Cryptocurrency

1441 items in section

Bithumb hit with privacy fine over unauthorized overseas data sharing

South Korea’s Personal Information Protection Commission has fined Bithumb 210 million won, roughly $136,000, for violating domestic privacy laws. The regulator found that the exchange transferred sensitive user information to overseas platforms during liquidity-sharing operations without obtaining the necessary consent from its customers.

Animoca Brands targets AI commerce with AllScale stablecoin investment

Animoca Brands has secured a strategic stake in payment infrastructure provider AllScale, betting on stablecoins to bridge the gap between traditional finance and on-chain economies. The partnership aims to deploy new payment rails across the Animoca ecosystem, focusing on treasury services, cross-border settlements, and the emerging field of agentic commerce.

House Democrats Press SEC for Answers on AI Trading Oversight

A group of Democratic lawmakers is demanding that the SEC clarify its regulatory approach to AI-driven trading agents, citing fears that autonomous software is making consequential financial decisions for retail investors while operating largely outside the current oversight of federal securities laws.

Pi Network Stagnates as Ecosystem Campaigns Precede Pi2Day

With the June 28 Pi2Day deadline approaching, Pi Network is steering its community toward AI-driven app development and launchpad stress tests. Despite these efforts to boost ecosystem utility, the native PI token continues to struggle, trading near historical lows amid persistent selling pressure and weak market momentum.

Stablecore Launches Digital Asset Testing for U.S. Credit Unions

A coalition of credit unions managing $25 billion in combined assets has signed on to a new early access program from Stablecore. The initiative allows institutions, including RBFCU and Stanford Federal Credit Union, to test stablecoins, tokenized deposits, and crypto-staking before integrating these tools into their core banking platforms.

American Arbitration Association launches legal framework for AI agents

As AI agents shift from experimental pilots to live commercial transactions, the American Arbitration Association and Integra Ledger have unveiled the Legal Context Protocol. This open standard establishes a formal record of terms, consent, and dispute resolution paths for autonomous machine payments, addressing the legal void in automated commerce.

CoinGecko report reveals high mortality rate for Pump.fun tokens

Nearly seven out of every ten tokens launched on the Solana-based platform Pump.fun cease trading within twenty-four hours of their debut. A new analysis from CoinGecko suggests that the ease of creating speculative assets on the site results in a market dominated by short-lived projects with fleeting liquidity.

Coinbase secures Luxembourg as its central EU MiCA gateway

With the July 1 regulatory transition looming, Coinbase has officially designated Luxembourg as its primary hub for operations across all 27 European Union member states. By leveraging its existing license from the Commission de Surveillance du Secteur Financier, the exchange is now set to passport services throughout the entire bloc.

Brian Armstrong positions Coinbase as a bipartisan financial alternative

Eighty percent of Americans believe the current financial system is failing them, according to Coinbase CEO Brian Armstrong. By positioning cryptocurrency as a democratizing force that bypasses slow payments and excessive fees, he is aligning the company’s expansion strategy with growing voter frustration across the political spectrum.

Jiang Zhuoer projects Bitcoin cycle bottom at $42,000 by late 2026

Bitcoin could hit its next bear-market floor between October and December 2026, according to prominent Chinese miner Jiang Zhuoer. His forecast relies on a long-term cycle model tied to MicroStrategy’s market net asset value, suggesting a price range between $42,000 and $44,000 for the bottom.

CoinEx Under Pressure Following $3.84 Billion Iran-Linked Flows

Investigators have identified $3.84 billion in transactions linked to Iranian entities passing through the crypto exchange CoinEx since 2019. The findings, based on on-chain data and analysis from TRM Labs, suggest the platform served as a conduit for sanctioned funds, including assets previously stolen by North Korean hackers.

Ripple Brings RLUSD to Japan via SBI Group Partnership

Following authorization from the Japan Financial Services Agency, Ripple has officially introduced its dollar-backed stablecoin, RLUSD, to the Japanese market. The rollout, facilitated through the SBI VC Trade platform, marks a significant expansion for the asset, positioning it as a regulated instrument for local retail and institutional users.

Abracadabra triggers emergency rate hikes as MIM stablecoin depegs

The Abracadabra lending protocol has launched emergency measures after its Magic Internet Money (MIM) stablecoin plummeted to $0.50. Facing a severe loss of its dollar peg, the team is aggressively hiking interest rates across all lending markets to force debt repayment and shrink the outstanding supply of the token.

Cathie Wood bets on inflation collapse despite CPI surge

As financial markets brace for a potential interest rate hike following May’s 4.2% inflation spike, ARK Invest CEO Cathie Wood is pushing back against the consensus. She argues that official consumer price indices mask a reality where underlying inflationary pressures are rapidly fading toward near-zero levels.

Michelle Bond Faces November Trial in FTX Campaign Finance Case

A federal judge has cleared the path for the trial of Michelle Bond, rejecting her attempts to dismiss criminal charges tied to her 2022 congressional campaign. U.S. District Judge George Daniels scheduled the proceedings for November 9, moving forward with a case centered on alleged illicit funding from the failed FTX exchange.

Kalshi Challenges Illinois Betting Law in Federal Court

The prediction market platform Kalshi has launched a federal lawsuit against Illinois officials, contending that a newly enacted state law requiring sports contract licenses unlawfully encroaches upon the Commodity Futures Trading Commission's exclusive authority over federally regulated event contracts.

World links AI agents to human identities to curb bot abuse

A batch of 500 limited-edition hats sold out recently, but the buyers were not humans. Instead, AI agents completed the transactions, proving they represented verified individuals rather than bot networks. This experiment highlights World’s new AgentKit framework, designed to tether autonomous software to real-world identity credentials.

Kalshi Seeks $40 Billion Valuation Despite Growing Legal Hurdles

Prediction market operator Kalshi is in discussions to secure new capital at a $40 billion valuation, marking an 82% increase since May. This aggressive fundraising push follows a meteoric rise in trading volume, even as the firm contends with mounting regulatory lawsuits from state authorities and industry rivals.

SpaceX Short Interest Spikes as Traders Bet on Further Declines

Thirteen percent of SpaceX’s public float is now held in short positions, a sharp increase from eight percent just days ago. As the stock sheds more than 25% of its value over the last five sessions, the rapid accumulation of bearish bets has ignited fierce debate over a potential short squeeze.

DOJ Rejects Law Enforcement Concerns Over CLARITY Act Loopholes

Four major law enforcement organizations recently warned that Section 604 of the proposed CLARITY Act could compromise criminal investigations, but the Department of Justice has dismissed these claims as factually inaccurate, insisting the legislation leaves federal oversight of digital assets and prosecution capabilities entirely intact.

OpenAI challenges Nvidia with custom-built Jalapeño chip

OpenAI has entered the competitive hardware arena with Jalapeño, a custom-designed processor built in partnership with Broadcom. Developed in just nine months, the chip is specifically engineered to handle the inference workloads of large language models, signaling a pivot toward full-stack control over its underlying computing infrastructure.

Cynthia Lummis to Release Final CLARITY Act Text by July 4

After months of legislative wrangling, Senator Cynthia Lummis plans to unveil the final text of the CLARITY Act around July 4. The release marks the end of an extensive review process, setting the stage for a critical Senate floor vote later in July as lawmakers aim to define digital asset oversight.

Trump Holds Up Housing Bill, Stalling CBDC Restrictions

Donald Trump has abruptly delayed signing the 21st Century ROAD to Housing Act, despite the legislation securing overwhelming bipartisan approval in both chambers of Congress. The maneuver leaves a critical provision—a five-year moratorium on the Federal Reserve issuing a central bank digital currency—in a state of legislative limbo.

Peter Schiff warns MSTR slide could force Bitcoin sell-off

As MicroStrategy shares dip below the $100 mark, vocal Bitcoin skeptic Peter Schiff is warning that the company’s aggressive accumulation strategy may soon backfire. He contends that mounting pressure from short sellers could leave Michael Saylor with little choice but to liquidate Bitcoin holdings to fund emergency stock buybacks.

Kalshi Expands Crypto Perpetuals as Regulatory Pressure Mounts

As Kalshi adds Zcash, Near Protocol, and Shiba Inu to its roster of CFTC-regulated perpetual contracts, the platform finds itself at the center of a widening legal battle. The expansion brings its crypto lineup to 13 assets, even as federal regulators clash with state authorities and industry giants over market oversight.

Strive and Strategy bet on $3 trillion Bitcoin-linked credit market

Strive CEO Matt Cole envisions a $3 trillion digital credit market anchored by Bitcoin-backed securities, arguing that products like his firm’s SATA and Strategy’s STRC could capture a fraction of the $300 trillion global credit landscape while pushing the price of Bitcoin toward a $1 million milestone.

Binance Scrambles for EU Licensing as MiCA Deadline Looms

With the European Union’s July 1 MiCA compliance deadline approaching, Binance is actively scouting alternative jurisdictions to secure regulatory authorization. The exchange’s primary application in Greece has stalled, forcing leadership to weigh other options to maintain operations for its 4 million regional users as regulators signal potential resistance.

Ripple Lending Protocol Passes Security Re-Audit

Security firm Halborn has cleared Ripple’s XRP Ledger Lending Protocol following an intensive re-audit, identifying zero critical or high-risk vulnerabilities. The review, conducted between December 2025 and January 2026, confirms the protocol's readiness for its upcoming integration into the ledger as a key component of Ripple’s expanding institutional DeFi suite.

Voyager Investors Challenge Dismissal of Suit Against Mark Cuban

Investors who lost money in the collapse of Voyager Digital have escalated their legal battle, filing an appeal with the U.S. Court of Appeals for the Eleventh Circuit to revive a lawsuit against Mark Cuban and the Dallas Mavericks after a Florida judge ruled the court lacked personal jurisdiction.

Robinhood Stock Sheds Bitcoin Correlation as Diversification Takes Hold

After months of tracking Bitcoin’s volatile price action, Robinhood Markets stock has finally decoupled from the flagship cryptocurrency. Market observers note that while the two assets moved in lockstep since October 2025, recent weeks show the brokerage firm’s equity charting its own course, independent of crypto market sentiment.