The Bitcoin Policy Institute (BPI) has filed to intervene as a defendant in a New York lawsuit seeking ownership of nearly 40,000 dormant bitcoin addresses valued at $293 billion. Plaintiffs claim the bitcoins were abandoned after being untouched for over five years, but BPI argues this threatens self-custody practices and denies the allegations. The case also involves disputes over amicus curiae status and motions to dismiss, with a key hearing scheduled for July 14 to decide who may participate in the case. This intervention signals growing institutional pushback against claims that could impact bitcoin holders worldwide.
Patrick Shyu, a former engineer at Meta and Google, warns that Bitcoin is threatened by two major issues: the decline of miner incentives as new coin rewards diminish and the potential future risk from quantum computing breaking Bitcoin's cryptograph...
The Ethereum Foundation patched a medium-severity vulnerability that allowed any peer to crash validator nodes by sending a single crafted message via the gossipsub protocol. The bug, found by an AI agent, caused an integer overflow triggering a cras...
TD Cowen reaffirmed its Buy rating on Micron Technology with a $1,600 price target, implying a 63% upside. The firm highlighted ongoing strong demand for memory products driven by AI infrastructure growth and persistent supply constraints expected be...
The S&P 500 has risen 10.7% year-to-date and is just 0.45% below its all-time closing high, showing strong bull market momentum. Technology stocks, especially the top seven tech giants, led a 4.9% rebound last week, while small caps and materials lag...
Applied Digital has transitioned from cryptocurrency mining to operating AI-focused data centers, securing $36 billion in long-term lease contracts over 15 years. The company generates $2 billion in annualized net operating income and is rapidly expa...
