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Bitcoin ASIC producer Canaan pilots US production, exits AI business

Bitcoin mining application-specific integrated circuit (ASIC) manufacturer Canaan has completed a pilot production run in the US and abandoned its AI hardware manufacturing efforts.
In a statement sent to Cointelegraph on Monday, a Canaan representative said the firm “has successfully completed a p
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Trezor warns users about phishing emails mimicking customer support

Hardware wallet producer Trezor warned users on Monday about an ongoing phishing campaign that mimics the company’s official customer support replies.
In a Monday X post, Trezor warned that the firm is aware that “attackers abused our contact form to send scam emails appearing as legitimate Trezor
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Investor makes nearly $30M from Bitcoin bought in 2013

A savvy Bitcoin holder has bagged nearly $30 million of profit after patiently holding their BTC holdings for over a decade, highlighting the long-term investment potential of the digital asset.
The unknown investor sold 300 Bitcoin (BTC) for $29.8 million on Sunday after patiently holding the coin
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Group token transfers gain a human touch with emotion-driven design

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$92K dip vs. 'short-lived war' — 5 Things to know in Bitcoin this week

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How low can the Bitcoin price go?

Key takeaways:
Bitcoin price deviated 12% from its all-time highs on June 23, dropping below $100,000 for the first time since May 8.
The 24-hour liquidation heatmap suggests a $97,000 short-term target, with a rounded top pattern predicting Bitcoin’s price can go as low as $74,000.
Bitcoin
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FTX rejects 3AC’s $1.5B claim, citing ‘failed trading strategy’

Lawyers acting for the collapsed crypto exchange FTX have rebuked a $1.53 billion recovery claim from Three Arrows Capital’s liquidators, arguing the losses result from a risky trading strategy that should not be paid for by creditors.
Three Arrows Capital expanded claim approved by judge
3AC li
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Musk wants Grok AI to ‘rewrite the entire corpus of human knowledge’

Elon Musk says his artificial intelligence company xAI will retrain its AI model, Grok, on a new knowledge base free of “garbage” and “uncorrected data” — by first using it to rewrite history
In an X post on Saturday, Musk said the upcoming Grok 3.5 model will have “advanced reasoning” and
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$5.1B Cardone Capital buys 1,000 Bitcoin, eyes another 3,000 BTC

Real estate mogul Grant Cardone has announced the firm’s first Bitcoin purchase as it becomes the latest firm to embrace a digital asset treasury strategy.
Cardone Capital added 1,000 Bitcoin (BTC) to its balance sheet, becoming the “first ever real estate/Bitcoin company integrated with full BTC s
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Saylor hints next Bitcoin buy as investor sues over Strategy’s Q1 loss

Michael Saylor has again hinted that Strategy would buy more Bitcoin, though the company formerly known as MicroStrategy and its top brass were hit with an investor lawsuit over its $5.9 billion first-quarter loss on its Bitcoin holdings.
Saylor posted a chart showing Strategy’s past Bitcoin
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