Cointelegraph.com
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Cointelegraph.com - 08:04 Aug 02, 2026
Bitcoin users moved 39,600 BTC in small transactions as the Coldcard hack continued, with researchers warning that the attack remained active. Smaller Bitcoin transfers have reached levels not seen since the collapse of cryptocurrency exchange FTX amid an ongoing suspected Coldcard hack. Bitcoin transfers below 1 BTC climbed to their highest daily level since November 2022 on Friday, with 39,600 BTC moved, according to data shared by CryptoQuant head of research Julio Moreno on Saturday. The figure was just 300 BTC below the 39,900 BTC transferred on Nov. 16, 2022, days after FTX filed for bankruptcy. “The Bitcoin plebs had not moved this amount of BTC in a day since the FTX collapse,” Moreno said, adding that he was encouraged to see users “taking action.” Read more -
Cointelegraph.com - 21:14 Aug 01, 2026
A case tied to defunct crypto exchange FTX moves forward, a soldier seeks to dismiss over a Polymarket bet and a former congressman was ordered to pay $35,000 for manipulative trading. In a Friday filing with the US District Court for the Southern District of New York (SDNY) over campaign finance charges, Michelle Bond’s legal team asked the court to consider precluding evidence related to former FTX Digital Markets co-CEO Ryan Salame, her husband who is currently serving a 90-month sentence after he pleaded guilty in 2023. Bond faces campaign finance charges alleging that her unsuccessful 2022 congressional run in New York was partially funded by contributions from FTX facilitated by Salame. As part of the filings this week, Bond asked the court to exclude evidence of her husband’s guilty plea and “related plea materials,” in which the former executive admitted to making “political contributions in [his] name that were funded by transfers from the bank accounts” of an entity tied to FTX. “The Court should p... -
Cointelegraph.com - 18:07 Aug 01, 2026
State officials reported that Minnesota residents, and largely senior citizens, had lost about $1 million from scams tied to crypto kiosks from 2023 to 2025. A Minnesota law prohibiting virtual currency kiosks in the US state took effect on Saturday following the signing of a bill by Governor Tim Walz in May. According to the law, SF 3868, which Walz signed on May 5, all crypto ATM operators in Minnesota are prohibited from “installing, operating, maintaining, or making available” virtual currency kiosks. Companies with machines already installed must deactivate them by Saturday, but have until Dec. 31 to physically remove them from locations “visible or accessible to the public.” Minnesota’s commerce department reported residents had lost about $1 million from scams tied to crypto ATMs from 2023 to 2025, with the FBI’s Internet Crime Complaint Center reporting the state had more than $151 million in losses tied to digital assets or crypto wallets in 2025. Officials said that the schemes “disproportionately ... -
Cointelegraph.com - 15:44 Aug 01, 2026
Michigan incumbent Shri Thanedar’s re-election bid against other Democratic candidates is getting more about crypto with an infusion of ads funded by an industry-aligned PAC. An affiliate of a political action committee (PAC) funded largely by contributions from cryptocurrency companies Ripple Labs and Coinbase has poured more cash into ads for next week’s primary race in Michigan’s 13th Congressional District. According to Federal Election Commission (FEC) filings as of Thursday, the Protect Progress PAC had spent more than a combined $2 million on media to support Michigan Representative Shri Thanedar in the state’s 13th district and oppose his Democratic challenger, Donavan McKinney. The most recent filings effectively doubled what the PAC had reported spending a week prior, with an additional $884,240 on ads to support Thanedar and more than $150,000 to oppose McKinney. Read more -
Cointelegraph.com - 10:23 Aug 01, 2026
Russia has added Moscow, the Moscow Region and parts of Kursk Region to its cryptocurrency mining ban list, citing power supply concerns behind the restrictions. Russia has expanded its cryptocurrency mining restrictions to Moscow, with the ban set to take effect on Aug. 15, 2026, and remain in place through Dec. 31, 2032. Russia’s Resolution No. 936, signed by Prime Minister Mikhail Mishustin on July 25, 2026, amends an earlier mining restriction order issued in December 2024, according to records published on Pravo.ru. The updated rules add Moscow, the Moscow Region and several territories in Russia’s Kursk Region to the list of restricted areas. The measure expands existing restrictions on cryptocurrency mining in areas facing electricity supply concerns. The ban also covers eight municipal districts and the city of Lgov in Kursk Region. Read more -
Cointelegraph.com - 09:23 Aug 01, 2026
Galaxy Research identified 1,196 addresses that lost 1,082.65 Bitcoin in a 41-minute window, expanding the estimated scope of the Coldcard wallet incident. Galaxy Research, the research arm of crypto investment company Galaxy Digital, identified 1,196 addresses linked to the Coldcard wallet incident that lost 1,082.65 Bitcoin, worth about $70.2 million at the time of the transactions. Galaxy Research traced the Bitcoin movements between 1:10 AM and 1:51 AM UTC on July 30 across blocks 960,183 to 960,191, about 30 hours before Coldcard published its first security advisory, according to an X post on Friday. Earlier preliminary analysis of the Coldcard incident by AnchorWatch CEO and co-founder Rob Hamilton estimated that 594.48 Bitcoin, worth around $38 million, moved across 500 transactions within a three-block window. Read more -
Cointelegraph.com - 07:23 Aug 01, 2026
Spot Bitcoin ETFs attracted $172.4 million in July inflows but remained $5.3 billion negative year to date after heavy withdrawals in May and June. US-listed spot Bitcoin exchange-traded funds (ETFs) finished July in the green despite a late-month wave of selling and BTC price volatility. Bitcoin ETFs attracted a modest $172.4 million in net inflows in July, reversing two consecutive months of outflows, according to SoSoValue data. The monthly inflows came despite a volatile end to July, as the funds logged a $265.4 million net outflow on Friday, marking their largest daily withdrawal since July 13. Read more -
Cointelegraph.com - 20:10 Jul 31, 2026
Researchers found that fiat conversion costs and payment infrastructure, rather than blockchain fees, accounted for most of the differences in stablecoin remittance costs and settlement times. A Bank of Italy study found that stablecoin-based remittances did not offer a systematic cost or speed advantage over traditional payment channels, as fiat on- and off-ramp frictions accounted for most costs and transfer delays. Researchers tested 200 USDC (USDC) remittances across 10 bidirectional payment corridors linking Italy with Brazil, Argentina, Japan, the United Arab Emirates and South Africa, comparing end-to-end costs and settlement times with traditional remittance services. They found that exchange fees and currency conversion made up most of the cost, while blockchain transaction fees represented only a small share. Geographic design of the remittance experiment. Source: Bank of Italy Read more -
Cointelegraph.com - 19:16 Jul 31, 2026
Pump.fun co-founder Noah Tweedale reportedly attributed the layoffs to the company growing too quickly. Solana-based memecoin launchpad Pump.fun reportedly fired employees two months before they were due to receive PUMP tokens worth millions of dollars. According to a Friday Sandmark report, at least one Pump.fun worker was due to receive PUMP tokens worth in the seven-figure range. The news outlet reported that Pump.fun co-founder Noah Tweedale said the company “grew too quickly,” resulting in layoffs of an undisclosed number of employees. The employees were reportedly fired in April, just two months before they were due to start receiving the company’s tokens based on agreements signed in 2025. The agreements, according to documents viewed by Sandmark, said that Pump.fun would unlock a quarter of the employees’ allocated tokens in one year, scheduled for June 2026. Read more -
Cointelegraph.com - 16:56 Jul 31, 2026
Several users of the long-defunct crypto exchange reported that distribution agents had begun releasing funds to reimburse creditors for some of their 2022 losses. The trust behind reimbursing creditors from defunct cryptocurrency exchange FTX has begun its fifth distribution of funds, sending $900 million to affected users. In a Friday X post, former FTX user Sunil Kavuri reported that he had received funds distributed from the FTX Recovery Trust and crypto exchange through Kraken. Kavuri said he had received a notice last week that FTX had sent the funds to Kraken, which released them as scheduled on Friday as part of the distribution plan for exchanges including BitGo and Payoneer. Source: Sunil Kavuri Read more -
Cointelegraph.com - 16:25 Jul 31, 2026
Tether’s reserve surplus grew to $4.11 billion in the second quarter as USDT supply rose despite a weaker stablecoin market and continued pressure across the crypto sector. Stablecoin issuer Tether generated another multibillion-dollar quarter as income from its US Treasury portfolio continued to bolster earnings, even as the broader crypto market remained under pressure. Tether’s latest quarterly attestation, released Friday, reported a net operating profit of $1.5 billion for the second quarter, driven primarily by interest earned on US Treasury holdings and repurchase agreements, or short-term loans backed by government securities. The company also reported a reserve buffer of $4.11 billion as of June 30, meaning its assets exceeded liabilities by that amount. Read more -
Cointelegraph.com - 16:23 Jul 31, 2026
Eligible retail and institutional users can use tokenized shares of Nvidia, Apple, Tesla and three other US companies across Bybit’s trading and lending products. Dubai-based crypto exchange Bybit has enabled six tokenized stocks to serve as collateral for margin trading and lending products, expanding the financial utility of blockchain-based equities. The update allows eligible retail and institutional users to use tokenized shares of Nvidia (NVDAX), Robinhood (HOODX), Circle (CRCLX), Tesla (TSLAX), Alphabet (GOOGLX) and Apple (AAPLX) as collateral for margin trading and borrowing through Bybit’s Unified Trading Account, Crypto Loans and Institutional Loans. The feature is available subject to Bybit’s lending terms and product availability. Bybit first introduced xStocks in June through a partnership with tokenization platform Backed, listing more than 60 tokenized US stocks and exchange-traded funds on its spot market. The assets are backed 1:1 by the underlying securities, which are held by a regulated cu... -
Cointelegraph.com - 16:14 Jul 31, 2026
TIPS data points to rising real yields, not inflation, a dynamic that weighs on non-yielding assets like Bitcoin. Key points: Read more -
Cointelegraph.com - 15:57 Jul 31, 2026
Bitcoin saw fresh downside pressure as US stocks tracked sideways into the end of the month, diverging from the relief bounce seen in Asia. Bitcoin (BTC) fell to its lowest levels in over two weeks on Friday as US stocks saw pressure into the monthly close. Key points: Data from TradingView showed BTC/USD falling 3.5% to reach $62,369 on Bitstamp, a level last seen on July 14. Read more -
Cointelegraph.com - 14:05 Jul 31, 2026
The European Central Bank proposed accessibility standards for its planned digital euro app, saying it would be one of several ways users could access basic digital euro services. The European Central Bank (ECB) said Thursday its planned digital euro app will exceed the accessibility requirements of the European Accessibility Act. The proposed design includes enhanced visual design, full keyboard navigation, screen-reader support, time-out warnings, simplified language, error prevention and reduced motion settings, among other accessibility features, the ECB said in a Thursday release. The ECB first described the standalone digital euro app in an October 2025 progress report, saying it would serve as a fallback if bank apps failed and allow users to switch payment service providers without learning a new application. The report said both bank and non-bank payment service providers opposed mandatory support for the standalone app. Read more -
Cointelegraph.com - 13:59 Jul 31, 2026
Crypto forensics company AMLBot launched an AI-enabled tool allowing users with no specialist knowledge to trace their digital assets, even after they are stolen. Crypto forensics and compliance company AMLBot has launched its AI Tracer, described as a self-service blockchain analysis tool that maps visible fund movements from a transaction hash across blockchain networks. AMLBot said the tool aims to address the current need for specialist software and knowledge to trace transactions. The company said the tool also traces through bridges that move assets cross-chain or when the assets are split among multiple wallets. “The process is automatic: the AI traverses the transaction graph, follows the movement of funds from the starting address through intermediate wallets toward whatever endpoint the money reached, and matches known entity labels — exchanges, services, flagged addresses — against every wallet it encounters,” the company said in a press release shared with Cointelegraph. Read more -
Cointelegraph.com - 13:27 Jul 31, 2026
The New York trust charter allows Circle’s subsidiary to provide fiduciary and custody services under state banking law. Circle said Friday that the New York Department of Financial Services (NYDFS) has granted a limited purpose trust charter to its subsidiary, Circle Internet Trust Company LLC. A limited purpose trust charter is issued under New York Banking Law for institutions that do not have the general power to accept deposits or make loans like traditional banks, according to the NYDFS. Instead, charter holders may exercise fiduciary powers and conduct activities such as custodial services, investment management, corporate trust, transfer agency and securities clearance. NYDFS also notes that some applicants seek to engage in virtual currency-related activity. Read more -
Cointelegraph.com - 13:13 Jul 31, 2026
The Japanese yen crosses a key psychological level after the country’s central bank reportedly conducted a major currency intervention. Japan’s central bank held interest rates steady at 1.0% on Friday after a reported major intervention in the yen. Key points: Read more -
Cointelegraph.com - 11:35 Jul 31, 2026
Situational Awareness retained about $10 billion in assets, including its Anthropic stake, after reportedly selling leveraged public stock positions to Ken Griffin’s Citadel. Ken Griffin’s Citadel reportedly bought a large proportion of the public stock portfolio of Situational Awareness, the hedge fund founded by former OpenAI researcher Leopold Aschenbrenner. The Financial Times first reported Thursday that Citadel bought the discounted portfolio after heavy losses during July’s artificial intelligence stock market rout. The transaction followed Aschenbrenner’s fund falling about 67% in July, according to The Wall Street Journal, citing a person who saw a letter sent to investors. The letter said the fund remained up about 80% for the year. The Financial Times previously reported the fund was up 439% through June. Read more -
Cointelegraph.com - 11:02 Jul 31, 2026
Twenty-eight financial institutions and central banks completed real-value settlements across six currencies using tokenized central bank reserves and commercial bank deposits. The Bank for International Settlements (BIS) said Project Agorá completed real-value testing of tokenized wholesale cross-border payments, with 28 financial institutions and central banks settling about 800,000 Swiss francs (about $1 million) across 17 transaction scenarios. The BIS said Thursday that the tests used tokenized central bank reserves and commercial bank deposits to settle payments in Swiss francs, euros, pounds sterling, Japanese yen, South Korean won and US dollars, with an average settlement time of about 80 seconds. Participants included the Bank of England, Bank of France, Bank of Japan, Bank of Korea and the Swiss National Bank, alongside commercial banks including JPMorgan Chase, Citi, Deutsche Bank, BNP Paribas, UBS, Standard Chartered and MUFG. Read more
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