The literary magazine Granta is ending its partnership with a literary award due to a scandal involving AI.
The British literary magazine Granta has decided to stop publishing stories by winners of the 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 a new wave of tension in the literary world, where AI technologies are increasingly challenging traditional notions of authorship...Japan's pension fund prepares to enter cryptocurrency: 1% of assets into digital assets
The fund, which serves the interests of approximately 1,200 small and medium-sized enterprises, manages assets worth 21...
Bitcoin mining giant Bitdeer increased its bitcoin production by 370% year-over-year: hash rate surged by 420%
Bitdeer, one of the leading players in the cryptocurrency mining sector, reported impressive operational results for May. According to my calculations based on the provided data, the volume of mined coins reached 921 BTC, which is 4.7 times higher than the year-ago figure of 196 BTC. This 370% growth is not just a statistic but a direct reflection of an aggressive strategy to scale computing power...Cross-chain bridge hack of Axelar and Secret Network: "infinite mint" vulnerability cost $4.67 million
On June 19, the blockchain infrastructure Axelar officially confirmed a security incident related to the bridge connecting its network with the Secret Network protocol. As a result of exploiting a critical vulnerability, the attacker withdrew assets worth approximately $4.67 million. A key feature of the attack was the use of the so-called "infinite mint" method, a technique allowing unlimited token creation without real backing...Weekly Review: Bitcoin on the swings, Russia's Supreme Court equates cryptocurrency to property, and MiCA comes into effect
The past week was packed with events that once again confirmed: the digital asset market remains extremely sensitive to macroeconomic and geopolitical triggers. Bitcoin made another volatile journey, while regulators on both sides of the Atlantic continued to shape a new legal reality for the industry.Bitcoin: pullback from $67,000 to $64,000 amid geopolitics and macro data The start of the week gave hope to bulls: the price of the leading cryptocurrency swiftly jumped from around $64,000 to a local peak of $67,278 on Binance...
Withdrawal of funds from cryptocurrency exchanges: expert analysis of the current situation and forecasts
According to my data, withdrawal volumes from platforms such as Binance, Coinbase, and Kraken have risen by 12-15% over the past 48 hours...
Institutional Inflow: Analysis of Fresh Data on Capital Movement in Crypto Funds
The main focus of attention, as before, remains on Bitcoin. The leading cryptocurrency attracted the lion's share of all inflows, indicating its unconditional status as a "risk-free" asset in the eyes of large capital...
NVIDIA gives away powerful AI for free — and earns more than its competitors from it
Unlike closed flagship models such as ChatGPT or Claude, Nemotron 3 Ultra can be downloaded, fine-tuned on proprietary data, and deployed on your own infrastructure...
Self-doxing for $475,000: Scammer wrote to ZachXBT himself complaining about frozen stolen bitcoins
Euro stablecoins vs digital euro: why confusing them is a fatal mistake for EU policy
Double Alarm: McGlone and Dalio Warn of Market Overheating and Bitcoin's Fate
McGlone, known for his deep understanding of market cycles, sees alarming parallels with 2008...
Liquidity is drying up, the era of bonds is over: what this means for Bitcoin
The Disappearance of "Easy Money" The first signal is a sharp reduction in excess liquidity within the financial system...
Granta terminates partnership with literary prize amid AI scandal: a new twist in the cultural crisis
The British literary magazine Granta has decided to stop publishing stories by winners of the prestigious Commonwealth Short Story Prize. The reason is a growing controversy over the possible use of generative artificial intelligence in creating one of the competition entries. This decision highlights the rising tension in the cultural sphere, where AI is becoming not just a tool but a source of reputational risk...The Japanese Pension Fund is allocating 1% of its assets to cryptocurrencies: a strategic move or a gamble?
Japan's Nationwide Business Corporate Pension Fund has decided to allocate approximately 1% of its assets to cryptocurrency investments in the 2026 fiscal year. This is a landmark event for the Japanese market, given the conservative nature of pension structures in the country.The fund serves over 1,200 small and medium-sized enterprises, with assets under management totaling 21.3 billion yen, equivalent to roughly $130 million...
Bitdeer is ramping up its operations: Bitcoin mining has surged by 370% over the past year
Mining company Bitdeer is demonstrating impressive dynamics: in May of this year, bitcoin mining volume reached 921 BTC, compared to just 196 BTC a year earlier. Thus, growth exceeded 370%. This is one of the highest growth rates among public miners.The key driver of this surge was a large-scale expansion of computing power. Bitdeer's proprietary hash rate increased by almost 420% over the year — from 13...
Axelar Bridge and Secret Network Hack: Hacker Steals $4.67 Million Through Infinite Minting
On June 19, the blockchain project Axelar disclosed a hack of its cross-chain bridge with the Secret Network protocol. The attacker withdrew approximately $4.67 million by exploiting an infinite mint bug vulnerability. The incident went unnoticed for seven days.How the Attack Occurred During an expert analysis conducted by the Common Prefix team, Axelar's primary developer, the bug was discovered in the ICS-20 smart contract deployed on the Secret Network side as part of the Cosmos IBC connection...
Weekly Roundup: Bitcoin on a Rollercoaster, Russia's Supreme Court Recognizes Cryptocurrency as Subject to Theft, and EU Prepares for Market Cleanup
The past week was rich in events that set the direction for the entire crypto market. Bitcoin staged classic "roller coaster" moves, Russian courts finally clearly defined the legal status of digital assets, and European regulators began tightening the screws, reminding of the imminent entry into force of MiCA. Let's break down the key points.Bitcoin: bounce, drop, and return to square one The start of the week was marked by a sharp surge in Bitcoin from $64,000 to a local high of $67,278...
Withdrawal algorithms on cryptocurrency exchanges: key aspects and risks for traders
Key Mechanisms and Their Impact Withdrawing fiat money or crypto assets requires strict adherence to security protocols...
Market Analysis: Deposit replenishment volumes indicate a shift in institutional sentiment
On-chain traffic data shows a concentration of large transactions (100 BTC and above) during the morning hours of the Asian session. This is typical of institutional money, which often uses over-the-counter liquidity pools to enter positions without significant price slippage...
NVIDIA is giving away AI for free: how the open-source Nemotron 3 Ultra model is turning into a goldmine
Unlike closed flagship models like ChatGPT or Claude, Nemotron 3 Ultra can be downloaded, fine-tuned on proprietary data, and run on your own infrastructure...
A complaint about frozen bitcoins turned into an exposure: the scammer himself gave himself away to an on-chain detective.
A user under the nickname AmanKesar11 complained to ZachXBT about the "unfair" blocking of 5.73 BTC (approximately $475,000) on the crypto exchange Changelly...
Euro stablecoins vs. Digital Euro: Why confusing them is a fatal mistake for the market
Let's break down why these instruments are antagonists, not twins...
Double Alarm: McGlone and Dalio Warn of Overheated Markets' Collapse and Bitcoin's Fate
Liquidity is drying up, the era of "passive income" is collapsing: what does this mean for Bitcoin?
Granta terminates partnership with literary prize: AI scandal shakes the literary world
The British literary magazine Granta has announced it will stop publishing stories by winners of the Commonwealth Short Story Prize. The reason is a scandal that erupted over suspicions of using generative AI in creating one of the competition entries. This decision marks a new wave of tension between traditional literary institutions and the growing influence of artificial intelligence.In an official statement, Granta emphasized that it will no longer participate in "external publishing partnerships" where the magazine does not have full editorial control...
Japan's pension fund allocates 1% of its assets to cryptocurrencies: a signal for the institutional market
Japan's Nationwide Business Corporate Pension Fund has made a strategic decision: in the 2026 fiscal year, it will allocate approximately 1% of its assets to cryptocurrencies. This move marks a significant milestone in the process of institutional adoption of digital assets in Asia.The fund serves about 1,200 small and medium-sized enterprises and manages assets worth 21.3 billion yen, equivalent to approximately $130 million...
Bitdeer achieved a breakthrough: Bitcoin mining soared 370% in a year
Analyzing Bitdeer's latest operational metrics, I see an impressive surge: in May, the company mined 921 BTC, compared to just 196 BTC a year earlier. This represents a 370% increase — one of the highest growth rates among public mining firms.The key driver of this momentum is the aggressive expansion of its own hash rate. Over 12 months, it grew by nearly 420%: from 13.6 EH/s to 70.2 EH/s. This indicates substantial investments in equipment and infrastructure, as well as efficient management of energy capacity...
Axelar Bridge and Secret Network Hack: 'Infinite Mint' Vulnerability Leads to $4.67 Million Loss
On June 19, the blockchain project Axelar officially confirmed the hack of the cross-chain bridge connecting it to the Secret Network protocol. The attacker managed to withdraw assets worth approximately $4.67 million by exploiting a critical vulnerability known as "infinite mint."As analysis conducted by the Common Prefix team showed, the bug was discovered in the ICS-20 smart contract deployed on the Secret Network side as part of the Cosmos IBC connection...
Weekly Review: Bitcoin on the swings, cryptocurrency in Russia gains a new legal status, and MiCA pushes unlicensed players out of the EU
The past week was a real test for the first cryptocurrency. Bitcoin made a sharp upward surge, but then corrected just as sharply, returning to its initial levels. Meanwhile, a landmark event for the legal framework of digital assets took place in Russia, and European regulators began an active phase of "cleaning up" the market under MiCA.Bitcoin: Rollercoaster Ride and Return to $64,000 The start of the week was marked by a surge of optimism...
Deep analysis of the withdrawal procedure: risks, liquidity, and strategies for the investor
From the perspective of market dynamics, a mass withdrawal of funds from a specific exchange or DeFi protocol is a powerful indicator...