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CRYPTO NEWS ARCHIVE

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

  3. ALLCoinDesk

    New York sues Polymarket, alleging it is running an illegal gambling operation

    The New York Attorney General and Governor filed a lawsuit against Polymarket, alleging it operates an illegal gambling business in the state without a license, seeks restitution and fines, and claims Polymarket's contracts constitute gambling under New York law. The lawsuit also accuses Polymarket of allowing users aged 18 to 20 to access the platform, despite state requirements that users be at least 21. The case reflects ongoing legal disputes over whether prediction markets are regulated federally or under state gambling laws, especially when involving sports outcomes, with other cases such as those against Kalshi and efforts by the New Jersey courts also ongoing. Polymarket launched its U.S. platform in December 2025, offering markets on sporting event outcomes, and has indicated plans to expand into other markets.

  5. ALLCointelegraph

    Fed proposes new capital, redemption rules for stablecoin issuers

    The Federal Reserve has proposed new regulatory requirements for stablecoin issuers, including capital charges based on the amount of stablecoins outstanding, with specific percentages for different levels, as part of its implementation of the GENIUS Act. Issuers would need to process redemptions within two business days and notify the Fed if reserves fall below the required backing, with plans to restore reserves or liquidate stablecoins. They would also be required to publish monthly reports on their stablecoin issuance and reserves, verified by a registered public accounting firm and certified by the issuer’s CEO and CFO. A separate proposal outlines an application process for Fed-supervised banks seeking to issue payment stablecoins through subsidiaries, requiring a business plan and financial information. The proposals are open to public comment for 60 days following publication in the Federal Register.

  7. ALLCointelegraph

    Bitget confirms $352M security breach, suspends withdrawals

    Crypto exchange Bitget has confirmed a security breach that resulted in unauthorized transfers affecting approximately $351.6 million in assets, leading to a temporary suspension of withdrawals as it conducts an investigation. The company stated that the breach was limited to certain hot and warm wallets, while its cold wallets remained secure, and that user account balances were unaffected. Bitget CEO Gracy Chen indicated the incident was contained and that the affected amount is within the exchange’s User Protection Fund, which holds over $464 million. The exchange has flagged addresses linked to the transfers, contacted law enforcement and security firms, and plans to provide hourly updates and a full report within 24 hours.

  14. ALLCoinDesk

    The stock token debate, and the gap nobody can close alone

    The argument over Robinhood’s AMC token has been about which tokenization model is legitimate, and the SEC has drawn a line. The question to ask now is what has to be true for any of it to be a market, argues Bullish’s Tram Doman.

  15. BITCOINCoinDesk

    Bitcoin just topped a key long-term moving average. Here's what it might mean

    CoinDesk reports that Bitcoin recently reclaimed its 365-day moving average after being below it for 310 days, a pattern that has historically been followed by significant gains, with increases ranging from about 59% to over 1,400% in past instances. Analysts at Altcoin Pro regard this as a potentially bullish signal, noting that Bitcoin's price broke above the 365-day average near $80,900 on September 22. However, they caution that such moving average signals do not guarantee future performance and emphasized that more important is Bitcoin remaining above its 200-day moving average, which currently sits around $70,800. The article also mentions the recent "golden cross" where the 50-day moving average crossed above the 200-day average, indicating a potentially constructive market outlook despite its mixed predictive record.

  16. ALLCointelegraph

    Crypto treasury model loses its edge as stock premiums fade: DWF

    According to a report from DWF Ventures, the crypto treasury model has largely lost its early advantage, as most digital asset treasury (DAT) companies no longer trade above their crypto holdings' value, with only four of the 20 largest trading at a premium. The widespread discounts indicate that investors are no longer willing to pay a premium for crypto exposure through these companies, and most DAT stocks have underperformed just holding the underlying crypto asset, as noted by DWF. The report also highlights that the premium paid for these stocks peaked when the strategy was new and during Bitcoin’s rally, but has since diminished. Experts like Galaxy Digital have warned that if the premium collapses or turns into a discount, the model's core mechanism of issuing shares to buy more crypto becomes unsustainable.

  19. ETHEREUMCoinDesk

    Crypto casino Duelbits goes offline after $7 million hot wallet hack

    Duelbits, a crypto gambling platform, confirmed a hack resulting in the loss of approximately $7 million from its hot wallets, leading the site to go offline as an investigation is underway and user funds remain safe, according to co-founder Joe. Blockchain security firm Scam Sniffer reported that the attack involved a suspected private key compromise across Duelbits' wallets on Ethereum, BNB Chain, Tron, and Bitcoin, with most stolen assets swapped into ether and consolidated into a single wallet holding about 2,234 ETH worth roughly $6 million. Etherscan data shows that shortly after the breach, the attacker received significant outflows from Duelbits’ Ethereum hot wallet, though most of these funds had not moved further at the time of reporting. The incident echoes similar private key breaches that have targeted other crypto platforms, such as Stake earlier in 2023.

  23. BITCOINCoinDesk

    Crypto for Advisors:The hidden costs of holding your own bitcoin

    The article explains that holding bitcoin directly requires significant operational effort and security diligence, which can pose risks without necessarily improving expected returns. It highlights that self-custody transfers custody risk from institutions to individuals, who must manage private keys, wallet security, and protocol uncertainties like chain splits. It also emphasizes the distinction between wanting bitcoin exposure and managing bitcoin directly, noting that professionally managed products can provide exposure without the operational burdens. Finally, the article states that the failure of the CLARITY Act in the U.S. does not fundamentally alter bitcoin's long-term investment thesis, as bitcoin already benefits from a relatively mature institutional infrastructure.