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The proposed policies under Ireland’s AML framework included stricter measures on transfers from private crypto wallets and overseas digital asset companies. The government of Ireland published a comprehensive anti-money laundering strategy, detailing how the country would address digital assets potentially used for illicit purposes. In a Thursday notice, Ireland’s government released its first National Anti-Money Laundering, Countering Financing of Terrorism and Countering Proliferation Financing Strategy. The document included proposed reforms on cryptocurrency-related policies related to strengthening Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFTC) measures. “The bulk of this has been implemented with these final elements introducing new anti-money laundering obligations for crypto-asset service providers, requiring enhanced checks on transfers involving private crypto wallets and stricter due diligence when dealing with overseas crypto firms,” said the Irish government. Read m...
The value of the university endowment’s holdings in the Bitwise Solana staking ETF, Grayscale Ethereum staking ETF and BlackRock’s iShares Bitcoin ETF dropped to about $12 million. The value of crypto-related investments held by Ivy League university Dartmouth College’s $9 billion endowment fell by more than $2 million in three months. In a Thursday filing with the US Securities and Exchange Commission (SEC), the trustees of Dartmouth College reported that the university endowment held about $12.4 million worth of the Bitwise Solana staking exchange-traded fund (ETF), the Grayscale Ethereum staking ETF and BlackRock’s iShares Bitcoin ETF as of June 30. The endowment held the same number of shares of each ETF, but the overall value dropped by about 15% since it reported holding $14.6 million as of March 31. The drop in value roughly corresponded to falling crypto prices tied to each ETF. Since March 31, the price of Bitcoin (BTC) fell 7.7% to $62,915, Solana (SOL) by 9.6% to $75.11 and Ether (ETH) by 10.8% to ...
Payward grew revenue despite weaker crypto spot activity, as funded accounts jumped 42% and a growing share of revenue came from outside transaction-based activity. Kraken parent Payward reported $508 million in adjusted revenue for the second quarter, up 17% year over year despite a decline in crypto spot trading and overall transaction volume. According to Friday’s earnings report, total transaction volume fell 13% year over year to $310 billion, while funded accounts increased 42% to 6.6 million. Payward remained adjusted EBITDA positive at $23 million. Asset-based and other revenue accounted for 60% of total revenue, up from 55% a year earlier, as the company generated a growing share of its revenue outside transaction-based activity. Read more
The UK lawmaker declared victory following a by-election, triggering a resumption of an investigation from the parliamentary commissioner for standards into his crypto donations. UK Reform leader Nigel Farage will face an investigation that had been briefly paused following his resignation from Parliament after winning a by-election on Thursday with no major party candidates participating. As of Friday, the UK Parliamentary Commissioner for Standards website showed that Farage was currently under investigation for “failure to register an interest” related to the Reform leader receiving millions of dollars’ worth of donations and gifts from two figures tied to the crypto industry. The investigation was halted in July after Farage resigned as a member of Parliament, but resumed following his reelection as Clacton’s MP. The commission will probe cryptocurrency billionaire Christopher Harborne giving Farage $6.7 million as well as the Reform leader’s staff and security funded by George Cottrell, a convicted frau...
Bank Leumi customers will be able to buy, hold and sell three major cryptocurrencies directly through the bank’s investment app beginning in early 2027. Israel’s Bank Leumi has partnered with Galaxy Digital to let customers trade Bitcoin (BTC), Ether (ETH), and Solana (SOL) through the bank’s investment platform, with the service expected to launch in early 2027. The companies said Friday that customers of Leumi and Pepper, its mobile banking arm, will be able to buy, hold and sell the three cryptocurrencies through a dedicated section of the Leumi Trade app. Leumi and Galaxy said the rollout would make Leumi the first Israeli bank to offer digital asset trading services to customers. Leumi will use GalaxyOne Institutional for trading and related services, while Galaxy’s custody infrastructure platform, formerly known as GK8, will support the bank’s digital asset infrastructure. Read more
A $116 million Bitcoin wallet exploit puts self-custody under scrutiny as ETF inflows rebound, Strategy eyes more BTC and miners chase billions in AI deals. A $116 million hardware wallet exploit has reopened one of Bitcoin’s oldest debates: Is holding your own keys worth the risk? Days later, US spot Bitcoin ETFs recorded their strongest inflows since April, prompting Bloomberg analyst Eric Balchunas to wonder whether security scares could eventually push more investors away from self-custody and toward ETFs. Elsewhere, Strategy is preparing to resume Bitcoin purchases after a rare bout of selling, Riot Platforms is reportedly turning its mining infrastructure into a $9 billion AI deal, and Trump Media is rethinking its crypto treasury strategy after a $238 million quarterly loss. Strategy CEO Phong Le said the company plans to resume Bitcoin accumulation later this year, seeking to reinforce its long-term strategy after a series of relatively small sales drew scrutiny over its once-firm “never sell” stance....
Bitcoin falls further toward new August lows, ignoring positive US inflation trends while US stocks continue to circle all-time highs. Bitcoin (BTC) declined into Friday’s Wall Street open as traders increasingly saw a BTC price breakdown next. Key points: Data from TradingView showed BTC/USD down 1.3% on the day at $62,570, near its lowest levels month-to-date. Read more
Morgan Stanley’s reported IBIT holdings rose to 16.5 million shares in Q2, while Ether ETF positions and several crypto-linked stocks also increased. US investment banking giant Morgan Stanley reported larger crypto fund positions in the second quarter, led by an increase of more than 3 million shares in BlackRock’s Bitcoin exchange-traded fund (ETF). Morgan Stanley’s reported holdings in BlackRock’s iShares Bitcoin Trust ETF (IBIT) increased by 23% to around 16.5 million shares from 13.4 million, according to its Q2 13F filing with the US Securities and Exchange Commission on Thursday. Morgan Stanley also reported 2.57 million shares of its own Morgan Stanley Bitcoin Trust (MSBT), worth about $43.3 million. The product began trading in April. Read more
JPMorgan reported a 25% increase in its Bitcoin ETF position and more than quadrupled its Ether ETF position in the second quarter. JPMorgan’s reported position in BlackRock’s Bitcoin exchange-traded fund increased by about 25% in the second quarter, while its Ether ETF position more than quadrupled, according to its latest securities filing. The Form 13F filing with the US Securities and Exchange Commission, submitted Wednesday, covers holdings as of June 30 and includes 17 other investment managers across JPMorgan. That makes it difficult to determine whether individual positions reflect a directional market view, Jonatan Randin, senior market analyst at PrimeXBT, told Cointelegraph. Read more
Binance said it will stop processing transactions for involving 11 crypto platforms, including HTX, which was recently listed in the EU’s sanctions package targeting Russia. Binance will stop processing transactions involving crypto exchange HTX and 10 other listed crypto platforms and service providers from Aug. 23. The cryptocurrency exchange cited recent regulatory developments for the decision in a Friday announcement. Binance will stop processing transactions involving HTX, Rapira, Aifory Pro, ABCeX, WhiteBird, NoOnecrypto INC., Tradex, Monease Ltd, BitPapa, Exnode and EXMO. Transactions attempted on or after the effective date may be held and subject to compliance review. Binance said restrictions may also be applied to impacted wallets while the review is ongoing. Read more
Solana’s proposed fee overhaul would make resource-heavy transactions more expensive while cutting costs for simpler activity, and it increases the amount of SOL burned. Solana is preparing to change how it charges for computing resources on the network. Solana Improvement Document (SIMD-0553) would make its most resource-intensive users pay more while cutting the costs for simpler transactions. As a bonus, it would increase SOL’s burn rate in stages — and one day could even help make it deflationary. Cavey, a researcher at Solana infrastructure firm Temporal and author of the proposal, tells Magazine that fees currently don’t reflect the real costs: Read more
Credit card and staking revenue drove Gemini’s services growth in Q2 as exchange revenue fell 38% and trading volume dropped by two-thirds. Cryptocurrency exchange Gemini reported a 37% year-over-year increase in second-quarter revenue to $45.5 million, while posting a $107.7 million net loss as exchange trading weakened. Exchange revenue fell 38% to $12.5 million as trading volume dropped to $3.8 billion from $11.3 billion, the company said Thursday. Services revenue climbed 149% to $23.5 million, led by a 231% increase in credit card revenue to $16.2 million and a 50% rise in staking revenue to $4 million. Including interest income, services revenue and interest income totaled $26 million. Read more
Shinhan Asset Management and Plume will test a tokenized fund using a Korean won-denominated ultra-short-term bond fund as its underlying asset. South Korea’s Shinhan Asset Management signed a memorandum of understanding (MOU) with tokenization-focused blockchain network Plume to develop a proof of concept for a Korean won-denominated tokenized fund. The pilot project will use a Shinhan won-denominated ultra-short-term bond fund as its underlying asset and BlackRock’s BUIDL tokenized fund as a benchmark to test the issuance and distribution process, Shinhan said on Friday. The companies will also test compliance requirements for tokenized investment products, including whitelist-based transfer restrictions, onchain operations, Know-Your-Customer checks and Anti-Money Laundering controls. Read more
Bitcoin futures open interest on Binance fell alongside BTC price as analysis published on CryptoQuant flagged mounting pressure on leveraged longs. Bitcoin (BTC) long positions are “facing liquidation” as volatility shows signs that a range breakout is finally coming. Key points: Insights published on onchain analytics platform CryptoQuant by community analyst “BorisD on Thursday said that leveraged long BTC positions are being flushed out as BTC/USD targets month-to-date lows. Read more
RedotPay’s US IPO has reportedly been delayed as it seeks regulatory approvals, while the company says it secured a US money transmitter license. RedotPay’s plans for a US stock market debut have reportedly been delayed as the stablecoin payment company prepares to expand into the country. The company delayed plans for a US initial public offering (IPO) while it seeks regulatory approvals and contends with legal disputes involving Binance, Bloomberg reported on Friday, citing people familiar with the matter. A RedotPay representative declined to comment on the timing of an IPO to Cointelegraph. The representative instead pointed to the company’s US expansion, saying RedotPay obtained a money transmitter license in the US this week and is preparing to launch its product in the country. Read more
JPMorgan Chase reportedly cut banking ties with Polymarket in October 2025 over regulatory concerns but remains open to an underwriting role if the platform goes public. JPMorgan Chase ended a banking relationship with Polymarket over regulatory concerns, according to the Financial Times. JPMorgan notified the prediction market platform in October 2025 that it needed to find a new bank, the Financial Times reported Friday, citing people familiar with the matter. Polymarket now works with an unidentified lender. Still, JPMorgan has maintained other ties with Polymarket. The bank is allegedly keen on a potential underwriting role should Polymarket attempt to go public. Polymarket reportedly said that it continues to have a “close, active relationship” with JPMorgan. Read more
Crypto acceptance was just 0.2% online and remained below 1% at physical points of sale, while mobile payments gained ground. Crypto remains a marginal payment option among euro area businesses even as other forms of digital payments gain ground, according to a new European Central Bank (ECB) report. Just 0.2% of companies selling goods and services online accept crypto assets, the ECB said in its survey on companies’ cash use, published Thursday. Cash remains the most widely accepted payment method, with 92% of companies with physical points of sale accepting it. The ECB surveyed 8,205 businesses across the 21 euro area countries, covering retail, restaurants and cafes, hotels, and arts, entertainment and recreation. Market research firm Ipsos conducted the telephone interviews from Feb. 23 to April 10. Read more
The SEC canceled a meeting on proposed crypto offering rules after the Senate left for recess without voting on the CLARITY Act. The US Securities and Exchange Commission (SEC) has canceled an open meeting scheduled for Friday that was expected to consider new cryptocurrency rules. The SEC said Thursday that the meeting had been canceled. The commission had been expected to consider whether to propose a “tailored offering regime for certain investment contracts involving crypto assets.” The SEC told Reuters that the meeting would be moved due to “an unforeseen scheduling issue.” The agency did not immediately respond to Cointelegraph’s request to comment. Read more
BA Labs had previously classified a proposed NUSD integration as higher risk because of its counterparty, operational and liquidity exposure. Decentralized finance (DeFi) protocol Neutrl has suspended minting and redemptions for its NUSD synthetic dollar after unspecified circumstances affected protocol reserves, leaving the cause and scale of any potential impairment unclear. On Thursday, Neutrl said it had also paused other protocol functions on legal advice while it assesses the impact. The protocol did not identify the affected asset or counterparty, say whether reserves suffered a realized loss or provide a timeline for resuming operations. Structured-yield protocol Strata later said it paused minting, redemptions and related functions for contracts in its Neutrl market, which supports several NUSD-linked products. Strata said its other markets remained operational. Read more
Figure expects consumer loan marketplace volume to range from $4.8 billion to $5.2 billion in the third quarter. Figure Technology Solutions reported $4.3 billion in consumer loan marketplace volume for the second quarter, up 132% from a year earlier, as its quarterly profit nearly tripled. On Thursday, Figure said net income rose 192% year-on-year to $87 million, from about $30 million. Net revenue more than doubled to $226 million, while its net income margin increased 10.5 percentage points to 38.8%. Figure’s marketplace volume includes home equity lines of credit, debt-service coverage ratio loans and personal loans processed through its loan origination system, along with third-party loans traded on Figure Connect, which accounted for $2.8 billion, or 65%, of the quarterly total. Read more11869 items