The Daily Scrypt

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Six months after launching its AI-powered Bing, Microsoft is expanding access beyond Edge by bringing the chatbot and tools to third-party browsers like Chrome and Safari.

Moody’s downgraded US banks and warned of more cuts due to profit pressures and growing risks as interest rates rise ahead of a mild recession.

Elon Musk ended speculation on the launch of Twitter’s X token, stating in a social media post that neither Twitter nor X has plans to launch their own cryptocurrency tokens, ending a year-long rumor in the cryptocurrency community, which was fueled by Twitter’s rebranding efforts and the introduction of new features that hinted at a possible move into financial services.

Huobi, a major cryptocurrency exchange, experienced significant fund outflows of $64 million over the weekend, adding to concerns about its financial stability. Analysts suggest the sell-off of Tether by Binance may be connected to Huobi’s instability. Furthermore, rumors of police involvement and departures of top-level executives have fueled speculation about the exchange’s troubles.

Shiba Inu developers will integrate digital identity services into all platform applications in an effort to move the token beyond its meme coin status.