Coldcard attack: 25 minutes, 500 wallets, $38M in BTC gone
Coldcard's makers say despite using "the best available AI models," it couldn't detect the bug that caused the theft of $38M worth of BTC.
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Crypto keeps losing to Ken Griffin’s Citadel
Ken Griffin’s Citadel keeps winning from crypto losses, including cheap AI stocks, Sotheby’s art, payment for order flow, and XRP equity.
Where are the Ethereum founders 11 years after the genesis block?
It's been 11 years since the Ethereum Genesis Block and many of its founders have largely moved on from cryptocurrency.
Former FTX member Leopold Aschenbrenner’s $20B AI fund blows up
The AI hedge fund of ex-FTX Future Fund worker Leopold Aschenbrenner is asking investors for more capital to meet margin calls.
US sanctions firms behind Iran’s Strait of Hormuz BTC insurance scheme
Iran's BTC insurance scheme would reportedly generate over $10B in revenue for the country and help it maintain control over the Strait.
— Michael Saylor, MicroStrategy
Strategy has lost two-thirds of its mNAV in two years
Strategy’s basic mNAV stood at 2.04x two years ago. On Wednesday it read 0.68x, a decline of exactly two-thirds.
Credit default swaps forecast AI bankruptcies
CDS spreads are deteriorating across mega-cap AI stocks including Alphabet, Amazon, Meta, and SpaceX, which all hit record spreads this week.
Iranian hackers suspected of attacking 30 Minnesota water companies
The Iranian CyberAv3ngers hacker collective is the main suspect in a series of attacks that hit 30 water firms across Minnesota this week.
— Crime, Pavel Durov
Russia says Ukraine is using Telegram dating bot for terrorism
Russia issued an international arrest warrant for Telegram founder Pavel Durov, charging him with allowing terrorist activities on the app.
South Korea’s KOSPI has erased more than Bitcoin’s market cap in 29 days
The KOSPI has erased about $1.6T of market value since June 19, more than all the BTC in the world is worth.