Hackers have also been exploiting the codebases of defunct decentralized finance protocols, draining millions of dollars in customer funds. Blockchain security experts are urging crypto protocols to reaudit their smart contracts as AI tooling is making it easier for hackers to identify vulnerabilities more quickly than ever before.  “Our data argues for continuous review rather...Continue Reading

Senator Ron Wyden has called on Senate leaders to ensure the Blockchain Regulatory Certainty Act remains in the CLARITY Act when it is brought to the floor. US Democratic Senator Ron Wyden has urged Senate leaders to ensure that crypto developer protections stay in the crypto market structure legislation that lawmakers are looking to pass...Continue Reading

Ongoing strong demand for AI infrastructure “would likely sustain upward pressure on prices for technology products and electricity,” Federal Reserve policymakers said. Federal Reserve officials were split last month on whether to increase interest rates or keep them steady, with many seeing accelerating demand for artificial intelligence as a driver of inflation, according to meeting...Continue Reading

Zapper provided crypto market data to over 2 million monthly active users and oversaw more than $13 billion in processed transactions during its peak. Decentralized finance (DeFi) analytics platform Zapper announced it will shut down next month, becoming the latest crypto platform to fold amid a market downturn. In a post to X on Wednesday,...Continue Reading

Crypto venture firm Paradigm is widening its investment gaze toward AI and other frontier industries with its latest fund. Paradigm has raised $1.2 billion for its fourth fund, which will expand the crypto venture capital firm’s investments into artificial intelligence and related technologies. The company said on Wednesday that its latest fund will invest “first...Continue Reading

The size and scope of the US stock market “gives policymakers a strong incentive to backstop major drawdowns,” said Bitget Wallet COO, Alvin Kan. Crypto markets could benefit from increased liquidity if the US central bank steps in to support the $75 trillion equity market in a bear market, as it is “too big and...Continue Reading

Bitcoin faces renewed sell pressure amid an oil price surge, Japan economic contagion risks and a fresh round of selling from Strategy. Key takeaways: Bitcoin traded down 3.5% on Wednesday as new developments in the US-Iran war pushed oil prices higher and Japan’s bond markets faced renewed stress. That combination triggered broader de-risking across markets....Continue Reading