AI firm Anthropic forms an employee-funded PAC while facing questions over political balance and a growing dispute with the Pentagon over AI use. Artificial intelligence firm Anthropic has launched a corporate political action committee (PAC), entering election financing as debates over AI policy intensify in Washington. The company filed a statement of organization with the…
Drift Protocol, a decentralized cryptocurrency exchange (DEX), says the recent exploit against the platform was a six-month-long, highly coordinated attack. “The preliminary investigation shows that Drift experienced a structured intelligence operation requiring organizational backing, significant resources, and months of deliberate preparation,” Drift said in an X post on Saturday. The decentralized exchange was exploited on…
Corporate Bitcoin (BTC) holders are diverging into two distinct paths amid continued market pressure. While Strategy held steady on its massive BTC reserves, Nakamoto Holdings moved in the opposite direction, selling at a loss and trimming exposure as it reworks its balance sheet. The contrast highlights a growing divide in the corporate Bitcoin treasury model….
Social media bearishness around Bitcoin has reached its highest level since the end of February, according to crypto sentiment platform Santiment. “FUD has crept back in with the community showing a key lack of optimism,” Santiment said in an X post on Saturday, adding that it is “usually a common ingredient for prices rebounding.” The…
Quantum computers capable of breaking the Bitcoin blockchain do not exist today. Developers, however, are already considering a wave of upgrades to build defenses against the potential threat, and rightfully so, as the threat is no longer hypothetical. This week, Google published research suggesting that a sufficiently powerful quantum computer could crack Bitcoin’s core cryptography…
Onchain detective ZachXBT claims that Circle, the issuer of the USDC (USDC) stablecoin, has failed to freeze or blacklist about $420 million in illicit fund flows since 2022. Circle can freeze illicit funds and blacklist wallet addresses, but either took “minimal” action to freeze illicit flows or failed to act in 15 separate hack-and-fraud cases,…
Tether is pressuring investors to commit to a fundraising round at a $500 billion valuation within the next two weeks, saying that it may delay the raise if demand falls short. The El Salvador-based firm has been seeking fresh capital since late last year but has faced resistance from investors wary of the valuation, The…
Key takeaways: Bitcoin hitting $72,000 would liquidate $2.5 billion in shorts, potentially crushing bears who are overleveraged. Iran’s war and high oil prices currently pressure BTC, but a ceasefire or ETF inflows could spark a rapid recovery. $2.5 billion in shorts at risk if BTC hits $72,000 Bitcoin (BTC) has consistently failed to hit new…
Prediction markets are pushing into Asia’s largest economies, even as local gambling laws place strict limits on betting activities. Asia represents a combination of scale, active retail participation and limited local alternatives, making it too large to ignore despite regulatory risks. That’s a similar pattern seen in crypto, where technology moved faster than regulation and…
The Bitcoin (BTC) network needs a “conservative” Bitcoin client node software implementation to preserve its monetary properties and strengthen network decentralization, according to Jimmy Song, co-founder of ProductionReady, a non-profit organization funding open source Bitcoin node software development and education. The organization has a “bias” against significant code changes, unless there is “overwhelming” community support…
