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Axelar-bridged tokens worth $4.67 million drained in Secret Network contract exploit
Approximately $4.67 million worth of tokens were drained from Secret Network after an attacker exploited an ICS-20-based smart contract used to facilitate cross-chain transfers, according to Axelar’s June 19 statement. The incident exposed another weakness in the bridge infrastructure connecting Cosmos-based blockchains, but Axelar said the issue was isolated to the Secret-side ICS-20 smart contract...Cryptopolitan
Sat, Jun 20
CFTC bans Mashinsky from trading for life, closing the regulator’s first crypto-lender case
The Commodity Futures Trading Commission permanently banned Celsius founder Alex Mashinsky from commodity trading and CFTC registration through a consent order entered on June 18 in the US District Court for the Southern District of New York. The order concludes the agency’s July 2023 fraud case and ends what the CFTC has referred to as...Cryptopolitan
Sat, Jun 20
MGX explores multi-billion-dollar acquisition of data center operator DayOne in push to dominate AI infrastructure
Abu Dhabi-backed AI investor MGX is reportedly weighing a multibillion-dollar buyout of DayOne, which operates a data center in Singapore. The deal will come as MGX’s first acquisition in Asia and would highlight the mounting competition among the various parties who seek to obtain the necessary data center infrastructures to fuel the growth of AI...Cryptopolitan
Sat, Jun 20
Ethereum Price Forecast: Impending funding crisis could put Ethereum at risk
Ethereum developers could face a "slow-burning funding crisis" in the coming months following the depletion of the Ethereum Foundation (EF) treasury and the expiration of the Client Incentive Program (CIP), according to former EF contributor Trent VanEpps.Fxstreet
Sat, Jun 20
Japan plans $65 billion physical AI push by 2040 to offset a shrinking workforce
On June 19, Japan’s government unveiled a plan to funnel 10.5 trillion yen ($65.1 billion) in combined public and private investment into physical artificial intelligence across 17 strategic sectors by fiscal 2040, according to Nikkei Asia. This is the fifth major policy move made by the government of Prime Minister Sanae Takaichi within just four...Cryptopolitan
Sat, Jun 20
Trump says "Anthropic is no longer a national security threat" after G7 lunch with Amodei
President Donald Trump told Axios’s Marc Caputo in a pre-taped interview published June 19 that he no longer views Anthropic as a national security threat, two days after meeting CEO Dario Amodei at the G7 summit. Asked whether Anthropic or Amodei posed a threat, Trump said, “Well, not now, but a week ago, maybe.” ⚠️...Cryptopolitan
Fri, Jun 19
Sam Altman's growing legend gains new chapter as Amazon shelves biopic over OpenAI ties
Sam Altman has faced boardroom coups, billion-dollar lawsuits, and personal allegations, and now, he can add Hollywood drama to the list after Amazon pulled its nearly finished biopic about him. Observers are viewing Amazon’s action as its way of avoiding the risk of offending a $50 billion business partner. Amazon MGM Studios confirmed on Thursday...Cryptopolitan
Fri, Jun 19
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