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CRYPTO NEWS ARCHIVE

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

  1. ALLCoinDesk

    Senate won't vote on crypto Clarity Act before its summer break

    The U.S. Senate will not vote on the crypto market structure bill, known as the Clarity Act, before the August recess, but a vote is planned for September when the Senate reconvenes, according to Senate Majority Leader John Thune. Unresolved issues, particularly related to ethics provisions and political disagreements, have delayed the legislation, with some senators expressing opposition and concerns about language in the bill. Senators from both parties have yet to reach a consensus on key points, including provisions related to President Trump and law enforcement, and the bill requires 60 votes for success. While the Senate will proceed with votes on other issues before the recess, the Clarity Act remains pending, with a potential procedural vote possible after the Senate returns in September (Thune indicated that the vote could be as early as September 15).

  3. ALLCoinDesk

    Power struggle erupts at Ondo Finance after founder’s death

    A legal dispute has arisen at Ondo Finance following the death of founder Nathan Allman, with his estate accusing former President and current CEO Ian De Bode of unlawfully seizing control of the company. The estate claims that De Bode improperly claimed the CEO role and made corporate decisions without proper authority after Allman's death, which the estate argues was invalid according to the company's bylaws. Kathleen Allman, Nathan Allman's mother, has expanded the board and voted to remove De Bode from his positions, seeking to stabilize governance during probate proceedings. The lawsuit aims for a court to determine the rightful control of the company and to maintain the status quo until a resolution is reached, with the court not yet having ruled on the allegations.

  5. BITCOINCointelegraph

    Bitcoin ETF inflows surge after Coldcard hack, but link is unclear: Bloomberg analyst

    Demand for US spot Bitcoin ETFs has increased significantly over the past week, with roughly $620 million in inflows recorded since the Coldcard wallet hack, according to Bloomberg senior ETF analyst Eric Balchunas, although he noted that a direct link between the two cannot be confirmed. The Coldcard exploit resulted in the loss of more than $116 million worth of Bitcoin from over 5,200 wallets. The incident has intensified ongoing debates about the risks of self-custody versus holding Bitcoin through regulated ETFs, with some suggesting that centralized storage may now be statistically safer, as highlighted by Binance co-founder Changpeng “CZ” Zhao. The rise in ETF inflows occurs amid concerns over operational and security risks associated with self-custody and increasing sophistication in cyberattacks, including AI-assisted exploits.

  6. ALLCointelegraph

    US appellate court mandate affirms Sam Bankman-Fried conviction

    The US Court of Appeals for the Second Circuit has upheld the conviction and 25-year prison sentence of former FTX CEO Sam Bankman-Fried, following its June 12 ruling that confirmed his guilt on seven felony counts. The court also dismissed his claims that FTX had sufficient liquidity to protect investors and upheld an $11 billion forfeiture order, stating that Bankman-Fried's transfer of customer funds to Alameda constituted fraud regardless of his intentions to repay later. The formal mandate now limits Bankman-Fried's options for early release, with no current plans from then-President Donald Trump to issue a pardon and a recent Senate resolution opposing clemency.

  11. ALLCointelegraph

    Step App winds down after four years as FITFI token sinks

    According to Cointelegraph, the move-to-earn project Step App will cease its services by August 21 after operating for four years. The project's FITFI token is reported to be trading 99.9% below its all-time high. These developments suggest a significant decline in the project's activity and token value.

  18. BITCOINCoinDesk

    Bitcoin’s low volatility doesn’t necessarily mean low risk

    According to CoinDesk, Bitcoin's implied volatility has dropped to a long-held floor of 36%, indicating a period of steadiness, but this does not necessarily imply low risk. Experts like Adam Haeems caution that low volatility can encourage traders to take on larger positions, which may lead to increased price swings if the market moves suddenly. Additionally, demand for downside protection and upside bids has weakened, suggesting the market is near a lower price range for this cycle. Meanwhile, positive regulatory news, such as potential institutional ETF inflows, could serve as a catalyst, whereas geopolitical and economic risks remain as potential negative factors.

  19. ALLCoinDesk

    Free Markets and Innovation, Sort Of

    The Journal’s editorial board rejects crypto competition and instead misinterprets Clarity, a pro-innovation, pro-competition, and pro-consumer bill, argues the Blockchain Association's Summer Mersinger.

  24. ALLCointelegraph

    Russian president signs crypto law, core rules take effect in 2026

    Russian President Vladimir Putin has signed a law titled “On Digital Currencies and Digital Rights,” which creates a regulated framework for cryptocurrency markets in Russia, according to official records from the State Duma. The legislation establishes rules for market participants such as exchanges, brokers, and custodians, requiring exchange operators to meet regulatory standards and join a financial market self-regulatory organization. It restricts retail investors to purchasing approved crypto assets through intermediaries, with an annual cap of 300,000 rubles ($3,700), while qualified investors may buy any cryptocurrency without restrictions. The core provisions of the law will come into effect on September 1, 2026, with some measures scheduled for July 1, 2027, and the law maintains a ban on using crypto assets for payments within Russia.