The Cardano community has made an important call to major crypto exchange Coinbase. This follows a clarification on asset listings made by Coinbase CEO Brian Armstrong in the past week.

On Friday, the Coinbase CEO shared with the crypto community that the crypto exchange has published a “Guide to the Digital Asset Listing Process” in a bid to enlighten crypto project users. This, according to the Coinbase CEO, was necessitated by the exchange getting a ton of questions about how and why assets get listed, and in order to boost transparency, the guide was then written.

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According to the guide, applications for listings are free, merit-based and evaluated under the same standards,  with review times ranging from hours to months, depending on complexity and completeness.

Cardano community makes crucial call

Aside from Binance and Upbit, Coinbase accounts for one of the largest trading platforms for Cardano’s ADA, with the crypto exchange expanding its support for the digital asset.

In June 2025, Coinbase launched its wrapped Cardano token, cbADA, on Ethereum layer-2 network Base, enabling Cardano holders to access the DeFi ecosystem.

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While ADA is gaining ground on the Coinbase crypto exchange, the same cannot be said for native assets on the Cardano network. Since the Mary ledger upgrade, Cardano has supported multi-assets, referred to as native tokens or assets.

In line with this, Cardano focused community X account, Cardanians, makes a call to Coinbase, imploring it to start listing Cardano native assets/tokens, stating it is time the Cardano ecosystem gets the recognition it deserves.

In separate news, Cardano Founder Charles Hoskinson believes Cardano’s best days are ahead of it. “Now we have a constitution, hundreds of DReps, and a ratified budget. We’ve done all this in just one year.Imagine what we can achieve in the next 3–5 years,” the Cardano founder stated.

Ethereum co-creator and its frontman, Vitalik Buterin, has shared a hot take on a recent warning that OpenAI’s product, ChatGPT, can be utilized to leak personal user data.

ChatGPT can be used for leaking your data, warning says

X user @Eito_Miyamura, a software engineer and an Oxford graduate, published a post, revealing that after the new update, ChatGPT may pose a significant threat to personal user data.

Miyamura tweeted that on Wednesday, OpenAI rolled out full support for MCP (Model Context Protocol) tools in ChatGPT. This upgrade allows the AI bot to connect to a user’s Gmail box, Google Calendar, SharePoint, and other services.

However, Miyamura and his friends spotted a fundamental security issue here: “AI agents like ChatGPT follow your commands, not your common sense.” He and his team have staged an experiment that allowed them to exfiltrate all user private information from the aforementioned sources.

Miyamura shared all the steps they followed to perform this test data leak – it was done by sending a user a calendar invite with a “jailbreak prompt to the victim, just with their email.” The victim needs to accept the invite.

What happens next is the user tells ChatGPT “to help prepare for their day by looking at their calendar.” After the AI bot reads the malicious invite, it is hijacked, and from that point on it will “act on the attacker’s command.” It will “search your private emails and send the data to the attacker’s email.”

Miyamura warns that while so far ChatGPT needs a user’s approval for every step, in the future many users will likely just click “approve” on everything AI suggests. “Remember that AI might be super smart, but can be tricked and phished in incredibly dumb ways to leak your data,” the developer concludes.

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Buterin reacts to this warning

In response, Vitalik Buterin slammed the “AI governance” idea in general as “naive.” He stated that if utilized by users to “allocate funding for contributions,” hackers will hijack it to syphon all the money from users.

Instead, he suggested an alternative approach called “info finance,” which is an open market where AI models can be checked for security issues: “anyone can contribute their models, which are subject to a spot-check mechanism that can be triggered by anyone and evaluated by a human jury.”

Short-Term Holder Cost Basis Tips Bitcoin To Race Towards $144K

In an X post on August 16, Glassnode shares data from its Bitcoin STH cost basis model, which suggests the cryptocurrency is headed for an overheating region. For context, short-term holders refer to entities that acquired their BTC within the last 155 days. Their cost basis, i.e., average price of acquisition, often serves as a proxy for the sentiment and profitability of newer market entrants, thus dictating short-term price dynamics.

Glassnode’s on-chain data shows that Bitcoin’s STH cost basis has now climbed to  $107,000, with standard deviation bands indicating the next crucial resistance at $127,000. Notably, this price level aligns with the +1σ band, often viewed as a “heated” market threshold. This zone is expected to act as a major pivot point, either marking the onset of consolidation or serving as the launchpad for a euphoric final leg upward.

However, if Bitcoin can decisively break above $127,000, the STH deviation bands suggest it may trigger accelerated market buying momentum, potentially pushing the price toward the +2σ band at $144,000 zone. Notably, the +2σ band is termed as the overheating region as it often coincides with local or cycle top and frequently introduces significant sell pressure from investors.

Meanwhile, the base STH cost basis at $107,000 now serves as a crucial short-term support; therefore, a breakdown below this could imply weakening confidence among recent buyers. In such a bearish scenario, market attention would turn to the lower deviation -1σ band at $93,000, at which investors may expect some price stability.

Bitcoin Price Overview 

At the time of writing, Bitcoin was trading at $117,396, reflecting a price decline of 1.02% in the past 24 hours. Meanwhile, daily trading volume has also crashed by 33.56% and is now valued at $70.56 billion.

Notably, popular analyst Ali Martinez tips the premier cryptocurrency to soon make a recovery after the flash crash of last week. The market expert explains that Bitcoin always produces a price rally following any PPI-induced decline. 

Block (XYZ -3.84%) was once a high-flying stock. In the five years leading up to their peak in August 2021, shares were up an astonishing 2,430%. Growth was fantastic, and the market was warming up to this innovative financial services business.

It’s been a disappointing story since that peak. As of July 14, this fintech stock traded 76% below the record, with a 21% decline just this year. The growth has slowed, to be sure, but Block’s profits have been soaring. And the stock now trades at a compelling forward price-to-earnings ratio of 24.7.

Should you buy shares right now and hold them for 20 years? The answer depends on one crucial factor that’s becoming more important to Block’s business.

Image source: Block.

Two powerful ecosystems

Investors should first understand that this company owns and operates two powerful ecosystems. Square serves small- and medium-size merchants, giving them various commerce tools to help them manage and grow their operations. There are point-of-sale solutions, as well tools to help manage inventory, payroll, loyalty programs, and many other things.

In the first quarter (ended March 31), Square posted year-over-year 9% growth in gross profit. And it certainly benefits from switching costs, as these customers become locked in once they start using more of the segment’s offerings.

Block also caters to individuals. The company’s Cash App is a personal finance platform that allows consumers to handle basic tasks, like sending money to others, setting up direct deposit, and buying stocks. Cash App has 57 million users, and it’s growing faster than Block is.

Block’s Bitcoin bet

In 2021, CEO Jack Dorsey talked about his appreciation for Bitcoin (BTC -1.37%). “I don’t think there is anything more important in my lifetime to work on,” he said at a conference that year. His view probably stemmed from the potential for the cryptocurrency to boost economic empowerment and financial freedom, values that match Block’s vision.

In the years since, it’s become clear that Block’s success over the next 20 years will depend more on the trajectory of Bitcoin. And this is perhaps one of the most important factors that investors need to think about.

Block first purchased the crypto for its own balance sheet in October 2020. The company currently owns 8,584 bitcoins, valued at more than $1 billion, according to bitcointreasuries.net. If the crypto’s price keeps going up, the fintech will continue to see unrealized gains.

And the business is also working on real-world Bitcoin initiatives, all supporting Dorsey’s vision to grow its adoption. He thinks it could become a global currency, a view partly supported by the possible rise of artificial intelligence agents that will need to transact with one another using a decentralized, digital, and borderless asset.

Block recently announced that merchants would soon gain functionality to accept cryptocurrency payments from customers on Square. Block sells a Bitcoin self-custody hardware wallet, called Bitkey. And with Proto, it’s developing mining equipment.

Bitcoin doesn’t yet move the financial needle for the company. Cash App started allowing users to trade it in 2018. And in the first quarter this year, this activity brought in just $65 million in gross profit, or about 3% of Block’s entire total.

However, if the digital coin’s price continues to rise in the years ahead, it’s not difficult to see how Block would benefit. Sales of its hardware wallet and mining equipment could soar. Individuals and merchants wanting to use Bitcoin in some way could flock to Block to access various services.

To be clear, Block still looks like a pure-play fintech enterprise right now. But anyone who wants to buy and hold the stock for the next 20 years must factor Bitcoin into their decision-making. Put another way, if you’re not bullish on Bitcoin, then you probably shouldn’t be bullish on Block.

The following is a guest post and opinion from Felix Xu, Founder of ARPA Network.

Walk into any of Cloudflare’s global offices and you’ll find some unusual decor. In San Francisco, it’s floor-to-ceiling lava lamps, known as “the wall of entropy.” In London, it’s the “unpredictable pendulums.” These aren’t just pretty backdrops—they are grist for the randomness mill, exemplifying the ongoing creative and engineering race for true randomness.

Randomness is the unsung hero of the modern internet—the cornerstone of encryption, the backbone of fair gaming systems, and increasingly, a critical component in AI verification. Yet, as we hurtle toward a future where crypto represents a growing share of the global economy and AI agents gain greater autonomy—particularly over financial operations—the integrity of randomness becomes not just a technical concern but an existential one.

The Myth of Perfect Randomness

Computer scientists have long sought an idealized version of randomness, embodied by the theoretical “random oracle,” a hypothetical black box providing truly unpredictable outputs for every input. Unfortunately, perfect randomness is practically unattainable. Instead, digital systems rely on pseudorandom functions—sophisticated algorithms designed to simulate randomness convincingly. Physical entropy sources, such as Cloudflare’s “wall of entropy” lava lamps or London’s unpredictable pendulums, serve as essential real-world seeds for these pseudorandom functions, introducing genuine unpredictability from natural phenomena into cryptographic processes.

Yet, this blend of physical entropy and pseudorandom algorithms isn’t foolproof. As MIT computer science professor Steve Ward points out, knowing an algorithm and its initial seed can enable prediction of supposedly random outcomes—such as the next card dealt in online poker. Such vulnerabilities underscore the critical importance of genuinely unpredictable and verifiable randomness in technology-dependent contexts, from digital gaming to financial security.

Verifiable Randomness in AI

Artificial Intelligence systems increasingly rely on randomness to ensure fair, unbiased, and robust outcomes, playing an indispensable role across diverse applications—from healthcare diagnostics to financial decision-making. Randomness helps AI models avoid overfitting by introducing necessary variability into training processes, making predictions and decisions more adaptable and reflective of real-world scenarios. However, when randomness is not verifiable, it becomes impossible to ensure that AI-generated outcomes are genuinely impartial and resistant to hidden biases.

Take, for example, AI-driven financial trading algorithms. These systems utilize randomness to explore various investment scenarios and prevent predictable exploitation. However, without transparent and verifiable randomness, financial institutions and regulators cannot confirm that the model’s decisions are truly unbiased. The integrity of randomness directly influences market fairness, as hidden biases could disproportionately favor certain assets or market participants.

Similarly, in generative AI applications such as language models, image generation, or personalized recommendations, the randomness parameter—known as “temperature”—profoundly affects output quality. A low temperature generates consistent yet potentially repetitive outputs, while higher temperatures introduce greater variability but risk unpredictable and unreliable responses. Without verifiable randomness, users and stakeholders cannot confirm that the model’s claimed temperature settings accurately reflect actual operational conditions—creating opportunities for covert biases and subtle manipulation.

Moreover, AI systems used in critical decision-making scenarios—such as autonomous driving or medical diagnosis—must reliably produce unbiased, equitable outcomes. Verifiable randomness ensures stakeholders can independently verify these systems’ fairness, significantly boosting public trust and regulatory compliance.

The Importance of Verifiable Randomness Functions (VRFs)

At its core, verifiable randomness addresses a fundamental paradox in our digital systems: how do we create unpredictability that can nevertheless be trusted? Verifiable randomness rests upon three pillars:

1. Unpredictability: The generated values cannot be anticipated in advance, even by the system’s creators or operators.
2. Bias-resistance: The output distribution contains no detectable patterns or skews that could be exploited.
3. Public verifiability: Anyone can independently confirm that the random values were generated according to the specified protocol, without requiring access to secret information.

Public verifiability distinguishes verifiable randomness from traditional random number generation. It creates a bridge between the necessary chaos of true randomness and the transparency required for trust. It may sound dramatic, but without that trust, insiders could rig AI algorithms and crypto platforms in their favor—plunging our civilization into a technological dark age.

Toward Decentralized Verifiable Randomness

Likewise, in blockchain systems, randomness underpins critical functions including validator selection, transaction ordering, and token distribution. When Ethereum selects validators for block production or when NFT platforms determine rare trait distribution, randomness decides outcomes worth billions. Any manipulation could allow malicious actors to gain unfair advantages, potentially undermining the entire industry.

The “stakes” (no pun intended) are particularly high in Proof-of-Stake systems, where validators are selected probabilistically. If validator selection becomes predictable or manipulable, attackers could corrupt the network by front-running blocks. Similarly, in DeFi, predictable randomness enables flash loan attacks and market manipulations that drain liquidity pools.

The ideal solution combines true randomness with decentralized verification—distributed networks generating collective randomness where no single entity controls the outcome, yet everyone can verify its integrity.

The Path Forward: Embracing Verifiable Randomness

As we entrust AI systems with greater autonomy and responsibility, verifiable randomness becomes not just a technical challenge but a foundational requirement for trusted systems. Organizations developing AI agents must prioritize verifiable randomness before shipping code—or risk catastrophe.

The technology industry stands at a crossroads. We can continue building AI systems and offloading more capital to crypto-systems on the shaky foundation of conventional randomness and opaque decision processes—or we can embrace verifiable randomness as part of a broader commitment to transparency and trust.

Without verifiable randomness, we’re building our future on digital quicksand. With it, we have the conditions for a flourishing future—where our technological superpowers work with us, not against us.

WazirX, once India’s largest crypto exchange by trading volume, has secured a crucial extension from Singapore’s High Court as it struggles to recover from a devastating $234 million hack and a year of growing user frustration.

In a statement posted on social media, WazirX confirmed that the court will allow it to present new arguments supporting a revised restructuring plan and has extended the moratorium shielding the company from creditor lawsuits until a ruling is made.

The legal reprieve buys WazirX time to salvage its controversial Scheme of Arrangement, a court-supervised process intended to reorganize its operations and settle claims from creditors and over 400,000 affected users worldwide.

The exchange’s troubles began in July 2024, when hackers exploited security flaws to drain digital assets from customer wallets, making it one of the largest breaches to hit an Asian crypto platform that year.

In the months that followed, WazirX’s promises to reimburse users ran aground amid unclear communication, internal disputes with parent firm Zettai Pte Ltd, and growing concerns from regulators about fund tracing and governance.

To reassure creditors and regulators, WazirX has floated a plan to transfer its core business to a new entity, Zensui Corporation, registered in Panama.

The company said this would help distance the exchange from Zettai’s lingering corporate complications and give it the flexibility to issue so-called recovery tokens, blockchain IOUs pegged to unrecovered balances.

These tokens are intended to help users gradually reclaim between 75% and 80% of the crypto lost in the breach, with the actual payout tied to future market conditions and platform revenue. However, for many, the tokens are an untested solution that does little to guarantee timely restitution.

Despite these uncertainties, more than 93% of voting creditors backed the restructuring plan in April. However, the Singapore High Court declined to grant final approval last month, citing gaps in transparency and governance.

Without an approved plan, WazirX faces the prospect of forced liquidation. Legal experts warn that a court-ordered wind-down could drag on for years, consume significant funds in legal fees, and leave creditors with lower overall recovery rates. In a worst-case scenario, the exchange has warned that user repayments could be pushed back as far as 2030.

Friday’s extension marks what many see as the final opportunity for WazirX’s leadership to convince the court, and its wary community, that a structured recovery is still possible.

The exchange said in its statement:

“We are awaiting the court’s directions on the next hearing and will share updates as soon as we have clarity.”

No date has been announced for the next proceedings, leaving thousands of users still locked out of their accounts for nearly a year.

The exchange now faces a fragile path forward, balancing court demands for governance reforms with the urgent need to restore customer trust in an industry still reeling from high-profile collapses like FTX and Zipmex.

For users, the extension provides a flicker of hope but few guarantees, and until the court signs off on a final plan, their crypto remains out of reach.

Mentioned in this article

Support Flips Bullish: Former Resistance Now Fuels Rally

In the post on X, UniChartz emphasized a critical development in BNB’s recent price action. He pointed out that the asset has broken above a long-standing descending resistance line, a move that signals a possible shift in overall market structure. This breakout is a bullish signal on its own, but what makes it even more compelling is that BNB has also reclaimed a major support-resistance zone.

According to UniChartz, this reclaimed zone, once a hotly contested battleground between buyers and sellers, has now transformed into a solid base for the ongoing rally. This transition from resistance to support reflects growing bullish conviction and suggests that market participants are more willing to accumulate at higher levels, rather than sell into strength.

The descending trendline breakout and the firm support zone add strong technical confirmation to the upward case for BNB. UniChartz highlighted that these two zones are now acting as crucial pillars for the current uptrend and must hold to keep upside momentum intact. As long as the price holds above this reclaimed level, the path appears clearer for further upside, with bulls potentially targeting higher resistance zones in the coming weeks.

BNB Bullish Structure Intact

Delivering his final verdict, analyst UniChartz expressed a confident outlook on BNB’s trajectory, noting that the technical structure remains decisively bullish. Should BNB maintain its footing above these areas, UniChartz believes the next major objective will be a retest of the all-time high region near $793. 

This level marks a significant psychological and technical barrier, and a successful challenge could serve as a strong catalyst for the asset. If bulls manage to break and close above this target with volume, it may open the door for an extended rally, propelling BNB toward the $1,000 milestone and beyond.

Such a move would reaffirm the strength of the current trend and solidify BNB’s status as one of the top-performing assets in the crypto space. However, continued bullish momentum, healthy market conditions, and supportive volume patterns will be key factors in determining whether BNB can sustain this upward trajectory and push into a price discovery phase.

Crypto analyst Ali Martinez (@ali_charts) published a new UTXO Realized Price Distribution (URPD) chart on X that offers a deep look at where large chunks of DOGE have last changed hands. This histogram shows distinct clusters of on-chain activity, pinpointing the most significant price levels that could define the meme coin’s next major move.

Martinez specifically singled out $0.177 as strong support and $0.207 as notable resistance, suggesting that Dogecoin is effectively sandwiched between these two crucial price barriers. While $0.177 and $0.207 stand out for immediate trading decisions, the chart also reveals other conspicuous price levels that warrant closer inspection.

What This Means For Dogecoin Traders

The chart reveals Dogecoin’s largest URPD cluster around $0.177, accounting for roughly 8.01% of DOGE’s total supply (about 11.89 billion tokens). This concentration indicates a high volume of coins last transacted in that range. Because of the large number of DOGE holders with cost bases around $0.177, analysts typically view this level as an important support zone—where buyers could step in to defend their positions.

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Another notable cluster appears at $0.2069, representing about 7.04% of the total supply (approximately 10.45 billion tokens). Martinez labels it as key resistance, reflecting a significant group of holders who acquired DOGE at or near this price. If the market approaches $0.207, some participants might look to break even or lock in small gains, potentially creating selling pressure.

One of the most striking observations is the large spike at $0.06653, where approximately 30 billion tokens were transacted. This by far highest bar dwarfs many of the smaller clusters on the chart, indicating that a massive volume of DOGE supply shifted at that price in the past.

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Even though the market is currently well above $0.06653, this level could be significant if prices were ever to correct sharply. It represents a substantial cost basis for a large portion of holders, potentially turning it into a powerful area of support if Dogecoin experiences a deeper downside move below $0.177.

On the upside, the histogram highlights two major concentrations above current prices. Around $0.2753, slightly below 5 billion tokens were transacted, and at $0.3622, slightly above 5 billion tokens exchanged hands. These tall bars may act as key resistance hurdles if Dogecoin can break above the shorter-term ceiling at $0.207.

Once DOGE sustains gains beyond $0.207, buyers might look for momentum to carry the token toward $0.2753, where fresh resistance could appear. If bullish sentiment remains robust, the region around $0.3622 might become the next important level to watch.

At press time, DOGE traded at $0.196.

Featured image created with DALL.E, chart from TradingView.com

Solana has been under intense selling pressure since reaching its all-time high in late January. The price has struggled to regain momentum, facing negative sentiment as the meme coin market continues to decline, significantly impacting Solana’s ecosystem. Analysts suggest that speculative meme coin trading is one of the primary reasons altcoins, including SOL, have underperformed compared to Bitcoin.

Crypto analyst Jelle shared a technical analysis on X, highlighting that the SOL/BTC pair is breaking down from a key support level. However, Jelle also noted that there are still 2 days and 15 hours left before the candle closes, meaning the final outcome remains uncertain. If the breakdown is confirmed, SOL could see further declines against BTC, signaling continued weakness in the altcoin market.

Solana’s performance has been closely tied to meme coin speculation, which initially fueled its surge but is now leading to downside pressure. The next few days will be crucial in determining whether SOL can reclaim key support levels or if further downside awaits. Investors are closely watching BTC’s dominance and Solana’s ability to hold its ground as the broader market seeks clarity on altcoins’ role in this cycle.

Solana Faces A Big Test

Solana is now trading at its lowest levels since November 2024, effectively erasing all the gains from the post-election rally. Once a leading altcoin that outperformed many in the market, Solana is now struggling to regain momentum amid a broader sell-off. Meme coin speculation, which was once a catalyst for its meteoric rise, has now become a major risk factor, contributing to sustained selling pressure and increasing concerns about the network’s long-term sustainability.

This shift in market sentiment was inevitable, as speculative frenzies often result in major corrections. Meme coins, which had driven record-breaking transaction volumes and high network activity, are now seen as a liability rather than an asset. Many investors who flocked to high-risk meme coin trading have either exited the market or are facing significant losses, which has led to reduced liquidity and further price declines.

Jelle shared an analysis on X, revealing that SOL/BTC is breaking down from a key support level. However, he cautioned that the 3-day candle still has 2 days and 15 hours before closing, meaning that a decisive breakdown is not yet confirmed. He also noted that while price action appears weak, a locked-in bullish divergence at support could still occur if buyers step in aggressively before the close.

For now, Solana remains at a critical juncture, with the next few days expected to be pivotal in determining its short-term trend. If bulls manage to defend key support levels, a recovery rally could follow. However, if the sell pressure persists and confidence remains low, SOL could experience further downside, extending its correction phase.

SOL Testing Fresh Demand Levels

Solana is currently trading at $168 after setting a new lower low around $163, signaling that bears still have the upper hand in the short term. Bulls are now testing fresh demand at this level, and they must push the price above $170 as soon as possible to maintain the bullish structure. This level will serve as a key short-term resistance, and reclaiming it would be the first step toward a recovery rally.

If SOL fails to hold above $170, the risk of a massive correction increases, with the next key support zone around $150. A continued downtrend could expose SOL to deeper losses, especially if broader market sentiment remains bearish.

However, a successful reclaim of the $170 mark followed by a breakout above $190 in the coming days would be a strong signal of strength. A move above $190 would suggest that bulls are regaining control, setting the stage for a potential push back toward $200 and higher supply zones.

Featured image from Dall-E, chart from TradingView