Maple co-founder Joe Flanagan will step down as chairman and leave the company.

Glassnode's on-chain analysis shows that more than 7 million Bitcoins are at risk of potential quantum attacks due to address reuse and exchange wallet issues. Currently, 35.4% of Bitcoin has a visible public key, up from 30.2% earlier this year. (The Bitcoin Historian)

Salt Lake City-based energy storage company Torus has raised $500 million in Series C funding, led by Magnetar, with participation from ICONIQ, Origin Ventures, Ridgeline Partners, and Trinity Capital. Torus has launched Foundry, a modular AI inference computing product that integrates power supply, energy storage, cooling, networking, and computing power into prefabricated equipment. Each site has a capacity of 1 to 20 megawatts and takes 12 to 16 weeks from signing to deployment. Initial customers include Hydra Host, and Torus aims to deploy more than 47,000 GPUs by the end of 2027.

Maple co-founder Joe Flanagan will step down as chairman and leave the company, with his responsibilities being handed over to co-founder and CEO Sid Powell and other management members. Joe Flanagan and Sid Powell have disagreements on strategy and leadership, and Flanagan will assist with the transition until the end of the year. (Source: The Block, The Defiant)

Binance - ETH/USDT is currently trading at $2101.11, up 0.23% in the last 5 minutes. Please be aware of market volatility.

Glassnode data shows that Bitcoin has fallen below the $75,600 cost price for short-term holders, with approximately 65% of recent BTC purchases currently at a loss. Stablecoin supply has decreased by $14.2 billion in the past 30 days, the fastest contraction since June 2022, while the U.S. spot Bitcoin ETF recorded a net outflow of $1.6 billion in 20 trading days. Wallet addresses holding 100 to 10,000 BTC have begun to increase their holdings. Glassnode considers $73,000 a key support level.