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05:59
The attack, which began last Thursday, exploited a five-year-old firmware flaw in the hardware wallets, affecting approximately 7,300 addresses. In response, Coldcard maker Coinkite has patched all affected devices, and attacker addresses have been shared with U.S. federal law enforcement. Klippsten noted that while the incident was severe, it is accelerating the adoption of more robust collaborative multisig security solutions, with users moving towards products like Swan Vault to enhance their self-custody practices rather than abandoning them.
05:59
The company's Q2 net loss was more than five times that of the same period last year, with revenue falling from $43.6 million in Q2 2025 to $24.8 million. Despite the poor performance, Bernstein analysts reiterated their "outperform" rating and $32 price target for Cipher, citing its strong execution and noting that new Texas audit rules for data center projects could ultimately benefit existing Bitcoin miners and high-performance computing (HPC) developers like Cipher by curbing speculative development.
05:57
Crude prices rebounded on Wednesday after Yemen's Iran-backed Houthi militants claimed they had struck a Saudi Arabian oil tanker in the Red Sea near Yanbu, a major port for Saudi crude oil exports. This reported strike rattled markets and appeared to sour hopes of a potential ceasefire deal in the Middle East. The rise follows oil prices ending about 6% lower on Tuesday amid hopes of a reopening of the Strait of Hormuz, a vital transit route, and after U.S. President Donald Trump called off a planned attack on Iran earlier in the week in favor of fresh negotiations.
05:43
Glassnode confirms that its comprehensive Bitcoin price cycle tool is currently in its coldest phase since the FTX collapse in late 2022, marking the longest capitulation period.
05:33
A WSJ analysis highlights that despite a significant stock decline since its June IPO, SpaceX's most ambitious plans, including achieving larger payload capacity at lower costs, are dependent on the success of its Starship rockets. The company, led by Elon Musk, cannot afford continued setbacks with Starship, which is intended to succeed the Falcon 9 rockets, to justify its high valuation.
05:27
Barclays and HSBC Holdings said investor concerns about the Federal Reserve being slow to respond to inflation are providing more reasons to buy bonds that can withstand accelerating price increases.
05:21
The studio will open-source its Pirate Nation assets, while an independent foundation will continue supporting the PIRATE token.
05:10
The "500-day rule," popularized by Pantera Capital in 2023, suggests that historically, buying Bitcoin approximately 500 days before a halving and selling approximately 500 days after has yielded significant profits in previous cycles. However, market observers believe that this pattern may no longer hold true in the current cycle due to the launch of US spot Bitcoin ETFs and the increasing influence of institutional investors.

Analysts point out that the daily inflows into spot Bitcoin ETFs (approximately $100 million to $1 billion in 2024 and 2025) have far exceeded the value of new Bitcoin produced daily by miners after the halving (approximately $35 million to $40 million). This makes institutional demand and macroeconomic conditions more influential on the market than the halving itself. Mati Greenspan, founder of Quantum Economics, and Jason Fernandes, co-founder of AdLunam, both stated that changes in the Bitcoin investor base have reduced the rule's relevance. Nevertheless, Vineet Budki, managing partner at Sigma Capital, still believes that
05:07
The athleisure giant, which built its reputation on leggings, encountered the problem with a product launch earlier this year. This development comes as the company seeks a fresh start with its new chief executive, according to a Bloomberg report.
05:05
This move reflects Wall Street banks offloading massive AI infrastructure debt from their balance sheets, instead using the bond market to digest risk and reshape the financing landscape for AI data centers. Previously, several large banks had sought buyers for over $50 billion in construction debt related to Oracle data centers. This $15 billion debt is associated with a data center in Texas funded by Google and leased to Anthropic. It is expected to be split into multiple bond sales, with some potentially refinanced in the leveraged loan market. Since Google's endorsement only takes effect after the data center's completion, investors bear construction risk during the building phase, and the related bonds are expected to receive speculative-grade ratings. The bond market is replacing bank loans as the core financing platform for hyperscale AI infrastructure projects.
05:04
Forgd brings its crypto market-maker leaderboard to DefiLlama, with ratings based on data from over 500 token projects and 35 market-making firms, and not solely reflecting trading performance.

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