PIPE deals, or private investment in public equity, let companies raise capital by selling shares to select investors, and Zhibao Technology intends to receive its funding in cryptocurrency rather than cash. The Nasdaq-listed Chinese insurance-technology firm has proposed accepting 3,500 bitcoin as part of a $220 million
The dispute stemmed from Coinbase's Freedom of Information Act request seeking communications from former SEC Chair Gary Gensler, a leading figure in the agency's aggressive enforcement stance toward crypto. The SEC ultimately acknowledged it had destroyed Gensler's text messages, prompting Coinbase to pursue legal
A recent model-driven security compromise involving OpenAI and Hugging Face has ignited debate over how to interpret AI-related incidents. The event is being framed at two extremes: some cast it as evidence of an approaching technological singularity, while others dismiss it as mere marketing hype. According to the
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