DigitalSacredFire

BiJie News reports that Crypto Briefing has found that XAI’s Grok Build CLI uploads private code and confidential information to Google Cloud storage buckets. This incident highlights the urgent need for transparency and strong data privacy safeguards in AI tools to prevent unauthorized data leaks.

Gate.io News, citing crypto journalist Eleanor Terrett, reports that Custodia Bank, a crypto bank in Wyoming, has filed an application with the U.S. Supreme Court requesting a review of whether the Federal Reserve Bank has the authority to refuse to open master accounts for state-chartered banks that meet eligibility requirements. Custodia said the decision by the Federal Reserve Bank of Kansas City to reject its application changed the balance of regulatory authority between state and federal banks and involves constitutional issues such as the appointment and powers of the Federal Reserve Bank’s president. Previously, both the U.S. District Court for Wyoming and the U.S. Tenth Circuit Court of Appeals supported the Fed’s position, finding that it has broad discretion to refuse Custodia a master account. The Federal Reserve Bank of Kansas City said that its rejection of Custodia’s application in 2023 was mainly driven by concerns about its crypto-centered business model.

Crypto custodian BitGo has announced a new quantum-proof security tool designed to help institutions assess, manage, and mitigate the quantum computing-related exposure risks of their UTXO-based Bitcoin wallets. The tool extends BitGo’s multi-signature security architecture, grouping and prioritizing UTXOs through a new patented technology to reduce key exposure risks from partial spends. BitGo CEO Mike Belshe stated that institutions do not need to wait for quantum threats to become reality before managing related risks, and the core strategy lies in addressing future post-quantum challenges through operational hardening and reducing on-chain public key exposure. (TheBlock)

Coinspect Security has released the first batch of investigation results regarding the weak randomness risk in the Ill Bloom wallet, stating that affected addresses can be identified using tools and on-chain analysis. The problem has spread to multiple chains since 2018 and is not caused by a single wallet. About $30 million was stolen on May 27, and in recent hours, another roughly $20 million has been transferred out. Still, thousands of accounts remain at risk on Bitcoin, Ethereum and its L2s, Tron, and Solana. SlowMist reminds users to verify their historical wallet addresses and closely follow the latest developments.

CoinWorld news: According to Lookonchain monitoring, the whale address 0x2684 has withdrawn another 5,926 ETH within the past two days, which is about $9.58 million based on the current price. Over the past two days, the whale has withdrawn a total of 15,802 ETH, worth about $25 million, and has already staked it.

CoinWorld News: Cardone Capital acquired 282 Bitcoin worth approximately $16.5 million for $5.3 billion. After this acquisition, their Bitcoin holdings have exceeded 2,700.

The Coin Realm reports that Anthropic has launched a new generation of collaborative intelligent agent, Claude Tag, on Slack. The Beta version is intended for enterprise users and supports multiple people coordinating and deploying AI together in the same channel. After receiving a task, the model breaks it down into phases, calls external tools and code libraries to complete it, and replies in the Slack thread. Administrators can set tool and data permissions to achieve memory isolation. Karpathy described it as the third-generation paradigm of LLM interaction UI/UX, as AI is becoming a persistent organizational-level collaborative entity.

CoinWorld News: pension-USDT.ETH address increased ETH short positions by 1,968.51 coins, approximately $3,380,054.20. The current position size is $25,401,915.16, with an average price adjusted from $1,738.88 to $1,737.96. The current profit and loss is +$89,006.17 (+1.05%), with the current coin price at $1,731.89 and the liquidation price at $4,171.68. This whale often profits through swing trading, with total profits exceeding $20 million since October.

Crypto World News reports that Morgan Stanley is advancing its applications for Ethereum and Solana ETFs, updating the relevant documents of this $9 trillion asset management firm to further progress these products through the U.S. Securities and Exchange Commission (SEC) review. If approved, these two funds will charge a fee of 0.14%, making them the lowest-cost Ethereum and Solana ETF proposals to date.

CryptoWorld News: The floating profit of well-known trader Loracle's ZEC long position has narrowed to $3,962,475.25, a 230.43% increase. The current average price of ZEC is $351.39, the current market price is $456.60, and the position size is $17,196,067.39.

Crypto industry news claims that SpaceX’s upcoming IPO may divert funds, putting pressure on Bitcoin and the crypto market. BTC is hovering around $61,750, down about 14% over the past week. Crypto market cap is down 1.1% to $2.2 trillion over 24 hours. Institutional demand has weakened: spot Bitcoin ETF net outflows totaled $168.8 million, bringing the four-week total to about $4.57 billion. The Fear & Greed Index has fallen to 9, with market sentiment remaining cautious. Analysts say that SpaceX’s IPO may siphon off funds that would otherwise flow into the crypto market.

CryptoWorld News reports that, according to Lookonchain monitoring, wallet 0x1bb7 has just deposited 86,481 ETH, worth approximately $171.57 million. Previously, this wallet had been inactive for more than 5 years. This may simply be a transfer between internal wallets.

Crypto World News reports that U.S. Treasury Secretary Scott Bessent stated at a Senate Finance Committee hearing that the Treasury is advancing the strategic Bitcoin reserves and digital asset reserves established under the Trump executive order at a "cautious pace," and described the related work as a new technology and new field that requires adopting best practices that can be sustained long-term. Bessent also said that the U.S. government is promoting progress in legislation related to digital assets and encourages support for the Clarity Act to keep digital asset businesses and regulatory frameworks within the United States. The U.S. currently holds approximately 328.4k BTC, worth about $21.5 billion.