Robert Kiyosaki Offloads $2.25 Million Worth Of Bitcoin Amid Jarring Market Decline — Here’s Why

The post CME Group to launch Solana and XRP futures options in October appeared on BitcoinEthereumNews.com. CME Group is preparing to launch options on SOL and XRP futures next month, giving traders new ways to manage exposure to the two assets.  The contracts are set to go live on October 13, pending regulatory approval, and will come in both standard and micro sizes with expiries offered daily, monthly and quarterly. The new listings mark a major step for CME, which first brought bitcoin futures to market in 2017 and added ether contracts in 2021. Solana and XRP futures have quickly gained traction since their debut earlier this year. CME says more than 540,000 Solana contracts (worth about $22.3 billion), and 370,000 XRP contracts (worth $16.2 billion), have already been traded. Both products hit record trading activity and open interest in August. Market makers including Cumberland and FalconX plan to support the new contracts, arguing that institutional investors want hedging tools beyond bitcoin and ether. CME’s move also highlights the growing demand for regulated ways to access a broader set of digital assets. The launch, which still needs the green light from regulators, follows the end of XRP’s years-long legal fight with the US Securities and Exchange Commission. A federal court ruling in 2023 found that institutional sales of XRP violated securities laws, but programmatic exchange sales did not. The case officially closed in August 2025 after Ripple agreed to pay a $125 million fine, removing one of the biggest uncertainties hanging over the token. This is a developing story. This article was generated with the assistance of AI and reviewed by editor Jeffrey Albus before publication. Get the news in your inbox. Explore Blockworks newsletters: Source: https://blockworks.co/news/cme-group-solana-xrp-futures

The post AI Insurance Risk Forces Major Insurers To Reject Coverage appeared on BitcoinEthereumNews.com. Imagine building your entire business around artificial intelligence, only to discover that no insurance company will cover your operations. This terrifying scenario is becoming reality as major insurers declare AI too dangerous to insure. The very companies built to manage risk are now running from what they call the ‘black box’ of artificial intelligence. Why AI Insurance Risk Has Insurers Panicking The insurance industry faces an unprecedented challenge with artificial intelligence. Unlike traditional risks, AI systems operate as complete mysteries to underwriters. One insurance executive described AI models as ‘too much of a black box’ – impossible to assess, predict, or price accurately. This fundamental uncertainty creates an insurance risk that traditional models cannot handle. The Systemic Risk That Could Bankrupt Insurers What truly terrifies insurance companies isn’t individual claims, but the potential for catastrophic systemic risk. Consider this scenario: a widely used AI model makes a critical error that affects thousands of businesses simultaneously. As one Aon executive explained, insurers can handle a $400 million loss to one company, but they cannot survive 10,000 simultaneous claims from a single AI failure. Company AI Incident Financial Impact Google False legal accusations $110 million lawsuit Air Canada Chatbot invented discounts Forced to honor fake offers Arup AI voice cloning fraud $25 million stolen Major Players in AI Liability Insurance Retreat Insurance giants including AIG insurance, Great American, and WR Berkley are actively seeking regulatory permission to exclude AI-related liabilities from corporate policies. This represents a fundamental shift in how the insurance industry views technological risk. These companies, which typically compete to cover emerging markets, are united in their assessment that AI presents unmanageable exposure. How Corporate Policies Are Evolving Against AI Threats Businesses relying on artificial intelligence now face a critical gap in their corporate policies. The exclusion of AI-related liabilities…