Core Scientific accelerates its transformation into an AI data center: Pecos campus plans to expand to 1.5GW, and aims to raise over $4 billion. The company is transforming its Texas Pecos mining farm into a high-density AI data center campus, having already reallocated approximately 300MW from mining to its data center business; the first computing power is expected to come online in early 2027, and the company plans to expand through the issuance of approximately $3.3 billion in notes and a $1 billion credit line.
Wasabi Protocol is suspected of suffering a breach of administrator private keys/abuse of privileges, resulting in the theft of approximately $2.9 million to $5 million across multiple chains. Security agencies estimate the losses to be between $2.9 million and $5.15 million, with initial indications pointing to the anomalous granting of administrative privileges and their involvement in fund transfers. The project team has requested users to suspend interaction. Berachain has suspended and blacklisted affected reward vaults, prompting users to revoke authorization.
On-chain leverage: Two addresses hold a total of approximately 80,000 ETH long positions on Hyperliquid, with a combined unrealized profit of approximately $3.11 million. Two addresses each hold 40,000 ETH long positions, with an opening price of around $2,265, and an unrealized profit of approximately $1.52 million each.
The NYSE has submitted a rule change to the SEC, proposing to allow "tokenized versions" of stocks and ETFs to trade on the exchange under a three-year DTC pilot program. Tokenized securities must have the same CUSIP, ticker, rights and privileges as traditional securities, and trade on the same order book with equal execution priority; clearing and settlement will still be done through DTC on a T+1 basis.
Circle France's French subsidiary receives AMF approval to provide USDC/EURC custody and transfer services in the EEA under the MiCA framework. Following this approval, Circle France can now offer USDC/EURC custody and transfer services in the European Economic Area in accordance with MiCA terms, further expanding its compliance footprint.
Coinbase has laid off 14% of its workforce and is facing a lawsuit from a whale seeking the return of $55 million in stolen DAI. CEO Brian Armstrong attributed the layoffs to market conditions and a shift towards an AI-native architecture. Meanwhile, an anonymous Puerto Rican whale, "DB," has filed a lawsuit against Coinbase in San Francisco federal court, accusing it of refusing to return $55 million in DAI stolen during the Inferno Drainer phishing attack in August 2024. The funds were traced to a Coinbase account and frozen in December 2024, but have not been returned for a year and a half. Coinbase claims a court order is required for their release.
