Crypto

SkyBridge's Anthony Scaramucci expects Bitcoin to return above $100,000 as the next halving approaches, despite BTC currently trading around $64,000.

A preliminary analysis says six chained bugs let a 23-message transaction drain 48.87 million CACAO, sending the token down nearly 89%. Cross-chain decentralized exchange (DEX) Maya Protocol halted its network after an attacker exploited a series of software flaws to obtain an estimated $1.7 million in crypto.  On Wednesday, Maya Protocol’s pseudonymous co-founder Aalux said the attacker stole about 20 Bitcoin, valued at $1.4 million and another $300,000 in assets. He said the protocol implemented a global halt, contained further damage and started working on a fix to resume swaps. A preliminary technical analysis shared by Aalux attributed the incident to six chained bugs involving trade accounts, outbound transaction handling and liquidity pool calculations. It said the attacker used a single transaction containing 23 messages to trigger a false theft detection, artificially inflate a low-liquidity pool and withdraw 48.87 million CACAO tokens from Maya’s Asgard module.  Read more

Bitcoin held near $64,000 and every major except BNB gained, while Korean semiconductor stocks fell more than 7% and Fed minutes are due at 2 p.m. ET.

Bitcoin's muted response to softer rate-hike expectations has raised questions about its near-term demand.

The company placed 4.96 EH/s in its operating column while a footnote said Ethiopia mining was paused. The post Canaan counted paused Ethiopia mining as nearly 35% of its July operating hashrate total appeared first on CryptoSlate.

The FASB said secondary-market liquidity alone would not be enough, with holders needing direct issuer redemption rights and one-to-one liquid reserves. The Financial Accounting Standards Board (FASB) has proposed guidance outlining when companies may classify certain stablecoins as cash equivalents under generally accepted accounting principles in the United States.  On Tuesday, the FASB said the proposed Accounting Standards Update would add illustrative examples to the current definition, addressing inconsistent treatment of digital assets such as stablecoins. The definition itself would remain unchanged.  The proposal says a qualifying digital asset would need an on-demand contractual redemption right, a direct redemption right with its issuer for a known cash amount and at least one-to-one segregated reserves held in short-term, highly liquid assets.  Read more

Stake-weighted approval could authorize a direction, but no target, legal buyer, ownership structure or operating authority has been named. The post Yakovenko wants Solana to mint SOL to buy a company, but who would own it? appeared first on CryptoSlate.

Former New York Gov. Andrew Cuomo says the CLARITY Act is key to linking crypto and traditional markets.

Legal ownership can pass at closing, while the public agreements disclose no collateral, guarantee or escrow. The post AsiaStrategy’s Astra deal lets insider-linked buyers take ownership before $8 million comes due appeared first on CryptoSlate.

The non-cash liability equals about 41% of cash, while HIVE’s filings leave the payment timetable unresolved. The post HIVE’s $84.7 million Swedish tax provision eclipsed revenue even as Bitcoin output hit a record appeared first on CryptoSlate.

Vlad Tenev says tokenized stocks could bring real-time settlement and 24/7 trading, but U.S. rules remain a hurdle.

Gov. Josh Shapiro ordered new restrictions on large data centers aimed at shielding residents from higher electricity costs and giving communities more control over proposed projects.

The optional window puts an assistant of your choice next to your tabs, with a switch to disable it.

Only 5.38 million shares are initially issuable, leaving most of the deal's equity impact behind an approval gate. The post This public company now controls 18% of Zcash mining power after $33 million Winklevoss-linked deal appeared first on CryptoSlate.

A tracking device planted in a book order ended at a Las Vegas facility where Amazon strips bindings to scan pages for training data.

Nasdaq's proposed schedule still includes a one-hour daily pause for processing and transition to the next trading day.

The Financial Accounting Standards Board, a nonprofit that governs accounting practices, proposed that certain stablecoins should fit the bill as cash-like.

The proposed rules from the US securities regulator would provide companies with a safe harbor from tokens being treated as “investment contracts” and certain exemptions for token issuance. The US Securities and Exchange Commission (SEC) has proposed new rules that could affect the cryptocurrency industry after lawmakers in Congress failed to pass a market structure bill before breaking for a month-long recess. In a Tuesday notice, the SEC said that the agency proposed rules to create a “clear and fit-for-purpose framework for certain investment contracts involving crypto assets.” According to the regulator, the “tailored securities offering regime” would allow entities to raise capital while preserving investor protections. The agency’s rules did not include an “innovation exemption” for crypto-based stocks, which had also been expected to be announced. Notably, the proposed rules came just days after the US Senate failed to advance the Digital Asset Market Clarity (CLARITY) Act, a bill expected to clarify t...

A new preprint says off-book routing damped liquidation feedback inside Hyperliquid, while wider market effects remain untested. The post Shifting $576M of forced sales off public order books saved Hyperliquid from a systemic crash appeared first on CryptoSlate.

X’s algorithm may turn argumentative replies into a feedback loop that serves users more content that clashes with their values, with the effect stronger among Democrats, researchers found.