Open interest in perpetual contracts tied to stocks, metals and oil has doubled since late May as major crypto exchanges expand beyond digital assets, CryptoQuant reported. Summary TradFi perpetual open interest has more than doubled to over $2 billion since late May. Binance, Bybit and Gate control about 70% of the emerging derivatives segment. Crypto…
Strategy’s unprecedented five-week pause in Bitcoin accumulation has reignited debate over whether the world’s largest corporate Bitcoin holder is quietly changing course. After years of relentlessly issuing shares and debt to buy more BTC, the company has now gone 35 consecutive days without disclosing a purchase—its longest confirmed accumulation drought in nearly two years. While…
American Airlines flights were briefly grounded on Thursday, with a nationwide ground stop preventing them from taking off. The company has now issued a statement attributing the disruption to an IT issue. The ground stop was issued at approximately 6:30 p.m. ET / 3:30 p.m. PT, and appears to have impacted all American Airlines flights…
Payward, the parent company of cryptocurrency exchange Kraken, has agreed to acquire the wallet-as-a-service business of Magic Labs, adding embedded non-custodial wallet technology used by more than 60 million users to its expanding enterprise infrastructure platform. Financial terms of the transaction were not disclosed. The companies said the acquisition is expected to close in the…
OpenAI said Tuesday that the rogue AI agent that breached Hugging Face’s platform also hacked multiple third-party accounts and services as part of the attack. It’s now clear that the unprecedented security incident, which arose during an internal test of OpenAI’s latest AI models, was more extensive than the company initially disclosed. In an updated…
Key Takeaways India’s Narcotics Control Bureau dismantled the alleged Team Kalki darknet drug network. Binance and DSCI provided wallet tracking and blockchain analytics that helped investigators freeze crypto assets. The case shows how public transaction records can expose financial trails linked to encrypted criminal networks. Blockchain Left a Trail Despite the Network’s Secrecy A darknet…
Regional mediators are reportedly close to a proposal that could restart the US-Iran memorandum of understanding, although Tehran continues to deny seeking renewed talks with Washington. Summary Pakistan, Egypt and Qatar are reportedly pushing a plan to revive the US-Iran MoU. Iran and Oman have reportedly accepted a proposal addressing disputes over the Strait of…
Data security company Cyera, which recently raised $600 million at a $12 billion valuation, announced Tuesday that it signed a letter of intent to acquire Oasis Security for approximately $1 billion in a deal expected to be paid mostly in cash, with the remainder in Cyera shares. Oasis focuses on non-human identities, primarily AI agents….
Amazon is reportedly looking to revamp its AI strategy, shifting from a wide portfolio of models for text, images, video, and multimodal tasks toward a single frontier model. The ecommerce giant has been one of the main beneficiaries of the AI boom, with developers investing heavily in compute capacity from AWS. However, it has not…
Key Takeaways 134 bank leaders urged Senate lawmakers to strengthen stablecoin interest and yield restrictions in the CLARITY Act. Bankers warned incentives tied to stablecoin holdings could weaken the deposit base supporting local lending. The dispute centers on whether payment stablecoins should function only as transaction tools. Bank Leaders Push Senate to Rewrite Stablecoin Provision…
