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Samsung SDS is discussing stablecoin infrastructure and AI-based payment models with Dunamu, the operator of South Korean crypto exchange Upbit. Samsung SDS, the IT services arm of Samsung Group, is exploring stablecoin infrastructure, digital asset systems and AI-based payment models with Dunamu, the operator of Upbit, one of the biggest local cryptocurrency exchanges. Samsung SDS said it is discussing potential cooperation with Dunamu on stablecoin infrastructure, digital asset systems and AI-based payment business models, CEO Lee Jun-hee said during the company’s second-quarter earnings call on Thursday. “We have already secured differentiated business capabilities in digital asset infrastructure through the Korea Securities Depository’s tokenized securities platform project and through end-to-end validation [...] of the full stablecoin process from issuance to settlement,” Lee said. He said he expects the relationship with Dunamu will help Samsung SDS expand in the digital asset infrastructure market. Rea...
The FT said Situational Awareness had approached investors and lenders after borrowing amplified losses during July’s AI stock sell-off. Situational Awareness, the hedge fund founded in 2024 by ex-OpenAI researcher Leopold Aschenbrenner, has approached investors and lenders for fresh capital after suffering heavy losses in the recent artificial intelligence stock sell-off, the Financial Times reported Thursday. The fund, which the Wall Street Journal said had around $20 billion in assets under management as of June 8, has also offered some investors the option to buy portfolio assets, according to the FT, citing people briefed on the discussions and a July 24 investor letter. The size of the losses and amount sought were not disclosed. Aschenbrenner’s fund had gained 439% after fees through June, according to the letter, but the FT said borrowing increased the size of the fund’s bets, driving up losses when AI stocks collapsed during July’s market rout. Aschenbrenner also reportedly argued in the letter that...
Telegram faces Australian court proceedings after eSafety alleged the platform failed to detect and remove extremist material shared by users. Telegram, the messaging platform used by more than 1 billion people worldwide, is facing a major legal challenge in Australia over claims that it failed to stop the spread of terrorism-linked material. Australia’s online safety regulator, the eSafety Commissioner, launched civil penalty proceedings against Telegram in the Federal Court on Thursday, according to an official statement. The authority alleged Telegram breached its obligations under the country’s Online Safety Act to address “pro-terror” content by failing to act on multiple user complaints. Read more
China Business Journal says fraudsters impersonated the publication, demanding Bitcoin to suppress purported investigative reports about targeted companies. China Business Journal, a state-affiliated newspaper, has warned that fraudsters have been impersonating the publication to extort companies by demanding Bitcoin in exchange for suppressing damaging reports. In a statement issued Thursday, the newspaper said scammers used a Proton Mail address to contact businesses, falsely claiming they had uncovered negative information through undercover investigations and threatening to publish the material unless paid in Bitcoin. The publication said the emails were unauthorized and that the scheme appeared to constitute fraud. Read more
US spot Bitcoin ETFs recorded $32.1 million in inflows on Wednesday despite Bitcoin dipping below $64,000, ending a four-session outflow streak. US-listed spot Bitcoin exchange-traded funds (ETFs) ended a four-session outflow streak on Wednesday, recording $32.1 million in net inflows. After posting more than $500 million in combined outflows over four straight trading sessions, spot Bitcoin ETFs returned to positive territory despite Bitcoin briefly falling to around $63,300 during US trading hours, according to data from SoSoValue and CoinGecko. So far this week, US spot Bitcoin ETFs have recorded net outflows of $29.29 million, while monthly net inflows have reached $204.7 million. Cumulative net inflows across the funds stand at $51.36 billion. Read more
Policy report recommends interim licensing guidance, greater flexibility for stablecoin issuers and rules ahead of the Digital Asset Basic Act. South Korea should allow greater flexibility for stablecoin issuers, provide interim licensing guidance and phase in stablecoin regulation before completing its Digital Asset Basic Act, according to a policy report published Wednesday by Hashed Open Research and the Solana Policy Institute. The report summarizes a June 23 symposium attended by lawmakers, legal experts and industry participants. The Digital Asset Basic Act would establish South Korea’s first comprehensive digital asset framework, covering stablecoins, issuance, disclosures and market rules. However, lawmakers have yet to reconcile multiple bills, with disagreements over stablecoin issuance delaying the legislation. Read more
The US Treasury said HormuzSafe accepted Bitcoin and other digital assets to evade sanctions and generate revenue for Iran’s Islamic Revolutionary Guard Corps. The US Treasury has sanctioned two Iranian maritime firms involved in an alleged Islamic Revolutionary Guard Corps (IRGC)-backed insurance network, saying one accepted Bitcoin (BTC) and other digital assets to bypass Western sanctions. On Wednesday, the Treasury’s Office of Foreign Assets Control (OFAC) said that Persian Gulf Marine Insurance Company and HormuzSafe Marine Services Authority were integral to what it described as an IRGC-backed insurance network that required commercial vessels to buy approved coverage before transiting the Strait of Hormuz. The firms were designated for operating in Iran’s financial sector. The action comes after earlier reports that Iran was considering a Bitcoin-based maritime insurance platform. US authorities now allege the network generated revenue for the IRGC. Treasury also sanctioned eight companies linked to I...
Luno and Gnosis joined a widening round of crypto restructurings in July, when at least 12 companies reported job cuts. Crypto exchange Luno is reportedly cutting about 20% of its global workforce as it restructures operations and shifts more resources toward institutional clients, financial infrastructure and business-to-business services. According to a Bloomberg report on Tuesday, Luno CEO James Lanigan said the company had invested in automation and broader operational improvements that changed the resources needed to run the business. Luno will also trim costs in line with market conditions while investing in compliance, core infrastructure and retail products. Luno has previously made larger workforce reductions. In January 2023, the exchange cut 35% of its staff, affecting nearly 330 employees, as turbulence across the technology and crypto sectors weighed on its growth and revenue. Read more
The Bitcoin and altcoin fund builds on Gumi’s growing crypto business centered around XRP, with the company nearly doubling its crypto holdings over the past year. Japanese game developer Gumi said it will begin operating a 3 billion yen (about $18.3 million) crypto asset fund on Saturday with SBI Financial Services and backing from Daiwa Securities Group and other investors. The fund is operated by SBI Crypto Fund, a joint venture owned 51% by SBI Financial Services and 49% by Gumi subsidiary gC Labs. According to Gumi’s Tuesday announcement, the fund will invest primarily in Bitcoin and major altcoins, using staking, portfolio rebalancing and hedging strategies. Read more
Pascal Caversaccio joins the Ethereum Foundation’s four-member board as the organization elevates privacy and security in its protocol strategy. The Ethereum Foundation (EF) has appointed Pascal Caversaccio, also known as “pcaversaccio,” a co-founder and lead of crypto security response group SEAL 911, to its board as the organization deepens its focus on privacy and security. On Wednesday, the EF said Caversaccio joined for an initial one-year term voluntarily. He joins President Aya Miyaguchi, Ethereum co-founder Vitalik Buterin and Swiss counsel Patrick Storchenegger on the four-member board. Caversaccio is a longtime Ethereum contributor and a member of the Foundation’s Silviculture Society, an informal advisory group focused on censorship resistance, open-source development, privacy and security. He also authored The Ethereum Cypherpunk Manifesto in 2024 and Ethereum Privacy: The Road to Self-Sovereignty in 2025. The board sets the Foundation’s vision and oversees whether management’s strategies and deci...
The American Arbitration Association’s Web3 Panel brings together specialists in blockchain, smart contracts, digital assets and autonomous transactions. The American Arbitration Association (AAA), one of the world’s largest providers of private dispute-resolution services, has launched a specialist panel for blockchain and digital-asset cases, giving companies access to arbitrators with expertise in the technical and legal complexities of crypto disputes. On Wednesday, the AAA said that its new Web3 Panel brings together arbitrators with experience across law, technology, academia, litigation and digital-asset businesses. The panel is designed to address disputes arising from increasingly automated and decentralized commercial systems, including disagreements over contract interpretation, governance, asset control, cybersecurity, transaction records and cross-border enforcement. Read more
The online brokerage continued expanding its digital asset business with Robinhood Chain, tokenized stocks and decentralized lending even as cryptocurrency transaction revenue declined. [Update 08:55 UTC, July 30: Updates with additional reporting and context.] Online brokerage Robinhood posted record second-quarter revenue and earnings, though cryptocurrency transaction revenue fell 38% from a year earlier. The company said Wednesday in its earnings report that crypto transaction revenue fell to $100 million from about $160 million a year earlier. Overall revenue rose 32% year-over-year to $1.31 billion, while net income increased 48% to $573 million. Transaction-based revenue climbed 44% to $776 million. Read more
The online brokerage continued expanding its digital asset business with Robinhood Chain, tokenized stocks and decentralized lending even as cryptocurrency transaction revenue declined. Online brokerage Robinhood posted record second-quarter revenue and earnings, though cryptocurrency transaction revenue fell 38% from a year earlier. According to the company’s earnings report on Wednesday, revenue increased 32% year over year to $1.31 billion, while its net income rose 48% to $573 million. The company reported that cryptocurrency transaction revenue fell to $100 million from about $160 million a year earlier. Separately, it recorded $40 billion in crypto trading volume during the quarter, including $18 billion on the Robinhood app and $22 billion from Bitstamp, the crypto exchange it acquired in June 2025. Read more
The CEO of the US crypto exchange said that the company would apply for a license with the CFTC in August allowing it to offer prediction markets. According to its leadership, cryptocurrency exchange Binance.US will apply for a Designated Contract Market (DCM) with the US Commodity Futures Trading Commission (CFTC) to offer prediction markets services to users. At the Rare Evo blockchain conference on Wednesday, Binance.US CEO Steve Gregory said that the CFTC license would allow the exchange to launch its own prediction market in what could become a challenge to platforms like Kalshi and Polymarket. The CEO said that the company will apply for the DCM sometime in August. Under CFTC guidelines, DCMs can legally trade “futures or option contracts based on any underlying commodity, index or instrument.” Companies seeking to be licensed as a DCM must comply with 23 core principles from the agency, including having system safeguards, conducting record keeping and addressing conflicts of interest. Read more
ARK Invest’s Lorenzo Valente says revenue is becoming increasingly concentrated among a handful of crypto protocols, setting the stage for more mergers, acquisitions and exchange closures. An ARK Invest analyst says the cryptocurrency industry is entering what he describes as its biggest consolidation phase yet, with revenue increasingly concentrated among a handful of dominant protocols. In a Wednesday post on X, Lorenzo Valente, a research associate at ARK Invest, said investors have become increasingly selective, making it harder for crypto projects and exchanges without strong product-market fit to attract capital. As weaker projects struggle or shut down, revenue is becoming concentrated among a small number of dominant protocols, he said. As evidence, Valente said perpetual futures exchange Hyperliquid and memecoin launchpad Pump.fun account for roughly 67% of total crypto application revenue. Including synthetic dollar protocol Ethena raises the top three’s combined share to nearly 80%, highlighting wh...
A group of 12 county commissioners voted unanimously to ban mining facilities and data centers in unincorporated areas as it deals with a lawsuit by a digital asset company. The Hawkins County Commissioners in Tennessee passed their second ban related to digital assets, following a similar one in 2025. On Monday, the commission voted unanimously 12-0 to ban the establishment, construction, installation, expansion and operation of crypto mining facilities and data centers in unincorporated areas of the county. The government body had already banned similar activities in September 2025 as part of an effort to block the ExoticRidge mining company from establishing operations in the county, and passed a resolution in January affirming its authority to do so. ExoticRidge and Tennessee county officials proposed a settlement in January over the crypto company’s operations, allowing it to construct and run its facility with noise restrictions. The proposed terms would restrict the company from operating at more than ...
A White House crypto adviser said that the proposed changes to the CLARITY Act were “not even close” to the administration’s position, signaling another fight over the bill. Organizations representing law enforcement officials in the US have reportedly proposed changes to a comprehensive cryptocurrency market structure bill under consideration in the Senate, with only days left until the chamber breaks for a month-long recess. According to a Tuesday Politico report, the National Association of Assistant US Attorneys and the National District Attorneys Association sent a letter to the White House asking for changes on provisions regarding developers in the Digital Asset Market Clarity (CLARITY) Act. The changes proposed to the Blockchain Regulatory Certainty Act (BRCA) within the CLARITY Act included that guidelines on developers not “create, expand, or modify criminal liability under Federal law.” In response to reports on the proposed changes, White House crypto adviser Patrick Witt said that the provisions ...
New commodity options let traders gain exposure to gold and silver prices through Binance’s Abu Dhabi-regulated exchange. Binance will launch USDT-settled options on gold and silver through its Abu Dhabi-regulated exchange, expanding its lineup of traditional financial products alongside cryptocurrencies. The contracts will be listed through Nest Exchange Limited, Binance’s Abu Dhabi Global Market-regulated Recognized Investment Exchange (ADGM). The options allow traders to gain exposure to movements in gold and silver prices without taking delivery of the underlying metals. Retail users will only be able to buy options, while eligible institutional users and liquidity providers can also write contracts. According to Binance, restricting retail users to buying options limits downside risk to the premium paid, while eligible institutional participants can write options to collect premiums. Read more
Bitcoin traders weathered an oil-price surge and ongoing Asia chip-stock sell-off into the Federal Reserve interest-rate decision. Bitcoin (BTC) whipsawed around $64,000 on Wednesday as geopolitical and macroeconomic tensions pressured US stocks. Key points: Data from TradingView showed BTC/USD halting a local rebound at the Wall Street open, having hit 11-day lows of $62,700 the day prior. Read more
MoonPay’s PayBox vault lets ChatGPT and Claude users authorize crypto purchases, token swaps and crosschain transactions while retaining custody of their assets. MoonPay has launched PayBox, a payment vault that lets ChatGPT and Claude users authorize AI to buy crypto, swap tokens and bridge assets from within a conversation while keeping control of their funds. Users connect a crypto wallet and payment methods to ChatGPT or Claude, which prepare transactions such as token swaps, crosschain transfers and DeFi interactions using natural-language prompts. Users can approve each transaction with a passkey or set spending limits that allow the AI to execute certain actions automatically, according to MoonPay. MoonPay said PayBox uses multi-party computation and trusted execution environments to protect wallet keys, preventing either the AI assistant or MoonPay from independently accessing user funds. The platform also lets users require approval for every transaction or allow AI to act autonomously within predefi...11189 items