BitTorrent Launches Web3 Infrastructure with BTT Burn
@BitTorrent completes its inaugural BTT buyback and burn, removing over 21 trillion tokens from circulation, boosting investor confidence as BTT gains 30.3% in three months. #Update #Crypto $BTT
Crypto News
General category for all types of news related to the cryptocurrency world.
Citi Bank of America Ban AI Access
@Citigroup and @BankofAmerica restrict AI agents’ access to customer accounts due to risks of mass fund transfers, while JPMorgan Chase plans similar measures; deposit shifts could cost banks $47B annually. #Update #Crypto $USDT
Americans Reject Election Betting by 70%
Most Americans oppose betting on elections, with 69% of Democrats and 61% of Republicans against prediction markets. Legal disputes over regulation continue, potentially escalating to the Supreme Court. #Update #Legal $BTC
Stablecoin Adoption Hinges on Bank Influence
A BIS working paper finds higher U.S. bank deposit rates slow stablecoin growth, impacting $USDC more than $USDT; regulators urged to consider yield payments. #Update #Crypto $USDC
Crypto Hacks Cost Investors $1.18 Billion
Crypto audits provide a false sense of security as Q3 hacks led to $1.18 billion in losses, with 77% linked to compromised suppliers and delayed fixes. #Update #Crypto
Russia Bans P2P Crypto by July 2027
Russia mandates crypto transfers via 13 licensed exchanges, bans direct P2P trading by 2027 to curb tax evasion; self-custody wallet transactions restricted. #Update #Legal
Cysic Crypto Bridge Halts After 10M CYS Mint
@Cysic has halted its cross-chain bridge after an attacker exploited a flaw to mint 10 million CYS on BNB Smart Chain. No user assets were compromised; investigation ongoing. #Update #Crypto $CYS
AI Safety Bill Launches to Limit Government Control
@Anthropic proposed a federal AI safety bill limiting government intervention on advanced AI models, allowing halts only for severe risks exceeding $1B or 50+ casualties. #Update #Legal
Chinese Suspect Arrested in $75M Crime Network
Thai police arrested a 37-year-old Chinese man linked to a $75M international crime network, involved in cryptocurrency transactions and visa arrangements for criminal groups. Legal proceedings underway before extradition to China. #Update #Legal $USDT
Chip Stocks Lose $52 Million in 10 Minutes
A sudden 10-minute flush caused $52 million in losses for chip-stock contracts while U.S. markets were closed, leaving traders without a reliable share price. #Update #Crypto $BTC
China Launches 16-Year Iron Battery
Researchers at the Chinese Academy of Sciences redesigned an alkaline all-iron flow battery electrolyte, achieving 6,000 cycles with no capacity loss, targeting grid storage. #Update #Tech
OKXICE Faces 9 Objections in Trading
Nine U.S.-listed companies, including @Broadcom and @Verizon, object to OKXICE’s tokenized shares plan despite SEC relief. This challenges Wall Street’s blockchain aspirations.
USDC Defends Stability Amid Rival Offers
@Circle defends USDC’s economics as competitors, including @Coinbase’s Open USD, offer higher reserve income to partners after fees. #Update #Crypto $USDC
USDC Payouts Surge $819M Amid Scrutiny
Circle reports $1.4B revenue in H1 2026, spending $819M on distribution costs, highlighting stablecoin network expenses. @Coinbase is a key partner. #Update #Stablecoin $USDC