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CRYPTO NEWS ARCHIVE

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

  1. BITCOINCoinDesk

    Live markets: Bitcoin, stocks, bonds sharply lower as Fed's Waller signals near-term rate hike

    Bitcoin slipped below $63,000, dropping about 1.4% to $62,800 after a brief fall from $64,300 during the Asian session, primarily due to a minor leverage flush within its recent trading range of $59,000 to $66,000. Meanwhile, South Korean chipmaker SK Hynix also declined more than 30% from its June peak following its U.S. trading debut, affected by profit-taking and a shift into American depositary receipts. Although unrelated, both assets have moved in the same direction over weeks amid shifting risk appetite influenced by the AI sector, with analysts noting about 30% of Bitcoin's pressure stems from capital flowing into AI. Market participants await upcoming key events—the June inflation report on July 14 and the Federal Reserve meeting on July 28–29—which could impact crypto and chip stocks.

  2. BITCOINCoinDesk

    Bitcoin holds near $63,800 as war-driven selloff hits everything but crypto

    Bitcoin held near $63,800 on Monday, showing little reaction to the latest U.S. military strikes on Iran, while traditional assets like gold, oil, equities, and bonds experienced sharp swings due to fears of a wider conflict. Oil prices jumped above $79 a barrel, gold declined by 1.6%, and Treasury yields rose amid concerns that sustained higher oil prices could keep Federal Reserve interest rates elevated longer. This marks a shift for Bitcoin, which is now seen to move more in line with dollar liquidity and chip sector dynamics rather than geopolitical events. Other major cryptocurrencies like Ether and XRP also saw minimal movement, contrasting sharply with the broader market turmoil.

  3. ALLCoinDesk

    Signs of life?: State of Crypto

    Lawmakers are preparing to release a new draft of the Digital Asset Market Clarity Act, combining previous versions from the Senate Banking and Agriculture Committees with about 70 additional pages. However, key issues remain unresolved, including ethics provisions, which could hinder bipartisan support and timely passage before the 2026 midterm elections. Senate Majority Leader John Thune has indicated a possible vote in late July, but the lack of White House engagement and the necessity of President Donald Trump's approval on ethics matters pose challenges. Meanwhile, a separate provision banning the Federal Reserve from issuing a central bank digital currency until 2030 took effect through a housing bill, temporarily easing one negotiation point.

  4. BITCOINCointelegraph

    Strategy's Saylor needs clarity in BTC pivot message to convince investors: StanChartStandard Chartered sees communication challenges facing the biggest digital asset treasury company as "muddying the waters" for Bitcoin in the near term.

    Strategy's founder Michael Saylor has shifted the company's long-standing "never sell Bitcoin" stance by selling $216 million worth of Bitcoin to fund dividends and boost cash reserves, reducing its holdings to 843,775 BTC. Standard Chartered analyst Geoff Kendrick highlighted that Saylor's recent messaging lacks clarity, which could be causing uncertainty around Bitcoin's near-term outlook, despite the bank maintaining a $100,000 year-end price forecast. Strategy also raised the dividend rate on its STRC preferred stock to 12%, but both STRC and common shares have struggled significantly, with the latter down over 70% in the past year. The company is expected to report second-quarter earnings on July 30.

  5. ALLCoinDesk

    Stablecoin market cap has shrunk by $10 billion since May, but analyst sees no reason to panic

    The stablecoin market capitalization has declined by about $10 billion since May 2026, with a $7.7 billion drop occurring in June alone, primarily driven by decreases in Tether's USDT and Circle's USDC supplies. Despite this contraction, the market's 3% fall is modest compared to the 26% collapse during the 2022 crypto bear market, and analysts consider it a temporary setback amid ongoing long-term growth. New regulated stablecoin issuers like Paxos’ USDG and Anchorage Digital’s USDGO are gaining market share, gradually challenging the dominance of USDT and USDC as stablecoins expand into mainstream payments.

  6. ALLCointelegraph

    Pakistan crypto chief seeks dialogue after scholar rules against crypto paymentsPakistan’s virtual-assets regulator called for continued dialogue on the treatment of digital assets after meeting an Islamic scholar who backed a ruling against purchases made with crypto.

    Pakistan Virtual Assets Regulatory Authority (PVARA) chairman Bilal bin Saqib has called for ongoing dialogue on digital assets under Islamic law following a meeting with scholar Mufti Taqi Usmani, who supported a ruling against using crypto for purchases. The Islamic ruling, signed by Usmani and others at Jamia Darul Uloom Karachi, stated that cryptocurrencies like stablecoins do not qualify as recognized property under Islamic law. Saqib emphasized the need for nuanced assessment across different digital asset types rather than blanket judgments. This exchange highlights the tension between Pakistan's efforts to regulate crypto through PVARA and prevailing religious concerns amid the country's recent move toward a licensed virtual asset market.

  7. ALLCointelegraph

    Cambridge study puts Ethereum near lower end of PoS energy intensityCambridge estimated that Ethereum consumes 7.87 GWh annually and has the second-lowest market-value-adjusted energy intensity among the proof-of-stake networks studied.

    A Cambridge study estimated that Ethereum currently consumes about 7.87 GWh of electricity annually, placing it near the lower end of energy intensity among major proof-of-stake (PoS) blockchains. Adjusted for market value, Ethereum uses approximately 33 kWh per $1 million, second only to BNB Chain, while Solana consumes the most at 13.48 GWh annually with an energy intensity of 283 kWh per $1 million. The study also noted that 56.4% of Ethereum’s electricity comes from renewable and nuclear sources, with the network’s energy use significantly reduced following its transition from proof-of-work to proof-of-stake after the 2022 Merge.

  8. ALTCOINSCoinDesk

    Ripple once weighed shutting down and handing XRP to shareholders, CEO says

    Ripple CEO Brad Garlinghouse revealed that he and co-founder Chris Larsen briefly considered shutting down the company and distributing XRP to shareholders after the SEC sued Ripple in 2020, alleging XRP was an unregistered security. They ultimately chose to fight the lawsuit to preserve jobs, incurring about $150 million in legal fees over four years. The case concluded with a federal judge ruling that XRP is not a security, followed by a settlement last year under new SEC leadership that has taken a more crypto-friendly stance.

  10. BITCOINCointelegraph

    Empery Digital shares rise after selling BTC to fund AI data center projectThe sales come months after a major Empery shareholder demanded the firm ditch its Bitcoin treasury strategy and sought the resignation of its CEO and board.

    Empery Digital saw its shares rise after selling nearly half of its Bitcoin holdings, approximately 1,400 BTC, for about $87.1 million to fund a 25% stake in an AI data center project and to pay down $10 million in debt. This move came after significant pressure from major shareholder Tice P. Brown, who had urged the company to abandon its Bitcoin treasury strategy and replace its CEO and board. Empery’s Bitcoin holdings now stand at 1,514 BTC, down from a peak of 4,081. The positive market reaction reflects growing investor interest in AI initiatives amid waning confidence in Bitcoin treasury strategies.