AI-powered summaries of the day's top crypto events
Non-custodial Bitcoin swap provider Boltz has indefinitely suspended its services due to attackers exploiting vulnerabilities faster than the team can address them. The decision comes after a wave of AI-assisted hacking attempts overwhelmed the platform's security measures.
The US Treasury's recent $77 billion reduction in bank reserves has raised concerns about Bitcoin's liquidity. This move, coupled with an increased borrowing estimate, could create a liquidity trap for Bitcoin, affecting its market dynamics.
In a joint meeting, US and UK regulators reaffirmed their commitment to supporting stablecoins and tokenization through the GENIUS Act and cross-border cooperation. This collaboration aims to create a unified framework for digital asset oversight.
Mastercard has completed its $1.8 billion acquisition of BVNK, a move aimed at expanding stablecoin payments and related financial services. This acquisition is part of Mastercard's broader strategy to integrate digital currencies into its offerings.
Hashdex has announced the closure of its $14.7 million Bitcoin ETF, giving investors until August 17 to sell their holdings. The decision follows difficulties in attracting assets and marks a significant shift in the company's strategy.