Author: James Wilson

Michael Saylor said ChatGPT helped him design the preferred stock financing model that enabled Strategy to raise about $15 billion for its Bitcoin-focused balance sheet. Summary Saylor credited ChatGPT with helping develop Strategy’s preferred stock financing structure. Strategy raised about $15 billion through the securities and related capital-market activity. The company reported holding 842,138 BTC as of Aug. 2 after selling 1,638 BTC. Saylor said workers should use AI to extend their abilities rather than compete with automation. ChatGPT helped shape Strategy’s financing plan Strategy Executive Chairman Michael Saylor said he used ChatGPT to explore and develop a preferred stock…

MetaMask has launched Agent Wallet, a self-custodial product that lets AI agents execute on-chain transactions while operating within limits set by users. Summary Agent Wallet supports autonomous transactions across EVM-compatible networks and Hyperliquid. Users can impose spending caps, protocol restrictions, and risk settings before an agent begins operating. Eligible transactions receive up to $10,000 in monthly Transaction Protection, subject to MetaMask’s terms. The wallet supports AI development tools including Claude Code, Codex, Cursor and OpenClaw. MetaMask Agent Wallet gives AI agents controlled access MetaMask announced the wider launch of Agent Wallet on Thursday after introducing the product to roughly 200…

MyTrade founder Liu Zhou was fined $10,000 after admitting that his crypto market-making platform used bots to conduct wash trades for dozens of tokens. Summary Liu Zhou pleaded guilty to conspiracy to commit market manipulation and wire fraud. MyTrade bots generated millions of dollars in daily wash trades for about 60 cryptocurrencies. An FBI operation used the NexFundAI token to expose MyTrade’s market-manipulation services. MyTrade has shut down its wash-trading bots and acknowledged that its “Volume Support” service was illegal. MyTrade founder receives $10,000 fine A federal court in Boston ordered Liu Zhou, the founder and primary operator of crypto…

Disclosure: CoinCodeCap has an affiliate relationship with Kalshi. If you open an account through a link on this page we may earn a commission, at no extra cost to you. It does not influence our rating, which is calculated from the weighted criteria published in full below. Risk warning: Perpetual futures are leveraged products. A small adverse move can liquidate your entire margin. Event contracts can settle at zero. Nothing here is investment advice, and past volume or performance says nothing about future results. For most of its life Kalshi was a niche curiosity: a federally regulated exchange where you…

OpenAI has acquired patent assets from AI chip startup Rain AI after earlier negotiations to buy the company ended without an agreement, according to The Information. Summary OpenAI acquired some Rain AI patents, but the financial terms and number of assets were not disclosed. Earlier negotiations for a complete takeover failed to produce a deal, leaving Rain AI close to shutting down. Rain AI developed energy-efficient chips for AI workloads and previously secured backing from Sam Altman. The transaction expands OpenAI’s hardware assets as advanced computing capacity becomes a strategic priority. OpenAI buys Rain AI patents after failed takeover OpenAI…

Ethereum price moved back above $1,900 on Aug. 6 as renewed spot demand and short liquidations helped buyers defend the latest recovery. Summary Ethereum price was trading near $1,908 on Thursday after reaching an intraday high of $1,920. The daily chart places the next major resistance at $1,965, followed by $2,000. 4-hour Supertrend support has risen to $1,842, keeping the short-term structure bullish. Liquidation clusters near $1,925–$1,950 could accelerate a breakout or trigger another rejection. Ethereum price holds above $1,900 According to data from crypto.news, Ethereum (ETH) price was trading at approximately $1,908 at the time of writing, having recovered…

Hong Kong police have received 255 reports linked to the alleged Fun Coffee cryptocurrency investment scam, pushing total reported losses to about HK$104 million as investigators continue making arrests and expanding the probe. Summary Hong Kong police have received 255 reports linked to the Fun Coffee crypto investment scam with losses reaching HK$104 million. Authorities say the platform promised annual returns of up to 278% through USDT based investment plans before withdrawals stopped. Six people have been arrested in Hong Kong while Macau police detained two suspects in a related investigation. Police are contacting victims and people linked to Fun…

An attacker has drained about $72,000 worth of STRONG and STRNGR tokens after taking control of StrongBlock’s abandoned on-chain governance system through a malicious proposal. Summary An attacker drained about $72,000 after taking control of StrongBlock’s abandoned governance system. A malicious proposal gave the attacker admin control of the protocol’s Governor contract. The attacker upgraded the Governor contract before stealing 32,695 STRONG and 383,447 STRNGR tokens. The incident relied on governance control rather than a smart contract vulnerability. The attack follows recent crypto security breaches targeting governance, infrastructure and wallet software. According to blockchain security firm Defimon Alerts, the attacker…

JPYC has raised a total of 6 billion yen ($38 million) through an extended Series B round, adding fresh corporate backing as the Japanese stablecoin issuer expands its payment network and Web3 financial services. Summary JPYC has raised 6 billion yen ($38 million) in an extended Series B round to expand its stablecoin ecosystem. AZ COM Maruwa has invested 1 billion yen and plans to use JPYC for payments to about 2,300 business partners and contractors. JPYC is taking part in Lawson’s stablecoin payment pilot as regulated digital payments gain traction across Japan. Metaplanet has backed JPYC through both its…

A volunteer Bitcoin security initiative has identified 4,962 potential security issues across 390 Bitcoin-related projects during its first 29.8 hours of AI-assisted code reviews, with 720 classified as high or critical severity. Summary Bitcoin Red Team has identified 4,962 potential security issues across 390 Bitcoin projects. The volunteer group said 720 findings were classified as high or critical severity. More than one fifth of the reported issues have already been reproduced through verification. The review campaign was launched days after the Coldcard wallet attacks exposed a firmware flaw. The team said it has already reported several critical vulnerabilities to affected…