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CRYPTO NEWS ARCHIVE

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

  1. ALLCointelegraph

    Exodus to cut 25% of staff in company reorganization

    Exodus announced it will cut 25% of its workforce to align its organizational structure with its strategy to develop a full-stack card issuance and payments platform, following its acquisitions of Monavate and Baanx, which aim to reduce reliance on third-party services, including stablecoin payments. The company expects to recognize pre-tax charges of approximately $2.5 million to $3.5 million related to severance and personnel costs. The restructuring is projected to generate between $10 million and $13 million in annualized cash operating expense savings, with full benefits anticipated in 2027. As of December 31, Exodus had 215 full-time employees, suggesting that around 54 workers may be affected by the layoffs. Since markets opened on Monday, Exodus's stock on the NYSE (ticker: EXOD) has decreased by more than 8% to $4.62.

  2. ALLCointelegraph

    Bitmine grows treasury to 5.78M ETH as Ether outpaces Bitcoin

    Bitmine announced that its Ether holdings have increased to 5.78 million ETH, representing approximately 4.8% of Ethereum’s circulating supply, after adding 7,430 ETH over the past week. The company noted that about 85% of its ETH, roughly 4.9 million tokens, is currently staked via its validator network and partners. In addition, Bitmine's total valuation, including crypto, cash, and securities, stands at about $11.5 billion, and the company repurchased 5.5 million shares during the week under its $4 billion buyback program. Ethereum has outperformed Bitcoin over the past week and month, gaining about 6.7% and 10%, respectively, compared to Bitcoin’s gains of around 5.8% and 2.6%.

  3. ALLCointelegraph

    Hut 8, IREN deals lift AI-focused Bitcoin mining stocks

    Shares of Bitcoin mining companies, including Hut 8 and IREN, rose at least 11% on Monday after the companies announced significant AI infrastructure deals, with Hut 8 revealing a $9.8 billion lease for an AI data center campus and IREN reporting $2.8 billion in cloud services contracts with AI developers, according to Cointelegraph. Both companies, which originally focused on Bitcoin mining, are transitioning into AI infrastructure and cloud computing as their traditional mining economics weaken, with IREN projecting over $4 billion in annual recurring revenue from its AI cloud business by 2026. The broader TEM AI Infrastructure Growth Index increased 1.4% on Monday, reflecting this sector rally, which also aligned with gains in technology shares such as the Nasdaq Composite and the Philadelphia Semiconductor Index. Despite the sector’s growth, there are concerns over insider stock sales and the substantial capital investment required, with estimates indicating an additional $50 billion needed for the industry to fully realize its AI ambitions, and IREN facing a funding gap of approximately $21.1 billion, as noted by Blocksbridge Consulting.

  4. ALLCointelegraph

    Nigerian president signs order on approach to crypto regulation, taxes

    Nigerian President Bola Ahmed Tinubu has signed an executive order to better coordinate digital asset regulation in Nigeria, aiming to harmonize policies and protect citizens from fraud, as stated by his adviser Bayo Onanuga. The order establishes a virtual asset council led by top financial regulators to oversee related policies, without creating a new regulator or transferring powers, and mandates registration based on the type of activity and asset. Nigeria, which has experienced significant growth in digital asset adoption, particularly in cryptocurrencies and stablecoins, accounts for about 60% of stablecoin inflows within sub-Saharan Africa since 2019, with approximately $59 billion in crypto inflows from July 2023 to June 2024, according to the IMF. Meanwhile, Nigeria’s tax authority has already introduced reforms requiring crypto service providers to link transactions to tax and national identification numbers, with further details expected from the Nigerian Revenue Service.

  5. ALLCointelegraph

    Bernstein raises Robinhood target on tokenization outlook

    Analysts at Bernstein have increased their price target on Robinhood (HOOD) stock to $160 from $130, citing future growth driven by tokenized equities and prediction markets, which they see as Robinhood's key growth segments. They forecast prediction markets to generate $1.7 billion in revenue by 2028, growing at a 64% compound annual rate, and see tokenized equities as a significant long-term opportunity supported by Robinhood's blockchain infrastructure, including its Robinhood Chain layer-2 network. Bernstein projects that the value of on-chain real-world assets will grow to between $2 trillion and $4 trillion by 2030, with tokenized equities expected to play an increasing role. The report comes amid an expansion of infrastructure for tokenized securities, with institutions like Alpaca and Broadridge integrating tools to support governance and disclosures for tokenized assets, and recent partnerships such as Securitize with Cantor Fitzgerald advancing blockchain-based offerings. Currently, tokenized stocks have a market value nearing $2 billion this year, according to RWA.xyz.

  6. ALLCointelegraph

    IREN jumps 16% after raising AI cloud revenue target above $4

    Shares of Bitcoin miner IREN increased approximately 15.7% after the company raised its year-end AI cloud revenue target to over $4 billion, supported by $2.8 billion in new multi-year contracts with AI developers, including Microsoft, Nvidia, Perplexity, and Figure AI. About 85% of this revised revenue target is now under contract. IREN plans to expand its AI cloud capacity to 480 megawatts in 2026, up from about 3 MW in the previous year, with a target of 1.2 gigawatts for 2027. The company indicated that demand from hyperscalers, enterprises, and AI developers exceeds its capacity, and recent agreements include prepayments covering roughly 45% of GPU capital expenditures. This move aligns with Bernstein’s assessment that IREN’s AI cloud business could become its primary revenue driver as it diversifies from Bitcoin mining infrastructure.

  10. BITCOINCointelegraph

    Peter Brandt Predicts Exact Day Bitcoin’ Bear Market Will Be Over

    Veteran trader Peter Brandt predicts that Bitcoin's market cycle bottom will occur on October 4, 2026, although he acknowledges that pinpointing an exact day is challenging. He believes Bitcoin could fall below $50,000, potentially into the high-$40,000 range, before reaching this low point, which he considers to be part of an 80% correction based on historical bear markets. Brandt notes that markets tend to bottom during times of panic and volume rather than neutral sentiment, and he remains skeptical of current optimism suggesting Bitcoin has already hit its cycle bottom. He forecasts Bitcoin reaching a peak between $250,000 and $300,000 by 2029, implying a gradual climb before 2030.

  12. BITCOINCointelegraph

    Strategy Boosts US Cash Reserve to $3.2B After MSTR Sale

    Strategy, the largest corporate holder of Bitcoin with 843,775 BTC acquired at an average cost of $75,476 per coin, did not make any Bitcoin purchases or sales in the recent reporting period, leaving its holdings unchanged. Between July 13 and July 19, the company raised $263.5 million through the sale of MSTR common stock under its at-the-market program, increasing its US dollar reserve to $3.225 billion, a 7.5% rise from a week earlier. The company has about $23.5 billion remaining capacity under its common stock ATM program for future capital raising. Investors continue to debate the valuation of its STRC preferred stock, which closed at $85.29, with some analysts suggesting it may be undervalued based on its dividend yield and the company's ability to support dividend payments over time.

  14. DEFICointelegraph

    Hyperliquid sets 500,000 HYPE stake for permissionless prediction market deployers

    Hyperliquid plans to require developers to stake 500,000 HYPE tokens, valued at approximately $30.4 million, for deploying permissionless prediction markets under HIP-4, according to Cointelegraph. The proposal aims to introduce permissionless market deployment initially on testnet, with expansion to mainnet in future network upgrades. Validators will vote on outcome templates, with each deployer limited to 100 outcomes initially, and stakes will be locked for six months. The system includes a slashing mechanism that can reduce stakes if markets are poorly defined or incorrectly settled, with stakes potentially being slashed through validator votes.

  15. ALLCointelegraph

    Vietnam to Fine Crypto Traders Using Unlicensed Platforms

    Vietnam has implemented new penalties for unlicensed cryptocurrency activities, including fines of up to 50 million Vietnamese dong ($1,900) for trading through unlicensed platforms and up to 200 million dong ($7,700) for unapproved crypto offerings and AML violations, according to Decree No. 284/2026/NĐ-CP issued last Thursday. The decree, which takes effect on September 1, also empowers authorities to suspend crypto-related activities, revoke licenses, and confiscate assets. This measures add an enforcement framework ahead of the country’s planned launch of a regulated crypto market, with domestic license applications having opened in January. Vietnam, ranked fourth globally in Chainalysis’ 2025 Global Crypto Adoption Index, saw Vietnamese traders move over $220 billion in digital assets between July 2024 and June 2025.

  16. ALLCointelegraph

    Zilliqa Investigates ZIL Theft After Suspected Exchange Wallet Breach

    Zilliqa announced that exchanges have paused deposits and withdrawals of its native token, ZIL, following a suspected theft from a cold wallet of an exchange partner. The company is currently investigating the security incident but has not disclosed the amount stolen or identified the affected exchange. Zilliqa stated it is taking precautions while the investigation continues and will provide further updates once verified information is available. The incident comes amid ongoing concerns about security in the crypto space, with ZIL trading at around $0.0025 at the time of the report.

  20. BITCOINCointelegraph

    Capital B Approves Reverse Stock Split to Broaden Investor Base

    Capital B, Europe's second-largest Bitcoin treasury company, announced a 10-for-1 reverse stock split to broaden its institutional investor base, reducing its shares from approximately 300.7 million to 30.1 million. Each new share will have a par value of 0.80 euros ($0.90), up from 0.08 euros, and the conversion will occur automatically on September 8 without affecting the total value of investors' holdings. The company stated that the move aims to support its institutional development and attract a wider pool of investors. Capital B holds 3,139 Bitcoin, while Germany’s Bitcoin Group SE holds the most among European companies with 3,605 BTC, according to Bitcoin Treasuries.

  21. ALLCointelegraph

    Russia Advances Crypto Regulation Bill for Final Vote

    Russia's State Duma is scheduled to hold the final readings on the crypto regulation bill, titled “On Digital Currency and Digital Rights,” on Tuesday, according to Anatoly Aksakov. The draft legislation includes limits for non-qualified investors and higher limits for qualified investors, covering crypto purchases and transfers abroad, with main provisions expected to take effect on September 1 if approved. The bill aims to establish a legal framework for cryptocurrency activity in Russia and create legal conditions for using crypto assets, including rules for cross-border trade and investor activities. The legislation also aims to enable companies involved in supplying goods to Russia to use cryptocurrencies without excessive restrictions, as stated by Aksakov.

  22. ETHEREUMCointelegraph

    Grayscale plans regular cash payouts from ETH, SOL staking rewards

    Grayscale plans to establish regular cash distributions from staking rewards generated by its Ether (ETH) and Solana (SOL) exchange-traded products (ETPs), with amendments to trust agreements expected around August 7. These changes will require the trusts to convert staking rewards into cash at least quarterly and distribute net proceeds to shareholders, making staking returns more accessible without requiring direct crypto management. The distributions will depend on the staking rewards earned during each period and the expenses deducted, with no fixed payout amounts or guarantees of consistency. The amendments aim to ensure compliance with IRS rules that allow the funds to earn staking rewards without losing their current tax treatment.