Bitcoin logged 2.27 million new wallets and 751,000 active wallets this week, its strongest onchain activity in months, as holders raced to move funds off Coldcard hardware wallets following a firmware exploit that has drained more than $116 million. A Security-Driven Surge, Not a Buying Spree Santiment put out onchain figures this week, describing 751,000 […]
Tokenized SpaceX shares saw nearly $700 million in trading volume on Gate as the underlying stock rallied 6.1% to around $114.92, bucking expectations that a 911.5 million-share unlock would send Elon Musk’s space company lower. A $700 Million Bet on One Day’s News Gate’s tokenized SPCX product lets crypto traders worldwide gain price exposure to […]
Circle has renewed its longstanding USDC partnership with Coinbase on existing terms, preserving a key distribution channel for the stablecoin. The company also ruled out quarterly dividends, saying capital can generate stronger returns by funding growth. Circle Says No to Quarterly Dividends as Growth Takes Priority Circle Internet Group is keeping two pillars of its […]
Cathie Wood’s Ark Invest bought $21 million in Block shares and $2.3 million in SpaceX stock, doubling down on two companies sitting at the intersection of bitcoin and Elon Musk’s business empire. Ark’s Latest Trades Ark Invest, the asset management firm founded by Cathie Wood and known for publishing its daily trading activity, disclosed purchases […]
A volunteer security group called the Bitcoin Red Team uncovered 4,962 vulnerabilities, 85 of them critical, across 390 open-source Bitcoin projects over a 27-hour stretch after the Coldcard hack. A Response to the Coldcard Exploit The Coldcard hardware wallet exploit drained bitcoin (BTC) from long-term holders after a firmware bug dating to March 2021. Losses […]
Tesla and SpaceX have formally committed $16.8 billion to break ground on Terafab, Elon Musk’s giant AI chip factory, after moving the project’s planned site from Austin to a rural county outside Houston. A Site Change for the Largest Building on Earth Musk first unveiled Terafab in March at Austin’s Seaholm Historic Power Plant, pitching […]
MARA Holdings posted a $611 million net loss in the second quarter as its bitcoin treasury shrank 29% year-over-year to 35,577 BTC. The report landed the same week rival Riot Platforms and MARA itself sent a combined 581 BTC to custodian NYDIG. A Rough Quarter by the Numbers MARA Holdings, the largest publicly traded bitcoin […]