Crypto

Later on Wednesday, Alphabet's earnings should give a sign of whether the hundreds of billions going into AI is paying off.

DOGE witnessed a rare setup that could be a precursor of a major rally, one analyst said.

US spot Bitcoin ETFs extended their inflow streak to six sessions, bringing in about $930 million while remaining down $4.84 billion on a net basis year to date. US-listed spot Bitcoin exchange-traded funds (ETFs) recorded their sixth consecutive day of net inflows on Tuesday, adding $203.1 million. The Bitcoin ETFs attracted about $930 million over the six-session streak, their longest run of consecutive inflows since April, according to SoSoValue data. The inflows came as Bitcoin traded above $65,000 and briefly climbed to $66,700 on Tuesday. At publication, Bitcoin traded at $65,802, up about 2% over the previous 24 hours, according to CoinGecko. Read more

A breakout above the level in question will require sustained spot buying or Bitcoin could retreat to lower support.

Meanwhile, a senior tech engineer at the project said now it's the most important time for Pi.

OpenAI said the systems had their cyber guardrails lowered for an internal benchmark, but the incident shows how autonomous exploit chains could pose a deeper threat to smart contracts.

The injection came after a painful crash in the local tech markets.

Semiconductor stocks led a second day of gains on AI optimism, while the yen slid past 163 per dollar for the first time since 1986.

Franklin Templeton Digital Assets has just described agentic artificial intelligence as the “killer use case” for blockchain and crypto.

The attack allowed the exploiter to liquidate multiple Bitcoin-backed vaults before swapping the assets for profit. Update July 22 at 4:37 am UTC: The article has been updated to include additional information from Slowmist about the exploit method. Balance Coin, an algorithmic stablecoin designed to maintain a peg to the US dollar, has fallen more than 99% following a reported exploit. The stablecoin, the native algorithmic stablecoin of Balance Protocol, is trading at $0.001358 at the time of writing, down from $0.9954, according to CoinMarketCap. Read more

OpenAI called it an “unprecedented cyber incident” after its AI models broke out of their sandbox to hack an AI startup during a security evaluation. OpenAI disclosed Tuesday that a combination of its AI models, including GPT-5.6 Sol and a more capable unreleased model, escaped its testing environment and hacked AI startup Hugging Face last week to cheat on a test meant to measure their capabilities. In a blog post, OpenAI said the evaluation was designed to operate in a highly isolated environment with restricted network access. The models, however, found a way to gain internet access through a zero-day vulnerability in an internally-hosted third party software, OpenAI said. “After gaining Internet access, the models inferred that Hugging Face potentially hosted models, datasets and solutions for ExploitGym,” it said. “Knowing this, the model searched for and successfully found ways to gain access to secret information that it could use to cheat the evaluation.”  Read more

The agreement gives Balaji Srinivasan’s tech community a potential new base as Malaysian authorities clamp down on the Network School over alleged licensing breaches. Balaji Srinivasan’s Network School, a community of “digital nomads,” is eyeing a new campus in Kazakhstan after its Forest City campus had its business license revoked over alleged premises-use violations.  A memorandum of understanding was signed between Kazakhstan’s Minister of Digital Development, Innovation and Aerospace Industry Zhaslan Madiyev and Srinivasan to establish the first Network School campus in Kazakhstan, according to a statement from the ministry.  The Kazakhstan agreement gives the Network School a potential new base after its Johor operation was ordered to cease operations effective Wednesday. Kazakhstan has been positioning itself as an emerging technology hub, including plans for Central Asia’s first “crypto city” in Alatau.  Read more

The UK Bitcoin treasury company raised $218 million less than a year ago. Now it's returning whatever is left.

Illinois enacted a 0.2% tax on all crypto transactions last month, with the tax taking effect next year.

Glassnode reported improving derivatives activity despite muted spot trading in the Bitcoin market.

According to one lawyer testifying before a House subcommittee hearing, the CLARITY Act could grant the CFTC the authority it needs to address the “explosive growth of prediction markets.” Lawmakers in the US House Committee on Agriculture’s Subcommittee on Commodity Markets, Digital Assets, and Rural Development held a hearing on how the Commodity Futures Trading Commission (CFTC) could address oversight of prediction market companies, including discussions of pending crypto market structure legislation. In a Tuesday hearing on “Examining Customer Protections and Market Integrity in Sports Event Prediction Markets,” Carl Kennedy, a partner at New York law firm Katten Muchin Rosenman, said that the CFTC was likely too “short-staffed” to fully deal with the regulation and enforcement of prediction market platforms like Kalshi and Polymarket. According to the lawyer, the Digital Asset Market Clarity (CLARITY) Act under consideration in the US Senate could grant the commodities regulator additional authority not...

Section 701 would place qualifying assets held for customers in Chapter 7 customer-property rules, while classification and title-transfer clauses still matter. The post Senator Lummis says with CLARITY “your crypto stays yours” – but bankruptcy shields have limits appeared first on CryptoSlate.

OpenAI's own models just broke out of a sandboxed environment, hacked Hugging Face, just to cheat on a cybersecurity evaluation.

The White House has circulated some details of the conflict-of-interest limits the president agreed to with Republican negotiators, but talks are still underway.

The blockchain developer will continue operating under court supervision as it restructures following a market-making scandal, a co-founder’s suspension, and exchange delistings that rocked the project. Movement Labs, the developer behind the Movement Ethereum layer-2 blockchain, has filed for Chapter 11 bankruptcy protection in the US Bankruptcy Court for the District of Delaware, according to court records. The petition was filed July 15 under Subchapter V, a streamlined reorganization process for qualifying small businesses. The filing allows the company to continue operating while it restructures under court supervision. On Monday, the court approved interim requests allowing Movement Labs to maintain its bank accounts and cash management systems and obtain debtor-in-possession financing to fund operations during the bankruptcy process. Creditors have until Sept. 14 to file claims. Read more