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In brief Hyperscale Data sold most of its Bitcoin holdings to support the expansion of its Michigan data center. The company sold about 685 Bitcoin for roughly $43 million. Hyperscale retained about 275 Bitcoin and plans to continue mining the cryptocurrency. Hyperscale Data has sold most of its Bitcoin holdings to help finance the expansion of its Michigan data center.In an announcement on Friday, the Las Vegas-based company, which trades on the NYSE American under the ticker GPUS, said it sold approximately 685 Bitcoin for about $43 million.Myriad: Bitcoin’s next move? Click to make your prediction.Hyperscale said it plans to…

In brief Bank Leumi, Israel’s largest bank, will let customers trade Bitcoin, Ethereum, and Solana inside Leumi Trade through Galaxy’s trading and custody rails. It’s Bank Leumi’s second attempt at crypto trading, after a failed run back in 2022. The target is early 2027, still subject to Bank of Israel approval—the same gate that killed Leumi’s 2022 Paxos plan. Bank Leumi and Galaxy Digital said Thursday they’ll bring cryptocurrency trading to Israel’s largest bank through its digital investment arm, Pepper.“Customers of Leumi and PEPPER, the bank’s mobile digital banking arm, will be able to buy, hold and sell selected digital…

Ethereum researcher Justin Drake said on Aug. 13 that the Ethereum Foundation is abandoning Poseidon for future layer-1 (L1) designs and pivoting toward SHA or BLAKE hashes after eight years of work on specialized, proof-friendly cryptography.Drake reported no break in Poseidon and issued no migration order, noting that recent gains in proof systems changed the performance tradeoff that had favored the hash.SNARKs produce compact proofs that a computation was performed correctly. Many use arithmetic over large prime fields, where the bitwise operations behind conventional hashes such as SHA-256 and Keccak historically imposed a high proving cost. Poseidon was designed to…

In brief SharpLink will stake $200 million of Ether through Lido’s liquid-staking protocol. The move is about 106,000 ETH, roughly 12% of the ~889,000 ETH SharpLink held as of early August. wstETH sits across more than 100 protocols with about $10 billion in active-use collateral, so SharpLink keeps earning yield while staying liquid. Miami-based digital asset treasury company SharpLink said Thursday it will stake $200 million of Ethereum through Lido, the largest liquid-staking protocol on Ethereum.The tokens arrive as wrapped staked ETH (wstETH)—a receipt token representing staked ETH plus its rewards—and Anchorage Digital will hold them in custody.Myriad: Ethereum next…

In brief Zhipu AI (now Z.ai) released GLM-5.3 on Thursday through its GLM Coding Plan and ZCode. The lab calls it the “most capable open-weights model for coding,”. GLM-5.3 is a 743-billion-parameter model built by scaling post-training on the GLM-5.2 base. Chinese AI lab Z.ai released GLM-5.3 on Thursday, a sizable coding model it’s pitching as the strongest open-weights coder on the market. The model is live now through the GLM Coding Plan subscription and ZCode, with API access and downloadable weights following after a safety review.”Scaling post-training is all we did for GLM-5.3,” the company wrote in its launch…

In brief A reported breach of France’s tax authority exposed data tied to 678,437 people and businesses. The records allegedly include income figures, addresses, tax identifiers, and family information. The data could help criminals craft targeted scams against wealthy taxpayers and Bitcoin holders. A hacker is selling a trove of French tax records that could expose more than 678,000 people and businesses, including Bitcoin holders, to phishing, identity theft, and targeted attacks.According to a report by French cybersecurity outlet FrenchBreaches, a hacker is selling records allegedly stolen from France’s tax authority, the DGFiP, during a June breach for several thousand…

Bitcoiners have been warned after France’s tax administration confirmed that hackers breached its information system, exposing sensitive financial and personal data belonging to hundreds of thousands of taxpayers and businesses. Writing on X on Friday, Bitcoin developer Jameson Lopp said the leak was “more bad news for Bitcoiners living in the leading country for wrench attacks.” Lopp has created a tracker counting wrench attacks — when physical violence is used to steal crypto — across the world. A large amount happens in France, where data has been leaked before.  More bad news for Bitcoiners living in the leading country for…

In brief OpenAI employees told Wired that pressure to release models and products has made it difficult to prioritize safety, security, and alignment. A former employee called the breach the largest safety incident in OpenAI’s history. OpenAI has slowed research, reassigned teams, and spent millions investigating the failure. OpenAI’s rush to release new models and products contributed to conditions that allowed its AI agents to escape internal testing environments and hack Hugging Face earlier this year.Multiple current and former employees told Wired that competitive pressure has made it difficult for staff to devote enough attention to safety, security, and alignment—the…

Bitcoin treasury Strategy has said it “doesn’t need” Morgan Stanley Capital International after the index provider said it could remove the Bitcoin company from its Global Investable Market Indexes. MSCI said in a consultation that it was consulting on a plan to define “Non-Operating Companies” and make them ineligible for its Global Investable Market Indexes (GIMI). The removal of such companies would exclude companies like Strategy from indexes visible to a large pool of institutional investors. MSCI said it was weighing up the decision as Strategy is primarily known for holding a large amount of Bitcoin rather than running a…

Norway’s enormous sovereign wealth fund, Norges Bank Investment Management, has taken a substantial position in SpaceX, the leading private space firm founded by Elon Musk. The Nowergian sovereign wealth fund disclosed that it owns roughly 7.3 million Class A shares in SpaceX, representing a 0.05 percent stake valued at $1.22 billion as of June 30th, reports The Globe and Mail. Norges Bank Investment Management revealed the position in an updated holdings list released this week alongside results showing a record first-half profit of $184 billion driven largely by technology investments. SpaceX shares surged after the company’s major IPO in late…

In brief Singapore’s police force and cyber security agency put losses from a scam using fake job offers and compromised software systems at $11.8 million. They describe a case in which a victim was approached by a bogus recruiter for a crypto firm and steered into a coding assessment run on a company laptop. The malware harvested a session token, which was used to bypass multi-factor authentication and open the victim’s Bitbucket account. Scammers posing as recruiters for cryptocurrency companies have taken $11.8 million (S$15.1 million), using fake job offers to compromise their targets’ employers, according to a joint advisory…

Officials in Baltimore, Maryland have filed lawsuits against two major prediction market platforms. The complaints target Kalshi and Polymarket for offering sports-related event contracts without required state licenses, reports CBS News. City leaders allege the platforms compete directly with licensed sportsbooks while evading taxes, oversight, and consumer protections mandated under Maryland law. Says the Mayor of Baltimore, Brandon Scott, “These companies are running sportsbooks without licenses and betting that a new label will put them above the law. It won’t. Baltimore will not let multibillion-dollar companies put profits over people and harm our communities through illegal gambling.” The suits claim…

In July 2025, House Republicans staged a coordinated three-bill blitz they called ‘Crypto Week;, advancing the GENIUS, CLARITY, and the Anti-CBDC Surveillance State Act in the same five day stretch. The GENIUS Act was signed into law within 24 hours, creating a regulatory framework for dollar-backed stablecoins. However, the other two bills weren’t so lucky. The Anti-CBDC Surveillance State passed the House by an extremely narrow margin, and got stuck in Senate purgatory without a floor vote in place for over a year. Following the House’s bipartisan passage of the CLARITY Act, the bill landed in the Senate Banking Committee…