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CRYPTO NEWS ARCHIVE

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

  2. ALLCoinDesk

    Kalshi faces ‘fake crypto volume’ allegations as critic flags identical $5,500 trades

    Kalshi, a regulated U.S. prediction market platform, is under scrutiny after a quant analyst flagged anomalies in its crypto perpetual futures contracts, specifically noting a discrepancy between $539 million in trading volume and only $3.1 million in open interest. The analyst also highlighted repetitive $5,500 trades, suggesting possible wash trading, which Kalshi’s representatives denied, explaining that high volume figures are due to industry-standard reporting of maximum potential payouts rather than actual cash exchanged. They emphasized that their transparency is mandated by regulation, including publicly filed incentive schemes, and that "fair access" regulations mean any qualified firm can become a Self-Clearing Member. Although the controversy involves market activity and reporting conventions, Kalshi asserts that its practices adhere to regulatory requirements and that its reported volume reflects real user demand rather than manipulation.

  5. BITCOINCoinDesk

    Bitcoin rises above $81,000, while NEAR jumps 23% on Zcash swap traffic

    Bitcoin traded just above $81,000, gaining less than 1% over 24 hours, partly due to the SEC's recent approval for on-chain trading of tokenized U.S. stocks, which contributed to a short squeeze, according to CoinDesk. Meanwhile, NEAR experienced a significant increase of approximately 23%, reaching just above $4, driven by heavy ZEC trading through its cross-chain swap service, NEAR Intents, which saw a sixfold rise in daily ZEC volume routed through the platform in the past week. Other cryptocurrencies such as ZEC, BNB, Ether, HYPE, XRP, DOGE, SOL, and TRX also saw moderate gains. Asian stocks and U.S. futures rose following positive trade talks between the U.S. and China, while falling oil prices eased inflation concerns.

  6. BITCOINCoinDesk

    Bitcoin’s price has cleared a key hurdle that has historically preceded major bull runs

    According to CoinDesk, Bitcoin has closed above its 50-week moving average for the first time in 45 weeks, a technical signal that could indicate the end of its bear market, with Bitcoin trading near $81,450. Historically, similar crossovers have preceded major bull runs, with 11 out of 13 instances since 2011 not leading to a new low afterward, although past performance does not guarantee future results. The recent move suggests that the previous market bottom may have been near $60,000 and raises the possibility of an ongoing upward trend, contingent on Bitcoin maintaining this level in the following weeks. However, two recent failed crossovers during volatile periods highlight that such signals are not foolproof.

  7. NFTSCointelegraph

    North Korean fake recruiters infect 30K devices, steal $10.7M in crypto

    According to a joint advisory from Japan, Germany, Australia, and the US, North Korean hacking group WaterPlum has infected at least 30,000 devices across more than 100 countries by posing as recruiters for legitimate crypto, AI, and NFT companies, primarily targeting software developers and IT professionals involved in blockchain and Web3 technologies. The group utilized social media, online job platforms, and freelance marketplaces to lure victims, instructing them to download malicious files disguised as coding assignments or software fixes. Once access was gained, they used malware to exfiltrate sensitive data and cryptocurrency, resulting in the theft of over $10.7 million from more than 7,000 cryptocurrency wallets between December 2025 and July 2026. Authorities also linked WaterPlum to North Korea’s broader campaign of placing IT workers inside foreign companies, with some operators believed to be under the North Korean Munitions Industry Department.

  8. ALLCoinDesk

    Crypto platform Gemini’s stock is down 80% from its IPO. That’s reviving takeover speculation

    Gemini's stock has declined about 80% since its IPO, reducing its market value from roughly $4 billion to $753 million, as trading volume, revenue, and platform assets have fallen. Despite the decline, its regulatory licenses, customer base, and custody infrastructure are considered valuable assets that could attract acquisition interest, although there is no active bid reported. The Winklevoss twins, who control 94.5% of Gemini’s voting power, would need to approve any sale, which could complicate the process. Some analysts suggest that the company's regulatory infrastructure might be more valuable than its shrinking exchange business, especially for potential buyers seeking a regulated U.S. presence (CoinDesk).

  10. ALLCoinDesk

    Coinbase, Robinhood, Circle could be early winners of SEC's tokenized-stock push, analysts say

    The SEC’s five-year innovation exemption could enable tokenized U.S. stocks to trade via automated market makers on public blockchains, benefiting companies like Coinbase, Robinhood, and Circle, according to analysts. Coinbase, which already has a tokenized-equity offering, is positioned to capitalize on this shift, though it may need to adapt its infrastructure to operate within the SEC framework. Robinhood plans to add shareholder rights and features to its stock tokens to ensure compliance, despite current offerings not fully meeting SEC requirements. Circle could benefit indirectly through increased use of USDC for settlement and collateral, while traditional exchanges such as Nasdaq and NYSE are expected to face limited impact due to trading caps and technical limits.

  17. ALLCoinDesk

    Clarity Act, we hardly knew ye: We look at what was in the bill and what's replacing it

    The Digital Asset Market Clarity Act, which aimed to define various cryptocurrencies and clarify regulatory jurisdiction, has been effectively abandoned, leaving the industry without the legislation it had hoped for, according to CoinDesk. In the absence of the Act, the SEC and CFTC are actively developing their own regulations, with SEC Chairman Paul Atkins pushing initiatives to establish a legal framework for tokenized securities and other crypto-related rules. The SEC has also proposed several rules related to crypto data and custody, while the CFTC is working on crypto transaction rules and opening the market to crypto perpetual futures. Despite these efforts, the regulatory landscape remains piecemeal and potentially vulnerable to legal challenges, with Atkins noting that only Congress can create long-term, future-proof regulation.

  18. BITCOINCoinDesk

    'We have lost control': Crypto pioneer warns AI could trigger systemic banking and infrastructure shocks

    Marc van der Chijs, co-founder of Hut 8 and a bitcoin investor, expressed concern that competition among companies and nations has accelerated AI development beyond human control, potentially risking systemic disruption of financial systems and critical infrastructure. He stated, “We have lost control, actually,” and warned that AI could expose vulnerabilities in legacy banking software, threatening confidence in financial institutions. Van der Chijs has shifted much of his investment from bitcoin to AI and predicts that AI and robotics could perform up to 95% of jobs in the future, which may necessitate new government revenue sources such as taxes on AI and robots. He also noted that, despite his changing views on AI, he still favors holding bitcoin as the best asset for long-term ownership.

  19. ALTCOINSCoinDesk

    Ripple says asset managers are preparing for XRP Ledger’s next payments upgrade

    Ripple has announced that asset managers and other commercial projects are preparing to use Batch V1.1 on the XRP Ledger, which can group up to eight transactions for all-or-nothing settlement. The upgrade aims to support delivery-versus-payment transactions, enable processing of service fees alongside customer payments, and potentially enhance transaction efficiency for exchanges and wallets. Batch V1.1 is expected to activate shortly after September 29, provided validator support remains above 80 percent, following a redesign and security review that addressed a critical flaw in the original version. The amendment has support from 30 of the 35 tracked validators and has entered a 14-day activation countdown.

  24. ALLCointelegraph

    Hong Kong jails ex-banker over $1.6B false credit, cryptocurrency bribes: Report

    Lam Chun-yin, a former customer relationship manager at China Construction Bank (Asia) in Hong Kong, was sentenced to four years in prison and ordered to pay restitution of over $470,000 in cryptocurrency bribes after falsely authenticating letters of credit worth more than $1.6 billion, according to Cointelegraph. He pleaded guilty in District Court, and the judge emphasized the importance of deterrent sentences given the gravity of the crime and its potential impact on Hong Kong's reputation as a global financial hub. The Hong Kong anti-graft agency, the ICAC, has also secured warrants for the arrest of other individuals involved. The case underscores ongoing concerns about integrity within Hong Kong’s banking sector amidst its broader digital asset and blockchain initiatives.