NFT startup founder charged with misusing funds from $10 million fundraising
Federal prosecutors say Taj Tarsha misled backers and used investor funds for personal expenses.
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Federal prosecutors say Taj Tarsha misled backers and used investor funds for personal expenses.
JPYC said it plans to use the new capital to expand its financial and Web3 ecosystem and accelerate adoption of its yen-pegged token.
Nasdaq-listed PowerCompute refinanced $18 million of debt through a Bitcoin-backed facility carrying an initial interest rate of about 2%.
Bitcoin was near $64,830 on Thursday, up 0.8% over 24 hours and 1.3% over the week, trading within a narrow range, according to CoinDesk data. The market's recent strength is attributed more to macroeconomic hopes, such as expectations of lower inflation from potential easing in oil prices and a reopening of the Strait of Hormuz, rather than fresh crypto demand. President Donald Trump highlighted ongoing strong employment data, improved manufacturing, and decreasing inflation, which have supported risk assets like bitcoin. However, the movement of bitcoin depends on several factors lining up, including lower oil prices leading to lower inflation expectations and a fall in real yields and the dollar, with the asset remaining sensitive to equity market sentiment.
A volunteer group running AI models against bitcoin codebases says it is averaging roughly one critical bug per hour per person, at about $10,000 a day in compute.
The S&P 500 just added roughly the entire crypto market's value this month. Bitcoin has barely moved, and the reasons go beyond the obvious.
Criminals are reportedly using fake websites and falsified documents to target customers searching for licensed crypto providers.
Eliza Labs founder Shaw Walters said the project transferred its remaining treasury to settle a tokenholder lawsuit and will continue building Eliza without an associated cryptocurrency.
Bitcoin remained above $64,600, holding its position after defending a dip earlier in the week, with the optimism centered more on Bitcoin than the broader crypto market, according to Alex Kuptsikevich of FxPro. The overall crypto market showed mixed movement, with Ether slightly higher at $1,904 and XRP declining nearly 3% to $1.04. Attention was also on SpaceX, which had about $101 billion of stock becoming tradable as the first lockup expiration, with the company holding approximately $1.1 billion worth of Bitcoin as of June. Major traditional markets experienced a slight decline, with the MSCI All Country World Index dropping 0.2%, while gold prices rose 0.4% amid reduced rate-hike expectations.
CryptoQuant said large XRP spot orders point to "quiet accumulation" rather than a breakout, while ether’s price below realized value leaves holders underwater and gives it the strongest valuation case among BTC, ETH and XRP.
The memecoin that defined the chain's debut has recovered to an $86 million cap. Tokenized assets, the chain's stated purpose, sit at $27.6 million.
The incident reportedly stemmed from a misconfigured testing environment, adding Meta to a growing list of AI firms whose models have escaped evaluation sandboxes.
The fate of the U.S. Senate's consideration of the Digital Asset Market Clarity Act remains uncertain as the legislative session approaches its summer recess, with limited time for the bill to be addressed before August 7. The bill's progress depends on negotiations over its provisions, including issues related to illicit finance, agriculture, and ethics, as well as broader Senate priorities such as government funding and sanctions bills. If the Senate does not act before leaving town, the bill could be revisited in September, though the short remaining session may pose challenges for passage. The Senate may also extend its current session to continue deliberations, contingent on procedural votes, but if the cloture attempt fails, the bill likely won't progress until after the election, with outcomes depending on the congressional majority.
Mysten Labs’ co-founder Sam Blackshear said he is joining Anthropic as AI shifts the balance between attackers and defenders.
“There’s a lot of chaos right now in the ecosystem. We absolutely understand that many people are being bombarded with security issues right now,” said Bitcoin developer Calle.
Binance alleged RedotPay poached customers from the crypto exchange in a lawsuit filed in Hong Kong.
The lawmaker reportedly sent a letter to the Commerce Secretary demanding answers about the administration’s treatment of the UAE following investments in the Trump family’s crypto company.
US lawmakers have only a few days to hold a vote on a crypto market structure bill before a recess begins that could push consideration into the 2026 election season or beyond.
The undisclosed investment will support the development of Tokenet, a digital asset lending platform, as institutional demand for crypto infrastructure continues to grow.\n
The leading industry PAC, Fairshake, put $2 million into a Detroit Democratic primary but came up short, even as several PAC-backed candidates won elsewhere.
A Midwest Democratic primary that raised accusations of payback from the cryptocurrency industry ended with the unseating of two-term incumbent Shri Thanedar.
The remittance giant is rolling out Stablecard across 37 markets, targeting cross-border payments and consumers seeking US dollar-denominated savings in volatile economies.\n
Cantor sees positive read-through for crypto custody providers, while FRNT says the breach could drive some investors toward bitcoin ETFs.
In a follow-up to his essay on sizing crypto risk, Lionsoul Global's Gregory Mall backtests bitcoin in a 60/40 across bull, bear and sideways regimes, showing how a straight bitcoin position, a large-cap basket and a trend-managed sleeve part ways and why the way you hold bitcoin can matter as much as how much you hold.