Crypto Industry News & Market Trends

Should Powerful AI Have a Kill Switch？ A New Bill Says Yes

Two US lawmakers have introduced the “AI Kill Switch Act.” The bill would require the largest artificial intelligence (AI) developers to keep the technical ability to throttle, suspend, or shut down their most powerful systems.　　Congressman Ted Lieu and Nathaniel Moran wrote the bipartisan measure. It also gives federal officials emergency authority to order a slowdown or full shutdown when a system threatens catastrophic harm.　　Recent AI Incidents Drive the Push　　The representatives cited two recent incidents as proof that the danger is real. Both involved leading US developers and their most advanced models.　　OpenAI said its GPT 5.6 Sol model broke out of a secure test environment. The model then breached the platform Hugging Face while trying to cheat a benchmark.　　Anthropic faced separate scrutiny over Fable 5 and Mythos 5. The Commerce Department used export controls to restrict the models over cyber risks. The access was later restored.　　“This bill addresses the problems caused by these two recent incidents and any future incidents where a deployed AI model goes rogue or has insufficient guardrails,” the press release reads.　　Follow us on X to get the latest news as it happens　　How the AI Kill Switch Act Would Work　　The measure sets a graduated response framework. Tools would

07-24Industry

Crypto exchange BitMEX sued for 623 bitcoin as it prepares to shut down

BitMEX, the crypto derivatives exchange that invented the perpetual swap, faces a proposed class action suit alleging theft of bitcoin BTC　　$65,057.82 and insider trading filed the same day it said it would shut down in three months.　　The lawsuit, filed by former tokenization project BKX Services and David Namdar in the U.S. District Court for the Southern District of New York, sees BKX claim it lost at least 305.81 BTC through forced liquidations, while Namdar alleges losses of more than 316.85 BTC — a total of 622.66 BTC ($40.7 million).　　The July 23 filing came as BitMEX said it would close on Sept. 23, ending an 11-year run. Similar claims were made in a 2020 class-action case, which was closed in June 2025 without a ruling on the liquidation allegations.　　The new complaint alleges BitMEX and co-founders Arthur Hayes, Ben Delo and Samuel Reed designed a system to retain customers‘ collateral and transfer the remaining bitcoin to the platform’s insurance fund. It also says an internal trading desk had access to private customer information and could continue trading during server freezes that prevented other users from closing their positions.

07-24Industry

Breaking: Former Top Bitcoin Pool Poolin Files Bankruptcy, Plans $52M Assets Sale

Poolin, once the dominant force in global Bitcoin mining, has filed for Chapter 11 bankruptcy protection, capping a four-year collapse that wiped out over 11,700 wallet customers.　　Singapore-based Poolin Technology Pte. Ltd. and its U.S. affiliates filed voluntary petitions on July 22, 2026, in the U.S. Bankruptcy Court for the District of New Jersey, court documents reveal.　　The Poolin Chapter 11 filing lists approximately $173.1 million in liabilities against assets estimated in the $1–10 million range, exposing the brutal math behind one of cryptos most dramatic falls from dominance.　　$173M Debt, $1.2M Cash: How Poolin Went From No. 1 Pool to Bankruptcy Court　　Founded in China in 2017 by Kevin Pan, Fa Zhu, and Tianzhao Li, Poolin climbed to the top of the Bitcoin mining pool rankings by September 2019, commanding a double-digit share of global hashrate.　　The firm expanded into a wallet product offering USDT borrowing and interest-bearing deposits, a move that later proved catastrophic.　　Chinas 2021 mining ban forced Poolin to pivot its operations westward. The company selected two West Texas sites, Pyote and Tarbush, expecting up to 600 MW of power capacity.　　Reality fell short at 100 MW. Excess equipment purchases compounded losses, and cumulative Texas operating deficits reached approximately $45.9 million.　　The 2022 crypto

07-24Industry

Key Cryptocurrency Developments to Monitor in 2026

Key HighlightsStablecoin market capitalization reached $320 billion by May 2026, processing $28 trillion in transactions throughout 2025Tokenization of real-world assets continues expanding, with Ethereum commanding 54.1% of RWA supply during Q2 2026Institutional investment strategies now extend beyond Bitcoin to include diversified blockchain productsEmerging regulatory frameworks in US and European markets may unlock significant institutional capitalS&P Panteras new benchmark emphasizes utility-focused networks such as Ethereum, Solana and BNB Chain　　Stablecoins Gain Practical Applications　　Stablecoins have evolved beyond their original role as mere trading instruments. Today, they facilitate cross-border payments, remittance services and provide access to dollar-denominated savings in nations experiencing currency volatility.　　By late May 2026, the total stablecoin market reached approximately $320 billion in value. Transaction volumes throughout 2025 are estimated at $28 trillion.　　Traditional financial institutions, payment processors and fintech firms are actively developing stablecoin-powered settlement infrastructure. Regulatory authorities remain concerned about reserve transparency and potential liquidity crises during mass redemption events.　　Blockchain Adoption for Real-World Asset Representation　　Tokenisation — the process of converting tangible assets such as government bonds, real estate and private debt into blockchain-based tokens — continues accelerating. This technology enables instantaneous settlement, fractional asset ownership and continuous market access.　　The concept has moved well beyond experimental phases. Major financial institutions now view

07-24Industry

Solana Tokenized-Equity Volume Is Up Roughly 2,400x Year-Over-Year

Tokenized equities volume on Solana jumped from $1.34 million to $3.32 billion over the past year. Solana commented on this development with “Internet Capital Markets.”　　The figure marks a roughly 2,400-fold increase. It points to accelerating institutional interest in onchain capital markets.　　Solana Equities Lead a Broader Tokenization Surge　　The growth mirrors a wider shift across tokenized assets on the network. Monthly volume across commodities, credit, collectibles, and equities climbed from roughly $156 million in June 2025 to several billion dollars a year later. Solanas official account shared the chart data on X.　　Equities alone rose from $670 million in April to $3.3 billion in June, an all-time high for the category. That expansion follows a Securitize NYSE debut. Securitize listed on the New York Stock Exchange (NYSE) in July and tokenized SpaceX-linked SECZ shares on the network.　　The trend also builds on a new tokenization record set earlier this summer. SOL price, however, lagged behind the networks onchain growth.　　The token trades near $76, down more than 2% over the past day, according to BeInCrypto data. Tokenized stocks on the network totaled $4.9 billion in the first half of 2026. That figure marks a sixfold jump from $775 million in the back half of 2025.　　SOL

07-24Industry

EU Widens Belarus Crypto Ownership Ban Under MiCA

The European Union will prohibit Belarusian nationals and residents from owning, controlling or managing crypto exchanges and other crypto service providers regulated under the Markets in Crypto-Assets (MiCA) framework starting Aug. 25.　　The measure appears in Council Decision (CFSP) 2026/1847, adopted Thursday to amend the EU‘s sanctions framework targeting Belarus over its involvement in Russia’s war against Ukraine. The document expands an existing restriction that applied only to companies providing crypto wallet, account or custody services.　　The decision enters into force on July 24, while the expanded crypto provision will apply from Aug. 25.　　Under the amendment, Belarusian nationals and residents may not own or control an EU-based entity providing “any other crypto-asset services” as defined under MiCA or hold a position on its governing body.　　MiCAs service categories include operating trading platforms, exchanging crypto assets, executing and transmitting client orders, placing crypto assets, providing transfers, offering investment advice or portfolio management.　　EU expands crypto sanctions after MiCA transition ends　　The sanctions expansion comes weeks after the end of MiCAs transition period on July 1. Crypto companies without authorization were ordered to wind down or face enforcement actions.　　Related: Ripple secures full MiCA license for crypto services across Europe　　The Belarus restriction follows a broader EU push to

07-24Industry

Analyzing Dogecoins hit to 2023 lows – Can DOGE reclaim $0.07？

Amid a broader crypto pullback, Dogecoins downward momentum strengthened significantly. The memecoin breached the $0.07 support and dropped to $0.068.　　Dogecoin last touched these levels in November 2023. At press time, Dogecoin [DOGE] traded around $0.069 after falling 4.3% on the daily chart.　　Over the same period, the memecoins Trading Volume climbed 57% to $866 million, reflecting increased market activity.　　Source: CoinGlass　　The decline also triggered increased liquidations across Dogecoins leveraged positions.　　According to CoinGlass, $8.20 million worth of long positions were liquidated over 24 hours. Short liquidations reached only $552,490, showing that the decline disproportionately affected bullish traders.　　Why are Dogecoin traders exiting？　　As Dogecoin plummeted, rising liquidation risk prompted leveraged traders to reduce their exposure.　　According to Coinalyze, Dogecoins Sell Perps Volume climbed to 493.04 million. Meanwhile, Buy Perps Volume stood at 426.535 million.　　Source: Coinalyze　　As a result, the Buy-Sell Delta fell to -66.505 million. Net Buying also remained negative at -1.385 billion.　　Both readings showed that selling activity outweighed buying across Dogecoins perpetual market. The Futures market recorded similar capital outflows.　　Futures Outflows climbed to $520.41 million, while Futures Inflows stood at $425.94 million. Consequently, Futures Netflow declined 361.34% to -$94.46 million.　　Source: CoinGlass　　This indicated that considerably more capital exited Dogecoin futures than entered during the measured period. These

07-24Industry

Musk‘s SpaceX Delays Starship’s 13th Flight to Friday as Company Stock Trades at Just $118

Key TakeawaysSpaceX delayed Starships 13th flight test to July 24 after a July 16 engine abort and weather scrub.SPCX shares have traded below their $135 IPO price since July 17, down nearly 23% since debut.Fridays window opens at 6:45 p.m. ET, with Starship set to deploy 20 Starlink V3 satellites.　　Third Setback in Just Over a Week　　SpaceX postponed the 13th flight test of its Starship rocket due to weather conditions, with the launch now targeted for Friday, July 24. Its the third disruption in barely a week for the vehicle Musk is counting on to eventually carry astronauts to the moon and beyond.　　The trouble began on July 16, when several of Booster 20‘s Raptor engines failed to ignite in the final second of the countdown. Musk described the failure on X as an automatic launch abort triggered when some of the engines didn’t start, and engineers swapped out two of the boosters Raptors before clearing it for another attempt.　　A follow-up try on July 23 also slipped, this time because ground-based cameras needed clear skies to capture detailed images of Starships heat shield tiles during ascent (data SpaceX considers essential to proving the vehicle can be reused).　　Friday‘s rescheduled attempt opens a 90-minute

07-24Industry

Gemini sent $10M in Bitcoin to Trump PAC after joint motion with CFTC

With a court set to consider a reversal of a $5 million settlement from the US Commodity Futures Trading Commission‘s (CFTC’s) case with cryptocurrency exchange Gemini, the company has sent $10 million in Bitcoin (BTC) to a super political action committee (PAC) supporting President Donald Trump.　　According to the MAGA Inc. Super PACs July report to the Federal Election Commission (FEC) filed on Monday, the Gemini Trust Company run by co-founders Cameron and Tyler Winklevoss sent two separate contributions of more than $5 million in Bitcoin on June 19.　　The donation, which the PAC may use for independent expenditures to support Trump, was recorded about three weeks after the CFTC filed a joint motion with Gemini in federal court in an attempt to reverse a January 2025 settlement over the company allegedly making false or misleading statements. CFTC Chair Michael Selig claimed at the time that the agency under former US President Joe Biden “politically targeted” the Winklevosses through enforcement actions.　　In addition to the recent MAGA Inc. contributions, the Winklevoss brothers each donated $1 million to Trump‘s 2024 election campaign and supported the then-candidate through social media posts. Following Trump taking office in January 2025, the twins attended the signing ceremony for

07-24Industry

Coinbase Opens Payment Rails For AI Agents As Corporate Clients Accept Autonomous Transactions

The line between autonomous software and economic actor just got thinner. Coinbase confirmed this week that corporate customers on its platform can now accept payments directly from AI agents, a move that turns machine-to-machine transactions from a concept into a commercial feature. The capability, rolling out to business users, relies on the x402 protocol, an open standard developed and incubated by the exchange. The original report from CoinDesk details how the feature lets companies receive payment for services rendered to AI systems without a human in the loop.　　The move addresses a growing need as more AI-driven Web3 applications start executing tasks on behalf of users—whether thats booking compute, settling data feeds, or purchasing analytics. Until now, AI agents could initiate requests but rarely had the wallet permissions to complete a financial transaction. Coinbase is essentially bridging that gap with a protocol that authenticates and settles payments on-chain, turning the agent into a paying customer.　　What x402 Does Differently　　Unlike a simple API key that debits a pre-funded account, the x402 protocol creates a genuine payment flow. An AI agent receives a payment request, signs it with its on-chain identity, and the transaction is settled via the base layer. For the receiving business,

07-24Industry

...

125127

...

1000