Crypto
AI Summary
- US authorities have sanctioned two Iran-linked cryptocurrency exchanges for alleged illicit financial activities, intensifying efforts to curb sanctions evasion within the digital asset space.
- Donald Trump's media company has reportedly terminated its deal with Crypto.com, signaling a retreat from certain cryptocurrency ventures and potentially impacting its treasury strategy.
- The much-discussed CLARITY Act, aiming to establish regulatory frameworks for digital assets, has seen its Senate vote postponed to September, creating uncertainty for the burgeoning crypto industry.
- Major crypto players like Wintermute are expanding their U.S. operations, securing broker-dealer approval to engage in traditional financial markets, including potential involvement in crypto ETFs.
- Recent market activity shows a significant portion of Bitcoin moving from older wallets, coinciding with a Coldcard security exploit, though a direct causal link remains debated among analysts.
Sources
Cointelegraph
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Donald Trump’s media company to terminate Crypto.com deal
4 hours ago
by Cointelegraph by Turner Wright
Latest NewsThe president’s company will unwind an agreement with Crypto.com to create a multibillion-dollar CRO treasury and reportedly not integrate prediction markets onto Truth Social.
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US Treasury’s OFAC sanctions 2 Iran-linked crypto exchanges
5 hours ago
by Cointelegraph by Turner Wright
Latest NewsThe US government sanctioned an individual and two crypto exchanges it said facilitated money laundering for a combined $5 million in digital assets linked to Iran.
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Here’s what happened in crypto today
7 hours ago
by Cointelegraph by Sam Bourgi
Latest NewsNeed to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.
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Circle expands USDC to OKX ecosystem with X Layer launch
8 hours ago
by Cointelegraph by Sam Bourgi
Latest NewsThe rollout gives X Layer users access to Circle-issued USDC and crosschain transfers as the stablecoin expands across major blockchain ecosystems.
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Reform UK chair calls for probe into SBF-linked donation: Report
8 hours ago
by Cointelegraph by Turner Wright
Latest NewsAs the chairman of the Reform UK calls for an investigation into a FTX-linked political donation, the party’s leader prepares to face voters amid his own crypto-related scandal.
CoinDesk
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Trump Media pulls back from crypto, scraps Crypto.com's CRO token treasury deal
4 hours ago
by Krisztian Sandor
Finance, Trump, Donald Trump, Digital Asset Treasury, NewsThe Truth Social parent company is refocusing on media and its pending merger with a fusion energy firm, as the digital asset treasury boom has lost its steam.
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Trump-Backed American Bitcoin director Justin Mateen buys nearly $2 million of ABTC stock
5 hours ago
by Will Canny
Finance, American Bitcoin, Exclusive, Eric Trump, NewsMateen purchased more than 306,000 shares across two days following the company's quarterly earnings, lifting his stake to more than 492,000 shares.
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U.S. widens Iran crypto crackdown with sanctions on two exchanges
7 hours ago
by Krisztian Sandor
Policy, Iran, NewsThe Treasury's OFAC targeted Shelbit and Aban Tether as Washington continues its effort to cut Tehran's access to crypto and foreign currency.
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BitMEX sale collapsed as buyers balked at founder ownership and shrinking business
8 hours ago
by Will Canny
Finance, mergers and acquisitions, BitMEX, Exclusive, Crypto Trading, NewsPotential buyers, including Exodus, passed on BitMEX amid concerns over founder ownership and its shrinking business, according to a source familiar.
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Bybit sues North Korea and Lazarus Group over $1.5 billion hack, secures asset freeze
9 hours ago
by Ian Allison
Policy, NewsThe exchange has secured a preliminary injunction freezing stolen assets.
Decrypt
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Trump Media Abandons Crypto Treasury, Prediction Market Ventures
4 hours ago
by Jason Nelson
BusinessTruth Social's parent company is unwinding two major Crypto.com deals as new leadership shifts its focus to media, data licensing, and a planned merger with fusion energy company TAE.
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Treasury Sanctions Crypto Exchanges It Says Laundered Millions for Iran
5 hours ago
by Jose Antonio Lanz
Law and OrderThe U.S. Treasury sanctioned two crypto exchanges it says laundered millions of dollars for Iran's Revolutionary Guard, naming a Georgia- and UAE-based operator and an Iran-based platform.
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Bitcoin Payment Service BTCPay Warns Critical Flaw Is Under Active Attack
5 hours ago
by Jason Nelson
BusinessBitcoin company BTCPay Server told users to install the latest version of the server and replace credentials that may have been exposed.
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Flock Wanted to Turn 350,000 Uber Drivers Into a Nationwide Plate-Scanning Fleet
6 hours ago
by Jose Antonio Lanz
TechnologyA leaked Flock presentation shows the surveillance firm pitching a plan to pull license-plate data from rideshare and delivery drivers.
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XRP at a Crossroads as Senate Punts on Clarity Act
8 hours ago
by Jose Antonio Lanz
MarketsXRP is taking the Clarity Act news harder than the rest of the crypto market. Here's why.
AMBCrypto
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Russia shuts down 9 crypto exchanges in major Moscow crackdown — Details
an hour ago
by Samyukhtha L KM
Global News, News 1, Social, Trading ViewThe platforms reportedly helped convert stolen funds into crypto and moved them abroad.
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Ethereum: EIP-8361 targets inflation, yet 99.7% signal ‘No’ – Why?
2 hours ago
by Benjamin Njiri
Ethereum, News, Social, Trading View, ambcryptoEthereum Foundation is now under fire for the infamous proposal
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BONK crashes 10% – Why THIS indicator hints at seller exhaustion
4 hours ago
by Olayiwola Dolapo
Memecoins, News, Social, Trading ViewSeller exhaustion is not off the table for BONK, even after fresh all-time lows on the Binance and OKX charts.
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Cardano’s price up 18% in a week as Dijkstra era planning spurs upside
5 hours ago
by Akashnath S
Analysis, Cardano, HideCryptopanic, News, Social, Trading View, ambcryptoThe altcoin could challenge the overhead supply zone 25% higher next.
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Ethena: Amber-linked wallet buys $3.58M, yet ENA demand stays weak
6 hours ago
by Gladys Makena
Altcoin, News, Social, Trading View, ambcryptoOne large wallet bought ENA, but the rest of the market had yet to follow.