Crypto News Daily

Down to its last $4,000 in cash, a crypto firm holding millions in Solana is seeking a loan to survive $1.5M debt

UK-based Supernova Digital Assets has built a multimillion-pound crypto treasury, but its latest accounts expose the strategy’s less glamorous constraint: cash. An unfinished lender switch now stands between the company and further token sales, making its reported SOL position a test of whether it c...

Bitcoin Quantum Threat Inches Closer as IBM Claims 'Trusted Quantum Advantage'

The advance reflects IBM’s continued progress toward machines powerful enough to challenge today's cryptography.

Ostium blames off-chain breach for $24 million exploit, rules out smart contract flaw

The team said trader collateral was unaffected and that it will release a recovery plan for liquidity providers.

A secret 11th-hour CLARITY proposal to protect crypto coders was just ripped apart by both sides of Washington

Senate negotiations over the landmark CLARITY Act are producing fresh concessions, but little evidence that the parties are moving closer to a deal. Democrats are moving on regulatory appointments and ethics, while law-enforcement groups have proposed new language for one of the CLARITY Act’s most c...

A 90% shareholder rebellion just forced this public company to dump its entire Bitcoin treasury at a crushing £39,984 per-coin loss

Shareholders of Satsuma Technology Plc approved a capital return and delisting with 90.63% and 90.59% of votes cast, respectively, against the majority board's recommendation. The votes put the UK-listed Bitcoin treasury company on a path toward selling its Bitcoin and returning cash to shareholders...

Binance.US to apply for CFTC license in August for prediction market platform

Binance.US CEO Stephen Gregory said at a recent conference that the company will apply for a designated contract market license in August.

Bitcoin, ether whipsaw wipes out $286 million in leveraged bets

Price volatility around the Federal Reserve's rate decision cleared positions for roughly 90,000 traders, with unusually equal losses for bulls and bears.

South Korea plans to tax crypto gains over $1,740 as political battle moves to parliament

The country plans on taxing cryptocurrency gains from Jan. 1, 2027, signaling that it does not intend to postpone the measure for a fourth time.

Institutional crypto trading hits a record 72% as Wall Street calms crypto's wild swings

A new report from market maker Wintermute found that institutions now dominate crypto trading, driving lower volatility, selective altcoin flows and growth in tokenized assets.

US sanctions Iranian maritime firm, says it accepted Bitcoin to evade restrictions

The US Treasury said HormuzSafe accepted Bitcoin and other digital assets to evade sanctions and generate revenue for Iran’s Islamic Revolutionary Guard Corps.

Bitcoin ETF inflows return as Ether funds slip into outflows

US spot Bitcoin ETFs recorded $32.1 million in inflows on Wednesday despite Bitcoin dipping below $64,000, ending a four-session outflow streak.

Aave proposes reserve deprecations affecting $98 million in supplied assets

Aave proposed deprecating 75 reserves and six deployments, affecting $98.1 million in supplied assets and $15.6 million in debt.

Three Fed officials just voted for a rate hike as Bitcoin hangs by a thread on a $62,000 shelf

The Federal Reserve held its benchmark rate at 3.50% to 3.75% on July 29 in a 9-3 vote that showed real division inside the committee: Beth Hammack, Neel Kashkari and Lorie Logan all preferred a quarter-point increase. That was the first time since September 2016 that three policymakers dissented in...

Bernstein says Core Scientific’s AMD partnership could generate $14B over 15 years

Bernstein values Core Scientific's AMD deal at $14B over 15 years, with AMD backstopping a neocloud lease and holding warrants for 30M CORZ shares.

Ethereum enters its second decade after a year of upheaval at the foundation

Few periods in Ethereum's 11-year history have brought as much change, from leadership shakeups at the Ethereum Foundation to institutional adoption, as the past year has.

CME's Duffy warns an overlooked tax risk looms over U.S. perpetual futures

CME CEO Terry Duffy said a court battle over whether perpetual futures are swaps or futures could eventually affect how the IRS taxes the contracts. Independent legal experts say the issue remains unresolved.

Fake staking site drains $8.5 million in XRP from dozens of investors promising easy yield

Seoul police say the amount of the scam might rise to nearly $20 million. Two alleged scammers were detained and a third remains at-large.

FTX’s $900M payout drops Friday, triggering 6-month countdown for creditors to onboard or forfeit funds entirely

FTX will begin an approximately $900 million fifth distribution under its Chapter 11 plan on Friday, July 31, paying holders of allowed Convenience and Non-Convenience claims who met the June 16 record-date and applicable pre-distribution requirements. Eligible creditors should receive funds from Bi...

Global banks test tokenized money for cross-border payments in $1 million BIS pilot

Twenty-eight banks, including JPMorgan, Citi and UBS, moved real money across borders in a live test of blockchain-based settlement.

BitMEX wipes out 35 derivatives as exchange shutdown approaches with punishing post-closure fees

BitMEX settled 35 derivatives today, July 30, closing any remaining positions and canceling open orders as the exchange moved another step toward its September shutdown. BitMEX’s settlement log shows 33 contracts closing almost on the stroke of noon, at 12:00:05 UTC. EURUSD and USDCHF followed at 12...

Morgan Stanley Ethereum and Solana ETFs outperform rivals as second-day inflows reach $33 million

Morgan Stanley’s new Ethereum and Solana exchange-traded funds drew $33 million on their second trading day, outperforming larger rivals and giving the Wall Street firm an early foothold in two increasingly competitive markets. The Morgan Stanley Ethereum Trust, trading under the ticker MSSE, attrac...

Bitcoin's quantum plan assumes some algorithms break. AI just weakened one in 60 hours

The HAWK system isn't deployed anywhere, and Bitcoin doesn't use it. But is sitting in the same quantum race that Bitcoin developers are scrambling to finish.

South Korea report proposes stablecoin rules before crypto law

Policy report recommends interim licensing guidance, greater flexibility for stablecoin issuers and rules ahead of the Digital Asset Basic Act.

Bitcoin and ether markets are ruled by perps. SpaceX showed how far their influence can go

Perpetual futures drive much of the price discovery for bitcoin and ether. When traders pointed the same machinery at a private company, they priced the biggest IPO in history more accurately than Wall Street, and then watched the stock walk away from them.

Fake Flare Network Staking Site Drained $8.5M in XRP: Seoul Police

The ring copied Flare Network and its FXRP token, and planted Wikipedia entries, blog posts and YouTube videos to look legitimate.

Crypto's resilience tested as oil rises after Iran strikes, Fed signals rates could still rise

Bitcoin held near $64,000 despite the Fed's hawkish split, Iranian ballistic missiles and an 8% surge in oil overnight that sent the Dow down 2.2% and the Nasdaq to a three-month low.

Hedge fund with $1.1B in Bitcoin miner stocks seeks capital after AI sell-off: FT

The FT said Situational Awareness had approached investors and lenders after borrowing amplified losses during July’s AI stock sell-off.

Telegram faces terror-related legal action in Australia one day after founder is charged by Russia

The platform faces a fine of up to $38 million for allegedly failing to remove terror-related content.

BitRiver founder charged in Russia over alleged $8M fraud

Russian authorities charged BitRiver founder Igor Runets with alleged fraud tied to a $8 million crypto mining equipment deal involving Russian billionaire Oleg Deripaska.

South Korean crypto trading surges amid stock market plunge

South Korean crypto exchanges saw a fresh spike in trading activity as the country’s stock market had several days of significant downside.

How a $1.9 billion ‘Bitcoin reserve’ ended up in the top corporate rankings without buying a single coin

As of July 30, BitcoinTreasuries ranked Bitcoin Standard Treasury Company fifth among public companies, displaying 30,021 BTC worth about $1.9 billion. Its live profile labels the amount “BTC Holdings” and “Bitcoin Reserve,” although the transaction documents describe the coins as contributions inte...

Ondo Finance weighs acquisition worth up to $500 million

The tokenized-assets firm is considering an acquisition valued at $250 million to $500 million as consolidation accelerates across crypto infrastructure.

Aviva Investors launches tokenized fund after Central Bank of Ireland approval

The new XRPL-based share class gives eligible investors blockchain-based access to a regulated US dollar liquidity fund while keeping traditional custody arrangements.

Treasury Secretary Invokes Bitcoin Creator Satoshi Nakamoto in Plea for Clarity Act

Scott Bessent urged the Senate to immediately vote on the crypto market structure bill, accusing Democrats of delaying the legislation for political reasons.

Coinbase Q2 profit misses estimates despite record crypto market share

The crypto exchange blamed softer spot trading and low volatility for the earnings miss while highlighting growth in derivatives, stablecoins and tokenized finance.

US Senators sent revised ethics rules to White House for CLARITY Act: Report

The window to pass a comprehensive crypto market structure bill before the Senate breaks for a month-long recess is closing, with ethics a dividing issue for many lawmakers.

Ethereum Foundation adds SEAL 911 co-founder to board as privacy focus grows

Pascal Caversaccio joins the Ethereum Foundation’s four-member board as the organization elevates privacy and security in its protocol strategy.

Japanese game developer launches Bitcoin, altcoin fund with SBI

The Bitcoin and altcoin fund builds on Gumi’s growing crypto business centered around XRP, with the company nearly doubling its crypto holdings over the past year.

Russia detains crypto mining firm BitRiver founder on fraud charges: report

Runets and his company were reportedly involved in a deal with local conglomerate En+ that resulted in $12.5 million in damages.

Crypto exchange Luno cuts 20% of staff amid automation push and retail trading slumps

The DCG-owned company previously cut 35% of staff in January 2023 citing tough market conditions.

Hyperliquid’s token is tanking as ETF investors flee, so why does Grayscale think it is massively undervalued?

Investors are withdrawing money from Hyperliquid-linked exchange-traded funds for the first time since the products launched. Data from SoSoValue shows that the three funds have recorded more than $13 million in net outflows in July, putting them on course for their first negative month after attrac...

BNB treasury company dumps its crypto manager after Nasdaq suspends its stock, leaving no one in charge of its treasury

BNB Plus, formerly known as Applied DNA Sciences, now pairs a BNB treasury strategy with its LineaRx biotechnology business. The company agreed to pay $1 million in cash and issue 200,000 preferred shares to end its relationships with Cypress, which had held discretionary authority over company-desi...

IREN, Core Scientific and more surge as Aschenbrenner fund reportedly liquidates $1 billion AI infrastructure portfolio

Owning shares in these companies fit into Aschenbrenner’s belief power and data-center capacity will be critical to scaling AI.

Bitcoin struggles to turn US GDP miss into bullish catalyst as strong spending backs Fed caution

Bitcoin briefly topped $65,000 on Thursday after US economic growth fell short of forecasts. Data from CryptoSlate show the largest cryptocurrency trading near $64,729 as of press time after reaching an intraday high of $65,071 and recovering from a low of $63,205. The advance followed data showing ...

US arbitration giant launches specialist panel for crypto disputes

The American Arbitration Association’s Web3 Panel brings together specialists in blockchain, smart contracts, digital assets and autonomous transactions.

Luno cuts 20% of staff as crypto layoffs spread across 12 firms in July

Luno and Gnosis joined a widening round of crypto restructurings in July, when at least 12 companies reported job cuts.

Bitcoin analysts agree the Fed's hold was hawkish. They don't agree on what happens next.

Four analysts agree the Fed's hawkish hold changes the calculus for risk assets, but they split on whether bitcoin's real test is already here or still six weeks away.

Cathie Wood’s Ark Invest sells Bitmine, Bullish, Block shares as crypto stocks dip

Meanwhile, the investment firm purchased 128,932 shares of Elon Musk's SpaceX, worth roughly $14.5 million.

Australia sues Telegram over alleged failures to remove terror content

Telegram faces Australian court proceedings after eSafety alleged the platform failed to detect and remove extremist material shared by users.

BitRiver founder charged in Russia with $12.5 million fraud

Igor Runets has been transferred to a pre-trial detention facility from house arrest as he faces accusations of failing to deliver on a contract.

Forget ETF flows, Bitcoin’s real threat is a hidden $39,900 liquidation wall

US spot Bitcoin ETFs took in roughly $999 million over seven straight days of inflows from July 14 to July 22, according to data from Farside Investors. Four straight outflow days followed, pulling about $526 million back out through July 28. Across the broader window from May 29 to July 28, daily t...

Hyperscale Data sells 100 bitcoin to fund Michigan AI data center build

Hyperscale Data sold 100 bitcoin and opened a credit facility to fund its Michigan AI data center campus build.

JPMorgan says fading Clarity Act odds weigh on crypto outlook

The bank said deteriorating prospects for U.S. market structure legislation remove a key catalyst for digital assets, even as tokenization and institutional adoption advance.

‘Paid to wait’: Bitcoin presses toward $65,000 as Treasuries out-yield the carry trade for only second time on record

Bitcoin firmed toward $65,000 on Thursday as softer economic data eased September Fed hike fears, with spot volume near multi-year lows.

Hyperscale Data sells 100 BTC to fund Michigan AI data center

The Bitcoin miner is using part of its treasury and a BTC-backed credit facility to fund an AI campus tied to a potential multi-billion-dollar infrastructure contract.

JPMorgan says crypto bill’s fading odds hurt outlook, warns parts could discourage institutional adoption

The falling odds of the Clarity Act passing the Senate before year-end are a setback for crypto markets, JPMorgan analysts said.

Quantum Solutions loses top Japan ETH treasury spot after another $1.9 million sale

The two sales have reduced Quantum’s ETH treasury holdings by 28.6% since mid-June and the firm has ceded the top Japanese ETH treasury spot.

Senator Schumer proposes agency to address corruption, including Trump’s crypto ventures

The proposed legislation referenced Donald Trump’s disclosure of billions of dollars in crypto earnings in 2025, as well as his family’s business ties to foreign governments.

Coinbase sinks 5% after missing second quarter revenue estimates

The company reported $1.22 billion in overall revenue, down from $1.5 billion in the year prior.

Why 37 million Celsius bankruptcy shares are blocked from an immediate cash-out despite Nasdaq debut

On July 28, Ionic Digital, which acquired Celsius Mining assets after Celsius Network’s bankruptcy, began trading on Nasdaq under the ticker IOND. The direct listing created a public market for existing Class A shares, including shares issued in connection with the Celsius bankruptcy plan, but it di...

Samsung unit explores stablecoin infrastructure with Upbit’s operator

Samsung SDS is discussing stablecoin infrastructure and AI-based payment models with Dunamu, the operator of South Korean crypto exchange Upbit.

The economics behind Aave proposal to ditch 6 chains that earn loose change in revenue

A governance proposal would shut deployments on Sonic, Scroll, zkSync, Metis, Soneium and Aptos, and retire 50 asset markets elsewhere. Deposits on some have fallen more than 90%.

Cathie Wood's Ark Invest Sells Bitmine While Adding to Coinbase and Circle Holdings

Ark Invest sold shares of Bitmine, Robinhood, Bullish, and Block during Wednesday's pullback in crypto equities, while continuing to add to Coinbase and Circle.

IRS warns crypto holders fraudster sending fake letters in attempt to steal digital assets or data: Bloomberg

IRS correspondence regarding crypto has become more familiar than in years past as the agency requires taxpayers to disclose activity.

Strategy books $8.2 billion Q2 loss on bitcoin price decline

The world's largest corporate bitcoin holder says it has built a cash reserve covering more than two years of dividend payments after investors questioned its growing stack of preferred securities.

Coinbase shares slip after Q2 results despite prediction markets doubling and record trading market share

Coinbase said 88% of its net revenue now comes from sources other than bitcoin spot trading, as its share of global crypto volume grows.

Coinbase Misses on Q2 Earnings as Crypto Trading Activity Slows

The exchange reported lower quarterly revenue and a net loss as crypto trading activity declined, while subscription, stablecoin, and lending businesses continued to grow.

Live updates: Bitcoin holds near $64,000 as Microsoft's AI payoff lifts stocks

S&P 500 futures gained 0.2% and Nasdaq 100 contracts rose 0.4% after the index had slipped into a correction, with Microsoft up 8% in premarket after its cloud unit grew at the fastest pace in four years while it held the line on spending.

Morning Minute: Robinhood Posts Its Best Quarter Ever

Plus markets are rebounding after a slightly hawkish FOMC, BTC ETFs flip to inflows and MoonPay launches a new AI product + airdrop

Australia’s eSafety regulator sues Telegram over alleged failure to remove pro-terror content, seeks A$54.6 million penalty

Australia's eSafety regulator sued Telegram in Federal Court over alleged failures to remove pro-terror content.

Fortitude targets 145% Zcash mining capacity increase with $31.5 million Bitmain order

The new Zcash miners are scheduled to ship in Q4and will be deployed across Fortitude's more than 60 MW of power capacity.

Bitcoin stable as Fed fave PCE inflation sees first monthly drop in six years

Bitcoin and US stocks enjoyed a relief bounce as the South Korea semiconductor rout eased and US PCE inflation data conforms to year-on-year expectations.

Strategy posts $8.2B Q2 loss as Bitcoin slump drives unrealized losses

The Bitcoin treasury company said it has built a $3.75 billion cash reserve to support preferred stock payouts following the launch of its BTC monetization program.

Strategy posts $8.2 billion loss as bitcoin holdings increase 11% during Q2

The price of bitcoin was more than 40% lower at the end of this year's second quarter when compared to Q2 2025.

Chinese newspaper warns of Bitcoin extortion scam using its name

China Business Journal says fraudsters impersonated the publication, demanding Bitcoin to suppress purported investigative reports about targeted companies.

Ether, XRP flat as chip stocks steady on Samsung's 250-fold profit surge

Crypto's majors barely moved as Asia's semiconductor selloff eased. Most are still lower over the week, with HYPE down 8%.

Crypto Exchange Luno Cuts Global Staff By a Fifth, Citing Automation

CEO James Lanigan cited automation reshaping the business, as the exchange shifts from retail trading toward institutional infrastructure.

'Completely Legal': GrapheneOS Pushes Back as Duress Password Case Proceeds

Activist Samuel Tunick said his prosecution is meant to set a precedent against privacy and "intimidate people."

Tokenized gold passes DeFi stress test, but less than 2% is used as collateral

A RedStone report found tokenized bullion held up during gold’s sharp sell-off, but DeFi lending adoption remains limited despite surging market growth and trading volumes.

Your 'Sexual Wellness' Pills Order Info From Hims Got Shared With Meta, Says FTC

Regulators accuse the telehealth company of sharing sensitive health information with advertising platforms including Meta and Snap despite promising users privacy.

Bipartisan Sens. Tillis and Gallego send new ethics compromise to White House in Clarity Act push

Senators are trying again to see if they can get President Donald Trump to sign off on revised ethics language.

Telegram’s Pavel Durov responds to Russia’s terrorism designation

The Telegram founder said Russia designated him a terrorist after he refused government demands for mass surveillance and censorship on the messaging platform.

SoFi reported 388,336 crypto products, but Q2 net transaction revenue only reached $1.2 million

SoFi Technologies, the digital financial services company, reported 388,336 cumulative Crypto products as of June 30. Meanwhile, the company's Q2 filing reported just $1.183 million of net crypto transaction revenue. The filed earnings release lists $134 million of crypto transaction revenue and $13...

Bitcoin ETFs on track for the smallest monthly inflows ever

Your day-ahead look for July 30, 2026

Australia Sues Telegram for $38M Over ‘Pro-Terror’ Videos

The eSafety Commissioner accused the social media platform of failing to detect material relating to the Christchurch and Buffalo attacks.

Canadian crypto ownership increases to 25%: Ontario survey

A survey of more than 2,000 Canadians in late 2025 and early 2026 showed an increasing awareness of risk around the crypto industry and higher ownership of assets.

Researchers Tried Letting AI Do Science. It Failed

A multi-institution study found that today's frontier AI agents could handle the mechanics of research but failed to produce original work worthy of acceptance at a top AI conference.

World Cup generated $20B in blockchain prediction market volume: Chainalysis

The blockchain analytics firm said the World Cup attracted global participation in prediction markets and digital collectibles, with more than 400,000 wallets placing blockchain-based bets.

Crypto for Advisors: Is the Clarity Act dead?

Everything is becoming a perp

The perpetual — the 24/7, leveraged contract that crypto invented and then perfected — is no longer just a way to trade crypto, says Katana Network’s Matthew Fisher. It’s becoming the way to trade everything.

Elon Musk's xAI Sues Minnesota to Kill the US's First AI Nudification Law

The company argues the law's definition of "nudification" is so broad it would make shirtless men and swimwear photos illegal—and wants a federal court to stop it before Saturday.