Cointelegraph.com
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Cointelegraph.com - 05:01 Aug 13, 2026
Bitwise’s Matt Hougan expects revenue-capture mechanisms to spread across DeFi applications and layer-1 networks over the next 12 to 24 months. Crypto valuations could at least double as protocols increasingly use revenue to fund token buybacks and burns, according to Bitwise Chief Investment Officer Matt Hougan. On Wednesday, Hougan said crypto outside of Bitcoin is becoming a revenue-driven market in which network activity feeds into native-token value. He said investors have not priced in that change, leaving some crypto assets undervalued. Hougan pointed to Hyperliquid, Uniswap, Aave, Pump.fun and Lighter, protocols that use fees to repurchase or remove tokens from circulation. He said he expects decentralized finance (DeFi) applications and layer-1 networks to adopt similar revenue-capture mechanisms over the next 12 to 24 months. Read more -
Cointelegraph.com - 04:15 Aug 13, 2026
Metaplanet CEO Simon Gerovich said no Bitcoin was sold after the company moved 5,014 BTC between custodial addresses for about $8 in fees. Metaplanet CEO Simon Gerovich has shut down speculation that the Japanese Bitcoin treasury company was selling its holdings. “This was a routine custody operation. No bitcoin was sold, and our holdings remain 43,000 BTC,” Gerovich said Thursday. The company transferred 5,014 BTC ($322 million) over a 24-hour span starting Wednesday. Gerovich said the network fees to move the trove cost Metaplanet about $8. Read more -
Cointelegraph.com - 01:00 Aug 13, 2026
ASX’s failed blockchain-based CHESS overhaul faces renewed governance scrutiny after the exchange admitted misleading the market. An Australian Securities Exchange (ASX) shareholder plans to seek Federal Court permission to sue former ASX officers and directors over alleged breaches of duty connected to its failed blockchain-based clearing and settlement overhaul. On Wednesday, ASX said Rosherville Pty Ltd had notified the exchange that it proposes to apply for leave to commence a statutory derivative action under sections 236 and 237 of Australia’s Corporations Act. If approved, Rosherville would bring the proceedings on ASX’s behalf. The exchange said there were no allegations against ASX itself. It did not identify the former officials targeted, describe their alleged breaches in detail or disclose the remedies Rosherville intends to seek, while the court has not considered whether the proposed case can proceed. Read more -
Cointelegraph.com - 23:42 Aug 12, 2026
Qualifying new customers can receive full reimbursement, including fees, if they notify both the operator and law enforcement within 30 days. Arizona’s crypto ATM law has helped 35 scam victims receive full refunds totaling $171,332 since the measure took effect in September 2025, according to the state’s attorney general. On Wednesday, the Arizona Attorney General’s Office said it helped the victims obtain full refunds and urged residents to quickly report fraudulent transactions to avoid missing the law’s 30-day deadline. Under House Bill 2387, crypto kiosk operators must refund eligible new customers for fraudulently induced transactions, including any associated fees. Victims must contact both the operator and the attorney general or another law enforcement agency within 30 days and provide the operator with an official report determining that they were fraudulently induced into making the transaction. Read more -
Cointelegraph.com - 21:21 Aug 12, 2026
Hawaii will join Minnesota, Tennessee and Indiana in becoming the fourth US state to completely ban the use of cryptocurrency ATMs and kiosks in response to scams. Hawaii will soon become the latest US state to enact a total ban on cryptocurrency kiosks and ATMs after its governor signed off on legislation. Following the passage of House Bill 1642 by Hawaii’s legislature in May, Governor Josh Green signed the legislation into law in July, setting the US state for a complete prohibition on “the ownership, operation, or management of a digital financial asset transaction kiosk that accepts United States currency from a customer in exchange for a digital financial asset.” The bill cited data from the Federal Bureau of Investigation’s Internet Crime Complaint Center, which reported in April that Americans lost more than $11 billion from scams related to digital assets in 2025. The bureau added that it had recorded 826 complaints related to crypto from Hawaii residents in 2025, with the US state having about $80 ... -
Cointelegraph.com - 20:37 Aug 12, 2026
The deal would add NEOS’ $30 billion ETF business, including Bitcoin- and Ether-linked income funds, to Goldman Sachs Asset Management. Goldman Sachs has agreed to acquire exchange-traded fund manager NEOS Investments for up to $2.25 billion, a deal that would add the firm’s Bitcoin- and Ether-linked funds to its growing ETF business. NEOS manages $30 billion across 19 options-based income ETFs, including the Bitcoin High Income ETF (BTCI), Boosted Bitcoin High Income ETF (XBCI) and Ethereum High Income ETF (NEHI). The crypto funds use options-based strategies designed to generate monthly income alongside exposure to Bitcoin (BTC) or Ether (ETH). The acquisition is expected to close in the first quarter of 2027, subject to regulatory approval, with NEOS co-founders Troy Cates and Garrett Paolella and the firm’s broader team set to join Goldman Sachs Asset Management. Read more -
Cointelegraph.com - 20:22 Aug 12, 2026
Council Speaker Julie Menin sent letters to four companies offering prediction market services to New Yorkers as part of an investigation into their marketing practices. The New York City Council launched an investigation into companies offering prediction market services, aiming to examine whether they used “false and deceptive marketing” through influencers to target young adults. In a Wednesday notice, the council said Speaker Julie Menin sent letters to Kalshi, Polymarket, Coinbase and Gemini Titan as part of an investigation into what they called “abusive marketing” through the platforms’ prediction market services. The probe will determine whether New York City officials need to consider additional measures against such marketing practices, including legislation, education and enforcement. “Apps like Polymarket are expanding rapidly unchecked,” said Council Member Shekar Krishnan, who chairs the committee on oversight and investigations. “Their unprecedented reach is because they are preying on young ad... -
Cointelegraph.com - 18:55 Aug 12, 2026
Kraken’s funded trading program adds round-the-clock exposure to the US equity benchmark as it builds out its multi-asset offering. US-based crypto exchange Kraken has added an S&P 500 perpetual product to its proprietary trading program, giving funded traders round-the-clock exposure to the US equity benchmark. According to a company blog post on Wednesday, the product is structured as a perpetual priced off an index oracle tracking the S&P 500, rather than a standardized futures contract, meaning it has no expiration date or rollover requirement. The S&P 500 joins the Nasdaq 100 as the second traditional market available through Kraken Prop, with the company planning to add commodities as part of a broader multi-asset rollout. Traders can access the S&P 500 market across Kraken Prop’s evaluation and funded accounts with up to 5x leverage and a maximum notional exposure of $1 million, according to the company. Read more -
Cointelegraph.com - 18:01 Aug 12, 2026
Crypto companies from including Coinbase, BitGo, Robinhood, Polygon and Pump.fun have announced workforce reductions this year, citing a variety of reasons, including shifting to AI and market forces. Digital asset manager Bitwise has cut 14% of its staff in a move that reduced workers at the San Francisco-headquartered company from about 180 to 155 people. A Bitwise spokesperson confirmed to Cointelegraph on Wednesday that it had laid off about 25 people amid a crypto market downturn. The company is the latest in the crypto industry to announce staff cuts in 2026, following similar moves by Robinhood, Polygon, Pump.fun and others. Bloomberg earlier reported that Bitwise chief executive Hunter Horsley said that the company still expects growth as crypto “further integrates into the global economy.” The company acquired Chorus One in February in a move expected to expand its staking services. Read more -
Cointelegraph.com - 16:58 Aug 12, 2026
Following the initial lawsuit, at least one of Kalshi’s event contracts was changed to list “Primary Source Agency” as the entity behind verifying flight cancellation data. Just a day after real-time flight tracking website FlightAware filed a lawsuit against prediction markets platform Kalshi over use of its name and data, the flight data company gave notice of voluntary dismissal of the case. In a Tuesday filing in the US District Court for the Southern District of New York, attorneys for FlightAware said that they had voluntarily dismissed the case against Kalshi. The flight tracking company had filed the lawsuit a day earlier, claiming that Kalshi had used its “data and name to run gambling markets on flight cancellations.” While the immediate turnaround could suggest a closed-door settlement, neither company had publicly commented on the case as of Wednesday. On Tuesday, a judge ordered Kalshi to show cause why the court should not issue a temporary restraining order over FlightAware’s trademark and dat... -
Cointelegraph.com - 16:50 Aug 12, 2026
The Digital Pound Lab is testing a cross-border trade finance flow combining stablecoin payments with simulated digital pound settlement. The Bank of England’s Digital Pound Lab is testing whether stablecoins and a potential digital British pound can operate within the same cross-border payment flow as part of an experiment focused on trade finance. The experiment involves NOBO Finance, Dun & Bradstreet and Polygon Labs, with an exporter receiving an advance via a stablecoin rail while a UK importer completes settlement using simulated digital pounds, according to a Wednesday announcement from the three companies. The project also includes a separate workstream aimed at creating reusable credit profiles for small businesses by combining transaction data, open-finance information and Dun & Bradstreet’s commercial risk data, with Polygon providing the smart contract infrastructure. Read more -
Cointelegraph.com - 16:07 Aug 12, 2026
HashKey has become an authorized distributor for Anchorpoint’s HKDAP, expanding institutional access as Hong Kong’s regulated stablecoin market takes shape. Anchorpoint Financial, a Hong Kong-licensed stablecoin issuer, has added HashKey Exchange as an authorized distributor for its Hong Kong dollar stablecoin, HKDAP, potentially expanding access to the fiat-backed asset as Hong Kong’s regulated stablecoin market takes shape. The companies announced on Tuesday that the arrangement is part of a beta rollout allowing eligible institutions and professional investors to access the stablecoin through HashKey and other supported channels. HashKey said it has already completed its first HKDAP minting and redemption transaction with eligible clients, including fiat on- and off-ramping. The companies said they plan to expand distribution over time and explore additional uses for HKDAP, including cross-border payments, settlement and tokenized finance. Read more -
Cointelegraph.com - 15:00 Aug 12, 2026
Bitcoin price action did not reflect relief in US CPI inflation numbers matching expectations amid a warning over $63,000 failing as support. Bitcoin (BTC) saw weakness around Wednesday’s Wall Street open as markets reacted to key US inflation data. Key points: Data from TradingView showed BTC/USD dropping below $63,500, erasing the day’s gains. Read more -
Cointelegraph.com - 13:58 Aug 12, 2026
Kalshi launched access to its sports and crypto perpetual data feed through DoubleZero’s dedicated fiber network to bolster institutional data access. Prediction market Kalshi’s live order book is now available through data provider DoubleZero Edge’s dedicated fiber network, the two companies said in a Wednesday announcement shared with Cointelegraph. Kalshi said this makes it the first prediction market to distribute its real-time order book data on sports and crypto perpetuals event contracts, which will be available to new DoubleZero Edge subscribers. Users looking for a machine-readable view of prediction market data can access these capabilities via the dedicated feed, instead of building this infrastructure from order books and application programming interface (API) responses themselves. Read more -
Cointelegraph.com - 13:31 Aug 12, 2026
Slovenia entered the EU’s MiCA stablecoin register through electronic money institution Dinaro, as the update also added two new CASPs. Slovenia has appeared for the first time in the European Union’s Markets in Crypto-Assets Regulation (MiCA) register of electronic money token (EMT) issuers. Dinaro, a Slovenia-based electronic money institution supervised by the Bank of Slovenia, joined the EMT list in the latest European Securities and Markets Authority (ESMA) register update on Wednesday. According to its website, Dinaro provides payment services, including card issuing and acquiring, and says it holds Mastercard principal membership. Its addition marks the first appearance of a Slovenia-based issuer in ESMA’s EMT dataset. Read more -
Cointelegraph.com - 13:30 Aug 12, 2026
Five years after El Salvador made Bitcoin legal tender, the experiment has fallen short of its original promises for locals, but it’s been great for Bitcoin’s global profile. It’s been five years since El Salvador became the first country to adopt Bitcoin as legal tender. President Nayib Bukele announced the plan at the Bitcoin conference in Miami on June 5, 2021, to the jubilant cries and applause of the Bitcoin community, who hailed the tiny Central American nation as living proof that BTC could be sovereign money. Bukele sold the experiment as a way to bank the unbanked, slash remittance costs, and attract investment to the impoverished nation. Read more -
Cointelegraph.com - 13:23 Aug 12, 2026
Wintermute will reportedly invest $1 billion in AI infrastructure and high-frequency trading as part of its expansion into traditional finance. Crypto market maker Wintermute reportedly plans to invest up to $1 billion in artificial intelligence (AI) data center infrastructure and high-frequency trading over the next five years. The plans include scaling up Wintermute’s non-crypto market activity to account for over 50% of its business by the end of 2027, up from the current 10%, Wintermute CEO Evgeny Gaevoy told Bloomberg. Wednesday’s report said that as part of the plans, Wintermute will also double the staff in its 17-person New York office next year and expand its global headcount by about 40%. Cointelegraph has approached Wintermute for more details surrounding its expansion plans. Read more -
Cointelegraph.com - 12:42 Aug 12, 2026
Fidelity plans to add staking to its Ether fund, with 85% of rewards retained by FETH and quarterly cash distributions planned for investors. Fidelity Investments plans to add staking to its spot Ether exchange-traded product, the Fidelity Ethereum Fund (FETH), according to its Tuesday filing with the US Securities and Exchange Commission (SEC). The asset manager said FETH could stake up to 100% of its Ether under normal conditions, excluding ETH reserved for redemptions, expenses and liquidity needs. The fund would retain 85% of staking rewards, with 15% going toward staking fees, and plans quarterly cash distributions, although payouts are not guaranteed. Fidelity expects staking to begin “as soon as practicable” after the prospectus date. The preliminary prospectus remains subject to change before the registration statement becomes effective. Read more -
Cointelegraph.com - 10:18 Aug 12, 2026
Amid a $473 million legal dispute, RedotPay says it expects Binance to end its Singapore case, while Binance says its claims remain active. Binance and RedotPay are disputing whether a Singapore case related to their nearly $473 million Hong Kong legal battle is coming to an end. The stablecoin payments card issuer told Cointelegraph on Tuesday that it expects Binance to discontinue the Singapore proceedings following a hearing on Aug. 7. “RedotPay will be seeking legal costs arising from the discontinuance of the matter from the claimant,” a spokesperson for RedotPay said, adding that the parties would try to agree on costs. However, Binance said it has no plans to abandon its claims. “Reports that Binance will be withdrawing its Singapore claims are false,” a Binance spokesperson told Cointelegraph, adding that the company “is not abandoning its claims and has informed both the court and RedotPay accordingly.” Read more -
Cointelegraph.com - 10:06 Aug 12, 2026
Bitcoin miners showed a “concerning” trend of pivoting to AI amid a profit squeeze as transaction-fee income barely bounced from 10-year lows of 0.52% of revenue. Bitcoin (BTC) transaction fees now account for just 0.69% of miner revenue as major players pivot to AI. Key points: Data from onchain analytics platform Glassnode shows that fees as a proportion of miner revenue remain near decade lows after falling to just 0.52% in April. Read more
11869 items