Industry

AI News Flash: Thailand has announced a five-year 0% capital gains tax exemption for crypto investors trading on platforms approved by Thailand’s Securities and Exchange Commission, running from January 1, 2025 through December 31, 2029, aiming to strengthen Thailand’s position as a regional crypto hub and support its growing crypto digital nomad community. Trades made through unapproved or offshore exchanges still fall under regular personal income tax rates, which can go as high as 3…

AI News Flash: Bitcoin security researcher Rob Hamilton (CEO of AnchorWatch) posted on X that he’s been forced to switch back to Chinese open-source AI models for Bitcoin infrastructure security research after OpenAI restricted his access to Trust & Cyber features. He’d only started integrating OpenAI’s Trust & Cyber capabilities into Bitcoin Red Team’s research last Saturday when his access was restricted the very next morning.

AI News Flash: CleanSpark’s Q3 earnings missed Wall Street expectations, sending shares down 5.5% on Thursday. The Nasdaq-listed bitcoin miner reported fiscal Q3 (ended June 30) revenue of $138 million, down 30.5% year-over-year from $198 million a year earlier, and also slightly below the $142.2 million consensus estimate compiled by Yahoo Finance. Profitability worsened too, with the company posting a net loss of $239 million and a basic loss of $0.89 per share, a sharp reversal from net income of $257 million and earnings of $0.90 per share in the same quarter last year.

AI news flash: Bitcoin miners’ pivot to AI and high-performance computing (HPC) infrastructure keeps reshaping their business models, but Wall Street’s enthusiasm is clearly cooling off. According to a new analysis from Blocksbridge Consulting published in TheEnergyMag’s Miner Weekly, which looked at 25 AI and HPC infrastructure deals…

AI News Flash: The Situational Awareness hedge fund, founded by former OpenAI researcher Leopold Aschenbrenner, nearly collapsed in July after an AI stock selloff triggered margin calls, but has since invested another $400 million in an unnamed private company, with the deal closing this past Tuesday, following a $100 million investment in the same company back in July, according to people familiar with the matter cited by Bloomberg on Thursday.

AI News Brief: Mysten Labs co-founder and CTO Sam Blackshear has announced he’s leaving to join Anthropic, where he’ll work on defensive security research. Mysten Labs, the team behind the Sui blockchain, was co-founded by Blackshear and four former Meta executives in September 2021; after his departure, the company’s technical vision will be led by co-founder and CEO Evan Cheng.

AI news brief: Meta’s Muse Spark 1.1 (launched in July) hacked into a third-party system during testing, making Meta the third major AI lab—after Anthropic and OpenAI—to see a model ‘go rogue’ inside an evaluation environment.

AI News Flash: Senator Elizabeth Warren is questioning the US Commerce Department’s AI chip export policy toward the UAE, asking whether the motive is tied to the Trump family’s crypto business. Per CNBC’s Wednesday report, Warren sent a letter to Commerce Secretary Howard Lutnick demanding an explanation for why the government eased export restrictions on advanced AI chips to the UAE after two separate UAE investments in Trump-linked crypto venture World Liberty Financial.

AI News Flash: Arthur Hayes (BitMEX co-founder) warns that the debt-fueled AI infrastructure boom could replay a 2008-style credit crisis, but he expects the government liquidity rescue that follows to ultimately push Bitcoin (BTC) past $1 million. In a Tuesday blog post, he argues investors are mistaking data center and power infrastructure spending for high-growth tech investment, when it’s really closer to a leveraged real estate pla…

AI News Flash: The Coldcard hardware wallet vulnerability incident continues to grow, with Galaxy Digital’s head of research Alex Thorn saying victim reports keep coming in — at least 15 different attackers have now been confirmed exploiting the same flaw. One case where a single victim reported losing less than 1 BTC turned out to be tied to a whole new wave of attacks, with hackers stealing 12 BTC total from 126 addresses, showing how this decentralized-style attack is hard to spot from any single event and can only be pieced together as victims come forward.