A sharp decline in major technology stocks failed to spill over meaningfully into digital assets, signaling a potential divergence between crypto and equities. The Magnificent Seven group of tech giants recorded their worst trading day since April 2025, with Alphabet and Tesla rattling investors over concerns about heavy AI-related
Tesla recorded a $112 million pretax paper loss on its digital asset holdings during the second quarter, reducing the value of those assets to $674 million. The markdown lowered the company's GAAP earnings by $87 million on an after-tax basis, reflecting the impact of falling crypto prices
The X account belonging to Robinhood CEO Vlad Tenev was apparently compromised and used to promote a memecoin called Vladhood, which has been flagged as a scam. Such account takeovers are a recurring tactic in crypto, where attackers exploit the credibility of prominent figures to lure investors into fraudulent tokens
Asset management giant BlackRock has weighed in on one of the crypto industry's long-term concerns: the risk that powerful quantum computers could eventually break the cryptography securing Bitcoin and other networks. According to the firm, blockchain networks hold an advantage in confronting this threat because they can
Quantum computing could eventually break the cryptography that secures Bitcoin wallets, potentially exposing an estimated $460 billion in vulnerable holdings. To address that long-term risk, nine major financial and crypto firms have formed the Bitcoin Security Consortium, announced July 23, committing $15 million to support developers and researchers working
Nine major institutional players in the Bitcoin ecosystem, including BlackRock, Coinbase, and Strategy, have formed a consortium committing $15 million to support the developers who maintain and secure the network. The funding aims to bolster ongoing protocol work, with a particular focus on preparing Bitcoin's cryptography for potential
SEC Commissioner Hester Peirce cautioned on July 22 that certain crypto vaults and onchain lending strategies could fall under federal securities laws, depending on how they are structured and who controls investment decisions. Her remarks arrive as the crypto vault sector has swelled to roughly $131 billion, testing the boundaries