Crypto World
Avici Says 1,685 Users Lost $500,859 In Rain Card Contract Exploit
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Avici said an attacker took $500,859.22 from the card balances of 1,685 users on Friday, and that every affected user will be refunded in full. The flaw was in a contract belonging to Rain, the card issuer behind Avici's Visa product, rather than in Avici's own code. Rain said its monitoring… Read the full story at The Defiant
Crypto World
Stellar RWA Assets Outgrow Its DeFi Markets
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Tokenized real-world assets on Stellar passed $3 billion in July while the network's DeFi markets held a fraction of that, according to a report published Wednesday by oracle provider RedStone. Issuance on Stellar is running ahead of the lending markets and collateral pools that would make the… Read the full story at The Defiant
Crypto World
The Sandbox Pledges 1:1 SAND Repayment After Bridge Exploit

The Sandbox will repay eligible holders of bridged SAND on Base and BNB Chain 1:1 in Ethereum-based SAND after an Aug. 22 exploit drained 14,742,341.84 SAND from its Ethereum vault, the project said in an Aug. 27 post-mortem. The plan covers legitimately bridged balances recorded in a pre-incident… Read the full story at The Defiant
Crypto World
Bullish Provides USD.AI $100 Million Facility for GPU-Backed Loans

Bullish is providing USD.AI with a $100 million stablecoin debt facility to finance loans backed by GPUs and other AI computing infrastructure, the companies announced Friday. The commitment adds a new pool of capital for lending to AI infrastructure operators. The facility is large against… Read the full story at The Defiant
Crypto World
Ninth Circuit Says Kalshi Sports Contracts Aren’t Swaps, Splitting With Third Circuit

The Ninth Circuit ruled Friday that Kalshi's sports event contracts are not swaps under the Commodity Exchange Act, clearing the way for Nevada to enforce its gaming laws against the prediction market. The decision turns on a single question with large commercial stakes: if the contracts are swaps,… Read the full story at The Defiant
Crypto World
Staked ether should be seen as the benchmark of the decentralized economy

The yield-generating asset has a special place in the digital asset investor’s portfolio, argues GlobalStake’s Ryan Haczynski.
Crypto World
Cronos Restarts Chain by Rolling State Back to Before the Tectonic Exploit

Cronos, a Layer 1 blockchain built on the Cosmos SDK and backed by Crypto.com, said on Monday morning that its network is producing blocks again, and that validators restored the chain's state to a point before the exploit that drained the Tectonic lending protocol on Sunday. Rewinding a live chain… Read the full story at The Defiant
Crypto World
CME Launches Crypto Index That Excludes Bitcoin and Ether

CME Group made two multi-asset cryptocurrency benchmarks live Monday, adding both a broad-market gauge and a separate index designed to measure large crypto assets outside bitcoin and ether. The more differentiated of the pair, the CME CF Emerging Crypto Index, excludes bitcoin and ether and tracks… Read the full story at The Defiant
Crypto World
Dow Jones Futures Rise, Oil Prices Fall, Oracle Jumps; CPI Inflation Data To Inform Fed
Dow Jones futures rose modestly early Friday, along with S&P 500 futures and Nasdaq futures, as oil prices fell back below $100 a barrel. Oracle and Adobe headlined earnings overnight with the consumer price index due before the open. The stock market saw a fourth day of losses Thursday, as U.S. crude oil prices surged above $100 and Treasury yields…
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Crypto World
Balancer Warns Legacy V1 LPs to Exit After Pool-Draining Bug

Balancer warned liquidity providers on Aug. 31 to withdraw from its legacy V1 pools after saying it was aware of a bug that allows LP funds to be drained. The protocol said the deprecated pools are non-pausable, leaving users — rather than a protocol-initiated pause — as the immediate line of… Read the full story at The Defiant
Crypto World
Can AI Build a Startup in 72 Hours? Elon Musk's Team Will Livestream the Test
Three employees at Elon Musk’s AI company will try to build a startup in 72 hours using AI agents, with every product, engineering, and business decision streamed live from September 15 to 17.
The company has no name, no product, and no idea yet. Matt Palmer, Lauren Tan and Roshan Sadanani are meant to choose all three on camera as they go.
What the 72-Hour Build Involves
The event, called Grok Bot Galaxy, runs at a San Francisco venue with a worldwide livestream. Sessions run from 8.30 a.m. to 6 p.m. Pacific time each day.
Grok Bot is SpaceXAI’s agent product, not the Grok chatbot that answers questions on X (Twitter). The company describes it as a team of AI agents that users can name, assign objectives, and set loose across apps and websites.
BeInCrypto has covered the product since before laits unch, including a Grok Bot domain dispute in which an anonymous owner demanded $1 million.
The three builders will use it for ideation, planning, product calls, and engineering. Colleagues drop in for separate sessions on sales, customer support, and marketing operations.
Why SpaceXAI Is Staging the Test
SpaceXAI is the company formed after SpaceX bought xAI in February in an all-stock deal that valued xAI at $250 billion. It then bought coding firm Cursor for $60 billion in August.
Musk has spent the year making large claims about Grok, and rival labs have matched him. A three-day unedited build is a harder thing to stage than a demo clip.
It remains a vendor showing off its own tool rather than an independent trial. The useful measure is how much the three humans steer, edit and rescue the agents along the way.
Questions about who answers for AI agents when they act alone are still unsettled.
Musk Concedes Grok Is Not the Default Yet
The build lands in an awkward week for agent products. Rival lab Anthropic published a report on September 11 documenting how people misused its Claude models, covering cyber operations, surveillance, fraud and conventional weapons work. Anthropic said it removed the accounts involved.
Meanwhile, reports suggest that every side in the Gulf conflict involves a Claude user, a nuance that Elon Musk acknowledges, conceding that Grok is not the default, at least for now.
“I guess Grok is not yet a preferred choice in this arena. Not sure how to feel about that,” he chimed.
Absence from a rival’s abuse report is not a safety record. Labs only publish what they catch on their own systems, and Grok Bot is barely a month old in public.
By Thursday the stream should show what the word company actually covers here. A working product with users would land differently from a name and a landing page.
The post Can AI Build a Startup in 72 Hours? Elon Musk's Team Will Livestream the Test appeared first on BeInCrypto.
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