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CRYPTO NEWS ARCHIVE

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

  3. ALLCointelegraph

    US Senate to vote on advancing CLARITY Act in September after Thune files cloture

    US Senate Majority Leader John Thune has filed cloture on a motion to take up the Digital Asset Market Clarity Act, also known as the CLARITY Act, setting up a procedural vote for September (Source: Cointelegraph). The vote, expected after the Senate reconvenes on September 15, will determine whether the legislation can be considered further, with approved cloture requiring 60 votes and potentially needing Democratic support. The CLARITY Act aims to establish a federal market structure for digital assets and clarify regulatory oversight between the SEC and CFTC, but negotiations have been complicated by disagreements over ethics provisions and stablecoin rules. While this move indicates progress, it does not guarantee the bill will receive a final vote or pass the Senate (Source: Cointelegraph).

  6. ALLCoinDesk

    U.S. Senate opens first stage of crypto Clarity Act voting to give bill a chance next month

    The U.S. Senate has initiated the first procedural votes on the Digital Asset Market Clarity Act, after a motion was filed by Senate Majority Leader John Thune following a marathon overnight voting session, as reported by CoinDesk. The bill missed its window for a complete vote before the Senate's August recess but is now set for an initial vote upon the Senate's return in September, with negotiations needed to resolve disagreements on issues such as illicit finance protections, stablecoin rewards, and government ethics provisions. The bill requires at least 10 Senate Democrats’ support to pass, and its success depends on reaching a bipartisan agreement, including approval from President Trump for certain provisions. If partisan divisions persist, the bill is unlikely to become law this year, and the industry may need to reconsider its strategies in the next Congress.

  7. BITCOINCoinDesk

    Another Bitcoin infrastructure exploit hits, this time draining Lightning payment servers

    A vulnerability in BTCPay Server was exploited to drain Lightning nodes, with attackers gaining unauthenticated access to LND credential files, according to CoinDesk. Victims, including hardware-wallet maker Foundation and the publication Citadel21, reported their Lightning channels were swept, although on-chain wallets were unaffected. BTCPay advised users to update to version 2.4.2 or take servers offline as investigations continue and a full postmortem is forthcoming. The breach underscores ongoing security concerns in bitcoin’s infrastructure, particularly for Lightning network operators.

  9. ALLCointelegraph

    US court backs Bybit’s bid to trace funds from $1.5B North Korea hack

    A US court has approved Bybit's request for expedited discovery in its lawsuit against North Korea, the Lazarus Group, and other defendants over the $1.5 billion hack attributed to North Korea in February 2025, according to Cointelegraph. The court's decision allows Bybit to identify intermediaries and trace some of the stolen assets, with a focus on assets that are still traceable rather than the entire amount. As of the filing, Bybit reported that 90.2% of the stolen funds had become untraceable through various mixers and cross-chain bridges, leaving about 9.8% identifiable, including $75.5 million that has been frozen or recovered. The lawsuit also seeks the return of the stolen assets, along with damages and punitive damages under US law.

  10. ALTCOINSCoinDesk

    New XRP Ledger amendments target $530 million in tokenized Wall Street assets

    The latest XRP Ledger software release, version 3.3.0, introduces a proposed "Confidential Transfers" feature allowing institutions to encrypt balances and payment amounts for certain tokenized assets, which could protect privacy while maintaining account and token type visibility, according to CoinDesk. This update is designed for the growing market of tokenized real-world assets on XRPL, which already has approximately $1.38 billion issued, including notable holdings from RLUSD, Ondo, VERT Capital, Archax, and Societe Generale. The feature, along with five other amendments aimed at institutional users, requires at least two weeks of 80% validator support before going live; Confidential Transfers currently only works for direct Multi-Purpose Token payments and is voluntary for holders. Although the amendments are not yet active, over $530 million of tokenized assets outside RLUSD are tracked on the ledger, with the market still concentrated among a few issuers.

  12. ALLCointelegraph

    President Trump’s media company to terminate Crypto.com deal

    According to Cointelegraph, Donald Trump’s company, the Trump Media and Technology Group (TMTG), is ending its deals with Crypto.com, including a $6.4 billion CRO treasury and a prediction markets integration with Truth Social, citing "prevailing market conditions and shifting business and stakeholder priorities" as reasons. The CRO treasury deal, announced in September 2025, involved the company purchasing large amounts of Crypto.com’s CRO tokens, with plans to offer crypto rewards to Truth Social users, while the prediction markets were announced in October. TMTG’s interim CEO, Kevin McGurn, stated that the decision was influenced more by competitive dynamics than regulatory concerns regarding crypto industry oversight. The company’s withdrawal from these deals coincides with ongoing scrutiny and calls for ethics provisions related to conflicts of interest involving the Trump family and digital assets.

  13. ALLCoinDesk

    Trump Media pulls back from crypto, scraps Crypto.com's CRO token treasury deal

    Trump Media and Crypto.com have decided to cancel plans for a publicly traded company that would have focused on accumulating and staking Crypto.com's CRO tokens, citing market conditions and shifting priorities, according to the companies. They also terminated an agreement for Crypto.com to service certain planned Yorkville America ETFs. The decision follows Trump's earlier crypto expansion in 2025, during which Trump Media bought $105 million worth of CRO tokens, but the firms are now scaling back their crypto initiatives and refocusing on media, data licensing, and completing their merger with TAE. The retreat comes amid a saturated digital asset treasury market and ongoing debates in Washington over ethics and conflicts of interest involving Trump and his crypto ventures.

  16. ALLCoinDesk

    U.S. widens Iran crypto crackdown with sanctions on two exchanges

    The U.S. Treasury has sanctioned Iranian crypto exchanges Shelbit and Aban Tether, citing their role in helping Iran move money outside the traditional banking system and aiding sanctioned entities in evading restrictions, as stated in a Treasury press release. The sanctions extend the U.S. government’s ongoing campaign against Iran’s crypto finance network, which previously targeted exchanges like Nobitex and wallets linked to Iran’s central bank. According to the Treasury, IRGC-linked wallets have transferred significant amounts of crypto to exchanges associated with Iran, including Shelbit and Nobitex, with billions of dollars involved in related transactions. The move highlights the U.S. government’s efforts to curb Iran’s use of cryptocurrencies and shadow banking networks amid ongoing tensions with Iran.

  17. ALLCointelegraph

    Circle expands USDC to OKX ecosystem with X Layer launch

    Circle has expanded the availability of its USDC stablecoin to OKX’s Ethereum layer-2 network, X Layer, which is compatible with the Ethereum Virtual Machine (EVM), allowing Ethereum-based applications to operate there with minimal adjustments. The launch includes access to Circle’s Cross-Chain Transfer Protocol (CCTP), enabling USDC to transfer between X Layer and other blockchains by burning tokens on the source chain and minting them on the destination chain. This integration supports various use cases such as payments, decentralized finance lending, trading, and cross-chain transfers, and eligible businesses can access USDC through Circle Mint. The move brings USDC, which is the second-largest stablecoin by market capitalization, into the ecosystem of OKX, a major cryptocurrency exchange with over $975 million in recent spot trading volume.

  21. BITCOINCoinDesk

    OKX's Rafique doubts Clarity Act will pass, warns optimism is already priced into bitcoin

    Haider Rafique of OKX expressed skepticism that the Clarity Act will pass in Congress this year, citing political incentives that favor the bill's failure ahead of the midterm elections. He warned that most of the positive impact of the legislation is already reflected in bitcoin's current price, with only modest upside if it passes and a potential sharper decline if it does not. Rafique also highlighted ongoing plans to expand OKX’s partnership with Intercontinental Exchange, including launching tokenized equities and additional derivatives. Despite his doubts about the bill's passage, he considers it critical for the future of the U.S. digital asset industry and emphasized the importance of regulatory clarity to retain entrepreneurial activity within the U.S.