Crypto Biz: AI took a back seat as Bitcoin climbed
Rising crypto markets are bringing corporate balance-sheet strategies and institutional adoption back into focus, while Bitcoin’s climb has shifted attention away from AI-related themes.
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Rising crypto markets are bringing corporate balance-sheet strategies and institutional adoption back into focus, while Bitcoin’s climb has shifted attention away from AI-related themes.
a16z-backed OpenReserve received approval for a full-service national bank charter. The startup chose this route over a trust-bank structure, opening a path to insured deposits and conventional lending alongside stablecoin issuance.
A public company is restarting an $827 million Bitcoin treasury strategy after selling all its crypto holdings. Its proposed initial raise equals just 1.51% of the target and follows Strategy’s STRC funding model.
Ontology requires nodes to upgrade to version 3.1.5 after malicious activity hit the chain following a restart. The attack path and wider service-recovery details remain undisclosed, according to CryptoSlate.
OpenAI’s unreleased Astra model can reportedly find zero-day vulnerabilities and combine them into working exploits without step-by-step human guidance. Decrypt says access to the capability is beginning with a small group of testers.
Ontology has paused mainnet transactions while its technical team examines a potential security issue. No incident or asset loss has been confirmed, and the project has not disclosed when transactions will resume.
Japan’s Financial Services Agency requested a fiscal 2027 tax reform to exempt trust-type stablecoins from mandatory tax filings. Cointelegraph said the regulator expects the change to support their use as transaction tools.
CoinDesk’s week-ahead crypto briefing focuses on the U.S. jobs report and Russia’s digital ruble rollout, two developments on the digital-asset and macroeconomic calendar starting Aug. 31.
Bitcoin profitability data has generated a reversal signal previously seen at the start of its 2023 recovery. The CryptoQuant CEO says the pattern suggests Bitcoin’s bear market may be over.
StarkWare says Bitcoin has completed its first experimental quantum-safe transaction. The test used Bitcoin’s existing rules to protect funds from a potential future quantum attack without requiring a network upgrade.
A memecoin creator linked to nine days of unreleased GTA 6 footage sold his holdings hours before Rockstar’s first official gameplay reveal. The token had reached a $25 million market capitalization.