What Happened To Zeus Wallet? Zeus Wallet took its infrastructure offline after a cybersecurity incident on Wednesday, temporarily interrupting services linked to the self-custodial Bitcoin Lightning Network wallet while the company audits its systems. Zeus said its investigation had found no evidence that customer funds were placed at risk. The company also said it had
Bitcoin’s sharp sell-off on August 3 produced one of the clearest signs of market capitulation seen in weeks. According to on-chain data cited by crypto.news, short-term holders transferred more than 32,000 BTC to exchanges at a realized loss, marking the largest loss-driven movement by that investor cohort in the past 30 days. The episode highlighted
Why Did Circle Shares Rise After The Revenue Miss? Circle reported $701 million in total revenue and reserve income for the second quarter of fiscal 2026, narrowly below the preliminary Wall Street consensus of $713.32 million. Revenue increased 7% from a year earlier, while net income from continuing operations reached $48 million. That represented a
Robinhood is bringing a second venture fund to the public market. Robinhood Ventures Fund II, ticker RVII, is expected to list on the New York Stock Exchange on August 13 at $25 a share, with the window to request IPO shares closing August 12. It packages stakes in roughly 80 early-stage private companies into something
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.