Infinite-Mint Exploit: Secret Network Loses $4.67M via Axelar Bridge

Tezos has officially unveiled the Etherlink 7.0 upgrade proposal, a significant update introducing the Michelson interface and Native Atomic Composability (NAC). This upgrade marks a pivotal moment in the blockchain's journey toward Tezos X, promising to revolutionize how developers interact with the platform.

With the governance vote scheduled to begin on August 3, the Tezos community is poised to approve an update that could significantly accelerate blockchain adoption. Native Atomic Composability will enable unprecedented interoperability between smart contracts, while the Michelson interface will streamline development, positioning Tezos as a leading innovative platform in the blockchain ecosystem.

A five-year-old security flaw in the Coldcard wallet, partially discovered with artificial intelligence assistance, allowed an attacker to reconstruct private keys and sweep over 1,100 bitcoin, including a coordinated attack that removed 594 BTC valued at $38 million. The incident raises critical questions about hardware wallet security and the growing role of AI in vulnerability discovery. Coldcard, considered one of the most secure wallets on the market, now faces scrutiny over how such an old vulnerability remained undetected, while the community debates whether AI represents a threat or an essential tool for crypto security.

A Coldcard hardware wallet has suffered a $38 million Bitcoin drain due to a security flaw in previous versions of its open source firmware. Coinkite, the device's manufacturer, believes an attacker used artificial intelligence to analyze the codebase and identify the vulnerability, enabling the theft of user funds.

This incident highlights the growing security risks in the crypto ecosystem, particularly with AI's advancing capabilities in discovering vulnerabilities. Coinkite has issued an alert to users and is working on a fix, but the case serves as a reminder that even the most secure storage solutions can be compromised. The Bitcoin community is closely monitoring the situation as experts debate the implications of AI-powered attacks on the future of crypto security.

AMD is positioning itself as a disruptive force in the AI chip market by championing open ecosystems. The company argues that proprietary systems stifle innovation and that open standards are essential for the next wave of agentic AI. By focusing on interoperability, AMD aims to reduce vendor lock-in, giving developers more freedom. This strategy could disrupt the current dominance of major players and democratize access to high-performance computing resources.

IBM has achieved what it calls 'Trusted Quantum Advantage,' marking a significant milestone in quantum computing that brings the theoretical threat to Bitcoin's cryptographic security closer to reality. The tech giant's latest quantum machines are now powerful enough to challenge the cryptographic foundations that protect blockchain networks, including Bitcoin's SHA-256 and elliptic curve cryptography. This development underscores the urgent need for the cryptocurrency industry to accelerate quantum-resistant cryptography research. While current quantum computers still lack the capacity to break Bitcoin's encryption, IBM's progress highlights the existential threat looming on the horizon. The Bitcoin community has been aware of this potential vulnerability for years, with researchers already exploring post-quantum cryptographic solutions, but IBM's latest breakthrough suggests the timeline for practical quantum attacks may be shorter than previously anticipated.