CLARITY hopes fade, BitMEX shuts as lawsuit looms: Hodler’s Digest, July 26
Despite support from Goldman Sachs, Fidelity and law enforcement bodies, the Clarity Act’s chances dim. BitMEX to close as crypto consolidates into five big players.
Crypto
WEMIX says attacker moved about $724,000 after contract breach
WEMIX suspended bridges, liquidity-pool trading and several services after an attacker compromised a WEMIX$-linked contract and moved 724,198 USDC.e.
Bitcoin Price Prediction: Support at $59,000 Could Decide the Next Move
Bitcoin remains in a bear market but may be entering its final stretch, according to a chart analyst tracking the cryptocurrency’s historical four-year cycle, with a possible bottom forming as soon as October.
Morpho Whale Accumulation Grows, But Price Remains Range-Bound—Here’s What It Means
The post Morpho Whale Accumulation Grows, But Price Remains Range-Bound—Here’s What It Means appeared first on Coinpedia Fintech News
CFTC issues second warning to prediction markets on cookie-cutter self-certifications
For the second time this year, the regulator told prediction markets to stop issuing overly broad, template-style certifications of events contracts.
XRP Ledger’s Big Upgrade Just Cleared Its Final Vote, Here’s What’s Coming
XRP has already dipped as low as $1.01 during the ongoing bear market pullback, reviving talk that the token could briefly slip below a dollar before this cycle’s downturn runs its course.
U.S. regulator warns prediction markets against cutting corners in event contracts
The U.S. Commodity Futures Trading Commission, which has claimed a role as the leading regulator of prediction markets firms run by companies such as Kalshi, Coinbase, Polymarket and Crypto.com, issued an advisory on Fr…
Russia’s Sberbank to launch crypto trading infrastructure this year
Russia’s biggest bank plans to create cryptocurrency trading infrastructure by Dec. 1 as the country is set to establish rules for market participants while allowing crypto assets to be used in foreign trade operations.
Mira Murati’s Inkling AI Model Review: Best Open-Source Model in the West
Mira Murati spent two years building something new after leaving OpenAI, finally revealing it to the public last week.
Bitcoin OG selling eases as dormant BTC movement hits 4-year low: Thorn
Dormant Bitcoin activity fell to its lowest level since Q3 2022, suggesting long-term holders have slowed distribution after heavy profit-taking.
Zcash (ZEC) Price Nears Major Breakout as $500 Liquidity Zone Comes Back Into Focus
The post Zcash (ZEC) Price Nears Major Breakout as $500 Liquidity Zone Comes Back Into Focus appeared first on Coinpedia Fintech News
Shiba Inu surges 36% as South Korean traders fuel mystery rally
Shiba Inu rose 36% to about $0.0000057 on Sunday, adding roughly a billion dollars to its market value in a day, with no announcement or development to account for it.
Europe's high regulatory bar could spark new crypto industry M&A wave
The race to secure Markets in Crypto Assets (MiCA) licenses may be over, but Europe's landmark crypto rulebook is already entering a new phase, one that could reshape the industry's ownership structure.
South Korea’s largest bank to launch payment service on JPMorgan’s Kinexys
South Korea’s largest lender will use JPMorgan’s blockchain platform to support US dollar cross-border payments for import and export businesses across 10 countries.
BitMart to wind down exchange, end trading by Aug. 26
Crypto exchange BitMart said it will wind down operations after its BMX token plunged and users reported withdrawal delays, with platform operations set to end in January.
Crypto exchange BitMart to shut down after nine years, BMX token crashes 58%
Cryptocurrency exchange BitMart said Sunday it will wind down its trading platform, ending nine years of operation and sending its exchange token down almost 60% after the announcement.
Binance ‘red teams’ its own staff every month to keep hackers out
Binance regularly tests its employees for security hygiene, with social engineering becoming a major source of industry breaches.
Dogecoin Price Rebounds as Shiba Inu Gains Strength—Can DOGE Rally Higher This Month?
The post Dogecoin Price Rebounds as Shiba Inu Gains Strength—Can DOGE Rally Higher This Month? appeared first on Coinpedia Fintech News
North Korea arrests hackers accused of laundering stolen funds from country's bank via crypto
North Korean authorities arrested former military hackers accused of stealing state funds from two banks and laundering the proceeds through cryptocurrency.
Avalanche Price at a Crossroads: Short-Term Breakout Awaits Weekly Confirmation-What’s Next?
The post Avalanche Price at a Crossroads: Short-Term Breakout Awaits Weekly Confirmation-What’s Next? appeared first on Coinpedia Fintech News
Wise to resubmit US charter application under GENIUS Act
The OCC denied the UK company’s application this week citing AML/CFT risks, despite approving similar charters for digital asset companies in the last year.
What Is an AI Kill Switch and Why Do US Lawmakers Want One?
Two members of Congress want the federal government to be able to switch off an AI model.
Dango Shutdown Marks Another Crypto Project Exit as DeFi Platform Winds Down Operations
Dango will permanently halt trading on July 29 before shutting down its Layer 1 chain on August 13.
Bitcoin advocacy group to join US State Department’s ‘digital freedom’ program
The Bitcoin Policy Institute and three partner organizations will be able to send employees to work alongside State Department officials to address issues including digital freedom.