Crypto
AI Summary
- The crypto industry is grappling with a significant security vulnerability affecting hardware wallets like Coldcard, with attackers exploiting a flaw to steal an estimated $100M+ across multiple waves, prompting urgent warnings for users to move their funds.
- Major financial institutions, including BNY Mellon and BlackRock, are deepening their involvement in crypto by offering institutional staking services and launching tokenized money market funds, signaling continued mainstream adoption and integration.
- Regulatory discussions between the US and UK are reaffirming support for stablecoins and tokenization, suggesting a path toward clearer frameworks for these digital assets in the traditional financial system.
- AI continues to be a dominant theme, with companies like Bitdeer expanding AI infrastructure and exploring AI integration, although security concerns are also rising, as seen with AI-assisted hacking attempts and debates around AI's impact on security and privacy.
- Despite market volatility and specific asset concerns, such as Bitcoin's price fluctuations and the closure of some Bitcoin ETFs, the broader crypto market shows resilience, with continued development in areas like Solana's burning mechanisms and XRP's DeFi integration.
Sources
Cointelegraph
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Here’s what happened in crypto today
5 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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US, UK reaffirm support for stablecoins, tokenization in joint financial regulation talks
5 hours ago
by Cointelegraph by Sam Bourgi
Latest NewsIn a July 8 meeting, US and UK regulators highlighted the implementation of the GENIUS Act, payment modernization and cross-border cooperation, reinforcing a shared framework for digital asset oversight.
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BNY to offer institutional crypto staking through Galaxy partnership
8 hours ago
by Cointelegraph by Sam Bourgi
Latest NewsThe custody giant is expanding beyond safekeeping by adding staking services, allowing eligible institutional clients to earn yield on proof-of-stake assets.
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Bitcoin coils at $64K as Hormuz reopening timeline sends S&P 500 to $70T record
9 hours ago
by Cointelegraph by William Suberg
MarketsBitcoin built on $64,000 as hopes of the Strait of Hormuz reopening to oil traffic sent the S&P 500 index to a record $70 trillion market cap.
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Bitdeer expands AI infrastructure with long-term $4.7B data center lease
9 hours ago
by Cointelegraph by Sam Bourgi
Latest NewsA 16-year agreement secures 121 megawatts of AI computing capacity in Norway, highlighting how crypto mining companies continue to pursue new revenue streams beyond Bitcoin.
CoinDesk
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SpaceX tops Wall Street revenue forecast, posts $540 million loss on bitcoin holdings
5 hours ago
by Krisztian Sandor
Finance, SpaceX, Elon Musk, Bitcoin News, NewsElon Musk's space company posted its first earnings as a public company ahead of a major insider share unlock.
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Open USD rattled Circle's stock, but its key backers still support USDC
7 hours ago
by Krisztian Sandor
Finance, Stablecoins, Coinbase, Mastercard, Circle, NewsExecutives at Coinbase, Visa and Mastercard said they plan to support multiple stablecoins, suggesting Open USD is another payments rail rather than a direct replacement for USDC.
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Samsung is poised to become a dominant stablecoin distributor, analysts say
8 hours ago
by Olivier Acuna
Finance, South Korea, Mobile Apps, Stablecoins, NewsSamsung seeks to turn 800 million Galaxy phones into wallets for digital assets and blockchain payments, backed by a deeper play in crypto infrastructure.
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Clarity Act sits idle over Trump ethics question as Warren asks SEC to investigate him
9 hours ago
by Jesse Hamilton
Policy, Donald Trump, Memecoin, Clarity Act, NewsSenators Elizabeth Warren and Richard Blumenthal requested the U.S. Securities and Exchange Commission probe Trump's memecoin.
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Wells Fargo joins JPMorgan and Citi in the race to tokenize Wall Street’s settlement rails
9 hours ago
by Francisco Rodrigues
Finance, banks, Tokenization, tokenized deposits, NewsPayments will run on the bank’s proprietary blockchain and be routed automatically through its existing client interface.
Decrypt
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This Bitcoin Bridge Shut Itself Down Because AI Was Finding Bugs Too Fast
2 hours ago
by Jason Nelson
TechnologyNon-custodial Bitcoin swap provider Boltz says attackers are finding vulnerabilities faster than its team can fix them, forcing it to suspend swaps indefinitely.
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AI Enthusiast Bugs His Toddler's Sleepover and Feeds It to Claude—The Internet Bugs Back
3 hours ago
by Jose Antonio Lanz
Artificial IntelligenceNicholas Charriere turned an hour of nonsense into a family website with named tracks. One reply calling him creepy got more likes than his post.
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OpenAI Dumps Apple Employees' Text Messages to Fight Trade Secret Suit
3 hours ago
by Jason Nelson
Artificial IntelligenceThe ChatGPT maker released emails and text messages it says expose factual errors in Apple's lawsuit and undercut claims that former Apple employees brought confidential information to the company.
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Ledger Says Coldcard Exploit Shows Bitcoin Wallet Security Must Adapt to AI
4 hours ago
by Jason Nelson
TechnologyLedger CTO Charles Guillemet says the Coldcard exploit underscores why certified hardware randomness matters—and why AI is reshaping wallet security.
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Jim Cramer Is Selling His Bitcoin Over Quantum Threat—Crypto Twitter Is Thrilled
4 hours ago
by Jose Antonio Lanz
MarketsThe CNBC host announced the decision on air after interviewing IBM CEO Arvind Krishna, asking him whether quantum computers could eventually crack the cryptography protecting his coins.
AMBCrypto
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Unibase [UB] gains 11% while volume falls 39% – Should bulls worry?
an hour ago
by Erastus Chami
Altcoin, News, News 1, Social, Trading View, ambcryptoUnibase rallied 11% as rising Open Interest and massive short liquidations fueled a critical resistance test.
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Ethereum staking surges by 1.4M ETH – What happens to liquidity now?
2 hours ago
by Ritika Gupta
Ethereum, News, Social, Stablecoins, Trading ViewEthereum staking surge raises fresh questions over crypto market liquidity.
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Solana crypto stalls near $74 after disappointing July—can SOL reclaim $80?
3 hours ago
by Adewale Olarinde
News, News 1, Social, Solana, Trading ViewSOL remains inside a narrowing range as sellers retain a slight advantage and ETF demand fails to generate a decisive breakout.
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Ethena whales stake 40 million ENA – Is $0.098 in sight?
3 hours ago
by Gladys Makena
Altcoin, News, Social, Trading View, ambcryptoWhale staking tightened ENA’s liquid supply, but price still needs buyers above $0.09.
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$182K VELVET moved to private wallets – Accumulation strengthens as price holds
4 hours ago
by Olayiwola Dolapo
Altcoin, News, Social, Trading ViewVELVET's flush-out of over-leveraged positions hands the market a cleaner slate, but the downside risk hasn't fully cleared.