Crypto

The settlement follows a watchdog report last year that blamed “avoidable errors” for the loss of nearly a year’s worth of Gary Gensler’s text messages. The US Securities and Exchange Commission agreed to pay $150,000 in legal fees to settle a Coinbase lawsuit seeking internal records from the agency at the height of the Biden-era SEC crackdown on crypto.  The agreement, filed on Wednesday, ends a two-year lawsuit between the SEC and Coinbase, in which the crypto exchange sought internal documents from the regulator to uncover evidence of “crypto by enforcement.” An internal report in 2025 revealed the SEC had deleted nearly a year of former SEC Chair Gary Gensler’s texts due to “avoidable” errors.  “The agency tasked with policing corporate record-keeping somehow lost reams of its own text messages between Mr. Gensler and other officials during the most intense period of the anti-crypto campaign,” said Coinbase chief legal officer Paul Grewal in an op-ed published by the Wall Street Journal on Wednesday, add...

AFX, a decentralized perpetual exchange operating on Arbitrum, reportedly lost $24.15 million on Wednesday, while the Verus Ethereum bridge was attacked hours later. Hackers stole more than $31.6 million across two unrelated crypto bridge exploits spaced just hours apart, targeting bridges operated by decentralized perpetual exchange AFX and Verus Protocol.  According to Blockaid, AFX, a decentralized perpetual exchange operating on Arbitrum, reportedly lost $24.15 million on Wednesday through a hack targeting one of its crosschain bridges. Hours later, Blockaid said it detected an exploit targeting the Verus Ethereum Bridge that resulted in about $7.5 million in crypto being stolen.  The back-to-back exploits highlight the continued security risks facing crosschain bridges, which hold large pools of assets and move funds between separate blockchains.  Read more

Senator Cynthia Lummis, one of the lead negotiators on the bill, told CoinDesk she was "pleased" that the updated bill was ready for release.

Several of the Democrats most likely to vote for the crypto market structure bill said they had issues with the new draft published by Republicans earlier in the day.

The MOVE token is trading more than 99% below its all-time high of $1.45 and hit an all-time low barely two days ago.

The company's "Everything Exchange" is heading north. No launch date set yet, but the Coinbase Canada CEO says phase two for the company is in motion.

The benchmark tracks blockchain networks using protocol revenue, offering an alternative to traditional market capitalization-weighted crypto indexes. S&P Dow Jones Indices and Pantera Capital launched a digital asset index that tracks blockchain networks and protocols based on protocol revenue, marking a departure from crypto benchmarks built around market capitalization or token prices. The index draws from the S&P Cryptocurrency Broad Digital Asset Index but only includes assets that meet minimum thresholds for protocol revenue, market capitalization and liquidity. Eligible networks are then ranked by aggregate protocol revenue over the previous two quarters and weighted by adjusted market capitalization, with the largest holding capped at 35% and the remaining constituents generally capped at 20%. The index is rebalanced quarterly. According to an announcement from the companies, the benchmark is intended for institutional allocation and may serve as the basis for investment products or as a reference for...

The electric vehicle maker maintained its 11,509 BTC treasury through the second quarter as bitcoin declined 14%, alongside mixed earnings that beat revenue expectations but missed on profit.

Donavan McKinney, running against Michigan incumbent Shri Thanedar, said that “the crypto lobby is paying my opponent back for helping Trump“ with the PAC-funded ads. An affiliate of the cryptocurrency-aligned political action committee (PAC) Fairshake is attempting to influence voters in a primary race for Michigan’s 13th congressional district, with about $1 million in media on the line. In filings with the US Federal Election Commission (FEC) as of Tuesday, the Protect Progress PAC had spent more than $986,000 on ads supportive of Democratic incumbent Shri Thanedar and opposing his challenger, Donavan McKinney. The reported expenditures came two weeks before the Democratic candidates were set to face off in an Aug. 4 primary to determine who will stand in the November general election. Source: FEC Read more

The case centers on equal treatment, with challengers claiming blockchain users should not face different tax rules than traditional finance.

Payward and fintech GTN are teaming up to bring xStocks—blockchain-based copies of real company shares—to Hong Kong, the UK, Europe, and South Korea.

Qwen Image 3.0 generates dense newspapers and infographic grids in one shot and renders text down to 10 pixels. The catch: no benchmarks, no open weights.

The asset manager argues that AI software capable of paying for things autonomously will need blockchain rails to work—and that most investors aren't positioned for it.

Bitcoin is safe today, but signatures, software, custodians and users would need years to coordinate a defense. The post Galaxy puts $5 million behind Bitcoin’s race to migrate before quantum risk arrives appeared first on CryptoSlate.

The good news: Bitcoin is holding onto key support, and rising. The bad news: a "death cross" is still active, and prediction markets are still overwhelmingly bearish.

According to Senator Cynthia Lummis, one of the bill’s advocates, the ethics language would apply to US presidents’ crypto ventures, including Donald Trump’s. Senate Republicans have released the proposed text for the Digital Asset Market Clarity (CLARITY) Act, including language on ethics that would bar all US federal officials — including President Donald Trump — from issuing or sponsoring any digital asset. In the 616-page text of the CLARITY Act made public on Wednesday, US lawmakers included language that the White House described as the “most comprehensive and wide-ranging ethics provision in history.“ The bill said all public officials, employees and their spouses would be barred from issuing or sponsoring digital assets and crypto platforms would similarly be blocked from listing assets issued or sponsored by federal officials. Text of CLARITY Act released on Wednesday. Source: Cynthia Lummis Read more

An ascent to $2,400 or crash to $1,000: what comes next for ETH?

On July 22, US Senate Republicans released an updated version of the CLARITY Act, moving one of Washington’s most consequential cryptocurrency bills back toward a potential floor vote. The updated text follows weeks of negotiations and seeks to establish a broad federal market-structure framework for digital assets in the United States. The proposal addresses several […] The post New CLARITY Act update bans officials including presidents from issuing or even holding crypto tokens appeared first on CryptoSlate.

Anthropic will provide Claude AI models to companies participating in the UK Financial Conduct Authority’s next Supercharged Sandbox cohort, as the regulator pushes to test AI applications in financial services. Anthropic will provide its Claude AI models to firms participating in the UK Financial Conduct Authority’s (FCA) second Supercharged Sandbox cohort, expanding the regulator’s effort to help financial companies test artificial intelligence applications in a controlled environment. Participants will receive access to Claude, including Claude Code and Claude Cowork, to develop applications ranging from agent-led payments and fraud detection to compliance automation and AI governance. The second cohort includes 21 organizations, among them Scottish Widows, Money Advice Trust and TrueLayer. Read more

The long-awaited market-structure bill would block officials and their spouses from issuing digital assets and shield non-custodial developers, but the ethics ban expires in 2029 and enforcement rests solely with the DOJ.