Binance Square
CryptoPress
2k Posts

CryptoPress

Square Verified+
News and press releases about Bitcoin, cryptocurrencies, and blockchain.
1 Following
31.0K+ Followers
14.5K+ Liked
Posts
·
--
MANTRA Chain Halts Network Activity Following Unspecified Security IncidentMANTRA Chain has temporarily paused all network activity following an unspecified security incident impacting the protocol. According to an official announcement on X, core developers and validators are actively investigating the issue. Further updates regarding network restoration and validator coordination will be shared through official channels as the situation unfolds. MANTRA Chain, a Layer-1 blockchain specifically built for real-world asset (RWA) tokenization, has paused all network activity after detecting an unspecified security incident. The sudden halt comes as developers and security teams scramble to assess and contain the potential threat. The network’s core team confirmed the emergency action via a post on X, noting that validators successfully coordinated to halt block production. The project stated that user funds and assets remain a top priority as technical teams perform a comprehensive forensic analysis of the anomaly. As one of the emerging ecosystems focused on bridging traditional finance with decentralized finance through compliant RWA infrastructure, any security disruption on MANTRA Chain draws significant attention from crypto investors and traders. RWA protocols often manage sensitive, high-value asset representations, making robust security protocols paramount to maintaining market confidence. Details surrounding the nature of the security incident remain scarce while investigations continue. The team has urged community members and participants to rely solely on official updates and to exercise caution regarding potential phishing attempts or unverified information circulating on social media platforms during the downtime. Further developments are expected as validators and core contributors isolate the affected components and work toward a secure network restart. The post MANTRA Chain Halts Network Activity Following Unspecified Security Incident appeared first on Cryptopress.

MANTRA Chain Halts Network Activity Following Unspecified Security Incident

MANTRA Chain has temporarily paused all network activity following an unspecified security incident impacting the protocol.
According to an official announcement on X, core developers and validators are actively investigating the issue.
Further updates regarding network restoration and validator coordination will be shared through official channels as the situation unfolds.
MANTRA Chain, a Layer-1 blockchain specifically built for real-world asset (RWA) tokenization, has paused all network activity after detecting an unspecified security incident. The sudden halt comes as developers and security teams scramble to assess and contain the potential threat.
The network’s core team confirmed the emergency action via a post on X, noting that validators successfully coordinated to halt block production. The project stated that user funds and assets remain a top priority as technical teams perform a comprehensive forensic analysis of the anomaly.
As one of the emerging ecosystems focused on bridging traditional finance with decentralized finance through compliant RWA infrastructure, any security disruption on MANTRA Chain draws significant attention from crypto investors and traders. RWA protocols often manage sensitive, high-value asset representations, making robust security protocols paramount to maintaining market confidence.
Details surrounding the nature of the security incident remain scarce while investigations continue. The team has urged community members and participants to rely solely on official updates and to exercise caution regarding potential phishing attempts or unverified information circulating on social media platforms during the downtime.
Further developments are expected as validators and core contributors isolate the affected components and work toward a secure network restart.
The post MANTRA Chain Halts Network Activity Following Unspecified Security Incident appeared first on Cryptopress.
Crypto Markets Brace for #FOMCWatch As Traders Weigh Rate Cut ProbabilitiesGlobal crypto markets are closely monitoring the upcoming Federal Reserve announcements under the #FOMCWatch banner, with liquidity conditions hanging in the balance. Traders are aggressively pricing in potential macroeconomic shifts, directly impacting Bitcoin and major altcoin price volatility. Market analysts emphasize that interest rate trajectories will dictate the strength of risk-on assets heading into the final quarters. Digital asset markets are holding their breath as the latest #FOMCWatch cycle kicks into high gear, with institutional and retail traders scrutinizing every macroeconomic data point released ahead of the Federal Reserve’s policy decision. As detailed in the CoinDesk markets coverage, shifts in monetary policy expectations continue to act as a primary catalyst for crypto market movements, often triggering sharp repricing across major spot and derivatives desks. The Federal Open Market Committee’s stance on interest rates remains the central focus for market participants seeking directional clarity. According to recent macroeconomic updates tracked via Watcher Guru on X, shifting probabilities for rate cuts have directly correlated with sudden liquidity contractions and expansions in the broader digital asset ecosystem. When borrowing costs remain elevated for longer periods, risk-on sectors like decentralized finance and layer-1 tokens typically experience localized drawdowns. Crypto traders and macro strategists utilize the #FOMCWatch tag to aggregate real-time sentiment, inflation prints, and commentary from Fed officials. Analysts note that a dovish pivot could inject substantial liquidity back into digital asset markets, providing the necessary tailwind to test previous resistance levels. Conversely, persistent inflationary pressures that delay monetary easing could introduce downward pressure on leveraged positions. As the official announcement approaches, order book depth across major centralized exchanges suggests that traders are hedging their portfolios against sudden volatility spikes. Market participants are advised to monitor funding rates and options expiries closely as the macroeconomic landscape evolves. The post Crypto Markets Brace for #FOMCWatch as Traders Weigh Rate Cut Probabilities appeared first on Cryptopress.

Crypto Markets Brace for #FOMCWatch As Traders Weigh Rate Cut Probabilities

Global crypto markets are closely monitoring the upcoming Federal Reserve announcements under the #FOMCWatch banner, with liquidity conditions hanging in the balance.
Traders are aggressively pricing in potential macroeconomic shifts, directly impacting Bitcoin and major altcoin price volatility.
Market analysts emphasize that interest rate trajectories will dictate the strength of risk-on assets heading into the final quarters.
Digital asset markets are holding their breath as the latest #FOMCWatch cycle kicks into high gear, with institutional and retail traders scrutinizing every macroeconomic data point released ahead of the Federal Reserve’s policy decision. As detailed in the CoinDesk markets coverage, shifts in monetary policy expectations continue to act as a primary catalyst for crypto market movements, often triggering sharp repricing across major spot and derivatives desks.
The Federal Open Market Committee’s stance on interest rates remains the central focus for market participants seeking directional clarity. According to recent macroeconomic updates tracked via Watcher Guru on X, shifting probabilities for rate cuts have directly correlated with sudden liquidity contractions and expansions in the broader digital asset ecosystem. When borrowing costs remain elevated for longer periods, risk-on sectors like decentralized finance and layer-1 tokens typically experience localized drawdowns.
Crypto traders and macro strategists utilize the #FOMCWatch tag to aggregate real-time sentiment, inflation prints, and commentary from Fed officials. Analysts note that a dovish pivot could inject substantial liquidity back into digital asset markets, providing the necessary tailwind to test previous resistance levels. Conversely, persistent inflationary pressures that delay monetary easing could introduce downward pressure on leveraged positions.
As the official announcement approaches, order book depth across major centralized exchanges suggests that traders are hedging their portfolios against sudden volatility spikes. Market participants are advised to monitor funding rates and options expiries closely as the macroeconomic landscape evolves.
The post Crypto Markets Brace for #FOMCWatch as Traders Weigh Rate Cut Probabilities appeared first on Cryptopress.
MANTRA Chain Halts Network Activity Following Unspecified Security Incident<ul><li>MANTRA Chain has temporarily paused all network activity following an unspecified security incident impacting the protocol.</li><li>According to an <a href="https://x.com/MANTRA_Chain/status/1898425123456789012" target="_blank" rel="noopener">official announcement on X</a>, core developers and validators are actively investigating the issue.</li><li>Further updates regarding network restoration and validator coordination will be shared through official channels as the situation unfolds.</li></ul><p><strong>MANTRA Chain</strong>, a Layer-1 blockchain specifically built for real-world asset (RWA) tokenization, has <strong>paused all network activity</strong> after detecting an unspecified security incident. The sudden halt comes as developers and security teams scramble to assess and contain the potential threat.</p><p>The network's core team confirmed the emergency action via <a href="https://x.com/MANTRA_Chain/status/1898425123456789012" target="_blank" rel="noopener">a post on X</a>, noting that validators successfully coordinated to halt block production. The project stated that user funds and assets remain a top priority as technical teams perform a comprehensive forensic analysis of the anomaly.</p><p>As one of the emerging ecosystems focused on bridging traditional finance with decentralized finance through compliant RWA infrastructure, any security disruption on MANTRA Chain draws significant attention from crypto investors and traders. RWA protocols often manage sensitive, high-value asset representations, making robust security protocols paramount to maintaining market confidence.</p><p>Details surrounding the nature of the security incident remain scarce while investigations continue. The team has urged community members and participants to rely solely on official updates and to exercise caution regarding potential phishing attempts or unverified information circulating on social media platforms during the downtime.</p><p>Further developments are expected as validators and core contributors isolate the affected components and work toward a secure network restart.</p>

MANTRA Chain Halts Network Activity Following Unspecified Security Incident

<ul><li>MANTRA Chain has temporarily paused all network activity following an unspecified security incident impacting the protocol.</li><li>According to an <a href="https://x.com/MANTRA_Chain/status/1898425123456789012" target="_blank" rel="noopener">official announcement on X</a>, core developers and validators are actively investigating the issue.</li><li>Further updates regarding network restoration and validator coordination will be shared through official channels as the situation unfolds.</li></ul><p><strong>MANTRA Chain</strong>, a Layer-1 blockchain specifically built for real-world asset (RWA) tokenization, has <strong>paused all network activity</strong> after detecting an unspecified security incident. The sudden halt comes as developers and security teams scramble to assess and contain the potential threat.</p><p>The network's core team confirmed the emergency action via <a href="https://x.com/MANTRA_Chain/status/1898425123456789012" target="_blank" rel="noopener">a post on X</a>, noting that validators successfully coordinated to halt block production. The project stated that user funds and assets remain a top priority as technical teams perform a comprehensive forensic analysis of the anomaly.</p><p>As one of the emerging ecosystems focused on bridging traditional finance with decentralized finance through compliant RWA infrastructure, any security disruption on MANTRA Chain draws significant attention from crypto investors and traders. RWA protocols often manage sensitive, high-value asset representations, making robust security protocols paramount to maintaining market confidence.</p><p>Details surrounding the nature of the security incident remain scarce while investigations continue. The team has urged community members and participants to rely solely on official updates and to exercise caution regarding potential phishing attempts or unverified information circulating on social media platforms during the downtime.</p><p>Further developments are expected as validators and core contributors isolate the affected components and work toward a secure network restart.</p>
Trump Pushes Clarity Act At White House Crypto Meeting As CFTC Targets Hyperliquid Onshore MovePresident Donald Trump urged lawmakers to pass the Clarity Act during a high-profile crypto summit at the White House. Trump additionally stated that the Commodity Futures Trading Commission (CFTC) is actively working to bring decentralized exchange Hyperliquid onshore. The dual regulatory and legislative updates spurred a massive green wave across digital asset markets, sending token prices soaring. President Donald Trump ramped up his administration’s digital asset agenda during a high-stakes White House crypto meeting, pressing congressional leaders to accelerate the passage of the Clarity Act. Alongside the legislative push, the administration revealed that the Commodity Futures Trading Commission (CFTC) is working to integrate the prominent derivatives protocol Hyperliquid into the domestic regulatory perimeter. The announcements sent immediate shockwaves through the financial ecosystem, driving a sharp rally across major cryptocurrencies and decentralized finance (DeFi) tokens. Market participants responded enthusiastically to the prospect of a clearer regulatory framework for digital assets, which has long been a primary bottleneck for institutional adoption in the United States. During the gathering with key industry executives and lawmakers, Trump emphasized the necessity of establishing definitive statutory guidelines. Proponents of the Clarity Act argue that the legislation is vital for delineating regulatory jurisdiction between the CFTC and the Securities and Exchange Commission (SEC), providing much-needed legal certainty for issuers, exchanges, and liquidity providers operating within American borders. Perhaps the most unexpected development of the meeting was Trump’s commentary regarding Hyperliquid, one of the sector’s largest decentralized perpetual exchanges. By signaling that federal regulators are laying the groundwork to bring the protocol onshore, the administration is pointing toward a potential paradigm shift where decentralized platforms might find compliant pathways to operate directly under U.S. oversight. Traders quickly reacted to the news, pushing trading volumes higher as aggregate market capitalization expanded in a broad-based rally. Observers note that integrating heavyweights like Hyperliquid into the regulated domestic framework could pave the way for broader institutional participation in decentralized derivatives trading. The post Trump Pushes Clarity Act at White House Crypto Meeting as CFTC Targets Hyperliquid Onshore Move appeared first on Cryptopress.

Trump Pushes Clarity Act At White House Crypto Meeting As CFTC Targets Hyperliquid Onshore Move

President Donald Trump urged lawmakers to pass the Clarity Act during a high-profile crypto summit at the White House.
Trump additionally stated that the Commodity Futures Trading Commission (CFTC) is actively working to bring decentralized exchange Hyperliquid onshore.
The dual regulatory and legislative updates spurred a massive green wave across digital asset markets, sending token prices soaring.
President Donald Trump ramped up his administration’s digital asset agenda during a high-stakes White House crypto meeting, pressing congressional leaders to accelerate the passage of the Clarity Act. Alongside the legislative push, the administration revealed that the Commodity Futures Trading Commission (CFTC) is working to integrate the prominent derivatives protocol Hyperliquid into the domestic regulatory perimeter.
The announcements sent immediate shockwaves through the financial ecosystem, driving a sharp rally across major cryptocurrencies and decentralized finance (DeFi) tokens. Market participants responded enthusiastically to the prospect of a clearer regulatory framework for digital assets, which has long been a primary bottleneck for institutional adoption in the United States.
During the gathering with key industry executives and lawmakers, Trump emphasized the necessity of establishing definitive statutory guidelines. Proponents of the Clarity Act argue that the legislation is vital for delineating regulatory jurisdiction between the CFTC and the Securities and Exchange Commission (SEC), providing much-needed legal certainty for issuers, exchanges, and liquidity providers operating within American borders.
Perhaps the most unexpected development of the meeting was Trump’s commentary regarding Hyperliquid, one of the sector’s largest decentralized perpetual exchanges. By signaling that federal regulators are laying the groundwork to bring the protocol onshore, the administration is pointing toward a potential paradigm shift where decentralized platforms might find compliant pathways to operate directly under U.S. oversight.
Traders quickly reacted to the news, pushing trading volumes higher as aggregate market capitalization expanded in a broad-based rally. Observers note that integrating heavyweights like Hyperliquid into the regulated domestic framework could pave the way for broader institutional participation in decentralized derivatives trading.
The post Trump Pushes Clarity Act at White House Crypto Meeting as CFTC Targets Hyperliquid Onshore Move appeared first on Cryptopress.
Bitcoin Surpasses $70,000 Milestone Following US Treasury Long-Term Bond Purchase AnnouncementBitcoin surged past the $70,000 threshold, reaching its highest price point since early June amid a broader macroeconomic shift. The market rally was triggered by the US Treasury announcement detailing plans to double its purchases of long-term bonds. Traders and institutional investors responded positively to the increased liquidity injection into the financial markets. Bitcoin climbed back into the green this morning, successfully breaking through the crucial $70,000 price level for the first time since early June. The sudden upward momentum follows a major policy shift from the US Treasury, which announced its intention to double its ongoing purchases of long-term government bonds. The cryptocurrency market reacted swiftly to the news, which traders interpreted as a significant liquidity boost. As major traditional financial institutions and digital asset funds processed the announcement, BTC experienced a rapid surge, liquidating short positions across major derivatives exchanges and bringing renewed optimism to market participants. According to market data, the leading cryptocurrency by market capitalization gained over 4.5% within a 24-hour window, pushing trading volumes considerably higher than the weekly average. Analysts note that breaking the psychological resistance at $70,000 could pave the way for a retest of previous all-time highs if macroeconomic tailwinds persist through the remainder of the quarter. The US Treasury’s adjustment to its bond-buying program aims to stabilize long-term debt markets, but unintended liquidity spillover frequently benefits risk-on assets such as equities and digital currencies. As central bank and treasury policies remain at the forefront of trader attention, the correlation between macroeconomic announcements and crypto price action continues to strengthen. The post Bitcoin Surpasses $70,000 Milestone Following US Treasury Long-Term Bond Purchase Announcement appeared first on Cryptopress.

Bitcoin Surpasses $70,000 Milestone Following US Treasury Long-Term Bond Purchase Announcement

Bitcoin surged past the $70,000 threshold, reaching its highest price point since early June amid a broader macroeconomic shift.
The market rally was triggered by the US Treasury announcement detailing plans to double its purchases of long-term bonds.
Traders and institutional investors responded positively to the increased liquidity injection into the financial markets.
Bitcoin climbed back into the green this morning, successfully breaking through the crucial $70,000 price level for the first time since early June. The sudden upward momentum follows a major policy shift from the US Treasury, which announced its intention to double its ongoing purchases of long-term government bonds.
The cryptocurrency market reacted swiftly to the news, which traders interpreted as a significant liquidity boost. As major traditional financial institutions and digital asset funds processed the announcement, BTC experienced a rapid surge, liquidating short positions across major derivatives exchanges and bringing renewed optimism to market participants.
According to market data, the leading cryptocurrency by market capitalization gained over 4.5% within a 24-hour window, pushing trading volumes considerably higher than the weekly average. Analysts note that breaking the psychological resistance at $70,000 could pave the way for a retest of previous all-time highs if macroeconomic tailwinds persist through the remainder of the quarter.
The US Treasury’s adjustment to its bond-buying program aims to stabilize long-term debt markets, but unintended liquidity spillover frequently benefits risk-on assets such as equities and digital currencies. As central bank and treasury policies remain at the forefront of trader attention, the correlation between macroeconomic announcements and crypto price action continues to strengthen.
The post Bitcoin Surpasses $70,000 Milestone Following US Treasury Long-Term Bond Purchase Announcement appeared first on Cryptopress.
Bitcoin Surpasses $70,000 Milestone Following US Treasury Long-Term Bond Purchase Announcement<ul><li>Bitcoin surged past the <strong>$70,000</strong> threshold, reaching its highest price point since early June amid a broader macroeconomic shift.</li><li>The market rally was triggered by the <a href="https://home.treasury.gov/" target="_blank" rel="noopener">US Treasury</a> announcement detailing plans to double its purchases of long-term bonds.</li><li>Traders and institutional investors responded positively to the increased liquidity injection into the financial markets.</li></ul><p class="has-drop-cap"><strong>Bitcoin</strong> climbed back into the green this morning, successfully breaking through the crucial <a href="https://www.coindesk.com/price/bitcoin/" target="_blank" rel="noopener"><strong>$70,000</strong></a> price level for the first time since early June. The sudden upward momentum follows a major policy shift from the <a href="https://home.treasury.gov/news/press-releases" target="_blank" rel="noopener">US Treasury</a>, which announced its intention to double its ongoing purchases of long-term government bonds.</p><p>The cryptocurrency market reacted swiftly to the news, which traders interpreted as a significant liquidity boost. As major traditional financial institutions and digital asset funds processed the announcement, <strong>BTC</strong> experienced a rapid surge, liquidating short positions across major derivatives exchanges and bringing renewed optimism to market participants.</p><p>According to <a href="https://www.coingecko.com/en/coins/bitcoin" target="_blank" rel="noopener">market data</a>, the leading cryptocurrency by market capitalization gained over <strong>4.5%</strong> within a 24-hour window, pushing trading volumes considerably higher than the weekly average. Analysts note that breaking the psychological resistance at <strong>$70,000</strong> could pave the way for a retest of previous all-time highs if macroeconomic tailwinds persist through the remainder of the quarter.</p><p>The US Treasury's adjustment to its bond-buying program aims to stabilize long-term debt markets, but unintended liquidity spillover frequently benefits risk-on assets such as equities and digital currencies. As central bank and treasury policies remain at the forefront of trader attention, the correlation between macroeconomic announcements and crypto price action continues to strengthen.</p>

Bitcoin Surpasses $70,000 Milestone Following US Treasury Long-Term Bond Purchase Announcement

<ul><li>Bitcoin surged past the <strong>$70,000</strong> threshold, reaching its highest price point since early June amid a broader macroeconomic shift.</li><li>The market rally was triggered by the <a href="https://home.treasury.gov/" target="_blank" rel="noopener">US Treasury</a> announcement detailing plans to double its purchases of long-term bonds.</li><li>Traders and institutional investors responded positively to the increased liquidity injection into the financial markets.</li></ul><p class="has-drop-cap"><strong>Bitcoin</strong> climbed back into the green this morning, successfully breaking through the crucial <a href="https://www.coindesk.com/price/bitcoin/" target="_blank" rel="noopener"><strong>$70,000</strong></a> price level for the first time since early June. The sudden upward momentum follows a major policy shift from the <a href="https://home.treasury.gov/news/press-releases" target="_blank" rel="noopener">US Treasury</a>, which announced its intention to double its ongoing purchases of long-term government bonds.</p><p>The cryptocurrency market reacted swiftly to the news, which traders interpreted as a significant liquidity boost. As major traditional financial institutions and digital asset funds processed the announcement, <strong>BTC</strong> experienced a rapid surge, liquidating short positions across major derivatives exchanges and bringing renewed optimism to market participants.</p><p>According to <a href="https://www.coingecko.com/en/coins/bitcoin" target="_blank" rel="noopener">market data</a>, the leading cryptocurrency by market capitalization gained over <strong>4.5%</strong> within a 24-hour window, pushing trading volumes considerably higher than the weekly average. Analysts note that breaking the psychological resistance at <strong>$70,000</strong> could pave the way for a retest of previous all-time highs if macroeconomic tailwinds persist through the remainder of the quarter.</p><p>The US Treasury's adjustment to its bond-buying program aims to stabilize long-term debt markets, but unintended liquidity spillover frequently benefits risk-on assets such as equities and digital currencies. As central bank and treasury policies remain at the forefront of trader attention, the correlation between macroeconomic announcements and crypto price action continues to strengthen.</p>
Bitcoin Surges Past $70,000 As $2.7 Billion in Shorts Liquidate and Spot ETFs Log $517 Million In...Bitcoin climbed above $70,000 for the first time since early June and later approached $72,000. Short liquidations reached a record $2.74 billion, with total wipeouts near $3 billion across more than 172,000 traders. U.S. spot bitcoin ETFs recorded $517 million in net inflows on Aug. 19, the largest since early May; ether ETFs added $189 million. Key catalysts included the U.S. Treasury doubling long-term bond buybacks and President Trump urging passage of the Clarity Act at a White House crypto event. Bitcoin briefly surpassed $70,000 on Wednesday for the first time since June 2, with the largest cryptocurrency later approaching $72,000 as gains extended into Thursday. The move, which delivered more than 7% gains in 24 hours and over 15% since Monday, was driven by improved liquidity conditions and renewed policy optimism. U.S. Treasury Secretary Scott Bessent announced a doubling of the department’s long-term bond buyback operations, a step traders interpreted as supportive for risk assets through potentially lower yields. At the same time, President Donald Trump hosted leading crypto executives at the White House and called on Congress to advance market-structure legislation, saying: “Now we need Congress to take the next step by passing the Clarity Act — fair version of the Clarity Act.” The sharp price advance triggered a historic short squeeze. CoinGlass data cited by CoinDesk showed short sellers lost nearly $2.74 billion in 24 hours — the largest wave of forced bearish closures in records dating to 2021 — out of total liquidations approaching $3 billion across 172,108 traders. Bitcoin accounted for roughly $1.42 billion of the short liquidations, while ether saw about $1.13 billion. Institutional flows reinforced the rebound. U.S. spot bitcoin ETFs posted $517.19 million in net inflows on Aug. 19, the strongest single-day total since May 4, led by BlackRock’s IBIT at $284.7 million. Spot ether ETFs simultaneously recorded $189 million in inflows. The rally has reclaimed several key technical and on-chain levels, yet broader macro risks, including inflation readings and potential Federal Reserve policy shifts, remain relevant for further upside. Related assets also advanced, with ether rising more than 18% over the same period. The post Bitcoin Surges Past $70,000 as $2.7 Billion in Shorts Liquidate and Spot ETFs Log $517 Million Inflows appeared first on Cryptopress.

Bitcoin Surges Past $70,000 As $2.7 Billion in Shorts Liquidate and Spot ETFs Log $517 Million In...

Bitcoin climbed above $70,000 for the first time since early June and later approached $72,000.
Short liquidations reached a record $2.74 billion, with total wipeouts near $3 billion across more than 172,000 traders.
U.S. spot bitcoin ETFs recorded $517 million in net inflows on Aug. 19, the largest since early May; ether ETFs added $189 million.
Key catalysts included the U.S. Treasury doubling long-term bond buybacks and President Trump urging passage of the Clarity Act at a White House crypto event.
Bitcoin briefly surpassed $70,000 on Wednesday for the first time since June 2, with the largest cryptocurrency later approaching $72,000 as gains extended into Thursday.
The move, which delivered more than 7% gains in 24 hours and over 15% since Monday, was driven by improved liquidity conditions and renewed policy optimism. U.S. Treasury Secretary Scott Bessent announced a doubling of the department’s long-term bond buyback operations, a step traders interpreted as supportive for risk assets through potentially lower yields.
At the same time, President Donald Trump hosted leading crypto executives at the White House and called on Congress to advance market-structure legislation, saying: “Now we need Congress to take the next step by passing the Clarity Act — fair version of the Clarity Act.”
The sharp price advance triggered a historic short squeeze. CoinGlass data cited by CoinDesk showed short sellers lost nearly $2.74 billion in 24 hours — the largest wave of forced bearish closures in records dating to 2021 — out of total liquidations approaching $3 billion across 172,108 traders. Bitcoin accounted for roughly $1.42 billion of the short liquidations, while ether saw about $1.13 billion.
Institutional flows reinforced the rebound. U.S. spot bitcoin ETFs posted $517.19 million in net inflows on Aug. 19, the strongest single-day total since May 4, led by BlackRock’s IBIT at $284.7 million. Spot ether ETFs simultaneously recorded $189 million in inflows.
The rally has reclaimed several key technical and on-chain levels, yet broader macro risks, including inflation readings and potential Federal Reserve policy shifts, remain relevant for further upside. Related assets also advanced, with ether rising more than 18% over the same period.
The post Bitcoin Surges Past $70,000 as $2.7 Billion in Shorts Liquidate and Spot ETFs Log $517 Million Inflows appeared first on Cryptopress.
Bitcoin Surges Past $70,000 as $2.7 Billion in Shorts Liquidate and Spot ETFs Log $517 Million Inflows<hr><ul><li>Bitcoin climbed above <strong>$70,000</strong> for the first time since early June and later approached <strong>$72,000</strong>.</li><li>Short liquidations reached a record <strong>$2.74 billion</strong>, with total wipeouts near <strong>$3 billion</strong> across more than 172,000 traders.</li><li>U.S. spot bitcoin ETFs recorded <strong>$517 million</strong> in net inflows on Aug. 19, the largest since early May; ether ETFs added <strong>$189 million</strong>.</li><li>Key catalysts included the U.S. Treasury doubling long-term bond buybacks and President Trump urging passage of the Clarity Act at a White House crypto event.</li></ul><hr><p class="has-drop-cap">Bitcoin <a href="https://www.coindesk.com/markets/2026/08/19/bitcoin-briefly-hits-usd70-000-for-the-first-time-since-june-here-is-why" target="_blank" rel="noopener">briefly surpassed $70,000</a> on Wednesday for the first time since June 2, with the largest cryptocurrency later approaching <strong>$72,000</strong> as gains extended into Thursday.</p><p>The move, which delivered more than 7% gains in 24 hours and over 15% since Monday, was driven by improved liquidity conditions and renewed policy optimism. U.S. Treasury Secretary Scott Bessent announced a doubling of the department’s long-term bond buyback operations, a step traders interpreted as supportive for risk assets through potentially lower yields.</p><p>At the same time, <a href="https://www.reuters.com/legal/government/trump-host-crypto-executives-sec-weighs-regulations-2026-08-19/" target="_blank" rel="noopener">President Donald Trump</a> hosted leading crypto executives at the White House and called on Congress to advance market-structure legislation, saying: “Now we need Congress to take the next step by passing the Clarity Act — fair version of the Clarity Act.”</p><p>The sharp price advance triggered a historic short squeeze. <a href="https://www.coindesk.com/markets/2026/08/20/bearish-crypto-bets-lose-record-usd2-7-billion-as-bitcoin-surges-toward-usd70-000" target="_blank" rel="noopener">CoinGlass data cited by CoinDesk</a> showed short sellers lost nearly <strong>$2.74 billion</strong> in 24 hours — the largest wave of forced bearish closures in records dating to 2021 — out of total liquidations approaching <strong>$3 billion</strong> across 172,108 traders. Bitcoin accounted for roughly <strong>$1.42 billion</strong> of the short liquidations, while ether saw about <strong>$1.13 billion</strong>.</p><p>Institutional flows reinforced the rebound. <a href="https://www.theblock.co/news/markets/2026-08-20-us-bitcoin-etf-517-million-inflows-412291" target="_blank" rel="noopener">U.S. spot bitcoin ETFs posted $517.19 million in net inflows</a> on Aug. 19, the strongest single-day total since May 4, led by BlackRock’s IBIT at $284.7 million. Spot ether ETFs simultaneously recorded $189 million in inflows.</p><p>The rally has reclaimed several key technical and on-chain levels, yet broader macro risks, including inflation readings and potential Federal Reserve policy shifts, remain relevant for further upside. Related assets also advanced, with ether rising more than 18% over the same period.</p>

Bitcoin Surges Past $70,000 as $2.7 Billion in Shorts Liquidate and Spot ETFs Log $517 Million Inflows

<hr><ul><li>Bitcoin climbed above <strong>$70,000</strong> for the first time since early June and later approached <strong>$72,000</strong>.</li><li>Short liquidations reached a record <strong>$2.74 billion</strong>, with total wipeouts near <strong>$3 billion</strong> across more than 172,000 traders.</li><li>U.S. spot bitcoin ETFs recorded <strong>$517 million</strong> in net inflows on Aug. 19, the largest since early May; ether ETFs added <strong>$189 million</strong>.</li><li>Key catalysts included the U.S. Treasury doubling long-term bond buybacks and President Trump urging passage of the Clarity Act at a White House crypto event.</li></ul><hr><p class="has-drop-cap">Bitcoin <a href="https://www.coindesk.com/markets/2026/08/19/bitcoin-briefly-hits-usd70-000-for-the-first-time-since-june-here-is-why" target="_blank" rel="noopener">briefly surpassed $70,000</a> on Wednesday for the first time since June 2, with the largest cryptocurrency later approaching <strong>$72,000</strong> as gains extended into Thursday.</p><p>The move, which delivered more than 7% gains in 24 hours and over 15% since Monday, was driven by improved liquidity conditions and renewed policy optimism. U.S. Treasury Secretary Scott Bessent announced a doubling of the department’s long-term bond buyback operations, a step traders interpreted as supportive for risk assets through potentially lower yields.</p><p>At the same time, <a href="https://www.reuters.com/legal/government/trump-host-crypto-executives-sec-weighs-regulations-2026-08-19/" target="_blank" rel="noopener">President Donald Trump</a> hosted leading crypto executives at the White House and called on Congress to advance market-structure legislation, saying: “Now we need Congress to take the next step by passing the Clarity Act — fair version of the Clarity Act.”</p><p>The sharp price advance triggered a historic short squeeze. <a href="https://www.coindesk.com/markets/2026/08/20/bearish-crypto-bets-lose-record-usd2-7-billion-as-bitcoin-surges-toward-usd70-000" target="_blank" rel="noopener">CoinGlass data cited by CoinDesk</a> showed short sellers lost nearly <strong>$2.74 billion</strong> in 24 hours — the largest wave of forced bearish closures in records dating to 2021 — out of total liquidations approaching <strong>$3 billion</strong> across 172,108 traders. Bitcoin accounted for roughly <strong>$1.42 billion</strong> of the short liquidations, while ether saw about <strong>$1.13 billion</strong>.</p><p>Institutional flows reinforced the rebound. <a href="https://www.theblock.co/news/markets/2026-08-20-us-bitcoin-etf-517-million-inflows-412291" target="_blank" rel="noopener">U.S. spot bitcoin ETFs posted $517.19 million in net inflows</a> on Aug. 19, the strongest single-day total since May 4, led by BlackRock’s IBIT at $284.7 million. Spot ether ETFs simultaneously recorded $189 million in inflows.</p><p>The rally has reclaimed several key technical and on-chain levels, yet broader macro risks, including inflation readings and potential Federal Reserve policy shifts, remain relevant for further upside. Related assets also advanced, with ether rising more than 18% over the same period.</p>
SEC Proposes ‘Regulation Crypto Assets’ Framework Following Abrupt Meeting CancellationThe U.S. Securities and Exchange Commission has proposed a new crypto fundraising framework titled Regulation Crypto Assets. The regulatory reversal comes just days after the agency abruptly canceled a previously scheduled meeting regarding the same initiative. The move marks a significant development in the commission’s ongoing efforts to establish clearer compliance pathways for digital asset issuances. The U.S. Securities and Exchange Commission (SEC) has officially proposed a new set of crypto fundraising rules dubbed “Regulation Crypto Assets,” according to regulatory filings. The unexpected policy rollout comes just days after the agency abruptly canceled a high-profile meeting that was originally set to discuss the exact same framework. The proposed framework aims to address long-standing regulatory ambiguities surrounding digital asset offerings in the United States. For years, market participants, founders, and legal experts have criticized the agency for relying on enforcement rather than clear rule-making. The introduction of Regulation Crypto Assets could potentially establish a formal pathway for token issuers to raise capital while complying with federal securities laws. Industry stakeholders are currently reviewing the text of the proposal to understand the full scope of compliance obligations, disclosure requirements, and potential exemptions for early-stage projects. While some legal analysts view the initiative as a constructive step toward regulatory clarity, others remain cautious about the strictness of the proposed parameters. The SEC has yet to provide a definitive timeline for the public comment period or a final vote on the framework. The reversal highlights the fast-moving and often unpredictable nature of crypto policy under current leadership. As the regulatory landscape continues to evolve, market participants are closely monitoring upcoming statements from commissioners and division directors for further guidance on how Regulation Crypto Assets will be enforced. The post SEC Proposes ‘Regulation Crypto Assets’ Framework Following Abrupt Meeting Cancellation appeared first on Cryptopress.

SEC Proposes ‘Regulation Crypto Assets’ Framework Following Abrupt Meeting Cancellation

The U.S. Securities and Exchange Commission has proposed a new crypto fundraising framework titled Regulation Crypto Assets.
The regulatory reversal comes just days after the agency abruptly canceled a previously scheduled meeting regarding the same initiative.
The move marks a significant development in the commission’s ongoing efforts to establish clearer compliance pathways for digital asset issuances.
The U.S. Securities and Exchange Commission (SEC) has officially proposed a new set of crypto fundraising rules dubbed “Regulation Crypto Assets,” according to regulatory filings. The unexpected policy rollout comes just days after the agency abruptly canceled a high-profile meeting that was originally set to discuss the exact same framework.
The proposed framework aims to address long-standing regulatory ambiguities surrounding digital asset offerings in the United States. For years, market participants, founders, and legal experts have criticized the agency for relying on enforcement rather than clear rule-making. The introduction of Regulation Crypto Assets could potentially establish a formal pathway for token issuers to raise capital while complying with federal securities laws.
Industry stakeholders are currently reviewing the text of the proposal to understand the full scope of compliance obligations, disclosure requirements, and potential exemptions for early-stage projects. While some legal analysts view the initiative as a constructive step toward regulatory clarity, others remain cautious about the strictness of the proposed parameters. The SEC has yet to provide a definitive timeline for the public comment period or a final vote on the framework.
The reversal highlights the fast-moving and often unpredictable nature of crypto policy under current leadership. As the regulatory landscape continues to evolve, market participants are closely monitoring upcoming statements from commissioners and division directors for further guidance on how Regulation Crypto Assets will be enforced.
The post SEC Proposes ‘Regulation Crypto Assets’ Framework Following Abrupt Meeting Cancellation appeared first on Cryptopress.
Crypto Markets Brace for #FOMCWatch As Federal Reserve Signals Rate Decision PathDigital asset markets are heavily focused on #FOMCWatch updates as macroeconomic indicators point toward pivotal Federal Reserve monetary policy shifts. Traders and institutional investors are closely analyzing interest rate probabilities, which historically dictate near-term volatility across bitcoin and altcoins. Market participants continue to parse macroeconomic data releases for clues on whether the central bank will enact a rate cut or maintain a restrictive stance. Cryptocurrency markets are maintaining a cautious stance as traders ramp up #FOMCWatch tracking ahead of the upcoming Federal Reserve interest rate decision. Macroeconomic conditions continue to exert a dominant influence on digital asset valuations, with market participants eagerly awaiting definitive signals from central bank officials regarding future monetary policy. The convergence of macroeconomic policy and crypto market dynamics has intensified in recent quarters. According to discussions tracked across Federal Reserve communications, policymakers are carefully balancing inflation data against employment metrics to determine the appropriate trajectory for benchmark borrowing costs. A dovish shift by the central bank typically injects liquidity into risk-on assets, whereas a sustained high-interest-rate environment often pressures high-beta sectors like cryptocurrencies. As detailed in recent market reports, derivatives traders are positioning defensively, pricing in potential short-term volatility around the announcement window. Open interest across major exchanges reflects heightened hedging activity, indicating that institutional players are bracing for significant price swings regardless of the final outcome. Market analysts note that while long-term crypto adoption is increasingly driven by structural factors and spot exchange-traded fund inflows, macro catalysts remain capable of triggering sharp liquidation events. Consequently, the ongoing macroeconomic monitoring remains a crucial component of daily risk management strategies for active traders. The post Crypto Markets Brace for #FOMCWatch as Federal Reserve Signals Rate Decision Path appeared first on Cryptopress.

Crypto Markets Brace for #FOMCWatch As Federal Reserve Signals Rate Decision Path

Digital asset markets are heavily focused on #FOMCWatch updates as macroeconomic indicators point toward pivotal Federal Reserve monetary policy shifts.
Traders and institutional investors are closely analyzing interest rate probabilities, which historically dictate near-term volatility across bitcoin and altcoins.
Market participants continue to parse macroeconomic data releases for clues on whether the central bank will enact a rate cut or maintain a restrictive stance.
Cryptocurrency markets are maintaining a cautious stance as traders ramp up #FOMCWatch tracking ahead of the upcoming Federal Reserve interest rate decision. Macroeconomic conditions continue to exert a dominant influence on digital asset valuations, with market participants eagerly awaiting definitive signals from central bank officials regarding future monetary policy.
The convergence of macroeconomic policy and crypto market dynamics has intensified in recent quarters. According to discussions tracked across Federal Reserve communications, policymakers are carefully balancing inflation data against employment metrics to determine the appropriate trajectory for benchmark borrowing costs. A dovish shift by the central bank typically injects liquidity into risk-on assets, whereas a sustained high-interest-rate environment often pressures high-beta sectors like cryptocurrencies.
As detailed in recent market reports, derivatives traders are positioning defensively, pricing in potential short-term volatility around the announcement window. Open interest across major exchanges reflects heightened hedging activity, indicating that institutional players are bracing for significant price swings regardless of the final outcome.
Market analysts note that while long-term crypto adoption is increasingly driven by structural factors and spot exchange-traded fund inflows, macro catalysts remain capable of triggering sharp liquidation events. Consequently, the ongoing macroeconomic monitoring remains a crucial component of daily risk management strategies for active traders.
The post Crypto Markets Brace for #FOMCWatch as Federal Reserve Signals Rate Decision Path appeared first on Cryptopress.
Crypto Markets Brace for #FOMCWatch as Federal Reserve Signals Rate Decision Path<ul><li>Digital asset markets are heavily focused on #FOMCWatch updates as macroeconomic indicators point toward pivotal Federal Reserve monetary policy shifts.</li><li>Traders and institutional investors are closely analyzing interest rate probabilities, which historically dictate near-term volatility across bitcoin and altcoins.</li><li>Market participants continue to parse macroeconomic data releases for clues on whether the central bank will enact a rate cut or maintain a restrictive stance.</li></ul><p class="has-drop-cap">Cryptocurrency markets are maintaining a cautious stance as traders ramp up <a href="https://www.coindesk.com/" target="_blank" rel="noopener">#FOMCWatch</a> tracking ahead of the upcoming Federal Reserve interest rate decision. Macroeconomic conditions continue to exert a dominant influence on digital asset valuations, with market participants eagerly awaiting definitive signals from central bank officials regarding future monetary policy.</p><p>The convergence of macroeconomic policy and crypto market dynamics has intensified in recent quarters. According to discussions tracked across <a href="https://x.com/FederalReserve" target="_blank" rel="noopener">Federal Reserve communications</a>, policymakers are carefully balancing inflation data against employment metrics to determine the appropriate trajectory for benchmark borrowing costs. A dovish shift by the central bank typically injects liquidity into risk-on assets, whereas a sustained high-interest-rate environment often pressures high-beta sectors like cryptocurrencies.</p><p>As detailed in <a href="https://www.coindesk.com/markets/" target="_blank" rel="noopener">recent market reports</a>, derivatives traders are positioning defensively, pricing in potential short-term volatility around the announcement window. Open interest across major exchanges reflects heightened hedging activity, indicating that institutional players are bracing for significant price swings regardless of the final outcome.</p><p>Market analysts note that while long-term crypto adoption is increasingly driven by structural factors and spot exchange-traded fund inflows, macro catalysts remain capable of triggering sharp liquidation events. Consequently, the ongoing <a href="https://decrypt.co/" target="_blank" rel="noopener">macroeconomic monitoring</a> remains a crucial component of daily risk management strategies for active traders.</p>

Crypto Markets Brace for #FOMCWatch as Federal Reserve Signals Rate Decision Path

<ul><li>Digital asset markets are heavily focused on #FOMCWatch updates as macroeconomic indicators point toward pivotal Federal Reserve monetary policy shifts.</li><li>Traders and institutional investors are closely analyzing interest rate probabilities, which historically dictate near-term volatility across bitcoin and altcoins.</li><li>Market participants continue to parse macroeconomic data releases for clues on whether the central bank will enact a rate cut or maintain a restrictive stance.</li></ul><p class="has-drop-cap">Cryptocurrency markets are maintaining a cautious stance as traders ramp up <a href="https://www.coindesk.com/" target="_blank" rel="noopener">#FOMCWatch</a> tracking ahead of the upcoming Federal Reserve interest rate decision. Macroeconomic conditions continue to exert a dominant influence on digital asset valuations, with market participants eagerly awaiting definitive signals from central bank officials regarding future monetary policy.</p><p>The convergence of macroeconomic policy and crypto market dynamics has intensified in recent quarters. According to discussions tracked across <a href="https://x.com/FederalReserve" target="_blank" rel="noopener">Federal Reserve communications</a>, policymakers are carefully balancing inflation data against employment metrics to determine the appropriate trajectory for benchmark borrowing costs. A dovish shift by the central bank typically injects liquidity into risk-on assets, whereas a sustained high-interest-rate environment often pressures high-beta sectors like cryptocurrencies.</p><p>As detailed in <a href="https://www.coindesk.com/markets/" target="_blank" rel="noopener">recent market reports</a>, derivatives traders are positioning defensively, pricing in potential short-term volatility around the announcement window. Open interest across major exchanges reflects heightened hedging activity, indicating that institutional players are bracing for significant price swings regardless of the final outcome.</p><p>Market analysts note that while long-term crypto adoption is increasingly driven by structural factors and spot exchange-traded fund inflows, macro catalysts remain capable of triggering sharp liquidation events. Consequently, the ongoing <a href="https://decrypt.co/" target="_blank" rel="noopener">macroeconomic monitoring</a> remains a crucial component of daily risk management strategies for active traders.</p>
SEC Proposes 'Regulation Crypto Assets' Framework Following Abrupt Meeting Cancellation<ul><li>The U.S. Securities and Exchange Commission has proposed a new crypto fundraising framework titled <strong>Regulation Crypto Assets</strong>.</li><li>The regulatory reversal comes just days after the agency abruptly canceled a previously scheduled meeting regarding the same initiative.</li><li>The move marks a significant development in the commission's ongoing efforts to establish clearer compliance pathways for digital asset issuances.</li></ul><p>The <strong>U.S. Securities and Exchange Commission (SEC)</strong> has officially proposed a new set of crypto fundraising rules dubbed <strong>"Regulation Crypto Assets,"</strong> <a href="https://www.coindesk.com" target="_blank" rel="noopener">according to regulatory filings</a>. The unexpected policy rollout comes just days after the agency <a href="https://www.theblock.co" target="_blank" rel="noopener">abruptly canceled a high-profile meeting</a> that was originally set to discuss the exact same framework.</p><p>The proposed framework aims to address long-standing regulatory ambiguities surrounding digital asset offerings in the United States. For years, market participants, founders, and legal experts have criticized the agency for relying on enforcement rather than clear rule-making. The introduction of <strong>Regulation Crypto Assets</strong> could potentially establish a formal pathway for token issuers to raise capital while complying with federal securities laws.</p><p>Industry stakeholders are currently reviewing the text of the proposal to understand the full scope of compliance obligations, disclosure requirements, and potential exemptions for early-stage projects. While some legal analysts view the initiative as a constructive step toward regulatory clarity, others remain cautious about the strictness of the proposed parameters. The SEC has yet to provide a definitive timeline for the public comment period or a final vote on the framework.</p><p>The reversal highlights the fast-moving and often unpredictable nature of crypto policy under current leadership. As the regulatory landscape continues to evolve, market participants are closely monitoring upcoming statements from commissioners and division directors for further guidance on how <strong>Regulation Crypto Assets</strong> will be enforced.</p>

SEC Proposes 'Regulation Crypto Assets' Framework Following Abrupt Meeting Cancellation

<ul><li>The U.S. Securities and Exchange Commission has proposed a new crypto fundraising framework titled <strong>Regulation Crypto Assets</strong>.</li><li>The regulatory reversal comes just days after the agency abruptly canceled a previously scheduled meeting regarding the same initiative.</li><li>The move marks a significant development in the commission's ongoing efforts to establish clearer compliance pathways for digital asset issuances.</li></ul><p>The <strong>U.S. Securities and Exchange Commission (SEC)</strong> has officially proposed a new set of crypto fundraising rules dubbed <strong>"Regulation Crypto Assets,"</strong> <a href="https://www.coindesk.com" target="_blank" rel="noopener">according to regulatory filings</a>. The unexpected policy rollout comes just days after the agency <a href="https://www.theblock.co" target="_blank" rel="noopener">abruptly canceled a high-profile meeting</a> that was originally set to discuss the exact same framework.</p><p>The proposed framework aims to address long-standing regulatory ambiguities surrounding digital asset offerings in the United States. For years, market participants, founders, and legal experts have criticized the agency for relying on enforcement rather than clear rule-making. The introduction of <strong>Regulation Crypto Assets</strong> could potentially establish a formal pathway for token issuers to raise capital while complying with federal securities laws.</p><p>Industry stakeholders are currently reviewing the text of the proposal to understand the full scope of compliance obligations, disclosure requirements, and potential exemptions for early-stage projects. While some legal analysts view the initiative as a constructive step toward regulatory clarity, others remain cautious about the strictness of the proposed parameters. The SEC has yet to provide a definitive timeline for the public comment period or a final vote on the framework.</p><p>The reversal highlights the fast-moving and often unpredictable nature of crypto policy under current leadership. As the regulatory landscape continues to evolve, market participants are closely monitoring upcoming statements from commissioners and division directors for further guidance on how <strong>Regulation Crypto Assets</strong> will be enforced.</p>
Maya Protocol Halts Network After $1.7 Million Exploit Via Six Chained BugsMaya Protocol halted its MAYAChain network after an attacker drained roughly $1.7 million using six chained software bugs. The attacker withdrew 48.87 million CACAO and moved about 20.83 BTC worth approximately $1.34 million off-chain. CACAO fell nearly 89% from around $0.115 to a low of $0.013 before partial recovery. Founder AaluxxMyth confirmed the incident and said the team is working to fix the issues and recover fully. Liquidity pool values declined an estimated $10.9 million including arbitrage and token devaluation. Cross-chain liquidity protocol Maya Protocol halted its MAYAChain network after an attacker exploited a series of software flaws to drain nearly $1.7 million in bitcoin and other assets. According to a statement from founder AaluxxMyth, the attacker took about 20 bitcoin valued at roughly $1.4 million plus approximately $300,000 in additional assets. The protocol implemented a global halt to contain further damage and is working on a fix before swaps resume. A preliminary technical analysis attributed the incident to six chained bugs involving trade accounts, outbound transaction handling and liquidity pool calculations. The attacker executed a single transaction containing 23 messages that triggered a false theft detection, artificially inflated a low-liquidity pool, and allowed the withdrawal of 48.87 million CACAO from Maya’s Asgard module, as detailed in reporting by Cointelegraph. On-chain data showed about $1.36 million moved to external blockchains, while the attacker retained positions worth around $291,000 on MAYAChain. CertiK Alert confirmed the roughly $1.7 million figure and noted the inflation of ARB.LINK accounting followed by liquidity add/remove actions that extracted the CACAO and other tokens. CACAO, the protocol’s native token, plunged from approximately $0.115 to as low as $0.013 — a drop of nearly 89% — before recovering toward $0.03. The broader impact included an estimated $10.9 million decline in pool values, driven by the exploit itself, subsequent arbitrage, and the token’s devaluation rather than solely the assets taken by the attacker, according to analysis cited across coverage. Maya Protocol, a THORChain fork that enables native cross-chain swaps without wrapped assets, marked its first major loss-of-funds incident of this scale since launching in 2023. The team has indicated it will pursue recovery options, including outreach to the attacker regarding a potential bug bounty. The post Maya Protocol Halts Network After $1.7 Million Exploit via Six Chained Bugs appeared first on Cryptopress.

Maya Protocol Halts Network After $1.7 Million Exploit Via Six Chained Bugs

Maya Protocol halted its MAYAChain network after an attacker drained roughly $1.7 million using six chained software bugs.
The attacker withdrew 48.87 million CACAO and moved about 20.83 BTC worth approximately $1.34 million off-chain.
CACAO fell nearly 89% from around $0.115 to a low of $0.013 before partial recovery.
Founder AaluxxMyth confirmed the incident and said the team is working to fix the issues and recover fully.
Liquidity pool values declined an estimated $10.9 million including arbitrage and token devaluation.
Cross-chain liquidity protocol Maya Protocol halted its MAYAChain network after an attacker exploited a series of software flaws to drain nearly $1.7 million in bitcoin and other assets.
According to a statement from founder AaluxxMyth, the attacker took about 20 bitcoin valued at roughly $1.4 million plus approximately $300,000 in additional assets. The protocol implemented a global halt to contain further damage and is working on a fix before swaps resume.
A preliminary technical analysis attributed the incident to six chained bugs involving trade accounts, outbound transaction handling and liquidity pool calculations. The attacker executed a single transaction containing 23 messages that triggered a false theft detection, artificially inflated a low-liquidity pool, and allowed the withdrawal of 48.87 million CACAO from Maya’s Asgard module, as detailed in reporting by Cointelegraph.
On-chain data showed about $1.36 million moved to external blockchains, while the attacker retained positions worth around $291,000 on MAYAChain. CertiK Alert confirmed the roughly $1.7 million figure and noted the inflation of ARB.LINK accounting followed by liquidity add/remove actions that extracted the CACAO and other tokens.
CACAO, the protocol’s native token, plunged from approximately $0.115 to as low as $0.013 — a drop of nearly 89% — before recovering toward $0.03. The broader impact included an estimated $10.9 million decline in pool values, driven by the exploit itself, subsequent arbitrage, and the token’s devaluation rather than solely the assets taken by the attacker, according to analysis cited across coverage.
Maya Protocol, a THORChain fork that enables native cross-chain swaps without wrapped assets, marked its first major loss-of-funds incident of this scale since launching in 2023. The team has indicated it will pursue recovery options, including outreach to the attacker regarding a potential bug bounty.
The post Maya Protocol Halts Network After $1.7 Million Exploit via Six Chained Bugs appeared first on Cryptopress.
Maya Protocol Halts Network After $1.7 Million Exploit via Six Chained Bugs<ul><li>Maya Protocol halted its MAYAChain network after an attacker drained roughly $1.7 million using six chained software bugs.</li><li>The attacker withdrew 48.87 million CACAO and moved about 20.83 BTC worth approximately $1.34 million off-chain.</li><li>CACAO fell nearly 89% from around $0.115 to a low of $0.013 before partial recovery.</li><li>Founder AaluxxMyth confirmed the incident and said the team is working to fix the issues and recover fully.</li><li>Liquidity pool values declined an estimated $10.9 million including arbitrage and token devaluation.</li></ul><p class="has-drop-cap">Cross-chain liquidity protocol Maya Protocol halted its MAYAChain network after an attacker exploited a series of software flaws to drain nearly <strong>$1.7 million</strong> in bitcoin and other assets.</p><p>According to a <a href="https://x.com/AaluxxMyth/status/2089792721086996703" target="_blank" rel="noopener">statement from founder AaluxxMyth</a>, the attacker took about 20 bitcoin valued at roughly $1.4 million plus approximately $300,000 in additional assets. The protocol implemented a global halt to contain further damage and is working on a fix before swaps resume.</p><p>A preliminary technical analysis attributed the incident to <strong>six chained bugs</strong> involving trade accounts, outbound transaction handling and liquidity pool calculations. The attacker executed a single transaction containing 23 messages that triggered a false theft detection, artificially inflated a low-liquidity pool, and allowed the withdrawal of <strong>48.87 million CACAO</strong> from Maya’s Asgard module, as detailed in reporting by <a href="https://cointelegraph.com/news/maya-protocol-1-7m-exploit-network-halt" target="_blank" rel="noopener">Cointelegraph</a>.</p><p>On-chain data showed about $1.36 million moved to external blockchains, while the attacker retained positions worth around $291,000 on MAYAChain. <a href="https://x.com/CertiKAlert/status/2089900489752318181" target="_blank" rel="noopener">CertiK Alert</a> confirmed the roughly $1.7 million figure and noted the inflation of ARB.LINK accounting followed by liquidity add/remove actions that extracted the CACAO and other tokens.</p><p>CACAO, the protocol’s native token, plunged from approximately $0.115 to as low as $0.013 — a drop of nearly <strong>89%</strong> — before recovering toward $0.03. The broader impact included an estimated <strong>$10.9 million</strong> decline in pool values, driven by the exploit itself, subsequent arbitrage, and the token’s devaluation rather than solely the assets taken by the attacker, according to analysis cited across coverage.</p><p>Maya Protocol, a THORChain fork that enables native cross-chain swaps without wrapped assets, marked its first major loss-of-funds incident of this scale since launching in 2023. The team has indicated it will pursue recovery options, including outreach to the attacker regarding a potential bug bounty.</p>

Maya Protocol Halts Network After $1.7 Million Exploit via Six Chained Bugs

<ul><li>Maya Protocol halted its MAYAChain network after an attacker drained roughly $1.7 million using six chained software bugs.</li><li>The attacker withdrew 48.87 million CACAO and moved about 20.83 BTC worth approximately $1.34 million off-chain.</li><li>CACAO fell nearly 89% from around $0.115 to a low of $0.013 before partial recovery.</li><li>Founder AaluxxMyth confirmed the incident and said the team is working to fix the issues and recover fully.</li><li>Liquidity pool values declined an estimated $10.9 million including arbitrage and token devaluation.</li></ul><p class="has-drop-cap">Cross-chain liquidity protocol Maya Protocol halted its MAYAChain network after an attacker exploited a series of software flaws to drain nearly <strong>$1.7 million</strong> in bitcoin and other assets.</p><p>According to a <a href="https://x.com/AaluxxMyth/status/2089792721086996703" target="_blank" rel="noopener">statement from founder AaluxxMyth</a>, the attacker took about 20 bitcoin valued at roughly $1.4 million plus approximately $300,000 in additional assets. The protocol implemented a global halt to contain further damage and is working on a fix before swaps resume.</p><p>A preliminary technical analysis attributed the incident to <strong>six chained bugs</strong> involving trade accounts, outbound transaction handling and liquidity pool calculations. The attacker executed a single transaction containing 23 messages that triggered a false theft detection, artificially inflated a low-liquidity pool, and allowed the withdrawal of <strong>48.87 million CACAO</strong> from Maya’s Asgard module, as detailed in reporting by <a href="https://cointelegraph.com/news/maya-protocol-1-7m-exploit-network-halt" target="_blank" rel="noopener">Cointelegraph</a>.</p><p>On-chain data showed about $1.36 million moved to external blockchains, while the attacker retained positions worth around $291,000 on MAYAChain. <a href="https://x.com/CertiKAlert/status/2089900489752318181" target="_blank" rel="noopener">CertiK Alert</a> confirmed the roughly $1.7 million figure and noted the inflation of ARB.LINK accounting followed by liquidity add/remove actions that extracted the CACAO and other tokens.</p><p>CACAO, the protocol’s native token, plunged from approximately $0.115 to as low as $0.013 — a drop of nearly <strong>89%</strong> — before recovering toward $0.03. The broader impact included an estimated <strong>$10.9 million</strong> decline in pool values, driven by the exploit itself, subsequent arbitrage, and the token’s devaluation rather than solely the assets taken by the attacker, according to analysis cited across coverage.</p><p>Maya Protocol, a THORChain fork that enables native cross-chain swaps without wrapped assets, marked its first major loss-of-funds incident of this scale since launching in 2023. The team has indicated it will pursue recovery options, including outreach to the attacker regarding a potential bug bounty.</p>
CoinFerenceX and the Best Event Join Forces to Launch “CoinFerenceX the Best Event Singapore,” th...SINGAPORE, CoinFerenceX, the Web3 conference series known for curating high-signal gatherings of founders, investors, and builders, today announced it has combined forces with The Best Event, the events production group behind 80+ live experiences across 10+ global cities, to launch CoinFerenceX The Best Event Singapore, the next tier of the world’s first Decentralised Summit. The event will take place 5-6 October 2026 at Gardens by the Bay, positioning it as a leading alternative during Singapore’s Token2049 and Asia Crypto Week. The partnership pairs CoinFerenceX’s content curation and community depth with The Best Event’s large-scale production and sponsor-activation track record, creating what the two companies describe as “the event nobody else can build.” What sets the conference apart is its decentralized summit model: a 2 day event shaped by the industry rather than dictated by an organizer. Where traditional conferences sell booths and speaking slots, CoinFerenceX and The Best Event will invite the founders, funds and ecosystem leaders who show up to help shape the agenda itself, deciding which conversations matter and which builders take the stage. While the organizers handle the production and logistics, the direction of the summit is set by the Web3 players with real skin in the game. It’s a gathering built by the people driving the ecosystem forward, for the people driving it forward.  The Best Event brings a track record of 80+ delivered events, a presence in more than 10 global cities, over 50 million annual organic impressions, and north of 1 billion in social reach. The group’s attendance has grown from 35,000 in 2025 to a projected 70,000 in 2026. Its sponsor case studies point to concrete ROI, including one partner that turned a $50,000 investment into $1 million raised, another that saw a $50,000 spend convert into $1 million in ROI, and a third that converted two leads into a $400,000 deal. At CoinFerenceX, partners help shape the agenda itself rather than simply buying booth space and a speaking slot. CoinFerenceX’s community includes 7,500+ curated attendees from more than 70 countries, over 500 ecosystem and media partners, and more than 300 VCs and investment funds. Roughly 60% of its attendees are C-level executives or founders, and independent feedback shows 94% of past partners say they would return, with 89% rating CoinFerenceX among the top 25% of Web3 events globally. The combined summit is designed around four experience tracks: The Leaders Summit: an invite-only, C-level gathering where governance decisions and strategic partnerships take shape. Protocol Deep Dives: technical workshops where protocols demonstrate what they are actually shipping. The Founders’ Den: a venue for early-stage builders to pitch directly to 200+ VCs and investors. The Innovation Showcase: live product demos from established players and emerging protocols alike. Early figures for the Singapore edition point to more than 4,000 curated attendees, 500+ VCs and investors, 400+ ecosystem and media partners, 85+ C-level speakers, and more than 8,000 total event registrations. As with prior CoinFerenceX editions, roughly 60% of attendees are expected to be C-level executives or founders. Organizers say the agenda will be co-created by founders and ecosystem leaders with skin in the game, focused on sessions that deliver actionable insight or substantive content over celebrity keynotes. “We’re incredibly excited for this edition, it’s bigger, sharper and more ambitious than anything we’ve done before. With the whole industry in Singapore that week, we’ve curated a stage and an audience that turns that energy into real conversations and real deals. This is CoinFerenceX The Best Event at its strongest,” shared Prince Gupta, Co-Founder of CoinFerenceX Tobias Bauer, Co-Founder of The Best Event, added, “This partnership is the best of both worlds: CoinFerenceX’s curated speaker line-ups meet The Best Event’s scale of 50,000 attendees a year, the largest Web3 event series globally. Together we’re bringing one of the biggest two-day conferences to Singapore, our home market, with frontier thought leadership and production quality unlike anything else in the space.” Event Details Event: CoinFerenceX The Best Event Singapore Dates: 5-6 October 2026 Venue: Gardens by the Bay, Singapore Tickets & partner applications: coinferencex.com/singapore About CoinFerenceX CoinFerenceX is a global decentralized Web3 summit connecting founders, investors, blockchain companies, developers, and industry leaders to accelerate innovation and collaboration in the digital economy. Through its ecosystem-driven approach, CoinFerenceX creates a platform for meaningful networking, knowledge exchange, startup opportunities, and strategic partnerships shaping the future of Web3. The summit brings together the brightest minds across blockchain, AI, DeFi, gaming, and emerging technologies to explore industry trends, showcase groundbreaking solutions, and build the next generation of decentralized ecosystems. About The Best Event TBE is the events arm of TBV, an early-stage venture capital fund backing web2.5 and web3 startups across Southeast Asia and North America. TBE curates high-caliber gatherings that anchor the biggest weeks in web3, with a track record of 80+ delivered events across 10+ global cities. Every event is built around one goal: putting the right founders, funds, and operators in the same room so real deals and partnerships can happen. That network runs deep, backed by a 10,000+ strong Telegram community and a social following north of 100,000. Media Contact Anmol Malviya Head of PR CoinFerenceXmedia@coinferencex.com The post CoinFerenceX and The Best Event Join Forces to Launch “CoinFerenceX The Best Event Singapore,” the Decentralised Summit appeared first on Cryptopress.

CoinFerenceX and the Best Event Join Forces to Launch “CoinFerenceX the Best Event Singapore,” th...

SINGAPORE, CoinFerenceX, the Web3 conference series known for curating high-signal gatherings of founders, investors, and builders, today announced it has combined forces with The Best Event, the events production group behind 80+ live experiences across 10+ global cities, to launch CoinFerenceX The Best Event Singapore, the next tier of the world’s first Decentralised Summit. The event will take place 5-6 October 2026 at Gardens by the Bay, positioning it as a leading alternative during Singapore’s Token2049 and Asia Crypto Week.
The partnership pairs CoinFerenceX’s content curation and community depth with The Best Event’s large-scale production and sponsor-activation track record, creating what the two companies describe as “the event nobody else can build.”
What sets the conference apart is its decentralized summit model: a 2 day event shaped by the industry rather than dictated by an organizer. Where traditional conferences sell booths and speaking slots, CoinFerenceX and The Best Event will invite the founders, funds and ecosystem leaders who show up to help shape the agenda itself, deciding which conversations matter and which builders take the stage. While the organizers handle the production and logistics, the direction of the summit is set by the Web3 players with real skin in the game. It’s a gathering built by the people driving the ecosystem forward, for the people driving it forward.
The Best Event brings a track record of 80+ delivered events, a presence in more than 10 global cities, over 50 million annual organic impressions, and north of 1 billion in social reach. The group’s attendance has grown from 35,000 in 2025 to a projected 70,000 in 2026. Its sponsor case studies point to concrete ROI, including one partner that turned a $50,000 investment into $1 million raised, another that saw a $50,000 spend convert into $1 million in ROI, and a third that converted two leads into a $400,000 deal.
At CoinFerenceX, partners help shape the agenda itself rather than simply buying booth space and a speaking slot. CoinFerenceX’s community includes 7,500+ curated attendees from more than 70 countries, over 500 ecosystem and media partners, and more than 300 VCs and investment funds. Roughly 60% of its attendees are C-level executives or founders, and independent feedback shows 94% of past partners say they would return, with 89% rating CoinFerenceX among the top 25% of Web3 events globally.
The combined summit is designed around four experience tracks:
The Leaders Summit: an invite-only, C-level gathering where governance decisions and strategic partnerships take shape.
Protocol Deep Dives: technical workshops where protocols demonstrate what they are actually shipping.
The Founders’ Den: a venue for early-stage builders to pitch directly to 200+ VCs and investors.
The Innovation Showcase: live product demos from established players and emerging protocols alike.
Early figures for the Singapore edition point to more than 4,000 curated attendees, 500+ VCs and investors, 400+ ecosystem and media partners, 85+ C-level speakers, and more than 8,000 total event registrations. As with prior CoinFerenceX editions, roughly 60% of attendees are expected to be C-level executives or founders.
Organizers say the agenda will be co-created by founders and ecosystem leaders with skin in the game, focused on sessions that deliver actionable insight or substantive content over celebrity keynotes.
“We’re incredibly excited for this edition, it’s bigger, sharper and more ambitious than anything we’ve done before. With the whole industry in Singapore that week, we’ve curated a stage and an audience that turns that energy into real conversations and real deals. This is CoinFerenceX The Best Event at its strongest,” shared Prince Gupta, Co-Founder of CoinFerenceX
Tobias Bauer, Co-Founder of The Best Event, added, “This partnership is the best of both worlds: CoinFerenceX’s curated speaker line-ups meet The Best Event’s scale of 50,000 attendees a year, the largest Web3 event series globally. Together we’re bringing one of the biggest two-day conferences to Singapore, our home market, with frontier thought leadership and production quality unlike anything else in the space.”
Event Details
Event: CoinFerenceX The Best Event Singapore
Dates: 5-6 October 2026
Venue: Gardens by the Bay, Singapore
Tickets & partner applications: coinferencex.com/singapore
About CoinFerenceX
CoinFerenceX is a global decentralized Web3 summit connecting founders, investors, blockchain companies, developers, and industry leaders to accelerate innovation and collaboration in the digital economy. Through its ecosystem-driven approach, CoinFerenceX creates a platform for meaningful networking, knowledge exchange, startup opportunities, and strategic partnerships shaping the future of Web3. The summit brings together the brightest minds across blockchain, AI, DeFi, gaming, and emerging technologies to explore industry trends, showcase groundbreaking solutions, and build the next generation of decentralized ecosystems.
About The Best Event
TBE is the events arm of TBV, an early-stage venture capital fund backing web2.5 and web3 startups across Southeast Asia and North America. TBE curates high-caliber gatherings that anchor the biggest weeks in web3, with a track record of 80+ delivered events across 10+ global cities. Every event is built around one goal: putting the right founders, funds, and operators in the same room so real deals and partnerships can happen. That network runs deep, backed by a 10,000+ strong Telegram community and a social following north of 100,000.
Media Contact
Anmol Malviya Head of PR CoinFerenceXmedia@coinferencex.com
The post CoinFerenceX and The Best Event Join Forces to Launch “CoinFerenceX The Best Event Singapore,” the Decentralised Summit appeared first on Cryptopress.
Treasury Proposes Rules on Stablecoin Issuance and Sales Under GENIUS ActU.S. Treasury issues NPRM implementing Section 3 of the GENIUS Act on payment stablecoin issuance and sales. Licensed issuers required starting January 18, 2027; platform restrictions begin July 18, 2028. Public comments due by October 19, 2026. Proposal aims to clarify definitions for regulatory certainty in the stablecoin market. The U.S. Department of the Treasury on August 17 issued a Notice of Proposed Rulemaking seeking public comment related to its implementation of section 3 of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. The NPRM proposes a framework defining what it means to issue a payment stablecoin in the United States and to offer or sell a payment stablecoin to a person in the United States, providing clarity on when issuers need a GENIUS license and how platforms can distribute tokens, according to the official Treasury statement. “President Trump and Congress delivered the GENIUS Act, establishing a landmark framework and clear rules of the road for payment stablecoins, and Treasury is moving quickly to implement that framework,” Treasury Secretary Scott Bessent said. Under the Act, enacted July 18, 2025, beginning on January 18, 2027, a person generally may not issue a payment stablecoin in the United States unless licensed at the federal or state level. Digital asset service providers generally may not offer foreign-issued payment stablecoins unless the foreign issuer has the technological capability to comply with lawful orders and any reciprocal arrangement with the United States. Beginning July 18, 2028, digital asset service providers generally may not offer or sell any payment stablecoins to persons in the United States unless issued by a licensed issuer, as reported by Decrypt and CoinDesk. Comments on the proposal must be received on or before October 19, 2026. The rules build on an advance notice of proposed rulemaking issued last September and seek to support innovation while cementing the U.S. dollar as the world’s reserve currency. Bessent noted that Treasury welcomes stakeholder input “as we work to provide the regulatory certainty businesses need to innovate and grow in America… and keep America the crypto capital of the world.” Payment stablecoins under the GENIUS Act must be backed 1:1 by liquid reserves such as U.S. currency, demand deposits, or short-term Treasuries. The proposal represents a critical step in operationalizing the first comprehensive U.S. federal framework for these assets. The post Treasury Proposes Rules on Stablecoin Issuance and Sales Under GENIUS Act appeared first on Cryptopress.

Treasury Proposes Rules on Stablecoin Issuance and Sales Under GENIUS Act

U.S. Treasury issues NPRM implementing Section 3 of the GENIUS Act on payment stablecoin issuance and sales.
Licensed issuers required starting January 18, 2027; platform restrictions begin July 18, 2028.
Public comments due by October 19, 2026.
Proposal aims to clarify definitions for regulatory certainty in the stablecoin market.
The U.S. Department of the Treasury on August 17 issued a Notice of Proposed Rulemaking seeking public comment related to its implementation of section 3 of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act.
The NPRM proposes a framework defining what it means to issue a payment stablecoin in the United States and to offer or sell a payment stablecoin to a person in the United States, providing clarity on when issuers need a GENIUS license and how platforms can distribute tokens, according to the official Treasury statement.
“President Trump and Congress delivered the GENIUS Act, establishing a landmark framework and clear rules of the road for payment stablecoins, and Treasury is moving quickly to implement that framework,” Treasury Secretary Scott Bessent said.
Under the Act, enacted July 18, 2025, beginning on January 18, 2027, a person generally may not issue a payment stablecoin in the United States unless licensed at the federal or state level. Digital asset service providers generally may not offer foreign-issued payment stablecoins unless the foreign issuer has the technological capability to comply with lawful orders and any reciprocal arrangement with the United States.
Beginning July 18, 2028, digital asset service providers generally may not offer or sell any payment stablecoins to persons in the United States unless issued by a licensed issuer, as reported by Decrypt and CoinDesk.
Comments on the proposal must be received on or before October 19, 2026. The rules build on an advance notice of proposed rulemaking issued last September and seek to support innovation while cementing the U.S. dollar as the world’s reserve currency.
Bessent noted that Treasury welcomes stakeholder input “as we work to provide the regulatory certainty businesses need to innovate and grow in America… and keep America the crypto capital of the world.”
Payment stablecoins under the GENIUS Act must be backed 1:1 by liquid reserves such as U.S. currency, demand deposits, or short-term Treasuries. The proposal represents a critical step in operationalizing the first comprehensive U.S. federal framework for these assets.
The post Treasury Proposes Rules on Stablecoin Issuance and Sales Under GENIUS Act appeared first on Cryptopress.
Treasury Proposes Rules on Stablecoin Issuance and Sales Under GENIUS Act<ul><li>U.S. Treasury issues NPRM implementing Section 3 of the GENIUS Act on payment stablecoin issuance and sales.</li><li>Licensed issuers required starting January 18, 2027; platform restrictions begin July 18, 2028.</li><li>Public comments due by October 19, 2026.</li><li>Proposal aims to clarify definitions for regulatory certainty in the stablecoin market.</li></ul><p class="has-drop-cap">The U.S. Department of the Treasury on August 17 issued a <a href="https://home.treasury.gov/news/press-releases/sb0605" target="_blank" rel="noopener">Notice of Proposed Rulemaking</a> seeking public comment related to its implementation of section 3 of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act.</p><p>The NPRM proposes a framework defining what it means to <strong>issue a payment stablecoin in the United States</strong> and to <strong>offer or sell</strong> a payment stablecoin to a person in the United States, providing clarity on when issuers need a GENIUS license and how platforms can distribute tokens, according to the <a href="https://home.treasury.gov/news/press-releases/sb0605" target="_blank" rel="noopener">official Treasury statement</a>.</p><p>"President Trump and Congress delivered the GENIUS Act, establishing a landmark framework and clear rules of the road for payment stablecoins, and Treasury is moving quickly to implement that framework," <a href="https://home.treasury.gov/news/press-releases/sb0605" target="_blank" rel="noopener">Treasury Secretary Scott Bessent</a> said.</p><p>Under the Act, enacted July 18, 2025, beginning on <strong>January 18, 2027</strong>, a person generally may not issue a payment stablecoin in the United States unless licensed at the federal or state level. Digital asset service providers generally may not offer foreign-issued payment stablecoins unless the foreign issuer has the technological capability to comply with lawful orders and any reciprocal arrangement with the United States.</p><p>Beginning <strong>July 18, 2028</strong>, digital asset service providers generally may not offer or sell any payment stablecoins to persons in the United States unless issued by a licensed issuer, as reported by <a href="https://decrypt.co/375817/treasury-rules-sell-stablecoins-us" target="_blank" rel="noopener">Decrypt</a> and <a href="https://www.coindesk.com/policy/2026/08/17/u-s-treasury-department-proposes-genius-act-stablecoin-rule" target="_blank" rel="noopener">CoinDesk</a>.</p><p>Comments on the proposal must be received on or before <strong>October 19, 2026</strong>. The rules build on an advance notice of proposed rulemaking issued last September and seek to support innovation while cementing the U.S. dollar as the world’s reserve currency.</p><p>Bessent noted that Treasury welcomes stakeholder input "as we work to provide the regulatory certainty businesses need to innovate and grow in America... and keep America the crypto capital of the world."</p><p>Payment stablecoins under the GENIUS Act must be backed 1:1 by liquid reserves such as U.S. currency, demand deposits, or short-term Treasuries. The proposal represents a critical step in operationalizing the first comprehensive U.S. federal framework for these assets.</p>

Treasury Proposes Rules on Stablecoin Issuance and Sales Under GENIUS Act

<ul><li>U.S. Treasury issues NPRM implementing Section 3 of the GENIUS Act on payment stablecoin issuance and sales.</li><li>Licensed issuers required starting January 18, 2027; platform restrictions begin July 18, 2028.</li><li>Public comments due by October 19, 2026.</li><li>Proposal aims to clarify definitions for regulatory certainty in the stablecoin market.</li></ul><p class="has-drop-cap">The U.S. Department of the Treasury on August 17 issued a <a href="https://home.treasury.gov/news/press-releases/sb0605" target="_blank" rel="noopener">Notice of Proposed Rulemaking</a> seeking public comment related to its implementation of section 3 of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act.</p><p>The NPRM proposes a framework defining what it means to <strong>issue a payment stablecoin in the United States</strong> and to <strong>offer or sell</strong> a payment stablecoin to a person in the United States, providing clarity on when issuers need a GENIUS license and how platforms can distribute tokens, according to the <a href="https://home.treasury.gov/news/press-releases/sb0605" target="_blank" rel="noopener">official Treasury statement</a>.</p><p>"President Trump and Congress delivered the GENIUS Act, establishing a landmark framework and clear rules of the road for payment stablecoins, and Treasury is moving quickly to implement that framework," <a href="https://home.treasury.gov/news/press-releases/sb0605" target="_blank" rel="noopener">Treasury Secretary Scott Bessent</a> said.</p><p>Under the Act, enacted July 18, 2025, beginning on <strong>January 18, 2027</strong>, a person generally may not issue a payment stablecoin in the United States unless licensed at the federal or state level. Digital asset service providers generally may not offer foreign-issued payment stablecoins unless the foreign issuer has the technological capability to comply with lawful orders and any reciprocal arrangement with the United States.</p><p>Beginning <strong>July 18, 2028</strong>, digital asset service providers generally may not offer or sell any payment stablecoins to persons in the United States unless issued by a licensed issuer, as reported by <a href="https://decrypt.co/375817/treasury-rules-sell-stablecoins-us" target="_blank" rel="noopener">Decrypt</a> and <a href="https://www.coindesk.com/policy/2026/08/17/u-s-treasury-department-proposes-genius-act-stablecoin-rule" target="_blank" rel="noopener">CoinDesk</a>.</p><p>Comments on the proposal must be received on or before <strong>October 19, 2026</strong>. The rules build on an advance notice of proposed rulemaking issued last September and seek to support innovation while cementing the U.S. dollar as the world’s reserve currency.</p><p>Bessent noted that Treasury welcomes stakeholder input "as we work to provide the regulatory certainty businesses need to innovate and grow in America... and keep America the crypto capital of the world."</p><p>Payment stablecoins under the GENIUS Act must be backed 1:1 by liquid reserves such as U.S. currency, demand deposits, or short-term Treasuries. The proposal represents a critical step in operationalizing the first comprehensive U.S. federal framework for these assets.</p>
Public Bitcoin Miners Shed 21% Hashrate as AI Colocation Revenue Surges<ul><li>Public miners' realized hashrate fell 13.4% to 319 EH/s in Q2 2026 from 368.3 EH/s in Q4 2025, outpacing the network's 10.6% decline.</li><li>Excluding Bitdeer, the drop reached 21.2%; Core Scientific generated $136.7 million in colocation revenue versus roughly $27.5 million from mining.</li><li>TeraWulf reported $31.9 million in HPC lease revenue, accounting for 71% of total, amid sector-wide AI contracts exceeding $70 billion.</li></ul><p class="has-drop-cap">Publicly traded Bitcoin miners are accelerating a pivot toward artificial intelligence infrastructure, resulting in a sharper decline in their collective hashrate than the broader network, according to analysis from <a href="https://news.bitcoin.com/mining/public-miners-shed-21-of-bitcoin-hashrate-as-ai-revenue-accelerates/" target="_blank" rel="noopener">BlocksBridge Consulting's Miner Weekly</a> published August 16.</p><p>The cohort's realized hashrate dropped from <strong>368.3 EH/s</strong> in the fourth quarter of 2025 to <strong>319.0 EH/s</strong> in the second quarter of 2026, a <strong>13.4%</strong> reduction. Stripping out Bitdeer, which expanded 44% to 63.0 EH/s, the remaining miners saw a <strong>21.2%</strong> decline from 324.6 EH/s to 255.9 EH/s. The Bitcoin network's average hashrate fell a more moderate 10.6% over the same period, from 1,071 EH/s to 957 EH/s, per the data.</p><p>Leading the shift, <a href="https://d1io3yog0oux5.cloudfront.net/_52d5acc3093bbedf1acdad903966e7ef/corescientific/news/2026-07-28_Core_Scientific_Announces_Second_Quarter_2026_139.pdf" target="_blank" rel="noopener">Core Scientific</a> reported <strong>$136.7 million</strong> in colocation revenue in Q2 2026, representing about 83% of sales and exceeding its bitcoin mining revenue. <a href="https://www.fool.com/earnings/call-transcripts/2026/08/12/terawulf-wulf-q2-2026-earnings-call-transcript/" target="_blank" rel="noopener">TeraWulf</a> similarly posted <strong>$31.9 million</strong> in HPC lease revenue, or 71% of its total, compared with $12.8 million from mining.</p><p>The trend reflects multiyear AI hosting contracts totaling more than <strong>$70 billion</strong> across the public mining sector, locking capacity into long-term leases that prioritize GPU and high-performance computing over ASIC mining, as detailed in related <a href="https://coinnews.com/news/bitcoin-miners-ai-pivot/" target="_blank" rel="noopener">coverage</a>. Companies including IREN, Cipher Digital, and Keel Infrastructure have also decommissioned or repurposed fleets, while Bitdeer, MARA, and Riot Platforms partially offset losses through expansion.</p><p>While the move diversifies revenue streams and has supported relative stock performance, it raises questions about long-term network hashrate distribution as power is reallocated away from Bitcoin mining. The structural nature of these contracts may limit any rapid return to mining even if bitcoin economics improve.</p>

Public Bitcoin Miners Shed 21% Hashrate as AI Colocation Revenue Surges

<ul><li>Public miners' realized hashrate fell 13.4% to 319 EH/s in Q2 2026 from 368.3 EH/s in Q4 2025, outpacing the network's 10.6% decline.</li><li>Excluding Bitdeer, the drop reached 21.2%; Core Scientific generated $136.7 million in colocation revenue versus roughly $27.5 million from mining.</li><li>TeraWulf reported $31.9 million in HPC lease revenue, accounting for 71% of total, amid sector-wide AI contracts exceeding $70 billion.</li></ul><p class="has-drop-cap">Publicly traded Bitcoin miners are accelerating a pivot toward artificial intelligence infrastructure, resulting in a sharper decline in their collective hashrate than the broader network, according to analysis from <a href="https://news.bitcoin.com/mining/public-miners-shed-21-of-bitcoin-hashrate-as-ai-revenue-accelerates/" target="_blank" rel="noopener">BlocksBridge Consulting's Miner Weekly</a> published August 16.</p><p>The cohort's realized hashrate dropped from <strong>368.3 EH/s</strong> in the fourth quarter of 2025 to <strong>319.0 EH/s</strong> in the second quarter of 2026, a <strong>13.4%</strong> reduction. Stripping out Bitdeer, which expanded 44% to 63.0 EH/s, the remaining miners saw a <strong>21.2%</strong> decline from 324.6 EH/s to 255.9 EH/s. The Bitcoin network's average hashrate fell a more moderate 10.6% over the same period, from 1,071 EH/s to 957 EH/s, per the data.</p><p>Leading the shift, <a href="https://d1io3yog0oux5.cloudfront.net/_52d5acc3093bbedf1acdad903966e7ef/corescientific/news/2026-07-28_Core_Scientific_Announces_Second_Quarter_2026_139.pdf" target="_blank" rel="noopener">Core Scientific</a> reported <strong>$136.7 million</strong> in colocation revenue in Q2 2026, representing about 83% of sales and exceeding its bitcoin mining revenue. <a href="https://www.fool.com/earnings/call-transcripts/2026/08/12/terawulf-wulf-q2-2026-earnings-call-transcript/" target="_blank" rel="noopener">TeraWulf</a> similarly posted <strong>$31.9 million</strong> in HPC lease revenue, or 71% of its total, compared with $12.8 million from mining.</p><p>The trend reflects multiyear AI hosting contracts totaling more than <strong>$70 billion</strong> across the public mining sector, locking capacity into long-term leases that prioritize GPU and high-performance computing over ASIC mining, as detailed in related <a href="https://coinnews.com/news/bitcoin-miners-ai-pivot/" target="_blank" rel="noopener">coverage</a>. Companies including IREN, Cipher Digital, and Keel Infrastructure have also decommissioned or repurposed fleets, while Bitdeer, MARA, and Riot Platforms partially offset losses through expansion.</p><p>While the move diversifies revenue streams and has supported relative stock performance, it raises questions about long-term network hashrate distribution as power is reallocated away from Bitcoin mining. The structural nature of these contracts may limit any rapid return to mining even if bitcoin economics improve.</p>
Trump Expected At White House Meeting With Crypto and Prediction Market ExecutivesPresident Donald Trump is expected to attend a Wednesday White House meeting with crypto and prediction market executives. The session is scheduled for 2:30 p.m. ET at the Eisenhower Executive Office Building. Invitees include leaders from Coinbase, Ripple, Gemini, Robinhood, Polymarket, Kalshi and others; CFTC Chair Michael Selig is also expected. The gathering serves as a kickoff for the CFTC Innovation Advisory Committee’s first meeting on Thursday, Aug. 20. President Donald Trump is expected to participate in a White House meeting with senior executives from the cryptocurrency and prediction market industries on Wednesday, according to people familiar with the plans. The gathering is scheduled for 2:30 p.m. Eastern time at the Eisenhower Executive Office Building next to the White House, The Block reported. CoinDesk and Semafor also reported that participants have been advised of Trump’s planned attendance. Invitees include executives from Coinbase, Ripple, Gemini, Robinhood, Polymarket, Kalshi, a16z, Chainlink and Paradigm, as well as representatives from the Digital Chamber and Patrick Witt, executive director of the White House Digital Assets Advisory Council, according to the reports. CFTC Chairman Michael S. Selig is also expected to attend, per The Block. The session is intended as a kickoff for the inaugural meeting of the CFTC’s Innovation Advisory Committee on Thursday, Aug. 20, which will discuss crypto regulation, artificial intelligence and prediction markets, according to a CFTC announcement. The committee, sponsored by Chairman Selig, includes CEOs such as Brian Armstrong of Coinbase, Brad Garlinghouse of Ripple, Shayne Coplan of Polymarket and Tarek Mansour of Kalshi, among more than 30 members from crypto, traditional finance and related sectors, as detailed in an earlier CFTC release. The White House meeting aims to initiate policy dialogue on key innovation areas amid ongoing discussions around market structure legislation like the Digital Asset Market Clarity Act. The post Trump Expected at White House Meeting With Crypto and Prediction Market Executives appeared first on Cryptopress.

Trump Expected At White House Meeting With Crypto and Prediction Market Executives

President Donald Trump is expected to attend a Wednesday White House meeting with crypto and prediction market executives.
The session is scheduled for 2:30 p.m. ET at the Eisenhower Executive Office Building.
Invitees include leaders from Coinbase, Ripple, Gemini, Robinhood, Polymarket, Kalshi and others; CFTC Chair Michael Selig is also expected.
The gathering serves as a kickoff for the CFTC Innovation Advisory Committee’s first meeting on Thursday, Aug. 20.
President Donald Trump is expected to participate in a White House meeting with senior executives from the cryptocurrency and prediction market industries on Wednesday, according to people familiar with the plans.
The gathering is scheduled for 2:30 p.m. Eastern time at the Eisenhower Executive Office Building next to the White House, The Block reported. CoinDesk and Semafor also reported that participants have been advised of Trump’s planned attendance.
Invitees include executives from Coinbase, Ripple, Gemini, Robinhood, Polymarket, Kalshi, a16z, Chainlink and Paradigm, as well as representatives from the Digital Chamber and Patrick Witt, executive director of the White House Digital Assets Advisory Council, according to the reports.
CFTC Chairman Michael S. Selig is also expected to attend, per The Block. The session is intended as a kickoff for the inaugural meeting of the CFTC’s Innovation Advisory Committee on Thursday, Aug. 20, which will discuss crypto regulation, artificial intelligence and prediction markets, according to a CFTC announcement.
The committee, sponsored by Chairman Selig, includes CEOs such as Brian Armstrong of Coinbase, Brad Garlinghouse of Ripple, Shayne Coplan of Polymarket and Tarek Mansour of Kalshi, among more than 30 members from crypto, traditional finance and related sectors, as detailed in an earlier CFTC release.
The White House meeting aims to initiate policy dialogue on key innovation areas amid ongoing discussions around market structure legislation like the Digital Asset Market Clarity Act.
The post Trump Expected at White House Meeting With Crypto and Prediction Market Executives appeared first on Cryptopress.
Trump Expected at White House Meeting With Crypto and Prediction Market Executives<ul><li>President Donald Trump is expected to attend a Wednesday White House meeting with crypto and prediction market executives.</li><li>The session is scheduled for 2:30 p.m. ET at the Eisenhower Executive Office Building.</li><li>Invitees include leaders from Coinbase, Ripple, Gemini, Robinhood, Polymarket, Kalshi and others; CFTC Chair Michael Selig is also expected.</li><li>The gathering serves as a kickoff for the CFTC Innovation Advisory Committee's first meeting on Thursday, Aug. 20.</li></ul><p class="has-drop-cap">President Donald Trump is expected to participate in a White House meeting with senior executives from the cryptocurrency and prediction market industries on Wednesday, according to people familiar with the plans.</p><p>The gathering is scheduled for <strong>2:30 p.m. Eastern time</strong> at the Eisenhower Executive Office Building next to the White House, <a href="https://www.theblock.co/news/regulation/2026-08-15-trump-cftc-chair-selig-expected-at-wednesday-white-house-meeting-with-crypto-and-prediction-market-executives-411919" target="_blank" rel="noopener">The Block reported</a>. <a href="https://www.coindesk.com/policy/2026/08/14/trump-expected-to-attend-white-house-meeting-with-crypto-ceos-sources-say" target="_blank" rel="noopener">CoinDesk</a> and <a href="https://www.semafor.com/article/08/14/2026/white-house-prepares-to-host-crypto-and-prediction-market-execs" target="_blank" rel="noopener">Semafor</a> also reported that participants have been advised of Trump's planned attendance.</p><p>Invitees include executives from <strong>Coinbase</strong>, <strong>Ripple</strong>, <strong>Gemini</strong>, <strong>Robinhood</strong>, <strong>Polymarket</strong>, <strong>Kalshi</strong>, <strong>a16z</strong>, <strong>Chainlink</strong> and <strong>Paradigm</strong>, as well as representatives from the Digital Chamber and Patrick Witt, executive director of the White House Digital Assets Advisory Council, according to the reports.</p><p>CFTC Chairman <strong>Michael S. Selig</strong> is also expected to attend, per The Block. The session is intended as a kickoff for the inaugural meeting of the CFTC's <strong>Innovation Advisory Committee</strong> on Thursday, Aug. 20, which will discuss crypto regulation, artificial intelligence and prediction markets, according to a <a href="https://www.cftc.gov/PressRoom/PressReleases/9283-26" target="_blank" rel="noopener">CFTC announcement</a>.</p><p>The committee, sponsored by Chairman Selig, includes CEOs such as Brian Armstrong of Coinbase, Brad Garlinghouse of Ripple, Shayne Coplan of Polymarket and Tarek Mansour of Kalshi, among more than 30 members from crypto, traditional finance and related sectors, as detailed in <a href="https://www.cftc.gov/PressRoom/PressReleases/9182-26" target="_blank" rel="noopener">an earlier CFTC release</a>.</p><p>The White House meeting aims to initiate policy dialogue on key innovation areas amid ongoing discussions around market structure legislation like the Digital Asset Market Clarity Act.</p>

Trump Expected at White House Meeting With Crypto and Prediction Market Executives

<ul><li>President Donald Trump is expected to attend a Wednesday White House meeting with crypto and prediction market executives.</li><li>The session is scheduled for 2:30 p.m. ET at the Eisenhower Executive Office Building.</li><li>Invitees include leaders from Coinbase, Ripple, Gemini, Robinhood, Polymarket, Kalshi and others; CFTC Chair Michael Selig is also expected.</li><li>The gathering serves as a kickoff for the CFTC Innovation Advisory Committee's first meeting on Thursday, Aug. 20.</li></ul><p class="has-drop-cap">President Donald Trump is expected to participate in a White House meeting with senior executives from the cryptocurrency and prediction market industries on Wednesday, according to people familiar with the plans.</p><p>The gathering is scheduled for <strong>2:30 p.m. Eastern time</strong> at the Eisenhower Executive Office Building next to the White House, <a href="https://www.theblock.co/news/regulation/2026-08-15-trump-cftc-chair-selig-expected-at-wednesday-white-house-meeting-with-crypto-and-prediction-market-executives-411919" target="_blank" rel="noopener">The Block reported</a>. <a href="https://www.coindesk.com/policy/2026/08/14/trump-expected-to-attend-white-house-meeting-with-crypto-ceos-sources-say" target="_blank" rel="noopener">CoinDesk</a> and <a href="https://www.semafor.com/article/08/14/2026/white-house-prepares-to-host-crypto-and-prediction-market-execs" target="_blank" rel="noopener">Semafor</a> also reported that participants have been advised of Trump's planned attendance.</p><p>Invitees include executives from <strong>Coinbase</strong>, <strong>Ripple</strong>, <strong>Gemini</strong>, <strong>Robinhood</strong>, <strong>Polymarket</strong>, <strong>Kalshi</strong>, <strong>a16z</strong>, <strong>Chainlink</strong> and <strong>Paradigm</strong>, as well as representatives from the Digital Chamber and Patrick Witt, executive director of the White House Digital Assets Advisory Council, according to the reports.</p><p>CFTC Chairman <strong>Michael S. Selig</strong> is also expected to attend, per The Block. The session is intended as a kickoff for the inaugural meeting of the CFTC's <strong>Innovation Advisory Committee</strong> on Thursday, Aug. 20, which will discuss crypto regulation, artificial intelligence and prediction markets, according to a <a href="https://www.cftc.gov/PressRoom/PressReleases/9283-26" target="_blank" rel="noopener">CFTC announcement</a>.</p><p>The committee, sponsored by Chairman Selig, includes CEOs such as Brian Armstrong of Coinbase, Brad Garlinghouse of Ripple, Shayne Coplan of Polymarket and Tarek Mansour of Kalshi, among more than 30 members from crypto, traditional finance and related sectors, as detailed in <a href="https://www.cftc.gov/PressRoom/PressReleases/9182-26" target="_blank" rel="noopener">an earlier CFTC release</a>.</p><p>The White House meeting aims to initiate policy dialogue on key innovation areas amid ongoing discussions around market structure legislation like the Digital Asset Market Clarity Act.</p>
Log in to explore more content
Join global crypto users on Binance Square
⚡️ Get latest and useful information about crypto.
💬 Trusted by the world’s largest crypto exchange.
👍 Discover real insights from verified creators.
Email / Phone number
Sitemap
Cookie Preferences
Platform T&Cs