Crypto News Daily

SEC resurrecting U.S. crypto custody rule the previous administration failed to land

In 2023, the regulator tried to narrowly restrict the places investment advisers could park clients' crypto assets, but the new approach is still shrouded in secrecy.

Avalanche Treasury doubles down on its strategy to build shareholder value after a $44 million hit

Avalanche Treasury Corp approved a $10 million Class A share-repurchase program after reporting a $44.7 million second-quarter loss, with about $35.7 million attributed to losses linked to AVAX. Management described the program as one tool to create shareholder value while it sees a market disconnec...

SEC sends crypto custody rule changes to White House for review

A proposal from the SEC to change its rules governing how investment advisers hold digital assets was sent this week to the White House.

40 malicious Firefox add-ons targeted crypto wallets, and 9 began as sports-score tools

Software supply-chain security firm Socket found 40 Firefox add-on identities with confirmed malicious behavior, including draining crypto, including nine that had previously distributed sports-score tools under the same IDs. Anyone whose recovery phrase, private key, or wallet keyring reached one o...

US bank lobby wants stablecoin holders to open an account before cashing out

The American Bankers Association is pressing US regulators to require anyone who buys or redeems a payment stablecoin directly with its issuer to open an account and complete customer identification. For a holder coming from self-custody, that would turn a direct cash-out into an issuer-onboarding e...

A zero-balance bug let empty wallets seize control of 82 Provenance assets

Trail of Bits disclosed a Provenance Blockchain authorization flaw that it said exposed 82 live mainnet asset accounts to takeover. A successful abuse could let someone mint an affected token or withdraw assets held in escrow. Those special asset accounts, called markers, govern a token's supply, pe...

Profit Connect owner convicted over $24M AI crypto fraud scheme

A federal jury convicted Profit Connect owner Brent C. Kovar on 15 fraud and money-laundering counts after prosecutors said he obtained $24 million from at least 400 investors through false claims about an AI-powered crypto business. The Justice Department said the verdict followed a nine-day trial,...

Why Bitcoin’s $80,000 rally just flipped from short squeeze to long squeeze

Bitcoin's brief pullback below $78,000 triggered more than $300 million in crypto liquidations as traders took profits after a sharp $80,000 rally driven by Treasury developments, ETF inflows, and a squeeze on bearish positions. Data from CryptoSlate shows that the largest cryptocurrency fell as low...

Three critical US reports arrive in 30 minutes as Bitcoin’s $2.5 billion ETF streak faces its first real test

At 8:30 a.m. ET on Aug. 26, Bitcoin’s seven-session spot ETF inflow streak faces a concentrated macro test as three U.S. reports land at the same minute. The U.S. Bureau of Economic Analysis is scheduled to publish July Personal Income and Outlays, including the PCE inflation indexes, alongside its ...

Old Lightning nodes may be exposed to a full-channel wipeout after LND fix lands later than disclosed

LND, a Lightning Network node implementation, has disclosed a channel-close flaw that can put an entire channel balance at risk in the reproduced maximum-loss scenario. Operators using standard releases below 0.21.0 should treat their nodes as lacking the official fix unless they were independently ...

SEC sends crypto custody rule overhaul to White House for review

The securities regulator’s crypto custody overhaul could clarify how investment advisers and funds hold digital assets for clients as the proposal moves through review.

Thailand is rewriting its stock exchange rules to trap billions in Bitcoin ETF wealth strictly inside its own borders

Thailand is proposing a crypto exchange-traded fund (ETF) framework that would give domestic fund managers, the Stock Exchange of Thailand and locally regulated custodians a structural advantage as the country opens the market to Bitcoin and Ethereum products. On Aug. 24, Thailand's Securities and E...

Ethereum developers propose first step to protect ETH staking from quantum attacks

A draft proposal would allow validators to deposit with quantum-resistant keys, then permanently stop accepting the format the network runs on today.

Shinhan and Visa team up to test stablecoin issuance and B2B settlements in South Korea

Shinhan Financial Group will use Visa’s platform to test stablecoin issuance, remittance, and redemption while building new AI-powered payment models.

US banking groups plan nationwide blockchain network for 2027

BankChain joins a growing field of bank-led networks building shared infrastructure for tokenized deposits and onchain payments.

Wall Street is making it easier for bitcoin whales to ditch self-custody: report

ETF issuers are lowering the barrier for bitcoin whales to trade self-custody for ETF shares.

A massive $6.4 billion bitcoin options expiry on Friday could amplify volatility

Friday’s expiry follows bitcoin’s surge from $62,000 to $80,000, leaving market makers with increased exposure to manage around several key strike prices.

Japan weighs blockchain fast lane for securities cash settlement

The FSA, Finance Ministry, BOJ and financial institutions plan to study the infrastructure and produce a development plan by early 2027.

‘Altitude sickness can wait’: Bitcoin’s historic short squeeze, Bessent catalyst may signal bull-market reset, analysts say

Bitwise CIO Matt Hougan said Treasury Secretary Scott Bessent's recent actions provide an additional macro catalyst.

Digital Euro Will Offer 'Maximum Level of Privacy,' ECB Board Member Says

Piero Cipollone said the Eurosystem would not be able to link individuals to transactions, though the banks handling them still could.

MSTR holders just funded a $1.59 billion cash pile that may never become Bitcoin

Strategy, the Bitcoin treasury company formerly known as MicroStrategy, raised $2.0065 billion by selling common shares from Aug. 17 through Aug. 23 and bought no Bitcoin. The transaction left its $1.59 billion USD Cash balance at the center of a wider capital-allocation contest. The company sold 18...

Ethereum Devs Propose Deposit Contract Overhaul to Quantum-Proof Staking

The proposal would let validator keys grow to 8,192 bytes and adds a switch that permanently retires today's BLS signatures.

Crypto CEO Faces US Extradition Over Alleged $20 Million Token Scheme

Manpreet Kohli, accused of making $20 million from an alleged scheme to manipulate the Saitama token, is a step closer to facing trial in Boston.

Better launches Bitcoin-backed mortgages powered by Coinbase

Better and Coinbase have launched a crypto-backed mortgage product that lets US homebuyers pledge Bitcoin as collateral for a down payment without having to sell it.

Kalshi raised $1.12 billion via private equity offering since April, latest SEC filing shows

It was reported earlier this month that Kalshi is looking to raise $750 million in fresh capital at a $40 billion valuation.

Japan to work on blockchain-based stock settlement system, details expected early 2027: Nikkei

If the plan is approved, the agencies could launch the system within a few years, and fully operational in the early 2030s.

Bitcoin ETFs tear through 2026 outflows in 7-day hot streak

The funds are $390 million short of October 2025’s inflow total after cutting their year-to-date net outflow deficit by more than half.

Live updates: Zcash pulls back 8% as its Grayscale ETF goes live, capping a 60% rally

The privacy coin's spot ETF began NYSE trading Tuesday, which was one of the catalysts behind its surge to an eight-year high. Now traders are selling the news, with leverage stacked into the move.

Bitcoin traders hedged $60k and loaded up above $78k leaving the low $70k exposed

Bitcoin's end-of-September options expiry holds 130,670 BTC of open interest, compared with 79,003 BTC for August, a headline gap large enough to look like traders are loading up before the Federal Reserve's Sept. 16 decision. DWF Labs market insights lead Martin Lee said in a note that most of that...

Chainalysis estimates $457B in taxable crypto activity, says CARF misses most

The blockchain analytics firm said just 14% of the onchain activity it identified is covered by the OECD’s international crypto tax-reporting framework.

Kalshi’s $1.5B equity offering is three-quarters sold at $1.12B

The Form D lists 71 investors and says Kalshi is relying on an exemption that allows certain private offerings without SEC registration.

Bitcoin takes a breather after adding 23% in 7 days as ETF demand holds steady

The price of bitcoin fell to $79,000 on Wednesday after gaining 23% in seven days as August ETF inflows climbed above $3 billion.

Dallas Fed warns tokenized deposits could strip $700 billion from U.S. banks' lending capacity

Programmable deposits and AI agents may enable instantaneous, automated bank switching for higher yields, driving up bank funding costs.

XRP rebounds 32% from $1 as ETF money pours in and whales reposition

XRP is on course for its strongest monthly gain in more than a year after recovering from below $1, even as a fresh pullback and heavy whale activity test the durability of the rally. CryptoSlate's data shows the token trading near $1.40 as of press time, down about 5% over the past 24 hours, after ...

SEC’s proposed crypto rules probably won’t spark new ICO boom

The SEC’s ‘regulation crypto assets’ proposals could create early-round FOMO. But some tokens may still fall into the no-man’s land between security and non-security.

Protocol upgrade decouples consensus from execution to solve scaling bottlenecks

CTDG Dev Hub participant’s protocol upgrade decouples consensus from execution, allowing network nodes to reach agreement on blocks before transaction execution completes.

Bitcoin dips below $78K as stocks, gold fall on higher US PCE Inflation data

Bitcoin stayed away from challenging $80,000 after July US PCE inflation data came in slightly higher than anticipated, pressuring gold and risk assets.

Bitcoin Wallets Dormant for Over a Decade Move $40M in One Week

Six wallets that slept through Bitcoin's entire boom woke up between Aug. 16 and Aug. 26, moving tens of millions in BTC.

Strategy’s MSTR quietly outperforms Bitcoin’s $80,000 rally as STRC closes in on $100

Bitcoin's sharp two-week recovery, which briefly pushed its value above $80,000, has brought Michael Saylor's Strategy BTC treasury back into profit and lifted its common stock faster than the cryptocurrency. BTC's price rebound accelerated after the US Treasury moved to expand buybacks of longer-da...

South Korea’s Shinhan to use Visa’s stablecoin platform for ‘future finance’ initiatives

The two will also test the application of stablecoins in card payments, AI-based future payment models, and B2B and B2C payment businesses.

Japan targets early 2030s launch for blockchain-based stock and bond settlement system

Japan's regulators are racing to modernize national settlement systems to prevent institutional investors and foreign capital from fleeing to overseas markets.

Bitcoin’s security risk starts when one block gets far more fees than the next

Bitcoin’s security-budget debate usually starts with one total: how much miners collect in transaction fees as the block subsidy shrinks. A July 2026 NBER working paper by Fabian Schär, Dario Thürkauf, and David Yermack points to a second variable. Using data from 2017 through 2025, the authors repo...

Bernstein sees bitcoin reaching $150,000 by mid-2027 amid ‘debasement trade,’ but cuts Strategy target to $350

Bernstein expects bitcoin to reach $150,000 by mid-2027 in its base case, before reaching a cycle peak of around $300,000 in 2029.

Euro stablecoins get a mainstream push as Revolut begins rolling out EURR in Europe

Revolut said the stablecoin’s rollout will start with a select group of customers within Denmark, Poland, and Portugal.

ECB claims digital euro will offer 'maximum level of privacy' amid surveillance fears

Central bank officials say the Eurosystem will be structurally unable to link users to purchases, but civil society groups remain skeptical.

Taurus links digital asset platforms to Swift’s blockchain ledger

Taurus expects first institutional clients to connect in days, with initial DLT transactions through its platforms expected within weeks.

XRP Leads Crypto Pullback as Leverage Unwind Tests Rally

XRP led losses among the 10 biggest cryptocurrencies today. The charts show the real test for its rally is only getting started.

Banks found a way to copy stablecoins without losing the money that funds their loans

Banks defend themselves against stablecoins by saying they are building tokenized deposits to modernize payments, with programmable money and around-the-clock settlement. Falcon Finance chief RWA officer Artem Tolkachev told CryptoSlate that the explanation covers only half the reason: “It is ...

A 2,712 BTC treasury company just lost its Bitcoin strategy chief with no successor named

The Smarter Web Company, which reported holding 2,712 BTC earlier this month, said Jesse Myers, Head of Bitcoin Strategy, will leave on Sept. 1 while its Bitcoin Treasury Policy remains unchanged under board oversight. The Aug. 25 notice did not give a reason for Myers’ departure, name a successor o...

Bitcoin miner Sphere 3D faces $2.2M tariff claim equal to 77% of its cash

Crypto miner Sphere 3D said it could face approximately $2.2 million in supplemental US tariffs, before interest, on Bitcoin miners purchased in 2022 by a subsidiary it now owns. The company said in an Aug. 24 filing that US Customs and Border Protection treated the equipment as Chinese-origin goods...

Phantom’s plan to drop Sui exposes the hidden power wallet interfaces hold over user funds

Phantom will remove Sui from its wallet interface on Sept. 24, one month after announcing that it and Sui had decided to end the integration. After the transition, Phantom will no longer display Sui balances, support Sui sends or swaps, or connect to decentralized applications. The assets will remai...

Soluna’s 1 billion-share proposal exposes the funding challenge behind its AI and Bitcoin expansion

Soluna Holdings is asking shareholders to substantially expand its ability to issue stock as the data-center developer tries to finance a 6.3-gigawatt pipeline that remains overwhelmingly unbuilt. An SEC filing showed that Soluna shareholders will vote at the company’s Oct. 16 annual meeting on whet...

RockawayX acquires Relayer Capital to expand crypto offerings in US

Relayer will become the RockawayX Liquid Opportunities Fund, identifying 'undervalued liquid tokens and crypto-related equities.'

Bitcoin holds $79,000, ether, solana slip as traders bank a week of gains

Every major token fell over 24 hours except HYPE, though bitcoin holds a 23% weekly gain and XRP almost 45%.

XRP’s 44% rally brings leverage back, raising risk of sharper pullback

CryptoQuant data show XRP’s estimated leverage ratio on Binance at its highest since January, with long accounts outnumbering shorts as futures volume runs more than five times spot trading.

Revolut rolls out euro stablecoin in three European markets

The Bridge-issued EURR token will support multiple blockchains and external wallets, with wider EEA availability expected this year.

Revolut begins phased EURR stablecoin rollout in Denmark, Poland and Portugal

Revolut began rolling out EURR, its first euro-pegged stablecoin, to customers in Denmark, Poland, and Portugal.

Supply absorption ‘key question’ as Bitcoin fails to reclaim $80K: Analysis

Bitcoin struggled to establish support at $80,000 as investor cohorts all returned to net profitability.

Roman Storm's Tornado Cash Retrial Pushed to April 2027

Judge Katherine Polk Failla adjourned the retrial by more than six months, with Storm's motion for acquittal still undecided.

Bernstein forecasts Bitcoin to reclaim $125K by late 2026 ahead of cycle peak

Bernstein expects Bitcoin to reclaim $125,000 by late 2026 before reaching $300,000 in 2029 under its base case, with a bull case of $500,000.

Why this XRP ETF could drift from XRP price as fees, trading costs and fund structure stack up

REX-Osprey’s XRP ETF held 40.25% of its assets in the CoinShares Physical XRP ETP on Aug. 24, routing $22.87 million of a $56.68 million portfolio through another listed product. That structure means XRP ETF fees and trading costs can stack up across two listed products. The same holdings snapshot r...

Tokenized Deposits Could Drain $700 Billion From Bank Lending, Dallas Fed Warns

A shift toward faster, more rate-sensitive deposits could push banks into safer assets, constrain lending, and raise borrowing costs, Dallas Fed researchers said.

US Banks Join Forces to Build a Blockchain of Their Own

The BankChain Alliance aims to give smaller financial institutions access to tokenized deposits and blockchain payments through a shared network targeted for 2027.

A hidden Bitcoin node database just shrank by 40 GB, but only if runners rebuild it

Bitcoin Core has merged a redesign of its optional transaction index that cut about 40 GB from the database in one contributor's mainnet test. Operators using -txindex retain their existing indexes through an upgrade; capturing the full saving requires recreating the database. Pull request #35531, m...

Crypto greed gauge hits highest since just before October’s $19 billion wipeout

The Fear & Greed Index reached 74 on Tuesday after sitting at 27 less than two weeks ago, showing how quickly traders have gone from caution to chasing risk.

Strategy cuts net leverage to near zero as cash nearly matches convertible debt

The bitcoin treasury company has built nearly four years of preferred-dividend coverage while continuing to repurchase STRC below par.

Morning Minute: LayerZero Announces ATLAS as New Settlement Engine

The market liked the news, with ZRO up 10% and jumping nearly 50% off its local bottom.

Revolut Launches Euro-Pegged EURR Stablecoin

EURR has gone live for selected customers in Denmark, Poland and Portugal, with a Luxembourg subsidiary of Stripe holding the reserves.

CryptoQuant says bitcoin has entered bull market but needs to cross $83,000 for ‘official’ confirmation

"Historically, bitcoin's bull markets have 'officially' begun when price crosses above its 365-day moving average," CryptoQuant said.

Moonwell has a $1.8M liquidity hole and its latest plan allocates $0 to fix it

Decentralized lending protocol Moonwell has proposed no cbETH repayment in its latest reserve round, even as the Base market for Coinbase Wrapped Staked ETH carries a $1.77 million net shortfall. The allocation, published by risk service provider Anthias Labs on Aug. 24, would leave 2.8095 cbETH of ...

Tornado Cash developer Roman Storm’s retrial delayed to April 2027

Judge Katherine Polk Failla adjourned the retrial in light of Storm’s pending motion for acquittal and related request for a continuance.

Tornado Cash developer Roman Storm’s retrial pushed back to April 2027

A jury convicted Storm on a count of money transmitting last year, but did not reach a verdict on other charges.

Coinbase, Better make token-backed mortgages generally available

Coinbase and Better expand token-backed mortgage access to Coinbase One members, with a 1% closing-cost credit now available.

Hyperliquid Policy Center, TradeXYZ urge CFTC to create path for US oil perpetuals

The CFTC should adopt a regulatory framework for energy perpetual contracts, the Hyperliquid Policy Center and TradeXYZ said in a letter.

Solana Treasury Firm Invites Investors to Look 'Beyond the Price of SOL'

Nasdaq-listed SOL treasury company DeFi Development Corp launched a free network dashboard on Wednesday. Its pitch: judge Solana on more than just price.

Galaxy Opens Retail Crypto-Backed Credit Lines on Bitcoin, Ethereum and Solana

GalaxyOne clients can borrow cash against Bitcoin, Ethereum, and staked Solana at 8.99% APR without selling a coin.

What Traders Are Watching for Bitcoin's Next Move

Bitcoin's monster rally just hit its first real test. Here's why each catalyst matters and how they could move the price from here.

The 3 catalysts that could define bitcoin's next move

Your day-ahead look for Aug. 26, 2026

SOL treasury firm DeFi Development launches real-time ‘State of Solana’ intelligence platform

The Nasdaq-listed company holds roughly 2.3 million SOL worth about $208 million, while its shares have fallen 16% year to date.

Crypto Long & Short: Tokenized equities: the model underneath the trade

In this week's Crypto Long & Short, CoinDesk's Joshua DeVos writes that demand for tokenized equities is accelerating fast, from $16 billion to more than $590 billion in perpetual futures in a single year, but that the headline growth hides the question that matters most. Two tokens can trade under ...

'The Government Doesn't Own Our Data': Prosecuted GrapheneOS User

Samuel Tunick, facing five years over a wiped phone, said he was secretly placed on a watch list as a suspected terrorist.

Students want crypto classes but learn on social media: OKX survey

A separate review found only about 28% of accredited US business schools offered blockchain courses, despite strong demand in the OKX poll.

77% of Americans see crypto in retirement plans as risky: Survey

A new survey finds broad skepticism toward crypto in workplace retirement plans as US policymakers move to expand access to alternative assets.

Nvidia tops earnings estimates, guides to $108 billion in revenue next quarter

The tech bellwether reported fiscal second-quarter results after the bell on Wednesday.

Nvidia Shares Surge in After-Hours Trading After Record $96.2 Billion Revenue

The chipmaker doubled quarterly revenue while disclosing $366 billion in future commitments and up to $108.5 billion in guarantee exposure.

The evidence doesn't support the banks' case against stablecoin rewards

Bill Gates Wants a Robot Tax and Jobs Humans Can't Be Fired From

Gates is calling for AI tokens and robots to be taxed so firms think twice before swapping out workers, plus a bracket of "human reserved" roles that stay off-limits to automation.

Russian Influence Network Used ChatGPT to Masquerade as Academic Experts

The operation promoted a purported Israeli think tank that published copied scholarship under academics’ names and circulated pro-Russian analysis across social media.