Cointelegraph.com
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Cointelegraph.com - 05:44 Aug 06, 2026
Federal Reserve Governor Lisa Cook said she is “prepared to act” if inflation remains too high above the Fed’s target rate. Federal Reserve Governor Lisa Cook said she is prepared to support higher interest rates if US inflation fails to come down, a change that can pressure crypto and other high-risk investments. Cook was speaking at a luncheon hosted by the Anchorage Economic Development Corporation, saying that while some disinflationary forces are in play, she is “prepared to act” if disinflation stalls. “As I have described, inflation is too high, and I consider the risks to the inflation side of the dual mandate higher than the risks to the employment side at this point,” said Cook. “As such, I am prepared to act by raising rates, if necessary.” Read more -
Cointelegraph.com - 05:08 Aug 06, 2026
Eliza Labs founder Shaw Walters said the project transferred its remaining treasury to settle a tokenholder lawsuit and will continue building Eliza without an associated cryptocurrency. ElizaOS fell 19% over 24 hours to an all-time low after Eliza Labs founder Shaw Walters said the token was “dead” and that the Eliza Foundation was winding down. CoinGecko data showed the token trading at $0.000285 at the time of writing after touching a record low of $0.000284 on Thursday with a market capitalization of $2.1 million. The drop came after an announcement from Walters that the foundation was winding down. “The token is dead. Completely,” Walters said, adding that he no longer owned or supported the token. He said the development of the open-source Eliza software would continue without the token or the foundation. Read more -
Cointelegraph.com - 04:28 Aug 06, 2026
The incident reportedly stemmed from a misconfigured testing environment, adding Meta to a growing list of AI firms whose models have escaped evaluation sandboxes. Meta has become the latest major AI company to disclose that one of its models hacked another company’s systems during testing, following similar incidents involving Anthropic and OpenAI. The model involved Meta’s Muse Spark 1.1, which launched in July, according to The Information, citing sources. The issue reportedly stemmed from a misconfiguration by Irregular, an artificial intelligence security testing and red-teaming firm, which inadvertently gave the model internet access during an evaluation. The model “exploited a security vulnerability in a third-party service, in a manner similar to previously reported instances with other companies,” Meta told Reuters in a statement. Read more -
Cointelegraph.com - 01:33 Aug 06, 2026
Cash App and Square drove better-than-expected results, while the company said it expanded its use of AI across software engineering. Fintech company Block (XYZ) lifted its full-year outlook after reporting a strong second quarter driven by growth in Cash App and Square, with gross profit up 25% year over year to $3.17 billion, ahead of Block’s prior guidance. Second-quarter adjusted operating income also exceeded guidance, reaching $855 million, according to a results filing on Wednesday. Adjusted diluted earnings per share were $1.02, beating the Wall Street consensus estimate of 87 cents per share. The results led Block to lift its full-year gross profit guidance to $12.51 billion from $12.33 billion, and adjusted operating income to $3.47 billion from $3.34 billion. Read more -
Cointelegraph.com - 01:31 Aug 06, 2026
Mysten Labs’ co-founder Sam Blackshear said he is joining Anthropic as AI shifts the balance between attackers and defenders. Sam Blackshear, the co-founder and chief technology officer of Mysten Labs, has announced he will be stepping down to join Anthropic to work on defensive security research. Blackshear, along with four former Meta executives, founded Mysten Labs — the creator of the Sui blockchain — in September 2021. Blackshear said Mysten Labs co-founder and CEO Evan Cheng will step in to set the “technical vision” for Mysten going forward. “When I reflect on my career, I have been happiest doing hands-on technical work while exploring new problem domains,” said Blackshear. “This is an opportunity to do both, and I’m motivated to work on security at a time when the balance of power between attackers and defenders is shifting.” Read more -
Cointelegraph.com - 01:09 Aug 06, 2026
“There’s a lot of chaos right now in the ecosystem. We absolutely understand that many people are being bombarded with security issues right now,” said Bitcoin developer Calle. A Bitcoin security group made up of just 16 volunteers said they have found nearly 5,000 potential issues during a rapid AI-assisted review of projects in the Bitcoin ecosystem. Bitcoin Red Team is a volunteer security effort that includes Rob Hamilton, CEO of AnchorWatch and Bitcoin developer Calle, among others, which has been using AI tools and human review to scan open-source Bitcoin-related repositories for vulnerabilities. “We’re averaging on the order of 1 critical exploit per hour per person,” said Calle in a post to X on Wednesday. Read more -
Cointelegraph.com - 21:15 Aug 05, 2026
The lawmaker reportedly sent a letter to the Commerce Secretary demanding answers about the administration’s treatment of the UAE following investments in the Trump family’s crypto company. Senator Elizabeth Warren has reportedly asked the US Commerce Department to explain the administration’s policy toward the United Arab Emirates following the country’s investment in President Donald Trump’s family-backed cryptocurrency venture, World Liberty Financial. Read more -
Cointelegraph.com - 19:18 Aug 05, 2026
US lawmakers have only a few days to hold a vote on a crypto market structure bill before a recess begins that could push consideration into the 2026 election season or beyond. The window for the US Congress to pass a comprehensive market structure bill on cryptocurrencies is closing, with the Senate set to go on recess in a matter of days, and lawmakers still have not announced clear plans to vote on the legislation. In a Wednesday X post, Senator Cynthia Lummis said she anticipated that the Senate would vote on the Digital Asset Market Clarity (CLARITY) Act before the chamber breaks for its month-long August recess. The Wyoming lawmaker has been one of the biggest proponents for the crypto bill, which has split many members of Congress and industry leaders over different provisions on ethics, stablecoins and tokenized equities. “It’s just time to get people on the record,” said Lummis. Read more -
Cointelegraph.com - 18:53 Aug 05, 2026
The undisclosed investment will support the development of Tokenet, a digital asset lending platform, as institutional demand for crypto infrastructure continues to grow. Marex Group, a Nasdaq-listed financial services firm, has invested an undisclosed amount in institutional crypto infrastructure provider Digital Prime Technologies, underscoring traditional finance’s growing interest in digital asset markets. The companies announced Wednesday that the investment will support the continued development of Tokenet, a digital asset lending and borrowing platform built by Digital Prime in partnership with EquiLend. Marex said the investment is part of its strategy to expand its institutional digital assets business. Last week, Digital Prime said Tokenet had surpassed $1 billion in lending inventory and more than $1 billion in borrowing demand from its launch partners. The figures referred to the amount of digital assets available to lend through the platform and the volume of borrowing interest expressed by parti... -
Cointelegraph.com - 16:51 Aug 05, 2026
A Midwest Democratic primary that raised accusations of payback from the cryptocurrency industry ended with the unseating of two-term incumbent Shri Thanedar. Michigan State Representative Donavan McKinney won a Democratic primary against incumbent House Representative Shri Thanedar in a race that raised accusations of payback by the cryptocurrency industry. McKinney won the primary for Michigan’s 13th Congressional District with 51.9% of the vote against Thanedar’s 48.1% as of Wednesday, the New York Times reported. The primary saw a cryptocurrency-backed political action committee (PAC) spending more than $2 million on media in an attempt to re-elect Thanedar, who has voted in favor of many bills favoring the industry while in Congress. Election results for Democratic primary in Michigan’s 13th congressional district. Source: The New York Times Read more -
Cointelegraph.com - 16:30 Aug 05, 2026
The remittance giant is rolling out Stablecard across 37 markets, targeting cross-border payments and consumers seeking US dollar-denominated savings in volatile economies. Western Union has partnered with stablecoin infrastructure provider Rain to launch Stablecard, a digital wallet and Visa-branded card that enables users to hold and spend a US dollar-backed stablecoin, marking one of the company’s biggest moves into blockchain-based payments. On Wednesday, Western Union said Stablecard allows users to hold, receive, transfer and spend USDPT, a US dollar-backed stablecoin issued by Anchorage Digital Bank on the Solana blockchain. Stablecard launched in 37 markets, with Western Union aiming to expand availability to more than 60 markets by the end of the year. Users can receive Western Union money transfers directly into a USDPT wallet, transfer funds to compatible crypto wallets and exchanges and spend their balances anywhere Visa is accepted, including through Apple Pay and Google Pay. Read more -
Cointelegraph.com - 15:02 Aug 05, 2026
Gold and US stocks stole the limelight on Wednesday as Bitcoin failed to gain significantly beyond $64,000. Bitcoin stayed wedged at $64,000 on Wednesday’s Wall Street open as gold hit six-week highs. Key points: Data from TradingView showed continued BTC price inertia contrasting with upside for both precious metals and US equities. Read more -
Cointelegraph.com - 14:08 Aug 05, 2026
Bitcoin, Ethereum and XRP whales increased balances during market weakness, as CryptoQuant said large holders are absorbing supply ahead of a possible bottom. Large cryptocurrency holders are accumulating Bitcoin (BTC) and Ether (ETH) as valuations approach levels associated with the final stage of a bear market, according to CryptoQuant. Rising whale balances during price weakness can reduce available supply and concentrate ownership among larger holders, the blockchain analytics company said in its latest Smart Money report seen by Cointelegraph. Bitcoin whale holdings, excluding exchanges and mining pools, rose to about 3.06 million BTC from 2.87 million BTC in December 2025, with accumulation accelerating after Bitcoin dropped below $60,000 in June. Read more -
Cointelegraph.com - 13:30 Aug 05, 2026
The Coldcard entropy flaw caused a crisis of confidence in hardware wallets. Here’s the details you need to know before you entrust Ledger, Trezor or Foundation with your Bitcoin. Just when you thought crypto market morale couldn’t sink any lower, along comes the Coldcard entropy bug to prove you wrong. The discovery of a flaw in one of the industry’s longest-running hardware wallets last Friday serves as a stark reminder that there is no perfectly safe place to put all your Bitcoin. Coldcard disclosed the entropy-generation flaw affecting multiple Coldcard devices on July 31. Since then, researchers at Galaxy Digital say attackers have been able to steal more than 1,596 Bitcoin worth at least $100 million through several coordinated attacks. Read more -
Cointelegraph.com - 13:20 Aug 05, 2026
Galaxy Digital reported an $85 million net loss driven by falling digital asset prices and $8.7 billion in revenue that missed Wall Street estimates. Galaxy Digital reported an $85 million net loss for the second quarter of 2026 as cryptocurrency valuations declined in the period. That resulted in a $0.09 loss per share posted on Wednesday which Galaxy attributed to the depreciation of digital asset prices during the quarter. Revenue at $8.7 billion was down 15% from $10.2 billion in the first quarter of 2026. Analysts had forecast a consensus of $12.7 billion, according to estimates compiled by Yahoo Finance. Read more -
Cointelegraph.com - 13:00 Aug 05, 2026
Mastercard and Borderless are exploring ways to bring more trust into cross-border stablecoin transfers through the payment processing giant’s Crypto Credential framework. Payment processor Mastercard and stablecoin orchestration network Borderless will run a new pilot project to explore how Mastercard’s Crypto Credential standards-based framework can bring greater trust to cross-border stablecoin payments. The pilot will test how Mastercard’s framework can address the challenge of providing assurance signals that participants can incorporate into their approval, compliance and risk processes, they said in an announcement shared with Cointelegraph. Mastercard’s framework uses common standards and assurance signals to help bring certainty to blockchain transactions. The pilot will seek out new governance signals that can reduce friction in cross-border stablecoin payments. Read more -
Cointelegraph.com - 12:01 Aug 05, 2026
Binance-linked companies sued RedotPay, accusing it of diverting more than 470,000 Binance Card users under a commercial deal and seeking nearly $473 million in damages. Binance-affiliated companies have sued the founders of Hong Kong-based cryptocurrency payments company RedotPay, alleging it diverted more than 470,000 users from Binance Card in breach of their commercial agreement. The plaintiffs seek nearly $473 million in damages, alleging the conduct contributed to RedotPay’s valuation as the company considers a potential initial public offering, Bloomberg reported Wednesday, citing a Hong Kong court filing it obtained. RedotPay said it is defending the proceedings and rejected what it described as “unfounded allegations” against the company and its co-founders. “RedotPay is strenuously defending the proceedings,” a RedotPay spokesperson told Cointelegraph, adding that it will respond through the appropriate legal process. Read more -
Cointelegraph.com - 11:48 Aug 05, 2026
Stablecoin issuer Circle reported $701 million in Q2 revenue, missing Wall Street estimates of about $713 million. Stablecoin issuer Circle reported $701 million in revenue for the second quarter of fiscal year 2026 on Wednesday, narrowly missing preliminary Wall Street estimates. Circle reported $701 million in total revenue and reserve income, up 7% year-over-year, according to its announcement. It also reported net income from continuing operations of $48 million, marking a $530 million year-over-year increase. Circle also reported $668 million in reserve income, which increased 5% year-over-year, primarily due to a 25% increase in average USDC (USDC) circulation. Read more -
Cointelegraph.com - 10:43 Aug 05, 2026
US spot Bitcoin ETFs drew $382 million in two-day inflows, with Galaxy’s Bitcoin ETF returning to gains as the Coldcard incident renewed custody concerns. US-listed spot Bitcoin exchange-traded funds (ETFs) are attracting fresh capital as a high-profile cryptocurrency custody incident puts renewed focus on digital asset security. Spot Bitcoin ETFs recorded $211.5 million in net inflows on Tuesday, adding to Monday’s $170 million, according to data from SoSoValue. The inflows came as the ongoing Coldcard hack drew attention from analysts, with Galaxy Research estimating that the attack may have affected as many as 7,300 addresses and resulted in about $130 million in suspected Bitcoin (BTC) losses from users of the hardware wallet. Read more -
Cointelegraph.com - 10:40 Aug 05, 2026
The rating recognizes the fund’s ability to maintain a stable net asset value, while S&P separately reaffirmed USDT among the lowest-rated stablecoins under its existing assessment framework. S&P Global Ratings assigned its highest principal stability fund rating to BlackRock’s new tokenized money market fund. The ratings provider assigned an “AAAm” rating to the BlackRock Daily Reinvestment Stablecoin Reserve Vehicle (BRSRV) on Monday, citing the creditworthiness of its investments and counterparties, its maturity structure and management’s ability to maintain a stable net asset value. S&P said it identified “no weaknesses” in its qualitative assessment of BlackRock Advisors’ management and organization, credit research and analysis, risk management and compliance. Read more
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