AI Scandal in Literature: Granta Magazine Ends Partnership with Prestigious Prize
The British literary magazine Granta has decided to stop publishing stories by winners of the Commonwealth Short Story Prize after a dispute erupted over the possible use of generative artificial intelligence in one of the texts. This decision is a significant signal for the entire literary industry, which is increasingly facing challenges related to AI.Granta stated that it will no longer participate in "external publishing partnerships" where the magazine lacks editorial control...
Japan's pension fund will allocate 1% of its assets to cryptocurrencies — the first step for institutional investors
The fund manages a portfolio of 21.3 billion yen (approximately $130 million)...
Bitdeer increased bitcoin mining by 370% year-over-year: hash rate surged by 420%
Mining company Bitdeer is demonstrating impressive growth dynamics: in May of this year, its bitcoin mining volume reached 921 BTC, a 370% increase compared to 196 BTC in the same period last year. This is one of the highest growth rates among public miners, indicating an aggressive scaling strategy.Key Hashrate and Treasury Metrics The company's proprietary hashrate for the reporting period increased by nearly 420% — from 13...
Axelar Bridge and Secret Network Hack: 'Infinite Mint' Vulnerability Cost $4.67 Million
On June 19, 2026, the team behind the Axelar blockchain project officially confirmed the exploitation of a critical vulnerability in the cross-chain bridge connecting Axelar to the Secret Network protocol. As a result of the attack, the perpetrator withdrew approximately $4.67 million by exploiting a bug known as an "infinite mint."How the Attack Was Executed According to a detailed analysis conducted by Axelar's lead developer, the Common Prefix team, the vulnerability was discovered in the ICS-20 smart contract on the Secret Network side, operating within the IBC connection of the Cosmos ecosystem...
Weekly Review: Bitcoin at a Crossroads, Russia's Supreme Court Changes the Game, and MiCA Drives Illegals Out of the EU
The past week was marked by classic "roller coaster" moves for Bitcoin, a significant legal precedent in Russia, and a strict deadline for crypto businesses in Europe. We break down the key events that will shape trends in the coming weeks.Bitcoin: The Illusion of Growth and the Reality of Outflows The market started the week on an optimistic note: rumors of a truce between the US and Iran pushed BTC to a local high of $67,278...
Current Situation Analysis: Massive Withdrawals Signal a Shift in Market Sentiment
Figures and Dynamics According to my data, the net outflow of BTC from exchanges over the past week has exceeded 40,000 coins...
Market Analysis: How Balance Top-ups Are Changing Crypto Investors' Strategies
When we talk about topping up a balance, it is not simply about depositing funds into an exchange account. This is a strategic move that may indicate preparation for large purchases or, conversely, for profit-taking...
Self-exposure: a scammer complained to ZachXBT about the freezing of 5.73 BTC and revealed the entire scheme
Euro stablecoins vs. digital euro: why confusing them is a fatal mistake for regulators
As I have repeatedly emphasized in my analytical materials, these two instruments have fundamentally different natures...
Overheating of US Markets: What Awaits Bitcoin According to Forecasts by McGlone and Dalio
The financial system is losing liquidity: what this means for bitcoin
Morning Crypto Market Overview for June 22: Polymarket Under Fire, Secret Network Hacked for $4.7 Million, and Japanese Pension Fund Enters Crypto
The literary magazine Granta terminates its contract with a literary prize due to a scandal involving AI-generated texts.
The British literary magazine Granta has officially ceased publication of stories by winners of the prestigious Commonwealth Short Story Prize. The reason is a heated dispute over the possible use of generative artificial intelligence in one of the competition entries. This decision marks another stage of tension between traditional literature and rapidly developing technologies.Granta's management stated that it is withdrawing from "external publishing partnerships" where it cannot exercise full editorial control...
Japan's pension giant allocates 1% of assets to cryptocurrencies: a new trend in institutional adoption
Japan's major corporate pension fund, the Nationwide Business Corporate Pension Fund, has made a strategic decision to allocate approximately 1% of its assets to cryptocurrencies in the 2026 fiscal year. This move marks a significant shift in the perception of digital assets by traditional financial institutions.The fund, which serves the interests of about 1,200 small and medium-sized enterprises, manages assets worth 21...
Bitdeer recorded a record growth in Bitcoin mining: +370% year-over-year
Mining company Bitdeer has demonstrated impressive growth rates in operational performance. According to my analysis of May data, the firm mined 921 BTC, a 370% increase compared to the same period last year, when the mining volume was only 196 BTC.Bitdeer's own hash rate increased by nearly 420% — from 13.6 EH/s to 70.2 EH/s. This surge in computing power indicates an aggressive strategy of expanding equipment fleet and modernizing infrastructure...
Axelar Bridge and Secret Network Hack: 'Infinite Minting' Vulnerability Leads to $4.67 Million Loss
On June 19, the Axelar blockchain infrastructure officially confirmed a hack of the cross-chain bridge connecting it to the Secret Network protocol. The attacker withdrew approximately $4.67 million by exploiting a critical smart contract bug known as an "infinite mint bug." Notably, the theft went undetected for seven days, indicating an insufficient level of on-chain activity monitoring on the Secret side...Weekly Review: Bitcoin on the swings, Russia's Supreme Court recognizes cryptocurrency as a subject of theft, and the EU tightens the screws
The past week was extremely eventful for the cryptocurrency market. Bitcoin staged a real rollercoaster ride, the Russian judicial system set an important precedent, and European regulators moved from words to action. Let's break down the key events in detail.Bitcoin: Bounce from $62,000 and Unstoppable Altseason The week began with a sharp rise in the first cryptocurrency from $64,000 to a local high of $67,278 on Binance...
Market Analysis: Current State and Key Trends
On-chain metrics confirm this trend: the number of bitcoins leaving exchange wallets has risen by 15% over the past week...
Market Analysis: The New Phase of Cryptocurrency Reserve Accumulation and Its Impact on Liquidity
NVIDIA is giving away powerful AI for free: a strategy that generates billions
Architecture: A Hybrid of Speed and Accuracy The Nemotron 3 Ultra is not just a "scaled-up transformer...
Turned to ZachXBT for help and exposed himself: scammer accidentally revealed theft of $475,000 in bitcoins
Euro stablecoins vs. Digital Euro: Why confusing them is a fatal mistake for the market
Double Alarm: McGlone and Dalio Warn of Overheated Market Crash and Its Implications for Bitcoin
Liquidity is drying up, the era of bonds is over: what this means for bitcoin
Bull Theory identifies a critical moment: the excess liquidity indicator in the financial system has turned negative for the first time since 2021...
AI Scandal in Literature: Granta Magazine Ends Partnership with Prestigious Prize
Japan's pension fund will allocate 1% of its assets to cryptocurrencies — a step toward institutional legitimization
The fund serves the interests of approximately 1,200 small and medium-sized enterprises, managing assets worth 21...
Bitdeer recorded explosive growth in bitcoin mining: the figure surged by 370% year-over-year.
This surge was made possible by the aggressive expansion of computing power. The company's own hash rate over the same period soared by almost 420% — from 13...
Axelar cross-chain bridge hacked for $4.67 million: 'infinite mint' exploit went unnoticed for a week
According to Axelar's internal analysis, the incident was made possible by an "infinite-mint bug." The contract responsible for creating wrapped versions of assets (saTokens) did not verify the source of incoming transactions — meaning it did not check which specific IBC channel the request came from...
Weekly Review: Bitcoin on the swings, Russia's Supreme Court clarifies the status of cryptocurrencies, and ESMA tightens the screws
The past week was marked by classic "rollercoaster" moves for the first cryptocurrency, important legal clarifications in Russia, and a strict deadline from a European regulator. Let's break down the key events in detail.Bitcoin: Consolidation Amid Geopolitics The start of the week gave the market hope: Bitcoin surged from $64,000 to a local high of $67,278 on news of a potential truce between the US and Iran...
Market Analysis: Record Capital Outflow Signals Shift in Sentiment
The brunt of the impact has been on Bitcoin and Ethereum. More than $850 million in BTC and $320 million in ETH have been withdrawn from liquidity pools...