Crypto’s campaign efforts see rare loss, but crypto roster in Congress likely to grow

The latest U.S. congressional primary elections this week saw another unusual setback for the crypto industry’s largest campaign fund when incumbent Representative Shri Thanedar got shut down by progressive challenger Donavan McKinney for a Democratic nomination in Detroit. It cost the Fairshake political action committee more than $2 million, and the industry loses an incumbent…

Bitcoin Treads Water As Gold, S&P 500 See Significant Gains

Bitcoin stayed wedged at $64,000 on Wednesday’s Wall Street open as gold hit six-week highs. Key points: Gold analysis eyes Chinese demand as the precious metal hits its highest levels in six weeks. Bitcoin (BTC) sees a second day of lackluster performance against US stocks as the S&P 500 index builds on all-time highs. China…

Proof of Play Shuts Down After Blockchain Gaming Thesis Falls Short

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Taiwan Plans Crypto Travel Rule Rollout in October

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Galaxy Bitcoin ETF Returns to Inflows Amid Coldcard Hack

US-listed spot Bitcoin exchange-traded funds (ETFs) are attracting fresh capital as a high-profile cryptocurrency custody incident puts renewed focus on digital asset security. Spot Bitcoin ETFs recorded $211.5 million in net inflows on Tuesday, adding to Monday’s $170 million, according to data from SoSoValue. The inflows came as the ongoing Coldcard hack drew attention from…

BlackRock Taps JPMorgan to Tokenize European Money Market Funds

BlackRock will offer tokenized versions of select European money market funds using JPMorgan’s blockchain infrastructure.  According to a Tuesday Bloomberg report, the offering will include pound sterling, euro and US dollar share classes from BlackRock’s Institutional Cash Series, which collectively manage about $311 billion. The figure refers to the broader fund range, not the assets…

Swan Bitcoin CEO Cory Klippsten sees users embracing stronger safeguards after $100 million Coldcard exploit

A week on, nearly 90% of the stolen coins remain unmoved onchain, confirmed attacker addresses have been shared with U.S. federal law enforcement and Toronto-based Coinkite has patched every affected device line. A volunteer team funded by OpenSats scanned more than 150 open-source repositories and found no evidence the problem extended beyond Coldcard. The exploit…

MiCA list expands with 12 companies in fourth post-deadline update

ESMA’s latest MiCA update brings the number of authorized CASPs to 321 and adds three entities to its non-compliant register. Source link

AI Bust Could Send Bitcoin Above $1M, Arthur Hayes says

BitMEX co-founder Arthur Hayes said the debt-fueled artificial intelligence infrastructure boom could end in a 2008-style credit crisis and predicted the resulting government liquidity response could drive Bitcoin (BTC) to $1 million or higher.  In a Tuesday blog post, Hayes said investors have mistakenly treated spending on data centers and power infrastructure as high-growth technology…

Ethereum Proposal to Slash Staking Rewards Sparks Backlash

A group of six Ethereum researchers and developers, including Ethereum Foundation’s Justin Drake, has proposed changing the network’s issuance policy to cut validator rewards more sharply as the proportion of staked ETH rises.  The draft, called the Tapered Issuance Burn and currently being assigned the provisional number EIP-8363, would burn an increasing fraction of validators’…