Crypto News

- Gryphon and Hut 8 Surge After Reuters Report of American Bitcoin Trading in September A Reuters report this morning revealed that American Bitcoin, the bitcoin miner backed by Eric Trump and Donald Trump Jr., will begin trading on the Nasdaq under the ticker ABTC in early September following an all-stock merger with Gryphon Digital Mining (GRYP). Asher Genoot, CEO of Hut 8 (HUT)–which holds an 80% stake in American Bitcoin–said the merger is expected to close shortly, positioning the combined firm to access broader financing options than a traditional IPO would allow. Post-closing, the Trump brothers and Hut 8 will control 98% of the new entity, with Gemini co-founders Tyler and Cameron Winklevoss included in the list of anchor...

- AEVA or LAZR: Which LiDAR Stock's Decline Looks Less Risky? In the fast-evolving LiDAR space, two names have been at the center of investor attention: Aeva Technologies (AEVA) and Luminar Technologies (LAZR). Both are developing next-generation sensing solutions for automotive and industrial use, with the promise of enabling higher levels of vehicle autonomy and improving safety. Their commonality lies in their pursuit of LiDAR adoption, but each is taking a different path with unique strengths and challenges. Recently, both stocks have struggled. AEVA shares are down about 23% in the past month, while LAZR has been hit harder, losing 41% and even falling to a 52-week low. Despite these setbacks, each company still commands...

- I Asked ChatGPT Which Altcoins Are the Best To Invest In Right Now: Here’s What It Said For a lot of people, cryptocurrency still feels like the Wild West of banking. It’s relatively new, hard to understand and challenging to learn which types of digital coins are worth investing in. While most people have at least heard of bitcoin, other coins exist, too. Are they worth your money? Dubbed “altcoins,” I asked ChatGPT to explain a bit about these wily little digital coins and which ones are worth investing in. Here’s what it said. What Is an Altcoin? The AI clarified for me that it’s basically “any cryptocurrency that isn’t bitcoin.” Some people exclude Ethereum from the category because it’s so big, but technically, Ethereum is an...

- Lygos Finance acquires Atomic Finance to launch non-custodial, DLC-powered bitcoin loans Bitcoin’s above $100,000, and there are plenty of sat stackers who want to tap into their holdings without selling. Lygos Finance has launched to do just that. Bitcoin credit market provider Lygos Finance emerged from stealth today, announcing its acquisition of Atomic Finance to create a non-custodial, discreet log contract (DLC)-powered bitcoin-backed lending service. Lygos Finance Co-Founders Jay Patel and Francis Corvino and Atomic Finance Co-Founders Matt Black and Tony Cai started brokering the combination at Blockspace’s 2025 OPNEXT conference. “[We] had been in communication a little before that, but OPNEXT was really where the idea...

- Crypto Industry Calls for New Bill to Protect DeFi Developers Protect developers from being prosecuted like Tornado Cash founder Roman Storm, or risk choking crypto innovation in the US. That’s essentially the message of a letter sent by a group of 115 crypto firms, builders, investors, and advocates to the Senate Committee on Banking, and Committee on Agriculture on Wednesday. The letter urges lawmakers to introduce provisions into the Clarity Act to shield open-source developers from being misclassified or prosecuted as operators of money transmitting businesses. “It is critical that legislation recognises and preserves the historical protections afforded to open-source software development,” said the letter, signed by the DeFi...

- The Solana Policy Institute, a leading crypto lobbying group, announced it will donate $500,000 to aid the legal defenses of Roman Storm and Alexey Pertsev—developers of Ethereum coin mixing service Tornado Cash, convicted of crimes in the United States and the Netherlands, respectively. Storm was convicted earlier this month in Manhattan for operating an illegal money transmitting business and now faces up to five years in federal prison. Pertsev was sentenced to over five years in prison last year, after a Dutch court found him guilty of money laundering. The legal woes of both Tornado Cash developers have, for years, triggered concern within the crypto industry and broader tech circles. Advocates warn that successful convictions...

- 1 Reason to Buy RELY Key Points International remittances are a notable aspect of our ever-more globalized economy. One publicly traded company focuses intently on this activity, and is doing quite well as a specialist. This is Remitly Global (NASDAQ: RELY), and one element of the company's business in particular shows that it has vast potential in front of it. Money matters Remitly hews to the classic international financial services model. It derives revenue chiefly from transaction fees and the spreads between the foreign exchange rates it charges clients and those it pays for currency conversions. Like any middleman business that makes a living by earning a cut of every payment through its system, the more coin flowing...

- Key Points Investor interest in artificial intelligence (AI) has skyrocketed over the last couple of years. That has led to massive gains for stocks like Nvidia and Palantir Technologies, which are heavily exposed to the technology. Such stocks also carry a heavy level of volatility, which tends to deter more risk-averse investors. Yet those investors will still want to win in the market -- and if one wants to book respectable returns while keeping their risk factors in check, they may need to look at a different kind of investment. A safe AI investment When investors are prioritizing safety, they may want to consider exchange-traded funds (ETFs). Investors can earn those AI-driven returns safely by investing in the Nasdaq...

- Stablecoin issuers Circle Internet Group and Paxos Trust have piloted a new verification method for stablecoins, reported Bloomberg. The move, aimed at combating counterfeit tokens and improving transparency, was conducted in collaboration with Bluprynt, a fintech startup led by Georgetown Law School professor Chris Brummer. The pilot utilised Bluprynt's cryptography and blockchain technology to enable companies to trace their stablecoin tokens back to the verified issuer. The move is expected to provide a layer of security in the digital asset market by giving "provenance upfront," as Brummer explained. The technology is designed to simplify processes and offer the clarity that regulators and investors require, potentially...

- Stablecoin payments might not threaten Visa and Mastercard, but consumers are still winners Much of the excitement around stablecoins lies in the potential for the technology to upend how payments are made. Like bitcoin, the most dominant cryptocurrency, disruption is part of the allure. But so are acceptance and adoption. Rather than heralding a coming battle in the payments business, transforming how people send, receive, and convert money — and threatening giants like Visa and Mastercard — stablecoins are shaping up to be another part of the industry's mix, with consumers winning out. "We do not believe stablecoins will be a material threat to most of our covered companies, given the ubiquity of fiat transactions and the...

- Ethereum to $7,500? Rotation into Ether ETFs seen to drive price to new heights Ethereum is stealing the spotlight from Bitcoin. Spot Ethereum exchange-traded funds attracted almost $900 million in the last week alone, while Bitcoin products only attracted $388 million, according to data aggregated by monitoring platform SoSoValue. A shift in narrative is propelling Ethereum, according to Alex Thorn, head of research at institutional crypto platform Galaxy. Crypto is seeing a rotation that is “reminiscent of the cyclical rotations of prior market cycles,” Thorn told DL News. Bitcoin whales are selling, “with some of them appearing to rotate into Ethereum.” This shift drove the second largest crypto surged to a new all-time high...

- Bitcoin Is the Highest-Valued Cryptocurrency, But Is It the Best Choice for Investors? Key Points In the first half of the year, Bitcoin (CRYPTO: BTC) looked like the obvious, no-brainer choice for crypto investors. But that's no longer the case. Some major cryptocurrencies are now starting to outperform Bitcoin, and that includes Ethereum (CRYPTO: ETH). Year to date, Ethereum is now up 40%, while Bitcoin is only up 20%. That's a huge performance gap, and it helps to explain why some institutional investors are now ignoring Bitcoin and moving their money into Ethereum. Should you be doing the same? Reasons for Ethereum's recent outperformance To answer that question, it's important to understand why Ethereum is outperforming...

- Retail traders on Solana-based decentralized exchanges are shifting their attention elsewhere in the cryptoeconomy, with the month of August extending a year-long decline as concerns linger over scams related to meme coins. The daily DEX trader count has plummeted from a peak of 4.8 million at the start of the year to just 900,000 in August, according to one Dune Analytics dashboard. Daily DEX transactions have also nearly halved, from a July peak of 45 million to 28.8 million. One expert Decrypt spoke to has linked the dip to predatory meme coin rug pulls and Ethereum’s growing dominance. “The collapse of extractive meme coins, which drove speculative retail trading, is a primary factor in the sharp drop in daily DEX traders,"...

- Thailand’s Ex-PM Endorses Push to Build Regional Crypto Hub Former Thai Prime Minister Thaksin Shinawatra met with a group of digital asset investors in Bangkok on Tuesday to discuss a proposal aimed at establishing Thailand as a regional hub for digital assets. Shinawatra is also endorsing the idea of a sovereign strategic reserve to strengthen the long-term "resilience of Thailand’s financial system and economy," according to a source familiar with the matter. Shinawatra's meeting included participants from Japan’s Metaplanet, led by Simon Gerovich, and UTXO Management, led by David Bailey, a crypto advisor to U.S. President Donald Trump. Other firms present at the meeting included Nakamoto Holdings, which merged with KindlyMD...

- Investing can be a very successful activity when investors adopt a long-term mindset. In my view, this means thinking in terms of several years, as opposed to the next month or quarter. Finding the right business and letting compounding do its thing can produce wonderful results. Coca-Cola (NYSE: KO) is a great company that investors are certainly familiar with, and it might be on their radar. In the past five years, it has generated a total return of 67% (as of Aug. 26). That's a respectable gain, but it comes up well short of the S&P 500. Betting on things to stay the same Technology seems to move faster than ever. Different industries can be affected in different ways. Investors trying to make sense of it all can have a hard...

- American Bitcoin, backed by Trump's sons, aims to start trading in September HONG KONG (Reuters) - American Bitcoin, the bitcoin miner backed by U.S. President Donald Trump's two sons, has locked in crypto and traditional investors to back an all-stock merger that will allow the firm to soon start trading on the Nasdaq, the company's largest investor said. The unlisted firm's merger with Gryphon Digital Mining is set to be finalised shortly, and the goal is to start trading in early September, according to Asher Genoot, the CEO of Hut 8, which holds 80% of American Bitcoin. Anchor shareholders in the listing have already been finalised, he added. The company's co-founder, Eric Trump, his brother Donald Trump Jr, and Hut 8 will...

- U.S. trading app Webull launched crypto services for Australian users on Wednesday, offering access to hundreds of different digital assets in a move experts say will force local exchanges to slash fees or risk losing customers. The launch through Coinbase Prime adds Australia as Webull's third crypto market, alongside the U.S. and Brazil, with the company promising a 30-basis-point spread, according to a statement. Industry experts predict the entry will trigger competitive pressure across Australia's crypto exchange market, where fees have remained stubbornly high compared to international markets. Pratik Kala, head of research and portfolio manager at Apollo Crypto, told Decrypt that "Australian exchanges have much higher fees...

- Philippine Senator Suggests Putting National Budget On-chain Philippine Senator Bam Aquino wants the country’s national budget placed on a blockchain platform, a move he said would make every peso spent traceable by citizens. “No one is crazy enough to put their transactions on blockchain, where every single step of the way will be logged and transparent to every single citizen. But we want to start,” Aquino said in a statement at the Manila Tech Summit held on Wednesday. “If we're able to do this, I think we'll be the first country to have our budget on the blockchain,” Aquino said, adding he’s unsure what kind of support he’d receive. At the time of writing, no formal proposal on a blockchain-powered budget management system...

- I grew up hearing it constantly. My parents — Mexican and Guatemalan — talking about Western Union. The fees, the waiting, the dependency. I’d go with them to La Azteca bakery and watch families line up to send money across borders — paying what felt like a hidden tax on survival. That’s the world Josh Furnas, cofounder of UglyCash, wants to dismantle. From credit to crypto Furnas isn’t some wide-eyed founder chasing disruption for disruption’s sake. He’s a fintech operator who spent years inside the machine, watching it grind people down. “I started with credit in Latin America,” he tells me. “We had to sell a lot of credit cards, but people couldn’t use them effectively. We were actually hurting people’s credit.” By 2019, he...

- Former CFTC Chair Chris Giancarlo on America’s Stablecoin Boom Stablecoins — once a niche corner of crypto — are suddenly the hottest story in finance. Since the GENIUS Act passed into law this summer, U.S. stablecoin adoption is accelerating at breakneck speed. PayPal has one. The President’s family just launched theirs. And this week, Wyoming became the first U.S. state to issue its own digital dollar. But as private firms, politicians, and even states rush to mint their own versions of digital cash, a new question looms large: what happens to America when “the dollar” is no longer one thing — but dozens of competing tokens? Few have thought about this longer than Christopher Giancarlo, former chairman of the CFTC and founder...