Crypto News
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Crypto
19 stories in this section
Metaplanet CEO gives up $220 million in stock rights as company reassesses Bitcoin strategy
Metaplanet has reset its Series 10 stock acquisition rights, eliminating more than $220 million in warrant value and related compensation after concluding that later Bitcoin purchases created less value per share.
SEC Transfer-Agent Proposal Could Reduce Friction for Tokenized Securities
The SEC has proposed overhauling transfer-agent rules, a move that could eliminate duplicate shareholder records for tokenized securities, reduce reconciliation costs and lessen legal uncertainty around blockchain-based ownership records.
Crypto Groups Seek Court Suspension of Illinois Tax as Lawsuit Continues
The Crypto Council for Innovation and Blockchain Association asked a court to suspend an Illinois tax through a preliminary injunction. The motion follows their lawsuit, filed a few weeks earlier, seeking to block the law.
Anthropic researcher resigns after warning AI could become an existential threat
Anthropic researcher Coxon resigned after saying on X that AI developers seriously believe the technology could kill humanity before the end of the decade. CoinDesk reported the warning, without detailing a company response or market impact.
Irish Gangs Are Renting Private Vaults to Hide Crypto Keys
Ireland’s Criminal Assets Bureau says criminal groups are storing cryptocurrency keys in rented private vaults, alongside cash, watches and passports. Decrypt reported the disclosure, which names no specific tokens or providers.
FinCEN Links $13B in Crypto Scams to Southeast Asia-Based Criminal Groups
FinCEN reported that transnational criminal organizations operating from compounds in Southeast Asia were largely behind digital asset scams targeting US residents, with the activity linked to about $13 billion in cryptocurrency-related scams.
Michigan Order Puts Kalshi Sports Contracts Offline, With $500,000 Daily Fines
Michigan has ordered Kalshi to remove sports event contracts and faces the platform with potential daily fines of $500,000. The preliminary injunction remains active until a final order and includes a futures broker notice requirement.
Revolut and OpenReserve receive preliminary US bank approval with crypto plans
Revolut and OpenReserve received preliminary OCC approval to form US national banks. Both companies plan to offer cryptocurrency and stablecoin-related services, although final authorization, product details and launch timing were not provided.
Coinbase to Move $227 Million Book to Venue Holding More Than 96% of Its Derivatives
Coinbase plans to move roughly $227 million from its International Exchange book to an offshore venue holding more than 96% of its derivatives. The cutover is scheduled for Sept. 9, according to CryptoSlate.
BofA, Citi and Goldman Sachs Join 21-Institution Stablecoin Venture
Bank of America, Citigroup and Goldman Sachs are among 21 institutions planning a stablecoin venture. The project will start with a US dollar stablecoin before expanding to other G7 currencies, with the euro next.
Saylor asks MSCI to reject rule that could remove Strategy from global indexes
Michael Saylor is calling on MSCI to drop a proposed screening rule that could remove Strategy from its global indexes. The screen would affect three companies in November, with Strategy the largest of them.
Strategy Challenges MSCI Plan to Exclude Bitcoin Treasury Firms
Strategy has challenged MSCI’s proposal to remove it from the Global Investable Market Indexes. Michael Saylor and Phong Le called the plan flawed and accused MSCI of discriminating against digital asset businesses.
Meta Tests Robots as AI Infrastructure Expansion Raises Automation Concerns
Meta is testing robots in its data centers while expanding AI infrastructure. The company says it needs more skilled workers, but employees fear automation could reduce or eliminate some existing roles.