USDT is disappearing from regulated European platforms, but there is little sign that it has resulted in weakening global demand for Tether. Europe’s crackdown on Tether’s USDT is entering a new phase. When Revolut told European users it would delist USDT after Aug. 31, it became another in a long line of European platforms restricting access to the world’s largest stablecoin as firms adapt to the requirements of the EU’s Markets in Crypto-Assets (MiCA) regulation. MiCA’s stablecoin rules have been phasing in since 2024, and the EU-wide transition period ended on July 1, putting further pressure on platforms to drop tokens that don’t meet the rules. Read more
Bitdeer expects revenue from the five-year agreement to begin in early 2027 as it builds toward 350 megawatts of AI cloud capacity by 2028. Bitcoin mining company Bitdeer’s artificial intelligence (AI) division, Bitdeer AI, signed a five-year customer deal covering about 50% of the capacity of its A102 Malaysia facility before its energization. The deal was signed with an undisclosed customer of “high credit quality” and is expected to bring approximately $400 million in total revenue, Bitdeer revealed in a Wednesday announcement. Revenue and associated costs are expected to begin in the first quarter of 2027 when services commence. Bitdeer AI is targeting 350 megawatts of AI cloud data center capacity by the first quarter of 2028. Read more
Rapid7 unveiled a new cryptocurrency phishing campaign targeting 885,000 phone numbers, aiming to steal investors’ holdings by redirecting them to fake wallet provider websites. Cybersecurity firm Rapid7 unveiled a new cryptocurrency phishing campaign known as Operation Asterix, targeting roughly 885,000 phone numbers from several countries to steal cryptocurrency investors’ assets. The phishing campaign led to 5,576 accounts matched to users on crypto exchange Binance, which were queued for attack, while the recovered logs also showed fake emails impersonating Crypto.com, according to a Monday report by Rapid7. Of the 885,000 phone numbers, the largest file included 316,002 German mobile numbers, with additional directories covering Hong Kong, Bulgaria, the UK, the US, Canadian fintech companies and additional Ledger-related lists. Read more
Investors have poured more than $1 billion into US spot Bitcoin ETFs this week as BTC neared $72,000 and Ether climbed 19% to about $2,286 on Thursday. US spot Bitcoin exchange-traded funds (ETFs) recorded $517.2 million in net inflows on Wednesday, their largest single-day investment since May 4, pushing August net inflows to $1.47 billion. The funds have taken in about $1 billion since Monday, already their strongest weekly net inflow since the week ended Jan. 16, when they attracted about $1.42 billion. The inflows came as crypto prices rallied on Wednesday, alongside a US Treasury decision to expand buybacks of longer-dated government debt and renewed attention on crypto regulation after President Donald Trump urged Congress to advance the CLARITY Act at a White House event. Read more
While Webull reported a record $198 million in second-quarter revenue, cryptocurrency trading only generated about $2.25 million of the quarter’s revenue stream. Webull said Wednesday that cryptocurrency trading accounted for $2.25 million, or a little over 1% of the platform’s record $198 million revenue for the second quarter of 2026. Revenue for the period was up 51% year-over-year, according to online brokerage and digital trading platform’s Wednesday earnings release. That’s as equity and options trading generated $112 million of the quarterly income, or about 56% of the total $198 million. Read more