Crypto

Cash App and Square drove better-than-expected results, while the company said it expanded its use of AI across software engineering. Fintech company Block (XYZ) lifted its full-year outlook after reporting a strong second quarter driven by growth in Cash App and Square, with gross profit up 25% year over year to $3.17 billion, ahead of Block’s prior guidance.  Second-quarter adjusted operating income also exceeded guidance, reaching $855 million, according to a results filing on Wednesday. Adjusted diluted earnings per share were $1.02, beating the Wall Street consensus estimate of 87 cents per share. The results led Block to lift its full-year gross profit guidance to $12.51 billion from $12.33 billion, and adjusted operating income to $3.47 billion from $3.34 billion.  Read more

Mysten Labs’ co-founder Sam Blackshear said he is joining Anthropic as AI shifts the balance between attackers and defenders. Sam Blackshear, the co-founder and chief technology officer of Mysten Labs, has announced he will be stepping down to join Anthropic to work on defensive security research. Blackshear, along with four former Meta executives, founded Mysten Labs — the creator of the Sui blockchain — in September 2021. Blackshear said Mysten Labs co-founder and CEO Evan Cheng will step in to set the “technical vision” for Mysten going forward. “When I reflect on my career, I have been happiest doing hands-on technical work while exploring new problem domains,” said Blackshear. “This is an opportunity to do both, and I’m motivated to work on security at a time when the balance of power between attackers and defenders is shifting.” Read more

“There’s a lot of chaos right now in the ecosystem. We absolutely understand that many people are being bombarded with security issues right now,” said Bitcoin developer Calle. A Bitcoin security group made up of just 16 volunteers said they have found nearly 5,000 potential issues during a rapid AI-assisted review of projects in the Bitcoin ecosystem.  Bitcoin Red Team is a volunteer security effort that includes Rob Hamilton, CEO of AnchorWatch and Bitcoin developer Calle, among others, which has been using AI tools and human review to scan open-source Bitcoin-related repositories for vulnerabilities.  “We’re averaging on the order of 1 critical exploit per hour per person,” said Calle in a post to X on Wednesday.  Read more

The revenue crossover is real, but Anthropic rent starts only as new capacity is delivered from late 2027. The post TeraWulf’s Bitcoin mining revenue fell 73% as AI related leases reached 71% of sales appeared first on CryptoSlate.

The Grayscale XRP fund added 480,000 net shares in Q2 after a derived 3.94 million-share Q1 contraction, but net assets still fell. The post Investors poured millions back into Grayscale’s XRP fund, but a $16.8M market hit instantly wiped out the comeback appeared first on CryptoSlate.

LINK's latest setup combines shrinking exchange supply, rising whale activity, and improving fundamentals, while traders await a confirmation.

Covered users must close positions and withdraw by 23:59 UTC, while the wider platform keeps two Aug. 26 clocks. The post BitMart gives US users just days to pull crypto before aggressive new compliance checks risk freezing their assets appeared first on CryptoSlate.

Binance alleged RedotPay poached customers from the crypto exchange in a lawsuit filed in Hong Kong.

Meta's new agent runs in your terminal, coordinates subagents, and survives crashes—but on the benchmarks that matter, it lags behind.

The lawmaker reportedly sent a letter to the Commerce Secretary demanding answers about the administration’s treatment of the UAE following investments in the Trump family’s crypto company. Senator Elizabeth Warren has reportedly asked the US Commerce Department to explain the administration’s policy toward the United Arab Emirates following the country’s investment in President Donald Trump’s family-backed cryptocurrency venture, World Liberty Financial. Read more

The release targets developers building autonomous apps and workflows on Cloudflare's edge—a clear bet on agent infrastructure.

Matt Hougan said the bill's failure could unsettle markets briefly, but clearer odds may remove uncertainty and support a fall rally.

The product-wide pause followed an $18.1 million BSOL outflow while seed and conversion capital complicate the cumulative total. The post All six US Solana ETFs have suffered five consecutive days of absolute zero net flows appeared first on CryptoSlate.

Meta AI predicts XRP's supply-driven repricing, highlighting catalysts and ETF approval odds for a strong price outlook. The post Mark Zuckerberg Meta AI Predicts an XRP Surge Few Saw Coming appeared first on Cryptonews.

A U.S. appeals court ruled Amazon is unlikely to prove Perplexity violated federal hacking law, marking the first appellate decision on whether AI agents can legally act on users' behalf online.

Eligible Visa Direct clients can now prefund accounts and send payouts in stablecoins, expanding Visa's latest push to bring blockchain-based payments into its global network.

CoinGecko shows 208.33 million and Tokenomics.com 233.332 million, but accessible official terms confirm only the investor-and-contributor tranche. The post A massive 100 million PROVE tokens unlock today, but razor-thin liquidity reveals a market unprepared for a 51% supply shock appeared first on CryptoSlate.

According to Michael van de Poppe, a breakout above $76 could trigger a rally to as high as $120.

US lawmakers have only a few days to hold a vote on a crypto market structure bill before a recess begins that could push consideration into the 2026 election season or beyond. The window for the US Congress to pass a comprehensive market structure bill on cryptocurrencies is closing, with the Senate set to go on recess in a matter of days, and lawmakers still have not announced clear plans to vote on the legislation. In a Wednesday X post, Senator Cynthia Lummis said she anticipated that the Senate would vote on the Digital Asset Market Clarity (CLARITY) Act before the chamber breaks for its month-long August recess. The Wyoming lawmaker has been one of the biggest proponents for the crypto bill, which has split many members of Congress and industry leaders over different provisions on ethics, stablecoins and tokenized equities.  “It’s just time to get people on the record,” said Lummis. Read more

Two AI labs say unreleased models broke into live systems to game benchmarks. Prosecuting a line of code is harder than it looks.