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Blockonomi
Cryptocurrency News & Your Guide to the Blockchain Economy
07/17/2026 10:23 AM Coinbase CEO Dismisses Calls for Additional AI Watchdog
TLDR Coinbase CEO Brian Armstrong rejected proposals for a new AI self-regulatory body. Armstrong argued existing fraud, tort, and consumer protection laws already address AI-related harm. Google DeepMind CEO Demis Hassabis proposed a federally overseen AI standards organization. Sam Altman, Satya Nadella, and Chamath Palihapitiya expressed support for discussing the proposal. Coinbase revealed AI now [...]
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07/17/2026 10:14 AM Merck (MRK) Stock Rallies Following FDA Approval of Breakthrough Cholesterol Medication
Merck (MRK) gains momentum as FDA approves Lipfendra, the first oral PCSK9 inhibitor for cholesterol, priced at $315/month with $5B+ sales potential.
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07/17/2026 10:13 AM Coca-Cola (KO) Stock Dips as Ransomware Attack Shuts Down fairlife Production
Coca-Cola (KO) stock fell after ransomware hit fairlife, halting U.S. production. The subsidiary accounts for $4B in sales. Earnings due July 28.
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07/17/2026 10:09 AM Pi Network Revamps Navigation With New Interface
TLDR Pi Network introduced the first phase of a redesigned mining application with improved navigation and a refreshed user interface. The update adds a reorganized side menu, dark mode, and easier access to the Mainnet Checklist, mining details, and featured Pi Apps. The Core Team said the redesign followed user feedback and represents the beginning [...]
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07/17/2026 10:00 AM Moonshot AI Unveils Kimi K3: A 2.8 Trillion-Parameter Model Challenging US AI Giants
Moonshot AI releases Kimi K3, a 2.8 trillion-parameter open-weight AI model challenging Anthropic and OpenAI with competitive benchmark results.
The post Moonshot AI Unveils Kimi K3: A 2.8 Trillion-Parameter Model Challenging US AI Giants appeared first on Blockonomi.
07/17/2026 10:00 AM Dutch Regulator Authorizes BitPay Under MiCA Rules
TLDR BitPay secured authorization from the Dutch AFM under the European Union’s MiCA framework. The license allows BitPay to provide regulated crypto services across all 27 EU member states. The company can offer payment processing, cross-border transfers, and consumer-facing crypto services. BitPay previously operated under Dutch Central Bank supervision for anti-money laundering compliance. The MiCA [...]
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07/17/2026 09:59 AM Oil Markets Surge 12% Amid Escalating U.S.-Iran Military Confrontation
Oil prices surge nearly 12% this week as U.S.-Iran military strikes intensify, threatening key supply routes through the Strait of Hormuz and Red Sea.
The post Oil Markets Surge 12% Amid Escalating U.S.-Iran Military Confrontation appeared first on Blockonomi.
07/17/2026 09:53 AM SpaceX (SPCX) Shares Tumble After Starship V3 Launch Abort at Ignition
SpaceX (SPCX) stock dropped 4% after Starship V3's launch abort Thursday. Four Raptor engines failed at ignition, pushing shares below $135 IPO price.
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07/17/2026 09:49 AM Trump Speech Operator Faces Scrutiny Over Kalshi Wagers
TLDR ABC News reported that Trump’s longtime teleprompter operator allegedly used advance knowledge of presidential speeches to place profitable bets on Kalshi. The Commodity Futures Trading Commission is in settlement discussions with Gabriel Perez over the alleged insider betting activity. Kalshi said its surveillance team detected suspicious trading patterns and referred the matter to federal [...]
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07/17/2026 09:39 AM Dutch Crypto Exchange Knaken Collapses With 30,000 Users Affected
TLDR A Rotterdam court declared Knaken bankrupt after identifying a significant deficit in customer funds. Prosecutors alleged that about €7 million in customer assets had disappeared from the Dutch cryptocurrency exchange. Approximately 30,000 customers lost access to their accounts after the website and mobile application went offline. The court rejected Knaken’s proposal to distribute available [...]
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