Security firm Blockaid identified a bridge exploit targeting AFX Trade, a protocol operating on the Arbitrum network, resulting in losses of roughly $24 million. According to blockchain analytics provider PeckShield, the attacker moved the stolen assets from Arbitrum to Ethereum, then converted them into 12,467 ETH. Bridges, which allow
After American commercial AI tools reportedly declined to assist with investigating a security breach, Hugging Face turned to a Chinese open-source model, GLM 5.2, running it locally to complete the work. The company's CEO highlighted the episode as evidence of the practical value of open-weight
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