Shiba Inu-Based Shibarium Blockchain Expected to Go Live in August
The layer 2 network will utilize bone, treat, shib and leash tokens for applications built on the blockchain.Source
Bitcoin Mining Is a Game of Survival, Consolidation and Potential AI Diversification: Bernstein
Mining stocks have been resurgent this year due to improving sentiment from institutional ETF filings and potential revenue diversification into high-performance computing and AI, the report said.Source
Sega Rethinks GameFi Plans, COO Calls Blockchain Gaming ‘Boring’: Bloomberg
Sega earlier promised it would carefully assess play-to-earn gaming models and NFTs to make sure its efforts in the space weren’t seen as “simply money making.”Source
Binance CEO ‘CZ’ Brushes Off News of Top Executive Departures
Binance General Counsel Han Ng, Chief Strategy Officer Patrick Hillmann, and Senior Vice President for Compliance Steven Christie are among those that left the company, reportedly over its handling of DOJ investigations.Source
Kraken Co-Founder Jesse Powell Under Federal Investigation on Claims of Hacking, Cyberstalking Non-Profit
The agency searched the Los Angeles home of Jesse Powell as it probes whether he had interfered with computer accounts of the non-profit. A lawyer for Powell said he’s done “nothing wrong” and that the matter does not touch on his crypto interests.Source
Top Binance Execs Leave Company Over CZ’s Handling of DOJ Investigation: Report
Three senior officials left the exchange this week, a source told Fortune.Source
Lightning Labs Unveils Bitcoin Tools for AI
“We are in the realm of enabling use cases that weren’t previously possible,” Lightning Labs CEO Elizabeth Stark told CoinDesk.Source
Multichain Bridges Exploited for Nearly $130M Across Fantom, Moonriver and Dogechain
Multichain’s bridges for Fantom, Dogechain and Moonriver are seeing major unexplained outflows.Source
Tom Brady’s NFT Startup Autograph Shifts Strategy Amid Struggles: NYT
Autograph is now shifting to a broader focus on helping celebs foster loyalty with their fans and has removed some crypto language from its marketing.Source