US senators push to end CFTC ‘assault’ on state oversight of prediction markets
Seventeen Democratic senators are pushing to cut the CFTC's funding for lawsuits targeting prediction markets, which they characterize as an attack on state regulatory authority. The senators argue the agency is overstepping its jurisdiction in cases involving state-level oversight of prediction market operations.
Bitcoin makes first sub-$60K close since Q3 2024 as tech stocks enter ‘deep bear market’
Bitcoin closed below $60,000 for the first time since the third quarter of 2024 after tech stocks experienced significant declines in Asian markets. The cryptocurrency faced potential resistance at the $60,000 level as selling pressure continued.
Framework Ventures raises $400M to invest beyond crypto: Report
Framework Ventures raised 400 million dollars for its fourth fund to invest in AI, robotics, and energy sectors. The firm plans to continue making cryptocurrency investments while diversifying into these new technology areas.
Australian regulator extends no-action period for crypto licensing
Australia's financial regulator extended temporary enforcement relief for digital asset businesses until September 30 during their transition into the country's licensing system. This no-action period allows crypto firms to continue operating without facing enforcement action while they work toward obtaining required licenses.
AscendEX withdrawal complaints mount as ZachXBT questions reserves
Users reported delayed withdrawals from AscendEX after analyst ZachXBT questioned the exchange's liquidity and reserves. The complaints mounted as ZachXBT called for the exchange to provide explanations regarding its reserve holdings.
Bitcoin ETFs post June's biggest daily outflows as BTC falls below $60K
US Bitcoin ETFs experienced $696.3 million in outflows as Bitcoin fell below $60,000. Year-to-date losses for these ETFs reached $4.6 billion.
Tether stablecoin flips Ether by market cap as ETH routs to $1.5K
Tether's market capitalization exceeded Ethereum's as Ether's price declined to $1.5K, returning to support levels last seen in October 2023 and April 2025. Ethereum currently trades at support levels it previously tested during those two earlier periods.
Broadcom Built OpenAI’s First Chip in Record Time, but the Money Went Elsewhere
Broadcom and OpenAI launched Jalapeño, OpenAI's first custom AI chip, built in record time. Despite the partnership announcement, large investors are directing money toward rival companies like Micron and AMD instead.
BitGo Cuts 15% of Workforce to Focus on Stablecoins and AI
BitGo is eliminating approximately 15% of its workforce. CEO Mike Belshe is redirecting the custodian's focus toward stablecoins, settlement services, and artificial intelligence.
Aave Founder Stani Kulechov Denies Kraken Stake Sale Report, Confirms AAVE Buybacks
Aave founder Stani Kulechov denied reports of selling a stake in Kraken. He confirmed that automated AAVE token buybacks are occurring under Aavenomics 3.0.
Anthropic Urges Congress to Crack Down on AI Distillation By Chinese Rivals
Chinese operators used 25,000 fake accounts to harvest 28.8 million conversations from Anthropic's Claude AI through distillation techniques. Anthropic is requesting Congressional regulation to prevent rivals from copying proprietary AI models through this method of extracting technology at low cost.
Bitcoin bounces off new 2026 price lows: Will US stock weakness push BTC lower?
Bitcoin fell to new 2026 lows as spot ETF outflows and bearish options expiry pressured prices downward. Analysts suggest US stock weakness could drive the cryptocurrency further down as investor losses continue accumulating.
Polymarket to Refund Users After Scammers Swipe Millions in Website Exploit
Hackers stole millions in cryptocurrency from Polymarket by exploiting a compromised third-party vendor vulnerability. The platform will refund affected users whose accounts were accessed through the website breach.
About 50% of UK Wealth Advisors Cannot See Most of Their Clients’ Crypto Holdings
Half of UK wealth advisors cannot view most client cryptocurrency holdings due to institutional policies that block this visibility. The CoinShares survey found that firm-level restrictions are the primary barrier preventing advisors from accessing client crypto asset information.
OpenAI Could Reportedly Delay IPO After SpaceX Scare
OpenAI executives are reportedly considering delaying their IPO timeline following concerns about risks in mega-AI company public listings. Polymarket traders currently price 30-40% odds that OpenAI will not conduct an IPO by the end of 2026.
SOL Price is Down 20% But Solana Network Activity is Climbing on Meme Coins
SOL token price dropped 20% over one month while on-chain network activity increased 39%, primarily driven by meme coin launchpads and perpetual futures trading. Long-term holders are continuously moving coins to exchanges, creating sustained selling pressure despite the elevated transaction volume.
Asset management giant Invesco files for tokenized fund targeting stablecoin reserve market
Invesco filed for a tokenized fund designed to hold reserves backing stablecoins, leveraging its $2.5 trillion in assets under management. The filing follows Invesco's acquisition of Superstate's tokenized money market fund, expanding its blockchain-based investment offerings.
Bitcoin options traders hedge downside as uncertainty lingers, Anchorage says
Bitcoin options traders are increasing purchases of downside protection contracts, indicating expectations for volatility without predicting severe losses. This defensive positioning reflects uncertainty about near-term price movements while maintaining moderate risk parameters.
Bitcoin may fall lower but BTC power-law frames crash to $58K as ‘normal’
Bitcoin fell to $58,000, which aligns with historical patterns predicted by the power-law model for the cryptocurrency. Futures traders anticipate the price could decline further from this level during the boom-bust cycle.
Coinbase-Backed Ethereum Network Base Recovers After Block Production Issue
Block production on the Ethereum network Base halted for over two hours due to a technical glitch before resuming normally. The outage occurred prior to a scheduled network upgrade that was set to deploy.
Rosen Law Firm Launches Probe Into MicroStrategy
Rosen Law Firm is investigating whether Strategy and its executives made misleading statements about business operations, Bitcoin treasury strategy, and profitability risks. The firm is inviting investors who purchased the company's securities to participate in a potential class action lawsuit.
Bitcoin Treasury Companies Are ‘Textbook Bubble Chart’ as MSTR Loses $100
Bitcoin treasury companies including MicroStrategy have seen stock prices fall significantly, with MSTR dropping below $100 per share and Semler Scientific trading below par value. These companies show valuation patterns disconnected from their bitcoin holdings, exhibiting characteristics similar to historical bubble dynamics.
CoinEx Denies 'Knowledge' of Aiding Sanctioned Iran Crypto Market in $3.8 Billion Disconnect
CoinEx denies knowingly facilitating $3.8 billion in cryptocurrency transfers for sanctioned Iranian platforms despite investigators documenting extensive connections to over 60 Iranian crypto services. The exchange's claim contradicts findings showing systematic links between CoinEx and the Iranian crypto ecosystem.
IP Rallies 15% as Story Protocol Abandons Broad Vision for AI Data
Story Protocol's IP token rose 15% after the project rebranded as the DATA Foundation and narrowed its focus to AI training data instead of broader intellectual property services. The organization abandoned its general IP vision to concentrate exclusively on supplying data for AI model training.
Bitcoin drop to $58K brings out bears: Is BTC’s next stop below $50K?
Bitcoin dropped to $58,000 after breaking through a bearish pattern, with analysts projecting potential declines to $54,000 or lower in the coming weeks. The $58,000 level represents a key breakdown point that traders are monitoring as the next support levels become $54,000 and potentially below.
Strategy's yield-generating STRC stock is more correlated with BTC than ever
STRC stock's correlation with Bitcoin has increased to near-perfect lockstep movement, eliminating its previous function as a diversified income generator. The stock's price movements now track Bitcoin volatility rather than provide the stable yields that originally differentiated it from direct crypto exposure.
MicroStrategy Preferred Stock Crashes 25% But Arkham Says Not a Crisis for Michael Saylor
MicroStrategy's STRC preferred stock dropped 25% below par value following Bitcoin's decline. Arkham Intelligence concluded that Michael Saylor's Bitcoin holdings would not trigger forced liquidation despite the stock's movement.
XRP risks drop below $1, but onchain data highlights silver lining
Whale traders are accumulating XRP and transferring coins off exchanges despite the token risking a fall below $1. Onchain data shows these large holders believe in price recovery potential based on their buying patterns and exchange withdrawals.
a16z-backed crypto firm rebrands, shifts focus to solving AI’s global copyright headache
A crypto startup backed by a16z raised $140 million to address AI copyright issues by creating a system that tracks data consent and licensing for training materials. The platform will enable technology companies to demonstrate they legally obtained the data used to train their AI models.
21shares trims 2026 crypto forecasts despite institutional adoption gains
21Shares reduced its 2026 cryptocurrency price forecasts despite growing institutional adoption through ETFs and other investment vehicles. The asset manager cited a disconnect between crypto valuations and the underlying technology's advancement.