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Source-backed coverage

CRYPTO NEWS ARCHIVE

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

  1. ALLCointelegraph

    OCC approves Trump family crypto company for trust charter

    The US Office of the Comptroller of the Currency (OCC) has granted conditional approval for World Liberty Financial to operate as a national trust bank under the name World Liberty Trust Company, despite concerns over conflicts of interest. The company, affiliated with the Trump family, proposes issuing US dollar-backed stablecoins and custodying digital assets related to its USD1 token, with a Trump family-controlled entity holding 38% of its equity interests. Many lawmakers, including Senator Elizabeth Warren, have criticized the approval, citing potential conflicts of interest and calling for legislation to prevent similar actions. World Liberty’s ties to foreign entities, such as a UAE investment company and its involvement in cryptocurrency investments, have also been scrutinized amid ongoing investigations and political controversy.

  2. ALLCoinDesk

    Saylor says share buyback isn’t priority as Strategy builds $4.8 billion cash reserve

    According to Michael Saylor, Strategy's focus is not currently on share buybacks, as the company builds a $4.8 billion cash reserve to support its dividend payments and other strategic needs. Saylor noted that Strategy might consider repurchasing its own shares if they become significantly undervalued, specifically if trading at a deep discount to net asset value (NAV). The company aims to keep the STRC share price near its $100 target and is prepared to sell or support the share through buybacks when necessary. Strategy plans to maintain large cash balances to retain flexibility in buying or selling bitcoin or shares, depending on market conditions, and does not intend to acquire operating businesses for extra cash generation.

  3. ALLCointelegraph

    Binance to plan UK relaunch with FCA license application: Report

    Binance is reportedly planning to apply for a license with the UK’s Financial Conduct Authority (FCA) in an effort to relaunch certain services for UK residents in 2027, according to a Saturday report from The Telegraph. The application comes as new digital asset laws are set to take effect in the UK, and the FCA had previously stated in June 2021 that Binance’s UK arm, Binance Markets Limited, was not permitted to undertake regulated activities. A Binance spokesperson told Cointelegraph they do not comment on speculation about potential license applications and did not respond to questions regarding their current UK operations. The FCA’s crypto regulatory framework allows companies until February 28, 2027, to submit license applications before the regime becomes operational on October 25, 2027.

  4. ALLCointelegraph

    CFTC seeks public input on AI compute futures contracts as CME eyes October launch

    The US Commodity Futures Trading Commission (CFTC) is seeking public input on futures contracts tied to computing capacity, a key resource for artificial intelligence development, as major exchanges like CME and Intercontinental Exchange plan to launch related products. The regulator has sent a request for comment to the White House Office of Management and Budget for review, which may impact the timeline for approval of CME's planned compute futures contracts scheduled for October 5, pending regulatory approval. Once the review is complete, a public comment period is expected to follow, during which questions about trading and hedging the cost of computing power will be considered. The launch of these products reflects increased interest in AI infrastructure, which recent estimates suggest accounts for about 2% to 2.5% of US GDP this year, as AI continues to influence economic and investment activities.

  8. DEFICoinDesk

    Compound bets $52 million, new leadership team in switch to institutional focus

    Compound Finance has overhauled its leadership team and allocated a record $52 million to support its pivot towards institutional clients, aiming to develop real-world asset offerings, partner integrations, and credit infrastructure compliant with traditional finance standards. The move follows a decline in total value locked (TVL) on the platform from a peak of $12 billion in 2021 to $1.2 billion, with the company seeking to attract new capital and revival growth amid broader industry challenges. The new team includes executives from organizations such as the Near Foundation, Maple Finance, Coinbase Custody, Anchorage Digital, HSBC, and Broadridge Financial, emphasizing a focus on meeting institutional and compliance standards. Industry analysts note that DeFi has shifted from retail participation to serving as a financial infrastructure for traditional institutions, highlighting the importance of experienced leadership for this transition.

  12. ALLCoinDesk

    How a bug in Coldcard’s code went unnoticed for years, leading to $100 million in hacked funds

    A bug in Coldcard’s seed-generation software, introduced during a 2021 firmware update, went unnoticed for years and led to the theft of over $100 million worth of bitcoin from approximately 7,300 addresses, according to Galaxy Research. The vulnerability stemmed from a configuration error that caused the wallet to use a weaker source of randomness for seed generation, reducing the entropy from 128 bits to about 72 bits. Despite the source code being public and the hardware component existing, reviewers failed to identify the defect during audits, and AI-assisted reviews before the hack also did not detect it. Coinkite, Coldcard's maker, has since released fixed firmware for affected models and advised affected users to generate new seeds and transfer their coins.

  18. BITCOINCoinDesk

    Bitcoin options remain expensive despite summer calm. Here's why it matters

    Despite Bitcoin’s recent calm and low realized volatility, 30-day implied volatility remains high at 36.35%, about two-thirds above recent realized volatility of 21.80%, as noted by CoinDesk. The gap between implied and realized volatility, especially near a one-year high in the implied-versus-realized volatility ratio, indicates that options are currently priced for larger potential swings, even though the market remains range-bound. This elevated implied volatility means options are more expensive than the market conditions would suggest, requiring bigger price moves for traders to profit from them. The disparity between implied and realized volatility suggests that insurance against future volatility isn't as cheap as the quiet market might imply, impacting traders considering options strategies.

  23. ALLCointelegraph

    Bitpanda fined in Austria’s first published MiCA penalty

    The Austrian Financial Market Authority (FMA) fined crypto platform Bitpanda 70,000 euros ($82,000) for violations related to the European Union’s Markets in Crypto-Assets Regulation (MiCA), marking the regulator's first published final penalty under the framework. According to the FMA, Bitpanda failed to submit a crypto-asset white paper at least 20 working days before publication, as required by MiCA, and also distributed marketing communications without mandatory disclosures or contact information. The FMA stated that proceedings were concluded under an expedited procedure and that the penalty decision is final. Cointelegraph reached out to Bitpanda for comment but did not receive a response immediately.