Celsius founders face permanent crypto bans that could cost more than their $16.5M obligations

The co-founders of Celsius, the bankrupt crypto lender, are now subject to permanent court orders that bar them from broad parts of the crypto and asset-services business.  The FTC put the founders‘ combined obligations at $16.5 million, though Goldstein’s entered order lists $2.014 million.  Alexander Mashinsky and Shlomi Daniel Leon may not advertise, market, promote, offer or distribute products or services used to deposit, exchange, invest or withdraw assets, or assist in those activities.  Mashinskys order covers assets generally, while Leons expressly covers cryptocurrency, banking and financial assets. Both bans apply whether they act directly or through an intermediary.  Goldsteins order focuses on retail crypto. He may not advertise, market, promote, or offer for sale retail products or services used to buy, sell, deposit, withdraw, distribute, or trade cryptocurrency, or assist in those sales and marketing activities.  All three orders also prohibit material misrepresentations about products and services. They bar obtaining or attempting to obtain customer information of a financial institution through false, fictitious, or fraudulent representations, including bank-account details, login credentials, private keys, and wallet information.  Mashinsky and Leon additionally must obtain express informed consent before disclosing consumers nonpublic personal information.  Those restrictions track the conduct alleged in the FTCs 2023 complaint. The agency alleged Celsius

07-22انڈسٹری

'You will have a painful fall': SEC's Peirce warns crypto vault builders against twisting securities law

Quick TakeHester Peirce, aka “Crypto Mom”, issued a statement clarifying that onchain vaults and lending may fall under the SECs remit.She noted the agency will be treating vaults individually based on their “specific facts and circumstances.”  Hester Peirce, a leading member of the U.S. Securities and Exchange Commissions Crypto Task Force, has issued a statement of clarity arguing that onchain vaults and lending strategies that involve investment contracts — in other words, securities — remain subject to federal regulation.  In a colorfully written blog on Wednesday, Peirce, who is often called “Crypto Mom” for her longstanding support of blockchain financial innovation, said people ought not to do “headstands, backflips, and other gymnastics to read [existing securities] law so that it does not apply to crypto assets and activities that are well within the scope of the federal securities laws.”  “You will have a painful fall,” she said.  Peirces comments come after she made proactive statements on the broader category of tokenized securities, arguing then that tokenized securities remain securities. The agency itself has been working to provide clarity for the emerging category of tokenized assets.  During President Donald Trumps second term, there has been a boom in tokenization activity, including the construction of onchain vaults

07-22انڈسٹری

White House pushes Senate Democrats to take 'historic' crypto Clarity Act ethics deal

“If Senate Democrats block this historic legislation after the administration has bent over backward to accommodate their concerns, stakeholders should make no mistake: It is the Democrats who are blocking this legislation because they were never serious about a legislative outcome,” the White House official said.  Democratic negotiators such as Senators Kirsten Gillibrand, Ruben Gallego and Angela Alsobrooks reportedly havent received details of the agreement with Trump, whod met personally with Republican senators last week. But many of the Democrats have drawn a line in the sand that the ethics provision — driven primarily by Trumps own deep crypto connections — needs to be strong.  The dispute was heightened recently by the presidents disclosures that hed pocketed more than $1 billion last year from his crypto interests.  The White House, Republicans and their crypto industry allies are already building their case against any Democrats who dont accept the new answer to their ethics demands. Its unclear when theyll get to see it.  The industry is expecting full circulation of the Clarity Act legislative language as soon as Tuesday night or Wednesday, though that expectation has been repeatedly delayed since last week.  The Senate has fewer than three weeks to finish the bill, including the ethics

07-22انڈسٹری

The digital euro: Surveillance money, or a better alternative to cash?

The digital euro is one of Europes most contentious financial projects.  Supporters see it as a way to preserve the blocs monetary sovereignty, reduce its reliance on foreign payment providers, and ensure central bank money survives in an online economy dominated by USD stablecoins.  Critics, however, argue the digital euro could be a way for a supranational organization to surveil — and in certain circumstances, even control — the population of Europe.  The official view is that: “The digital euro will reduce Europes excessive dependence on non-European providers. It will ensure that Europeans can pay with their money — the sovereign money issued by their central bank — in the digital economy,” said Piero Cipollone, member of the executive board of the European Central Bank (ECB).  The alternative perspective is that the Central Bank Digital Currency (CBDC) may curtail the freedom of citizens to spend money how they wish.  “These are the 8 most dangerous words if you care about freedom: ”The digital euro is here to protect Europeans, said former Deutsche Bank managing director Pius Sprenger.  “This is how they will be able to control EVERY euro you spend. Goodbye money. The ECB will decide how much digital money you can have,” said José Vizner,

07-22انڈسٹری

South Korea crypto volumes shrink as retail investors shift to stocks

South Korea‘s major crypto exchanges have seen their trading activity fall sharply over the past year as the country’s stock market surged, suggesting retail speculative interest may be shifting toward equities, Cointelegraph analysis shows.  The Korea Composite Stock Price Index (KOSPI) benchmark more than doubled over the period, while volumes across the countrys largest won-based crypto platforms contracted.  Cointelegraph reviewed CoinGeckos historical 24-hour volume readings for Upbit, Bithumb, Coinone, Korbit and Gopax, comparing seven-day periods in July 2025 and July 2026.  After calculating the average daily volume and year-over-year percentage change, Cointelegraph took the simple, unweighted average of the five declines, producing an average drop of about 77%. This gives each exchange equal weight regardless of trading volume. However, on a combined basis, average daily volume fell about 89%, to $305 million from $2.82 billion in the comparable July 2025 period.  ZDNet Korea separately reported that daily volume across the five exchanges was down 88% year-on-year on Monday. It said weaker fee income had pushed some platforms to sell crypto holdings, including Korbit, which raised about 1.6 billion won (about $1 million) by selling 15 Bitcoin (BTC) and 60 Ether (ETH).  South Korea is one of cryptos most active retail markets, with exchanges relying heavily

07-22انڈسٹری

Crypto market breakout could accelerate as AI trade cools, analyst says

Bitcoin and the broader cryptocurrency market looked poised for a recovery on Tuesday as progress on landmark US crypto legislation boosted sentiment, with analysts also pointing to a slowdown in the AI trade as a potential catalyst for capital rotating back into digital assets.  Bitcoin (BTC) briefly climbed above $67,000 and Ether (ETH) neared $1,950, while crypto-related stocks rallied sharply. Coinbase shares rose 12%, American Bitcoin gained 14% and Cipher Digital jumped 17%.  The gains came after US Treasury Secretary Scott Bessent said lawmakers were at the “1-yard line” on the long-debated CLARITY Act, which would define the regulatory roles of the Securities and Exchange Commission and Commodity Futures Trading Commission over digital assets.  Coinbase (COIN) was among the markets top-performing stocks on Tuesday. Source: Yahoo Finance  Beyond the regulatory tailwinds, some analysts said crypto could also benefit from investors shifting capital away from AI-linked equities.  “With Bitcoin at the top end of the range, we see the path of least resistance being higher and an elevated likelihood of a breakout of the range as the AI trade slows and the market becomes more comfortable with the path of interest rates,” FRNT Financial CEO Stephane Ouellette told Bloomberg.  Related: Hut 8, IREN deals lift AI-focused Bitcoin

07-22انڈسٹری

Bitcoin breaks $66,000 but 4 key signals show this rally is far from normal

Bitcoin surged past $66,000 for the first time since early June, extending a recovery that is beginning to repair some of the losses left by the markets recent downturn.  The rebound comes from a much weaker starting point than the price alone suggests.  VanEck data showed that investors who sold Bitcoin over the past month were realizing substantially more losses than gains, while unrealized losses across the network were equivalent to roughly 16% of Bitcoins market value.  Only 53% of Bitcoins circulating supply was sitting in profit, well below its four-year average of 76%.  The move above $66,000 is now testing whether rising prices can begin to reverse that damage.  However, spot-market activity remains unusually thin, and derivatives traders are still paying heavily for protection against another decline, even as long-term holders refuse to sell and demand from US exchange-traded funds begins to recover.  Buyers have yet to fully follow Bitcoin higher  Bitcoins breakout has so far arrived without the broad increase in spot trading that would give the recovery stronger support.  Average daily spot volume over the past 30 days stood near $5.1 billion, about 29% below the $7.2 billion average recorded since 2019, VanEck data showed.  At the same time, the trades that are taking place have

07-22انڈسٹری

Why OKX hired Andrew Cuomo: Crypto‘s next battle isn’t for users

OKX added Andrew Cuomo to its board of directors this month, framing it as a natural progression from two years of him advising the company. Cuomo also co-chairs a joint venture between OKX and Intercontinental Exchange, the operator of the New York Stock Exchange.  That venture is building infrastructure for tokenized assets, institutional derivatives and around-the-clock trading, and it plans to register as a broker-dealer and futures commission merchant once regulators approve.  Through it, OKX customers would gain access to ICE futures and tokenized NYSE equities. ICE already holds a board seat at OKX from an earlier investment that valued the exchange at $25 billion.  Cuomos directorship extends that same relationship via a licensed, publicly accountable market operator sitting inside a crypto exchanges governance.  Put together, the board seat and the ICE venture describe an exchange assembling the licenses, partners and governance of a regulated financial firm, with a former governor filling the last seat.  Tokenized assets became the top new listing category on major centralized exchanges in the first half of 2026, close to one in five new listings, up from under 7% in 2025. Real-world-asset perpetual futures volume climbed 57% in June to a record $311 billion.  The capital base behind that growth already

07-22انڈسٹری

Pavel Durov says Telegram to roll out native Gram crypto wallet

Telegram plans to roll out a native non-custodial Gram wallet across its messaging app this summer, potentially bringing self-custody crypto payments to more than 1 billion monthly active users.  In a post on Wednesday, founder Pavel Durov said the wallet would allow users to send cryptocurrency instantly and without fees. He described it as the “largest rollout of a non-custodial crypto wallet in human history,” though Telegram has not disclosed a firm launch date or additional technical details.Pavel Durov announces Telegram’s Gram wallet. Source: Pavel Durov  Telegram surpassed 1 billion monthly active users in 2025, according to the company, giving the wallet a potential reach far beyond most standalone crypto applications. Even limited adoption among the platforms user base could significantly expand access to self-custody and peer-to-peer crypto payments.  Related: Telegram founder links tax data leak to rise in crypto kidnappings in France  Gram returns to Telegrams crypto roots  The wallet announcement comes weeks after The Open Network, the blockchain closely integrated with Telegram, unveiled plans to rename its native token from Toncoin to Gram. The change revives the cryptocurrency‘s original name from Telegram’s 2018 white paper, with founder Pavel Durov describing it as a return to the projects roots.  Telegram has increasingly backed the TON

07-22انڈسٹری

Talos brings institutional trading tools to Kalshi prediction markets

Institutional crypto trading platform Talos has integrated with Kalshi, allowing select clients to trade the prediction market operators event contracts and crypto perpetuals through the same infrastructure they already use for digital assets, eliminating the need for a separate connection.  Talos will offer algorithmic order types including Iceberg, TWAP and POV, along with multi-leg execution for perp-to-perp and perp-to-spot spread trades. The company said institutional clients will also be able to execute block trades in Kalshi contracts through its request-for-quote platform using participating over-the-counter liquidity providers.  Later this year, Talos plans to extend its dealer software to brokers and trading platforms, allowing them to offer Kalshi event contracts directly to customers where permitted. The company also plans to launch a unified prediction market data feed that standardizes events, trades, order books, open interest and implied probabilities across venues.  The integration lowers the operational hurdles for hedge funds, market makers and other professional trading firms already using Talos to add regulated prediction markets alongside their existing crypto trading activity.  Related: Kalshi says CFTC, Michigan orders leave it in ‘impossible position’  Prediction markets hit record trading volumes  The Talos integration comes as prediction markets attract record trading activity and growing institutional interest. According to a report from CoinGecko,

07-22انڈسٹری
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