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CRYPTO NEWS ARCHIVE

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

  3. ALLCointelegraph

    South Korea report proposes stablecoin rules before crypto law

    A policy report published by Hashed Open Research and the Solana Policy Institute suggests South Korea should implement interim licensing guidance and allow greater flexibility for stablecoin issuers before finalizing the Digital Asset Basic Act, which would establish a comprehensive framework for digital assets. The report, based on a June 23 symposium involving lawmakers, legal experts, and industry participants, notes that disagreements over stablecoin issuance have delayed the legislation. It recommends that South Korea clarify which crypto activities financial institutions can conduct, resolve licensing uncertainties for stablecoin payments, and set rules for foreign-issued stablecoins, following examples like the European Union’s phased approach with MiCA. A lawmaker indicated that there is consideration of a compromise where banks would retain majority ownership, while fintech and non-bank firms would manage operations.

  4. ALLCointelegraph

    US sanctions Iranian maritime firm, says it accepted Bitcoin to evade restrictions

    The US Treasury has sanctioned two Iranian maritime firms, Persian Gulf Marine Insurance Company and HormuzSafe Marine Services Authority, accusing them of operating an IRGC-backed insurance network that generated revenue for Iran’s Islamic Revolutionary Guard Corps (IRGC). The Treasury's Office of Foreign Assets Control (OFAC) stated that HormuzSafe accepted Bitcoin and other digital assets to evade sanctions, with earlier reports suggesting Iran was considering a Bitcoin-based maritime insurance platform that could generate over $10 billion in revenue. While there was no onchain evidence of Bitcoin payments being made, Iran was reported to accept payments in Chinese yuan, Tether USDt, and Bitcoin for toll payments related to oil shipments through the Strait of Hormuz. OFAC also sanctioned eight companies linked to Iran’s shadow fleet and blocked eight vessels, as part of its ongoing efforts to restrict Iran’s financial activities connected to international shipping.

  9. ALLCointelegraph

    Binance.US to Attempt Prediction Markets Entry as CFTC-Licensed Entity, says CEO

    Binance.US plans to apply for a Designated Contract Market (DCM) license with the US Commodity Futures Trading Commission (CFTC) in August, according to its CEO Steve Gregory, to offer prediction markets services. The license would enable the exchange to legally trade futures or option contracts based on various underlying assets, and would require compliance with 23 core principles outlined by the CFTC. As of now, there are no records indicating that Binance.US has a pending DCM application, and the company did not immediately comment when asked. This move comes more than a year after the SEC dismissed its lawsuit against Binance and its US entity.

  11. ALLCointelegraph

    ARK Analyst Says Crypto Entering Biggest Consolidation Phase

    According to ARK Invest analyst Lorenzo Valente, the cryptocurrency industry is entering its largest consolidation phase to date, with revenue increasingly concentrated among a few dominant protocols, such as Hyperliquid, Pump.fun, and Ethena, which together account for nearly 80% of total crypto application revenue. He explained that investors are becoming more selective, making it difficult for weaker projects and exchanges to attract capital, leading to project shutdowns, mergers, acquisitions, and bankruptcies. Recent exchange closures, including BitMEX and BitMart, exemplify the ongoing consolidation trend, while acquisitions like Bybit's stake in NOBI further indicate industry restructuring. Valente characterized this consolidation as "extremely bullish" despite the shakeout, expecting the trend to accelerate in coming months.

  12. ALLCointelegraph

    Tennessee County Passes Another Ban on Crypto Operations

    The Hawkins County Commissioners in Tennessee unanimously approved a second ban on crypto operations, specifically prohibiting the establishment, construction, expansion, and operation of crypto mining facilities and data centers in unincorporated areas, as reported by Cointelegraph. This measure follows a previous ban in September 2025, and a January resolution affirming the county’s authority to enforce such restrictions. Additionally, Tennessee enacted a law in April that made the use and installation of cryptocurrency ATMs and kiosks illegal starting July 1, citing concerns over scams targeting residents, especially seniors. These actions represent ongoing efforts by Tennessee officials to regulate crypto-related activities within the state.

  13. ALLCointelegraph

    US Prosecutors Propose Changes to CLARITY as Voting Window Narrows: Report

    US organizations representing law enforcement officials have proposed amendments to the CLARITY Act, which is part of the broader cryptocurrency market structure bill under Senate consideration, according to a Tuesday Politico report. The proposed changes aim to modify provisions related to developers, specifically seeking to prevent the creation, expansion, or modification of criminal liability under Federal law for developers. White House crypto adviser Patrick Witt stated that these provisions are not aligned with the Trump administration's stance and suggested that negotiations on this matter are not yet productive. The bill faces opposition from many Democrats over ethics issues related to President Trump's crypto investments, and with the Senate scheduled for a recess from August 7 to September 14, lawmakers have a limited window to pass the legislation.

  16. ALLCointelegraph

    Binance launches regulated gold, silver options in Abu Dhabi

    Binance is launching USDT-settled options on gold and silver via its Abu Dhabi-regulated exchange, expanding its traditional financial product offerings alongside cryptocurrencies, according to Cointelegraph. The contracts, listed through Nest Exchange Limited, allow traders to gain exposure to gold and silver price movements without the need to take delivery of the metals, with retail users restricted to buying options and institutional users able to write contracts to collect premiums. This move builds on Binance’s previous introduction of gold and silver perpetual futures in January and adds to the growing list of commodity-linked crypto products, including tokenized gold like Tether’s XAUt, which has achieved Shariah certification and recognition as an accepted spot commodity by ADGM. The tokenized commodities market has reportedly grown to about $4.56 billion in distributed value, with Tether Gold and Paxos Gold leading the sector.

  17. ALLCointelegraph

    MoonPay vault enables Chat

    MoonPay has introduced PayBox, a payment vault that allows ChatGPT and Claude users to authorize crypto transactions—including token swaps, cross-chain transfers, and DeFi interactions—within conversations, while maintaining control over their funds. The platform employs multi-party computation and trusted execution environments to secure wallet keys, preventing both the AI and MoonPay from independently accessing user funds. Users can approve each transaction with a passkey or set predefined spending limits for automated actions, and PayBox supports multiple blockchains and payment methods such as debit cards, bank accounts, Apple Pay, and PayPal. Additionally, PayBox is compatible with x402, an open payment protocol that enables AI agents to process internet-native payments, with growing activity reported on Coinbase’s Base network, as noted by Chainalysis.

  24. ALLCointelegraph

    BNY Launches Blockchain Transfer Agency Platform

    BNY is launching a blockchain-based transfer agency platform to move fund ownership records onchain, aiming to modernize a function that manages investor transactions and ownership records for funds. The bank's digital asset expansion includes progress under the EU’s MiCA framework, with plans to create a shared source of information for market participants, reducing reliance on multiple databases and manual reconciliation. The transfer agency services cover approximately $8.6 trillion in assets across 7.6 million accounts, and the new platform will operate alongside traditional services. Early users include asset manager Baillie Gifford, which intends to use the platform for a tokenized fund, and BlackRock’s cash management business is also expected to participate. BNY has not disclosed which blockchain network will support the platform.