511 - AI Ambitions and Crypto Controversies: A $2B Pivot and Sanctions Fallout
2026-08-10

Explore the latest in tech and finance as Former Miner Firmus secures $2 billion with backing from Blackstone and Nvidia to shift towards AI. Meanwhile, the U.S. sanctions a Dubai-based crypto exchange over alleged Iran sanctions evasion, and Blockchain.com expands its regulated custody services with a new Cayman Islands license. Plus, Trump Media and Crypto.com call off a major token partnership, and the crypto industry faces a dot-com style shakeout with over 100 projects folding in 2026.

Sources:
https://cryptonews.net/news/finance/33264461/
https://timesofindia.indiatimes.com/world/us/us-sanctions-dubai-based-crypto-exchange-over-alleged-iran-sanctions-evasion-and-irgc-funding/articleshow/133042246.cms
https://www.crowdfundinsider.com/2026/08/295929-blockchain-com-secures-cayman-islands-vasp-custody-licence/
https://crypto.news/trump-media-crypto-com-end-6-42b-cro-treasury-deal/
https://www.coindesk.com/business/2026/08/09/crypto-is-going-through-a-massive-dot-com-style-shakeout-as-over-100-projects-fold-in-2026