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In brief Multiverse Computing’s team published a method called Quantization-Aware Healing on the Hugging Face blog on August 25. They shrank OpenAI’s open GPT-OSS model from 120 billion parameters to 60 billion and compressed its memory to 4-bit—and the small version beat the full-quality model it was copied from on 7 of 9 tests. The trick: teach the shrunken model from the original smart version, not the weak halfway copy. >>>> gd2md-html alert: inline image link in generated source and store images to your server. NOTE: Images in exported zip file from Google Docs may not appear in the same…
Bitcoin is no longer oversold but there’s still time to buy, according to Fairlead Strategies’ Katie Stockton. Speaking on Tuesday to CNBC, the financial research firm’s managing partner said that Bitcoin cleared its 200-day moving average back in May, meaning that a potential breakout could be coming. Bitcoin started rallying last week on news that the Treasury would at least double the size of its liquidity-support buyback operations. It’s up over 22% over a seven-day period, and was recently trading for $78,915. The coin traded above $81,000 on Monday. JUST IN: Fairlead Strategies founder tells CNBC Bitcoin is “not over…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure NUVA has integrated Chainlink data feeds to support pricing infrastructure for real estate-backed DeFi and tokenized asset products. The integration, announced on August 24, is designed to provide decentralized pricing data for tokenized real estate assets. That can help users trade fractional real estate exposure with on-chain oracle verification. This is a technical infrastructure integration. It does not mean real estate tokenization has achieved broad retail adoption. It means a platform building in the RWA category is adding Chainlink data infrastructure to support its product design. TL;DR…
In brief Gold climbed toward $4,700 an ounce Tuesday, reaching its highest level since mid-May. Bitcoin crossed $80,000 for the first time in three months as the dollar weakened. Gold-backed ETFs recorded $3 billion in net inflows in July after two consecutive months of outflows. Gold climbed to a three-month high Tuesday, extending its August rally as a weaker dollar and falling Treasury yields boosted demand for the precious metal.Spot gold reached $4,696.18 an ounce, its highest level since May 14, before pulling back. Bitcoin rallied alongside gold, climbing above $80,000 for the first time since mid-May and reaching $81,237…
An online bill payment service is agreeing to pay $2.1 million to settle federal allegations that it used misleading advertisements impersonating billers and charged deceptive fees. The Federal Trade Commission (FTC) says that Doxo deceived consumers through search ads that impersonated official billers for utilities and loans while adding hidden delivery fees and enrolling users in subscriptions without clear consent. The 2024 complaint detailed how the firm often displayed unrelated company logos on its site despite lacking partnerships with most of them. A federal court previously ruled the company violated the Restore Online Shoppers’ Confidence Act by failing to disclose…
The Human Rights Foundation has announced support for more projects around the globe, this time giving over 600 million satoshis — worth $472,807 at today’s prices — in grants to 16 projects based in Africa, Asia, and Latin America. Coming from the HRF’s Bitcoin Development Fund, the grants will help projects that want to strengthen the Bitcoin protocol, expand practical Bitcoin access and facilitate secure messaging and community infrastructure for dissidents, among other things, according to the NGO. The grants are the second round of funding to come in 2026, after the NGO announced it had supported 26 projects in…
In brief A federal jury has convicted Japheth Dillman of wire fraud and conspiracy over the collapse of crypto fund Block Bits Capital. He told investors the fund’s automated trading software was complete and working when he knew it was not. He and a co-conspirator used the money to pay themselves and make speculative bets that lost heavily. A federal jury in San Francisco has convicted the founder of a cryptocurrency trading fund of wire fraud and conspiracy, after prosecutors showed he sold investors on trading software he knew did not work, the Justice Department said on Monday.Japheth Dillman, 48,…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure BNB Smart Chain is preparing to activate its Pasteur hard fork on mainnet on August 25 at 02:30 UTC. The upgrade introduces several network changes, including BEP-682 for bridge verification, BEP-695 for validator governance, and BEP-675 for block processing capacity. Node operators are required to update their software client to version 1.7.7 and remove the EnableBAL setting. The timing matters. At the time of the source materials, the upgrade was scheduled but not yet completed. It should not be described as already live until the activation has…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TAC, a Cosmos-based EVM sidechain connected to the TON ecosystem, has halted block production after a supply-related exploit. The incident occurred on August 22, according to public incident materials. TAC connects Ethereum-based applications with the TON network, but the exploit affected the TAC sidechain and its token supply, not the main TON blockchain. That distinction is critical. The TON mainnet should not be described as halted or compromised based on this incident. The affected network is TAC, an EVM sidechain connected to TON. TL;DR TAC halted block…
A cryptocurrency treasury company is adding more than a thousand Bitcoin (BTC) to its holdings in a single week, pushing its total past 21,000 coins. Strive (ASST) purchased 1,110 Bitcoin between August 17th and August 21st at an average price of approximately $73,409 each, inclusive of fees and expenses. The company’s total Bitcoin holdings increased to 21,356 coins, up from 20,246 the prior week. The total cost came to roughly $81.5 million. Strive says in its regulatory filing that cash and cash equivalents rose to $171.9 million while fair value of other holdings also increased slightly. The Bitcoin acquisition aligns…
The United States is threatening to eject Iran’s trading partners from the dollar system while widening its power to sanction the country’s crypto sector, escalating a financial campaign that is already testing Washington’s leverage over China.On Aug. 24, Treasury Secretary Scott Bessent launched “Operation Economic Outcast,” imposing sanctions on nearly 60 individuals, entities and vessels and opening five Iranian sectors to broader sanctions: digital assets, technology, gold, aviation and shipping.Treasury said the campaign would expand secondary sanctions exposure for foreign businesses that continue dealing with Tehran. He stated:“In the Second World War, D-Day marked the historic beginning of a campaign…
In brief Security firm Socket has linked 77 Firefox extension identities to a campaign it calls the Offside Wallet Theft Factory, confirming 40 as malicious. They impersonate OKX, Rabby Wallet and TronLink, capturing recovery phrases through fake wallet interfaces or modified versions of real wallet code. Nine were published as sports-score apps before later versions replaced that function with wallet-stealing code. Firefox users have been targeted by a production line of counterfeit crypto wallet extensions, some of which spent months publishing live football scores before being quietly converted into tools for stealing recovery phrases.Socket’s threat research team published its findings…
In brief Grayscale’s Zcash fund began trading Tuesday on NYSE Arca under the ticker ZCSH. The product began as a private placement in October 2017. Its listing follows the disclosure and patching of a critical vulnerability in Zcash’s shielded transaction system. Grayscale’s Zcash Exchange Traded Fund, better known as an ETF, began trading Tuesday on NYSE Arca, listing a nine-year-old investment product months after developers disclosed and patched a critical vulnerability in the privacy coin’s shielded transaction system.Trading under the ticker ZCSH, the world’s first exchange-traded product offering spot Zcash exposure allows investors to track the price of ZEC through…