CRYPTONEWS.CHIKOCORP.COM
Loading market data...

Source-backed coverage

CRYPTO NEWS ARCHIVE

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

  1. ALLCoinDesk

    Bolivia weighs adding Tether's USDT to its national payments system

    Bolivia is considering integrating Tether's USDT stablecoin into its national payments system as a regulated alternative alongside the boliviano and U.S. dollar. This move follows a significant increase in crypto usage after the central bank lifted transaction restrictions in mid-2024, with transaction volumes rising from $46.5 million to $294 million year-over-year. Economy Minister José Gabriel Espinoza indicated that a framework for banks, digital wallets, and payment providers is under technical review, but official adoption would require enhanced anti-money laundering measures due to Bolivia's ongoing Financial Action Task Force grey-list status. The proposal aligns with broader efforts to address dollar scarcity and follows initiatives like the state energy company's plan to use crypto for imports and Banco Unión's recent rollout of USDT purchases for international payments.

  2. ETHEREUMCoinDesk

    Tom Lee's BitMine ether holdings rise to 5.77 million tokens, or 4.8% of total supply

    BitMine Immersion (BMNR) has increased its Ethereum holdings to 5.77 million ETH, representing about 4.8% of Ethereum's circulating supply, with nearly five million of these tokens staked to earn rewards. The company also holds 206 bitcoin, sizable equity stakes in Beast Industries and Eightco Holdings, and nearly $482 million in cash and securities. Chairman Tom Lee highlighted growing activity on Ethereum's layer-2 networks, particularly the Robinhood Chain built on Arbitrum, which has surpassed $1 billion in dollar trading volume. Despite this, BMNR's shares fell 3% alongside a 2% decline in ETH prices.

  3. ALLCoinDesk

    Wall Street transfer agents lobby SEC, warning that third-party tokens pose risks to market integrity

    The Securities Transfer Association (STA), representing Wall Street transfer agents, has petitioned the SEC to prioritize issuer-sponsored tokenized shares over third-party stock tokens in regulations for blockchain-based equities. The STA contends that only tokens authorized by issuers and recorded in official shareholder registers should qualify as true tokenized stocks, warning that third-party synthetic or custodial tokens risk investor rights and market integrity. This distinction comes amid intensifying competition among financial firms to build a multitrillion-dollar tokenized securities market, with the SEC previously acknowledging a variety of tokenization models. The STA also called for modernizing the Direct Registration System to support issuer-backed tokens and urged clear regulatory frameworks to prevent confusion around third-party token products.

  4. BITCOINCoinDesk

    Paradigm shifts vs bubbles: AI chips and bitcoin show powerful trends can still produce severe corrections

    The AI infrastructure boom drove significant gains in memory-chip companies like Micron Technology and Sandisk, with increases of roughly 700% and 4,000% year-over-year, respectively, before they experienced sharp pullbacks. Similarly, SK Hynix saw a large IPO followed by a 15% decline, reflecting volatility amid peak optimism. Precious metals such as silver and gold also surged and then retreated, while Strategy (MSTR), a major corporate bitcoin holder, fell about 80% from its peak as the premium on its bitcoin holdings diminished. These cases illustrate that while underlying structural trends in AI chips, precious metals, and bitcoin remain valid, their market valuations are subject to significant cyclical corrections.

  5. ALLCoinDesk

    U.S. inflation, second-quarter earnings reports: Crypto Week Ahead

    In the coming week, U.S. inflation data, including June's consumer price index and producer prices, along with second-quarter earnings reports from major banks like JPMorgan, Citigroup, and Wells Fargo, are expected to impact cryptocurrency markets. Softer inflation readings could encourage easier Federal Reserve monetary policy, potentially bolstering bitcoin and broader crypto assets, while stronger inflation might delay rate cuts and pressure prices lower. Additionally, heightened U.S.-Iran tensions and geopolitical risks may increase market volatility, affecting oil and risk assets. Key crypto events include Ethereum's Glamsterdam upgrade review and Jito’s launch of a self-custody Solana trading app.

  6. BITCOINCoinDesk

    Live markets: Bitcoin, stocks, bonds sharply lower as Fed's Waller signals near-term rate hike

    Bitcoin slipped below $63,000, dropping about 1.4% to $62,800 after a brief fall from $64,300 during the Asian session, primarily due to a minor leverage flush within its recent trading range of $59,000 to $66,000. Meanwhile, South Korean chipmaker SK Hynix also declined more than 30% from its June peak following its U.S. trading debut, affected by profit-taking and a shift into American depositary receipts. Although unrelated, both assets have moved in the same direction over weeks amid shifting risk appetite influenced by the AI sector, with analysts noting about 30% of Bitcoin's pressure stems from capital flowing into AI. Market participants await upcoming key events—the June inflation report on July 14 and the Federal Reserve meeting on July 28–29—which could impact crypto and chip stocks.

  7. BITCOINCoinDesk

    Bitcoin holds near $63,800 as war-driven selloff hits everything but crypto

    Bitcoin held near $63,800 on Monday, showing little reaction to the latest U.S. military strikes on Iran, while traditional assets like gold, oil, equities, and bonds experienced sharp swings due to fears of a wider conflict. Oil prices jumped above $79 a barrel, gold declined by 1.6%, and Treasury yields rose amid concerns that sustained higher oil prices could keep Federal Reserve interest rates elevated longer. This marks a shift for Bitcoin, which is now seen to move more in line with dollar liquidity and chip sector dynamics rather than geopolitical events. Other major cryptocurrencies like Ether and XRP also saw minimal movement, contrasting sharply with the broader market turmoil.

  8. ALLCoinDesk

    Signs of life?: State of Crypto

    Lawmakers are preparing to release a new draft of the Digital Asset Market Clarity Act, combining previous versions from the Senate Banking and Agriculture Committees with about 70 additional pages. However, key issues remain unresolved, including ethics provisions, which could hinder bipartisan support and timely passage before the 2026 midterm elections. Senate Majority Leader John Thune has indicated a possible vote in late July, but the lack of White House engagement and the necessity of President Donald Trump's approval on ethics matters pose challenges. Meanwhile, a separate provision banning the Federal Reserve from issuing a central bank digital currency until 2030 took effect through a housing bill, temporarily easing one negotiation point.

  9. BITCOINCointelegraph

    Saylor

    Strategy's founder Michael Saylor has shifted the company's long-standing "never sell Bitcoin" stance by selling $216 million worth of Bitcoin to fund dividends and boost cash reserves, reducing its holdings to 843,775 BTC. Standard Chartered analyst Geoff Kendrick highlighted that Saylor's recent messaging lacks clarity, which could be causing uncertainty around Bitcoin's near-term outlook, despite the bank maintaining a $100,000 year-end price forecast. Strategy also raised the dividend rate on its STRC preferred stock to 12%, but both STRC and common shares have struggled significantly, with the latter down over 70% in the past year. The company is expected to report second-quarter earnings on July 30.

  10. ALLCoinDesk

    Stablecoin market cap has shrunk by $10 billion since May, but analyst sees no reason to panic

    The stablecoin market capitalization has declined by about $10 billion since May 2026, with a $7.7 billion drop occurring in June alone, primarily driven by decreases in Tether's USDT and Circle's USDC supplies. Despite this contraction, the market's 3% fall is modest compared to the 26% collapse during the 2022 crypto bear market, and analysts consider it a temporary setback amid ongoing long-term growth. New regulated stablecoin issuers like Paxos’ USDG and Anchorage Digital’s USDGO are gaining market share, gradually challenging the dominance of USDT and USDC as stablecoins expand into mainstream payments.

  11. ALLCointelegraph

    Pakistan Crypto Regulator Seeks Dialogue Over Islamic Ruling

    Pakistan Virtual Assets Regulatory Authority (PVARA) chairman Bilal bin Saqib has called for ongoing dialogue on digital assets under Islamic law following a meeting with scholar Mufti Taqi Usmani, who supported a ruling against using crypto for purchases. The Islamic ruling, signed by Usmani and others at Jamia Darul Uloom Karachi, stated that cryptocurrencies like stablecoins do not qualify as recognized property under Islamic law. Saqib emphasized the need for nuanced assessment across different digital asset types rather than blanket judgments. This exchange highlights the tension between Pakistan's efforts to regulate crypto through PVARA and prevailing religious concerns amid the country's recent move toward a licensed virtual asset market.

  12. ETHEREUMCointelegraph

    Cambridge study puts Ethereum near lower end of PoS energy intensity

    A Cambridge study estimated that Ethereum currently consumes about 7.87 GWh of electricity annually, placing it near the lower end of energy intensity among major proof-of-stake (PoS) blockchains. Adjusted for market value, Ethereum uses approximately 33 kWh per $1 million, second only to BNB Chain, while Solana consumes the most at 13.48 GWh annually with an energy intensity of 283 kWh per $1 million. The study also noted that 56.4% of Ethereum’s electricity comes from renewable and nuclear sources, with the network’s energy use significantly reduced following its transition from proof-of-work to proof-of-stake after the 2022 Merge.

  13. ALTCOINSCoinDesk

    Ripple once weighed shutting down and handing XRP to shareholders, CEO says

    Ripple CEO Brad Garlinghouse revealed that he and co-founder Chris Larsen briefly considered shutting down the company and distributing XRP to shareholders after the SEC sued Ripple in 2020, alleging XRP was an unregistered security. They ultimately chose to fight the lawsuit to preserve jobs, incurring about $150 million in legal fees over four years. The case concluded with a federal judge ruling that XRP is not a security, followed by a settlement last year under new SEC leadership that has taken a more crypto-friendly stance.

  15. BITCOINCointelegraph

    Empery Digital Sold Bitcoin to Fund AI Data Center

    Empery Digital saw its shares rise after selling nearly half of its Bitcoin holdings, approximately 1,400 BTC, for about $87.1 million to fund a 25% stake in an AI data center project and to pay down $10 million in debt. This move came after significant pressure from major shareholder Tice P. Brown, who had urged the company to abandon its Bitcoin treasury strategy and replace its CEO and board. Empery’s Bitcoin holdings now stand at 1,514 BTC, down from a peak of 4,081. The positive market reaction reflects growing investor interest in AI initiatives amid waning confidence in Bitcoin treasury strategies.

  16. ETHEREUMCointelegraph

    Robinhood Chain sees over $70M in ETH bridged during first week

    According to Token Terminal, over $70 million worth of ETH has been bridged to Robinhood's new layer-2 blockchain within its first week. Robinhood Chain, an Arbitrum-based EVM-compatible network using ETH as its native gas token, aims to facilitate real-world assets and is integrated with Robinhood’s tokenized stock offerings. The platform’s daily active users reached 194,000, and daily revenue has grown to $39,000, with a total value locked of approximately $83 million. Industry experts, including Hayden Adams and Andri Fauzan Adziima, see this development as a positive signal for ETH, noting that Robinhood's choice to build within the Ethereum ecosystem may reinforce ETH's role as a liquidity and settlement layer.

  17. ALTCOINSCointelegraph

    DeFi may be ‘quietly re-rating’ given outperformance against Bitcoin: Bitwise

    Bitwise reports that DeFi tokens have outperformed Bitcoin over the past month, with Bitcoin falling about 22% in June, while DeFi tokens declined only 4%, which is unusual given their typical volatility. The firm suggests this may indicate a “quiet re-rating” of the sector, as traditional institutions increasingly use DeFi protocols, leading to improved token economics and reduced gaps between usage and token value. The total value locked in DeFi has decreased by nearly 40% this year to around $70 billion, but Bitwise notes this decline is smaller than during the 2022 bear market, suggesting some resilience. Additionally, Bitwise anticipates that regulatory developments, such as upcoming stablecoin projects and the passage of relevant legislation, could influence the market in the coming months.

  18. ETHEREUMCointelegraph

    Trader loses $2M in ‘same-block backrun extraction’ exploit

    A crypto trader lost approximately $2 million after a transaction was exploited through a "same-block backrun extraction" attack, with the trader swapping around 1,117 Ether on Uniswap v3 and receiving only $14,200 worth of tokens, according to GoPlus Security. The incident involved the transaction being routed through a low-liquidity pool, enabling an Ethereum block builder to profit significantly by executing arbitrage trades within the same block. The trader was advised by Ruslan Khairullin to read the transaction route before signing, highlighting the risk of blindly approving DEX transactions. The attacker used an inflated token price to drain value before distributing the profits to the builder Titan, which earned about $1.8 million from the event.

  19. ETHEREUMCointelegraph

    Binance Sees $1.23B Outflows as ETH Withdrawals Surge

    Binance experienced a significant increase in weekly net outflows, totaling $1.23 billion during the week beginning June 29, which is a 207% rise from the previous week’s approximately $400 million, according to DefiLlama data. Ethereum withdrawals on Binance also surged to their highest level in over three years, with over 166,000 withdrawal transactions in a single day, according to CryptoQuant analyst Darkfost. The outflows coincided with a modest rebound in ETH prices of about 12.5% over the past week, trading at $1,766. Some analysts suggest that this surge may reflect long-term accumulation behavior amid regulatory uncertainties related to the EU's MiCA regulation, rather than short-term trading. Other major exchanges, such as Finex, Gate, OKX, and Bybit, also reported significant outflows during the same period.