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  • Why Did Bitcoin’s Price Remain Resilient and Not Fall Despite the Recent Major Hack? Here’s the Secret

    Why Did Bitcoin’s Price Remain Resilient and Not Fall Despite the Recent Major Hack? Here’s the Secret

    In an interview broadcast on “The Wolf Of All Streets,” a well-known channel in the sector, the institutional transformation that the cryptocurrency market has undergone and the price dynamics of Bitcoin were discussed in detail.

    The program, moderated by Andrew Parish, featured Bitwise Chief Investment Officer (CIO) Matt Hougan, Bitwise Research Analyst Ryan Rasmussen, and Arch Public CEO Tillman Holloway. The broadcast discussed the reasons behind Bitcoin’s lack of reaction to the $100 million security breach in the individual cold wallet ecosystem, and how Wall Street dominates the sector.

    At the program’s opening, Andrew Parish questioned why the $100 million cold wallet vulnerability didn’t cause any market crash, noting that a similar incident a few years ago could have caused sharp drops of 10% to 20%.

    Commenting on the situation, Bitwise Research Analyst Ryan Rasmussen stated that the market has clearly matured from individual Bitcoin holders to institutional investors. Rasmussen said that the vast majority of new investors are entering the market through spot ETFs or licensed and regulated custody services such as Coinbase and Anchorage. Therefore, he added, vulnerabilities focused on individual cold wallets affect only a very small fraction of the total market participants and do not create widespread panic.

    Related News Jim Cramer Announced That He Will Sell All of His Bitcoin

    Matt Hougan, Investment Director at Bitwise, stated that the market has become resilient to negative news in the current cycle. Hougan noted that sellers have been exhausted and the remaining investor profile is exhibiting an unwavering stance, adding that the presence of institutional capital is reducing the pressure of bad news on prices.

    Arch Public CEO Tillman Holloway stated that a “changing of the guard” is taking place in the cryptocurrency sector. Recalling that in the past, price movements were driven by miners and individual crypto exchanges, Holloway said that today, control has completely passed to Wall Street and institutional capital.

    Commenting on market expectations, Matt Hougan argued that there is a huge gap between the pessimistic atmosphere on social media and the approach of Wall Street financial giants. He noted that giant institutions like Morgan Stanley, Wells Fargo, and UBS operate with long-term, 10-year strategies, and that the traditional financial world views the current price pullbacks not as a collapse, but as a normal buying opportunity within a four-year cycle.

    Ryan Rasmussen reported that portfolio managers with decades of experience are beginning to include crypto assets in their portfolios, similar to past technology revolutions. Rasmussen stated that research teams at major banks are recommending Bitcoin allocations of between 1% and 6% to their clients, and that the risk factor has decreased at the career and institutional level as the asset has become integrated into traditional financial indices.

    *This is not investment advice.

  • Rubio: Progress made to reopen Strait of Hormuz

    Rubio: Progress made to reopen Strait of Hormuz

    NewsFeed

    Marco Rubio, US Secretary of State, said there has been progress in negotiations to reopen the Strait of Hormuz. The update was provided during a meeting with Paraguayan Foreign Minister Rubén Ramírez Lezcano to sign a Memorandum of Understanding on nuclear cooperation.

  • Gotham Week Sets 2026 Programming Lineup (Exclusive)

    Gotham Week Sets 2026 Programming Lineup (Exclusive)

    The 2026 Gotham Week programming lineup is set.

    This year’s event includes the annual Project Market, the U.S.’ oldest and largest curated marketplace for film and TV creators, presented as a meetings-driven forum with 80 narrative and documentary projects in the works.

    Notable works in the Project Market this year include features from Reservation Dogs alum Kawennáhere Devery Jacobs‘ (High Steel) and the Liz Cardenas (A Ghost Story)-produced The Curse of Silver, which has Lily Gladstone attached to star, and documentaries executive produced by The Perfect Neighbor helmer Geeta Gandbhir (Taxi Driver and two others), Katie Couric (Zoe Potkin’s Daddy’s Girls), Julianna Margulies (Emily Harrold’s Sister Senators from Oscar-winning producer Robin Hessman) and Rachel Maddow (Nancy Kates’ An Everyday Riot). The Project Market also includes a shorts to features section with feature versions of short films produced by Lin-Manuel Miranda (Joel Perez’s Villa Encanto) and Sam Rockwell with Ramy‘s Laith Nakli (Julian Joslin’s Otherwise Innocent) and one executive produced by Bob Odenkirk and Jane Schoenbrun (She’s Nonbinary). There’s also a Global Producers Hub section in partnership with NFVF South Africa, Telefilm Canada, EAVE, French in Motion and Red Sea International Film Festival, along with projects from producers in Cannes and Rotterdam programs.

    The full list of the projects and filmmakers in this year’s Project Market is available here.

    “The Gotham Week Project Market has long been a longstanding launching pad for outstanding film and media creators,” The Gotham managing director Kia Brooks said of the 2026 Project Market. “This year’s cohort showcases an exciting range of genres, distinctive creative voices and filmmakers from a variety of backgrounds, all united by compelling, ambitious work. We’re proud to bring this group together with the industry decision-makers who can advance these projects to the next stage and support the filmmakers as they build lasting careers.”

    Recent Project Market alumni include Sean Wang’s Dìdi (弟弟) (Focus Features), Raven Jackson’s All Dirt Roads Taste of Salt (A24), Erica Tremblay’s Fancy Dance (Apple TV+), Laurel Parmet’s The Starling Girl (Bleecker Street), Michael Dweck & Gregory Kershaw’s The Truffle Hunters (Sony Pictures Classics), Julia Reichert and Steven Bognar’s American Factory (Netflix) and Barry Jenkins’ Moonlight (A24).

    In addition to the long-running film and TV project market showcase, this year’s event includes Gotham Week Honors (set for Wednesday Sept. 30), a full day of artist and industry conversations presented by Filmmaker Magazine, opportunities for the Gotham Edu community including screening winning short films from the past two years’ editions and the Gotham Week Expo, which will bring together partners from the Gotham’s expanding communities initiative to provide both leadership on topics relevant to film and media creators and resources for nonprofits as well as a day of connections between nonprofit partners, colleges, universities and film offices.

    The 2026 edition of Gotham Week is set to run from Sept. 27-Oct. 3.

  • Stop Deleting Photos To Free Up Space When 1TB of Storage Is Only $160 for Life

    Stop Deleting Photos To Free Up Space When 1TB of Storage Is Only $160 for Life

    TL;DR: A Koofr 1TB lifetime cloud storage plan is $159.99 with code KOOFR (MSRP $810) through August 5—storage that never needs to be renewed or expires.

    A phone fills up faster than most people expect, and the usual fix is deleting things you’d rather keep. Koofr’s 1TB Lifetime Plan gives that media somewhere permanent to live instead.

    1TB covers roughly 250,000 photos, 500 hours of video, or millions of documents, more than enough room to digitize old media and offload what’s sitting on a device unnecessarily. Old photo libraries, home videos, scanned documents, all of it can move off a phone or laptop and into an encrypted storage space.

    Connects to the Places You’re Already Storing Stuff


    Koofr also connects directly to Google Drive, Dropbox, and OneDrive, so files can be moved and managed across platforms without having to download and re-upload everything by hand. A built-in duplicate finder automatically clears out redundant copies, which matters more once a decade of camera roll backups start piling up in one place.

    Everything is encrypted and accessible from any device, so the archive remains accessible without being local. It’s a single purchase that replaces years of monthly cloud bills and gives cluttered phones and laptops somewhere to offload to.

    Reviews and Accolades

    It’s not just us saying Koofr is worth it. The service is sitting at 4.6/5 on G2, GetApp, and Capterra, plus 4.3/5 on Trustpilot and 4.0/5 on TechRadar, and the 608 people who’ve actually bought this lifetime plan rate it 4.8/5.

    “In a world full of subscription models, I appreciate having this as an option to backup my photos,” one buyer, Brandon Nguyen, wrote, adding that the duplicate file finder is a nice touch for keeping storage in check.

    Recommended by Our Editors

    Another reviewer, Wan Marco, kept it simple: “great storage, good speed and sync logic, worth the money.”

    Get 1TB of Koofr cloud storage for $159.99 with code KOOFR at checkout, MSRP $810, before the offer ends August 5 at 11:59 p.m.

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    About Our Expert

  • Fashion Keeps Debating John Galliano. It’s Ignoring Its Jewish History.

    Fashion Keeps Debating John Galliano. It’s Ignoring Its Jewish History.

    When the Metropolitan Museum of Art announced a blockbuster exhibition celebrating John Galliano, the designer whose career collapsed after a drunken antisemitic tirade in which he professed admiration for Adolf Hitler and told two café patrons their ancestors “would all have been fucking gassed,” it reignited a debate over redemption, accountability and whether fashion was embracing one of its most infamous offenders at a moment of heightened concern over antisemitism.

    For Hadley Freeman, those questions are more than academic. The London-based author, Sunday Times columnist and former fashion reporter grew up hearing stories of her great-uncle Alex Maguy, a Jewish couturier who hired a young Christian Dior, escaped deportation during the Holocaust and later rebuilt his career with Dior’s help. Freeman chronicles her family’s extraordinary story in her 2021 memoir House of Glass.

    Drawing on both that family history and decades covering the fashion industry, Freeman sat down with The Hollywood Reporter to explain why she believes Galliano’s rehabilitation should not be conflated with today’s rise in antisemitism, while arguing that fashion has done far too little to recognize the indispensable role Jews played in building the industry.

    Let’s start with the headline. What was your reaction when you heard the Costume Institute was mounting an exhibition devoted to John Galliano?

    I wasn’t surprised. Anna Wintour has been a big supporter of his for a long time and played a big part in helping his rehabilitation after that whole scandal. I’m not a punitive person. I don’t believe he should be drummed out of society. He has addressed what he did and seems genuinely sorry. He’s a brilliant designer who made a terrible mistake while struggling with terrible addictions. As long as it wasn’t brushed under the carpet, and I don’t think anyone can say that it was, I’m fine with him being appreciated for his work.

    You don’t see the exhibition as problematic?

    Not really. It happened a long time ago. He expressed sorrow. He lost his job at Dior. Since then he’s worked very quietly. I don’t think he needs to be driven from public life forever.

    I also don’t think the exhibition reflects the rise of antisemitism we’ve seen around the world since October 7. I see those as two separate things.

    Is there no one else worth feting? Is Galliano simply that important as a designer?

    He really is. There are other great designers, but Galliano is a unique talent. The only real equivalent from that generation was Alexander McQueen, and the Met has already done a McQueen exhibition. Galliano could have been a designer in any era. He was extraordinary.

    His life was completely derailed by what happened that night in Paris. I think he deserves to be appreciated for his talent, while also acknowledging what he did.

    You covered Galliano’s trial in France.

    I did, and it was terrible. It was also good to see how seriously France took it. Their antisemitism laws are very strong. Dior dropped him immediately even though he had been their golden child, and that was the right thing to do.

    People joke about “canceled” comedians disappearing for two years and then coming back with a world tour. That’s not what happened with Galliano. It completely changed his life. He worked anonymously at Maison Margiela. He never gave some big self-pitying interview. He stayed behind the scenes and focused on the work.

    Anna Wintour was one of the people who early on supported his return. Was that troubling?

    At the time I did think people rushed too quickly to defend him, not just Anna but others too. I think she viewed him through the lens of addiction. For me, what he said was completely shocking. Addiction can make you do many things. I don’t think it makes you become a bigot.

    But Galliano isn’t comparable to Kanye West. Kanye has made antisemitic statements repeatedly over a long period of time. Galliano seems to have had one catastrophic public episode and immediately suffered enormous consequences.

    You don’t think this is a questionable decision in light of what’s happening today regarding the global rise of antisemitism?

    No. The Galliano incident had nothing to do with Israel or the kinds of excuses some people are using today for antisemitism. It happened 15 or 16 years ago and feels separate from this moment. If a designer today were making openly antisemitic statements in the current climate, that would be a different conversation.

    One thing that struck me is that fashion owes so much to Jews, yet that history often feels overlooked.

    Absolutely. It’s actually personal for me. My great-uncle Alex was a Polish Jewish refugee who came to Paris in the 1920s. His brother became a tailor in the Marais, which is what many Eastern European Jews did. Alex wanted to become a couturier.

    He needed someone to draw his designs because he couldn’t draw, so he hired a young aspiring artist who had been disowned by his wealthy family for wanting to become an artist. That young artist was Christian Dior. They remained friends for years.

    Your family story during the war is remarkable.

    Alex and his brother were deported. His brother was murdered. Alex escaped from the deportation train. When I was researching my book, I discovered the records proving he had boarded the train but never arrived at Auschwitz. I tracked down the French family that hid him during the war, and their daughter showed me the attic where he and his boyfriend, another Jewish designer, survived in hiding.

    Growing up, Alex always simply said he had escaped from the train. He never mentioned the boyfriend or the attic. I never really believed the story until I found the documentation.

    And Christian Dior remained loyal to him after the war?

    Yes. During the occupation Dior was working for Lucien Lelong, like many designers who remained in Paris, making clothes for the wives of Nazi and Vichy officials because those were essentially the only clients left. After the war, when my great-uncle returned, everything he owned had been taken. Christian Dior helped him rebuild his career.

    What’s fascinating is that Dior’s own family reflected France’s contradictions. His sister Catherine was a resistance hero who survived Ravensbrück, a concentration camp. But another member of the family enthusiastically supported the Nazis. France was an incredibly complicated place during the occupation.

    How should we think about Coco Chanel’s wartime record?

    I understand the pressures people were under, but Coco Chanel made choices she didn’t have to make. She had a relationship with a Nazi officer. What she did was terrible. I think there’s still a tendency to whitewash that history. There was a film about her years ago that did that, and more recently an exhibition that barely mentioned it or suggested she was somehow secretly working against the Nazis. I don’t think that’s true. We should acknowledge what happened.

    You make the point that Jews were the backbone of the industry.

    Exactly. A lot of Eastern European Jewish refugees arrived in France after the pogroms and worked as tailors and seamstresses for the couture houses. Many settled in the Marais, which was the Jewish neighborhood of Paris. Those artisans were essential to the industry, but during the occupation they were also among the first people Vichy targeted for deportation. They were the first to be sent to the camps before the authorities turned to French Jews. It’s an industry that has always relied on Jewish skill to a certain extent, but it hasn’t necessarily acknowledged that history. 

    Even today you have figures like Ralph Lauren, whose story I find fascinating. Here’s a Jewish kid from Brooklyn who creates this idealized vision of American WASP life and then sells it back to America. It’s similar to what Jewish founders did in Hollywood. They created an image of America that they themselves had largely been excluded from.

    That sounds very much like Neal Gabler’s thesis in An Empire of Their Own.

    Exactly. It’s one of my favorite books. You can make the same comparison with Hollywood, with Condé Nast under Si Newhouse, and with Ralph Lauren. It’s a fascinating tradition of outsiders creating the culture they were excluded from.

    The Academy Museum recently expanded its recognition of Jewish founders after criticism. Should fashion do something similar?

    I would love to see that. Some of the most important figures in 20th Century fashion were Jewish, from designers to editors to department store pioneers. Jewish immigrants played an enormous role in building the industry.

    The Costume Institute recently mounted an exhibition about Black style. I’d love to see one devoted to the history of Jews in fashion because it’s every bit as rich and important. While I don’t think Galliano should be driven from public life forever, I do think museums could do a much better job acknowledging the role Jews have played in creating the fashion industry itself.

  • ‘Monster: The Lizzie Borden Story’ Unveils First Look, Sets Netflix Release Date

    ‘Monster: The Lizzie Borden Story’ Unveils First Look, Sets Netflix Release Date

    Netflix‘s Monster anthology is returning this fall with its first female “monster.”

    The streamer has released the first look photos (below) and premiere date for season four of its Emmy-winning anthology series, which stars Ella Beatty (Feud: Capote vs. The Swans, If I Had Legs I’d Kick You) as Lizzie Borden. All eight episodes premiere Sept. 17 on Netflix.

    Beatty stars as the accused axe murderer who was tried and acquitted in the 1892 killings of her father and stepmother in Fall River, Massachusetts. The case has inspired several retellings over the years, including the 1975 TV movie The Legend of Lizzie Borden, Lifetime’s 2014 Lizzie Borden Took an Ax and 2018’s Lizzie starring Chloë Sevigny and Kristen Stewart.

    Vicky Krieps stars as Bridget Sullivan, Rebecca Hall plays Abby Borden and Charlie Hunnam portrays Andrew Borden. Billie Lourd, Joey Pollari, Sarah Paulson and Jessica Barden round out the cast.

    Here’s the official logline: “When the repressed daughter of a wealthy New England family and her rebellious maid find themselves trapped in a house built on humiliation and cruelty, they escape into a fantasy of sex, power and revenge. The gruesome unsolved murders that follow don’t just shock the world — they give birth to an icon who refuses to live imprisoned in a cage, choosing instead to forge her own legend: shocking, monstrous and gloriously free.”

    Every season of Monster follows a different murderer. Season one starred Evan Peters as Jeffery Dahmer, earning him an Emmy for outstanding supporting actor in a limited or anthology series or movie. Season two followed Cooper Koch as Erik Menendez and Nicholas Alexander Chavez as Lyle Menendez, while season three starred Hunnam as Ed Gein.

    The anthology has also sparked conversations over its dramatizations of real-life crimes and victims.

    As for taking on the role of Borden, Beatty told Tudum, “I am so excited for viewers to experience our exploration of Lizzie Borden’s story and the questions that her life animates to this day. It has been a dream come true to investigate this complicated person’s psychology and to examine an American crime that feels almost mythic in proportion. This season gives us our first female Monster and delves into female rage and repression which I’ve found to feel strikingly relevant, and I cannot wait to share it with the world.”

    Ian Brennan (Monster anthology, Glee, Scream Queens) serves as creator, writer and executive producer. Max Winkler directs all eight episodes and co-directs episodes four and six with Sarah Adina Smith. Ryan Murphy, Winkler, Eric Kovtun, Scott Robertson, Louise Shore, Nissa Diederich, Todd Kubrak, Carl Franklin, Tanase Popa also executive produce.

    Oliver Spenceman as Stephen and Charlie Hunnam as Andrew Borden.

    Rebecca Hall as Abby Borden.

    Vicky Krieps as Bridget Sullivan.

  • Immersive Horror Play ‘A Ghost in Your Ear’ Sets New York Premiere From Audible Theater

    Immersive Horror Play ‘A Ghost in Your Ear’ Sets New York Premiere From Audible Theater

    Jamie Armitage‘s immersive horror show “A Ghost in Your Ear” has set its New York premiere at Audible‘s off-Broadway Minetta Lane Theatre following a sold-out London run earlier this year.

    The show will run Tuesday, Sept. 29 through Sunday, Nov. 15. “A Ghost in Your Ear” goes inside an audiobook recording session gone deadly wrong after an actor arrives late to the studio and is handed a ghost story. Audiences wear headphones “featuring groundbreaking binaural sound technology,” according to an official description, designed to be a full sensory experience. Additionally, a recording of the play will later be released globally as an Audible Original.

    “We enjoyed the most special run of the show in London earlier this year, and I cannot wait to bring it over to New York to terrify the audiences there too,” writer and director Armitage said in a statement. “And given that the whole show is set in an audiobook recording studio, a collaboration with Audible felt like the most natural fit in the world. So whether you’re watching at the Minetta Lane or listening on Audible, I hope you’re ready for a fright!”

    Jamie Armitage

    Kayt Webster-Brown

    Armitage is known for his Tony-nominated work directing “Six.” The sound team behind “A Ghost in Your Ear” include the Tony-nominated duo Ben and Max Ringham, who have previously worked on “A Doll’s House,” “Prima Facie” and “Waiting for Godot.” Anisha Fields is scenic and costume designer, Ben Jacobs works as lighting designer and Taylor Williams serves as casting director.

    Kate Navin, Audible’s head of creative development in the U.S., said in her own statement: “This is exactly the kind of boundary-pushing work Audible Theater champions: innovative in its craft, unforgettable in its impact, and designed to captivate audiences both on our stage and globally as an Audible Original.”

    The play was originally produced by HFH Productions and Playful Productions. Audible Theater recently presented “Yes to the Unknown: A Night with Gloria Steinem” and “Soundly Unstable” at its Minetta Lane venue, in addition to producing the off-Broadway musical “Mexodus.”

  • Solana Proposal Would Increase Daily SOL Burns More Than 10-Fold

    Solana Proposal Would Increase Daily SOL Burns More Than 10-Fold

    In brief

    • Solana validators are considering a proposal to increase daily SOL burns through a new fee model.
    • A companion proposal would accelerate the network’s declining inflation schedule.
    • The proposal is close to reaching the support needed to advance to a formal vote.

    Solana validators are close to advancing a governance proposal that would sharply increase the amount of SOL burned each day while reducing the rate at which new tokens enter circulation.

    If implemented, the proposal would therefore limit the network token’s inflation rate, thereby limiting supply and, in theory, could lead to an increase in the price of Solana tokens if demand remains steady or increases.

    The proposal, SGP-0003, combines two previously introduced Solana Improvement Documents into a single governance package aimed at tightening SOL’s supply. SIMD-0553 would introduce resource-based transaction fees, increasing daily SOL burns from about 650 SOL (roughly $48,000) to between 7,500 and 9,000 SOL (up to about $668,000), depending on network activity. SIMD-0550 would also double Solana’s annual disinflation rate to 30%, bringing the network’s 1.5% inflation floor forward from 2032 to 2029.

    A token burn permanently removes cryptocurrency from circulation by sending it to an unusable wallet address. By pairing larger burns with lower issuance, the proposal would reduce the growth of SOL’s circulating supply.

    The proposal is in Solana’s support phase and must secure backing from validators. As of Tuesday morning, it had support from 63 million SOL, or just over 14.4% of the network’s staked supply, leaving about 3 million SOL needed to reach the threshold of 65.16 million SOL before the Aug. 18 deadline.

    According to the Solana Validator Governance dashboard, to date, the proposal has 73 supporters, including Helius, Jupiter, Staking Facilities, Drift, OtterSec, and Solana Compass.

    The higher burn rate alone would not make SOL deflationary. Solana currently issues about 60,000 SOL per day. The companion issuance proposal is designed to reduce new supply while the fee changes increase the amount of SOL permanently removed from circulation.

    If the proposal reaches the required support threshold, it will advance to the discussion phase before a formal validator vote.

    Solana, which trades as SOL, is currently changing hands for around $74 at a $43 billion market capitalization. The native token of the Solana network is up slightly on the day, but still a considerable way off from its all-time high of $293 that it reached over a year ago.

    Traders on Myriad, a prediction market developed by Decrypt’s parent company Dastan, remain bearish on the token as of yet, placing 70% odds that SOL drops to $40 before recovering to $160.

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  • ‘New Girl’ Cast Reunion Set for Chrysalis Butterfly Ball (EXCLUSIVE)

    ‘New Girl’ Cast Reunion Set for Chrysalis Butterfly Ball (EXCLUSIVE)

    The stars of “New Girl” are set to reunite at the upcoming Chrysalis Butterfly Ball in Los Angeles.

    The cast, including Zooey Deschanel, Max Greenfield, Jake Johnson, Lamorne Morris, Hannah Simone and Damon Wayans Jr., will receive the Rising Phoenix Award at the Oct. 10 gala.

    The Rising Phoenix Award will recognize the series’ theme of starting over and people who make starting over possible.

    The reunion news comes just days after Greenfield said that an official show reunion is in the works. “As far as I know, it’s happening,” the actor said during an appearance on “Today With Jenna & Sheinelle” on July 31. “I’ve seen scripts, they’re amazing.”

    However, Greenfield now tells me, “I misread the email.

    “Or should I say, I just read the subject, which read, “New Girl” reunion.’”

    This isn’t the first time he’s done this, Greenfield admits. “I’m still a work in progress,” he says. “I can only hope this little mix-up doesn’t dim the light we’re trying to shine on such an incredible organization.”

    Greenfield returns as host of the Chrysalis event, which will also honor Banc of California chairman and CEO Jared Wolff with the Corporate Trailblazer Award.

    “This year’s honorees reflect the resilience and second chances at the heart of Chrysalis’ work,” Chrysalis president and CEO Mark Loranger said in a statement Tuesday. “Jared, through his leadership at Banc of California, has invested in Los Angeles where our clients are doing the same and ‘New Girl’ built seven seasons around characters navigating through life changes and starting over. Every year, Chrysalis helps thousands of people achieve goals they may not have thought possible, and the Butterfly Ball allows us to celebrate their accomplishments while ensuring that even more people have access to the support they need.”

    Chrysalis helps people find meaningful work and build futures they can be proud of, regardless of their past or present. Since 1984, Chrysalis has served more than 95,000 individuals at its six centers and locations throughout Southern California. In 2025, nearly 2,200 Chrysalis clients secured employment while participating in Chrysalis’ program, and nearly 1,600 worked a transitional job with the organization’s employment social enterprise.

    The 2026 Honorary Co-Chairs are Betsy Beers, Rebecca Gayheart Dane, Max Greenfield, Hayward Kaiser & Susan Harris, Chris Hart, Cynthia & Bob Hart, Rick Hess, Josh Lieberman and Amelia Williamson. 2026 sponsors include The Chuck Lorre Family Foundation, TruAmerica, and US Bank.

    Past Butterfly Ball honorees have included Betsy Beers, Common, Salma Hayek, Jennifer Hudson, Ice Cube, Donna Langley, Shawn Levy, LL Cool J, Seth MacFarlane, Ryan Murphy, Queen Latifah, Da’Vine Joy Randolph, Curtis Stone, Scott Stuber and Olivia Wilde.

  • At least 15 attackers exploited Coldcard vulnerability: Galaxy

    At least 15 attackers exploited Coldcard vulnerability: Galaxy

    At least 15 different attackers have exploited the Coldcard vulnerability, according to Galaxy Digital’s head of research, Alex Thorn, citing new victim reports received since the incident.

    Thorn said Tuesday that the victim reports helped the company label new attackers that would have gone undiscovered, as the nature of the exploit was different from a hack on a centralized exchange.

    “Due to one single victim’s report of less than 1 $BTC stolen, we identified a new attack with 12 $BTC siphoned from 126 addresses,” Thorn wrote in a Tuesday X post.

    The estimated losses from the Coldcard exploit have grown to $100 million across three confirmed attack waves, according to Galaxy Research. The company also identified a suspected fourth wave that could bring total losses to about $130 million in Bitcoin ($BTC).

    The ongoing attack reignited debate about the security of cold storage wallets and whether users are safer by holding their own Bitcoin.

    $2 worth of AI hardening could have prevented the exploit: Dragonfly partner

    Roughly “$2 of AI hardening” could have prevented the Coldcard exploit, wrote Dragonfly managing partner Haseeb Qureshi, citing social media reports that some AI models rediscovered the vulnerability that led to the attack in less than 20 minutes.

    Qureshi’s remarks came in response to multiple social media users claiming that Claude was able to regenerate the vulnerability in just eight minutes. He argued that these results may have been contaminated by web search and added that open-source AI model GLM 5.2 was able to rediscover the attack in 20 minutes with web access turned off.

    However, it is unlikely that AI models would have independently discovered this vulnerability before it was made public, crypto analytics platform Tokenomist’s data lead, Tatsapat Saerejittima, told Cointelegraph. He said:

    “The claim that AI found it in 2 mins came from a pseudonymous Reddit user who scanned the code after the vulnerability had already become public. There was no blind test, no documented methodology, and no assessment of the model’s false-positive rate.”

    Vulnerability seen in private key setup

    Crypto research company Castle Labs’ co-founder, Francesco, said that the growing capabilities of AI models are drastically reducing the cost and time it takes to discover new cryptocurrency vulnerabilities, but added that Coldcard’s private key may have played a role in the vulnerability.

    Coldcard used a “level of private key entropy (40 bits) much lower than the standard adopted by other wallets (a 12-word seed is 128 bits), a result of a firmware bug, making the job easier,” he told Cointelegraph.

    Francesco, who asked that Cointelegraph not use his last name, said he expects the cost of bug discovery to continue decreasing as AI models gain more capabilities and become more prominent in both cybersecurity and exploits.

    Magazine: Does Botanix’s failure prove Bitcoiners don’t care about DeFi?