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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

    Hackers steal $31.6M in 2 crypto bridge attacks within 7 hours

    Within a span of seven hours, hackers stole over $31.6 million through two separate crypto bridge exploits, targeting the AFX and Verus Protocol bridges. The AFX bridge, operating on Arbitrum, lost approximately $24.15 million in a hack detected by Blockaid, while the Verus Ethereum bridge was exploited for around $7.5 million, including various cryptocurrencies such as Ether, USDC, and USDT. These incidents highlight ongoing security vulnerabilities in cross-chain bridges, which are critical for moving assets between different blockchains. The Verus attack appears similar to a previous incident in May that resulted in a loss of $11.58 million, using the same attack method. Officials, including SunSec and Stephen Goldfeder, have noted that the exploit may be linked to compromised keys rather than smart contract bugs.

  4. ALLCointelegraph

    S&P Unveils Digital Asset Index Tracking Blockchain Fundamentals

    S&P Dow Jones Indices and Pantera Capital launched a digital asset index that tracks blockchain networks based on protocol revenue, offering an alternative to traditional market cap-weighted crypto indexes, according to Cointelegraph. The index includes assets meeting minimum thresholds for protocol revenue, market capitalization, and liquidity, with holdings weighted by aggregate protocol revenue over the past two quarters and rebalanced quarterly. It initially comprises 18 constituents, with Ether, BNB, Solana, TRON, and Hyperliquid as the largest holdings; Bitcoin and XRP are notable non-constituents due to the revenue-based selection criteria. The index is designed for institutional use and aims to differentiate established blockchain activity from speculative exposure. This development follows broader industry efforts to create institutional-grade benchmarks amid expanding crypto offerings.

  6. ALLCointelegraph

    Crypto PAC pours $1M into Michigan Democratic primary race

    An affiliate of the crypto-aligned political action committee (PAC) Fairshake, called Protect Progress PAC, has spent over $986,000 on media supporting Democratic incumbent Shri Thanedar and opposing his challenger Donavan McKinney in Michigan’s 13th congressional district primary, set for August 4. The PAC, which reported having a war chest of $191 million, previously supported Thanedar in 2024, and aims to influence elections in key districts with pro-crypto candidates. Thanedar has a voting record that includes supporting crypto-related bills such as the CLARITY Act, GENIUS Act, and the Promoting Innovation in Blockchain Development Act. McKinney claimed that the crypto lobby is supporting Thanedar because of his vote for bills aligned with industry interests, and noted that Thanedar invested over $600,000 of campaign funds into crypto companies.

  7. ALLCointelegraph

    US officials barred until 2029 from issuing or sponsoring tokens under CLARITY’s proposed ethics rules

    The proposed CLARITY Act, released by Senate Republicans, includes language that would prohibit all US federal officials, including President Trump, from issuing or sponsoring digital assets until January 20, 2029, the end of Trump’s second presidential term. The act's ethics provisions also extend to officials' spouses and crypto platforms listing assets issued or sponsored by federal officials, with enforcement primarily handled by the US Attorney General. Senator Cynthia Lummis describes the ethics measures as the most comprehensive in history, emphasizing their uniform application to all officials. However, support in the Senate may be uncertain, as some Democrats have expressed opposition without stronger ethics language, particularly regarding officials' children involved in crypto ventures. The bill awaits a vote in the Senate, which may occur next week regardless of full bipartisan support.

  8. ALLCointelegraph

    Anthropic Brings Claude AI to UK FCA’s Regulatory Sandbox

    Anthropic has joined the UK Financial Conduct Authority's (FCA) second Supercharged Sandbox cohort, providing its Claude AI models to participating financial firms, including Scottish Widows, Money Advice Trust, and TrueLayer. The program aims to facilitate the safe development of AI applications in financial services, with participants gaining access to Claude, Claude Code, and Claude Cowork for testing use cases such as payments, fraud detection, and compliance automation. The FCA reported receiving 199 applications for this cohort, a 51% increase from the first round, indicating growing interest in regulated AI experimentation. The initiative is supported by partnerships with NVIDIA and NayaOne, providing infrastructure and development tools, alongside a 10-week Agentic Academy to help firms develop AI agents.

  9. DEFICointelegraph

    SEC’s Peirce says crypto vaults and onchain lending may fall under securities laws

    SEC Commissioner Hester Peirce indicated that crypto vaults, onchain lending products, and other asset management tools may be subject to US securities laws depending on their structure and operation, particularly if they involve discretionary decision-making such as asset allocation or setting lending terms. She noted that some vaults could be considered securities offerings or investment companies, and those managing vault strategies might trigger investment adviser requirements. Peirce emphasized that activities falling within securities laws onchain are not automatically excluded from regulatory scope and advised developers to consult the SEC if their products may be under its jurisdiction. The expansion of crypto vaults and onchain yield products has occurred amid increased regulatory scrutiny.

  10. ALLCointelegraph

    Digital Chamber Sues Illinois Officials over 0.2% Crypto Tax

    The Digital Chamber, a cryptocurrency advocacy group, is suing Illinois over the state's 0.2% crypto transaction tax set to go into effect in 2027, claiming it is "facially invalid" and was added to the budget without public debate. The lawsuit, filed in Sangamon County court, argues that the tax unfairly discriminates against digital asset transactions regardless of whether gains are realized or ownership is transferred. The tax requires crypto brokers to impose the fee or face potential prison time and fines, following the signing of the Illinois state budget bill by Governor JB Pritzker in June. The organization states that the tax treats digital asset ownership differently based on how it is recorded or transferred.

  11. ALLCointelegraph

    BitGo, OTC Markets Target Broker-Dealers with Digital Asset Access

    BitGo and OTC Markets Group plan to collaborate on digital asset trading and custody infrastructure for over 150 broker-dealers utilizing OTC Link ATS, a regulated trading system. The partners aim to enable these broker-dealers to quote, trade, and settle digital asset securities using existing US equity market infrastructure, with BitGo Bank & Trust acting as custodian and settlement facilitated through BitGo’s Go Network. The framework is initially focused on digital asset securities but may expand to include tokenized assets and commodities as regulatory clarity develops. This move is part of a broader trend of traditional financial institutions exploring tokenization, with analysts predicting that the value of tokenized real-world assets could reach up to $4 trillion by 2030.

  13. DEFICoinDesk

    SEC's Peirce warns some De

    The commissioner said onchain vaults and lending strategies could resemble investment funds or advisers, depending on how they are structured.

  18. ALLCointelegraph

    Agentic AI is Next ‘Killer’ Use Case for Blockchain: Franklin Templeton

    Franklin Templeton’s head of digital assets and innovation, Sandy Kaul, stated that AI agents are expected to become a significant use case for blockchain and cryptocurrency, as they will increase demand for protocols capable of hosting machine-to-machine micropayments. Kaul highlighted that networks such as Aptos, Solana, and BNB Chain are better suited for this purpose due to their faster transaction settlement times compared to the traditional Visa network. A joint report from Visa and Artemis indicated that existing card networks are inadequate for AI agents, which require infrastructure with near-zero fees and quicker settlement. The report also noted that the x402 payment protocol by Coinbase has processed over $15 million across more than 109 million transactions since its launch in May 2025.

  20. ALLCointelegraph

    Zilliqa Ledger App Vulnerability Lets Attackers Recover Private Keys

    Zilliqa has warned users of a vulnerability in the Zilliqa Ledger app that could allow attackers to recover private keys by exploiting weakly generated ephemeral nonces, according to a statement on X. The company stated that protective measures are in place and a coordinated remediation plan is being finalized, and users who signed at least five transactions with a Ledger device are considered compromised and advised to await further guidance before acting. The alert follows a previous security issue that led Zilliqa to temporarily pause deposits and withdrawals after an undisclosed amount of ZIL was stolen from a cold wallet. Zilliqa said it will release a corrected app version in coordination with Ledger, and transactions through EVM-compatible tools were not affected. The ZIL token has decreased in value by 1.5% over the past 24 hours and 17% over the past week, trading above $0.0024 at publication.

  22. ALLCointelegraph

    DOJ Seeks Forfeiture of $25M in Crypto Tied to Global Scam Networks

    The US Department of Justice is pursuing over $25 million in cryptocurrency related to international scams involving romance schemes, investment fraud, and money laundering, according to Cointelegraph. The complaints involve investigations by the Cyber Fraud Task Force, which identified laundering networks mainly in Southeast Asia, with related IP addresses in China, Malaysia, and Cambodia. The largest case seeks about $12.1 million linked to romance scams that affected over 200 victims, while another involves $10.4 million from more than 270 suspected transactions. These enforcement efforts come amid broader international operations, such as Interpol’s Operation First Light 2026, which targeted social engineering scams and their laundered proceeds.