Author: James Wilson
Ethereum co-founder Vitalik Buterin recently distributed a 256 ETH grant to two privacy-focused messaging applications, Session and SimpleX Chat, according to publicly available blockchain records reported by CryptoSlate. Summary Buterin donates 256 ETH (~$600,000) to privacy-focused messaging apps. Grants were given to Session and SimpleX Chat to support development of metadata-resistant communication systems. Neither app integrates with Ethereum or other smart contracts, highlighting a focus on communication privacy infrastructure rather than typical blockchain functionality. The grant, valued at approximately $600,000 based on current ETH prices, targets development of metadata-resistant communication systems. Both recipient projects operate independently of blockchain infrastructure and…
Michael Burry, the investor known for predicting the 2008 financial crisis, has renewed his criticism of Bitcoin, stating the cryptocurrency is “worth nothing.” Summary Michael Burry says Bitcoin is “worth nothing” The investor, famous for predicting the 2008 financial crisis, renewed his criticism of the cryptocurrency as a speculative bubble lacking fundamental support. Crypto markets remain volatile and sensitive to regulation and investor sentiment. Burry claimed Bitcoin’s rise to six-figure price levels represents a speculative bubble not supported by quantifiable fundamentals. The investor noted on Michael Lewis’ podcast that widespread acceptance of Bitcoin’s elevated valuations demonstrates market behavior consistent with…
AI agents are now capable of exploiting smart contracts on Ethereum and other blockchains, raising urgent questions about the economic risks of autonomous cyber capabilities. Summary Frontier AI models, including GPT-5 and Claude, exploited smart contracts on Ethereum and other blockchains in simulated tests. The AI models discovered previously unknown security flaws—called zero-day vulnerabilities—in software (in this case, smart contracts on Ethereum). Findings highlight the urgent need for proactive AI-powered defense strategies, as AI agents now rival human hackers in identifying profitable blockchain exploits. A joint project by Anthropic and MATS Fellows used the newly created Smart CONtracts Exploitation benchmark…
The Federal Reserve officially ended its QT program on Dec. 1, freezing its balance sheet at $6.57 trillion. The move signals a shift in U.S. monetary policy with significant implications for Bitcoin and broader crypto markets. Source link
Trump-linked American Bitcoin stock price tanked by over 40% on Tuesday, reaching its lowest level since May this year. Summary American Bitcoin price crashed by over 40% on Tuesday. The decline was notable as it happened as Bitcoin recovered. This crash was likely because of technicals and panic selling. Why is American Bitcoin stock crashing The ABTC stock plunged to $2, down 86% from its year-high. This plunge has brought its market capitalization to $1.9 billion, down from $8.6 billion a few months. The stock crashed happened on the same day that Bitcoin (BTC) and other altcoins rebounded. Bitcoin price…
Pi Network price could be on the verge of a big move in December as a symmetrical triangle pattern nears its confluence and as key fundamentals align. Summary The Pi Network price has formed a symmetrical triangle pattern on the daily chart. It remains above the Supertrend indicator, pointing to a bullish breakout in December. The network has numerous bullish fundamentals, including the upcoming launch of DEX features. Pi Coin (PI) traded at $0.2320 today, Dec. 2, its lowest level since Nov. 21. This price is ~51% above its lowest level this year, giving it a market cap of nearly…
The crypto market rebounded today, Dec. 2, with Bitcoin and top altcoins rising by over 1% in the last 24 hours, and the market capitalization of all tokens rising to nearly $3 trillion. Summary The crypto market is going up today as liquidations drop. It also jumped as the odds that the Federal Reserve will cut interest rates in December hit 90%. The ongoing rebound could be a dead-cat bounce, also known as a bull trap. Crypto market up, liquidations drop, open interest spikes Bitcoin (BTC) and other altcoins rebounded as third-party data showed that futures market activity improved modestly. …
BlackRock’s U.S. Bitcoin ETF grew to $70B AUM, generating about $245M in annual fees, helping push the firm’s total bitcoin allocations toward $100B across products. Summary BlackRock’s U.S.-listed Bitcoin ETF amassed $70B in assets within 341 days and now holds over 3% of Bitcoin’s supply. Combined U.S., Brazilian and overseas bitcoin products have attracted nearly $100B, with net inflows of $52B in the first year alone. The ETF is now BlackRock’s most profitable product line, reinforcing institutional confidence despite normal volatility-driven outflows. BlackRock’s Bitcoin exchange-traded funds have become the asset management firm’s most profitable product line, according to Cristiano Castro,…
Crypto fraud victims are recovering stolen assets at higher rates as blockchain forensics, exchange cooperation and major seizures like the 127,271 BTC Prince Group case reshape recovery odds. Summary Advances in blockchain forensics let specialists trace funds through mixers to regulated exchanges, where assets can be frozen and seized. Professional firms report 58–72% recovery success when cases are reported within 90 days, but most victims still never file. Legitimate recovery firms avoid upfront fees and never request seed phrases, instead working with law enforcement using government-grade forensic tools. Cryptocurrency fraud victims are recovering stolen assets at increasing rates as blockchain…
BitMine Immersion Technologies has added over 7,000 ether for roughly $19.8 million to its stash that currently accounts for more than 3% of the flagship altcoin’s total supply. Summary BitMine has bought 7080 ETH for approximately $19.0 million. The firm now holds over 3.7 million ETH, representing more than 3% of Ethereum’s circulating supply. Data tracked by on-chain analytics platform Lookonchain on Dec. 2 shows that a wallet associated with BitMine picked up 7,080 ETH on FalconX, continuing a fresh buying spree that began Saturday. Over the weekend, the same wallet acquired 16,693 ETH for approximately $50.1 million, bringing the…