Alibaba's AI Bet Costs Dearly: Profits Plunge 76% Despite Cloud Growth

Ethereum has staged a sharp breakout from its multi-week consolidation, with ETH now trading around $2.4K after reclaiming the descending trendline that had capped the broader recovery. The move is supported by a strong acceleration in momentum and a noticeable rise in short liquidations, although the sharp increase in RSI readings suggests the rally could face some short-term corrections. This technical breakout opens the door for a test of critical resistance at $3K, a level that, if broken, could trigger a new wave of optimism in the crypto market. The Ethereum recovery comes amid increasing institutional adoption and growing interest in DeFi technologies, with the network continuing to demonstrate resilience despite crypto market volatility. Investors and traders are now eyeing potential catalysts, including possible network upgrades and the impact of a spot Ethereum ETF, which could further propel the price of the world's second most valuable cryptocurrency.

Coldcard, the Bitcoin hardware wallet manufacturer, has released new firmware following a sophisticated attack that resulted in $114 million being stolen from users. After a three-week thorough review, the team identified additional issues unrelated to the original flaw, utilizing artificial intelligence to detect hidden vulnerabilities that could compromise customer funds security. While the update brings significant security improvements, the company warns it does not make an already compromised wallet safe. This incident highlights the ongoing security challenges in the crypto ecosystem and how companies are leveraging advanced technologies like AI to strengthen their defenses.