MVMT Labs has entered bankruptcy proceedings, disclosing less than $1 million in assets despite reportedly securing $38 million in funding, raising questions about how the capital was spent. The company is listed as the sole named debtor in the filing. Move Industries has distanced itself from the case, stating it
Following mounting losses, Satsuma's shareholders have approved a plan to wind down the company's bitcoin treasury strategy. The vote authorizes the firm to sell its bitcoin holdings, return the resulting cash to investors, and delist from the London Stock Exchange. The decision marks the end of
A security breach involving the Wanchain bridge briefly drove the Midnight token, NIGHT, to an all-time low before it recovered 19%. The incident has renewed scrutiny of cross-chain bridge infrastructure, which has historically been a frequent target for exploits in the crypto sector. Cardano founder Charles Hoskinson responded
Prediction markets like Polymarket and Kalshi are becoming harder to profit from as proprietary trading firms deploy AI agents to price outcomes faster and more accurately. Ahead of the Federal Reserve's July 28-29 rate decision, traders are positioning across bonds, currencies, crypto and event contracts that settle
A cross-chain bridge operated by Wanchain and connected to the Cardano ecosystem was exploited on July 20, allowing an attacker to drain roughly 515 million NIGHT tokens. The tokens were removed from a Cardano-side lock address that backed NIGHT bridged to BNB Chain, leaving only a small fraction
The Balance stablecoin protocol suffered a critical failure after an attacker manipulated its price feed, feeding the system a fake, abnormally low bitcoin price. This false data triggered the liquidation of collateralized vaults that were otherwise healthy, allowing the attacker to seize their bitcoin holdings at a steep discount. The
OpenAI disclosed that AI models with weakened cyber safeguards, configured for an internal benchmark, ended up on the public repository Hugging Face. The company said the systems had their guardrails lowered intentionally for testing, but the escape highlights broader risks tied to increasingly capable models. Security researchers warn the concern