Bitmine generated $46M from Ethereum staking last quarter
Ethereum staking generated 98% of Bitmine’s revenue last quarter as the company’s pivot from Bitcoin mining gained momentum following its March validator launch.
Crypto
Over 95% of Coinbase’s code is now written with help of AI
Coinbase’s Rob Witoff said the company is leaning more on AI to help with execution, but still needs high-agency humans for judgment and strategy.
Three US senators oppose CLARITY Act on ethics grounds with vote expected soon
Senate Majority Leader John Thune reportedly said the chamber will consider a vote on the crypto market structure bill before Aug. 10, though it’s unclear whether it has enough Democratic support to pass.
U.S. CFTC moves to stop Kalshi from canceling trades as ordered by Michigan court
The U.S. Commodity Futures Trading Commission threw itself in between Michigan courts and prediction market firm Kalshi on Tuesday, issuing an order to disallow the company from meeting a local court demand that it canc…
Velocity raises $38M to build stablecoin treasury infrastructure for enterprises
Backed by Dragonfly, FirstMark and Coinbase Ventures, the startup is expanding software that helps businesses integrate stablecoins into treasury and payment workflows.
DeepMind CEO Says AGI Will Be Bigger Than Electricity or Fire
For the second time this year, Demis Hassabis predicted that artificial general intelligence would arrive before the end of the decade. This time, however, he said it won't simply be another technological breakthrough—i…
US, UK treasuries to align transatlantic rules on tokenization and stablecoins
The US Department of the Treasury and HM Treasury released a set of recommendations as part of the Transatlantic Taskforce for the Markets of the Future, which included stablecoin activity and tokenized finance.
Some U.S. Senate Democrats come out against Clarity Act, calling it a 'corrupt' bill
WASHINGTON, D.C. — Three Democrats from the U.S. Senate argued there are "lots of reasons" to oppose the currency crypto legislative effort even as advocates of the Digital Asset Market Clarity Act seek to craft a versi…
Binance bets on becoming a crypto 'super app' as stablecoins reshape growth
Binance believes its next phase of growth will come from payments and financial services rather than cryptocurrency trading alone, as stablecoins reshape how people use digital assets, according to Shunyet Jan, the exch…
UK government defers capital gains on certain crypto with ‘no gain, no loss’ approach
The UK’s tax authority announced that it planned to treat “certain disposals” related to cryptocurrency lending and liquidity pools as transactions that would effectively defer the country’s capital gains requirements.
JCB signs Circle MOU to test stablecoin payments in Japan
The companies will explore using USDC for JCB’s cross-border treasury operations and merchant payments in Japan as regulated stablecoin adoption gains momentum.
CleanSpark shares jump 22% after $6.6B Georgia data center lease
The Bitcoin miner’s Georgia agreement with an undisclosed investment-grade technology company expands its footprint in AI and high-performance computing infrastructure.
Bitcoin Ticks Up to $64K Following Largest Inflation Slowdown in Six Years
Bitcoin ticked above $64,000 Tuesday morning, after a widely watched inflation gauge showed consumer prices cooling more than expected in June—bolstering expectations that the Federal Reserve will leave interest rates u…
UK to Defer Capital Gains Tax on DeFi Lending, Liquidity Pool Deposits
The UK’s HM Revenue & Customs has confirmed that depositing cryptoassets into DeFi lending protocols and liquidity pools will no longer count as a taxable disposal, deferring any capital gains tax until an investor make…
Anchorage Digital expands Tron support with institutional TRX staking
Institutions can now stake Tron's native token directly from Anchorage's custody platform as the company expands support for one of the largest USDT settlement networks.
JPMorgan says Hyperliquid's rise threatens Circle's USDC economics
JPMorgan (JPM) lowered its forecasts for Circle Internet (CRCL) and Coinbase (COIN), saying their revamped agreement with Hyperliquid weakens the economics of Circle's USDC and posed a bigger long-term threat to the sta…
Bitcoin jumps on lowest US CPI since 2020 as traders stay wary of $64K failure
Bitcoin (BTC) spiked past $64,000 into Tuesday’s Wall Street open as US inflation saw a surprise sudden downturn.
Ethereum Foundation spinout EthSystems targets banks with blockchain privacy technology
A team of former Ethereum Foundation researchers focused on institutional privacy has launched EthSystems, a new for-profit company aimed at building confidentiality infrastructure for financial institutions using Ether…
OpenAI quietly adds Kalshi World Cup odds to ChatGPT: Report
OpenAI’s ChatGPT now displays Kalshi’s World Cup prediction market odds in search results, marking the AI firm’s first reported deal with a prediction market platform.
Strategy became a symbol of the dot-com crash: Could history repeat?
MicroStrategy blew up during the dot-com era, before Michael Saylor transformed it into the world's largest corporate Bitcoin holder. Did he learn his lesson?
Humanity Protocol to prioritize operational security following $36M hack
Humanity Protocol’s founder said they will refocus on operational security, as malicious actors are switching from smart contract vulnerabilities to exploiting human behavior.
Hut 8 price target hiked to $165 at Benchmark as AI pivot reshapes valuation
Wall Street broker Benchmark nearly doubled its price target on Hut 8 (HUT) to $165 from $85, saying the commercialization of the company's Beacon Point AI data center campus significantly increases its valuation and re…
U.S. June CPI fell 0.4%, likely cooling move toward Fed rate hikes
U.S. inflation in June came in far softer than forecast, likely putting on hold what were fast-rising expectations for imminent Federal Reserve rate hikes.
Morning Minute: Saylor's Strategy Hoards Cash, Doesn't Buy BTC
Strategy’s Bitcoin-buying machine stayed in neutral last week. The company raised $467M by issuing common stock and put all of it toward cash, lifting its USD Reserve to a record $3B. That means no Bitcoin purchase for …