The scam is designed to look like a Blockstream Jade hardware wallet firmware update, and links to a malicious site. Blockstream, an infrastructure and hardware wallet provider, issued a warning about a new email phishing campaign attempting to target Blockstream Jade hardware wallet users. The company confirmed on Friday that it never sends firmware files through email and said that no data has been compromised in the attack. Phishing attacks are designed to steal crypto and sensitive user information through seemingly legitimate communication. According to Blockstream, the email featured a simple message directing users to download the latest version of Blockstream Jade wallet firmware by clicking on a link, which was malicious. Read more
Hyperliquid’s first stablecoin vote has drawn bids from Paxos, Frax, Sky, Agora and newcomer Native Markets, with billions in trading volume and stablecoin flows on the line. One week after opening a contest to decide the issuer of its first native stablecoin, USDH, Hyperliquid is preparing for a validator vote on Sunday to select the winner in what has quickly become one of the industry’s most closely watched community decisions. Hyperliquid, a decentralized exchange for perpetual futures that launched its own layer-1 in November 2024, handled $330 billion in trading volume in July with a team of 11 people. USDH will serve as the platform’s first dollar-pegged asset, providing traders with a stable unit of account and collateral option within the Hyperliquid ecosystem. The vote will decide which company controls the exchange’s canonical stablecoin and gains access to billions in stablecoin flows. Read more
The company signaled it would need the green light from California and Delaware policymakers as part of the restructuring plan. Artificial intelligence company OpenAI has signed a non-binding memorandum of understanding with its largest investor, Microsoft, to restructure its business. In a Thursday notice, OpenAI said the move, first proposed in May, would allow its for-profit arm to transition to a public benefit corporation, while the nonprofit would maintain control of the company. Under the deal, the nonprofit arm will have a stake worth more than $100 billion in the public benefit corporation. Read more
Bitcoin miners’ current rate of accumulation mirrors a pattern that fueled a 48% rally in 2023, but macroeconomic risks could cap BTC’s gains. Key takeaways: Strong Bitcoin miner and corporate BTC accumulation fuel speculation on BTC price surpassing $140,000. Investors’ rising inflation expectations and weakening consumer sentiment could prevent BTC from hitting new highs. Read more
Institutions take the wheel in 2025: HSBC and BNP join Canton, billion-dollar crypto treasuries emerge, Gemini eyes IPO and tokenized gold enters IRAs. Major financial institutions are reshaping crypto’s narrative in 2025, marking a departure from earlier cycles defined by retail speculation, memecoins and digital art alongside Bitcoin’s rise. Two of the world’s largest banks — HSBC and BNP Paribas — have joined the tokenization-focused Canton Foundation, following the likes of Goldman Sachs and other major backers as institutions push to bring blockchain-based utility to clients. At the same time, crypto markets are seeing a wave of billion-dollar shelf registrations and expanded initial public offering (IPO) plans, underscoring the race to accumulate digital assets and tap public markets. Read more