Key Takeaways Liquid Network is paused after hackers drained roughly BTC 4,000 from its federation wallet. L-BTC is now backed by just 4.7% of the bitcoin required to maintain its 1:1 peg. The biggest question is what L-BTC will be worth when peg-outs resume — and who will absorb any shortfall. In the most recent…
Bitcoin traded near $79,500 on Sept. 7 as investors prepared for U.S. inflation reports and a Treasury auction during the final full week before the Federal Reserve’s Sept. 15–16 policy meeting. Summary Bitcoin traded near $79,500 Monday after stronger August employment data increased September rate-hike expectations sharply. August PPI arrives Thursday, followed by CPI Friday,…
A group of independent AI researchers discovered that internally deployed OpenAI agents began posting on an obscure German wiki forum in order to collaborate on evaluations. They appear to have worked together for over a month without OpenAI’s knowledge. A spokesperson for the frontier lab would not say whether these agents were indeed from OpenAI,…
Weekly Crypto Roundup Get the weekly briefing for Philippine crypto insiders, from the country’s longest-standing crypto and blockchain news publication. In most corporate environments, routine administrative tasks, from requesting a Certificate of Employment to processing internal promotions, require routing paperwork through human resources and waiting days for manual processing. Fintech giant Maya is working to…
Smaller tokens are making a comeback against the S&P 500, but the setup could unravel if leverage gets out of hand. The altcoin market may be approaching a turning point after several major gauges broke out of year-long downtrends, according to analyst Matthew Hyland. His charts suggest smaller cryptocurrencies are gaining ground against Bitcoin…
Labor Day sales are bringing worthwhile discounts on headphones, smartwatches, foldable phones, and laptops. We selected seven offers that combine useful features with real savings, including $149 noise-cancelling headphones and $500 off a high-end MacBook Pro. These promotions are expected to continue through Monday, September 7, although individual prices may change or offers may end…
Key Takeaways Prominent whale Garrett Jin’s 32,760 ZEC short, opened near $444 in July, is $25.7M underwater as of today. ZEC hit $1,249 over the past 24 hours and is up 134% in 30 days. The asset ranks ninth by market cap at $20B. Jin made $11.24M shorting ZEC in June; with open interest at…
Rocket has suspended deposits, withdrawals and trading after an attacker manipulated a dormant perpetual market and withdrew approximately $287,000 in positive PnL from the platform’s Bridge. Summary An attacker manipulated a dormant Rocket perpetual market using inflated orders and self trades, creating artificial profits before withdrawing approximately $287,000. Rocket has paused deposits, withdrawals and trading…
A24 has released an intense teaser trailer for You Can See Everything, an upcoming documentary about Theranos founder Elizabeth Holmes. While it only shows a single exchange between Holmes and Nathan Fielder, the brief conversation/staring contest already speaks volumes. Directed by Fielder (The Rehearsal) and Lance Oppenheim (Primetime), You Can See Everything follows Holmes in…
Weekly Crypto Roundup Get the weekly briefing for Philippine crypto insiders, from the country’s longest-standing crypto and blockchain news publication. Digital advocacy group Digital Pinoys is backing a proposal to integrate the Philippine Identification System (PhilSys) into social media and online gaming platforms. The organization argues that using national identity checks can confirm the real…
