Arizona crypto ATM law refunds $171K to scam victims

Arizonas crypto ATM law has helped 35 scam victims recover $171,332 in full refunds since taking effect on Sept. 26, 2025, according to an Aug. 12 release from Attorney General Kris Mayes.  SummaryArizonas crypto ATM law helped 35 scam victims recover $171,332 in full refunds since September.Eligible new customers must report fraudulent kiosk transactions within 30 days to receive full reimbursement.New customers face a $2,000 daily transaction cap, while existing customers face a $10,500 limit.Operators must use blockchain tracing tools, provide receipts, warnings, and round the clock customer service.FBI data recorded 13,460 kiosk complaints and $389 million in reported U.S. losses during 2025.  The recoveries offer an early measure of how Arizonas consumer protection model is working as U.S. states take sharply different approaches to cryptocurrency kiosks. Arizona allows the machines but imposes transaction limits, fraud controls and mandatory refunds for qualifying new customers. Other states have chosen outright prohibitions.  You might also like:  Arizona advances bill to hold Bitcoin and XRP in state reserve  Arizona crypto ATM law turns refund mandate into recoveries  Arizona enacted House Bill 2387 as Chapter 171 in May 2025. The law requires operators to reimburse a new customer who was fraudulently induced into a kiosk transaction if the customer completes

2 دن پہلےانڈسٹری

Crypto Trading Model GSR Cuts Its Bitcoin Allocation to 17%, Bets Big on Solana

GSR, a crypto market maker, cut Bitcoin‘s (BTC) weighting in its Core3 model portfolio to 16.9%, the lowest of the three assets it tracks. The firm raised Solana’s (SOL) weighting to 43.6%, making it the models largest position.  Core3 is GSR‘s weekly rebalanced signal portfolio. It shows where the firm’s trading desk sees relative strength across Bitcoin, Ether (ETH) and Solana. The model does not hold client funds. Instead, it turns GSRs short-term market view into a weighting readers can track.  Solana Overtakes Ether as the Top Weighting  Ether‘s weighting fell to 39.5%, and Solana took the largest position, a spot Ether held in GSR’s prior rebalance on Aug. 5. The shift tracks short-term price action rather than longer-term returns. Solana gained 2.98% over the past week. Bitcoin fell 1.02% and Ether slipped 0.20% over the same stretch, based on the performance data behind the rebalance.  Sponsored  Sponsored  GSR Model Makes Solana Top Allocation to 43.6%, Cuts Bitcoin to 16.9%  GSR‘s Core3 model portfolio raised its Solana allocation to 43.6%, making SOL its largest position, while cutting Ether to 39.5% and Bitcoin to just 16.9%, as the model’s relative alpha signals shifted further… pic.twitter.com/C0aRl77W4h  — Wu Blockchain (@WuBlockchain) August 13, 2026  Solana remains the weakest performer of the three

2 دن پہلےانڈسٹری

GSR raises Solana to 43.6%, cuts Bitcoin to 16.9%

GSR shifted its Core3 model toward Solana on Aug. 12, raising SOL to 43.6% of the portfolio and making it the models largest allocation.  SummaryGSR raised Solana to 43.6%, making SOL the largest allocation in its Core3 model portfolio.Bitcoin fell to 16.9% of Core3, while Ethers allocation declined to 39.5% this week overall.Solana gained 2.98% over seven days, outperforming Bitcoin and Ether in GSRs latest weekly comparison.Ether remained the strongest 30 day performer, rising 7.88% despite its reduced model portfolio weight.Core3 gained 5.30% monthly but still trailed the equal weight basket over longer measured periods.  Ether fell to 39.5%, while Bitcoin dropped to 16.9%, the smallest weight among the three assets.The firm said the change reflected a move in its relative alpha signals toward Solana as SOL showed stronger near term price momentum. GSRs written commentary lists the Solana weight at 43.7%, while the accompanying allocation table shows 43.6%. This article uses the table figure.  GSR Model Makes Solana Top Allocation to 43.6%, Cuts Bitcoin to 16.9%  GSR‘s Core3 model portfolio raised its Solana allocation to 43.6%, making SOL its largest position, while cutting Ether to 39.5% and Bitcoin to just 16.9%, as the model’s relative alpha signals shifted further… pic.twitter.com/C0aRl77W4h  — Wu Blockchain (@WuBlockchain)

2 دن پہلےانڈسٹری

Bitcoin slips near $63,500 as traders look past CPI to Feds next tests

Gabe Selby, head of research at CF Benchmarks, told CoinDesk that bitcoin moves hardest when inflation data forces a rethink on rates, gaining an average 3.25% across the three occasions in the past nine releases when inflation came in below expectations.  A downside surprise on July 14 was followed by a 4.24% rally. “An in-line report can remove a tail risk,” Selby said. “It takes a genuine surprise to create a catalyst.” He further sees room for the Fed to wait, with shelter costs up just 0.1%, energy down 1.5% and gasoline down 2.9%, and some goods categories now lapping last years tariff-driven increases.  The next tests are the Jackson Hole gathering of central bankers later this month, the Sept. 4 jobs report and the Sept. 11 inflation release.  Equities took the news better. MSCIs Asia Pacific index rose almost 1% with Samsung Electronics and SK Hynix the biggest contributors, and Koreas Kospi rallied almost 4% into a technical bull market, up 22% in ten days.  The mood was not uniform, with Cisco falling over 4% after hours on underwhelming earnings and Cerebras Systems dropping 17% on declining hardware sales.  Brent crude snapped a six-day run of gains, easing after a stretch that had taken

2 دن پہلےانڈسٹری

BitGo sees revenue jump 80% to $4.3 billion in Q2 but posts net loss

Quick TakeBitGo reported $4.33 billion in total revenue in the second quarter of this year, up 79.6% year-over-year.The firm recorded a net loss of $19 million, or $0.16 per share, in Q2, compared with net income of $38.3 million in the same period last year.  BitGo Holdings Inc. reported strong revenue growth in the second quarter of 2026, driven by business expansion, despite posting a net loss from digital asset devaluation.  According to its Wednesday disclosure, the digital asset infrastructure firm saw quarterly revenue of $4.33 billion, up 79.6% from $2.41 billion a year earlier and 14.7% from the previous quarter.  The revenue growth was mainly driven by higher digital asset sales and growth in its stablecoin-as-a-service business, the company said. The disclosure also highlighted $159 million of cash holdings, $147.7 million worth of bitcoin, and a recently authorized $50 million share repurchase program.  “We have the financial flexibility to invest behind our highest-priority opportunities while maintaining discipline around costs and capital allocation,” said BitGo Chief Financial Officer Ed Reginelli, who is set to step down from his role effective Sept. 15. “As we enter the second half, our focus is translating continued business growth into stronger earnings, disciplined capital allocation, and more durable

2 دن پہلےانڈسٹری

Novo Nordisk CEO Concedes Eli Lillys Market-Share Gains as Stock Slumps

Novo Nordisks stock keeps falling even when the news is good, and CEO Mike Doustdar just admitted why. Eli Lilly is beating Novo at its own game.  Doustdar sat down with CNBCs Jim Cramer this week to explain the disconnect. Novo, famous for its GLP-1 medication Ozempic, raised its full-year sales guidance on August 4, narrowing its projected annual decline from 8% to 3% at the midpoint. Investors sold anyway. NVO shares dropped roughly 6% that day.  A Beat That Still Lost  Doustdar walked through the math on air. Novo slashed prices on Ozempic and Wegovy last year to widen patient access, and volume hasnt caught up yet to offset those cuts. He compared it to basic arithmetic. Halving a price means you need double the volume just to break even, and volume never doubles on day one.  Sponsored  Sponsored  That gap between falling average revenue per prescription and rising patient counts is exactly what has investors nervous. Novos obesity and diabetes drugs now make up around 90% of its business, compared to about 60% at Eli Lilly, leaving Novo more exposed to any pricing or competitive shock in that single category.  Doustdars Concession  Oral Wegovy sits at the center of this story. Novo launched the pill version

2 دن پہلےانڈسٹری

ONDO tests KEY support after $1.35M token transfer sparks supply fears

A team-linked wallet transferred another 4 million $ONDO, worth approximately $1.35 million, into Coinbase during the latest distribution. The wallet had originally received 20 million $ONDO directly from the team.  Since then, its Coinbase transfers had reached 12 million $ONDO through three separate 4 million token deposits. Therefore, 60% of the original allocation had already moved toward the exchange.  Coinbase had also transferred roughly 4 million $ONDO per transaction toward Bybit during the previous week, as earlier reported by AMBCrypto. Those movements increased concerns because exchange-bound tokens could become available for distribution.  Meanwhile, $ONDO traded around $0.3372 as trading volume fell 5.46% to $66.05 million at the time of writing. Weaker activity reduced the available demand needed to absorb additional supply. Continued transfers would therefore leave $ONDO increasingly dependent on stronger buying interest to stabilize its declining price structure.  Spot sellers tighten their grip  The spot market behavior did not provide much evidence that buyers could easily take up the extra exchange-bound $ONDO supply. At press time, the 90-day Spot Taker CVD was seller-dominant, indicating more aggressive selling than market buying.  That imbalance mattered because taker sellers had already controlled immediate execution across the observed spot market. Meanwhile, continued deposits to Coinbase raised the potential supply,

2 دن پہلے

Bitwise cuts 14% of staff while still expecting growth

Digital asset manager Bitwise has cut 14% of its staff in a move that reduced workers at the San Francisco-headquartered company from about 180 to 155 people.  A Bitwise spokesperson confirmed to Cointelegraph on Wednesday that it had laid off about 25 people amid a crypto market downturn. The company is the latest in the crypto industry to announce staff cuts in 2026, following similar moves by Robinhood, Polygon, Pump.fun and others.  Bloomberg earlier reported that Bitwise chief executive Hunter Horsley said that the company still expects growth as crypto “further integrates into the global economy.” The company acquired Chorus One in February in a move expected to expand its staking services.  The reasons behind digital asset industry job cuts this year have varied. BitGo co-founder CEO Mike Belshe announced a “one-time action” in June, as the company cut 15% of staff to focus on AI and stablecoins. Also citing an AI strategy shift in May, Coinbase said it planned to reduce 14% of its workforce.  Since January, shares of the Bitwise 10 Crypto Index Fund (BITW) had fallen by more than 30%. The fund tracks the 10 largest cryptocurrencies by market capitalization, including Bitcoin (BTC) and Ether (ETH).

2 دن پہلےانڈسٹری

Wintermute to pour $1B into AI, high-frequency trading amid TradFi expansion: Report

Crypto market maker Wintermute reportedly plans to invest up to $1 billion in artificial intelligence (AI) data center infrastructure and high-frequency trading over the next five years.  The plans include scaling up Wintermutes non-crypto market activity to account for over 50% of its business by the end of 2027, up from the current 10%, Wintermute CEO Evgeny Gaevoy told Bloomberg.  Wednesdays report said that as part of the plans, Wintermute will also double the staff in its 17-person New York office next year and expand its global headcount by about 40%. Cointelegraph has approached Wintermute for more details surrounding its expansion plans.  Wintermute is the latest crypto-native firm to expand into traditional finance (TradFi), as digital assets trading platforms add tokenized traditional assets in pursuit of new revenue streams.  Some of the largest crypto exchanges that launched tokenized stock offerings include Coinbase, Binance and Kraken. Crypto.com announced its entry into the segment on Wednesday with initial access to 1,500 underlying stocks and funds.  Wall Street entities are also exploring tokenized equities. In March, the US Securities and Exchange Commission approved Nasdaqs pilot proposal to support the trading of tokenized versions of high-volume stocks and securities.  Days later, on March 24, the New York Stock Exchange partnered

2 دن پہلےانڈسٹری

ASX shareholder plans to sue former directors over failed blockchain project

An Australian Securities Exchange (ASX) shareholder plans to seek Federal Court permission to sue certain former ASX officers and directors over alleged breaches of duty connected to its failed blockchain-based clearing and settlement overhaul.  On Wednesday, ASX said Rosherville Pty Ltd had notified the exchange that it proposes to apply for leave to commence a statutory derivative action under sections 236 and 237 of Australia‘s Corporations Act. If approved, Rosherville would bring the proceedings on ASX’s behalf.  The exchange said there were no allegations against ASX itself. It did not identify the former officials targeted, describe their alleged breaches in detail or disclose the remedies Rosherville intends to seek, while the court has not considered whether the proposed case can proceed.  The proposed lawsuit could test whether shareholders can hold former ASX leaders accountable for overseeing one of Australias costliest financial-technology failures.  Failed CHESS overhaul draws regulatory action  ASX began exploring a replacement for its Clearing House Electronic Subregister System, or CHESS, in 2016 and selected a distributed-ledger system developed with New York-based Digital Asset. In December 2017, ASX was expected to become the first securities exchange to use blockchain for its core services.  The intended launch was repeatedly postponed. In November 2022, ASX paused the

2 دن پہلےانڈسٹری
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