Crypto Industry News & Market Trends

Telegram restored after Apple briefly removes app over CSAM review

Apple has restored Telegram to the App Store after briefly removing the messaging platform over content that violated its child sexual abuse material policies, while the Telegram-linked Gram token has recovered most of its losses.　　SummaryApple restored Telegram to the App Store after the platform removed content that violated its child sexual abuse material policies and banned the responsible user.Gram briefly dropped more than 6% after reports of the removal before recovering most of its losses.Telegram said it has removed more than 337,900 CSAM related groups and channels during 2026 as part of its enforcement efforts.The App Store incident comes as Telegram and founder Pavel Durov continue facing separate legal proceedings in Russia, Australia and France.　　According to a report by Forbes, Apple temporarily removed Telegram from the App Store after its review identified content that breached the companys policies on child sexual abuse material (CSAM). The platform was restored after Telegram removed the offending content and banned the user responsible, Apple said.　　The development briefly weighed on crypto markets tied to Telegrams ecosystem. CoinGecko data showed Gram fell about 6.4% from $1.41 to $1.32 after reports of the removal surfaced before rebounding to around $1.40 at the time of writing.　　Telegram acknowledged the

08-04Industry

Binance launches bitcoin-backed 'Lite Loan' with $1,000 borrowing limit

Quick TakeBinance has launched “Lite Loan,” a bitcoin-backed borrowing product that lets eligible users borrow up to $1,000 in USDT without selling their BTC.Lite Loan is aimed at users with small, short-term borrowing needs and does not trigger price liquidation during the initial 30-day loan term, Binance said.　　Crypto exchange Binance has launched “Lite Loan,” a new product that lets eligible users borrow up to 1,000 USDT without selling their bitcoin.　　The exchange said the product is designed for users with small, short-term borrowing needs who want a simpler borrowing experience. “Lite Loan is designed for users who want access to liquidity without the complexity that often comes with crypto borrowing,” Jeff Li, Binances vice president of product, said in a statement.　　Users can also use bitcoin held in Binances Simple Earn Flexible products as collateral, allowing those holdings to continue earning yield while the loan is outstanding. Borrowed USDT can be used for trading or payments through Binance Pay.　　Binance said there is a gap between interest in crypto-backed borrowing and actual usage. Citing research from crypto lender Ledn, the exchange said 88% of crypto holders would consider borrowing against their digital assets. Still, only 14% currently do because of concerns about price

08-04Industry

Why Jim Cramer‘s quantum panic isn’t rattling bitcoin as price holds steady around $64,000

SummaryJim Cramer says he plans to sell all of his bitcoin, citing fears that advances in quantum computing could undermine cryptocurrency security within three to four years.Many crypto traders are cheering Cramers planned exit, treating it as a bullish signal given his predictions record of high profile misses.Bitcoin has held near $64,000 despite Cramers warning, a Coldcard hardware wallet hack, rising bond yields and sales by major corporate holder Strategy.　　Jim Cramer wants out of bitcoin and the crypto communitys reaction is positive.　　The “Mad Money” host said this week that he plans to sell all of his bitcoin holdings due to concerns that advancements in quantum computing could threaten cryptocurrencies within the next three to four years.　　The comment followed his July 31 interview with IBM Chairman and CEO Arvind Krishna, who told Cramer that quantum computers could challenge modern cryptography within that window and that investors should be “paranoid” about the risk.　　Neither the size of Cramers bitcoin stash nor any wallet tied to him has been disclosed, or tracked by analytics firms, so theres no way to independently verify whether he actually holds BTC or has started selling his coins.　　Some in the crypto community are buoyed by Cramers plan to exit

08-04Industry

Nigeria sets crypto tax collection rules for digital asset platforms

Nigerias revenue agency has issued rules requiring crypto platforms and peer-to-peer (P2P) marketplaces to collect, report and remit taxes, including paying some withheld amounts in digital tokens.　　In its Guidelines on Taxation of Virtual Assets, the Nigeria Revenue Service (NRS) said income tax deducted at source and stamp duty “shall be remitted to the Service in the originating token of the transaction.” Value-added tax, by contrast, must be remitted in the currency used for the payment.　　The guidelines place exchanges and P2P marketplaces at the center of withholding, reporting and remittance under the countrys existing laws.　　Under the guidelines, platforms must withhold 1% of proceeds from taxable disposals of crypto assets, security tokens and applicable non-fungible tokens. A 10% withholding rate applies to staking, mining, airdrops and decentralized finance, while token-to-fiat and fiat-to-token transfers are subject to a 1.5% stamp duty.　　The withheld amounts are advance payments credited against the taxpayers final income tax liability. Individuals are taxed at progressive rates, while companies other than small companies face a 30% rate. Stablecoin sales are exempt from the 1% withholding tax.　　Nigerias crypto tax framework takes shape　　The new guidelines follow an executive order signed by President Bola Tinubu that established a Virtual Asset Council chaired by

08-04Industry

Apple briefly removes Telegram from App Store, Gram rebounds

Apple briefly removed Telegram from the App Store after its review found content that violated its policies on child sexual abuse material, according to Bloomberg.　　The messaging app was later restored after Telegram removed the content and banned the user who posted it, Apple said.　　The Telegram-linked token Gram fell about 6.4% to $1.32 from $1.41 following reports of the removal. It has since recovered to about $1.40 at the time of writing, according to CoinGecko data.　　“Reports of my demise are greatly exaggerated,” Telegram posted on X, followed by an apple emoji.　　Telegram is also facing legal action in Russia and Australia over its handling of illegal material.　　Russia is pursuing a terrorism-related charge against founder Pavel Durov over Telegram‘s handling of alleged extremist content, while Australia’s eSafety Commissioner has launched court proceedings against the platform over alleged failures to remove terrorism-related material.　　Related: Telegram‘s Pavel Durov responds to Russia’s terrorism designation

08-04Industry

Bernstein says Texas data center audit could boost value of existing bitcoin mining and AI sites

Quick TakeBernstein said a state-ordered audit of Texas data center projects will make approved power capacity scarcer, increasing the value of existing bitcoin miners and AI operators.On Monday, Texas Governor Greg Abbott directed the Public Utility Commission of Texas (PUCT) and grid operator ERCOT to audit all data center projects currently in the states interconnection queue.　　Bernstein said a state-ordered audit of Texas data center projects will throttle speculative development and increase the scarcity value of approved power capacity, boosting existing bitcoin miners and AI operators.　　On Monday, Texas Governor Greg Abbott directed the Public Utility Commission of Texas (PUCT) and grid operator ERCOT to audit all data center projects currently in the states interconnection queue.　　The order prompted ERCOT to pause its “Batch Zero” process, a review of the first group of large electricity users that was scheduled to release classification results this month. Data center requests currently make up roughly 90% of ERCOTs 474 GW interconnect queue.　　In a note to clients on Tuesday, Bernstein analysts noted that while the regulatory review will likely create delays for select developers with pipeline assets pending grid approval, existing operations remain intact.　　“Within our coverage and broadly miners, all contracts under execution are for approved capacity

08-04Industry

Bhutan's GMC puts part of its bitcoin treasury to work after 10,000 BTC pledge

SummaryGelephu Mindfulness City in southern Bhutan hired Toronto-based 3iQ to manage part of its bitcoin treasury using a low-risk, market-neutral strategy aimed at generating long-term returns.The size and source of the bitcoin mandate were not disclosed, amid ongoing questions about Bhutans earlier pledge of up to 10,000 BTC and onchain data suggesting about $1 billion has left wallets linked to its sovereign fund.Beyond asset management, officials say the deal with 3iQ is intended to create jobs for Bhutanese youth and build skills in technology and finance, with specific programs still being developed.　　Gelephu Mindfulness City (GMC), a special administrative region in southern Bhutan, awarded 3iQ Corp. a mandate to manage part of its bitcoin treasury, the firms said in an email.　　GMC declined to disclose the size of the mandate to CoinDesk.　　How the money will be run is the new information. GMC told CoinDesk it selected the Toronto-based company to generate long-term returns through a low-risk, market-neutral investment approach, meaning the reserve is to be deployed for yield rather than simply held.　　A market-neutral strategy covers a range of possibilities, including basis trades and lending. Such strategies usually yield at least 5% annually in the general market. GMC did not say whether any

08-04Industry

George Santos to pay $35K after CFTC finds Kalshi market manipulation

George Santos has settled CFTC case over Kalshi prediction market trades by accepting penalties and a three-year trading ban after regulators found he made misleading public statements while betting on his attendance at President Donald Trumps State of the Union address.　　According to a July 31 order from the U.S. Commodity Futures Trading Commission (CFTC), former U.S. Representative George Santos must return $17,569.98 in trading gains, pay a $17,500 civil monetary penalty, comply with a cease-and-desist order, and stay away from trading on any CFTC-registered entity for three years after settling allegations tied to trades on prediction market platform Kalshi.　　The settlement closes an investigation that began earlier this year after Kalshi referred Santos‘ trading activity to regulators. While Santos accepted the settlement, the order states that he neither admitted nor denied the agency’s findings or legal conclusions.　　CFTC says Santos traded both sides of Kalshi market　　Regulators said Santos opened a Kalshi account on Feb. 11, roughly four months after President Donald Trump commuted his prison sentence. The former congressman funded the account with about $7,000 and traded only one event contract, which asked whether he would attend Trumps State of the Union address.　　Trading records included in the order show Santos initially accumulated

08-04Industry

Jump Capital bets on enterprise AI with new $350M Fund VIII

Jump Capital has closed its eighth institutional fund with $350 million in capital commitments, with the new vehicle dedicated to backing founders building AI applications, enterprise infrastructure, and cybersecurity technologies.　　In an official announcement, the venture firm said its latest investment strategy is built around three developments shaping enterprise AI adoption: software applications being rebuilt around AI, new infrastructure needed to support production-scale deployment, and cybersecurity adapting to increasingly autonomous systems.　　The firm said the new fund will continue its long-standing approach of investing in technical founders solving complex infrastructure and enterprise challenges.　　Jump Capital sees three areas driving enterprise AI　　According to the announcement, enterprise interest in artificial intelligence has moved beyond experimentation, with organizations now facing challenges around deploying AI reliably in production. Jump Capital said enterprises are struggling to realize meaningful returns because infrastructure and security have not advanced as quickly as AI adoption.　　The firm said it expects one of the biggest opportunities over the coming years to come from rebuilding the enterprise technology stack to support AI-native software.　　On the application side, Jump Capital believes AI is allowing software to execute work that previously depended on consultants, analysts, and other specialists. It said the next generation of enterprise software will become

08-04Industry

South Koreas Upbit lists HOME as Bithumb adds 2 tokens

South Koreas two largest crypto exchanges announced four new trading markets on Aug. 4, expanding local access to the HOME, META2 and USDG tokens.　　Upbit will add Defi App‘s HOME token to its Korean won and Tether markets at 17:00 Korea Standard Time. Bithumb plans to open Korean won markets for MetaDAO’s META2 and Global Dollar, or USDG, at 16:00 KST. The exchanges said the opening times could change if they do not secure enough liquidity.　　The announcements place a cross chain DeFi token, a market based governance token and a dollar stablecoin in front of South Korea‘s active retail market. However, the listings do not change the projects’ underlying technology, token supply or regulatory status.　　Upbit gives HOME direct won and USDT access　　Upbit said deposits and withdrawals for HOME would open within two hours of its notice. It will support the token through Base only. Users who send HOME through another network may face delays while seeking a return of the unsupported deposit.　　Upbit to List HOME; Bithumb to Add META2 and USDG　　South Koreas largest crypto exchange Upbit will list Defi App (HOME) on KRW and USDT markets. Defi App is a cross-chain DeFi platform supporting EVM and Solana ecosystems, offering token trading,

08-04Industry

...

6567

...

1000