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first_img Animoca Brands has suspended the reverse merger transaction with Currenc and remains committed to relisting

Animoca Brands and the Nasdaq-listed company Currenc Group have suspended the previously proposed reverse merger negotiations, which were originally intended to facilitate Animoca's listing. In a statement released on Tuesday, Animoca indicated that after assessing the project timeline and the "evolving market environment," both parties agreed that the time required to complete the transaction no longer aligned with their short-term and mid-term goals.Animoca co-founder and executive chairman Yat Siu stated, "Corporate agility must take precedence over" advancing the merger with Currenc. Animoca added that the company "remains fully committed to relisting on a major public exchange," and if conditions permit, both parties may consider resuming merger negotiations. The reverse merger plan was first announced in November 2025, originally intended for Currenc to acquire Animoca through an Australian arrangement, with Animoca shareholders collectively holding 95% of the merged company's shares post-merger.Animoca was previously listed on the Australian Securities Exchange but was delisted in 2020 due to scrutiny over its involvement in crypto-related activities. In 2022, the Australian Securities and Investments Commission convicted Animoca and imposed a fine for failing to submit annual reports for 2019-2021 and some semi-annual reports. Animoca stated that it is actively advancing the preparation of its audited financial statements for the fiscal year 2024 and continues to seek the optimal path for relisting. Currenc Group is a fintech company headquartered in Singapore, focusing on AI and tokenization solutions.

Liquid Network releases emergency fix: Elements v23.3.4 fixes Proof verification cache vulnerability

Liquid Network has released the latest update stating that the emergency version Elements v23.3.4 is now online. Functionary nodes have immediately begun upgrading and all Liquid node operators are advised to synchronize updates. This version addresses the previously discovered Proof verification cache vulnerability and strengthens the cache keys used for Range Proof.Regarding network recovery, Blockstream states that it is still formulating a recovery plan, which is expected to proceed in three phases: restoring block production while continuing to suspend Peg operations; replaying verified valid transactions; and restoring Peg operations after the network status is fully restored and funds are confirmed to be returned. Currently, the first two phases are being tested in parallel, and any phase will only advance once safety is confirmed. Liquid Network indicates that Elements v23.3.4 has completed multiple rounds of internal and external reviews, with participants including the Bitcoin Red Team, Alpen Labs, and other teams.At the same time, Liquid Network reminds users to be vigilant against fraudulent upgrade websites exploiting this incident. Information should only be obtained through official Liquid Network and Blockstream channels, and users should never send funds to strangers or disclose private keys or recovery phrases.

first_img Core DAO Emergency Hard Fork Due to Validators Over-Claiming Rewards Plan

Core DAO is coordinating an emergency hard fork due to some validators receiving CORE rewards that exceeded the protocol's expected issuance. Core stated in an update that the situation has been brought under control, and "malicious validators" can no longer claim excess rewards. This fork is a forward upgrade and will not roll back the network or revoke any confirmed transactions.Previously, Core indicated in a status update on Monday that the rewards accumulated by a small number of validators were significantly higher than the protocol's expected issuance. The incident was limited to the reward distribution phase, user assets remain secure, and they promised to release a technical review report. Following the incident, several exchanges restricted CORE transfers: Coinbase suspended deposits and withdrawals on the Core network, Bithumb and Coinone suspended deposits and withdrawals, Bitget suspended deposits and withdrawals citing wallet maintenance, and LBank suspended deposits at the request of the project party.Core has not disclosed the amount of excess issued CORE, the duration of the activity, or whether additional tokens have entered circulation, nor have they provided details on the vulnerability that allowed validators to receive rewards. Cointelegraph reached out to Core for further information but had not received a response by the time of publication.

The risk of "exit difficulty" in the South Korean cryptocurrency market emerges: nearly 30% of assets among the five major exchanges can only be traded on one

According to South Korean media Daum, an analysis of the five major Korean won exchanges Upbit, Bithumb, Coinone, Korbit, and GOPAX, as well as the public API of CoinGecko, found that after excluding duplicate assets, the five exchanges collectively support approximately 606 types of crypto assets. Among them, 164 types (27.1%) are only available for trading on one exchange, and another 324 types (53.5%) are traded on two or fewer exchanges.Among the assets supported by a single exchange, Coinone has the most, with 55 types; Bithumb has 54 types, GOPAX has 25 types, Upbit has 16 types, and Korbit has 14 types. In terms of liquidity, the median trading volume of these 164 assets in nearly 24 hours is only about 1.37 million won, with 79 types having a trading volume of less than 1 million won, and 38 types even having zero transactions.The analysis suggests that listing on a single exchange does not inherently mean that the asset carries risk. If the relevant assets are actively traded on overseas exchanges or support smooth withdrawals, investors still have other exit channels. However, for assets with low overseas trading volume and restricted deposit and withdrawal networks, once support is terminated, investors may face difficulties in both selling and transferring.

Core Lightning, the Bitcoin Lightning Network software, issued an emergency warning due to the discovery of multiple real vulnerabilities in an AI report

According to CoinDesk, the developers of the Bitcoin Lightning Network payment software Core Lightning (CLN) issued an urgent warning to node operators after the team received a large number of AI-generated security reports, revealing several real vulnerabilities. The development team advised operators not to directly shut down the machine power but to restart the software in "--offline" mode, which stops communication with other Lightning Network nodes while still keeping it operational to continuously monitor the Bitcoin blockchain and protect the funds in the payment channels.The Core Lightning team began receiving a large number of AI-generated vulnerability reports since early August, some of which have been confirmed to be valid. Developers will keep the details confidential for two weeks to complete the patch development and plan to release a signed patch version for operators to verify the source. The source code and vulnerability details will be made public after the confidentiality period ends.This is the second AI-related security incident in the Lightning Network this month. Earlier in early August, BTCPay Server experienced a vulnerability that led to the leakage of credentials for some Lightning Network nodes and theft of funds. Additionally, the "Bitcoin Red Team," composed of 16 developers, used AI models to scan 390 Bitcoin code repositories at the end of July, discovering nearly 5,000 issues, 85 of which were rated as critical.

first_img CryptoQuant analysts say that Bitcoin has emerged from the bear market and entered the early stage of a bull market

Analysts at the cryptocurrency research firm CryptoQuant believe that Bitcoin has emerged from the bear market, but a short-term pullback may occur. CryptoQuant founder Ki Young Ju posted on social media that Bitcoin has entered the early stage of a bull market and pointed out that the current trend is consistent with the market conditions before the last bull market.CryptoQuant's research shows that the inflow of funds to derivatives exchanges has resumed, confirming that traders have entered a risk-on mode, which has historically marked the beginning of a new bull market. The firm's analyst Theophiluspep stated that while Bitcoin is entering a bull market, spot demand, ETF fund flows, and market momentum have turned bullish, while high profit-taking, inflows to exchanges, and overbought conditions suggest a potential short-term cooling.Bitcoin continued to rise last week, increasing by 22% over the past 7 days, with the latest price at $78,716, briefly touching $81,160 on Monday. Previously, in June and July, Bitcoin mostly traded below $65,000. U.S. investors reversed direction last week and bought Bitcoin ETFs, achieving the best weekly performance since October, with data from Farside Investors showing that related funds managed by institutions such as BlackRock, Fidelity, Grayscale, and Morgan Stanley saw an inflow of $1.9 billion in new funds. Additionally, the U.S. Treasury announced last week that it would at least double its long-term Treasury bond repurchase scale, leading to a decline in yields, with Bitcoin and gold rising in tandem.

first_img ByteDance will merge TRAE and Kouzi into Doubao, and will promote "Doubao Work."

According to reports from Intelligent Emergence, ByteDance has completed the team integration of its office AI products, with the TRAE and Coze teams being fully merged into the Doubao system. Among them, TRAE Work and Coze will integrate their product capabilities in work scenarios with Doubao, while TRAE IDE and CLI will continue to develop as a programming product line under the Doubao brand. After the adjustment, the relevant product and operations teams will report to Zhao Qi, the product head of Doubao.TRAE and Coze were originally part of ByteDance's Product R&D and Engineering Architecture Department, positioned respectively as AI programming products and AI intelligent entity development platforms. Starting this year, productivity agents have become an important strategic direction for Doubao, and the experience accumulated by both parties will be reused in Doubao. Following this adjustment, ByteDance has further clarified the AI core business positioning of Doubao, focusing AI office products on Doubao, and will launch the independent AI office product "Doubao Work" as a unified product and brand for AI office scenarios as early as this week.ByteDance responded that the adjustment aims to better coordinate product and technical resources to provide users with a higher quality AI work experience, and existing user rights will not be affected. Recently, Doubao has intensively updated office functions such as remote computer control, Windows virtual desktop, cloud computer, and side workbench, and has launched over 200 skills and connectors; the independent "Doubao Work" will also be deeply integrated with Feishu, with the former Feishu "Aily Intelligent Partner" having been renamed to "Doubao Work Partner."
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