News Heat Trend
Project Overview
Decrypt is a Web3 media incubated inside ConsenSys Mesh from 2018 to 2022. In April 2022, it raised $10 million in funding and spun out. Its products include decentralized media PubDAO and NFT solution provider Decrypt Studios. Decrypt is laying the foundation for a new approach to media, leveraging Web3 applications to create a better future for everyone.
Charms raises $1.5 million in pre-seed funding, with participation from Coinbase Ventures and others
AI character economy platform Charms Interactive has announced the completion of a $1.5 million pre-seed funding round, with participation from Lattice, JME, Coinbase Ventures (Base Ecosystem Fund), Gidorah (Echo), and others. Charms has simultaneously launched its product, Charms.ai, aiming to upgrade "AI characters" from application features to tradable, ownable, and sustainable on-chain economic assets. (Decrypt)
Australia Launches Special Regulatory Campaign Targeting the Cryptocurrency Industry; AUSTRAC Focuses on OTC Traders and Local Trading Platforms
According to Decrypt, Australia’s financial intelligence agency AUSTRAC has launched two targeted regulatory initiatives against the virtual asset industry, focusing on anti-money laundering (AML) and counter-terrorism financing (CTF) risk management practices of relevant businesses. These initiatives cover 36 cryptocurrency-to-fiat over-the-counter (OTC) trading operators and 27 domestic cryptocurrency exchanges. Australia’s new regulations have expanded oversight from traditional cryptocurrency exchanges to Virtual Asset Service Providers (VASPs), including custodial and brokerage services. The Travel Rule for virtual asset transfers will become mandatory on July 1.
Analysis: Strategy’s Bitcoin Purchases Plunge 91%, Possibly Linked to STRC Cooling Off
According to Decrypt, Bitcoin treasury company Strategy purchased only 3,273 BTC last week—down approximately 91% from the previous week’s acquisition of 34,164 BTC for $2.54 billion. Analysts attribute this slowdown in buying pace to cooling market sentiment surrounding Strategy’s perpetual preferred shares (STRC). STRC had previously driven Strategy to execute its largest BTC purchase in nearly 16 months, fueled by an 11.5% monthly dividend. However, since the ex-dividend date on April 14, STRC’s price has persistently traded below its $100 target range, prompting Strategy to issue 1.4 million common shares for fundraising last week. Notably, Michael Saylor has announced plans to adjust STRC’s dividend distribution frequency to biweekly, aiming to mitigate cyclical fluctuations in the company’s BTC acquisition rhythm.
AI Quantitative Platform AlphaNet Completes $10 Million Seed Round Funding, Led by Joffre Capital
Odaily News Institutional-grade quantitative AI trading platform AlphaNet announced the completion of a $10 million seed round funding. The round was led by private equity firm Joffre Capital, with participation from Huashan Capital and an Asian quantitative trading consortium. This funding will support its transition from an invitation-only whitelist model to a public platform launch. It is reported that AlphaNet was incubated by Asian proprietary trading firm Tensor Investment and is positioned as an institutional-grade "systematic alpha" trading platform, aiming to provide retail users with trading capabilities previously accessible only to institutions. (Decrypt)
Enhanced Labs closes $1M pre-seed round led by Maximum Frequency Ventures
According to Decrypt, Enhanced Labs Inc., an on-chain structured yield protocol, has announced the completion of a $1 million strategic pre-seed funding round, led by Maximum Frequency Ventures, with participation from GSR, Selini, Flowdesk, and several angel investors. The funds raised will be used for product development and operational infrastructure. Enhanced’s product strategy centers on three key directions: optimizing auction mechanisms to enhance yield competitiveness; extending options-based yield strategies to a broader range of on-chain assets—including tokenized real-world assets (RWAs); and simplifying complex strategies into goal-oriented user experiences that allow users to directly define desired outcomes such as yield targets, hedging objectives, or structured exposures. Enhanced positions itself at the intersection of the on-chain yield and options narratives—a sector currently experiencing an unusually active cycle in DeFi options since 2024.
UK Labour Party Accuses Reform UK Leader Nigel Farage of Avoiding Scrutiny Over Tether Billionaire's Donation
The UK Labour Party has formally written to Nigel Farage, leader of Reform UK, accusing him of "avoiding legitimate scrutiny" regarding a £5 million (approximately $6.7 million) donation from Tether shareholder and billionaire Christopher Harborne in 2024.Harborne holds approximately 12% of Tether shares and is worth around $24.4 billion. Labour Party Chair Anna Turley stated that Farage should provide a clear public explanation to the public about the use of these funds and related circumstances, rather than continuing to evade questions from the media and regulatory bodies.Currently, the UK Parliamentary Commissioner for Standards has launched a formal investigation into the matter to assess whether the funds were used for political activities. UK Prime Minister Keir Starmer has also publicly questioned why Farage has kept this donation hidden for an extended period.Data shows that Harborne has donated a total of approximately £12 million ($16 million) to Reform UK, including the largest single personal political donation in modern UK political history. Additionally, BitMEX co-founder Ben Delo donated £4 million to the party in the first quarter of 2026, making Reform UK one of the most well-funded political parties in the UK. (Decrypt)
Bessent: US Strategic Bitcoin Reserve Plan Progressing Steadily
U.S. Treasury Secretary Bessent stated at a Senate Finance Committee hearing that the Treasury Department is advancing President Trump's executive order to establish a strategic Bitcoin reserve with "deliberate speed," emphasizing the adoption of "best practices" to ensure the long-term sustainability of the mechanism. Bessent noted that the strategic Bitcoin reserve is a new frontier and its implementation is relatively complex, so the government is carefully developing the custody and management framework. Currently, the U.S. government holds approximately 328,400 Bitcoins, valued at around $20.6 billion, primarily obtained from criminal and civil asset forfeitures.Additionally, Bessent called on Congress to advance the digital asset market structure bill, the CLARITY Act, which he believes is crucial for maintaining the U.S.'s leading position in digital asset innovation. The bill aims to clarify the regulatory framework for digital assets and define when crypto tokens fall under securities or commodity regulations. Relevant legislation has now entered the Senate review process. (Decrypt)
Former Ukrainian Police Officer Suspected of Kidnapping Crypto Entrepreneur and Extorting Over $2.2 Million
According to Decrypt, the Kyiv Regional Prosecutor’s Office in Ukraine has completed a pre-trial investigation into a criminal gang led by two former police colonels and comprising four other former police officers and one civilian with a criminal record. Using their law enforcement skills and official resources, the suspects posed as police officers to stalk, kidnap, and threaten at least four cryptocurrency entrepreneurs with firearms, forcing victims to sign forged debt documents and extorting approximately $2.2 million in total. One victim was coerced into signing a fake “debt agreement” for $5 million. The gang was arrested in November 2025, and the case has been referred to court.
Former Ukrainian Police Officer Suspected of Kidnapping Crypto Entrepreneur for Over $2.2 Million Ransom
the Kyiv Regional Prosecutor's Office in Ukraine stated it has completed a pre-trial investigation into a criminal group, which includes four former police officers and a civilian with a criminal record, suspected of kidnapping a crypto entrepreneur and extorting over $2.2 million through violence, intimidation, and false debt claims.The prosecutors allege that the individuals involved targeted at least four victims, using law enforcement skills, official vehicles, and police identity disguises to commit the crimes, forcing victims to hand over funds and sign documents for non-existent debts. In one case, a victim from Kyiv was abducted at gunpoint and forced to sign documents for a false debt of $5 million. The prosecutors charged the suspects with forming and participating in an armed gang, kidnapping, illegal detention, robbery, extortion, and illegal possession of drugs. The group's activities were halted in November 2025, all involved individuals have been dismissed from the police force, and the case materials have been submitted to the court. (Decrypt)
Crypto Industry Pushes Back Against Warren’s Allegations, Backs OCC’s Granting of Bank Charters to Stablecoin Firms
According to Decrypt, the Digital Chamber sent a letter to Jonathan Gould, Comptroller of the Currency at the U.S. Office of the Comptroller of the Currency (OCC), on May 26, urging him to uphold the OCC’s decision to grant national trust bank charters to cryptocurrency firms including Coinbase, Ripple, and Circle. Earlier, Senator Elizabeth Warren had accused the approval of these charters of violating the National Bank Act and posing a threat to the safety of the U.S. banking system. In response, the Digital Chamber argued that Congress has effectively authorized the OCC to extend bank charters to stablecoin-related activities through the GENIUS Act, and that the approved companies do not accept FDIC-insured deposits—meaning their operations do not constitute traditional banking activities.
Missouri Sues Bitcoin ATM Operator CoinFlip for $1.83 Million
According to Decrypt, Missouri Attorney General Catherine Hanaway has filed a lawsuit against Bitcoin ATM operator CoinFlip, accusing it of “knowingly facilitating fraudulent transactions” and seeking a $1.83 million fine as well as a ban on its operations in the state. CoinFlip responded that the lawsuit is “baseless” and urged authorities to instead investigate the actual criminals. Against this backdrop, U.S. states are intensifying regulatory crackdowns on Bitcoin ATMs—particularly targeting scams targeting elderly individuals. FBI data shows that related losses reached $389 million in 2025.
Bernstein: 2026 World Cup Expected to Drive Up to $10 Billion in Trading Volume for Prediction Markets
investment firm Bernstein has released a report indicating that the expanded 48-team 2026 FIFA World Cup, set to take place in North America, is expected to drive up to $10 billion in consumer transaction volume for sports betting and prediction markets, along with over $3 billion in incremental capital.Bernstein analysts pointed out that this World Cup could be a turning point for prediction markets and online sports betting platforms, accelerating the development of platforms like Kalshi and Polymarket. Robinhood is leveraging this opportunity to commercially launch its CFTC-licensed prediction market exchange, Rothera. Institutions such as Binance and Coinbase are also offering World Cup contracts through partnerships. Currently, on the Myriad platform, Spain and France have the highest odds of winning. (Decrypt)
Bitcoin falls below 2024 US Election Day closing price
Odaily Bitcoin continued its decline this week, recently trading at $60,619, approximately 12.6% lower than its closing price of around $69,355 on November 5, 2024, the day of the US election. It briefly dipped below $60,000 for the first time since 2024, falling nearly 52% from its all-time high. After Trump's re-election in 2024, Bitcoin surged above $75,000 and reached approximately $109,000 in January 2025. In October 2025, Bitcoin hit a high of $126,080 before dropping from above $121,000 to $106,000 amid a $19 billion liquidation event in the crypto market. In January 2026, Bitcoin ETFs saw net outflows exceeding $1.5 billion. Michael Saylor's Strategy sold 32 Bitcoins worth approximately $2.5 million at the end of May. Trump recently stated that he would not let the crypto industry down. The GENIUS Act was signed into law last year, while the Clarity Act, which passed a committee vote in May, has yet to complete the legislative process. (Decrypt)
Standard Chartered Reiterates Long-Term Ethereum Price Target of $40,000
According to Decrypt, Standard Chartered analysts stated in a report released on Thursday that Ethereum’s current price does not yet reflect its growing network transaction activity or the rising total value locked (TVL) in decentralized finance (DeFi). The bank reiterated its price targets of $4,000 by year-end and $40,000 by the end of this decade. The institution noted that Ethereum has already established dominance in the stablecoin and tokenized asset sectors and stands to benefit from Wall Street’s ongoing migration toward digital asset infrastructure. The report also indicated that if real-world assets (RWA) grow 50-fold over the coming years, on-chain transaction volume and TVL on Ethereum could continue to reach new highs.
Swan Bitcoin faces nearly $1 billion lawsuit over Prime Trust collapse, accused of using insider information to transfer assets early
: Bitcoin financial services company Swan Bitcoin (along with its operating entity Electric Solidus Inc. named as defendants) is facing a lawsuit filed in the U.S. Bankruptcy Court for the District of Delaware, with claims approaching $1 billion.The lawsuit was filed by PCT Litigation Trust, aiming to recover crypto assets related to the 2023 collapse of Prime Trust. The plaintiff accuses Swan of using "material non-public information" to transfer funds out of Prime Trust before its failure, thereby avoiding significant losses.According to the court filing, Swan had transferred assets including approximately 11,992 Bitcoin (currently valued at around $917 million) out of Prime Trust before it filed for bankruptcy, along with roughly $22.4 million in fiat currency, $5 million in stablecoins, and 91,444 XRP tokens.The plaintiff also alleges that Swan had ties to a senior executive at Prime Trust, who also served as an external consultant for Swan. This individual is suspected of providing Swan with information prior to regulatory meetings, thereby helping the company withdraw its assets early.Swan Bitcoin responded, stating that the relevant assets belong to client trust property and should not be used for bankruptcy liquidation, expressing confidence that the court will ultimately support its position. (Decrypt)
Analysis: Bitcoin oscillates between regulatory tailwinds and rising yields, with continued ETF outflows weighing on prices
According to Odaily, Bitcoin's price is hovering around $80,350, up a slight 0.8% in the short term, facing sustained pressure after multiple failed attempts to break through the $82,000 resistance level. This zone is considered a confluence of resistance from the ETF cost basis, the 200-day moving average, and the CME gap fill area.Although the US CLARITY Act has passed the Senate Banking Committee, bringing positive expectations for crypto regulation, institutional capital continues to withdraw. Data shows that the 7-day average net outflow from US spot Bitcoin ETFs has fallen to -$88 million per day, the largest outflow scale since mid-February. Analysts suggest this selling pressure is more driven by "profit-taking" than panic selling.On the macro front, rising US Treasury yields are a core source of pressure. The yield on the 10-year US Treasury note has climbed to approximately 4.52%, a 10-month high. Meanwhile, the April CPI rose 3.8% year-over-year, the highest level in three years, further pushing back market expectations for a Fed rate cut. Analysts point out that geopolitical conflicts are driving up energy prices, exacerbating inflationary pressures, thereby weakening the appeal of risk assets.From an institutional perspective, some analysts believe the current ETF outflows represent portfolio rebalancing rather than a structural retreat. The options market indicates significant resistance for Bitcoin in the $82,000-$84,000 range, while $77,000 stands as a key support level. If the price breaks below this zone without a cooling of leverage, the market could enter a deleveraging phase, increasing the risk of a correction. (Decrypt)
Dapper Labs Halts New NFT Releases for NFL All Day and Signs New Licensing Agreement with the NFL
According to Decrypt, Dapper Labs has halted new primary NFT minting on its NFL All Day platform, though existing digital collectibles remain available for buying and selling on the platform’s marketplace. Roham Gharegozlou, CEO of Dapper Labs and co-founder of Flow, stated that the company has signed a new licensing agreement with the NFL, and further details will be announced as the new season approaches. Meanwhile, the platform will introduce a “Founding Collector” badge for collectors, along with a 5% Dapper balance rebate for qualifying purchases. Following the announcement, secondary-market trading volume on NFL All Day increased, and collector feedback and sell-off activity rose.
Analysis: AI Will Accelerate Quantum Computing Threats, Crypto Industry May Enter an Era of Persistent Security Arms Race
multiple blockchain and post-quantum cryptography researchers have warned that artificial intelligence (AI) is accelerating the development of quantum computing and could potentially impact the security systems of mainstream blockchains, including Bitcoin and Ethereum, earlier than anticipated.Alex Pruden, CEO of Project Eleven, a firm focused on quantum-resistant infrastructure, stated that the combination of AI and quantum computing is fundamentally reshaping the future security landscape. "People will no longer be able to rely on existing security assumptions as they have in the past," he said.Researchers point out that AI is already being used to optimize quantum error correction, which is one of the key technical bottlenecks in the development of quantum computing. Illia Polosukhin also noted that AI has been accelerating scientific breakthroughs for years, and in the future, there may even be a circular acceleration effect where "AI helps build the next generation of quantum computers."One of the industry's biggest current concerns is the "Harvest Now, Decrypt Later" strategy, where governments or advanced attackers begin mass-collecting encrypted data now, waiting to decrypt it all at once once quantum computing matures. Polosukhin warned that if quantum computers become viable within a few years, "most of today's important data on the internet could be decrypted in the future."Given that most blockchain networks and internet infrastructure currently rely on elliptic curve cryptography (ECC), a sufficiently powerful quantum computer could theoretically derive a private key from a public key, directly breaking wallets and on-chain systems. Simultaneously, AI itself is strengthening hacking capabilities. Pruden stated that AI models are becoming increasingly adept at discovering software vulnerabilities and cryptography implementation flaws, and may even be able to crack some encryption algorithms directly in the future.However, AI is also being used by developers for code auditing, formal verification, and testing post-quantum security systems, creating a "long-term security arms race" with simultaneous upgrades on both the offensive and defensive sides. Researchers believe the most significant change brought by AI and quantum computing together is that the core assumption of "long-term cryptographic reliability" in the digital age is being challenged. Future security systems may shift from "static upgrades" to continuous dynamic evolution. (CoinDesk)
Hackers Inject Malicious Code into Mistral AI Software Package
According to Decrypt, Microsoft’s Threat Intelligence team disclosed that attackers had injected malicious code into Mistral AI packages distributed via the PyPI platform. This malicious code automatically executes when developers use the packages on Linux systems, downloading and running a malicious file named <code>transformers.pyz</code> in the background—the filename deliberately mimics the widely used Hugging Face Transformers library to evade detection. Microsoft noted that the malware primarily steals developers’ login credentials and access tokens. It avoids execution on Russian-language systems and includes logic that can randomly delete files on devices located in Israel or Iran. This attack is linked to the “Shai-Hulud” supply-chain campaign launched in September. In response, Mistral stated that its investigation found the attack originated from compromised developer devices, and its corporate infrastructure was not breached.
Crypto Whale Sues Coinbase for Refusing to Return $55 Million in Stolen Funds
According to Decrypt, an anonymous cryptocurrency whale filed a lawsuit against Coinbase this week in the U.S. District Court for the Northern District of California, accusing the exchange of refusing to return over $55 million worth of DAI stablecoins stolen in a phishing attack in 2024. The plaintiff claims to have engaged multiple on-chain investigation firms to trace the funds, ultimately identifying that the stolen assets flowed into a Coinbase account. Coinbase confirmed in December 2024 that it had frozen the relevant assets but refused to return them, citing the need for a court order. As of today—more than a year and a half after the incident—the victim has still not recovered the assets and has therefore turned to litigation. The attack was carried out by hackers using the “Inferno Drainer” tool to spoof the DeFi Saver login page; after the victim inadvertently interacted with the fake page, their wallet was fully compromised by the attackers.
U.S. Lawmakers Propose AI Surveillance Bill: Federal Agencies Must Obtain Judicial Warrants to Access Data
According to Decrypt, U.S. Representatives Thomas Massie and Lauren Boebert jointly introduced the AI surveillance bill titled the “Surveillance Accountability Act,” which would require U.S. federal agencies to obtain a judicial warrant before using artificial intelligence for data analysis and surveillance. The bill aims to close a loophole in the “third-party doctrine”—a legal framework originating from 1970s court rulings that permits the U.S. government to access users’ data held by third-party platforms (e.g., banks and telecommunications providers) without a warrant. The bill’s sponsors argue that, in the internet and AI era, this doctrine has been excessively expanded, thereby weakening protections for citizens’ privacy.
OpenAI CEO Accuses Anthropic of “Fear-Based Marketing” with Claude Mythos
According to Decrypt, OpenAI CEO Sam Altman stated that Anthropic is promoting its AI model Claude Mythos through “fear-based marketing,” using narratives about security risks to justify its limited-open strategy. Claude Mythos has recently drawn attention for its ability to autonomously discover software vulnerabilities and perform complex cybersecurity operations. The report notes that Mozilla previously disclosed that the model identified 271 vulnerabilities in the Firefox browser during testing. Meanwhile, discussions surrounding the model’s potential offensive cybersecurity risks continue to intensify. Altman also emphasized that OpenAI will not scale back its infrastructure investments and will continue expanding its computational capabilities.
Anthropic Claude Mythos Discovers 271 Vulnerabilities in Firefox Browser
According to Decrypt, Mozilla recently revealed that Anthropic’s latest AI model, Claude Mythos, identified 271 security vulnerabilities during internal testing of the Firefox browser; all related vulnerabilities were patched this week. For comparison, a previous Anthropic model had detected only 22 security-sensitive vulnerabilities. Mozilla stated that all discovered vulnerabilities fell within the scope of what top human researchers could identify. Claude Mythos was officially launched in March 2026 and is Anthropic’s most powerful model to date for reasoning, coding, and cybersecurity. It is currently available exclusively to vetted partners—including Amazon, Apple, and Microsoft—under Anthropic’s “Project Glasswing” initiative.
Bernstein: 2026 World Cup Expected to Drive Up to $10 Billion in Trading Volume for Prediction Markets
investment firm Bernstein has released a report indicating that the expanded 48-team 2026 FIFA World Cup, set to take place in North America, is expected to drive up to $10 billion in consumer transaction volume for sports betting and prediction markets, along with over $3 billion in incremental capital.Bernstein analysts pointed out that this World Cup could be a turning point for prediction markets and online sports betting platforms, accelerating the development of platforms like Kalshi and Polymarket. Robinhood is leveraging this opportunity to commercially launch its CFTC-licensed prediction market exchange, Rothera. Institutions such as Binance and Coinbase are also offering World Cup contracts through partnerships. Currently, on the Myriad platform, Spain and France have the highest odds of winning. (Decrypt)
US Republican entrepreneur sells 10 Bitcoin to raise funds for Congressional campaign
Republican fintech entrepreneur Michael Carbonara has sold 10 Bitcoins for $800,000 to fund his Congressional campaign, demonstrating a pro-cryptocurrency stance in this key battleground where the electoral landscape is shifting. Beyond the election, Carbonara believes blockchain can help governments increase transparency in the use of taxpayer funds. (Decrypt)
MoonPay Launches ChatGPT Application, Supports Direct Purchase of Cryptocurrencies like BTC and XRP
crypto payment company MoonPay has announced the launch of a dedicated application for ChatGPT. Users can now directly purchase crypto assets including Bitcoin, XRP, Solana, and USD Coin within OpenAI's ChatGPT.MoonPay stated that users only need to inquire about relevant cryptocurrencies and express a purchase intention within ChatGPT. The system will automatically generate a MoonPay checkout link, after which users can be redirected to the MoonPay page to complete KYC verification and wallet binding. Users who have already completed KYC can make purchases directly using their existing accounts and payment methods.Currently, MoonPay has joined several other crypto-related services within the ChatGPT application ecosystem, including Kraken, OKX, and others. Unlike other applications that primarily provide on-chain data queries, MoonPay focuses more on cryptocurrency purchasing and user education.Additionally, MoonPay recently acquired AI trading startup Dawn Labs, launched Dawn CLI which enables executing prediction market strategies through natural language, and introduced the MoonAgents Card supporting AI Agents to spend stablecoins, continuously intensifying its integration of AI and crypto payments. (Decrypt)
MoonPay Launches Cryptocurrency Purchase App on ChatGPT Apps
payment infrastructure company MoonPay has launched a dedicated application on ChatGPT Apps, allowing users to generate purchase links within OpenAI's chatbot for buying digital assets such as Bitcoin, XRP, Solana, and USDC. When users specify a purchase amount in ChatGPT, they receive a MoonPay checkout link and are redirected to the MoonPay website to complete KYC, checkout procedures, and connect their wallet. Users who have already completed KYC for their MoonPay account can log in directly via their existing account, use their most recent payment method, and send assets to a designated address. This application is part of MoonPay's push to advance AI-driven crypto tools. Earlier this month, MoonPay acquired AI trading startup Dawn Labs and launched Dawn CLI; the company also recently introduced the MoonAgents Card, a virtual Mastercard that allows AI agents to pay online merchants directly with stablecoins from crypto wallets. (Decrypt)
Analysis: AI Will Accelerate Quantum Computing Threats, Crypto Industry May Enter an Era of Persistent Security Arms Race
multiple blockchain and post-quantum cryptography researchers have warned that artificial intelligence (AI) is accelerating the development of quantum computing and could potentially impact the security systems of mainstream blockchains, including Bitcoin and Ethereum, earlier than anticipated.Alex Pruden, CEO of Project Eleven, a firm focused on quantum-resistant infrastructure, stated that the combination of AI and quantum computing is fundamentally reshaping the future security landscape. "People will no longer be able to rely on existing security assumptions as they have in the past," he said.Researchers point out that AI is already being used to optimize quantum error correction, which is one of the key technical bottlenecks in the development of quantum computing. Illia Polosukhin also noted that AI has been accelerating scientific breakthroughs for years, and in the future, there may even be a circular acceleration effect where "AI helps build the next generation of quantum computers."One of the industry's biggest current concerns is the "Harvest Now, Decrypt Later" strategy, where governments or advanced attackers begin mass-collecting encrypted data now, waiting to decrypt it all at once once quantum computing matures. Polosukhin warned that if quantum computers become viable within a few years, "most of today's important data on the internet could be decrypted in the future."Given that most blockchain networks and internet infrastructure currently rely on elliptic curve cryptography (ECC), a sufficiently powerful quantum computer could theoretically derive a private key from a public key, directly breaking wallets and on-chain systems. Simultaneously, AI itself is strengthening hacking capabilities. Pruden stated that AI models are becoming increasingly adept at discovering software vulnerabilities and cryptography implementation flaws, and may even be able to crack some encryption algorithms directly in the future.However, AI is also being used by developers for code auditing, formal verification, and testing post-quantum security systems, creating a "long-term security arms race" with simultaneous upgrades on both the offensive and defensive sides. Researchers believe the most significant change brought by AI and quantum computing together is that the core assumption of "long-term cryptographic reliability" in the digital age is being challenged. Future security systems may shift from "static upgrades" to continuous dynamic evolution. (CoinDesk)
Swan Bitcoin faces nearly $1 billion lawsuit over Prime Trust collapse, accused of using insider information to transfer assets early
: Bitcoin financial services company Swan Bitcoin (along with its operating entity Electric Solidus Inc. named as defendants) is facing a lawsuit filed in the U.S. Bankruptcy Court for the District of Delaware, with claims approaching $1 billion.The lawsuit was filed by PCT Litigation Trust, aiming to recover crypto assets related to the 2023 collapse of Prime Trust. The plaintiff accuses Swan of using "material non-public information" to transfer funds out of Prime Trust before its failure, thereby avoiding significant losses.According to the court filing, Swan had transferred assets including approximately 11,992 Bitcoin (currently valued at around $917 million) out of Prime Trust before it filed for bankruptcy, along with roughly $22.4 million in fiat currency, $5 million in stablecoins, and 91,444 XRP tokens.The plaintiff also alleges that Swan had ties to a senior executive at Prime Trust, who also served as an external consultant for Swan. This individual is suspected of providing Swan with information prior to regulatory meetings, thereby helping the company withdraw its assets early.Swan Bitcoin responded, stating that the relevant assets belong to client trust property and should not be used for bankruptcy liquidation, expressing confidence that the court will ultimately support its position. (Decrypt)
Related news
"Tokenized Pokémon Card" Trading Surges: Sales on Solana and Other Chains Reach $230 Million in May
the trading volume of tokenized Pokémon cards on crypto platforms is growing rapidly. Driven by "gacha" mechanisms, physical cards are mapped as NFTs or digital certificates, creating a "box-opening/card-pulling" trading experience. According to data disclosed by Messari, seven blockchains including Solana, Polygon, Base, and BNB recorded approximately $230 million in trading volume in May, an increase of about 10 times compared to a year ago. Additionally, the global trading card market size reached $15.8 billion in 2024 and is expected to grow to $23.5 billion by 2030. Meanwhile, the total market cap of NFTs currently stands at around $2.4 billion, indicating that on-chain collectibles are still in the early stages of penetration. (Decrypt)
Bernstein: 2026 World Cup Expected to Drive Up to $10 Billion in Trading Volume for Prediction Markets
investment firm Bernstein has released a report indicating that the expanded 48-team 2026 FIFA World Cup, set to take place in North America, is expected to drive up to $10 billion in consumer transaction volume for sports betting and prediction markets, along with over $3 billion in incremental capital.Bernstein analysts pointed out that this World Cup could be a turning point for prediction markets and online sports betting platforms, accelerating the development of platforms like Kalshi and Polymarket. Robinhood is leveraging this opportunity to commercially launch its CFTC-licensed prediction market exchange, Rothera. Institutions such as Binance and Coinbase are also offering World Cup contracts through partnerships. Currently, on the Myriad platform, Spain and France have the highest odds of winning. (Decrypt)
UK Labour Party Accuses Reform UK Leader Nigel Farage of Avoiding Scrutiny Over Tether Billionaire's Donation
The UK Labour Party has formally written to Nigel Farage, leader of Reform UK, accusing him of "avoiding legitimate scrutiny" regarding a £5 million (approximately $6.7 million) donation from Tether shareholder and billionaire Christopher Harborne in 2024.Harborne holds approximately 12% of Tether shares and is worth around $24.4 billion. Labour Party Chair Anna Turley stated that Farage should provide a clear public explanation to the public about the use of these funds and related circumstances, rather than continuing to evade questions from the media and regulatory bodies.Currently, the UK Parliamentary Commissioner for Standards has launched a formal investigation into the matter to assess whether the funds were used for political activities. UK Prime Minister Keir Starmer has also publicly questioned why Farage has kept this donation hidden for an extended period.Data shows that Harborne has donated a total of approximately £12 million ($16 million) to Reform UK, including the largest single personal political donation in modern UK political history. Additionally, BitMEX co-founder Ben Delo donated £4 million to the party in the first quarter of 2026, making Reform UK one of the most well-funded political parties in the UK. (Decrypt)
Bitcoin falls below 2024 US Election Day closing price
Odaily Bitcoin continued its decline this week, recently trading at $60,619, approximately 12.6% lower than its closing price of around $69,355 on November 5, 2024, the day of the US election. It briefly dipped below $60,000 for the first time since 2024, falling nearly 52% from its all-time high. After Trump's re-election in 2024, Bitcoin surged above $75,000 and reached approximately $109,000 in January 2025. In October 2025, Bitcoin hit a high of $126,080 before dropping from above $121,000 to $106,000 amid a $19 billion liquidation event in the crypto market. In January 2026, Bitcoin ETFs saw net outflows exceeding $1.5 billion. Michael Saylor's Strategy sold 32 Bitcoins worth approximately $2.5 million at the end of May. Trump recently stated that he would not let the crypto industry down. The GENIUS Act was signed into law last year, while the Clarity Act, which passed a committee vote in May, has yet to complete the legislative process. (Decrypt)
Bessent: US Strategic Bitcoin Reserve Plan Progressing Steadily
U.S. Treasury Secretary Bessent stated at a Senate Finance Committee hearing that the Treasury Department is advancing President Trump's executive order to establish a strategic Bitcoin reserve with "deliberate speed," emphasizing the adoption of "best practices" to ensure the long-term sustainability of the mechanism. Bessent noted that the strategic Bitcoin reserve is a new frontier and its implementation is relatively complex, so the government is carefully developing the custody and management framework. Currently, the U.S. government holds approximately 328,400 Bitcoins, valued at around $20.6 billion, primarily obtained from criminal and civil asset forfeitures.Additionally, Bessent called on Congress to advance the digital asset market structure bill, the CLARITY Act, which he believes is crucial for maintaining the U.S.'s leading position in digital asset innovation. The bill aims to clarify the regulatory framework for digital assets and define when crypto tokens fall under securities or commodity regulations. Relevant legislation has now entered the Senate review process. (Decrypt)
US Republican entrepreneur sells 10 Bitcoin to raise funds for Congressional campaign
Republican fintech entrepreneur Michael Carbonara has sold 10 Bitcoins for $800,000 to fund his Congressional campaign, demonstrating a pro-cryptocurrency stance in this key battleground where the electoral landscape is shifting. Beyond the election, Carbonara believes blockchain can help governments increase transparency in the use of taxpayer funds. (Decrypt)