USA

Google
2026-07-26 03:23:52

Reddit, Reuters and other publishers weigh blocking Google crawlers as AI summaries cut search traffic

Google’s latest earnings showed search advertising revenue hit a record $63.271 billion, up 17% year over year, even as several major U.S. news publishers saw sharp declines in organic search traffic. That contrast is driving a new standoff between publishers and Google. Reddit, Reuters, Politico and The Economist are among the media groups reported to be considering limits on Google’s access, arguing that AI-generated search summaries are keeping users on Google’s results page instead of sending them to original sources. Data cited in the report shows why publishers are alarmed: when no AI summary appears, 15% of users click a traditional link; with an AI summary, that falls to 8%, while just 1% click links embedded inside the summary. The problem is compounded by the fact that Google uses the same crawler infrastructure for search indexing and AI-related data collection, leaving publishers with no simple way to block one while preserving the other. Reddit’s existing annual licensing deal with Google, worth about $60 million, is now nearing expiration, and renewal talks remain ongoing.

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Reddit, Reuters and other publishers weigh blocking Google crawlers as AI summaries cut search traffic
Hyperliquid
2026-07-24 14:28:10

ARK analyst says Hyperliquid’s HIP-3 RWA volume has overtaken crypto on a weekly basis

ARK Invest analyst Lorenzo said Hyperliquid has reached a new point in its market mix, with real-world asset trading on HIP-3 exceeding crypto-native volume for the first time in a single week. According to the figures cited in the post, RWA accounted for 54% of total platform volume, and 61% of that RWA activity came from single-stock products. The article argues this shift points to a broader change in Hyperliquid’s positioning, from a crypto perpetuals venue to a round-the-clock multi-asset derivatives platform spanning equities, indices, commodities and FX. The write-up also stresses that the RWA products in question are synthetic perpetual contracts rather than tokenized securities. Traders get price exposure, typically margined in USDC, but do not receive actual stock ownership, voting rights or legal claims on the underlying assets. It distinguishes that model from true securities tokenization and notes the two paths carry different infrastructure, legal and operational requirements. At the same time, the piece flags a math issue in the original comparison between Hyperliquid’s HIP-3 RWA volume and the rest of the DEX perpetuals market, and says the claim cannot be directly derived from the numbers presented. It further examines what the trend could mean for HYPE, USDC and Circle, while outlining the current HIP-3 market map, where activity is concentrated in stocks, commodities and indices, with much of the volume attributed to the trade[XYZ] deployment.

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ARK analyst says Hyperliquid’s HIP-3 RWA volume has overtaken crypto on a weekly basis
Clarity Act
2026-07-24 09:20:17

Wyden Pushes Congress to Keep Crypto Developer Safe Harbor in Clarity Act

Senator Ron Wyden is urging Congress to retain a safe harbor for non-custodial crypto developers in the Clarity Act. The provision faces growing opposition from law enforcement groups and anti-trafficking advocates as lawmakers remain divided on accountability and regulatory scope.

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Wyden Pushes Congress to Keep Crypto Developer Safe Harbor in Clarity Act