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Coinsbuy Faces Reported $7.9 Million Crypto Hack Amid Rising 2026 Attacks
- Coinsbuy wallets were reportedly drained of more than $7.9 million.
- The attacker laundered stolen funds into Monero through exchanges.
- The incident is the largest crypto hack reported in August so far.
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The Web’s Missing Payment Primitive Didn’t Need Better Tech, It Needed to Ditch Humans
- Micropayments died since the 1990s on cognition, not technology.
- x402 removes the human, not the friction, from the decision.
- Average x402 payment is 32 cents, not a fraction of a cent.
Cathie Wood Says Open Source AI Is Making OpenAI and Anthropic Richer, Not Poorer
- ARK's Cathie Wood flips the open-weight AI narrative, names three stocks to watch
- The security risk from open AI models may be frontier labs' biggest growth driver
- SpaceX, OpenAI, and Anthropic could claim most of AI's model revenue, Wood says
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Asia Stocks Climb and Rate Bets Ease. Now Comes Wednesday’s CPI Test
- September Fed hike odds fell from 67% to 44% after a soft US jobs report
- Oil crept higher as the Strait of Hormuz deal stalled, raising inflation risk
- Wednesday's CPI print will decide whether this week's rally holds or unravels
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Top Privacy Chains You Should Know in 2026
Compare the top privacy chains in 2026. Midnight Network, Monero, and Zcash reviewed by privacy model, cryptographic approach, and real-world adoption.
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$96 Billion Japan Bond Losses Put America Debt and Bitcoin on Alert
- Japan's four biggest life insurers reported $96 billion in unrealized bond losses at the end of June.
- Rising Japanese bond yields are narrowing the Bank of Japan's room to keep raising interest rates.
- Japan still owns about $1.14 trillion in US Treasuries, making its policy choices globally significant.
- Bitcoin traders are watching the yen carry trade more closely than the insurers' paper losses.
AI Spending is Slowing Down. How Will the S&P 500 React?
- Bank of America found 45% of fund managers naming an AI bubble as the biggest market tail risk.
- The top 20 stocks now represent roughly 50.8% of the entire S&P 500 market capitalization.
- Morgan Stanley projects nearly $3 trillion in AI infrastructure spending by 2028.
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Stablecoin Banking Competition Expands Beyond Settlement
- Stablecoins are gaining ground across payments, payroll, business transfers and settlement.
- Card issuance, foreign exchange, compliance and account management offer providers greater revenue opportunities and stronger customer relationships.
- Stablecoin neobanks face growing responsibility as they combine payments, yield, credit and trading within one product.
3 Crypto Earnings to Watch This Week After Q1 Losses
- Bitdeer, Forward, and Bit Digital report crypto earnings this week.
- All three posted heavy losses last quarter on crypto markdowns.
- Bitdeer and Bit Digital stock rose in Q2 while Forward lagged.