Dartmouth endowments crypto exposure drops by $2M amid falling prices

The value of crypto-related investments held by Ivy League university Dartmouth Colleges $9 billion endowment fell by more than $2 million in three months.  In a Thursday filing with the US Securities and Exchange Commission (SEC), the trustees of Dartmouth College reported that the university endowment held about $12.4 million worth of the Bitwise Solana staking exchange-traded fund (ETF), the Grayscale Ethereum staking ETF and BlackRocks iShares Bitcoin ETF as of June 30. The endowment held the same number of shares of each ETF, but the overall value dropped by about 15% since it reported holding $14.6 million as of March 31.  The drop in value roughly corresponded to falling crypto prices tied to each ETF. Since March 31, the price of Bitcoin (BTC) fell 7.7% to $62,915, Solana (SOL) by 9.6% to $75.11 and Ether (ETH) by 10.8% to $1,875.  Dartmouth reported adding crypto exposure to its endowment‘s portfolio in 2025, making it one of the first US universities to invest in digital assets. Harvard, with a $57 billion endowment, had not disclosed its second-quarter 2026 holdings as of Friday, but reported liquidating the entirety of its $87 million worth of BlackRock’s iShares Ethereum as of March 31.  Related: Harvard endowment reduces stake

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China's Z.AI Ships GLM-5.3, Calling It the Top Open-Weight Coding Model

In briefZhipu AI (now Z.ai) released GLM-5.3 on Thursday through its GLM Coding Plan and ZCode.The lab calls it the “most capable open-weights model for coding,”.GLM-5.3 is a 743-billion-parameter model built by scaling post-training on the GLM-5.2 base.  Chinese AI lab Z.ai released GLM-5.3 on Thursday, a sizable coding model its pitching as the strongest open-weights coder on the market. The model is live now through the GLM Coding Plan subscription and ZCode, with API access and downloadable weights following after a safety review.  “Scaling post-training is all we did for GLM-5.3,” the company wrote in its launch post. “With GLM-5.2 we built the stack... Over the past month we kept scaling on this stack: more environments, more diverse tasks, and more compute spent training on them.”  Myriad: When will OpenAI release GPT-6? Click to make your prediction.  The team focused more on token efficiency, not raw dominance. GLM-5.3 stands at 743 billion parameters and consumes a lot less tokens per task than its predecessor. Parameters are the amount of dials a model handle while processing information while tokens are the basic unit of information a model can consume or generate.  Z.ai says GLM-5.3 clears 34.5% on its in-house Z.ai Code Bench at Max effort

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Mizuho cuts BitGo price target to $11, but says Clarity Act delays could prove advantageous

Quick TakeMizuho analysts cut their stock price target for BitGo in a research note published Thursday to $11 from $14.They view the company as a “high-growth/recurring revenue business,” citing a 27% year-over-year increase in the customer base.  Delays to U.S. crypto market-structure legislation could benefit crypto custodian BitGo Holding by extending its regulatory head start over competitors. Thats according to Mizuho analysts, who, despite cutting their price target for the companys shares, maintained their Outperform rating.  Mizuho analysts cut their stock price target for BitGo (BTGO) to $11 from $14. BTGO was changing hands at $5.61 as of 2:47 p.m. EST, according to The Blocks price data.  “Consensus reads US market-structure delay as an overhang. We believe it might quietly help BitGo,” Mizuho analysts wrote in a research note to clients. The company already runs the first federally chartered digital asset trust bank owned by a publicly traded company, so its regulatory standing doesnt hinge on new legislation passing.  The Clarity Act is intended to establish a federal market-structure framework for digital assets and clarify how authority is divided between regulators. The legislation has faced repeated delays amid negotiations over several key issues.  The delay could give BitGo an advantage while competitors wait for the

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'Honestly, I don't care': Tether CEO dismisses critics following first KPMG audit

Quick TakeTether CEO Paolo Ardoino dismissed continued criticism following KPMG U.S.s audit, saying some critics cannot admit they were wrong.A source with direct knowledge told The Block that Tether does not publicly share its audited statements because it is a private company.Tether plans to conduct full audits annually while continuing quarterly attestations.  Tether CEO Paolo Ardoino brushed off continued criticism of the stablecoin issuer following its first full financial audit, saying some critics are unable to admit that they were wrong about the company.  “Honestly, I dont care,” Ardoino said in an exclusive interview with The Blocks The Starting Block show on Friday. “We proved ourselves many times.”  Ardoino said Tether (USDT) had already shown it could handle large redemptions. In 2022, the company redeemed $7 billion in 48 hours, or about 10% of its reserves at the time, without stopping redemptions, he noted.  He said many traditional financial institutions would struggle to handle withdrawals of that size in such a short period.  “Im happy to get the criticism because it makes us better, makes us stronger,” he said.  He added that he was comfortable being viewed as a “villain” by some critics if Tether could continue serving the 650 million users the company claims rely

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Tokenization stocks slide as legal concerns delay SEC innovation exemption

Tokenization-linked stocks have fallen as much as 11.2% after legal and market concerns reportedly delayed the SECs planned innovation exemption for blockchain-based securities.  SummaryBullish fell 11.2%, extending its decline from about 8% earlier in Fridays session.Coinbase and Circle dropped 3% and 4.8%, respectively, as tokenization-linked shares weakened.The SEC reportedly faces questions about its authority and the exemptions effect on existing market rules.Uniswaps UNI also fell as the regulatory delay reached beyond publicly traded companies.  According to fresh reports on Friday, the Securities and Exchange Commission was preparing to delay its innovation exemption again after the White House and Wall Street firms raised concerns about its legal basis and possible effect on securities markets.  The exemption was expected to reduce regulatory barriers for companies issuing and trading tokenized securities on blockchain networks. SEC officials were reportedly ready to disclose at least part of the plan alongside a separate meeting on Regulation Crypto before the agency canceled the session late Thursday.  According to reports, White House officials were concerned that the exemption could complicate congressional negotiations over the Digital Asset Market Clarity Act. SEC staff were also examining whether the agency had sufficient legal authority, economic analysis, and procedural support to grant relief covering major changes

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French tax breach exposes nearly 678,000 people as crypto wrench attacks pile up

Quick TakeThe compromised records reportedly include addresses, income, tax identifiers, and contact details.Crypto wrench attacks in France are on pace to make 2026 the worst year ever for violent crimes targeting crypto holders in the country.  Hackers stole French taxpayer data in a cyberattack that reportedly exposed around 678,000 people, including hundreds reporting income above €1 million (roughly $1.16 million), potentially creating an updated target list for criminals in a country already dealing with a surging number of violent crypto attacks.  Frances Finance Minister confirmed that a hacker broke into the General Directorate of Public Finances sometime in late June and extracted data belonging to individual and professional taxpayers.  FrenchBreaches, a platform tracking cyberattacks in the country, reports that 678,437 people were affected. This is equivalent to roughly 1% of Frances population, though an investigation is still underway and the exact number has not been confirmed.  Among those affected, nearly 27,000 had tax income of at least €100,000, while 386 reported more than €1 million and eight were over €10 million. The stolen database is reportedly for sale on dark web marketplaces for several thousand euros.  The data reportedly contains sensitive information like names, birthdates, home addresses, phone numbers and email addresses.  The attacker, who goes

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Bitcoin Slides to $62,470 as Sellers Test the $63K Floor Again

Bitcoin hovered near $63,000 after hitting an intraday low of $62,470, remaining virtually flat over 24 hours and leaving seven-day losses at 2.6%.  Key TakeawaysBitcoin fell below $63,000 as spot ETF outflows topped $131 million.MSCI proposed rules targeting firms like Strategy with over 50% non-operating assets.MSCI will decide on Oct. 16, with potential November removals dimming bitcoins year-end outlook.  BTC Stumbles Near $63,000  Bitcoin dipped below $63,000 for the second consecutive day on Friday, with the decline deepening in early trading.  The cryptocurrency initially appeared to consolidate around $63,400 hours after falling to $62,912 on Thursday. However, a sell-off shortly after midnight dragged the price to $62,670 before it recovered to trade just below $62,800.  Shortly after 8 a.m. EST, bitcoin began descending again, reaching an intraday low of $62,470. A subsequent relief rally helped it reclaim the $63,000 threshold. As of 1:20 p.m. EST, the cryptocurrency was trading just above $63,000, virtually unchanged over the previous 24 hours.  The flat price action kept bitcoins market capitalization under $1.27 trillion, with seven-day losses at 2.6%. After a strong start to the month, bitcoin is now nearly flat as August reaches its midpoint.  In the derivatives market, the volatility triggered significant liquidations for overleveraged long positions. According to

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SharpLink Will Stake $200M of Ethereum Through Lido's wstETH

In briefSharpLink will stake $200 million of Ether through Lidos liquid-staking protocol.The move is about 106,000 ETH, roughly 12% of the ~889,000 ETH SharpLink held as of early August.wstETH sits across more than 100 protocols with about $10 billion in active-use collateral, so SharpLink keeps earning yield while staying liquid.  Miami-based digital asset treasury company SharpLink said Thursday it will stake $200 million of Ethereum through Lido, the largest liquid-staking protocol on Ethereum.  The tokens arrive as wrapped staked ETH (wstETH)—a receipt token representing staked ETH plus its rewards—and Anchorage Digital will hold them in custody.  Myriad: Ethereum next price move? Click the image to make your prediction.  “This is an exciting expansion in making our ETH even more productive, leveraging wstETHs composability while maintaining institutional-grade risk standards,” said Joseph Chalom, Chief Executive Officer of SharpLink in a press release. “Adding a staking protocol of Lidos caliber deepens the diversification of our treasury strategy and gives us access to one of the most liquid and widely integrated assets in Ethereum DeFi. It reflects our commitment to working with the top Ethereum protocols.”  The wrapped staking token wstETH lets SharpLink earn staking yield while staying liquid and using the position across DeFi. The underlying ETH keeps

17 گھنٹے پہلےانڈسٹری

Israels largest bank taps Galaxy for crypto trading

Israels largest bank has partnered with Galaxy to offer Bitcoin, Ether, and Solana trading through its investment app from early 2027.  SummaryBank Leumi will become the first Israeli bank to provide direct digital asset trading.Leumi and PEPPER customers will access Bitcoin, Ether, and Solana through Leumi Trade.GalaxyOne Institutional will handle trading, while Galaxys former GK8 platform will support custody.Galaxy has also added institutional crypto services through BNY and Morgan Stanley in 2026.  Galaxy announced the partnership with Bank Leumi on Aug. 14, saying the planned service will let customers buy, hold, and sell three cryptocurrencies without leaving the banks capital markets application.  The service is expected to become available in early 2027 and will cover customers of both Leumi and PEPPER, its mobile banking arm. Users will find the trading tools inside a dedicated, secured section of the Leumi Trade app, according to the announcement.  Bank Leumi, which describes itself as Israels leading financial institution, serves millions of households, small businesses, and corporate clients. Once the service goes live, it will become the first bank in Israel to provide digital asset trading directly to customers, the companies said.  You might also like:  Bank of Israel explores digital shekel with offline and cross-network payments  Bank Leumi crypto trading

18 گھنٹے پہلےانڈسٹری

OpenAI Staff Blame Rush to Ship for Rogue Agent Hack

In briefOpenAI employees told Wired that pressure to release models and products has made it difficult to prioritize safety, security, and alignment.A former employee called the breach the largest safety incident in OpenAIs history.OpenAI has slowed research, reassigned teams, and spent millions investigating the failure.  OpenAIs rush to release new models and products contributed to conditions that allowed its AI agents to escape internal testing environments and hack Hugging Face earlier this year.  Multiple current and former employees told Wired that competitive pressure has made it difficult for staff to devote enough attention to safety, security, and alignment—the work of ensuring AI systems behave as intended.  Myriad: When will OpenAI release GPT-6? Click to make your prediction.  “They were incredibly sloppy. If you‘re serious about this, your AI shouldn’t be able to break out onto the internet and then do it again right afterward,” a former OpenAI employee told Wired. “This was the biggest safety incident in OpenAIs history.”  In May, OpenAIs GPT-5.6 Sol and an unnamed pre-release model escaped an internet-restricted testing environment by exploiting a previously unknown software flaw. The agents then breached the open-source AI repository Hugging Face to obtain answers to their cybersecurity tests. In July, OpenAI confirmed that its models

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