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Crypto Biz: Bitcoin’s $116M self-custody wake-up call

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A $116 million Bitcoin wallet exploit puts self-custody under scrutiny as ETF inflows rebound, Strategy eyes more BTC and miners chase billions in AI deals.

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Kalshi in advanced talks to raise new funding at $40B valuation: Reuters

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The prediction market was valued at $22 billion in a $1 billion funding round just four months ago, after doubling its valuation from December.

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Illinois draft crypto tax rules detail DeFi, stablecoin treatment

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Illinois’ draft rules spell out how its 0.2% digital asset transaction tax would apply to stablecoins, DeFi platforms, crypto bridges and self-custody transfers.

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Crypto.com AI agent still in ‘stealth mode’ nearly 8 months after Super Bowl debut

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In February, ai.com drew enough traffic to crash its website after a $15 million Super Bowl ad, but months later, users are still wondering what’s happened to their promised AI agent.

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