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Google announced earlier this week that it was building a new data center in Minnesota that would be powered by a mix of wind, solar, and a very unique battery built by startup Form Energy that’s capable of discharging for days on end. Now we know the price tag for that feat of electrochemical engineering: about $1 billion, according to The Information. Form Energy’s massive iron-air battery is capable of delivering a continuous 300 megawatts of electricity over 100 hours. It works by breathing, in a sense — oxygen pumped into the cells rusts iron, which releases electrons. The battery…

XRP Ledger Foundation has confirmed it has patched a critical vulnerability found in an yet-to-be-enabled amendment of Ripple’s XRP Ledger, averting a potentially major exploit. On February 19, a security engineer at cybersecurity firm Cantina, Pranamya Keshkamat, and the Cantina AI security bot identified a “critical logic flaw” in the signature-validation logic of Ripple’s blockchain, XRP Ledger, reported the XRP Ledger Foundation on Thursday. The vulnerability in the signature validation code batch amendment would have allowed an attacker to execute transactions from victim accounts, including draining funds, without ever having the victim’s private keys. “The amendment was in its voting phase and had…

Can you insider-trade on an investigation into your own insider trading? Polymarket just turned that question from philosophical to practical.Blockchain sleuth ZachXBT published findings Thursday morning naming Axiom, a crypto trading platform, as the company whose employees he believed had used non-public information to place profitable trades.The investigation had been teased for days, and Polymarket had created a contract allowing users to bet on which company would be named, pulling in roughly $40 million in volume since Monday.The problem is that someone clearly knew the answer before it dropped.Lookonchain identified 12 wallets that bet heavily on Axiom before the reveal,…

Fintech company Block is shrinking back toward its pre-pandemic size, cutting staff to about 6,000 from a Covid-era peak of over 10,000, compared with just 3,800 in 2019. CEO Jack Dorsey says AI allows smaller teams to move faster. While that’s certainly true, the reset may reflect a tougher reality: stablecoin rails are likely beginning to compress the card-based fees that fueled the company’s expansion.Block built its business on a payments system that charges merchants a percentage of every swipe. Stablecoins threaten to turn that percentage into pennies, shrinking the economic pie that acquirers and card-linked fintechs divide. That shift,…

On-chain analytics platform Nansen is establishing an operational presence in Bhutan’s Gelephu Mindfulness City (GMC). The move marks another step in the small Himalayan kingdom’s push to build a sovereign digital asset ecosystem.More broadly, the deal underscores Bhutan’s accelerating ambition to build a sovereign-backed digital asset jurisdiction from the ground up. For Nansen, it is a bet that the next wave of growth will come from exactly that kind of ecosystem.Not a RelocationUnder the collaboration announced Tuesday, Nansen plans to incorporate a local entity in GMC and hire a Bhutan-based team. In addition, the company will develop on-the-ground analytics capabilities…

On-chain data shows the Bitcoin short-term holders continue to capitulate as they are realizing net losses of $0.48 billion every day. Bitcoin Short-Term Holder Net Realized Profit/Loss Is Notably Red According to data from on-chain analytics firm Glassnode, the Net Realized Profit/Loss has been negative for the Bitcoin short-term holders recently. This indicator measures, as its name suggests, the net amount of profit or loss that BTC investors are harvesting through their selling. The version of the metric that’s of relevance here specifically tracks this for the short-term holders (STHs), a BTC investor cohort that includes only buyers from the…

A $7.8 trillion cash pile sits in US money market funds, earning, rolling, waiting. The Federal Reserve began this easing cycle on Sept 18, 2024, and it’s now been 522 days since that first cut.Looking at historical market movements, we’re entering a window whereby funds have typically started to rotate back into riskier assets. Bitcoin analyst Matthew Hyland made exactly this claim on X over the weekend.Historically around 500-1000 days after the FED begins rate cuts the liquidity begins to leave the money market funds and flow out into the markets.The calendar supports the setup, but the incentives will decide…

Polygon price rose about 5% in the past 24 hours. The token continues to hold above $0.10. A surge in transactions, stablecoin adoption and POL burning is helping price gains. Polygon (POL), formerly MATIC, has stabilized above the $0.10 support level despite ongoing market volatility. As macroeconomic and geopolitical headwinds pressure Bitcoin and Ethereum prices lower, POL is showing great resilience. The token has gained in the past 24 hours and trends among top performers on the day, outpacing several of its layer 2 peers. Can bulls reclaim key levels and push higher despite overall market weakness? Why is Polygon…

In brief The Fed has launched a 60-day comment period to permanently remove “reputational risk” from bank supervision. Lawmakers and crypto advocates say the move curbs informal regulatory pressure on banks serving digital asset firms. Policy experts say legislation is still needed to set clear, durable rules for crypto banking access. The Federal Reserve has opened a two-month comment period on a proposal to permanently codify the removal of “reputational risk” from its bank supervision rules, the most binding step yet in a sweeping regulatory rollback that crypto advocates say puts Operation Choke Point 2.0 to bed.The move follows a…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The crypto market has started the week under pressure as macroeconomic uncertainty and trade tensions unsettled investors, briefly pushing Bitcoin below $65,000 and driving a surge in online panic signals. The latest decline has closely followed global economic headlines rather than crypto-specific factors. On Feb. 23, Bitcoin dropped to nearly $64,400 within hours, dragging major altcoins lower and wiping billions from total market value. The move coincided with escalating tariff concerns after U.S. President Donald Trump announced an increase in global import tariffs to 15%, amplifying fears…