Cryptocurrency
Ongoing coverage on Cryptocurrency.
Latest coverage
Treasury widens Iran crypto crackdown with sanctions on two more exchanges
The U.S. Treasury has expanded its sanctions against Iran's cryptocurrency activities, designating Shelbit Exchange and Aban Tether for allegedly facilitating illicit financial transactions. These entities are accused of helping Iran move funds beyond conventional banking systems, with Shelbit linked to over $2 million in transactions involving the Islamic Revolutionary Guard Corps. The Treasury aims to dismantle these networks, highlighting that while blockchain offers an alternative for sanctioned states, it also leaves a traceable record.
Trump Media Walks Away From Its CRO Treasury Venture With Crypto.com — And From Most of Its Crypto Plans
Trump Media has abandoned its plans to launch a cryptocurrency treasury venture with Crypto.com and Yorkville Acquisition due to shifting business priorities and market conditions. The company is also scaling back other crypto-related initiatives, including prediction markets within Truth Social. This retreat from crypto comes as Trump Media holds a significant amount of Bitcoin and as crypto legislation faces ethical scrutiny in Washington.
Bitcoin Has Stopped Moving — Traders Are Paying Up Anyway
Despite Bitcoin's price remaining stagnant around $64,700, traders are actively purchasing put options for protection against potential downturns, particularly around the $62,000 and $63,000 levels. This activity, occurring ahead of the U.S. jobs report, suggests a market where demand for insurance is present but underlying conviction is weak, with low implied volatility indicating an expectation of minimal price movement.
Binance.US dangles 8,500 WOD for new sign-ups as World of Dypians livestream nears
Binance.US is offering new customers 8,500 WOD tokens for signing up and making any deposit, an offer valid until August 10. This promotion coincides with a livestream featuring the World of Dypians team. World of Dypians is an MMORPG built on BNB Smart Chain, with WOD serving as its in-game currency.
Bitcoin Refuses to Budge Below $65,000 as Middle East Conflict Widens
Bitcoin remained stable around $64,700 despite deteriorating macro conditions and escalating Middle East conflict. While oil prices climbed due to attacks on Saudi Arabia, bitcoin showed little movement, unlike gold which saw a 1.5% increase. The article suggests focusing on Treasury yields and oil prices as key indicators for future bitcoin movement, rather than the bitcoin chart itself.
Bitcoin Faces Its BIP110 Deadline — Three Ways the Split Could Play Out
The article analyzes three potential outcomes for Bitcoin's BIP110 protocol change, which aims to cap OP_RETURN sizes and reduce data on the blockchain. The author, who believes BIP110 is damaging, outlines scenarios ranging from minimal miner signaling leading to usability issues for Bitcoin Knots users, to widespread signaling that could result in a chain split, or a significant minority signaling that creates two separate, permanent blockchains. The implications for users, including potential naming battles and lack of replay protection, are also discussed.
Pudgy Penguins Teams With LBank on 500,000 USDT Reward Blitz
LBank has launched a 500,000 USDT rewards campaign in partnership with Pudgy Penguins, marking the exchange's first such collaboration with the IP. The campaign includes rewards for futures trading, spot markets, lucky draws, leaderboard contests, and locked earn products, with a significant portion allocated to new users. This initiative aims to introduce Pudgy Penguins to LBank's user base and drive engagement across various trading products.
Hyperliquid’s ETF Inflow Streak Fizzles as Regulated Rivals Move In, JPMorgan Warns
JPMorgan analysts report that Hyperliquid's strong ETF inflow streak has ended, citing increased competition from regulated centralized exchanges offering similar derivatives products. While Hyperliquid has been a standout performer in non-bitcoin crypto funds, the bank warns of significant challenges to its market share. The report suggests focusing on fee revenue rather than ETF headlines to gauge the platform's future performance.
FITFI Collapses to Fractions of a Cent as Step App Pulls the Plug After Four Years
Step App, a prominent move-to-earn project, is shutting down all services on August 21 after four years of operation. The platform's native token, FITFI, plummeted 88% following the announcement, falling to fractions of a cent. Users are urged to unstake tokens and withdraw funds before the deadline to avoid losing their assets.
World of Dypians and AlloX Roll Out $100,000 WOD HODL Rewards Program
AlloX has launched a $100,000 WOD HODL Rewards Program for holders of the WOD token, running from August 5 to September 5, 2026. Participants earn rewards based on their net buy amount, holding duration, and leaderboard position. The program aims to incentivize holding WOD on the BNB Chain, deepening the existing partnership between AlloX and the MMORPG World of Dypians.
Enjin Governance Vote Would Grow Relaychain Validators From 25 to 35
Enjin is holding a governance vote that proposes increasing the number of active validators on its Relaychain from 25 to 35 over the next 12 months. This proposal bundles four separate increases, each scheduled 90 days apart, starting in August 2026. A future review could potentially raise the validator count to 50.
Top BC.Game Crypto Games to Play in 2026
This guide provides fundamental strategies and platform selection criteria for Canadians new to crypto casinos. It highlights the importance of safety, licensing, and bonuses in the growing Canadian online gambling market, expected to reach $8.72 billion by 2030. Key aspects to consider include accepted digital coins, game variety, user interface, mobile compatibility, and customer support, alongside security features and licensing legitimacy.
DeFi Kingdoms to retire DFK Chain on Aug. 28 — bridged tokens left on it are lost for good
DeFi Kingdoms is retiring its DFK Chain on August 28, 2026, migrating the game to Avalanche's C-Chain. Holders of bridged tokens like JEWEL, BTC, ETH, AVAX, and USDC must withdraw them before the deadline, or they will be permanently lost. The project itself is not shutting down, with plans for an SDK for third-party developers.
STEPN GO Marathon Challenge Season 3: Sign-Ups Live With Teams and Missed-Day Insurance
STEPN GO has opened registration for its Marathon Challenge Season 3, running from August 10 to August 24. This season introduces an insurance feature for one missed day and enhanced team dynamics, encouraging consistent player engagement. Participants lock USD to choose reward pools and must spend a minimum of 2 Energy daily in either STEPN or STEPN GO to remain eligible.
Ethereum Researchers Push Plan to Burn Staking Rewards Down to Zero at 60 Million ETH
A group of Ethereum researchers has proposed a plan to gradually burn all staking rewards as more ETH is staked, aiming for net issuance to reach zero when half of the total supply is staked. This proposal, intended to increase scarcity and bolster ETH's valuation, has sparked debate within the cryptocurrency community regarding its economic implications for DeFi and individual stakers. The plan faces a tight deadline for inclusion in Ethereum's upcoming Hegotá network upgrade.
Bitcoin’s Permanent Message Board: Inside the Coldcard Hacker’s Wallet, Where Victims Beg and Launderers Advertise
A Bitcoin wallet associated with the Coldcard hacker, holding approximately $36 million, has become a permanent message board where victims and others can leave notes permanently etched onto the blockchain. This functionality is enabled by Bitcoin's OP_RETURN feature, which allows short text strings to be attached to transactions. The messages range from pleas for the return of stolen funds to advertisements for money laundering services, offering a unique glimpse into the aftermath of a major self-custody failure.
Ethereum Devs Float a Hard Cap: Issuance Drops to Zero at 60.25 Million Staked ETH
A proposal from Ethereum researchers suggests implementing a hard cap on staked ETH, aiming for net issuance to reach zero once approximately 60.25 million ETH is staked. This mechanism would burn validator rewards proportionally as staking increases, with the burn reaching 100% at the cap. The proposal has sparked debate regarding its impact on DeFi borrowing strategies and potential centralization risks.
Bitcoin ETFs Flip to $170.1M of Inflows on Aug. 3 — But BlackRock’s IBIT Supplied 65.5% of It
U.S. spot Bitcoin ETFs experienced a net inflow of $170.1 million on August 3rd, a significant shift from the previous session's outflow. However, BlackRock's iShares Bitcoin Trust (IBIT) accounted for approximately 65.5% of these inflows, highlighting a concentration of investment in a single fund. While seven out of twelve funds saw positive flows, the overall recovery is tempered by the dominance of IBIT, with other funds contributing smaller amounts.
A 12-Year-Old Bitcoin Wallet Just Moved $32M — For 12 Cents — As Coldcard Losses Near $130M
A Bitcoin wallet dormant since 2013 moved $31.8 million for just 12 cents, occurring amidst ongoing security concerns for Coldcard hardware wallets. Coinkite, the maker of Coldcard, has stated that all its models are exposed due to a flaw, leading to potential losses estimated at $130 million and advice for users to migrate their funds.
Cramer’s quantum exit call lands with a thud as bitcoin sits near $64,000
Jim Cramer announced his intention to sell all of his Bitcoin holdings, citing concerns that quantum computing advancements could compromise cryptocurrency security within three to four years. Despite Cramer's call, Bitcoin's price has remained stable around $64,000, with many in the crypto community viewing his statements as a contrarian buy signal. The article notes that the actual size of Cramer's Bitcoin position is unconfirmed and that the market's reaction is largely driven by his history of inaccurate predictions in the crypto space.
