AI-powered summaries of the day's top crypto events
A critical flaw in Coldcard's hardware wallet seed generation has resulted in the theft of over 1,000 BTC, valued at approximately $70 million. Coinkite, the wallet's manufacturer, believes AI was used to exploit the vulnerability, prompting a warning for users to migrate funds. The incident raises concerns about the security of self-custody solutions and may drive investors towards ETFs.
Circle has obtained a New York trust charter, allowing its subsidiary to offer fiduciary and custody services under state banking law. This move is part of Circle's broader strategy to expand its regulatory footprint, following recent federal approval for a national trust bank.
New York State has filed a lawsuit against Kalshi, seeking $36 billion in damages over claims that the platform operates as an illegal gambling business. The case underscores the ongoing legal battles between state regulators and federally regulated prediction markets.
The Bank for International Settlements' Project Agorá has successfully settled $1 million in cross-border payments using tokenized central bank reserves and commercial bank deposits. The trials involved 28 financial institutions and central banks, marking a significant step in the exploration of digital currency applications in international finance.