Crypto

Bitcoin pulled back from $123,000 to near $113,000 while exchange reserves remained largely unchanged, indicating a potential short-term correction risk in the near future.

A Philippine lawmaker has introduced a measure that would require the central bank to build a strategic Bitcoin reserve, marking one of the most ambitious crypto policy proposals in Southeast Asia. Representative Migz Villafuerte filed the “Strategic Bitcoin Reserve Act” in June, calling for the country’s central bank, Bangko Sentral ng Pilipinas (BSP), to purchase […] The post Philippines lawmaker introduces legislation to acquire 10,000 Bitcoin for national security reserve appeared first on CryptoSlate.

Tariffs slam US Bitcoin miners with nine-figure bills, Polkadot courts Wall Street, SharpLink loads up on ETH and Beijing hints at a yuan-backed stablecoin pivot. The Bitcoin mining industry is squarely in the crosshairs of the US-led trade war, with publicly traded miners receiving hefty invoices from US Customs and Border Protection (CBP). Yet, in a twist, a mining venture backed by US President Donald Trump’s family secured more than 16,000 rigs from China’s Bitmain without incurring additional duties. Beyond mining headwinds, the broader blockchain sector is intensifying efforts to court Wall Street as institutional adoption accelerates across exchange-traded funds, corporate treasuries and tokenized real-world assets. Ether (ETH) treasury firms are also ramping up accumulation, while reports suggest China may be preparing to greenlight yuan-backed stablecoins. This week’s Crypto Biz newsletter explores these developments, highlighting The Miner Mag’s latest findings, Polkadot’s new capital markets divisi...

VanEck has filed to launch the first US ETF backed by a liquid staking token, JitoSOL, testing the SEC’s evolving stance on staking. The global asset manager VanEck has filed an S-1 registration statement with the US Securities and Exchange Commission(SEC) to launch the VanEck JitoSOL exchange-traded fund (ETF). According to the filing, this fund will hold only JitoSOL, the liquid staking token issued by Jito Network. The submission marks the first attempt to register a US exchange-traded fund backed by a liquid staking token, potentially exposing investors to Solana’s staking yields through a regulated product. JitoSOL represents Solana (SOL) locked with validators while providing a transferable token that accrues rewards, a process known as liquid staking. The product would extend VanEck’s expansion into digital asset funds, following its spot Bitcoin ETF launched in early 2024 and Ether ETF earlier that year. Unlike those vehicles, the JitoSOL ETF could test the SEC’s stance on staking. Read more

OpenAI and Retro Biosciences used a custom AI model to redesign stem cell proteins, boosting efficiency and hinting at new longevity therapies.

After a BlockFi investor withdrew an objection filed in February, a judge appeared to clear the way for the next step in a settlement of a class-action lawsuit. A New Jersey judge has given preliminary approval for a $13-million settlement between a group of investors and cryptocurrency lending company BlockFi after months of delays. In a Thursday filing in the US District Court for the District of New Jersey, Judge Claire Cecchi ordered BlockFi’s insurers to pay more than $13 million to an escrow account within 30 days as part of a class-action lawsuit filed in 2023. The order followed a February motion for preliminary approval, which was held up in part due to an objection from one investor. The judge scheduled a Dec. 11 hearing to determine final approval of the settlement plan and discuss any objections from parties to the lawsuit. About 89,000 users who held interest accounts at the company from March 2019 until its bankruptcy in November 2022 were eligible for distributions under the settlement. Read mo...

ChatGPT's Bitcoin analysis reveals dramatic recovery to $116,859 following sharp rally from $112,320 after Fed Chair Jerome Powell hinted at September rate cuts triggering risk-on sentiment despite facing $1.17B in ETF outflows and institutional selling pressure throughout the week while maintaining bullish structure above all major EMAs. The post ChatGPT’s Bitcoin Analysis Flags $116K Rebound, But Will Powell’s Rate Cut Truly Spark Optimism? – Here’s What Data Says appeared first on Cryptonews.

Fed chair's dovish pivot sends crypto markets flying, with Ethereum, Solana, and Dogecoin leading the altcoin rally.

The US Court of Appeals for the Second Circuit issued a mandate on Aug. 22 approving the dismissal of the appeals in the case between Ripple and the Securities and Exchange Commission (SEC). The court order, shared by lawyer James Filan on X, officially ends one of crypto’s most consequential legal battles.  Despite the news, […] The post Second Circuit Court officially dismisses Ripple-SEC appeals, ending four-year legal battle appeared first on CryptoSlate.

Trish Turner, the U.S. Internal Revenue Service veteran running its digital assets effort, is the latest senior official leaving for the private sector.

Celebrity social media accounts were hacked yet again Thursday to promote an apparent pump-and-dump Solana meme coin scheme.

Ethereum came within inches of breaking its previous record price Friday, triggering $259 million worth of ETH short liquidations.

Apple has released security updates for iPhones, iPads, and Macs to fix a zero-click vulnerability related to image processing. The post Apple Issues Urgent iOS Update to Fix Zero-Click Hack Putting Crypto Wallets at Risk appeared first on Cryptonews.

Australian Securities and Investments Commission has removed more than 14,000 investment scam and phishing websites since July 2023 with crypto investment scams accounting for approximately 3,015 takedowns or 20% of all removals. The post ASIC Removes 14,000 Scam Sites in Two Years, Crypto Fraud Accounts for 20% of Takedowns appeared first on Cryptonews.

A single phishing attack drained nearly $1 million worth of tokens from a crypto investor who unknowingly signed a batch of malicious transactions disguised as Uniswap swaps, according to blockchain security firm Scam Sniffer. In an Aug. 22 post on X, Yu Xiang, founder of blockchain security firm SlowMist, noted that the incident involved five […] The post Crypto investor loses $1M in Uniswap scam exploiting Ethereum’s EIP-7702 appeared first on CryptoSlate.

The U.S. Treasury has taken the next step in implementing the recently passed GENIUS Act, formally requesting public comments on how financial institutions can strengthen protections against illicit finance risks tied to digital assets. The post Weekly Crypto Regulation News: Lawmakers Split on Crypto Policy and Wyoming Launches Stablecoin appeared first on Cryptonews.

The fund would offer exposure to staked Solana via JitoSOL, tracking staking rewards.

One of the investment manager's funds has reached phenomenal heights, accumulating a substantial stash of Bitcoin that few others possess.

Crypto inclusion in 401(k) plans may be more significant for Bitcoin than the 2024 launch of US spot Bitcoin ETFs, according to Bitwise’s European head of research. Despite this week’s market downturn, some analysts predict that the inclusion of digital assets in US 401(k) retirement plans may unlock billions of dollars in new inflows by the fall, potentially driving Bitcoin to record highs. This “bullish” development may push Bitcoin (BTC) above $200,000 before the end of the year, signaling another $122 billion worth of new capital while assuming a modest 1% portfolio allocation, André Dragosch, head of European research at crypto asset manager Bitwise, told Cointelegraph. Corporate Bitcoin treasury acquisitions continue to attract new entrants, such as the Nasdaq-listed healthcare service provider and Bitcoin treasury firm KindlyMD, which made its first Bitcoin investment of $679 million on Tuesday. Read more

The forecast, which was published on Thursday, came amid renewed interest in stablecoins from several governments around the world. The total US dollar-pegged stablecoin market is projected to swell to $1.2 trillion by 2028, spurred on by comprehensive crypto regulations in the United States, according to crypto exchange Coinbase. Coinbase said the projections mean the US Treasury issuance would have to be $5.3 billion per week over the next three years to satisfy demand from stablecoin issuers, who use short-term US Treasury bills as backing collateral for their digital fiat tokens. This issuance schedule would cause a minor and temporary drop in three-month Treasury yields of about 4.5 basis points (BPS), contrary to analyst predictions that demand from stablecoin issuers will significantly reduce the interest on US government debt. Coinbase wrote: Read more