and Adobe...

OpenClaw creator Peter Steinberger announced last Friday that he will sell the OpenClaw AI agent platform to OpenAI and join the company. The acquisition, disclosed in a recent interview, expands OpenAI's capabilities in autonomous AI agents. Financial terms were not...