Cardano founder Charles Hoskinson is building a new programming language for the network
Hoskinson said on X the language will bundle transaction requests with cryptographic proofs. He hasn’t shared a name, specs or a release date. Cardano founder Charles Hoskinson is writing a new programming language for his blockchain. He says it will be the first to combine what a user wants a transaction to do with cryptographic proof that the rules were followed. “I’m actually personally developing a programming language for Cardano,” Hoskinson wrote on X on Sunday, adding that he’s working on it with Lucas Rosa, a software engineer at Input Output Global who co-created Aiken, one of Cardano’s main smart contract languages. That’s not something most founders do once their network is this big. Hoskinson runs a company full of engineers and is still choosing to write the tool future Cardano apps could be built on himself. The language would support three tools: transaction intents, proof-carrying data and Groth16 proofs. An intent lets a user say what they want done and leave the steps to the app. A trader could ask to swap one token for another only if the final price meets set conditions, without spelling out how to get there. Proof-carrying data attaches cryptographic evidence to a piece of information, showing it follows certain rules. Another app can check that evidence without redoing every calculation behind it. Groth16 is a widely used proof system that produces tiny proofs computers can check quickly. Those proofs can show a condition was met without revealing the private data used to meet it. Together, they could let developers build apps that coordinate trades, check complicated conditions, and pass verified information between services, with Cardano checking a small proof at the end. Cardano developers already write smart contracts in Plutus, which is built on the programming language Haskell, and in Aiken. Midnight, the privacy-focused blockchain built by Hoskinson’s company Input Output Global, has its own language, Compact, for apps that handle confidential data. Meanwhile, Hoskinson hasn’t shared the new language’s name, any public code, or a date when developers can start using it. #ADABullish #altcoins #ADA!
Strive Buys $335 Million in Bitcoin After Investors Pour In $369 Million
The Nasdaq-listed bitcoin holder bought as warrant holders exercised, bringing in $369 million, and it now plans a $630 million sale of 15% preferred stock. In brief Strive bought 4,045 BTC between October 12 and 16 at about $82,803 each, raising its holdings to 36,818 BTC.Warrant exercises on October 12 and 13 raised about $369.2 million and added 13,674,703 Class A shares, and no traditional warrants remain.Strive priced a $630 million offering of 15% SATS preferred stock on October 15, set to settle October 20. Strive, a Nasdaq-listed company that holds Bitcoin as a treasury asset, bought 4,045 BTC between October 12 and 16, according to a regulatory filing published Monday. The average price was about $82,803 per coin, meaning the stash was worth about $335 million, and the purchase lifts its holdings to 36,818 BTC, up from 32,773 a week earlier. That’s a total just north of $3 billion worth of Bitcoin at today’s prices. #bitcoin #BitcoinDunyamiz #Bitcoin❗
Govt ordered to return 497.82 bitcoin to 9 cheated in scheme
High Court finds that they were cheated by two men who promised 1% daily returns, with funds moved through a 'layering process'. The Kuala Lumpur High Court ordered the 497.82 bitcoin to be distributed among nine claimants in proportion to the amounts they deposited. (AFP pic) KUALA LUMPUR: The High Court here has ordered the government to return 497.82 bitcoin, valued at US$17.6 million based on 2023 valuations, to nine people who were cheated in an investment scheme promising daily returns of 1%. The bitcoin was seized from two cryptocurrency wallets linked to Fadino Khairuman and Asyran Ismail. Justice Arief Emran Arifin allowed the claims by the nine individuals, who deposited a total of 362.04 bitcoin into a wallet belonging to Bitkingdom between 2015 and 2016 after being misled by Fadino. The bitcoin was subsequently transferred from the Bitkingdom wallet to wallets belonging to Fadino and Asyran. Arief found that the nine had proven they were cheated by the two men, who made false representations about the promised daily returns. He said the bitcoin had gone through a “layering process” as a result of the transactions. “The claimants did not lend their bitcoin to the respondents, and they are not asserting a debt,” he said. “They are saying that the bitcoin was obtained from them by cheating, and that the bitcoin, or what now stands in its place, is still theirs.” He said each claimant had proven on a balance of probabilities that he or she deposited the amount of bitcoin claimed into Bitkingdom, and had a legitimate legal interest in the seized property.
Bitcoin whale moves $34 million in BTC it got in 2013 when coins traded at $131
A bitcoin wallet dormant since 2013 moved 411 BTC, now worth about $34 million. It is one of several long-dormant wallets to wake up recently. A bitcoin BTC $82,897.35 wallet, dormant since 2013, came back to life On Sunday, the wallet moved all 411.45 of its BTC to a new address, according to blockchain data from Arkham Intelligence. At today’s price of about $82,600 per coin, that stash is worth roughly $34 million. When the owner first acquired those coins, the entire balance was worth just $54,000. This awakening is part of a broader trend of historic supply shifting wallets this month. Just a day prior, two other wallets dormant for over a decade moved a combined 417 Bitcoin, and the week before, a large whale wallet static since the pre-Covid crash migrated its funds. The pattern is highly reminiscent of 2025, when isolated mega-whales repeatedly woke up from a prolonged slumber. Just like last year, these sudden movements of long-dormant supply tend to spark speculation about a potential sale. But, as was the case then, most of the coins have been moved to new private wallets, a sign of custodial maintenance rather than an impending market dump. The specific wallet behind Sunday's move received the bulk of its funds, some 411 BTC, on Sept. 11, 2013. Back then the cryptocurrency traded around $131. Over the next 13 years, the owner didn't buy, sell, or move a single coin. They simply sat tight as the asset's value skyrocketed more than 600 times, holding through three halvings, the 2017 boom, the 2022 FTX collapse, and the launch of spot bitcoin ETFs in 2024. While the owner remained completely inactive, the wallet itself did see some activity over the years. Dozens of tiny deposits trickled in, each worth less than a dollar. Several came from addresses that Arkham labels as phishing. It’s a common scam tactic known as “address poisoning.” Fraudsters send trace amounts of crypto ("dust") to high-value wallets, hoping the owner will accidentally copy the scammer's address from their transaction history during a future transfer. The whale didn't fall for it. At 18:23 UTC on Sunday, the owner sent the entire fortune to a new address, paying a transaction fee of just 337 satoshis, a fraction of a single cent. So far, the funds have not been moved to an exchange. The new destination wallet has only received this single transfer and has not initiated any outgoing transactions. That lack of movement points to routine custodial housekeeping rather than a market sell-off. The original 2013 wallet relied on an outdated address format, whereas the new destination utilizes SegWit (P2WPKH type), which is the modern standard that offers better security and lower transaction fees. Long-dormant holders frequently migrate to these upgraded formats to secure their assets before making any major financial moves.