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Bitmine Adds $74 Million in Ethereum as Tom Lee Says Crypto Bull Market Is Underway
Bitmine bought another $74 million in Ethereum, bringing its holdings to nearly 5.99 million ETH, or 4.9% of supply. Chairman Tom Lee said Ethereum’s outperformance supports his view that a crypto bull market is underway.
Decrypt
Bitmine Buys $75 Million in Ether as Tom Lee Says Institutions Remain Underweight
Bitmine bought $75 million of ether as chairman Tom Lee said institutions remain underweight in crypto. Lee said ether’s strong third quarter could encourage investors to increase their digital-asset exposure.
CoinDesk
Bessent Defends Dollar Strength and Global Role of Stablecoins
Scott Bessent rejected a bearish assessment of the U.S. economy, citing strong growth, foreign demand for American assets and continued dollar dominance. He also highlighted the dollar’s role in global markets and stablecoins, CoinDesk reported.
CoinDesk
Hyperliquid launches perpetual futures tied to Bitcoin volatility index
Hyperliquid has debuted BVIV perpetual futures, allowing traders to take long or short positions on 30-day bitcoin volatility through Kinetiq’s Markets frontend. The launch was led by Volmex CEO Cole Kennelly, CoinDesk reported.
CoinDesk
CryptoSlate examines Gen Z’s return to traditional investing habits
CryptoSlate reports that some Gen Z portfolio choices resemble older-generation investing habits, marking a contrast with millennial-era crypto speculation and highlighting changing investment fashions.
CryptoSlate
Claude helped Hacktron researchers breach OpenAI accounts in 72 hours
Hacktron researchers used Anthropic’s Claude to exploit vulnerabilities and access multiple OpenAI ChatGPT and Codex accounts in July. One compromised Codex account connected to OpenAI’s GitHub and an internal code repository.
CryptoSlate
Andrew Yang Urges AI Shutdown Controls as Safety Concerns Grow
Andrew Yang is urging lawmakers to impose liability requirements, release waiting periods, and shutdown controls on frontier AI firms as autonomous agents raise concerns about cybersecurity and employment.
Decrypt
Chainflip to Reset TRON USDT Provider Balances After $736,000 Exploit
Chainflip plans to reset TRON-based USDT provider balances to zero after a $736,000 exploit. Providers retain separate on-chain records of amounts owed, but the protocol has not announced a repayment timeline.
CryptoSlate
BitMEX Faces Celsius Estate Lawsuit Over 6,360 BTC Liquidation
The Celsius estate is suing BitMEX over the alleged wrongful liquidation and seizure of 6,360 BTC, worth nearly $490 million, during the March 2020 market crash. The lawsuit comes ahead of BitMEX’s exchange closure.
Cointelegraph
Bitcoin’s Quantum Dilemma Puts Coin Freezes Under Debate
Bitcoin Magazine’s Quantum Issue features Jameson Lopp’s essay on whether Bitcoin should freeze coins vulnerable to quantum computing, highlighting the contentious social and governance decisions such an intervention could create.
Bitcoin Magazine
Celsius estate files $495 million lawsuit against BitMEX over 2020 liquidations
Celsius’s bankruptcy estate is suing BitMEX for $495 million over alleged fraud, market manipulation and wrongful liquidations during Bitcoin’s March 2020 market turmoil. The complaint says losses exceeded 6,360 BTC.
CryptoSlate
Two Robinhood Engineers Charged Over Alleged Insider Trading on Hyperliquid
U.S. prosecutors charged two Robinhood engineers over alleged insider trading, saying they used confidential token-listing information to trade ahead of announcements through Hyperliquid perpetual futures.
CoinDesk
Tonkeeper Rebrands as Keeper With Support for Bitcoin, Ethereum and Tron
Tonkeeper is becoming Keeper as its self-custodial wallet expands beyond The Open Network. The service now supports seven blockchains, including Bitcoin, Ethereum and Tron, with more financial products planned.
Decrypt
