Crypto exchange BitMEX removes CEO, CFO and head of growth
The firm’s global general counsel, Peter Wilkinson, has taken over as CEO from Stephan Lutz.
CryptoBriefDesk
US Distances Its Naval Assets From Asia as New Guidelines for Tracking Emerge
A new Chinese military study led by Gao Tianyun at the National University of Defense Technology in Nanjing describes how a U.S. carrier strike group could be tracked and targeted from 3,000 kilometers away, roughly the distance from Shanghai to…
South Korea’s $518 billion AI chip push shows crypto is still losing the capital race
Samsung and SK Hynix are pulling a chip-plant buildout forward by a decade to meet AI memory demand. It is the latest and largest sign of the AI capital cycle that has drawn money away from crypto all year.
Bitcoin dips to $59,700 as Iran de-escalation lifts stocks but not crypto
U.S. equity futures rose after reports the U.S. and Iran agreed to halt strikes and resume talks. Bitcoin has barely moved, still down 6.8% on the week.
Certik Joins XDC Network as Validator to Strengthen Trade Finance Infrastructure
Web3 security firm Certik has signed a memorandum of understanding to become an institutional masternode validator for the XDC Network. Hybrid Architecture and Security Controls Web3 security firm Certik has joined the XDC Network as an institutional masternode validator under…
Base post-mortem reveals sequencer bug behind back-to-back outages
A “race condition” after the system was reset prevented the sequencers from catching up, causing the second outage.
Bitwise Stakes $114 Million in HYPE on Hyperliquid as Its Spot ETF Doubles Down
Asset manager Bitwise deposited 1.775 million HYPE worth about $114 million into Hyperliquid and subsequently staked the same tokens. The move expands a position the firm has been building since launching a spot Hyperliquid fund in May. A $114 Million…
Framework Ventures Raises $400 Million Fourth Fund as Crypto VC Pushes Into AI, Robotics and Energy
Framework Ventures has raised $400 million for its fourth fund, an oversubscribed vehicle the crypto-focused firm plans to deploy beyond digital assets into artificial intelligence, robotics, and energy. The cofounders are betting that “frontier technology,” not crypto alone, will define…
Bitcoin unspent transaction outputs signal capitulation underway: analyst
“These periods have always been profitable for long-term investors,” said CryptoQuant analyst Darkfost.
Polymarket Traders Wager on Strategy’s STRC Reclaiming Par as Critics Call It a ‘Junk Bond’
STRC’s collapse below par has sparked intense debate as Strategy’s variable-rate preferred stock struggles beneath the $75 mark. Yet Polymarket bettors still see a path back, wagering that the stock will eventually reclaim its intended price, though not anytime soon.…