Crypto News Daily

Prediction markets should dial back faulty filings for incentives to boost trading: CFTC

The U.S. regulator of platforms such as Kalshi and Polymarket suggests the industry is getting into bad compliance habits that may allow for market abuse.

Arizona crypto ATM law helps 35 scam victims recover $171K

Qualifying new customers can receive full reimbursement, including fees, if they notify both the operator and law enforcement within 30 days.

BlackRock’s Bitcoin income ETF offset less than 30% of its $1.2M crypto losses with options

BlackRock’s iShares Bitcoin Premium Income ETF (BITA) recorded $79,073 of realized gains and $265,776 of unrealized appreciation on written options in its first operating period, helping offset losses on its Bitcoin holdings and shares of the iShares Bitcoin Trust ETF (IBIT). BITA posted an $860,335...

Smart contract blockchain Solana nearly froze Wednesday, Marinade Finance says

XRP bridge drained for $200,000 after software mistook fake deposits for real ones

An attacker created unbacked XRP on another blockchain, then exchanged it for real XRP held in reserve. The bridge has been halted and its operator has filed a complaint with the FBI.

Harmony confirms exploit involving unauthorized minting of 4 billion ONE tokens

X user Juiceberg reported earlier that an attacker had minted four billion ONE tokens without authorization.

Harmony's ONE Sinks 37% After Attacker Mints 4 Billion Tokens

The team is weighing a rollback, which would undo the attack along with every legitimate transaction made since.

Goldman Sachs to acquire ETF manager NEOS in $2.25B deal

The deal would add NEOS’ $30 billion ETF business, including Bitcoin- and Ether-linked income funds, to Goldman Sachs Asset Management.

Russia picks Bitcoin, Ethereum and USDT for public trading as retail faces $58,000 cap

The Bank of Russia has proposed opening public organized crypto trading with only Bitcoin, Ethereum, and Tether’s USDT eligible for admission. Under the draft directive, a Russian resident who is not a qualified investor could spend up to ₽300,000, nearly $58,000, on cryptocurrency through a single ...

Harmony weighs a full blockchain rollback after unauthorized minting floods exchanges with billions in ONE

Harmony, the layer-1 blockchain network, has released an emergency validator patch that it says prevents further unauthorized minting of ONE, its native token. The project said it will address tokens already created in a later update, leaving their number and ultimate treatment unresolved. Harmony t...

SEC, CFTC sue Goliath Ventures over $400M crypto Ponzi scheme

Regulators allege Goliath promised crypto liquidity-pool returns but instead paid earlier investors and funded its founder’s luxury spending.

CFTC invokes emergency powers to keep Kalshi operating in New York fight

The order escalates a jurisdictional fight over whether states may treat federally regulated event contracts as illegal gambling.

Harmony’s ONE dives 26% after an attack appears to mint tokens equal to quarter of supply

Harmony said in Asian morning hours it is working with exchanges to freeze funds and preparing a software fix.

Harmony considers rollback after suspected exploit inflates ONE supply

Harmony is working with exchanges to freeze funds and is preparing a patch after claims that 2.8 billion unauthorized ONE hit trading platforms.

CFTC Invokes Emergency Powers to Keep Kalshi Trading Despite New York Suit

Kalshi triggered the order, notifying the agency of a market emergency after New York moved to bar its contracts nationwide.

SEC and CFTC plans to write crypto rules without Congress – but they can’t make them permanent

CFTC Chair Michael Selig said on Aug. 4 that the agency has crypto rule proposals ready and plans to finalize them before the current administration ends, regardless of whether Congress passes the CLARITY Act. SEC Commissioner Hester Peirce has separately said the SEC can keep pursuing meaningful cr...

Wintermute to pour $1B into AI, high-frequency trading amid TradFi expansion: Report

Wintermute will reportedly invest $1 billion in AI infrastructure and high-frequency trading as part of its expansion into traditional finance.

A $36 billion lawsuit just turned Kalshi’s $40 billion valuation race into a federal market emergency

The Commodity Futures Trading Commission (CFTC) has ordered Kalshi to keep operating after the prediction-market exchange declared a market emergency tied to New York’s enforcement campaign. The move marks the strongest federal intervention yet in the widening fight over whether states can apply gam...

SEC clears Franklin Templeton funds to use onchain BENJI system for cash management

Franklin Templeton received a no-action letter from the SEC enabling its traditional registered funds to invest in its BENJI/FOBXX fund.

Standard Chartered-led Anchorpoint launches Hong Kong dollar stablecoin

HashKey Exchange and OSL Group are now authorized distributors, enabling institutional and professional investors to mint and redeem HKDAP tokens.

A Routing Bug Took Solana 86% of the Way to Losing Finality

A malformed default route at a single hosting provider took almost 29% of staked SOL offline, against a 33% threshold.

Goldman Sachs leaps into bitcoin income ETFs with $2.25 billion NEOS buyout

The $2.25 billion deal expands Goldman’s derivative platform to $130 billion in total ETF assets, taking direct aim at BlackRock's rival BITA fund, according to an analyst.

Goldman Sachs' $2.25B NEOS Deal Hands It Ready-Made Bitcoin Income ETF Business

The cash-and-equity deal for the options-income specialist folds in NEOS's roughly $1 billion Bitcoin covered-call fund, giving Goldman instant scale in a crypto ETF niche it had only just entered on paper.

Ethereum staking climbs to 34% as proposal targets validator rewards and ETH treasury firm yields

Researchers recently filed EIP-8361, a "tapered issuance burn" that destroys a growing share of validator rewards as the staking ratio rises.

Ravencoin hits record low as network exploit puts transactions at risk

Mining pools controlling most of Ravencoin’s hash rate are building a competing chain that could trigger a three-day reorganization.

Australian regulator takes down Yepbit websites as investors report blocked withdrawals

Australia's ASIC took down Yepbit websites and denied the platform's false claims that the regulator had frozen investor funds.

Twenty One’s $2.8 billion Bitcoin pile is worth far more than its stock, but there’s a catch

Twenty One Capital says investors value its shares below its Bitcoin holdings even as 37% of the treasury remains pledged against debt. On Aug. 11, the company's CEO Raphael Zagury told shareholders that XXI was trading at a “material discount” to the Bitcoin it holds, describing the gap as a potent...

Bank of England to test stablecoin, digital currency use in cross-border finance

The BOE-led Digital Pound Lab will test trade-finance interoperability, in which exporters receive stablecoins while importers settle in a potential digital pound.

Russia moves to restrict retail crypto trading to bitcoin, ether and USDT

Non-qualified investors face a 300,000-ruble (approx. $3,600) annual purchase limit per intermediary, while qualified investors have no cap.

Fidelity files with SEC to add staking to Ethereum ETF

Fidelity plans to add staking to its Ether fund, with 85% of rewards retained by FETH and quarterly cash distributions planned for investors.

Slovenia joins EU’s MiCA stablecoin register with first issuer

Slovenia entered the EU’s MiCA stablecoin register through electronic money institution Dinaro, as the update also added two new CASPs.

XRP Bridge Drained After Software Treats Fake Deposits as Real

A flaw that went undetected during multiple audits allowed an attacker to create unbacked balances and withdraw XRP from the bridge’s reserves.

Goldman Sachs to gain bitcoin and ETH income ETFs in up to $2.25 billion Neos acquisition

Neos Investments offers the Bitcoin High Income ETF, Boosted Bitcoin High Income ETF and Ethereum High Income ETF.

'Inner Thoughts' of Every Major AI Model Exposed in Massive Exploit

Researchers found every major AI provider encrypts reasoning tokens with a single global key—and exploited it to decode 315,320 hidden thinking blocks from public logs, recovering passwords and live API keys along the way.

Hawaii crypto ATM ban to take effect on Oct. 1

Hawaii will join Minnesota, Tennessee and Indiana in becoming the fourth US state to completely ban the use of cryptocurrency ATMs and kiosks in response to scams.

Crypto.com rolls out tokenized stock derivatives as crypto exchanges push into equities

The exchange is joining a tokenized stock market that has grown 600% in a year, though its products offer price exposure rather than share ownership.

Live updates: Bitcoin at $63,600 as Japan's Metaplanet moves 3,881 BTC between wallets

Blockchain data shows the Japanese treasury firm moved the bitcoin between wallets it controls, not to an exchange, so the transfer isn't a sale despite its $1.4 billion paper loss.

Fidelity moves to add staking, quarterly payouts to near $900 million ether ETF

The fund would keep 85% of gross staking rewards, with the remaining 15% going to service providers.

Bitcoin miners earn under 0.7% of revenue from fees in new 10-year low

Bitcoin miners showed a “concerning” trend of pivoting to AI amid a profit squeeze as transaction-fee income barely bounced from 10-year lows of 0.52% of revenue.

Standard Chartered-backed Anchorpoint begins HKDAP stablecoin rollout

Standard Chartered-backed Anchorpoint began an institutional rollout of its Hong Kong dollar stablecoin, HKDAP, following licensing approval.

XRP loses $1 for the first time since Trump’s 2024 election as bearish bets surge and 200,000 XRP stolen

XRP slipped below $1 as leverage rebuilt and selling pressure deepened across the market. Data from CryptoSlate showed that the digital asset fell as low as $0.99 during the session, its weakest level since November 2024, when Donald Trump won the US presidential election. The move unwinds one of th...

As retail crypto trades collapse 73%, eToro drops $231 million to capture active US stock traders

eToro’s users executed 1.4 million crypto trades in July, down 73% from a year earlier. The average amount invested per trade halved to $182. In the same Aug. 11 update, the trading platform agreed to pay consideration of up to $231 million for TradeZero. TradeZero is a US-focused brokerage serving ...

After selling 832 BTC to clear debt, this Nasdaq-listed crypto firm is using a 1-for-50 reverse split to mask its shrinking treasury

Bitcoin financial services firm Fold could address its Nasdaq share-price problem through a potential reverse split, but the company’s shrinking Bitcoin reserve raises a separate question about how it will fund operations. The company’s Aug. 11 quarterly filing reported that, as of June 30, Fold hel...

Bank of England tests stablecoin, digital pound interoperability in cross-border payments

The Digital Pound Lab is testing a cross-border trade finance flow combining stablecoin payments with simulated digital pound settlement.

Fidelity Files to Let Its Ethereum ETF Stake and Pay Investors

The Boston asset manager's FETH would stake up to 100% of its ETH and distribute the rewards to holders as quarterly cash, pending SEC approval.

After Coldcard Was Hacked, $15 Billion in Bitcoin Moved to Safety

Casa CEO Nick Neuman says the mass Bitcoin migration after the $130M Coldcard exploit proves distributed self-custody is Bitcoin's immune system—not its vulnerability.

21Shares XRP ETF loses 54% of assets as redemptions lock in $13.4 million loss

The 21Shares XRP ETF lost more than half its assets during the first six months of 2026 as falling XRP prices collided with heavy redemptions that crystallized $13.36 million in losses. TOXR ended June with $112.9 million in net assets, down 54.4% from $247.7 million at the end of December, its Aug....

Bitcoin miner HIVE’s $79M quarter runs into an $80M Swedish tax problem

Bitcoin miner HIVE Digital Technologies missed the Aug. 10 deadline for its quarter-ended-June 30 Form 10-Q even as preliminary revenue climbed to approximately $79 million. In an Aug. 11 late-filing notice, the firm said the delay relates exclusively to the accounting and disclosures for contested ...

Cypherpunk secures a $46M Zcash gain and turns a $4.7M operating loss into $39.4M profit

Zcash treasury firm and Leap Therapeutics owner, Cypherpunk Technologies, reported $39.4 million in second-quarter net income, reversing a $16.6 million loss a year earlier. Cypherpunk recorded a $4.7 million operating loss, while a $46 million unrealized gain on its ZEC treasury drove the change in...

Ravencoin hits record low as network exploit puts transactions at risk

Mining pools controlling most of Ravencoin’s hash rate are building a competing chain that could trigger a three-day reorganization.

One overlooked group has added $1.78 billion of selling pressure to bitcoin market

Public miners are an underappreciated source of supply hitting the market right at the margin.

Bitcoin holds near $64,000 as U.S. inflation data looms, Harmony exploit rattles altcoins

Markets are quiet ahead of the July inflation print, with bitcoin little changed, oil near $90 and Harmony nursing a fresh exploit.

Bitcoin eyes $63K as US CPI relief sends September Fed rate pause odds to 60%

Bitcoin price action did not reflect relief in US CPI inflation numbers matching expectations amid a warning over $63,000 failing as support.

Dogecoin and BNB lead majors higher as bitcoin slips near $63,700

DOGE gained almost 3% to 7 cents and BNB 2% to $614, while bitcoin was the only major in the red on both the day and the week.

TON Strategy earned $15 million staking Gram while operations burned $10.6 million in cash

TON Strategy reported a 17% annualized gross staking yield for the second quarter, but its new filing also revealed a mismatch between token-denominated income and operating cash flows. The company recognized over $15 million of staking revenue after receiving 9,438,177 Gram, the TON blockchain’s na...

CoreWeave surges 16% on $2.58 billion revenue quarter as AI infrastructure demand eclipses crypto

Booming AI demand sends CRWV up 16% and lifts IREN and CIFR as investors favor computing infrastructure over crypto.

Binance, RedotPay clash over fate of Singapore lawsuit

Amid a $473 million legal dispute, RedotPay says it expects Binance to end its Singapore case, while Binance says its claims remain active.

Even if Bitcoin rises 30% a year this renewable mining model still loses money as hashrate keeps pace

Bitcoin trades near $63,600, below the lowest Bitcoin price researchers tested against a modeled wind-powered mining operation in a new Energy Economics study. At that price level, their model shows no payback within six years under any curtailment scenario they ran. The study, by researchers at the...

Bitwise Cuts 14% of Staff as Crypto Slump Reaches ETF Issuers

The reduction matches the percentage shed by Coinbase in May, and follows shutdowns at BitMEX and BitMart.

El Salvador’s Bitcoin experiment turns 5: ‘It was for us, not them’

Five years after El Salvador made Bitcoin legal tender, the experiment has fallen short of its original promises for locals, but it’s been great for Bitcoin’s global profile.

Bitcoin dips under $64,000 as in-line CPI buys the Fed time, not conviction: analysts

Bitcoin fell under $64,000 after July CPI matched forecasts at 3.4%, with analysts saying the in-line print keeps the Fed patient.

Why Bitcoin Barely Moved Even as US Inflation Cools to 3.4%

The tamest U.S. inflation print in months left crypto markets flat, with Bitcoin shrugging off the data hit. Here's why.

HashKey begins beta distribution of Hong Kong-regulated HKDAP stablecoin

HashKey has become an authorized distributor for Anchorpoint’s HKDAP, expanding institutional access as Hong Kong’s regulated stablecoin market takes shape.

Zoomsday: AI Used to Build Critical Zoom Exploit in One Day

The flaws could let someone in a meeting take control of another participant’s device without the victim clicking anything.

Kraken adds S&P 500 to funded trading program, commodities to follow

Kraken’s funded trading program adds round-the-clock exposure to the US equity benchmark as it builds out its multi-asset offering.

Hyperliquid treasury Hyperion triples quarterly profits as HYPE holdings rise in value

The company's HYPE holdings increased to $133 million during the second quarter, up from $71 million at the end of Q1.

Bitcoin market in ‘hibernation’ as perp trading activity sinks to three-year low ahead of US CPI release: K33

Elevated open interest leaves the market exposed to sharper liquidation-driven moves, K33 said, as traders await Wednesday's U.S. CPI report.

Morning Minute: The CFTC Bails Out Kalshi in NY

The CFTC keeps going to bat for Kalshi while the ultimate prediction market court battle looms, with the fate of the sector in the balance.

BIP-110 failure shows Bitcoin would be ‘almost impossible to reproduce,’ Plan B Network director says

Plan B Network director Giacomo Zucco says BIP-110’s failure exposed the challenges of recreating Bitcoin’s early development.

Inside the fake crypto startup that fooled North Korean IT workers

Suspected North Koreans IT workers joined a fake crypto startup — without realizing their every move was being tracked to extract valuable intel.

U.S. CPI inflation slows to 3.4% as expected, bitcoin holds near $64,000

Both headline and core inflation matched economists’ expectations, while bitcoin held near $64,000 and Treasury yields declined.

Kalshi first prediction market to stream full order books via DoubleZero

The move gives institutional traders direct access to Level 1 and Level 2 data without having to reconstruct the book from APIs.

Miden bets on privacy stablecoins with introduction of USDCx

USDCx will let users transact without publicly exposing balances, counterparties or transaction histories, while allowing selective disclosure for compliance.

New York City Council opens probe into prediction market platforms

The NYC Council has opened a probe into prediction market platforms over alleged "false, deceptive, or abusive marketing tactics."

Solana platform taps prediction market Kalshi for Wall Street-style high-speed data feed

Solana-based DoubleZero looks to meet institutional demands by adding prediction market Kalshi’s order book to its low-latency market data feed.

SpaceXAI Wants Grok Bot to Do Your Job—But It Needs Access to Your Accounts

The AI agent can navigate workplace software and coordinate with other bots, raising questions about security and control.

Morgan Stanley's infrastructure partner Zerohash rebuffed in pitch to be U.S. trust bank

Zerohash, which handles crypto plumbing for Morgan Stanley's E*Trade, said it's planning on re-filing and hoping for a swift resolution.

Wintermute plans $1 billion AI push beyond crypto: Bloomberg

The firm aims for non-crypto markets to drive over 50% of revenue by 2027, up from 10% currently, as it seeks to diversify its business.

Bitwise cuts 14% of staff as crypto layoffs mount during market downturn

Bitwise CEO Hunter Horsley told The Block that the crypto asset manager trimmed its global team to around 155 last week.

Crypto companies urge AI firms to give Bitcoin developers early access

The Bitcoin Policy Institute and other industry participants urged AI companies to offer early access to their frontier models to aid Bitcoin and open-source developers in their cybersecurity efforts.

Kalshi Adds Real-Time Market Data Feed Through DoubleZero

The service gives trading firms access to Kalshi’s sports and crypto order books over DoubleZero’s fiber network.

Kalshi launches sports and crypto perps data feed on DoubleZero

Kalshi launched access to its sports and crypto perpetual data feed through DoubleZero’s dedicated fiber network to bolster institutional data access.

SKALE launches Agent Pit to let builders train AI agents before taking them live on Polymarket

SKALE Labs launched Agent Pit, a Polymarket-inspired, paper-trading prediction market sandbox on its zero-gas blockchain.

Tron Inc. put over 90% of assets behind an uninsured JustLend dependency as its TRX treasury kept growing

Nasdaq-listed Tron Inc. continues expanding its TRX treasury reserve as it routes nearly all of its holdings through JustLend, the largest DeFi platform on the TRON blockchain. On Aug. 12, the company said it acquired another 148,944 TRX at an average price of $0.3357, pushing reported holdings abov...

FlightAware drops Kalshi lawsuit one day after filing

Following the initial lawsuit, at least one of Kalshi’s event contracts was changed to list “Primary Source Agency” as the entity behind verifying flight cancellation data.

Bitwise cuts 14% of staff while still expecting growth

Crypto companies from including Coinbase, BitGo, Robinhood, Polygon and Pump.fun have announced workforce reductions this year, citing a variety of reasons, including shifting to AI and market forces.

NYC council announces probe into ‘predatory marketing practices’ on prediction markets

Council Speaker Julie Menin sent letters to four companies offering prediction market services to New Yorkers as part of an investigation into their marketing practices.

The AI-Generated Pattern Hides You From Surveillance Cameras—Including Flock

A Kansas City security researcher ran 31 million tests to teach a model how to paint camouflage for the algorithm age.

Securitize falls 20% after earnings miss as tokenization revenue falls short

Tokenized assets hit a record and trading activity jumped, but revenue slipped in the firm’s first earnings report since going public.

Crypto-Backed Loans, Explained: How to Unlock Cash Without Selling Your Bitcoin

A fixed-rate crypto-backed loan lets you borrow against BTC, ETH, or SOL while keeping your coins. Here's how they work.

Here's what bitcoin and ether traders are doing ahead of the binary U.S. CPI print

Bitcoin and ether are stuck in a tight range ahead of the CPI. Here’s how savvy traders are positioning for the pivotal release.

FlightAware drops lawsuit against Kalshi one day after filing

The flight tracker previously claimed that Kalshi improperly used its data and trademark to run prediction markets on flight cancellations.

XRP trading could get spicy after CPI report as futures bets hit highest since October

Your day-ahead look for Aug. 12, 2026

America doesn’t need a second-class payments system

If an institution qualifies to participate in America’s banking system, it should have a clear path to America’s payment system, argues Anchorage Digital's Rachel Anderika.

Crypto Long & Short:

In this week's Crypto Long & Short, LMAX Group's Jenna Wright argues that markets break down not from too little capital but from capital stuck in the wrong place, trapped by settlement cycles while risk reprices by the minute. She makes the case that stablecoins and tokenization are quietly becomin...

Attackers keep hitting the wrong house in rural France after crypto millionaire moved: report

A French couple in the Somme who bought a former crypto millionaires’ house have been targeted in three separate home invasions.

Polymarket taps ex-Uber and Bird exec Travis VanderZanden to boost growth

Polymarket has hired the Bird, Uber and Lyft blitzscaling veteran Travis VanderZanden as chief growth officer.

Trump sued over Truth Social’s early-access feed as firm explores licensing data to prediction markets

A new lawsuit alleges Trump’s paid Truth Social feed unconstitutionally restricts access to official posts.

China’s DeepSeek Upgrades V4 Pro: Claude Fable Is Only 5% Better at 4,500% the Price

The April preview got benchmarked to death and landed 18 points behind Anthropic’s flagship. DeepSeek’s own numbers for the finished model tell a very different story.

FlightAware drops Kalshi lawsuit over a market niche that data shows it never took off

The flight-tracking company voluntarily dismissed, without prejudice and without sharing a motive for its decision. However, the flight cancellation market never took off with Kalshi users.