24/7 Blockchain industry dynamics and breaking crypto news
Goldman Sachs analysts project global AI investment will exceed $1 trillion by 2026, with the US accounting for nearly $600 billion. AI capital spending as a share of US GDP is forecast to rise significantly, highlighting its growing economic importance.
Read MoreAqua 1, a renamed entity linked to market maker Web3Port, reportedly spent $100 million on WLFI tokens from Trump's World Liberty Financial. Its CEO, Guren "Bobby" Zhou, remains under an ongoing UK money laundering investigation since 2021.
Read MoreNorth Korean hacking group Kimsuky is now using locally-hosted AI tools like language models and coding assistants to develop malware and automate attacks, avoiding external data leaks and significantly boosting their cyber threat capabilities, according to a report by Genians.
Read MoreJPMorgan Chase has raised its year-end target for the S&P 500 to 8000, driven by robust corporate earnings and expectations that AI investments from major cloud providers will accelerate revenue growth. This new target suggests about 3% upside from current levels.
Read MoreFormer Ethereum Foundation member Abbas Khan emphasizes that successful founders understand foundations cannot find product-market fit for them. While foundations offer basic support like resources, the core responsibility for building and validating a product lies with the team itself.
Read MoreA fake Bitcoin wallet app on Apple's App Store has stolen approximately 6 BTC from a user. This marks the 27th fraudulent crypto wallet found on the platform this year, raising serious concerns about Apple's app review security.
Read MoreCME hedge funds have unusually shifted to net long positions in Bitcoin futures, breaking a long-standing bearish bias. This signals major institutional players are now betting on price appreciation, marking a potential market inflection point.
Read MoreOn-chain investigator Specter reported a major hack targeting crypto payment platform Coinsbuy on August 10th, resulting in over $7.9 million in losses across Ethereum and Tron networks. The attacker laundered portions of the stolen funds through exchanges to enhance anonymity. Specter has assisted in freezing several hundred thousand dollars of the assets.
Read MoreOn-chain data reveals Optimism halted its monthly OP token buyback plan after May, following two rounds of repurchases in March and April. The project previously spent ~418 ETH to retire over 9 million OP tokens. No official explanation has been provided for the interruption, raising questions about fund management.
Read MoreUK regulators are developing a regulatory framework for tokenized gold, engaging with major banks and industry bodies. This move aims to advance financial digitization and bolster London's status as a global gold trading hub. Detailed plans are expected within months, marking a key step in modernizing the traditional gold market.
Read MoreSouth Korea's Financial Supervisory Service is reforming its compensation system to cover losses from cryptocurrency-related scams. The new framework will calculate payouts based on asset type and quantity, moving away from a KRW-centric model. The changes are set to take effect in October.
Read MoreKey midday updates: US CPI data looms large, potentially impacting markets. South Korean lawmakers propose a 3-year delay on crypto income tax. Unitree Tech launches its IPO subscription, while xStocks' tokenized stock product may expand to new platforms.
Read MoreOn August 10, a decentralized stablecoin project was exploited, losing approximately 70.83 ETH. The attack exploited a pricing logic flaw in the redemption function, where the algorithm lacked split invariance, allowing the attacker to extract excess funds through split operations. This highlights critical DeFi security risks.
Read MoreOn-chain data reveals a whale transferred 37,390 HYPE tokens worth $2.03 million to KuCoin. Just one hour earlier, the same address moved $290,000 in USDC to another exchange. These consecutive transfers are drawing attention to major holder activity.
Read MoreGrayscale Investments has withdrawn its ETF registration applications for Cardano, Hedera, and Polkadot trusts, according to recent SEC filings. This move raises questions about regulatory hurdles and the firm's evolving crypto product strategy.
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