Class Action Targets xAI Over Alleged Grok Deepfake Images of Minors

Vitalik Buterin has withdrawn 16,834 ETH, worth around $44.4 million, to support the Ethereum Foundation's "special projects." They include an "open-source, secure and verifiable full stack of software and hardware that can protect both our personal lives and our public environments," Buterin said, noting that the Ethereum Foundation is entering a period of "mild austerity."

Bitcoin plummeted to a nine-month low due to macroeconomic and geopolitical events, with a 7.4% drop in 24 hours. The total crypto market capitalization decreased by 6.7%, resulting in $1.68 billion in liquidated positions.

The U.S. government has seized over $400 million in assets connected to Helix, a darknet crypto mixer used for money laundering from illegal activities. Helix's operator, Larry Dean Harmon, was involved in processing millions of dollars through the service, leading to legal actions against him.

BitMine Immersion Technologies and Strategy both experienced significant stock declines, with BMNR dropping nearly 10% to $26.70 and MSTR falling by a similar percentage to $143.19. BitMine recently acquired $116 million worth of ETH, while Strategy spent $267 million on Bitcoin.

Griff Green, a co-founder of Giveth, is launching the DAO Security Fund with 75,000 ETH to enhance Ethereum's security. The fund repurposes unclaimed assets from the 2016 DAO collapse, now valued at over $150 million.

Bitcoin faces challenges as traditional safe-haven assets like gold and silver surge amid macro uncertainty. The death cross, with the 50-day EMA dropping below the 200-day EMA, signals a bearish trend. ADX indicates weakening correction strength, with $80,600 support crucial for avoiding further decline.

DePIN tokens are struggling with low prices, but some networks are seeing growth in on-chain revenue, shifting focus from speculative valuation to economic activity. The sector has a $10 billion market cap and generated $72 million in revenue in 2025, with leading networks trading at 10-25 times revenue.

Metaplanet recently closed a $137 million sale of shares and warrants to buy more Bitcoin, aiming to distribute dilution over time and increase BTC holdings per share. The company plans to use the funds within a year, as it currently holds nearly $3 billion worth of Bitcoin.

Predictors on Myriad are conflicted about Bitcoin's next move, with odds shifting towards a dump to $69,000. Solana's market also sees a shift, with predictors now giving a drop to $100 a 57% chance. Trump's approval rating on Myriad stands at 55%.

The National Bank of Kazakhstan's investment arm plans to enhance its national crypto reserve with seized coins, foreign currency, and gold reserves. The bank has allocated $350 million for this fund, aiming to become a Central Asian crypto hub.