The latest in digital assets, markets and regulation.
Qubic halted its layer-1 network after attackers drained $1.4 million from over 1,400 wallets via weak seed generation flaws. Most stolen funds remain frozen on-chain, while the team prepares a Computor vote for recovery options.
HEX founder Richard Heart was detained in Istanbul, causing the token's market cap to drop significantly. Meanwhile, Ledger launched a new post-quantum hardware wallet amid supply chain controversies, and Starknet voted to migrate to a Layer 1 blockchain.
MapQuest added a "Surveillance Layer" showing ALPRs from Flock, Motorola, and others amid bipartisan backlash. The feature maps camera locations and directions, though the data source remains undisclosed. This arrives as Texas freezes Flock funding and Sen. Sanders pushes for a ban.
U.S. spot Bitcoin ETFs lost $228.6 million this week, capping a two-week drain of $910 million driven by hot inflation data and Fed rate hike bets. Despite October being down $615 million, cumulative inflows since launch remain at $57.3 billion.
Reuters/Ipsos polls show 69% of Democrats and 61% of Republicans oppose betting on US elections via prediction markets like Polymarket. This bipartisan disapproval coincides with a legal clash between the CFTC and states over regulatory authority.
Thai police arrested a Chinese national in Bangkok for allegedly laundering $75 million via crypto exchanges. Investigators say he used 133 accounts and forged documents to evade capture, facing extradition after local legal proceedings.
Stablecoin issuer Tether and HIVEN have joined as strategic investors in AIsa’s completed seed extension round, bringing total funding to over $9 million. The investment supports AIsa’s infrastructure for autonomous enterprise AI agents.
DBi's Andrew Beer labels bonds "dead money" and promotes managed futures ETFs like DBMF, up nearly 19% YTD, as better hedges against volatility. However, NovaDius' Nate Geraci warns alternatives should complement, not replace, bonds in diversified portfolios.
Nine blockchain firms formed the Quantum Alliance to set standards for quantum-resistant cryptography. They warn that 6.04 million BTC is exposed to future quantum attacks, citing forecasts suggesting threats could emerge by the late 2020s.
StepFun launches the STEPX Neo, a $560 phone with an OS-native AI agent, aiming to solve app fragmentation issues that plagued rivals. Nearly 100 partners, including Tencent and Alipay, have integrated with the new Amoo agent.
Berkshire Hathaway invested over $900 million in Bending Spoons, boosting the Italian firm's stock 41%. The company acquires distressed SaaS assets like Airtable and Miro at steep discounts, applying operational changes to generate profit rather than seeking quick exits.
Meta and Uber faced massive AI bill overruns due to inefficient token usage, with Meta burning ~$900M in 30 days. Experts urge 'tokenmaxxing'—routing tasks to cheaper models—to counter the Jevons paradox driving rising costs despite falling prices.