ChatGPT automates North Korea’s crypto hacks. Malaysian highway funds funneled to digital assets. Asia Express North Koreas state-sponsored hacking groups are automating cryptocurrency theft with the help of AI tools like ChatGPT, according to South Korean cybersecurity officials. Lee Seul-gi, lead researcher at the Korea Internet & Security Agency (KISA), said attackers are using AI-configured scripts to automatically transfer crypto to their own wallets once a victims balance exceeds $200. During a security conference in Seoul on Thursday, Lee shared the findings of an investigation that analyzed 39 virtual server images seized in September, according to local media. Read more
Mounting macroeconomic risks, declining Bitcoin miner revenues, and cautious sentiment among investors could trigger a sharp BTC price correction. Key takeaways: Despite strong macro trends, Bitcoin derivatives show fading investor confidence in sustaining the recent price gains. Bit Digital’s pivot to Ether raises fears that other miners may also unload their BTC reserves. Read more
After passing the GENIUS stablecoin bill, Republican leadership on the Senate Banking Committee has turned its sights to digital asset market structure. US Senator Tim Scott, chair of the Senate Banking Committee, said the chamber would be aiming to pass legislation for digital asset market structure “before the end of September.” In a Thursday “fireside chat” with Wyoming Senator Cynthia Lummis and White House crypto adviser Bo Hines, Scott said “for the market to function completely,” Congress would need to move forward with legislation for market structure and stablecoins. The senator set a goal of passing a market structure bill by Sept. 30. “You’re the chairman, and we will do as you wish,” said Lummis in response to Scott’s goal for market structure. “We will make sure that we’re ready to do that.” Read more
Over 70 crypto exchange-traded funds are awaiting review from the United States Securities and Exchange Commission. Bitwise has amended its proposed Dogecoin and Aptos exchange-traded funds to include in-kind redemptions, according to filings on Thursday. The updates come as discussions around altcoin ETFs and redemption structures gain traction with US regulators. In-kind redemptions allow investors to exchange ETF shares directly for the underlying tokens. The mechanism is considered more tax-efficient and can appeal to all types of investors, from institutional to retail. In February, the SEC sought comments on a proposal to allow in-kind creations and redemptions for spot Bitcoin (BTC) and Ether (ETH) ETFs. During a panel at the Bitcoin Policy Institute on Wednesday, US Securities and Exchange (SEC) Commissioner Hester Pierce said in-kind redemptions for crypto ETFs are on the horizon. Read more
Meta's latest AI hire follows several developments and partnerships aimed at making the tech giant a leader in the burgeoning sector. Tech company Meta has hired Trapit Bansal, a former key researcher at artificial intelligence company OpenAI, who was central to developing the firm's o1 reasoning AI model. Bansal is the latest ex-OpenAI researcher to join the Meta team, following the addition of Lucas Beyer, Alexander Kolesnikov, and Xiaohua Zhai, according to TechCrunch. The hires are part of Meta's push to expand its AI operations and overhaul the capabilities of its reasoning models by training its AI on real-world scenarios to cultivate intelligence. Meta chief AI scientist Yann LeCun previously said: Read more
The reported business deal would make the “Web3-native fund” one of World Liberty Financial's biggest tokenholders, with more than Tron founder Justin Sun. World Liberty Financial, the cryptocurrency company backed by US President Donald Trump and his family, has reported that a United Arab Emirates-based company purchased $100 million worth of the platform’s governance token, WLFI. In a Thursday notice, World Liberty and Aqua1 Foundation — self-described as a “Web3-native fund” — said the $100-million deal was “intended to help accelerate the creation of a blockchain-powered financial ecosystem centered on blockchain development, Real World Asset (RWA) tokenization, and stablecoin integration, aiming to set new benchmarks for global capital efficiency.” The purchase makes Aqua1 a bigger WLFI tokenholder than Tron founder Justin Sun, who invested $30 million in the project in November. Read more
The interim US Attorney for the Southern District of New York requested an exclusion so prosecutors and defense lawyers may discuss a “potential resolution” for Michelle Bond's case. Jay Clayton, the former chair of the US Securities and Exchange Commission and now interim US Attorney for the Southern District of New York (SDNY), has suggested that prosecutors and defense lawyers may explore a “potential resolution” in the criminal case involving Michelle Bond, the wife of former FTX Digital Markets co-CEO Ryan Salame. In a Thursday filing in the US District Court for SDNY, Clayton requested the judge overseeing Bond’s case exclude seven days under the Speedy Trial Act so the two sides could “engage in discussions regarding a potential resolution of the matter without the need for trial.” The filing followed a similar request for a three-day delay by Bond’s lawyers. Judge George Daniels signed an order the same day, cancelling a previously scheduled conference on July 15 and ordering oral arguments for a moti...
A Bitcoin price pattern with a high hit rate formed on the daily chart. Are new BTC all-time highs incoming? Key takeaways: Since 2021, 78% of Bitcoin's bullish engulfing patterns have led to new local highs, especially within broader uptrends. Bitcoin has absorbed over $544 billion in capital since November 2022, pushing the realized market cap to $944 billion. Read more