Bitwise Cuts 14% of Staff as Crypto Slump Reaches ETF Issuers
The reduction matches the percentage shed by Coinbase in May, and follows shutdowns at BitMEX and BitMart.
Crypto
FlightAware drops Kalshi lawsuit over a market niche that data shows it never took off
The flight-tracking company voluntarily dismissed, without prejudice and without sharing a motive for its decision. However, the flight cancellation market never took off with Kalshi users.
Russia moves to restrict retail crypto trading to bitcoin, ether and USDT
Non-qualified investors face a 300,000-ruble (approx. $3,600) annual purchase limit per intermediary, while qualified investors have no cap.
XRP trading could get spicy after CPI report as futures bets hit highest since October
Your day-ahead look for Aug. 12, 2026
Harmony’s ONE Sinks 37% After Attacker Mints 4 Billion Tokens
The team is weighing a rollback, which would undo the attack along with every legitimate transaction made since.
Bitcoin holds near $64,000 as U.S. inflation data looms, Harmony exploit rattles altcoins
Markets are quiet ahead of the July inflation print, with bitcoin little changed, oil near $90 and Harmony nursing a fresh exploit.
Binance, RedotPay clash over fate of Singapore lawsuit
Amid a $473 million legal dispute, RedotPay says it expects Binance to end its Singapore case, while Binance says its claims remain active.
Bank of England to test stablecoin, digital currency use in cross-border finance
The BOE-led Digital Pound Lab will test trade-finance interoperability, in which exporters receive stablecoins while importers settle in a potential digital pound.
Bitcoin miners earn under 0.7% of revenue from fees in new 10-year low
Bitcoin miners showed a “concerning” trend of pivoting to AI amid a profit squeeze as transaction-fee income barely bounced from 10-year lows of 0.52% of revenue.
CoreWeave surges 16% on $2.58 billion revenue quarter as AI infrastructure demand eclipses crypto
Booming AI demand sends CRWV up 16% and lifts IREN and CIFR as investors favor computing infrastructure over crypto.
Fidelity moves to add staking, quarterly payouts to near $900 million ether ETF
The fund would keep 85% of gross staking rewards, with the remaining 15% going to service providers.
CFTC Invokes Emergency Powers to Keep Kalshi Trading Despite New York Suit
Kalshi triggered the order, notifying the agency of a market emergency after New York moved to bar its contracts nationwide.
Crypto companies urge AI firms to give Bitcoin developers early access
The Bitcoin Policy Institute and other industry participants urged AI companies to offer early access to their frontier models to aid Bitcoin and open-source developers in their cybersecurity efforts.
One overlooked group has added $1.78 billion of selling pressure to bitcoin market
Public miners are an underappreciated source of supply hitting the market right at the margin.
Inside the fake crypto startup that fooled North Korean IT workers
Suspected North Koreans IT workers joined a fake crypto startup — without realizing their every move was being tracked to extract valuable intel.
Live updates: Bitcoin at $63,600 as Japan’s Metaplanet moves 3,881 BTC between wallets
Blockchain data shows the Japanese treasury firm moved the bitcoin between wallets it controls, not to an exchange, so the transfer isn’t a sale despite its $1.4 billion paper loss.
Harmony considers rollback after suspected exploit inflates ONE supply
Harmony is working with exchanges to freeze funds and is preparing a patch after claims that 2.8 billion unauthorized ONE hit trading platforms.
Crypto.com rolls out tokenized stock derivatives as crypto exchanges push into equities
The exchange is joining a tokenized stock market that has grown 600% in a year, though its products offer price exposure rather than share ownership.
Here’s what bitcoin and ether traders are doing ahead of the binary U.S. CPI print
Bitcoin and ether are stuck in a tight range ahead of the CPI. Here’s how savvy traders are positioning for the pivotal release.
Harmony’s ONE dives 26% after an attack appears to mint tokens equal to quarter of supply
Harmony said in Asian morning hours it is working with exchanges to freeze funds and preparing a software fix.
Dogecoin and BNB lead majors higher as bitcoin slips near $63,700
DOGE gained almost 3% to 7 cents and BNB 2% to $614, while bitcoin was the only major in the red on both the day and the week.
CFTC invokes emergency powers to keep Kalshi operating in New York fight
The order escalates a jurisdictional fight over whether states may treat federally regulated event contracts as illegal gambling.
XRP bridge drained for $200,000 after software mistook fake deposits for real ones
An attacker created unbacked XRP on another blockchain, then exchanged it for real XRP held in reserve. The bridge has been halted and its operator has filed a complaint with the FBI.
Ravencoin hits record low as network exploit puts transactions at risk
Mining pools controlling most of Ravencoin’s hash rate are building a competing chain that could trigger a three-day reorganization.
Ravencoin hits record low as network exploit puts transactions at risk
Mining pools controlling most of Ravencoin’s hash rate are building a competing chain that could trigger a three-day reorganization.
SEC, CFTC sue Goliath Ventures over $400M crypto Ponzi scheme
Regulators allege Goliath promised crypto liquidity-pool returns but instead paid earlier investors and funded its founder’s luxury spending.
Another OpenAI Exec Quits in Leadership Shake-Up as AI Giant Eyes IPO
The former operating chief is starting a new venture following several departures across the ChatGPT developer’s leadership and safety teams.
Bitcoin stuck as ETF inflows offset selling, but inflation data could spark a move
Weeks of sideways trading have crushed volatility, leaving Wednesday’s inflation report as the next potential catalyst, analysts said.
CFTC orders Kalshi to continue offering prediction markets in New York after state lawsuit
New York sued Kalshi last month in a bid to block it from operating sports-related prediction markets.
BTCPay Backers Offer Bitcoin Bounty After Wallet Exploit
The reward aims to recover Bitcoin stolen after attackers gained access to connected LND wallets.