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Drift Foundation: DFX is not pegged to USDT; Recovery Pool currently covers only about 1% of total claims
Odaily News: The Drift Foundation posted a response to community concerns, stating that DFX is not pegged to 1 USDT. For every 1 USDT of confirmed loss, users receive 1 DFX, but the ultimate redemption value of DFX depends on the balance of funds in the Recovery Pool at the time of redemption.The Drift Foundation stated that the Recovery Pool currently covers only about 1% of the total claims amount. Users can choose to redeem DFX, or continue to hold it and retain the right to claim future inflows into the Recovery Pool, or trade it on secondary markets such as Raydium.
Coldcard white hat hacker moves 52.37 BTC to Crypto Recovery Trust
Odaily reports that according to Bitcoin News monitoring, this batch of Bitcoin is worth over $4 million, accounting for approximately 2.8% of the total Bitcoin related to the Coldcard vulnerability. Crypto Recovery Trust will verify the ownership of the funds and attempt to return them; Galaxy Digital research director Alex Thorn stated that another 3.0134 BTC was transferred to this address in the same transaction, but its source has not yet been confirmed.
Coldcard Vulnerability-Linked Funds Peak at $130 Million, White Hat Moves 52.37 Bitcoin to Crypto Recovery Trust
Odaily News: On September 21, a white hat actor transferred 40.71 BTC linked to the Coldcard vulnerability in a single transaction valued at approximately $3.31 million. The transaction consolidated funds from 11 addresses and included an OP_RETURN message pointing to the Crypto Recovery Trust.Alex Thorn, head of Galaxy Research, disclosed that the broader consolidation involved a total of 52.37 BTC across multiple clusters of attacker addresses, accounting for approximately 2.8% of the funds tied to the vulnerability. A firmware flaw in Coldcard devices dating back to March 2021 resulted in insufficient mnemonic seed randomness, with the total funds involved peaking at approximately $130 million. (Decrypt)
AI company Discovery Loop, co-founded by former Google chief scientist Jeff Dean, sees valuation surge to $50 billion within weeks
Odaily reports: Sources familiar with the matter say that Discovery Loop, an AI startup co-founded by former Google chief scientist Jeff Dean, is in talks for a new funding round, with its valuation having climbed to $50 billion—five times higher than the roughly $10 billion valuation target from just weeks ago.Discovery Loop's other three co-founders are Sanjay Ghemawat, Quoc Le, and Oriol Vinyals. The company focuses on using AI to run thousands of experiments in parallel to accelerate the pace of scientific and engineering research. Its first funding round was led by Radical Ventures and Khosla Ventures, with participation from Lightspeed, Kleiner Perkins, Doerr Capital, and others. (Business Insider)
Over 50 BTC Rescued from COLDCARD Entropy Vulnerability Wallets, Funds Transferred to Crypto Recovery Trust Pending Return
Odaily News: According to Bitcoin News monitoring, DART stated that it and independent white-hat researchers have recovered over 50 BTC from wallets affected by the COLDCARD entropy vulnerability, completing the transfer before malicious attackers could steal the funds. DART is a digital asset recovery organization that works with white-hat researchers to protect vulnerable funds and coordinate their lawful return to owners. The white-hat researchers did not request a bounty and will return the Bitcoin to its owners.The rescued BTC has been transferred to the Crypto Recovery Trust. This trust is a dedicated statutory trust established under Wyoming state law to hold recovered digital assets and return them after confirming and verifying the legitimate owners. The trust will document the recovery process, separate the BTC from DART and researchers' funds, conduct blockchain analysis, ownership verification, and sanctions screening, and provide a lawful return process for verified owners. If ownership is disputed, or if the relevant funds involve sanctions or criminal proceedings, the BTC will be handled in accordance with applicable legal procedures. DART stated that other vulnerable assets and recovery leads are still under review.
Discovery Loop seeks $1 billion raise at $10 billion valuation
Odaily News: Sources reveal that Discovery Loop, an AI startup founded by former Google Chief Scientist Jeff Dean, is in talks to raise $1 billion at a valuation of approximately $10 billion. Specific terms of the funding round are still subject to change.Discovery Loop aims to accelerate discovery in science and engineering through automated machine learning, science and engineering, and parallel execution of thousands of experiments. Its initial funding was led by Radical Ventures and Khosla Ventures, with participation from Lightspeed, Kleiner Perkins, and Doerr Capital, while Alphabet serves as founding investor and cloud services partner. The founding team of Discovery Loop also includes former core Google researchers such as Sanjay Ghemawat, Quoc Le, and Oriol Vinyals. (businessinsider)
Discovered Materials Completes $9 Million Seed Round, Backed by Peak XV Partners and Others
Odaily Planet Daily News: Discovered Materials announced the completion of a $9 million seed funding round, with participation from Lightspeed India Partners, Peak XV Partners, and several angel investors. The company combines AI agents with physical models to screen new heat-dissipating materials for chips at scale, targeting the high heat generation and high energy consumption challenges of AI chips in data centers. Reports indicate that AI can improve the efficiency of candidate material generation, but commercialization in this field remains constrained by factors such as material screening, synthesis validation, and manufacturing feasibility. (TechCrunch)
MoonPay now supports buying and selling cryptocurrency with Discover Network cards in the US
Odaily reports that MoonPay has announced that users in the United States can now use Discover Network cards to buy and sell cryptocurrencies. With this integration, Discover becomes the third major US bank card payment network supported by MoonPay, following Visa and Mastercard. Additionally, MoonPay also supports Apple Pay, Google Pay, PayPal, Venmo, bank transfers, and various regional payment channels. (The Block)
Moonpay now supports Discover Network payments, allowing US cardholders to buy and sell cryptocurrencies
Odaily Odaily reported that crypto payment infrastructure company Moonpay has integrated Discover Network payments. Discover Network cardholders can now buy and sell cryptocurrencies through the Moonpay platform. Discover Network becomes the third major card brand supported by Moonpay in the United States, alongside Visa and Mastercard. Moonpay stated that this support is now available across its network of over 500 enterprise partners, including wallets, exchanges, and applications. Moonpay also supports Apple Pay, Google Pay, PayPal, Venmo, bank transfers, and regional payment channels. Founded in 2019, Moonpay serves over 30 million customers across 180 countries and holds the New York BitLicense, a New York limited purpose trust company charter, money transmitter licenses in multiple US states, and an authorization under the EU's MiCA framework.
Blockchain data analysis company Recoveries completes CHF 1 million strategic round of financing, led by VerifyVASP
According to Odaily Planet Daily, Recoveries, a blockchain data analysis and digital asset recovery service provider, announced the completion of a strategic round of financing of CHF 1 million, led by VerifyVASP and participated by a group of angel investors. The new funds will be used to accelerate the development of its AI-enhanced blockchain investigation management system that supports cross-chain investigations, thereby streamlining the digital asset recovery process for global exchanges, banks, insurance companies, and law firms. (startupticker)
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