Found 11869 news
Bitcoin analysis suggested that sell pressure would not increase given the historically large contraction in USDT market cap over a 60-day period. Biggest stablecoin Tether (USDT) has shed $4 billion in market cap in just two months, but history suggests that the downturn is nearly over. Key points: Onchain analytics platform CryptoQuant in a blog post last week flagged market cap “undergoing one of its sharpest contractions on record.” Read more
The Coldcard hack has no definitive loss figure yet as investigators rely on victim reports and onchain analysis that produce varying estimates. The Coldcard hack is testing crypto investigators’ ability to measure losses from self-custody wallets, where victim reports are critical to establishing the scale of the theft. Blockchain analytics platform CryptoQuant currently puts confirmed losses at 1,432 Bitcoin, while other analysts have traced substantially more funds to the attack. Galaxy Research and blockchain intelligence company TRM Labs both say their analysis points to a higher toll, while distinguishing between losses directly confirmed by victims and funds attributed to the attack through onchain patterns. Read more
Keel completed the shutdown of its US Bitcoin mining operations as it pivots toward AI and high-performance computing infrastructure Keel Infrastructure said it has decommissioned all US Bitcoin mining operations in preparation for high-performance computing (HPC) site construction, according to its second-quarter report published on Monday. The digital infrastructure company reported $30 million in revenue, down 50% year-on-year. The decrease was largely attributed to a decline in the average Bitcoin (BTC) price and the shutdown of its Moses Lake crypto mining operations in April 2026. The company also reported a $141 million operating loss, compared with operating income of $11 million in the same period last year. The loss included $84 million in non-cash depreciation. Read more
Keel completed the shutdown of its US Bitcoin mining operations as it pivots toward AI and high-performance computing infrastructure Keel Infrastructure said it has decommissioned all US Bitcoin mining operations in preparation for high-performance computing (HPC) site construction, according to its second-quarter report published on Monday. The digital infrastructure company reported $30 million in revenue, down 50% year-on-year. The decrease was largely attributed to a decline in the average Bitcoin (BTC) price and the shutdown of its Moses Lake crypto mining operations in April 2026. The company also reported a $141 million operating loss, compared with operating income of $11 million in the same period last year. The loss included $84 million in non-cash depreciation. Read more
Anthropic reportedly struck a $9 billion deal with Riot for 191 megawatts of capacity from the Bitcoin miner’s Rockdale campus in Texas. Bitcoin miner Riot Platforms said it secured a 20-year agreement to supply 191 megawatts of capacity from its Rockdale, Texas, campus to a “leading frontier AI” company, according to a Monday press release. The customer is Anthropic and the deal is valued at about $9 billion, Bloomberg reported Monday, citing people familiar with the matter. Cointelegraph has approached Anthropic and Riot for comment. Read more
South Korea will remove its 1 million won Travel Rule threshold and apply information-sharing requirements to all transfers between registered crypto service providers. South Korea will expand its crypto Travel Rule to all transfers between registered virtual asset service providers (VASPs), removing the current 1 million won (about $700) threshold. The country’s Cabinet approved amendments to the Enforcement Decree of the Act on Reporting and Using Specified Financial Transaction Information on Tuesday. Under the changes, the Travel Rule will apply to all transfers between registered crypto service providers regardless of value. Receiving platforms will also be required to obtain sender and recipient information and may request missing information or reject transactions when required data is unavailable. Read more
Decta will use USDC through OpenPayd’s infrastructure for international treasury settlement, seeking faster transfers and more efficient liquidity management. Update Aug. 11, 11:15 am UTC: This article has been updated to modify comments from Decta UK CEO Scott Dawson. Payments platform Decta will use USDC to settle its own funds internationally, bringing stablecoins into its back-end treasury operations. Decta said Tuesday that it will use OpenPayd, a financial infrastructure company, to convert company funds into USDC for international settlement, according to an announcement shared with Cointelegraph. Read more
Luke Dashjr lost his BIP editor privileges after developers raised concerns over his role in BIP 110 and its stalled minority fork. Bitcoin developer Luke Dashjr has been removed as an editor of Bitcoin Improvement Proposals following a dispute over his role in BIP 110. Bitcoin developer Mark Erhardt opened the pull request on Sunday after recommending Dashjr’s removal on the Bitcoin Developer mailing list. Erhardt said Dashjr had been “heavily involved” in creating and implementing BIP 110 and alleged that he unfairly favored the proposal while serving as an editor, including by attempting to assign it a BIP number before mailing-list discussion and quickly merging an update to it. Read more
Patrick Witt says the Trump administration will keep negotiating with Democrats as the Senate prepares for a September CLARITY vote. US President Donald Trump’s administration remains committed to passing the CLARITY Act in September despite the Senate’s decision to delay action until after its August recess, according to the White House’s top crypto policy official. Patrick Witt, executive director of the President’s Council of Advisors for Digital Assets, said Tuesday on X that the administration would continue negotiating with Democrats “all the way up until the September vote,” adding, “we also can’t afford to wait forever.” The Senate is expected to hold a cloture vote on the bill in mid-September, a procedural step that would require 60 votes to advance CLARITY toward a final vote. Read more
Trump Media says it will take a more disciplined approach to its crypto treasury while directing more resources toward its core media business. Trump Media said it plans to revamp its digital asset treasury strategy after unrealized losses on crypto and securities helped push the company to a $238 million net loss in the second quarter. The company reported $190.4 millio n in unrealized losses across its digital assets, pledged digital assets and equity securities in its Q2 earnings release on Monday. Trump Media said the new framework is intended to preserve its long-term digital asset exposure while managing volatility and improving the productivity of its balance sheet. Read more
The Bitcoin Red Team has been forced to rely on open source Chinese AI, after OpenAI restricted access. Thailand sets crypto tax to 0% in bid to become crypto hub. THAILAND For the next few years crypto investors in Thailand won’t have to pay any capital gains taxes on sales made via platforms licensed by Thailand’s Securities and Exchange Commission. The exemption is for five years and covers the period of January 1 2025, through to December 31 2029. The scheme aims to boost Thailand’s attractiveness as a regional crypto hub, and it’s already home to a growing community of crypto digital nomads However trades on unlicensed or overseas exchanges will still face standard personal tax rates as high as 38%. The exemption aligns the tax treatment of crypto with capital gains from traditional securities in the country. Thailand previously waved 7% value added tax on crypto gains in early 2024. Read more
A New York judge granted a motion filed by US prosecutors in July to stay the CFTC’s civil case against Gannon Ken Van Dyke over making more than $400,000 on prediction markets. A federal judge ordered that a civil case initiated by the US Commodity Futures Trading Commission (CFTC) be stayed pending the outcome of a criminal case against a US soldier who is alleged to have used nonpublic information to profit from a Polymarket event contract on the removal of Venezuelan President Nicolás Maduro. In a Monday ruling in the US District Court for the Southern District of New York, District Judge Andrew Carter granted a motion filed by prosecutors in July to stay the CFTC’s civil case “pending the outcome of the criminal proceeding.” The cases against Gannon Ken Van Dyke, a US Army Special Forces Master Sergeant, involve allegations of making more than $400,000 on Polymarket event contracts tied to Maduro’s removal. According to the US Justice Department, Van Dyke was involved in the operation to oust Maduro in ...
Messari reported that TRON recorded all-time highs in stablecoin supply and network activity during the second quarter, while DeFi and decentralized exchange activity declined. TRON, the layer-1 blockchain founded by Justin Sun, ended the second quarter with $87.9 billion in circulating USDT (USDT), surpassing Ethereum (ETH) while processing $2.1 trillion in USDT transfers during the period. According to a Messari report, USDT accounted for 98.5% of TRON’s stablecoin market, which grew 4.1% quarter-over-quarter to a record $89.2 billion. Average daily USDT transfer volume also returned to growth, rising 4.3% to $22.8 billion after declining in the first quarter. The increase coincided with record network usage. TRON averaged 11.8 million daily transactions during the quarter, up 8.7%, while average daily active addresses climbed 11.7% to 3.6 million. The network processed a record 14.6 million transactions on June 15, the report said. Read more
An individual behind the Aqua 1 entity that purchased $100 million worth of World Liberty Financial tokens in 2025 is reportedly a businessman with ties to the UK and UAE. An individual previously under investigation in the UK for money laundering following the collapse of a cryptocurrency business was reportedly behind buying $100 million worth of tokens from the Trump family company, World Liberty Financial. According to a Sunday New York Times report, Guren Zhou, also known as Bobby, was behind the Aqua 1 entity that purchased $100 million of WLFI tokens from the Trump family crypto business in June 2025. The token purchase financially benefitted members of US President Donald Trump’s family and that of World Liberty co-founder Zach Witkoff. Zhou’s reported involvement in the World Liberty purchase followed speculation that the individual behind Aqua 1 was Dave Lee. The Aqua 1 foundation acknowledged in July 2025 that Lee joined the company as co-founder and CEO in April 2025, but did not say whether he wa...
Coinsbuy said it covered all affected client funds after unauthorized withdrawals, while an onchain investigator estimated more than $7.9 million was stolen. Wallets linked to crypto payments platform Coinsbuy were reportedly drained of more than $7.9 million across Ethereum and TRON on Sunday. According to a Telegram post from blockchain investigator SpecterAnalyst, the attacker began moving the stolen funds into Monero through exchanges, while ChangeNOW helped freeze a six-figure portion of the assets. Coinsbuy temporarily paused deposits and withdrawals following the incident before restoring both services, according to SpecterAnalyst. The investigator identified three addresses linked to the stolen funds, including two Ethereum addresses and one TRON address. Read more
Following a procedural delay in the US Senate, lawmakers are expected to address a major crypto market structure bill after they return from a month-long recess, which met with industry criticism. With the Digital Asset Market Clarity (CLARITY) Act now set for a cloture vote in September, many advocates and industry leaders are frustrated and disappointed at lawmakers’ failure to act before the US Senate broke for a month-long recess. On Saturday, the Senate Daily Press reported that Majority Leader John Thune filed cloture on a motion for the CLARITY Act to go to the chamber floor for consideration, ending speculation that lawmakers would address the bill more than a year after it was passed by the House of Representatives. The CLARITY vote is now expected when the Senate reconvenes in mid-September, and would require support from 60 senators to pass. Across the crypto industry, many executives and advocates expressed their disappointment with the Senate’s inaction, as the push to September will happen with ...
Bitcoin wobbled with US stocks as Iran deflated hopes on the reopening of the Strait of Hormuz oil route, while analysis praised “exceptionally strong” institutional BTC inflows. Bitcoin (BTC) slipped below $64,500 after Monday’s Wall Street open as markets digested more US-Iran uncertainty. Key points: Data from TradingView showed BTC/USD hitting $64,447 on Bitstamp, its lowest since Friday, before a modest rebound. Read more
BlackRock Canada’s new IBQT fund combines global equity exposure with a 3% Bitcoin allocation through the firm’s Canadian iShares Bitcoin ETF. BlackRock Canada launched two exchange-traded funds Monday, including a portfolio that combines globally diversified equities with a 3% allocation to Bitcoin. The two funds, which began trading on the Toronto Stock Exchange, are the iShares Equity + Bitcoin ETF Portfolio (IBQT) and the iShares Core MSCI All-International Equity Index ETF (XINT). IBQT allocates 97% of its portfolio to Canadian, US, international and emerging-market equities and 3% to Bitcoin (BTC) exposure through BlackRock’s Canadian iShares Bitcoin ETF (IBIT), which trades on Cboe Canada. Rather than investing in individual stocks, IBQT primarily holds other iShares ETFs to provide its equity and Bitcoin exposure. Read more
Bitdeer mined 2,694 BTC in Q2, but ended the quarter holding just 150 BTC after liquidating its treasury earlier this year. Bitdeer mined 2,694 Bitcoin during the second quarter of 2026, up nearly fivefold from 565 BTC a year earlier. The miner closed the quarter with 150 BTC held on its balance sheet, down 90% from 1,502 BTC a year earlier, according to the company’s Q2 report published Monday. Bitdeer liquidated its entire 943 BTC treasury in February, citing liquidity decisions rather than a shift away from its core Bitcoin mining business. Read more
Strategy sold 1,690 Bitcoin to repurchase STRC shares as its US dollar reserve rose to $4.65 billion and its Bitcoin holdings fell to 840,447 BTC. Strategy, which holds the largest corporate Bitcoin treasury, sold BTC for the second week in a row to repurchase its STRC preferred stock. The company sold 1,690 Bitcoin for $108.6 million between Aug. 3 and Aug. 9, according to a Monday 8-K filing with the US Securities and Exchange Commission (SEC). Strategy used the proceeds to buy back 1.15 million shares of its STRC preferred stock for $108.6 million. STRC is a variable-rate preferred stock designed to pay monthly dividends. Read more11869 items