AI has been a ‘net negative’ for crypto: Phemex CEO
Federico Variola says AI has diverted capital from crypto and is empowering attackers, while rising cybersecurity costs could push the industry toward greater centralization.
Bitcoin ETFs shed $450M in biggest outflow since June
The $450 million withdrawal came as Bitcoin fell 2.5% and the CLARITY Act failed to advance in the Senate, with Fidelity and BlackRock funds leading the outflows.
US charges ex-Robinhood engineers over alleged pre-listing crypto trades
The former employees allegedly earned more than $50,000 each by trading Hyperliquid perpetuals ahead of Robinhood token listings.
Crypto industry turns to US regulators after CLARITY setback
The CLARITY Act could still be revived after Senator Thom Tillis moved to reconsider the failed cloture vote, though industry executives are divided over whether Congress has enough time left.
BIS paper finds major gap in Bitcoin onchain transfer estimates
A BIS study found widely used crypto metrics can obscure economic activity, with measurement challenges spanning Bitcoin, Ethereum and stablecoins.
Crypto stocks slide after CLARITY Act fails to advance in Senate
Circle and Coinbase shares fell about 10% as the failed Senate vote weighed on crypto-linked equities, with Bitcoin miners and treasury companies also declining.
US Senate fails to advance CLARITY Act
The failed procedural vote leaves the CLARITY Act facing an uncertain future after months of negotiations over crypto oversight and ethics provisions.
Stablecoin growth could boost dollar dominance, US Treasury demand: BoE official
A Bank of England policy maker said digital dollars could expand access to the US currency while turning stablecoin issuers into bigger buyers of government debt.
Binance adds 11 US-listed ETFs to wealth management offering
The crypto exchange is expanding its traditional finance offerings with 11 US-listed exchange-traded funds focused on US Treasurys and investment-grade bonds.
ETH wallet exploit backfires as MEV bot captures $7.7M, Kelp freezes address
An MEV bot known as “Yoink” front-ran an attacker attempting to exploit a custom Safe module, capturing the stolen rsETH before Kelp temporarily froze the receiving address.