Essential research reporting and analysis for the digital-asset economy.
Swarmchasers researchers communicated with active AI agents scraping Alibaba's Amap via hidden text. The fleet made over 2,600 attempts, using exposed credentials and anti-bot workarounds. Activity traced to Tencent Cloud, though sources say it tested third-party models, not Hunyuan.
Google Quantum AI validated magic state cultivation on its Willow chip, cutting errors 40-fold and achieving 99.99% fidelity. This reduces the high resource cost of quantum programs but remains far from the precision needed to break current encryption standards.
Binance.US seeks $100M funding at a $1B valuation, down from $4.5B in 2022. The raise aims to regain market share post-2023 US settlement. World Liberty Financial was informed but will not participate in the round.
Grayscale reports Bitcoin’s volatility fell to 43%, lower than 19% of S&P 500 stocks. This maturity, driven by ETF inflows and liquidity, shifts the focus from risk avoidance to precise portfolio sizing.
Bitwise CIO Matt Hougan argues Bitcoin wins in all AI scenarios: superabundance boosts scarce assets, while a bubble burst triggers bailouts favoring crypto. He cites near-certain government intervention and ongoing institutional adoption as key drivers.
Chainalysis reports the U.S. became a net Bitcoin importer in 2026, driven by institutional buying, while exporting dollar-pegged stablecoins globally. This shift follows the 2024 spot ETF approvals, which boosted America's share of global crypto activity despite a 2.2% contraction in the total U.S. crypto economy.
Google DeepMind reports no significant acceleration in AI research despite models writing over 75% of code. Capability growth remains linear at 0.1 points monthly, contradicting fears of rapid recursive self-improvement. Human oversight still steers 88% of code changes, limiting autonomous R&D risks.
Ethereum, XRP, and Solana suffered outsized drawdowns exceeding Bitcoin's decline as macro pressures mounted. Rising U.S. inflation data and potential interest rate hikes triggered aggressive hedging and liquidity withdrawal, impacting high-beta altcoins most severely.
Bitcoin dropped below $80,000 amid hot inflation data, causing $948.22 million in liquidations. Long positions accounted for 90.6% of losses as BTC traded 2% below the average cost basis of U.S. spot ETF holders.
Bitcoin dipped below $80,000 after U.S. producer prices rose at their fastest pace in four years. Traders now expect the Federal Reserve to keep interest rates higher for longer, impacting liquidity and asset valuations.
OpenAI published 722 math manuscripts generated by an unreleased internal model, but only 162 results have been formally verified in Lean.
Bitcoin (BTC) price gains do not yet reflect enough new capital entering the market, analysis warns. “New money” inflows into Bitcoin — purchases by corporate treasuries, “stablecoin growth” and inflows…