Crypto
AI Summary
- Regulators are intensifying scrutiny, with the US Treasury proposing rules for stablecoins under the GENIUS Act and Austria issuing its first MiCA penalty to Bitpanda, while Ireland plans industry standards for illicit crypto use.
- Major players like Binance are navigating complex regulatory landscapes, facing reports of providing client data to Russian authorities in a terrorism financing case and seeking an FCA license for a UK relaunch.
- Significant exploits and security concerns persist, including a Coldcard hack revealing a years-long theft campaign potentially exceeding $150 million, and data leaks affecting wallet users and crypto brokers.
- The crypto market is seeing mixed signals with Bitcoin hovering around $64K amid ETF outflows, while developments in AI and tokenized stocks show potential for future growth, despite some analysts predicting altcoins are 'basically dead'.
- Institutional adoption continues with South Korean banks exploring Ripple for cross-border payments and companies like Compound pivoting towards institutional focus, though some projects like Harmony are planning rollbacks after exploits.
Sources
Cointelegraph
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Here’s what happened in crypto today
an hour ago
by Cointelegraph by Ezra Reguerra
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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Ethereum Foundation warns some tools may break with Glamsterdam upgrade
2 hours ago
by Cointelegraph by Ezra Reguerra
Latest NewsDevelopers have been urged to test on Plataberget before Glamsterdam’s new gas model reaches Ethereum’s other testnets and mainnet.
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South Korea’s Jeonbuk Bank taps Ripple for cross-border payments
3 hours ago
by Cointelegraph by Ezra Reguerra
Latest NewsRipple is bringing its cross-border payments platform to Jeonbuk Bank, but key details including its launch status and settlement asset remain undisclosed.
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Alleged $165M crypto Ponzi mastermind faces US charges after Fiji deportation
4 hours ago
by Cointelegraph by Ezra Reguerra
Latest NewsProsecutors allege Edward Zimbardi collected crypto from thousands of investors, lost over $34 million on currency trades and spent at least $10 million personally.
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‘Fabricated rumors’ about BitMart founder, Binance bStocks dominate: Asia Express
6 hours ago
by Cointelegraph by Andrew Fenton
MagazineBinance’s bStocks are the second largest tokenized stock issuer just two months after launch, and BitMart’s internal feud erupts into the spotlight ahead of its closure
CoinDesk
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XRP slips below $1 even as a Korean regional bank adopts Ripple Payments
2 hours ago
by Shaurya Malwa
Markets, NewsJeonbuk Bank will use Ripple’s 24/7 cross-border payment service for business remittances, but it is unknown whether the flows will use XRP or Ripple’s RLUSD stablecoin.
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Monad, an Ethereum rival, offered early investors up to $60 million to cash out. Almost all said no
2 hours ago
by Shaurya Malwa
Markets, NewsThe program came three months before investor unlocks begin, with MON trading below its public-sale price and most of the token supply still outside circulation.
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Bitcoin climbs above $64,000 while most majors slip
3 hours ago
by Shaurya Malwa
Markets, NewsMiners have cut their computing power by a fifth over three quarters to make room for AI, and Venice's token jumped 10% after the company said it crossed $100 million in annualised revenue.
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Kraken parent Payward joins Anthropic’s Project Glasswing for AI security push
9 hours ago
by Will Canny
Tech, Payward, Kraken, Artificial Intelligence, NewsPayward will use Anthropic’s cybersecurity model to hunt vulnerabilities and share open-source findings.
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Saylor says share buyback isn’t priority as Strategy builds $4.8 billion cash reserve
12 hours ago
by Helene Braun
Markets, MicroStrategy, NewsStrategy is prioritizing STRC, cash reserves, and its credit business over stock buybacks, Executive Chairman Michael Saylor said Monday.
Decrypt
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Kraken Parent Payward Joins Glasswing, Gets Access to Claude Mythos to Hunt Security Flaws
9 hours ago
by Jason Nelson
Artificial IntelligencePayward is joining Project Glasswing, Anthropic’s program for giving vetted organizations access to its powerful cybersecurity AI.
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Minnesota Says xAI's Grok Created 'Marketplace for Digital Sexual Violence'
9 hours ago
by Jason Nelson
Artificial IntelligenceElon Musk’s AI firm says the state’s first-of-its-kind nudification ban violates the First Amendment. Minnesota says it regulates a tool, not speech.
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Prediction Markets Give the Fed 74% Odds of Standing Pat in September
10 hours ago
by Jose Antonio Lanz
MarketsTraders across Polymarket, Kalshi, and Myriad are leaning the same way: no change at the September meeting.
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Treasury Proposes Rules Defining Who Can Legally Sell Stablecoins in US
11 hours ago
by Jason Nelson
Law and OrderExchanges and other crypto platforms would face new restrictions on selling stablecoins to US customers beginning in 2027.
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OpenAI’s Answer to Rogue Agents and Hacks Is More AI, Not Less
11 hours ago
by Jose Antonio Lanz
Artificial IntelligenceOpenAI President Greg Brockman's new essay cites his company's own hack of Hugging Face to push urgent AI-powered defense.
AMBCrypto
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Russia’s grip on crypto just got tighter, and Binance is in the crossfire!
an hour ago
by Samyukhtha L KM
Global News, News, Social, Trading ViewUser data requests and EU transfer restrictions are changing how crypto works.
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Coldcard exploit reveals years-long Bitcoin theft campaign — Details
2 hours ago
by Ishika Kumari
Bitcoin, News, Social, Trading ViewWhy have losses continued 5 years after the vulnerable Coldcard firmware was released in 2021?
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Ethereum explores UTXO-style model as storage demands grow — Can it scale more efficiently?
2 hours ago
by Muriuki Lazaro
Ethereum, News, Social, Trading View, ambcryptoEthereum is now exploring lighter data storage to support network scaling.
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XLM crypto drops 16% in 30 days as selling pressure points to further losses
4 hours ago
by Akashnath S
Analysis, HideCryptopanic, News, News 1, Social, Trading ViewThe XLM crypto swing structure on the daily timeframe remained bullish due to the price action following the DTCC partnership news in May.
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XRP’s $2.16B long bet looks risky – But THIS could change the setup
7 hours ago
by Ritika Gupta
Altcoin, News, Social, Trading View, ambcryptoXRP bulls bet big as $2.16 billion in longs meets rising RLUSD momentum.