Crypto
AI Summary
- Institutional players like Galaxy are expanding their crypto services in New York following the acquisition of a BitLicense, signaling continued growth in regulated digital asset offerings.
- Despite recent market volatility and outflows, Bitcoin miners like Soluna are seeing revenue jumps, partly due to their hosting businesses offsetting weaker mining performance, indicating diversification within the sector.
- The crypto industry is grappling with the increasing influence of Artificial Intelligence, with companies like Kraken implementing AI for efficiency while researchers like Citi warn of quantum computing threats to Bitcoin.
- Tokenization is gaining traction with proposals and infrastructure development in the UK and by firms like Deploi on Polygon, suggesting a future where traditional assets could be integrated into blockchain networks.
- Major Bitcoin investors, including Michael Saylor's MicroStrategy, continue to accumulate significant amounts of Bitcoin, even amidst market dips and institutional outflows, highlighting strong long-term conviction.
Sources
Cointelegraph
-
Retail Bitcoin investor demand falls by 73% as futures selling tops $2B: Are the bears back?
3 hours ago
by Cointelegraph by Biraajmaan Tamuly
MarketsBitcoin retail inflows to Binance remained at record lows as aggressive BTC futures selling and weakening spot demand pressured BTC below $77,000.
-
Odds against rate cuts high as new US Fed chair set for swearing in
4 hours ago
by Cointelegraph by Turner Wright
Latest NewsMany experts voiced concerns that the confirmation of Kevin Warsh as Federal Reserve chair would lead to uncertainty about the central bank’s independence, particularly in setting interest rates.
-
Galaxy secures New York BitLicense to expand institutional crypto services
4 hours ago
by Cointelegraph by Sam Bourgi
Latest NewsThe NYDFS approvals allow GalaxyOne Prime NY to offer trading and financing services to institutional investors in one of the most tightly regulated US crypto markets.
-
Bitcoin lost its hold on $80K, but three events may send it back sooner than markets expect
5 hours ago
by Cointelegraph by Marcel Pechman
MarketsBitcoin positions itself for a rally above $80,000 after Strategy's $2 billion BTC buy, crumbling investor confidence in the US Treasury and a potential US-Iran deal.
-
Soluna revenue jumps 58% as hosting business offsets weaker Bitcoin mining
5 hours ago
by Cointelegraph by Sam Bourgi
Latest NewsHosting revenue outpaced mining as new capacity came online, highlighting Soluna’s shift toward data centers for AI and high-performance computing.
CoinDesk
-
SEC to propose tokenized stock framework as Wall Street efforts deepen: Bloomberg
4 hours ago
by Krisztian Sandor
Policy, Tokenization, NewsThe U.S. Securities and Exchange Commission is reportedly poised to release a major crypto proposal as it seeks to institute its digital assets agenda.
-
Minnesotan banks and credit unions set to provide crypto custody August 1
6 hours ago
by Olivier Acuna
Policy, Cryptocurrency, Custody, NewsMinnesota established the midwest’s first unified digital asset safety net for banks and credit unions.
-
Hyperliquid's USDC deal could supercharge HYPE, pressure Circle, Coinbase margins, analysts say
6 hours ago
by Krisztian Sandor
Markets, Circle, Coinbase, Stablecoins, NewsThe revenue share deal could shift an estimated $160 million in revenue from Coinbase and Circle into Hyperliquid's ecosystem, Compass Point analysts said.
-
Revolut wants to take Dogecoin mainstream with its new physical payment card
8 hours ago
by Helene Braun
Markets, NewsThe European fintech giant is launching a physical debit card that lets users spend the popular meme coin anywhere Visa and Mastercard are accepted with zero extra exchange fees.
-
Solana is shedding its memecoin reputation as big banks move billions into its ecosystem
9 hours ago
by Helene Braun
Markets, Solana News, NewsWall Street and payment giants are quietly taking over Solana, moving billions onto the network for tokenized funds and global payments even as the broader crypto market cools down, according to a new report by Messari.
Decrypt
-
Lawyers Apologize After Fake Claude-Generated Quotes Appear in Trump Layoffs Case
5 hours ago
by Jason Nelson
Law and OrderAttorneys representing a former Homeland Security official admitted using Anthropic’s Claude Console to help draft a court filing that included fabricated quotes.
-
AI Still Can't Beat the On-Call Engineer: Here's Why
6 hours ago
by Jose Antonio Lanz
Artificial IntelligenceThe best AI models can't yet beat the engineers they’re supposed to replace at fixing real-world problems, a new benchmark suggests.
-
Bitcoin Faces Greater Quantum Computing Risk Than Ethereum, Citi Warns
6 hours ago
by Decrypt Agent
TechnologyBoth Bitcoin and Ethereum face a quantum computing threat, but Citi says the gap between them comes down to governance, not just technology.
-
Swan Bitcoin Hit With Nearly $1 Billion Lawsuit Over Prime Trust Collapse
7 hours ago
by Logan Hitchcock
Law and OrderThe lawsuit alleges that the Bitcoin-centric financial services firm took advantage of insider information to escape major losses.
-
This Open-Source Phone AI Agent Sees, Hears and Acts—All Without Touching the Cloud
7 hours ago
by Jose Antonio Lanz
Artificial IntelligenceOppo's X-OmniClaw runs directly on your Android device, using the camera, screen, and microphone to execute real tasks inside real apps.
AMBCrypto
-
$500mln in longs wiped, conviction intact: Is Bitcoin’s pullback a healthy reset?
2 hours ago
by Ritika Gupta
Bitcoin, BTC Trading View, Global News, News, News 1, Social, Trading View, ambcryptoLeverage flush or structural breakdown? Market caught between price weakness and on-chain strength.
-
BUILDon: Why THIS support is crucial after a 64% volume drop
3 hours ago
by Erastus Chami
Altcoin, News, News 1, Social, Trading ViewBUILDon’s sharp correction reflected weakening demand, declining leverage exposure, and fading bullish strength.
-
SBI, Rakuten eye Bitcoin and Ethereum trusts – What it means for Japan
4 hours ago
by Muriuki Lazaro
Global News, News, News 1, Social, Trading View, ambcryptoJapan’s crypto reforms and brokerage expansion accelerated mainstream retail and institutional adoption.
-
Ethereum sees $246mln in liquidations – Can ETH hold $2015 support?
6 hours ago
by Kelvin Murithi
Altcoin, Ethereum, News, News 1, Social, Trading ViewETH lost bullish momentum quickly, yet some whales continued adding risk during the decline.
-
Tether pushes USDT deeper into cross-border payments with LemFi investment
6 hours ago
by Adewale Olarinde
News, News 1, Social, Stablecoins, Trading ViewTether is expanding USDT’s role in global remittances through a new investment in cross-border payment platform LemFi.