BONK, a Meme Coin on Solana, Is Still up 1,700% in the Past Month

Vitalik Buterin emphasized the importance of mathematically verified software in protecting Ethereum and the broader cryptocurrency industry from AI-assisted cyberattacks and vulnerabilities. Formal verification, when done correctly, can enhance code efficiency and security, providing users with increased trust in the software they are using.

Hive Digital Technologies' stock price surged by 26% to $3.39 following the announcement of a new AI Gigafactory in Ontario, Canada, with 320 MW capacity. The company aims to shift focus from Bitcoin mining to AI supercomputers, investing $3.5 billion in the project.

The Financial Conduct Authority and the Bank of England have launched a joint Call for Input to provide firms with more regulatory clarity on tokenisation in UK wholesale financial markets. They aim to address areas like prudential treatment, tokenised collateral, and settlement instruments to support financial stability and growth.

Last week, crypto investment products experienced a significant outflow of $1.07 billion, mainly due to renewed geopolitical anxiety linked to Iran. The U.S. market saw the largest outflows, while European investors remained relatively stable, with some countries even attracting net inflows.

BitMine Immersion Technologies increased its Ethereum holdings by $151 million last week, despite the cryptocurrency's price dropping below $2,200. This decision followed a previous week where the firm scaled back purchases to $62 million, now holding nearly 5.28 million ETH worth $11.1 billion.

Strategy made its largest Bitcoin purchase in a month, acquiring 24,869 Bitcoin for $2 billion. The company now holds 843,738 Bitcoin valued at $64.4 billion. The firm's reliance on STRC for purchases has become routine, with plans to shift to a bimonthly dividend cadence.

Hyperliquid's native token HYPE is thriving amidst the broader crypto market downturn, driven by its pre-IPO perpetual futures ecosystem. The HIP-3 marketplace allows retail traders to access pre-IPO price exposure previously limited to institutional investors through secondary venues.

The Iranian Revolutionary Guard Corps has reportedly promoted Hormuz Safe, a Bitcoin-settled maritime insurance platform for cargo crossing the Strait of Hormuz. The platform offers fast and cryptographically verifiable insurance policies settled in Bitcoin for cargo moving through the Persian Gulf.

Bitcoin hit a three-week low due to rising U.S. Treasury yields causing ETF outflows and over $670 million in crypto market liquidations. The bond market crisis is impacting Bitcoin's price, with net outflows from U.S. spot Bitcoin ETFs reaching $1 billion.

Bitcoin Depot, North America's largest Bitcoin ATM operator, has filed for Chapter 11 bankruptcy protection, citing an increasingly hostile regulatory environment as the reason for its collapse. The company's financial struggles were exacerbated by revenue declines and regulatory pressures, leading to a significant stock plummet.