Crypto news

US SEC follows CFTC in staff guidance for crypto

With the failed cloture vote on the CLARITY Act, the SEC announced updates on how federal securities laws could apply to token issuers, following similar guidance from the CFTC.

Strive Buys $94.5 Million in Bitcoin, Pushing Holdings Past 27,000 BTC

Strive bought 1,107 BTC for $94.5 million last week, lifting its holdings to 27,462 BTC, with its SATA preferred stock supplying 85% of the capital.

• Bitcoin

Bybit accepts Franklin Templeton tokenized funds as trading collateral

Eligible institutions can pledge Benji-issued fund shares for stablecoin credit lines while keeping the underlying assets in off-exchange custody.

Goldman Sachs brings $100 billion Treasury fund into crypto’s institutional plumbing

The bank is bringing its roughly $100 billion Treasury fund to institutional crypto firms without creating a tokenized version of it.

• GS

Months After the $292M Kelp Hack, Chainlink Lets Institutions Add Their Own Bridge Checks

Chainlink's CCIP 2.0 lets banks run their own security checks on cross-chain transfers, five months after a rival's setup lost $292 million to hackers.

Crypto PAC spends $11M to oppose Sherrod Brown in Ohio

Fairshake pledged an initial $30 million on media opposing the Democratic candidate in Ohio’s Senate race in what some see as a repeat of spending by the crypto industry in 2024.

SEC Commissioner Hester Peirce reflects on her time at the agency, what she still wanted to get done: ‘There’s no good time to leave’

After nearly a decade at the Securities and Exchange Commission, Hester Peirce is wrapping up her last week at the agency.

Vitalik Buterin Outlines 'Cryptographic World Computer' Plan for Ethereum

Hegota will be Ethereum's last 'normal' fork, he argues, with everything after built on recursive STARKs and formal verification.

• Ethereum

The restaking gold rush is over, and top protocols are barely making a profit

As restaking yields dried up and smart-contract risks mounted, Ethereum's top liquid restaking protocol walked away from its core business to build a crypto neobank instead.

• Ethereum

Tether is a ‘lifeline’ for Iranian regime, Senate Dems say in new report

Democrats on the Senate's Permanent Subcommittee on Intelligence published a report alleging that USDT had become a key tool for the Iranian government.

• Tether

Bitget attacker tested risk controls with small transfers before $388 million theft, CEO says

Bitget's attacker ran two small test transfers half an hour before draining $388 million, CEO Gracy Chen says.

Bitget CEO says $388M hack exploited third-party security vulnerability

Some stolen assets have been frozen, but Bitget has yet to disclose how much has been recovered as investigators continue to assess a possible North Korea link.

MiCA focus shifts from rulemaking to supervision, ESMA chair says

ESMA will focus on CASP resilience, outsourcing and reverse solicitation while pursuing harmonized reporting across national regulators.

Tom Lee’s Bitmine tops 6 million ETH after buying another 17,362 ether

Bitmine's total crypto, cash and other investments currently stand at $17.2B, and the company owns over 4.9% of ether's circulating supply.

• Ethereum

Altseason is coming — and traders are more discerning this time

Altseason is almost here and early signs suggest traders are becoming more selective, with capital flowing into revenue-generating protocols across a number of different narratives.

AI agents could drain cheap bank deposits, Apollo's Torsten Slok warns

AI agents could trigger a bank run by automatically moving household cash from low-interest checking accounts to higher-yield alternatives, Slok warns.

Strategy Sets New BTC Holdings Record After $143M Bitcoin Purchase

Michael Saylor's Bitcoin treasury firm bought 1,665 BTC last week, taking its holdings above its previous record to 847,666 BTC.

• MSTR
• Bitcoin

Chainlink launches new version of its crypto bridge tech 'CCIP' to give apps more control over their security

The new software lets companies add custom security checks so they do not fall victim to the same type of vulnerabilities that plagued rival bridges.

BTC price eyes best Q3 in nine years: Three things to know in Bitcoin this week

Bitcoin fell below $83,000 to start the week amid US-Iran war developments but remains up more than 40% for Q3 ahead of key inflation and jobs data.

• Bitcoin

THORChain rejects Bitget request to block hacker as $6 million moves to bitcoin

CoinDesk found 27 successful swaps moving about 2,390 ETH into 75.2 BTC, even as Bitget urged THORChain to stop serving addresses tied to the $387.5 million theft.

• Bitcoin
• Ethereum