The MOVE token is trading more than 99% below its all-time high of $1.45 and hit an all-time low barely two days ago. Movement Labs has filed for Chapter 11 insolvency protection in the U.S. Bankruptcy Court of Delaware. This follows months of controversy and a token scandal that left the network dealing with…
Pump.fun has introduced BOOST mode, a new launch mechanism that automatically converts “dead liquidity” into token buybacks and burns, aiming to strengthen newly launched memecoins after they migrate from the platform’s bonding curve. The feature became the default launch mechanism for all eligible new tokens on July 21 and is designed to improve capital efficiency…
The Trump administration is split over how to respond to the rapid rise of China’s leading AI models, according to multiple people familiar with deliberations. The debate is broadly divided between parts of the White House, which has pushed for stricter controls on Chinese AI that may soon rival the most powerful US models, and…
Key Takeaways Coinbase traced the 50-minute outage to an undetected Kubernetes resource name collision during a routine infrastructure update. The incident disrupted transfers, Coinbase Card debit purchases, institutional settlements, and onchain services across multiple platforms. The outage also disabled Coinbase’s normal rollback process, prompting new safeguards and infrastructure changes. Coinbase Explains What Went Wrong Crypto…
AFX suffered a $24.15 million USDC loss after an attacker targeted a cross-chain bridge linked to the trading protocol on July 22. Summary AFX’s cross-chain bridge lost $24.15 million USDC while Arbitrum’s native bridge remained unaffected during attack. The exploiter moved stolen USDC to Ethereum and converted the proceeds into 12,467.5 ETH afterward. Security firms…
Telegram is preparing what could become the largest cryptocurrency onboarding initiative ever attempted. Founder and CEO Pavel Durov has announced plans to integrate a native non-custodial crypto wallet directly into every version of Telegram, giving the messaging platform’s more than one billion monthly active users access to instant, zero-fee cryptocurrency transfers. The announcement, made on…
On Wednesday, IBM officially reported earnings and the news was as bad as everyone knew it would be. While the 115-year-old company still generates boatloads of cash — $17.2 billion in revenue, $9.9 billion in gross profit, nearly 58% margins, and $2.2 billion in net earnings for the quarter — its results fell well short…
Weekly Crypto Roundup Get the weekly briefing for Philippine crypto insiders, from the country’s longest-standing crypto and blockchain news publication. SwiftPay, the enterprise payments arm of Bangko Sentral ng Pilipinas (BSP)-regulated Swift Technology Ventures Inc., has launched SwiftGuard, a real-time fraud-detection and decisioning layer aimed at helping local banks and BSP-supervised financial institutions (BSFIs) comply…
China is considering tighter controls on AI models, training data, and chip designs, potentially limiting how Chinese technology reaches global users. The post China Considers Export Controls on AI Models, Training Data and Chip Technology appeared first on TechRepublic. Source link
Key Takeaways Seven Senate Democrats said the latest CLARITY Act draft needs stronger ethics and consumer protections. The revised bill would ban federal officials from issuing or sponsoring digital assets for compensation. Republicans defended the proposal, while White House adviser Patrick Witt challenged Democrats’ criticisms. Democrats Say Draft Still Falls Short A bipartisan agreement on…
