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…

Telegram trading bots let users buy and sell tokens directly from a chat interface. This guide explains how they work, which bots dominate the market, and what risks come with handing a bot your private key. Summary Telegram trading bots are automated tools that connect to decentralized exchanges through the Telegram messaging app, letting users swap tokens, snipe new listings, and set limit orders without using a traditional wallet interface The leading bots by volume include Banana Gun, Maestro, Unibot, BONKbot, and Trojan, each handling hundreds of millions of dollars in weekly trading volume across Ethereum, Solana, and Base These…

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…

Senator Elizabeth Warren supports establishing federal rules for digital assets but has rejected the CLARITY Act in its current form, citing unresolved concerns over corruption, consumer protection, national security and financial stability. Summary Warren supports crypto legislation but said the CLARITY Act lacks necessary safeguards. Her objections cover conflicts of interest, consumer risks, national security and regulatory arbitrage. Senate leaders took no procedural action to move the bill toward a weekend vote. Polymarket traders placed its chance of becoming law in 2026 at approximately 17%. Warren says CLARITY Act falls short According to CoinDesk, Warren said the U.S. crypto industry…

Blockchain.com has secured a definitive Virtual Asset Service Provider custody licence from the Cayman Islands Monetary Authority, expanding its regulated crypto services after meeting all licensing conditions on July 22. Summary Blockchain.com has secured a full VASP custody licence from the Cayman Islands Monetary Authority. The approval allows the company to offer regulated custody, staking and exchange services in the Cayman Islands. The company has also partnered with TechCayman and plans to hire its first employee in the jurisdiction. The licence follows Blockchain.com’s recent MiCA approval in Europe and FCA registration in the UK. According to a Thursday announcement from…

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…

PowerCompute has refinanced and consolidated $18 million of existing debt into a Bitcoin-backed credit facility using 307 BTC as collateral, lowering its borrowing cost while keeping its Bitcoin treasury intact. Summary PowerCompute has refinanced $18 million of debt through a Bitcoin backed credit facility using 307 BTC as collateral. The new loan replaces three existing facilities and lowers the initial interest rate to about 2% APR. The company said the refinancing lets it reduce borrowing costs without selling its Bitcoin holdings. The facility renews every 30 days with pricing reset according to market conditions. The refinancing comes as more companies…

A single line of firmware shipped in March 2021 told every Coldcard hardware wallet to skip its dedicated randomness chip. For five years nobody noticed. Then an attacker brute-forced the weak seeds in 41 minutes, draining 1,816 BTC from more than 5,200 addresses across four attack waves. The incident is the largest hardware wallet exploit in crypto history, and it is forcing the entire bitcoin self-custody model to answer a question it has avoided since inception: who audits the code that generates your keys? Summary A build configuration error in Coldcard firmware version 4.0.1, shipped in March 2021, routed seed…

Fraudsters have begun impersonating European financial regulators and licensed crypto businesses to exploit customers moving funds after the European Union’s MiCA licensing deadline reshaped the regional crypto market. Summary European regulators have reported a rise in scams targeting crypto users after the MiCA licensing deadline. Fraudsters have posed as financial regulators and licensed crypto firms to steal customer assets. ESMA has warned that criminals are using its name, logo and fake documents to deceive users. More than 1,700 unlicensed crypto firms were expected to leave the EU market after MiCA took effect. Customers moving assets to authorized providers have become…

South Korean crypto exchange Upbit opened trading for Cap’s CAP token on Aug. 6 across its Korean won, Bitcoin and Tether markets.  Summary Upbit opened CAP trading against Korean won, Bitcoin and Tether at 14:00 KST on Thursday. CAP deposits and withdrawals use Ethereum, with Upbit warning users to verify the contract address. Upbit restricted purchases and low priced sell orders, while limiting order types for two hours. Bithumb previously listed CAP in June, making Upbit its second major South Korean won market. CAP traded near $0.02735, gaining 15.3% daily, although listing effects could not be isolated independently. According to…