News
Editorial-quality coverage of global financial markets, policy, and macro trends.
- Crypto
Hacker Compromises Taiko L2 Network
The Taiko Layer 2 network has reported a security breach affecting its blockchain state verification, leading to significant financial losses.
Mercation Admin1 min - News
Toss Bank and Solana to Create Financial Platform
Toss Bank and Solana Foundation have partnered to develop a blockchain-based financial platform, aiming to enhance global remittances for 15 million customers.
Mercation Admin1 min - Crypto
Bitcoin Developers Aim to Eliminate the Redundant RBF Feature
Bitcoin developers are considering removing the replace-by-fee feature from wallets as it has become redundant and raises privacy concerns.
Mercation Admin4 min - Crypto
Ethereum Validators May Allocate Up to 10% of Rewards for Ecosystem Projects
A new governance proposal suggests Ethereum validators could allocate up to 10% of their staking rewards to fund ecosystem initiatives, raising questions about coordination and decision-making.
Mercation Admin4 min - Crypto
XRP Sees Quick Recovery After Brief Drop Below $1.14 Support
XRP momentarily dipped below $1.14 but quickly recovered, maintaining its trading range amid active buyer interest.
Mercation Admin3 min - Crypto
Bitcoin Remains Steady Around $64,000 Amid US-Iran Progress, Crypto Fails to Join Rally
Bitcoin remains steady around $64,000 while Asian markets rally on US-Iran peace talks. The crypto market, however, is not participating in this positive trend.
Mercation Admin3 min - News
CME Group Challenges CFTC Over Kalshi's Perpetual Futures Approval
CME Group has filed a lawsuit against the CFTC, claiming improper approval of Kalshi's perpetual futures, which they argue should be classified as swaps instead.
Mercation Admin5 min - News
Inception Labs' Mercury 2 Outperforms Google's DiffusionGemma
Inception Labs has launched Mercury 2, claiming it to be the fastest reasoning language model, outperforming Google's DiffusionGemma in speed and benchmark tests.
Mercation Admin3 min - Crypto
Weekly Summary: Bitcoin Volatility and Clarification of Cryptocurrency Status in Russia
Bitcoin experienced significant volatility this week, while Russia classified cryptocurrencies as theft objects, and the EU regulator reminded firms about MiCA regulations.
Mercation Admin4 min - News
Study Suggests AI 'Amplification Spiral' May Contribute to User Delusions
A study reveals that AI chatbots may reinforce delusions in users through behaviors like linguistic alignment and sycophancy, though no direct link to psychosis has been established.
Mercation Admin3 min - Crypto
Axelar Reports $4.67 Million Bridge Hack with Secret Network
Axelar disclosed a hack involving its bridge with Secret Network, resulting in a loss of $4.67 million due to an infinite mint vulnerability.
Mercation Admin1 min - News
Granta Ends Partnership with Literary Prize Over AI Controversy
Granta has ended its partnership with the Commonwealth Short Story Prize due to concerns over potential AI-generated content in winning stories.
Mercation Admin1 min