Headlines

AI Is Overbuilt, and Bitcoin Could Benefit From It

Hayes leaves room for an AI bull case, arguing stronger demand within a year could make AI infrastructure companies more profitable overall. Arthur Hayes, the former BitMEX CEO and co-founder of crypto investment firm Maelstrom, told CNBC at the Gamma Prime Investing Conference in Singapore that humanity is “wasting multi-trillion dollars” on AI data…

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Allbridge Pauses Protocol After $1.65M Exploit Drains Stablecoin Liquidity Pools

Allbridge has asked users to withdraw liquidity immediately after a $1.65 million exploit. Cross-chain stablecoin bridge, Allbridge Core, suffered a security exploit that resulted in losses of approximately $1.65 million, according to blockchain security firm PeckShield. The firm said the attacker has already bridged the stolen funds from Solana to Ethereum. Allbridge Responds Allbridge…

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TOKEN2049 Announces US Expansion With Inaugural New York Conference Scheduled for June 2027

Weekly Crypto Roundup Get the weekly briefing for Philippine crypto insiders, from the country’s longest-standing crypto and blockchain news publication. Check out the BitPinas Token 2049 Coverage Here Crypto event series TOKEN2049 will expand to the United States with an inaugural New York conference scheduled for June 16-17, 2027, organizers announced Wednesday at its Singapore…

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Europol warns crypto wallets face quantum threats

Europol has warned that future quantum computers could threaten cryptocurrency wallets and long-lived encrypted data, urging the crypto industry to begin security preparations before practical attacks become possible. Summary Europol says quantum computers could expose cryptocurrency wallets by deriving private keys from public keys. Europol recommends phased migration to post-quantum cryptography, stronger wallet security, and…

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Targeting Trump, California Governor Gavin Newsom Signs Bill Banning Public Officials From Issuing Memecoins

California Governor Gavin Newsom signed a bill on Sunday that bans state public officials from launching memecoins. In addition to the ban on state officials, California Assembly Bill 2409 also prohibits crypto service providers from offering California residents the sale of any memecoin launched in association with federal, state or local public officials. That second…

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