Market news
Crypto, stocks, forex and macro, aggregated for traders.
BitMart is the Third Exchange to Quit in a Month, and Its CEO Found Out From the Press
BitMart is winding down, ending trading by Aug. 26 and operations by Jan. 31, 2027. Former CEO Nenter Chow said he was fired days earlier and learned of the decision when it went public.
DeFi Frontends May Face Separate Regulatory Burden, Lawyer Warns
Even if a DeFi protocol operates autonomously, its frontend can attract its own legal scrutiny and be treated as a standalone service, according to cryptocurrency attorney Sergey Ostrovsky.
Uzbekistan Grants Tax Exemptions to Miners in Special Zone Until 2035
The government of Uzbekistan has exempted mining operators in the Besqala Mining Valley in Karakalpakstan from activity fees until January 1, 2035, aiming to boost incomes and attract foreign investment.
Miners Advised Against Buying GPUs for AI Infrastructure
Alpine Fox founder Mike Alfred warned bitcoin miners about the risks of owning GPUs for AI, advocating colocation as a safer, more financeable option.
Stablecoin Market Cap Falls Over $10B from May Peak; June Transactions Hit Record
The market capitalization of stablecoins has declined by more than $10 billion from its May high to $310 billion, marking the largest monthly drop since the Terra collapse. However, June transaction volume surged to a new record of $1.79 trillion, up 63% month-over-month.
Elon Musk Says AI Could Surpass Human Intelligence Within Five Years, Foresees ‘Age of Abundance’ by 2036
In an interview with The Economist, Elon Musk predicted that AI could exceed the collective intelligence of humanity in about five years and that humans may lose control of the technology within the next decade. He envisioned an ‘age of abundance’ by 2036 but acknowledged the risk of catastrophe is not zero.
Bitmine Expands Ethereum Holdings and Staking Operations
Bitmine Immersion Technologies increased its Ethereum reserves over the past week and staked a large portion via its own validator operations, citing ETH’s recent outperformance against Bitcoin.
Nexo Reaffirms EU Compliance
Nexo has confirmed its product compliance across the European Economic Area, ahead of MiCAR's enforcement, using a licensed-partner model with Tangany and DLT Finance.
Nexo Confirms EEA MiCAR Compliance via Two Licensed Partners
Nexo says its EEA services continue after the MiCA transition ended, using Tangany for custody and DLT Finance for brokerage rather than holding its own CASP licence.
CZ Backs ASEAN Crypto License Passporting in First Philippines Appearance
Binance founder Changpeng Zhao made his first public appearance in the Philippines at the ASEAN Tech Summit Manila 2026, where he endorsed a framework for mutual recognition of crypto licenses across the region.
Hong Kong Banks Score Just 2.3 Out of 10 on Quantum Threat Readiness
The Hong Kong Monetary Authority assessed local banks' preparedness for quantum computing threats at only 2.3 out of 10, with half lacking a formal migration plan.
Drift’s $285M Hacker Breaks Silence With a Big Move
A wallet linked to the $285 million Drift Protocol exploit transferred over $44 million in ETH to Tornado Cash, marking the first major movement of stolen funds in three months.
Binance App Disappears From Google Play in Parts of the…
Binance's Android app has disappeared from Google Play in Spain but remains available in Poland and other app stores, raising questions about MiCA licensing requirements after the exchange withdrew its Greek authorization application.
Bitcoin Reclaims $65K as US-Iran Strikes Pause; Hack Losses Mount
Bitcoin bounced above $65,000 after the US and Iran halted military exchanges. Triple-A’s exploit losses climbed to $11.8 million, and Thailand’s SEC took action against Bitkub.
Russia Passes Digital Currency Law, Regulated Trading from Sept 2026
Russia’s State Duma adopted the law ‘On Digital Currencies and Digital Rights’ in final readings, introducing licensed intermediaries, regulated exchange trading and central bank oversight. Main provisions take effect on 1 September 2026, with a transition period until July 2027.
Crypto Firms’ AI Pivot Fails to Stop Stock Rout, Median Drop 43%
At least 12 companies that previously bought digital assets have pivoted to AI-related ventures, yet the shift failed to revive investor interest, with Bloomberg-tracked shares of US and Canadian DAT firms falling a median 43% year-to-date.
Kraken Parent Payward Buys Magic Labs' 60M-Wallet Unit
Payward, Kraken's parent, agreed to buy Magic Labs' wallet-as-a-service unit, adding embedded non-custodial wallet tech to its enterprise platform. Magic Labs will focus on Newton Protocol.
Coinbase CEO calls pivot from crypto to AI a ‘mistake’
Brian Armstrong says blockchain projects should not pivot to artificial intelligence, calling it a zero-sum mistake. He argues the distributed ledger is a general-purpose technology on which future products will run.
Crypto yield premium vanishes as SME funding gap widens
After Fed rate hikes in 2022, low-risk DeFi yields fell below Treasury yields, removing the incentive for onchain capital. Meanwhile, SME lending in the EU dropped 12% in 2023, creating a €39B annual funding gap.
Bitcoin Reclaims $65,000 as Oil Drops, Ethereum Jumps 4.2%
Bitcoin returned above $65,000 amid easing Middle East tensions and falling crude prices. Ethereum surged 4.2% to $1,960, while Solana and XRP gained 1–2%.
Bitcoin Could Be First Target of Quantum Computing Threat, CEO Says
Quantum Xchange CEO Eddie Zervigon warns that cryptocurrencies like Bitcoin could be the first to face a practical quantum computing threat as hackers target blockchain encryption. Deutsche Digital Assets also highlights Bitcoin's slow governance as a key vulnerability.
Binance Fires Staff Who Fail Monthly Phishing Tests
Binance runs mandatory monthly phishing simulations via an internal red team, with repeat failures affecting performance reviews and potentially leading to termination, according to CSO Jimmy Su.
Storj Files for Chapter 11 Bankruptcy, Offers Equity to Token Holders
Decentralized storage provider Storj Labs has filed for Chapter 11 bankruptcy protection, while planning to give STORJ token holders a stake in the reorganized company. The token price dropped more than 15% on the news.
Crypto Payment Gateway Triple-A Hacked: $9.7M Stolen and Converted to 5,227 ETH
An unknown attacker drained over $9.7 million from Triple-A wallets across TRON, Ethereum, Polygon, and Arbitrum, swapping the funds to ETH and accumulating approximately 5,227 ETH on a single address.