The $69,000 level marks the average cost basis for short-term holders, according to Glassnode, meaning Bitcoin currently trades below the price at which many recent buyers entered. At roughly $65,978, the token sits in a zone that could pressure short-term holders and expose the durability of
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
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
Tesla retained its full 11,509 BTC position throughout the second quarter, opting not to buy or sell despite a 14% drop in bitcoin's price over the period. The decline forced the electric vehicle maker to record a $112 million impairment loss, reflecting the reduced value of its
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
US authorities have moved to seize $26.4 million across five separate cryptocurrency scam cases, part of a broader Department of Justice effort that has recovered roughly $800 million in fraud-linked assets. Court filings reveal an asset-first approach, in which prosecutors prioritize locating and restraining digital funds early
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