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The Bitcoin Policy Institute and other industry participants urged AI companies to offer early access to their frontier models to aid Bitcoin and open-source developers in their cybersecurity efforts. A group of cryptocurrency companies has urged frontier artificial intelligence (AI) labs to give Bitcoin developers early access to their most capable models. The letter, published by the Bitcoin Policy Institute (BPI) on Monday, said many digital asset defenders, including Bitcoin Core developers, lack access to lab cyber programs and can be blocked by guardrails on publicly available frontier systems, leaving them to rely on less capable open-weight models. The signatories urged frontier AI labs to “establish or expand standing trusted-access programs for qualified defenders of open-source financial infrastructure.” Read more
Suspected North Korean IT workers joined a fake crypto startup — without realizing their every move was being tracked to extract valuable intel. It isn’t often that a reporter gets asked to pose as a venture capitalist to fool suspected North Korean IT workers. But in June, I found myself joining a Zoom call as “Aelin Ashriver,” an investor from the fictitious Definitive Communications, to meet the development team of crypto startup Ballena Azul. The IT workers on the call believed they were pitching for VC backing for their startup. In reality they had spent weeks working inside a fake crypto company set up purely to study their methods and infrastructure by Mauro Eldritch, founder of cybersecurity firm BCA LTD, and Heiner García, a cyber threat intelligence analyst at Telefónica Tech and founder of NorthScan. Read more
Harmony is working with exchanges to freeze funds and is preparing a patch after claims that 2.8 billion unauthorized ONE hit trading platforms. Harmony is considering rolling back its blockchain after claims that an attacker exploited the network to mint nearly 4 billion ONE tokens, equivalent to about 26% of the token’s supply. On Tuesday, Harmony said it was working with exchanges to stop and freeze funds. The layer-1 blockchain said it was preparing a patch and evaluating rollback options. It did not confirm the cause, the number of tokens created or the amount sent to exchanges. Cointelegraph contacted Harmony for comment but had not received a response by publication. Read more
The order escalates a jurisdictional fight over whether states may treat federally regulated event contracts as illegal gambling. The US Commodity Futures Trading Commission (CFTC) invoked its emergency authority on Tuesday, ordering prediction market Kalshi to continue operating. The CFTC said that New York’s enforcement action and request for a temporary restraining order themselves constituted a market emergency and directed Kalshi to continue operating in accordance with its normal practices and the Commodity Exchange Act’s Core Principles. New York’s requested temporary restraining order would bar Kalshi from operating a business offering contracts tied to sports, culture, elections and other events in or from New York or to people in the state. The CFTC said the order could prevent Kalshi from offering all event contracts nationwide because it is based in New York. According to the CFTC, New York is seeking at least $36 billion in compensatory damages pending an accounting. Read more
Mining pools controlling most of Ravencoin’s hash rate are building a competing chain that could trigger a three-day reorganization. Ravencoin dropped to an all-time low on Wednesday as an exploited consensus vulnerability left several days of transactions at risk and prompted exchanges to suspend RVN transfers. According to CoinGecko, the cryptocurrency dropped to $0.002754, about 22% below its 24-hour high of $0.003529. Trading volume climbed above $18 million during the sell-off before easing to about $9.6 million, while RVN recovered to around $0.00284, at the time of writing. On Tuesday, Ravencoin said the exploit caused vulnerable nodes to accept invalid blocks, with the first known instance appearing at height 4,487,776 on Friday. Similar invalid blocks appeared after the flaw was demonstrated on the mainnet, it added. Read more
Regulators allege Goliath promised crypto liquidity-pool returns but instead paid earlier investors and funded its founder’s luxury spending. The US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) filed separate civil lawsuits on Tuesday against Goliath Ventures and founder Christopher Delgado over an alleged crypto Ponzi scheme that raised about $400 million. The SEC said Goliath raised at least $425 million from more than 1,300 investors through an unregistered securities offering. Investors were told their money would be placed in crypto liquidity pools, but the agency alleged none of the funds or crypto assets were invested in the pools and Delgado diverted at least $51 million for personal use. In a separate action, the CFTC said about 1,600 customers contributed at least $397 million after Goliath solicited funds for crypto trading in Bitcoin and Ether. Read more
The US securities regulator scheduled a meeting this week with the potential to step up on digital asset policies without congressional action. Update (Aug. 10 10:40 pm UTC): This article has been updated to include a response from the SEC. The US Securities and Exchange Commission (SEC) has announced a meeting to consider “new rules to create a tailored offering regime for certain investment contracts involving crypto assets.” According to the SEC’s agenda, the commission will hold an open meeting on Friday that has the potential to address policies and regulations affecting the crypto industry in the absence of action from US Congress. Last week, lawmakers in the Senate failed to pass the Digital Asset Market Clarity Act, also known as CLARITY, which was expected to provide a comprehensive framework for financial regulators on the oversight of cryptocurrencies. Read more
The bank will test tokenized fixed-income securities and investment funds as part of an ANBIMA-led industry pilot. Itaú, Latin America’s largest private sector bank, has partnered with digital asset infrastructure provider OpenAssets to participate in an industry-led pilot testing the tokenization of fixed-income securities and investment funds in Brazil. The initiative is led by the Brazilian Financial and Capital Markets Association (ANBIMA), which is testing the issuance, trading and settlement of capital markets instruments using distributed ledger technology (DLT). According to Tuesday’s announcement, the companies will develop technical proofs of concept and assess the operational, compliance and technology requirements for tokenized assets, with debentures and investment funds among the use cases being explored. Read more
MoneyGram’s Ramps service now connects Solana wallets and applications to its global cash network, with Rift becoming the first wallet to integrate the service. Global remittance company MoneyGram has expanded its Ramps service to Solana, allowing wallets, exchanges and developers on the network to offer cash-to-crypto and crypto-to-cash conversions through its payments network. Ramps previously operated on Stellar, making Solana its second supported blockchain. Rift is the first Solana (SOL) wallet to integrate the service, allowing users to move between crypto and local currencies through MoneyGram. In an X post announcing the launch, Solana said MoneyGram serves more than 60 million customers through nearly 500,000 retail locations across more than 170 countries, with the network now accessible to Solana developers through a single API. Read more
After an August recess, lawmakers in the Senate will have just 36 days in session before the end of the year to pass the CLARITY Act. The Digital Asset Market Clarity (CLARITY) Act is expected to be held for a cloture vote in September upon the US Senate’s return, but it still faces significant hurdles on the path to becoming law. Just before the Senate broke for a month-long recess last week, Majority Leader John Thune filed cloture for the crypto market structure bill to go to the floor for consideration. Lawmakers will return from recess on Sept. 14, but only have 14 days scheduled to be in session before breaking for a recess before the November election and another 22 days before the end of the year. This 36-day window for the CLARITY Act still has many crypto industry advocates publicly expressing their optimism for the bill’s chances in Congress, but lawmakers had not announced any deal on many of the provisions still at issue. These included ethics language affecting US President Donald Trump’s ties t...
The company has bought roughly 25 times more BTC than it has sold this year, despite recent sales that challenged its long-standing accumulation strategy. Strategy CEO Phong Le said the company plans to resume accumulating Bitcoin later this year, even after shifting business priorities prompted it to sell portions of its holdings in moves that drew scrutiny from the market. In a Monday interview with FOX Business, Le said Strategy had purchased around 175,000 Bitcoin since the beginning of the year while selling roughly 7,000 BTC, making the company a significant net buyer. That’s “about 25 times more” buying than selling, Le said. He added that Strategy has gone from the world’s second-largest institutional Bitcoin holder to the largest. Read more
The license allows ARP Digital to offer regulated digital asset and stablecoin conversions into UAE dirhams as it expands its Gulf presence beyond Bahrain. ARP Digital, an institutional digital asset infrastructure provider, has secured a broker-dealer license from Dubai’s Virtual Assets Regulatory Authority, allowing the Bahrain-based firm to offer regulated conversions between digital assets and the UAE dirham. According to ARP Digital, the license covers United Arab Emirates-based corporates, capital markets participants and qualified investors, including conversions between stablecoins and dirhams. The company said it will also provide institutions with a regulated route to convert digital asset capital for deployment into local UAE assets. The approval marks ARP Digital’s second regulated Gulf market. The firm is licensed by the Central Bank of Bahrain, where it says it has processed more than $3.5 billion in volume for over 450 institutional and corporate counterparties, with fourfold year-over-year gro...
The legal action against Kalshi focused on trademark infringement and injury to its reputation in addition to citing state authorities comparing the company’s contracts to gambling. FlightAware, a company that offers real-time status and information about flights globally, filed a lawsuit against Kalshi in a New York federal court over the prediction markets platform using its “data and name to run gambling markets on flight cancellations.” In a Monday filing in the US District Court for the Southern District of New York, the company said that despite repeated demands for Kalshi to stop using its registered trademark and offering bets “verified by FlightAware’s data,” the prediction market has continued to list event contracts based on flight cancellations. The lawsuit cited authorities’ claims that event contracts on prediction market platforms like Kalshi were “wagers” in violation of state laws, adding that the company’s expansion to trading on commercial flights starting in July was associating FlightAwa...
Flowdesk’s VARA approval follows its MiCA authorization in France as crypto firms build regulated operations across major global markets. Flowdesk, an institutional crypto market maker backed by Coinbase Ventures and BlackRock, has received a full broker-dealer license in Dubai, expanding its ability to serve institutional investors in the emirate. On Tuesday, Flowdesk said Dubai’s Virtual Assets Regulatory Authority granted the license to its local entity, Flowdesk Omega FZE, allowing it to provide regulated broker-dealer services to qualified and institutional investors in and from Dubai. The approval follows Flowdesk’s broader regulatory expansion, with the company receiving authorization in France as a Crypto-Asset Service Provider under the European Union’s Markets in Crypto-Assets framework. Read more
Nasdaq’s acquisition of the third-largest US alternative trading system comes as the exchange operator expands into tokenized securities and longer trading hours. Nasdaq has agreed to acquire LeveL Markets, the third-largest alternative trading system in the US by trading volume, as part of its push into tokenized and always-on markets. According to Nasdaq, LeveL Markets processes hundreds of millions of shares daily and serves more than 2,500 buy- and sell-side clients. The venue will operate within Nasdaq’s new Digital Liquidity Networks unit, led by Roland Chai, who has overseen the company’s digital assets strategy since earlier this year. Nasdaq first invested in LeveL Markets in 2021. The platform has since grown to execute trades across more than 7,000 symbols daily and serves more than 300 institutional buy-side firms, with average daily trading volume increasing 56% in 2025. Read more
Bitcoin price action sank to one-week lows ahead of US CPI data, while retail investors piled into gold ETFs and XAU/USD hit its highest levels in nine weeks. Bitcoin (BTC) headed lower around Tuesday’s Wall Street open as investors’ appetite for gold sent the precious metal to nine-week highs. Key points: Data from TradingView showed BTC/USD abandoning a low-timeframe rebound to drop back below $64,000. Read more
Shipfinex plans to bring 35 vessels onchain through ADI Chain as tokenization expands into the multitrillion-dollar maritime industry. Dubai-based maritime asset tokenization platform Shipfinex partnered with ADI Chain to tokenize a pipeline of around 35 vessels worth $500 million, as it looks to open new financing channels for shipowners. According to the company, the vessels will be placed in separate special-purpose vehicles, with the resulting tokens potentially representing vessel-backed credit, charter-linked income or other economic interests in individual ships. ADI Chain, an Abu Dhabi-based blockchain focused on stablecoins and real-world assets, will provide the distribution and settlement infrastructure. Primary allocations and distributions are expected to use UAE dirham-, US dollar- and other currency-denominated stablecoins. Read more
SharpLink reported a net loss of $394 million in the second quarter of 2026, largely driven by Ether’s 23% decline during the quarter. SharpLink, the second-largest Ether treasury company, reported a net loss of $394 million for the second quarter of 2026, compared to a $103 million net loss during the same period last year. The loss included $321 million in unrealized crypto losses and $76 million in impairments on staked Ether (ETH) tokens, according to a Monday announcement. The Miami, Florida-based Ether treasury company said it generated $11.5 million in revenue, including $11.1 million from ETH staking. Cash and cash equivalents totaled $56 million, up from $28 million in December 2025. Read more
Trading platform eToro will acquire TradeZero as part of its US expansion as it reported crypto-related revenue fell by about 30% compared to the second quarter of 2025. Trading platform eToro plans to acquire US online brokerage TradeZero as part of its US expansion plans, the company announced Tuesday. In its second-quarter report, eToro reported $1.59 billion in revenue, down from $2 billion in the comparable 2025 period. Of that, $1.34 billion was revenue from crypto assets, down about 30% from $1.9 billion in Q2 of 2025. However, eToro reported $1.35 billion in crypto-related cost of revenue and $19.7 million in net income from crypto assets. Total net income was $53.4 million. Equities and commodities-related trading generated $141 million in net income for the platform. Read more
Russia’s central bank proposed allowing Bitcoin, Ether and USDT to trade on regulated exchanges, following a law signed by President Vladimir Putin last week. Russia’s central bank has compiled a proposed list of crypto assets that could be admitted to public trading on exchanges under new rules approved last week. The list includes Bitcoin, Ether and Tether’s stablecoin USDT, the Bank of Russia said Tuesday, adding that the assets meet criteria including market capitalization, average daily trading volume and at least five years of price history on overseas markets. The proposal follows a new law, signed by President Vladimir Putin on Aug. 4, that gives the Bank of Russia authority to determine which digital currencies can be admitted to organized trading and set related rules. Read more11869 items