Crypto
AI Summary
- Major crypto players like Tether and Bybit reported significant Q2 profits and expanded services, with Tether earning $1.5 billion and Bybit adding tokenized stocks as collateral, despite a general market downturn that saw Bitcoin prices dip to two-week lows.
- Ex-FTX users are seeing funds released in a substantial $900 million distribution round, marking a significant step in the aftermath of the exchange's collapse.
- A critical security flaw in Coldcard hardware wallets has led to an exploit draining approximately $38 million in Bitcoin, raising concerns about the safety of self-custody solutions and potentially driving users towards more regulated options like ETFs.
- The burgeoning field of tokenized real-world assets (RWAs) is gaining traction, with RWA perpetual futures volume nearing that of Bitcoin on major platforms like Hyperliquid and Binance, signaling a growing appetite for institutional adoption of tokenized traditional finance assets.
- Regulatory scrutiny in the US continues, with New York suing Kalshi over alleged illegal gambling and Circle securing a New York trust charter for its subsidiary, indicating an ongoing push for clarity and compliance within the crypto ecosystem.
Sources
Cointelegraph
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Bank of Italy finds no consistent cost advantage for stablecoin remittances
2 hours ago
by Cointelegraph by Nate Kostar
Latest NewsResearchers found that fiat conversion costs and payment infrastructure, rather than blockchain fees, accounted for most of the differences in stablecoin remittance costs and settlement times.
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Pump.fun laid off workers before they received millions in PUMP tokens: Report
3 hours ago
by Cointelegraph by Turner Wright
Latest NewsPump.fun co-founder Noah Tweedale reportedly attributed the layoffs to the company growing too quickly.
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Here’s what happened in crypto today
4 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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Ex-FTX users report funds being released in $900M distribution round
5 hours ago
by Cointelegraph by Turner Wright
Latest NewsSeveral users of the long-defunct crypto exchange reported that distribution agents had begun releasing funds to reimburse creditors for some of their 2022 losses.
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Tether earns $1.5B in Q2 as US Treasury holdings fuel profits
6 hours ago
by Cointelegraph by Sam Bourgi
Latest NewsTether’s reserve surplus grew to $4.11 billion in the second quarter as USDT supply rose despite a weaker stablecoin market and continued pressure across the crypto sector.
CoinDesk
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Tether posts $1.5 billion operating profit in Q2 as reserve buffer falls by half
4 hours ago
by Olivier Acuna
Finance, Tether, Stablecoins, Bitcoin News, NewsThe world’s largest stablecoin issuer added 14 metric tons of gold and about 1,800 bitcoin to its reserves during the second quarter.
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The good and the bad of perps, according to crypto traders
4 hours ago
by Omkar Godbole
Finance, Perps Week 2026, FeatureBoth retail and institutional traders worry about the funding rate.
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Coldcard's $38 million (so far) exploit shakes faith in self-custody, may push investors to ETFs
5 hours ago
by Krisztian Sandor
Finance, Bitcoin News, Hack, NewsA software bug in popular hardware wallet Coldcard that led to the theft to this point of nearly 600 bitcoin worth roughly $38 million is prompting questions about security and whether managing private keys has become too risky for everyday investors.
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Quantum computing nears commercial breakthrough, IBM CEO says
7 hours ago
by Helene Braun
Markets, quantum computing, NewsArvind Krishna said quantum computing will begin generating meaningful revenue before the decade ends as investment in the sector accelerates, in an interview on CNBC.
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Crypto faces 3 barriers to next bull run, STS Digital CEO says
7 hours ago
by Will Canny
Markets, Crypto Trading, Exclusive, STS Digital, crypto options, Regulation, Bitcoin News, NewsInstitutional options selling, AI and delayed U.S. crypto regulation are weighing on bitcoin, according to STS Digital CEO Maxime Seiler.
Decrypt
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Google Yanks Google Earth AI Image Tool a Day After Launch Over Deepfake Fears
2 hours ago
by Decrypt Agent
Artificial IntelligenceThe Nano Banana tool let users generate fake satellite scenes from a text prompt, alarming investigators who rely on Google Earth to verify breaking news and atrocities.
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AI Music Company Suno Loses Copyright Case in Germany
2 hours ago
by Jason Nelson
Artificial IntelligenceThe decision requires AI companies to license copyrighted music used to train models and generate songs, marking another legal win for music rights holders in Europe.
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US Is Banning Foreign Robots—Even Roombas
2 hours ago
by Jason Nelson
TechnologyNew restrictions block future models of foreign-made robots and connected power inverters from receiving FCC approval after U.S. national security agencies warned they could pose cybersecurity and supply chain risks.
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Tether Reports $1.5B Q2 Profit as USDT Supply Grows, Gold Holdings Rise
5 hours ago
by Jason Nelson
BusinessThe latest attestation offers a snapshot of the assets backing the world's largest stablecoin, including U.S. Treasuries, repo agreements, and more than 146 metric tons of gold.
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Circle Lands New York Trust Charter as Stablecoin Issuer Expands Regulatory Footprint
7 hours ago
by Jason Nelson
BusinessThe approval comes weeks after Circle won federal approval to establish a national trust bank, adding another license as the USDC issuer expands.
AMBCrypto
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U.S. Treasury yield hits 2007 high – What it means for Bitcoin
2 hours ago
by Olayiwola Dolapo
Bitcoin, News, Social, Trading View, ambcryptoCan Bitcoin sustain local rallies while U.S. demand remains absent?
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XRP exchange withdrawals hit multi-year high as selling pressure fades
3 hours ago
by Akashnath S
News, News 1, Ripple, Social, Trading ViewAt the same time the withdrawal transactions reached multi-year highs, XRP exchange inflows reached their lowest level ever.
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MSTR stock price falls after Strategy reports $8.3B unrealized Bitcoin loss
4 hours ago
by Akashnath S
Bitcoin, News, News 1, Social, Trading ViewThe company's focus was on STRC as it acts as the core liquidity engine for its Bitcoin treasury loop.
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Will crypto recover? Three signals that could confirm a lasting rebound
5 hours ago
by Adewale Olarinde
Altcoin, Bitcoin, Ethereum, News, News 1, Social, Trading ViewBitcoin ETF demand is improving, but crypto market capitalization and altcoin breadth have yet to confirm a lasting recovery.
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Hyperliquid whale moves $57M HYPE to exchanges – Is $52 next?
6 hours ago
by Gladys Makena
Altcoin, News, Social, Trading View, ambcryptoHYPE’s next risk may come from tokens waiting off-exchange.