A critical vulnerability that contributed to the recent Coldcard hardware wallet security incident could have been identified by artificial intelligence for as little as $2, according to Dragonfly Capital partner Haseeb Qureshi, highlighting how rapidly AI is changing software security. Commenting on the exploit, Qureshi said modern large language models are becoming capable of identifying
Morgan Stanley has downgraded Circle Internet Group to Underweight and cut its price target to $38 from $106, arguing that slowing growth in the company’s USDC stablecoin and intensifying competition across digital dollar products could materially weaken its long-term earnings outlook. The downgrade represents one of the most bearish calls yet from a major Wall
Hut 8 is set to report its second-quarter results against one of the most complex backdrops the Bitcoin mining industry has faced in years, with miners squeezed by depressed hash prices while simultaneously investing billions of dollars to reposition themselves as artificial intelligence infrastructure providers. Wall Street expects Hut 8 to report second-quarter revenue of
Why Are Users Moving Funds To Centralized Exchanges? The Coldcard hardware-wallet exploit appears to be pushing some cryptocurrency holders away from self-custody and back toward centralized exchanges, reversing the behavior seen after the collapse of FTX. “We’re seeing record levels of inflows now to centralized exchanges post-Coldcard,” OKX Chief Compliance Officer Jonathan Brockmeier said. “It’s
Why Did Bitcoin ETF Flows Turn Positive In July? U.S.-listed spot Bitcoin exchange-traded funds returned to monthly inflows in July, but a sharp wave of selling at the end of the month showed that investor confidence remained fragile heading into August. The funds attracted $172.4 million in net inflows during July, reversing two consecutive months
Why Did The SEC Suspend Nasdaq’s Bitcoin Options? The U.S. Securities and Exchange Commission has suspended its approval of Nasdaq’s proposed cash-settled Bitcoin index options while the agency reviews a jurisdictional challenge filed by CME Group. The SEC approved Nasdaq PHLX’s application in May, allowing the exchange to list the contracts under the ticker QBTC.
Why Is CZ Telling Bitcoin Holders To Split Their Funds? Binance founder Changpeng Zhao has urged cryptocurrency holders to spread funds across several wallets after a firmware flaw in certain Coldcard hardware devices was linked to the theft of more than 1,000 bitcoin. “Even hardware wallets can have bugs. Even old wallets (with long history)
Why Did Tether’s Profit Remain Strong? Tether generated $1.5 billion in net operating profit during the second quarter of 2026 as interest income from its U.S. Treasury portfolio continued to support earnings despite weaker conditions across digital asset markets. The stablecoin issuer said the quarterly result was driven mainly by returns on U.S. Treasury securities
Why Are Former Pump.fun Employees Raising Complaints? Former Pump.fun employees say they were dismissed weeks before allocations of the platform’s PUMP token were due to begin vesting, leaving some workers without tokens that later became worth substantial sums. An anonymous X account claiming to represent more than 40 former employees began publishing termination emails this
Why Is Russia Banning Crypto Mining In Moscow? Russia has expanded its cryptocurrency mining restrictions to Moscow and the surrounding Moscow Region as authorities seek to limit pressure on electricity networks serving the country’s largest economic center. The ban will take effect on Aug. 15, 2026, and remain in place through Dec. 31, 2032. It