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CRYPTO NEWS ARCHIVE

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

  1. ALLCointelegraph

    More MiCA-Licensed Crypto Firms Could Leave EU Market: Gate Europe CEO

    Giovanni Cunti, CEO of Gate Europe, has stated that some MiCA-licensed crypto firms may struggle to sustain the increasing compliance costs as Europe enforces its new regulatory regime, potentially leading to exits from the market. He noted that stricter regulatory requirements make it more challenging for new entrants to compete and that some licensed firms might be unable to maintain operations long-term due to resource constraints. Cunti also suggested that the regulatory environment could incentivize some crypto projects to relocate outside Europe to jurisdictions with fewer restrictions. Despite the slower growth in the number of authorized companies, he highlighted a shrinking market that presents opportunities for remaining providers, as the industry consolidates.

  3. ALLCointelegraph

    UK Inquiry Probes Banking Barriers Facing Crypto Firms

    A UK parliamentary group called the Crypto and Digital Assets All-Party Parliamentary Group (APPG) has launched an inquiry to investigate banking restrictions on crypto firms and consumers, focusing on their impact on investment, competition, and economic growth. The group is examining whether current restrictions are proportionate and has requested written submissions from banks, payment providers, crypto firms, and other stakeholders until August 31. A January survey by the UK Cryptoasset Business Council found that 10 crypto exchanges reported that banks blocked or delayed 40% of transactions to crypto platforms, and 70% of respondents indicated that such restrictions reduced their willingness to invest, expand, or hire within the UK. The inquiry precedes the Financial Conduct Authority's plans to accept license applications from crypto firms starting September 30.

  4. BITCOINCointelegraph

    Bitcoin ETFs post 5-day inflow streak, longest since May

    US spot Bitcoin ETFs experienced their fifth consecutive day of net inflows, totaling approximately $227 million, which is the longest streak since early May, according to data from SoSoValue. Over the five-day period, inflows reached about $727.3 million, and Monday saw the strongest daily inflows since July 6. The inflows have reduced year-to-date net outflows for US spot Bitcoin ETFs to below $5 billion. Simon-Peter Massabni of XS.com noted that while the inflows suggest easing selling pressure, a sustained uptrend might require Bitcoin to break and hold above the $65,000–$65,500 range. At the time of reporting, Bitcoin was trading at $65,879, up 3.3% in the past 24 hours, according to CoinGecko.

  6. ALLCointelegraph

    Base’s 1:1-backed tokenized equities launch ‘imminent,’ Pollak says

    Jesse Pollak, creator of Coinbase’s Ethereum layer-2 network Base, indicated that the launch of 1:1-backed tokenized equities on Base is imminent, with the platform still finalizing details. Pollak noted that while Robinhood Chain, another Ethereum layer 2, has successfully implemented tokenized equities, Base is slightly behind but expected to launch very soon. This development aligns with Base’s shift from focusing on social products to emphasizing financial applications such as trading, payments, AI agents, and tokenized assets. The information was shared on X and confirms that the platform is making progress toward its tokenized equities initiative.

  7. ALTCOINSCointelegraph

    Grayscale files S-1 for first US Worldcoin ETF

    Grayscale has filed an S-1 registration statement for its first US Worldcoin ETF, which aims to list on Nasdaq under the symbol GWLD, according to the preliminary prospectus. The ETF would provide investors exposure to the WLD token, an ERC-20 token on the Ethereum blockchain associated with the World project, which uses biometric verification to distinguish humans from bots and was founded by OpenAI CEO Sam Altman. BitGo Bank & Trust would handle custody of the WLD token, with BNY Mellon acting as administrator and transfer agent, and CSC Delaware Trust Company serving as trustee. The filing does not specify details regarding management fees, seed investment, authorized participants, or liquidity providers, and this ETF would be part of Grayscale’s portfolio of 17 crypto-related exchange-traded products.

  8. ALLCointelegraph

    Celsius Co-Founders Leon, Goldstein to Pay FTC Over $6M

    Celsius co-founders Shlomi Daniel Leon and Hanoch “Nuke” Goldstein have been ordered to pay over $6 million to settle FTC charges that they misrepresented the safety of the Celsius platform prior to its 2022 collapse, which left users owed $4.7 billion. Goldstein, former CTO, is to pay $2.014 million, and Leon, the former chief strategy officer, is to pay $4.1 million; these amounts will be credited toward a broader $4.72 billion FTC judgment. The FTC also banned Leon from marketing or selling products used for cryptocurrency transactions and Goldstein from selling retail crypto-related products. The settlement follows a $10 million FTC settlement in April with former CEO Alex Mashinsky, who is also subject to a 12-year prison sentence for securities fraud. The judgments aim to address alleged consumer harm stemming from Celsius's false claims about reserves, insurance policies, and the safety of customer deposits.

  9. ALLCointelegraph

    LSE Eyes Overnight Trading Launch in 2027: FT

    The London Stock Exchange plans to launch a night-time trading venue in the first half of 2027, operating separately from its main market from 5:00 pm to 7:50 am London time, according to a report from the Financial Times. The venue will initially provide access to exchange-traded products tracking UK and US stock markets, while the main market will continue to operate from 8:00 am to 4:30 pm. LSE CEO Julia Hoggett mentioned that there is growing interest from retail traders to use London for exposure to UK and global assets due to its time zone. This development is part of a broader trend among global exchanges offering or planning nearly 24-hour trading, amid increasing competition from crypto markets and tokenized equity platforms.

  10. ALLCointelegraph

    White House Crypto Adviser Stays on as CLARITY Nears Senate Vote

    Patrick Witt, the White House’s top crypto adviser, announced that he will defer his military training to remain at the White House and help advance the CLARITY Act in the Senate, according to a post on X. The legislation aims to establish the first comprehensive U.S. regulatory framework for cryptocurrencies and faces a deadline before the August recess, with Witt serving as the lead negotiator. Witt had previously deferred similar military training in April to focus on the legislation, marking the second deferment. His continued presence at the White House coincides with Harry Jung's departure from his role at the President’s Council of Advisors for Digital Assets.

  11. ALLCointelegraph

    Democrats added certain consumer protection rules to CLARITY: Coinbase exec

    Cointelegraph reports that as the US Senate prepares to vote on the Digital Asset Market Clarity (CLARITY) Act, Democratic lawmakers have added consumer protection measures to strengthen the bill, according to Coinbase vice chair Ryan VanGrack. VanGrack emphasized that the focus is on customer protections, aiming to address current shortcomings in the crypto industry. The bill has gained support from President Biden's administration and is viewed as potentially the most comprehensive legislation affecting crypto, though the final text and a vote have not yet been scheduled. There is ongoing debate around ethics provisions, which many Democrats believe are necessary for their support, and other political developments, including past legal actions against Coinbase and Trump’s comments on the bill, are also influencing its trajectory.

  12. ALLCointelegraph

    Tether Gold Gains ADGM Accepted Spot Commodity Status

    Tether Gold (XAUT) has been recognized as an Accepted Spot Commodity in the Abu Dhabi Global Market (ADGM), enabling firms there to offer services involving the tokenized gold asset, provided they meet regulatory requirements. This follows ADGM’s earlier acceptance of Tether’s USDt (USDT) as an Accepted Fiat Referenced Token, expanding the company's regulated product offerings in the region. Tether CEO Paolo Ardoino stated that the designation offers a clearer path for regulated firms to offer XAUT, while ADGM highlighted its support for business growth through expanded products and services. Data from DefiLlama shows Tether Gold’s total value locked (TVL) has increased from about $826 million to roughly $2.86 billion over the past year.

  13. ALLCointelegraph

    SEC Targets Mining Automatic in Alleged $22M Fraud Case

    The SEC has filed a lawsuit against Mining Automatic and its founder, Zan Shaikh, alleging they raised $22 million from over 380 investors by promising guaranteed crypto mining returns while spending only about 13% of the funds on mining operations. The complaint states that the company used investor money for marketing, personal expenses, and unrelated ventures, with the operation generating approximately $1.1 million from mining but paying out about $1.8 million in returns, which the SEC characterized as resembling a Ponzi scheme. Mining Automatic stopped paying investors by March 2025, and over $20 million in principal remains unpaid, with claims that some payments were funded with new investor funds. The SEC is seeking disgorgement, civil penalties, and measures to bar Shaikh from selling securities or serving as an officer in a public company.

  14. 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.

  15. 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%.

  16. 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.

  17. 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.

  18. 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.

  19. 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.

  23. 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.