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Source-backed coverage

CRYPTO NEWS ARCHIVE

Permanently retained stories with extracted source text and completed, source-grounded AI summaries.

  1. ALLCoinDesk

    Crypto executives say digital native generations may never need a bank account

    Crypto executives and bankers increasingly believe that younger, digitally native generations may rely on wallets holding stablecoins and tokenized assets rather than traditional bank accounts. Adrian Cachinero of Steakhouse Financial envisions a future where digital financial products replace standalone bank accounts, though banks will remain integral as regulated infrastructure providers. Standard Chartered’s Naveen Mallela predicts stablecoins will dominate retail payments while tokenized deposits will support wholesale transactions, with both serving distinct markets. Binance also notes a younger user base adopting crypto and aims to offer a super-app combining multiple financial services. Industry leaders agree that while banking and crypto services are converging, regulated banking infrastructure and custody challenges remain central to the system.

  5. BITCOINCoinDesk

    DOG Mode explains Bitcoin's next governance fight

    The new Bitcoin client DOG Mode, developed by Bitcoin programmer Leonidas, challenges the network's default relay policies by allowing freer propagation of Ordinals and Runes transactions without changing consensus rules. This approach contrasts with the earlier BIP-110 proposal, which sought to tighten restrictions on data-heavy transactions to prioritize monetary uses of block space. DOG Mode advocates view Bitcoin as a neutral marketplace where all valid transactions, including data inscriptions, should propagate equally if fees are paid, whereas BIP-110 supporters prefer limiting block space to financial transactions. The adoption of DOG Mode could lead to mempool fragmentation, changing how transactions are relayed and potentially weakening the role of specialized brokerage services. The client raises fresh questions about governance, censorship, and market dynamics within the Bitcoin network.

  6. DEFICoinDesk

    Here is why a massive $1.6 billion in crypto liquidity is sitting idle and wasting away

    Research by Dune and commissioned by 1inch revealed that $1.6 billion, or 85% of $1.84 billion tracked in concentrated liquidity pools on major decentralized exchanges like Uniswap, PancakeSwap, and Aerodrome, was underutilized in the first half of 2026. About $542 million weekly was fully out of range, earning no fees or providing market depth, leading to an estimated $150 million in missed annual fees. The study found that liquidity providers with smaller positions and manual management were more likely to have idle capital, while larger pools still held most inactive funds. These findings highlight challenges in optimizing liquidity use as DeFi markets grow and trading fees potentially decrease.

  8. ALLCointelegraph

    Kaspersky identifies malware framework targeting crypto investors

    Kaspersky has identified a new malware framework called OkoBot targeting cryptocurrency investors, which uses social engineering and trojanized GitHub apps to deliver backdoors and steal crypto wallet data, browser information, and credentials. Originating from the 2025 TookPS campaign, OkoBot orchestrates payloads via SSH tunnels to exfiltrate data remotely and has been active since January 2026. Separately, SlowMist reported a malware campaign targeting Web3 developers through fake LinkedIn recruitment messages that deliver remote access trojans disguised as legitimate GitHub projects, aiming to steal project keys and wallet data. These incidents highlight an increasing trend of attackers exploiting developer workflows and recruitment scenarios to distribute malware.

  9. ALLCointelegraph

    French gambling regulator orders ISPs to block Polymarket

    France’s Autorité nationale des jeux (ANJ) has ordered internet service providers to block access to Polymarket, stating that prediction websites are considered illegal gambling and that Polymarket’s operations are not authorized in France. The regulator highlighted concerns about outcome manipulation and similarities to addictive gambling features, noting that some bets, such as weather predictions, may have been rigged due to hacking of sensors. France previously announced plans to block the platform in November 2024 for non-compliance with gambling laws, and Polymarket is currently geoblocked in 36 regions. The Paris Public Prosecutor’s Office launched an investigation in May 2026 into outcome manipulation and verification issues on the platform.

  10. ALLCointelegraph

    FTX to distribute $900M to creditors in fifth payment round

    The FTX Recovery Trust and exchange announced a fifth distribution round starting July 31, allocating approximately $900 million to creditors through BitGo, Kraken, or Payoneer accounts. This latest payment follows about $10 billion paid out since FTX filed for bankruptcy in November 2022. Under the recovery plan, convenience claims under $50,000 receive 120% reimbursement, while other claims receive between 103-105%. Meanwhile, former CEO Sam Bankman-Fried remains in prison after a 2024 conviction and sentencing, with bipartisan opposition growing against any potential presidential pardon.

  11. ALLCointelegraph

    Galaxy lands 15-year Texas Tech stadium naming rights deal

    Galaxy Digital has signed a 15-year naming rights agreement with Texas Tech, renaming its football stadium as Galaxy Stadium beginning with the 2026 season, as part of a broader partnership that includes becoming the official data center and digital assets partner for Texas Tech Athletics. The deal also involves collaboration on student-athlete name, image, and likeness initiatives, artificial intelligence projects, and workforce development programs. The stadium's renaming will be officially debut on September 5, 2026, during Texas Tech's season opener. This partnership expands Galaxy's presence in West Texas, where it operates a large data center campus with significant capacity allocated for artificial intelligence and high-performance computing.

  12. ALLCointelegraph

    Consensys unknowingly outsourced developer work to North Korean

    Consensys unknowingly outsourced a software developer linked to North Korea through a third-party service provider, with the developer having access to some of its systems for a month, as reported by Drop Site. The company was introduced to the developer, who used the alias Tyler Knapp, as a consultant and not an employee. Upon discovery of the developer's ties to North Korea, Consensys immediately terminated access, suspended product releases, and launched an investigation, which found no misappropriation of assets or data or impact on user safety. The incident has prompted Consensys to reevaluate its outsourcing practices, according to general counsel Matt Corva.

  13. ALLCointelegraph

    Crypto Biz: When dollars disappear, stablecoins step inBolivia moves to recognize USDT amid a dollar shortage, while Bitcoin miners’ AI ambitions face fresh investor scrutiny.

    Bolivia is considering a regulatory framework to recognize Tether's USDT as a payment currency amid ongoing dollar shortages, aiming to facilitate transactions and savings alongside the boliviano and US dollar, with provisions for anti-money laundering safeguards. The move follows Bolivia's removal of a crypto ban in 2024 and its efforts to expand access to digital assets. Meanwhile, Bitcoin miners exploring AI infrastructure strategies are facing increased investor scrutiny, especially regarding insider stock sales and governance concerns, as enthusiasm for AI-driven growth wanes and stock indices decline. Some miners, like CleanSpark, have entered into long-term data center leases to diversify revenue streams, exemplified by a $6.6 billion contract for a Georgia data center. Additionally, companies like Bitmine are generating significant revenue from Ethereum staking, highlighting diversification within crypto businesses despite market pressures.

  14. ALLCoinDesk

    Polymarket traders cut Clarity Act passage odds to record low as Senate delay drags on

    The odds of the Clarity Act passing by the end of 2026 have dropped to 32% on Polymarket, the lowest since the market's January launch, amid ongoing Senate delays and lack of bipartisan support, particularly over an ethics provision. Despite behind-the-scenes negotiations and calls from industry leaders for clear regulatory frameworks distinguishing SEC and CFTC jurisdiction, Democratic opposition remains focused on addressing conflicts of interest in digital asset oversight. The bill, intended to establish federal rules for digital markets, faces uncertainty as Congress approaches its recess with limited time left to advance the legislation.

  18. ALTCOINSCoinDesk

    Cardano hands core development to outside teams in decentralization push

    Cardano developer Input Output (IO) will transfer control of key blockchain components, including its Haskell node, Plutus platform, and Daedalus wallet, to external teams such as Se7en Labs and Teragone starting in August as part of a multi-year decentralization initiative. This move aims to reduce reliance on IO and achieve full decentralization of node and reference blueprint development, marking the final stage of Cardano's Voltaire era. The plan includes maintaining at least three Cardano implementations in Haskell, Rust, and Go under community oversight. The shift comes amid declining network activity and a steep fall in ADA’s price, which founder Charles Hoskinson describes as necessary growing pains for the ecosystem.

  19. ALLCointelegraph

    OKX Europe lets users convert USDT to MiCA-compliant USDCThe feature offers European customers a voluntary path away from Tether’s USDT as MiCA rules reshape the region’s stablecoin market.

    OKX Europe has introduced a feature that allows customers to convert USDT into USDC, a stablecoin compliant with the EU's MiCA regulations, as Tether has not obtained authorization under MiCA (according to the company). This move provides an option for European users to transition away from USDT, which remains the dominant stablecoin globally with a market cap of about $184 billion, but is not supported under MiCA. Tether has publicly criticized the MiCA framework, citing concerns about reserve requirements that involve holding reserves with European credit institutions. Other platforms, such as Revolut, have also begun to restrict support for USDT, giving users deadlines to sell or withdraw their holdings.

  20. ALLCointelegraph

    HSBC wins Bank of England approval to enter Digital Securities SandboxThe Bank of England approved HSBC Orion to go live in its Digital Securities Sandbox, with the first Digital Gilt Instrument transaction expected in the first quarter of 2027.

    The Bank of England has approved HSBC Orion to operate within its Digital Securities Sandbox, enabling the bank to support the issuance, servicing, and settlement of digital securities in a live regulatory environment. HSBC Orion will act as a digital securities depository for digitally native bond issuances, including the UK’s upcoming Digital Gilt Instrument (DIGIT), with the first transaction expected in the first quarter of 2027. This marks the first company to go live in the sandbox since its launch in 2024, while HSBC and the London Stock Exchange Group have also agreed to collaborate on investor access to the pilot issuance.

  21. BITCOINCoinDesk

    Bitcoin faces fresh headwinds as China’s Kimi beats Claude, GPT in coding benchmark

    Bitcoin and other major cryptocurrencies declined following the release of Moonshot AI's Kimi K3, a 2.8 trillion-parameter open-weight coding model from Beijing that outperformed Anthropic's Claude and OpenAI's GPT on a key coding leaderboard. The full public release of Kimi K3 on July 27 challenges the prevailing view that cutting-edge AI capabilities will remain costly and U.S.-controlled, impacting market sentiment in AI and semiconductor sectors. Bitcoin, increasingly influenced by AI infrastructure trends rather than crypto-specific factors, fell alongside AI and semiconductor stocks as traders reassessed the value of AI-related investments, given the new model’s open-access nature. This development raises concerns for bitcoin miners who have repositioned as AI data center landlords, as free, efficient AI models reduce demand for training and inference compute.

  22. BITCOINCoinDesk

    AI frenzy losing steam leaves bitcoin less volatile than South Korean stocks

    Amid geopolitical tensions pressuring bitcoin and the crypto market, South Korea's Kospi index, buoyed by the AI boom, has experienced nearly a 25% drop in four weeks, with its 30-day implied volatility doubling bitcoin's. Kospi's implied volatility stands at an annualized 81%, compared to bitcoin's 38%, reflecting heightened perceived risk driven by forced liquidations among leveraged traders. Despite this, bitcoin remains twice as volatile as the S&P 500's VIX and continues trading below its 50-day moving average, though some indicators suggest accumulation amid geopolitical unrest. Market watchers are also focusing on upcoming regulatory clarity in Washington, which could influence institutional participation.

  23. BITCOINCoinDesk

    Ether falls twice as hard as bitcoin and HYPE drops 10% as the chip trade unwinds

    Ether fell 4% to $1,850 on Friday, underperforming bitcoin, which dropped 2% to around $63,400, amid a broader sell-off triggered by steep declines in Asian semiconductor stocks like Japan’s Nikkei and Taiwan Semiconductor. Hyperliquid's HYPE token fell 10%, the worst among major cryptocurrencies, while other tokens such as Solana, XRP, and BNB also declined. Despite strong inflows of nearly $97 million into U.S. spot ether ETFs this week, primarily into BlackRock’s funds, the market showed signs of consolidation rather than a confirmed reversal. Meanwhile, oil prices surged 12% to around $85 a barrel due to escalating Middle East tensions, contrasting with the crypto and semiconductor market downturn.

  24. ALLCointelegraph

    Ordinals advocate Leonidas proposes new Bitcoin client: ‘$DOG Mode’“Over time the economic incentives will drive $DOG Mode’s adoption and force Bitcoin Core to stop gatekeeping and allow these completely valid transactions,” said Leonidas.

    Bitcoin Ordinals advocate Leonidas has proposed a new open-source Bitcoin client called “Bitcoin $DOG Mode” designed to remove existing transaction restrictions affecting Runes and Ordinals. The client would raise the maximum transaction size from 400,000 weight units (WU) to 3.9 million WU and lower the dust limit from 294–546 satoshis to just 1 satoshi. These changes aim to facilitate larger and more efficient transactions for Bitcoin’s fungible and non-fungible token-like inscriptions, which have faced criticism within the community for causing network "spam." Leonidas envisions $DOG Mode as an alternative to Bitcoin Core and Bitcoin Knots, hoping it will pressure mainstream clients to relax their current rules.