Crypto
AI Summary
- The crypto market experienced significant security concerns this week, highlighted by a $70 million loss from a Coldcard Bitcoin wallet exploit, raising questions about self-custody and potentially driving investors toward regulated ETFs.
- Regulatory actions intensified, with Minnesota enacting a crypto ATM ban, New York suing Kalshi for alleged illegal gambling, and the US Treasury sanctioning Iranian firms using Bitcoin for sanctioned-evasion networks.
- Tether reported a substantial $1.5 billion Q2 profit, driven by its US Treasury holdings, while Circle secured a New York trust charter, signaling continued expansion within the regulated financial landscape.
- Bitcoin ETFs saw significant inflows, ending July in the green, despite broader market volatility and some late-month selling pressure, indicating sustained institutional interest.
- The burgeoning intersection of AI and crypto presented new challenges, as AI-powered scams become more convincing and traditional companies grapple with AI's implications for copyright and data privacy, while projects like XDC explore 'agentic finance'.
Sources
Cointelegraph
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Onchain, in court: What happened in crypto legal news this week
an hour ago
by Cointelegraph by Turner Wright
Latest NewsA case tied to defunct crypto exchange FTX moves forward, a soldier seeks to dismiss over a Polymarket bet and a former congressman was ordered to pay $35,000 for manipulative trading.
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Minnesota crypto ATM ban goes into effect after reported $1M losses
4 hours ago
by Cointelegraph by Turner Wright
Latest NewsState officials reported that Minnesota residents, and largely senior citizens, had lost about $1 million from scams tied to crypto kiosks from 2023 to 2025.
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Crypto PAC pours another $1M into Michigan House race
7 hours ago
by Cointelegraph by Turner Wright
Latest NewsMichigan incumbent Shri Thanedar’s re-election bid against other Democratic candidates is getting more about crypto with an infusion of ads funded by an industry-aligned PAC.
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Russia expands crypto mining ban to Moscow through 2032
12 hours ago
by Cointelegraph by Helen Partz
Latest NewsRussia has added Moscow, the Moscow Region and parts of Kursk Region to its cryptocurrency mining ban list, citing power supply concerns behind the restrictions.
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Coldcard Bitcoin loss estimate rises to $70M after Galaxy analysis
13 hours ago
by Cointelegraph by Helen Partz
Latest NewsGalaxy Research identified 1,196 addresses that lost 1,082.65 Bitcoin in a 41-minute window, expanding the estimated scope of the Coldcard wallet incident.
CoinDesk
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Bitcoin cold-wallet attack spreads to 4,500 addresses as losses near $89 million
2 hours ago
by Shaurya Malwa
Tech, NewsGalaxy Research flagged a third wave of sweeps tied to weak Coldcard-generated keys, with the attacker now targeting smaller balances and changing how funds are collected onchain.
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Tokenized stock trading surged 288% in July, but one QQQ token drove most of it
6 hours ago
by Francisco Rodrigues
Markets, Binance, Tokenization, NewsWithout that QQQ token, QQQB, July volume for tokenized equities would be roughly $2.03 billion, about 30% below June’s total.
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Bank of Italy research suggests stablecoins aren't necessarily cheaper for remittances
6 hours ago
by Jamie Crawley
Finance, Stablecoins, NewsA mystery-shopping experiment found that exchange fees, foreign exchange spreads and banking rails mean stablecoin remittances are often no cheaper than traditional transfer means.
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Bitcoin mining difficulty shrinks 14% from this year's high as plunging revenues force operators to pivot
7 hours ago
by Francisco Rodrigues
Finance, Bitcoin Mining, Bitcoin News, NewsDifficulty falls as weak mining economics reduce capacity, while forward markets signal little relief through year-end.
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SEC to review Nasdaq bitcoin options approval after CME challenge
7 hours ago
by Francisco Rodrigues
Policy, Nasdaq, SEC, NewsCME argues that because bitcoin is a commodity, options tied to its value fall under CFTC jurisdiction, not the SEC's authority.
Decrypt
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CZ Warns Bitcoin Holders After $70 Million Wallet Exploit: 'Nothing Is 100%'
6 hours ago
by Decrypt Staff
TechnologyThe Binance founder urged holders to spread funds across multiple wallets as Galaxy Research put the toll from the Coldcard exploit at roughly $70 million—nearly double the initial estimate.
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The More Americans Know About AI, the Less They Like It: Gallup
7 hours ago
by Jason Nelson
Artificial IntelligenceGallup says Americans are growing more skeptical of artificial intelligence, with rising concerns about job losses, businesses' use of the technology, and the technology’s growing impact.
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Google Yanks Google Earth AI Image Tool a Day After Launch Over Deepfake Fears
a day 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
a day 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
a day 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.
AMBCrypto
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Are Bitcoin’s 7% July gains masking an extremely skeptical market?
an hour ago
by Akashnath S
Bitcoin, News, Social, Trading View, ambcryptoFalling spot volume and extreme bearish online engagement highlighted the severity of Bitcoin market sentiment.
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Strategy to increase Bitcoin sales to $5B – Will the 4X selling pressure affect BTC?
2 hours ago
by Benjamin Njiri
Bitcoin, News, Social, Trading View, ambcryptoWill BTC's largest whale affect the market with its selling plans?
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Tagger [TAG] surges 14%, hits 2 month high after whale accumulation – What’s next?
4 hours ago
by Gladys Makena
Altcoin, News, Social, Trading View, ambcryptoWhale accumulation revived TAG, but leveraged traders may decide whether the rally survives.
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PUMP gains 10% as Pump.fun revenue rises – Will $0.002245 break?
6 hours ago
by Kelvin Murithi
Memecoins, News, Social, Trading ViewCan improving Pump.fun activity convert PUMP’s momentum into a sustained breakout?
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Tether posts $1.5B net profits in Q2 as USDT users hit record high: Details
8 hours ago
by Benjamin Njiri
News, Social, Stablecoins, Trading View, ambcryptoStablecoin market shed off $15B in value in Q2