All crypto stories, newest first. 1522 stories curated by CryptoCatalyst.
A bipartisan group of senators is calling for a CFTC investigation into Polymarket following reports that the platform paid creators to stage fake winning bets, raising concerns about market manipulation and transparency.
The European Banking Authority (EBA) has detailed a penalty framework that can strip non-compliant significant token issuers of up to 12.5% of their annual revenue. This move comes as the EU's landmark crypto regulations take effect, aiming to enforce stricter oversight in the industry.
The Bank for International Settlements (BIS) says stablecoins don't meet the standards of sound money and could disrupt the global financial system. The institution urges faster development of tokenized central and commercial bank money.
Polymarket has updated its hack losses to $3.1 million. The platform is also facing investigations over potential false or deceptive marketing practices. Users are awaiting promised refunds.
Perception exited beta and launched its digital asset narrative intelligence platform with integrations from BitGo, Swan, Relai, and Bitcoin Well, providing AI-driven market insights from over 1,000 curated industry sources.
Bitplanet signed a memorandum of understanding (MOU) with Antalpha to enter the Bitcoin mining space. This partnership aims to leverage Antalpha's expertise and equipment to establish Bitplanet's mining operations.
BitGo, a newly public crypto custodian, is slashing nearly 15% of its workforce as it pivots to focus on stablecoins and AI infrastructure.
Coinbase and OKX are offering sign-up bonuses of up to 8% to lure Binance's EU users after Binance failed to secure a MiCA license. This move comes as Binance struggles to comply with new European regulations.
Framework Ventures has raised $400 million for its fourth fund, expanding beyond its traditional crypto focus into AI and robotics. The firm also promoted Rajiv Patel-O'Connor to general partner.
Yuma, backed by Digital Currency Group, has launched a fund offering institutional exposure to Bittensor's TAO token. This move comes as decentralized AI gains traction following recent restrictions on Anthropic's models.
Binance experienced over $400 million in net outflows last week, but early exchange flow data show no clear signs of a mass exodus from the platform ahead of the EU's MiCA transition deadline, despite rivals' efforts to attract users.
Bitcoin has fallen below $60,000, down nearly 7% this week. Both Bitcoin and Ethereum are ending the second quarter in the red, a back-to-back losing first half that runs against the usual pattern.
1. OVERNIGHT MOVES
Bitcoin is testing a crucial support level between $58,000 and $60,000 for the third time. If it breaks below this range, it could trigger a deeper decline in the market, though some investors view the volatility as an opportunity to buy.
Galaxy Research now sees a 50-50 chance of the CLARITY Act passing the Senate, citing dwindling time before Congress's August recess and mounting legislative uncertainty.
Kraken is considering a significant investment in Aave, valuing the decentralized finance (DeFi) platform at $385 million. This move highlights the growing interest of major crypto exchanges in DeFi projects.
Strategy's flagship preferred stock STRC hit a new record low as U.S. markets opened, with Bitcoin lingering below $60,000. CEO Michael Saylor acknowledged the 'volatility test' but remained optimistic about Bitcoin's long-term potential.
Senior Bitcoin developer Matt Corallo is urging Bitcoin projects to leave GitHub following a ban on the Rust Lightning implementation. Citing broken merge scripts, hidden diffs, and unreliable tracking, developers recommend migrating to self-hosted Forgejo solutions, with Andrew Poelstra among those raising concerns.
Trezor Academy released a documentary showcasing Bitcoin adoption in Africa and launched a donation program to fund Bitcoin education initiatives in the Global South. The initiative aims to empower communities through financial literacy and access to decentralized finance.
Nearly 50,000 BTC were transferred to exchanges at a loss, signaling potential selling pressure. Short-term Bitcoin holders are under significant stress, raising concerns about further price declines.
Tether is allowing holders of its gold-backed token (XAUT) to borrow against their bullion without selling it, mirroring bitcoin-backed lending. The stablecoin issuer is leveraging its $23 billion gold reserve to extend its tokenized gold strategy, providing liquidity to investors while keeping their gold intact.
Ether’s technical setup points to a potential drop to $1,375, a move that could lift one whale’s unrealized profit to $2.39 million.
Long-dormant Ethereum wallets have moved 37,806 ETH as large holders face their first unprofitable period since 2019. This signals cautious sentiment among crypto whales as ETH hovers around the $1.5K mark.
SecondFi has completed its forensic investigation into a recent Cardano wallet exploit, taken a final balance snapshot, and plans to return affected assets to users within two weeks.