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Source-backed coverage

CRYPTO NEWS ARCHIVE

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

  1. ETHEREUMCoinDesk

    MetaMask exits Ethereum validators after attacker diverts staking rewards

    MetaMask announced that it is exiting affected Ethereum validators after a security incident which diverted an estimated 0.36 ETH in block-production payments, though the company stated there is no immediate threat to users' wallets. An Ethereum security researcher reported that 18 of 19 MetaMask-operated validators had sent payments to an unexpected address, affecting roughly 17,000 validators holding about 523,000 ETH. The company has not confirmed the figures or explained the cause of the breach, but it has taken its staking systems offline as a precaution. Affected validators will take up to 45 days to leave the system, during which they may miss rewards and risk penalties. Additionally, funds linked to Ethereum cofounder Joseph Lubin and Ethena underwent large transfers, reportedly as precautionary measures amid the incident.

  3. DEFICoinDesk

    Dogecoin gets DeFi testnet as Doge

    DogeOS has launched a public test network that allows developers to build Ethereum-compatible DeFi applications such as trading, lending, and stablecoins using test DOGE, according to CoinDesk. The system initially relies on selected operators, protected hardware, and a Security Council, with plans to eventually enable Dogecoin miners to verify proofs through a proposed Dogecoin Core upgrade called OP_CHECKZKP. The initiative aims to give Dogecoin holders more usage options beyond payments and speculation, though DogeOS has not announced a mainnet launch date and faces questions about demand amid weak ETF inflows and declining memecoin application networks. The project is distinct from earlier memecoin application efforts like Dogechain and follows support from some members associated with the Dogecoin Foundation.

  6. ALLCoinDesk

    Crypto industry gave $8 million to Clarity Act lobbyists who didn't close the deal

    The crypto industry spent approximately $8 million on lobbying efforts aimed at passing the Clarity Act, which ultimately did not advance in the U.S. Senate, according to CoinDesk. Coinbase led these efforts with about $2.2 million spent on lobbying related to the bill, along with contributions from other firms like Kraken, Digital Currency Group, Jump Crypto, and Paradigm. Despite this substantial financial effort, the industry's push for the legislation was unsuccessful, although some progress was made in raising awareness and establishing a foundation for future efforts, as noted by industry representatives. The overall lobbying expenditure for the sector in the first half of 2026 exceeded $13 million, with a significant portion dedicated to influencing crypto regulatory legislation and related issues.

  7. ALLCoinDesk

    Open USD takes on Tether, Circle with a different stablecoin model that's 'building money'

    Open USD, a stablecoin launched by Open Standard and backed by companies including Mastercard, Visa, and Stripe, aims to differentiate itself by building a model where the economic benefits and ownership are distributed more broadly among partners rather than concentrated with a single issuer, as claimed by CEO Zach Abrams. The stablecoin, available on multiple blockchains, is designed for use in banking, cross-border payments, and institutional trading, with its economics tied to the growth and activity of its expanding partner network, which has grown from 140 to over 200 companies. Unlike traditional stablecoins that generate revenue primarily for the issuer, Open Standard intends to distribute most of its equity to founders and partners based on their contributions to OUSD's supply and transaction activity, as explained by Abrams. The company also plans to expand beyond the US dollar, with demand for other stablecoins already evident, and has expressed ambitions for the network to facilitate hundreds of trillions of dollars annually in global money movement.

  9. ALLCoinDesk

    Crypto Long & Short: What will the AI agents run on?

    Utkarsh Ahuja from Moon Pursuit Capital suggests that the future AI economy will depend heavily on blockchain infrastructure and digital assets, as autonomous AI agents will need to interact with financial systems through programmable money such as stablecoins and smart contracts. He explains that traditional payment infrastructure was designed for humans and institutions, whereas blockchain technology is better suited for enabling autonomous software agents to conduct transactions across borders without manual intervention. Ahuja also highlights the importance of verifiable records for identity and provenance as AI systems consume data and execute transactions, with blockchain providing a natural solution. He emphasizes that investors should focus on infrastructure projects that address problems created by greater automation, such as payments, settlement, identity, and connectivity between traditional and digital markets, rather than solely on AI application companies.

  11. ALTCOINSCoinDesk

    Cardano tapped by Brazil’s state oil giant to track cleaner jet fuel and diesel

    Petrobras, Brazil's state-controlled energy company, is testing the Cardano blockchain in two research projects to track claims about lower-carbon fuels, such as sustainable aviation fuel and Diesel R made partly from renewable materials. The aviation project aims to prevent double counting of emissions reductions by creating a record of benefits, ownership, and claims, while the diesel project would document the fuel’s production, transportation, and usage. Both projects are still in the research stage, with no specific timeline for wider deployment or details about fuel volumes. Frederik Gregaard of the Cardano Foundation highlighted growing institutional interest in Cardano’s blockchain applications, especially as new features like x402 are introduced.

  13. BITCOINCoinDesk

    A stronger dollar is a weaker threat to bitcoin than traders think

    The U.S. Dollar Index has risen about 2.6% since September 9, reaching a two-month high, which traditionally would be negative for bitcoin. However, the correlation between bitcoin and the dollar is relatively modest, with a 90-day correlation of -0.41, indicating that while they tend to move in opposite directions, the relationship is weak and influenced by only about 17% of bitcoin's daily returns. Short-term and longer-term data suggest that bitcoin's movement remains largely independent of dollar fluctuations, supporting its role as a potential portfolio diversifier. Despite the dollar's recent strength, bitcoin's price has only slightly pulled back from recent highs and continues to show resilience. Overall, the data imply that a stronger dollar poses less of a threat to bitcoin than some traders might assume.

  21. DEFICoinDesk

    OpenAI seeks $30 billion in funding at whopping $1.4 trillion valuation after delaying IPO

    OpenAI is seeking at least $30 billion in new funding at a valuation of around $1.4 trillion, excluding the fresh capital, according to Bloomberg. The company has postponed its initial public offering beyond 2026 and last raised $122 billion in March at a valuation of $852 billion. Its revenue has accelerated, with an annualized revenue run rate exceeding $40 billion over the summer and a reported increase of 70% since July, as it expands its offerings including a $500 subscription tier and an always-on AI agent called Dots. CEO Sam Altman indicated that OpenAI would not go public this year, citing concerns related to AI safety and the challenges of more capable systems.

  24. BITCOINCoinDesk

    Bitcoin bulls have one price level to defend

    According to CoinDesk, Bitcoin needs to defend the support level between approximately $81,500 and $83,000 to maintain bullish momentum, with a break below this zone potentially leading to a decline into the high $70,000s. Analysts like Jeff Anderson and Lacie Zhang emphasize the importance of holding this support, noting that a failure could trigger a deeper correction, especially if U.S. ETF flows turn negative and Treasury yields continue to rise. Some market watchers remain optimistic about a rally to $90,000 or even $100,000, but the overall outlook is sensitive to macroeconomic factors such as inflation data and Treasury market movements.