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Empery Digital’s $20M Bitcoin Treasury Invests in Cardinal AI Data Centers

Empery Digital has committed $20 million to Cardinal Data Power, purchasing an approximately 8% stake in the private developer behind “powered” data center campuses designed for AI and high-performance computing workloads. The capital injection is tied to Cardinal Data Power’s Series A round of roughly $70 million and is intended to help advance a 750-megawatt campus project in West Texas. While the investment highlights growing demand for large-scale compute infrastructure, it also lands in the middle of Empery’s own strategic shift away from its earlier Bitcoin treasury approach. Over the past two months, the company sold about 1,400 BTC for approximately $87.1 million, leaving it with 1,514 BTC after the transactions. Key takeaways Empery Digital invested $20 million for an ~8% stake in Cardinal Data Power as part of a Series A of about $70 million. Cardinal’s West Texas powered data center campus is expected to begin delivering power in 2027, expand to around 1 GW by 2029, and ...
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Goldman Sachs CEO Endorses “Not Perfect” CLARITY Act Ahead of Vote

Goldman Sachs CEO David Solomon has voiced support for a US Senate bill intended to reshape crypto market structure, arguing that the proposed Digital Asset Market Clarity (CLARITY) Act is “not perfect” but could help create a more consistent framework for participants. According to a Thursday report by Politico , Solomon framed the legislation as necessary to establish a “level playing field” that could improve market stability as digital asset markets continue to develop. Key takeaways David Solomon says the CLARITY Act is “not perfect,” but supports it for creating a more “level playing field” to bolster stability. Many industry leaders oppose the bill’s approach, including concerns that it would allow certain crypto firms to pay yield related to stablecoins outside existing financial-institution rules. Republicans released the CLARITY Act text ahead of a potential Senate vote, but Senate leaders had not scheduled timing as of Thursday. Democrats and critics highlighted ethi...
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Why the CLARITY Act’s Ethics Deal Faces Major Negotiation Hurdles

Negotiations over the long-awaited US Digital Asset Market Clarity Act—known as the CLARITY Act—have reportedly narrowed to one of the most politically sensitive issues: ethics rules for federal officials and who will enforce them. After months of drafting and bargaining, a dispute over a “code of conduct” element is now threatening to derail a bill that many in the industry view as crucial for regulatory certainty. Democratic senators say the current version of the proposal does not go far enough, particularly on ethics provisions covering elected officials and related consumer and market-integrity safeguards. Republicans, meanwhile, argue that ethics enforcement should remain within the Department of Justice (DOJ) under a single national framework, rather than being handled by state attorneys general. Key takeaways Seven Democratic senators said the current CLARITY Act text “falls short,” calling for stronger ethics, consumer protection, illicit finance, conflict-of-interest, and m...
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BitMEX Token Drops 90% After Exchange Announces Shutdown

BitMEX’s utility token (BMEX) has suffered a dramatic collapse following the exchange’s announcement that it will wind down operations. Data from CoinGecko shows the token fell by nearly 90%, dropping to as low as $0.002 from about $0.06, and it was trading around $0.0063 at the time of writing. The selloff started shortly before the shutdown became public. According to CoinGecko pricing, BMEX began sliding at around 7:00 am UTC—approximately an hour before BitMEX posted its shutdown notice on X, according to earlier coverage from Cointelegraph. Key takeaways BMEX lost almost all of its value after BitMEX announced it would cease operations, with CoinGecko data indicating a move from ~$0.06 to near $0.002. The token’s drop began about an hour before the public shutdown message on X, suggesting markets were already repricing quickly ahead of confirmation. CryptoQuant CEO Ki Young Ju linked the decision to BitMEX’s reduced Bitcoin futures share, citing ~0.08% and about $84 million ...
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Strategy-Led Consortium Commits $15M to Quantum-Resilient Bitcoin Network

Strategy has unveiled the Bitcoin Security Consortium , a new coalition of financial institutions and Bitcoin-focused companies aimed at strengthening the network’s resilience against the potential impact of future quantum computing breakthroughs. In a Thursday announcement, Strategy said the group plans to commit an aggregate $15 million over the next three years toward developer efforts focused on “quantum security” work for Bitcoin. The initiative adds formal institutional backing to a debate that has been running through the Bitcoin ecosystem for years: how and when (or whether) quantum computers could force a shift in how the network secures transactions. While experts disagree on timelines, the consortium’s creation signals that large players are preparing for long-horizon security challenges rather than waiting for consensus to harden. Key takeaways Strategy says the consortium will fund $15 million over three years to support developer work on Bitcoin’s quantum security. ...
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AI-Driven DeFi Hack “Epidemic” Fears May Be Early—Watch Next Wave

Crypto security concerns peaked in April after a string of high-profile hacks raised the question of whether “AI-driven” exploit discovery had changed the threat landscape. The debate resurfaced in May, when OpenZeppelin founder Manuel Aráoz said, in response to losses from exploits, that “all of DeFi unsafe” — a warning that many interpreted as evidence the industry’s defenses may be falling behind. Yet as months passed, the pattern appeared less apocalyptic. Dragonfly managing partner Haseeb Qureshi argued that fears of a DeFi “hackpocalypse” looked like a “false alarm,” pointing to a lower year-to-date rate of hacked dollars per month and a declining median hack size. The real question now is not whether AI can assist attacks — but how quickly it is changing where losses come from, and what remains unchanged. Key takeaways CertiK reports that more than $1.3 billion was lost across 344 security incidents in the first half of 2026, though confirming whether AI was involved in each e...
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Bernstein: Bitcoin mining deals could ease AI energy constraints

Bernstein reiterated that it is still overweight on Bitcoin mining, arguing that the sector’s expanding partnerships are increasingly tied to the power needs of AI data centers. In a Thursday research note shared with Cointelegraph, the firm pointed to a steady stream of AI-related deals throughout July—evidence, it said, that access to electricity is becoming the decisive constraint for AI infrastructure buildouts. According to Bernstein’s Bitcoin mining industry deal tracker, the number of AI-related transactions recorded in July averaged at least one per week. Combined, those deals total more than 7.5 gigawatts of capacity, or the contracted equivalent of $150 billion across multi-year agreements. Key takeaways Bernstein says Bitcoin miners’ third-party computing capacity remains valuable as AI growth is constrained more by power availability than by software or hardware supply. In July, Bernstein’s tracker recorded AI-related deal flow at roughly a weekly pace, totaling over 7....
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