Traders Sue Polymarket Over 'No' Ruling on Strategy Bitcoin Sale
Two Polymarket traders are suing the prediction market platform, claiming it rewrote a market's rules after the fact to deny them a winning payout tied to Strategy's Bitcoin sale.
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Bitcoin's recent macro relief faces a challenge from Japanese interest rates
The 10-year Japanese government bond (JGB) yield has surged to a 30-year high of 2.85%, adding 18 basis points since the start of the month and raising borrowing costs across other major developed markets.
Binance taps into Bitcoin holders’ hunger for yield with new covered call yield play
The product, BTC Yield, is available inside Binance Earn and is designed exclusively for people who already hold bitcoin.
BONK faces $20 million treasury drain after attacker spends $4 million to pass malicious proposal
Onchain governance was heralded a few years ago as the future of how communities run themselves. But a multimillion attack on the memecoin BONK shows the cost of putting a treasury at the mercy of a public vote anyone c…
XRP stalls near $1.14 as breakout attempt struggles for volume
XRP is still trying to turn last week’s rebound into a cleaner breakout, but the move is struggling for follow-through. Buyers stepped in after a sharp drop toward $1.11 and drove the token back toward resistance, yet X…
Bitcoin's U.S. reserve still a work-in-progress as federal agencies hash it out
The White House acknowledges that the process for setting up a long-term stockpile of bitcoin
UK Foreign Secretary Warns of 'AI Hiroshima' if Policymakers Don’t Act
Governments risk repeating mistakes made during the dawn of the nuclear age if they wait to create laws governing artificial intelligence, warned UK Foreign Secretary Yvette Cooper.
Yield Guild Kills Crypto Game Publishing Arm, Lays Off 35 in AI Pivot
Yield Guild Games, a blockchain-based gaming organization, announced Monday that it is shutting down YGG Play, its publishing arm for crypto-infused casual games, citing the crypto market downturn alongside broader vide…
Over 150,000 People Signed Up to Masturbate With AI. Here's Why
When the AI companion company Joi announced in May that it would pay people $2,000 to test an AI-guided masturbation feature, it expected attention. It didn't, however, expect the campaign to go viral, drawing more than…
Solana Meme Coin Bonk Treasury Drained of $20 Million in 'Malicious' Governance Attack
BonkDAO, the decentralized autonomous organization tied to the popular Bonk meme coin on Solana, fell victim to a "malicious" governance attack that resulted in a roughly $20 million heist from its treasury.
'We Cannot Vibe Code the Future of Humanity', UN Chief Warns at AI Summit
UN Secretary-General António Guterres opened the first Global Dialogue on AI Governance in Geneva on Monday telling 193 nations that AI is already outpacing the institutions meant to govern it—and that humanity is runni…
One month that shook the market: Saylor's struggles over bitcoin strategy yields big losses
Strategy's (MSTR) machinations of the past few weeks at a minimum suggest a company attempting to find its footing as bitcoin's
Ethereum developers embrace Vitalik Buterin's long-term vision but urge quicker execution
Ethereum's ambitious plan to reinvent itself over the next several years is getting an enthusiastic reception from many of the network's researchers, though several say the biggest challenge won't be deciding what to bu…
Coinbase's AI System Hallucinated a World Cup Result Before the Match Even Started
Coinbase’s AI-generated news system drew scrutiny over the weekend after sending users a false alert that reported the outcome of a World Cup match hours before players took the field.
Ethereum 'Reinventing Itself' With Biggest Overhaul Since the Merge: Vitalik Buterin
Ethereum co-founder Vitalik Buterin has laid out an updated vision for the blockchain's next several years, billing it as the most sweeping rebuild since the network ditched mining and declaring that Ethereum is "reinve…
Tom Lee’s BitMine Adds $73 Million in Ethereum While Strategy Dumps Bitcoin
Publicly traded Ethereum treasury firm BitMine Immersion Technologies added around $73 million in ETH last week while Strategy, its leading Bitcoin counterpart, dumped $216 million in BTC to pay dividend obligations.
Russia's largest bank plans crypto wallet launch as Moscow clears market path
Russia’s largest bank, Sberbank, plans to offer a cryptocurrency wallet and digital depository by December, bringing the financial institution into a market the country spent years trying to contain.
Bitcoin's Sharpe Ratio slides to lowest since 2022. Here's what it means.
The Sharpe Ratio is the gold standard for measuring risk-adjusted returns and was developed by Nobel Prize-winning economist William F. Sharpe.
Bitmine added another $74 million in ether as Tom Lee bets on Clarity Act boost
Bitmine Immersion (BMNR), the largest Ethereum (ETH) treasury company, stepped up its buying pace last week, purchasing 42,197 ether (ETH) as chairman Thomas Lee pointed to improving prospects for U.S. crypto legislatio…
Cantor says Strategy's recovery hinges on restoring STRC to par
Cantor said Strategy's (MSTR) top priority is restoring its STRC preferred stock to par, arguing that doing so is key to restarting the company's bitcoin
DeFi protocol Summer.fi halts Lazy Summer vaults after $6 million exploit
Decentralized finance protocol Summer.fi has paused its Lazy Summer vaults after an exploit that drained about $6 million from the Ethereum-based yield platform, according to the project and several blockchain security …
U.S. inflation outlook underpins bitcoin bulls after best week since March
This is an excerpt from CoinDesk newsletter 'Daybook.' Sign up here, if you haven't already.
Coinbase AI draws backlash after pushing World Cup result before kickoff
Coinbase (COIN) sent users a false “breaking news” alert saying Norway's soccer team beat Brazil 3-2 in a World Cup knockout match before the game had even started.
Crypto bounces back from the brink as altcoin optimism returns despite pockets of weakness
Bitcoin is trading at $62,800, recovering from a July 1 dip below $58,000 that raised concerns of a slide toward $50,000.