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BitMart Winds Down: Another Crypto Exchange Halts Trading
Crypto exchange BitMart has announced it is ending trading, citing market conditions and its future strategic direction. Users are reporting delayed withdrawals and frozen accounts, while the BMX token has dropped 81.5% in a week. Key details, including whether and when clients will get their funds back, remain unknown for now.
Leo· NewsSberbank Aims to Launch Crypto Trading Infrastructure by December as the EU Tightens Sanctions
Russia's largest bank, Sberbank, plans to build crypto trading infrastructure by December 1, according to Cointelegraph. Russia is preparing rules for a market that starts operating on September 1, while the EU has added the HTX exchange and other Russia-linked platforms to its 21st sanctions package.
Leo· NewsPoolin, once the largest Bitcoin mining pool, files for bankruptcy
Poolin Technology has filed for Chapter 11 reorganization. According to sources, it owes roughly 11,700 users between $164 million and $173 million, and it plans to auction off its remaining Texas mining sites. The opening bid is $52 million. How much creditors will ultimately receive is still unknown.
Leo· NewsBlackRock Pulls BTC ETFs Into the Red: $225 Million in Outflows After a Seven-Day Inflow Streak
US spot Bitcoin ETFs recorded a net outflow of $225 million on July 23, according to CryptoSlate, ending seven consecutive days of inflows. Nearly 90 percent of that outflow ($202 million) came from BlackRock's IBIT fund. This is a single day of reversal, not proof of a lasting institutional exit.
Leo· NewsTokenization Leaves the Lab: How Wall Street Is Moving Assets Onto the Blockchain, and What's Holding Crypto Back
According to BitHub.pl, US institutions are moving real-world assets onto the blockchain and tokenization is accelerating. At the same time, per CryptoSlate and CrypS.pl, crypto is fighting for capital in an environment of expensive oil, rising bond yields, and a restrictive ECB. Here is a rundown of what is documented and what is not yet.
Hugo· Local sceneTRUMP Memecoin Team Moves Another $17 Million in Tokens. Analysts Point to Links With Earlier Price Drops
According to Lookonchain and Arkham Intelligence, a team connected to the TRUMP memecoin has transferred another 10.84 million tokens (roughly $16.91 million) to Fireblocks custody addresses. Over five months, the total value of moved tokens has reached approximately $172 million. Analysts note that the price fell after previous transfers, dropping by around 66 percent overall. Whether this is cause or mere coincidence, however, is not proven.
Leo· NewsKraken Delists Seven Assets in the UAE: XMR, ZEC, DASH and Four Stablecoins to Disappear
Kraken has announced a scheduled delisting of seven assets for its clients in the United Arab Emirates: the privacy coins XMR, ZEC and DASH, plus the stablecoins USDD, DAI, USDS and USDE. According to the exchange's status page, trading and deposits will be switched off on June 16 at 14:00 UTC and withdrawals on September 14 at 14:00 UTC. Kraken cites this as part of a routine asset review, but it has not publicly specified the exact reason.
Leo· NewsSamsung Wallet Adds Stablecoin Support, Showcases Circle's USDC
At the Galaxy Unpacked event in London on July 22, Samsung announced that its Samsung Wallet app will begin supporting stablecoins. Circle's USDC appeared in a mockup. Samsung has not yet released specific details, timelines, or a list of supported tokens.
Leo· NewsHoskinson: Bitcoin Could Lose the Top Spot If Its Governance Fails the Quantum Test
Cardano co-founder Charles Hoskinson argues that Bitcoin could lose its leading position if it cannot quickly approve defenses against quantum computers. In the same week, a consortium fund worth 15 million dollars was created, backed by BlackRock, Coinbase, and Strategy. Here are the facts and what is not yet certain.
Leo· NewsMore than 9,000 BTC left Binance in a single day. What does an exchange outflow actually mean?
Data from the Binance exchange show a net outflow of more than 9,000 bitcoin in a single day, which according to Kryptomagazín.cz is the largest daily outflow since November 2024. Meanwhile, BTC is holding around 65,000 to 66,000 USD. An outflow from an exchange does not by itself prove that "big players are preparing for a rally." We explain what is proven and what remains speculation.
Hugo· Local sceneWhy an Agreement on the Ethics Clause in the CLARITY Act Is So Hard to Reach
Both sides in the US Congress say they want a crypto market structure bill. But according to Cointelegraph, the main obstacle is becoming a dispute over ethics rules and who will enforce them. Senate Republicans have released a revised text with a clause meant to ban the highest constitutional officials from issuing cryptocurrencies.
Leo· NewsBitMEX Shuts Down After More Than a Decade. Analysts Point to Accelerating Market Consolidation
BitMEX, one of the oldest crypto derivatives exchanges on the market, has announced it will permanently cease operations on September 23. Owner HDR Global Trading made the decision after a strategic review. The BMEX token had earlier fallen by roughly 90%. Analysts read it as a signal of accelerating industry consolidation.
Leo· NewsAcross Protocol (ACX) Winds Down: Team Sunsets Token, Coinbase to Halt Trading
According to Coinbase's status page, the ACX token is being wound down by the Across Protocol project. Coinbase has switched the ACX order books to "limit-only" mode and plans to suspend trading on July 28. The team is offering holders conversion options described on its forum. Exactly what that conversion involves is not yet clear from Coinbase's public notice.
Leo· NewsCLARITY Act on the Ropes: Fight Over Ethics Rules and a Tight Calendar Threaten Passage
According to Decrypt, Senate Majority Leader John Thune has signaled that the key crypto market structure bill likely will not clear the Senate before the August recess. Democrats reject the Republican wording on ethics rules, and analysts at Galaxy have cut the odds of passage to 30%.
Leo· NewsBitMEX and Arthur Hayes Face 623 BTC Lawsuit on the Same Day the Exchange Announced Its Shutdown
On July 23, BitMEX and its co-founders (including Arthur Hayes) were hit with a proposed class action alleging the exchange withheld collateral from liquidations and ran an internal trading desk with access to confidential data on client positions. On the same day, parent company HDR Global Trading announced that BitMEX would cease operations. Neither fault nor the exact shutdown date has yet been confirmed.
Leo· NewsCLARITY Act in the Senate: less than two weeks until summer recess, says Grayscale
According to Grayscale, the US Senate has less than 14 days to pass the CLARITY Act before Congress's August recess. The main obstacle has turned out to be ethics amendments, not the crypto rules themselves. Democrat Ruben Gallego rejected the Republican proposal, while Goldman Sachs chief David Solomon backed the bill, even as he called it imperfect.
Hugo· Local sceneBitMEX Faces Proposed Class Action Over Theft and Insider Trading as Exchange Winds Down
BitMEX has announced it will cease operations on September 23, 2026, after nearly twelve years. While the exchange is shutting down without an FTX-style crisis, it faces a proposed class action alleging that its system was designed to withhold customer collateral and that an internal desk gained access to users' private data. The allegations have not yet been proven.
Leo· NewsCLARITY Act stalls on ethics, not crypto. Senator Gallego rejects Republican proposal
The CLARITY Act, the US crypto market structure bill, has gotten stuck on a dispute over ethics rules for politicians, not over the regulation of digital assets itself. According to Politico, Democratic Senator Ruben Gallego sharply rejected the Republican counterproposal. Meanwhile Wall Street is split: the head of Goldman Sachs backed the bill, while Jamie Dimon of JPMorgan is sounding warnings.
Leo· NewsCLARITY Act: White House Clashes with Democrats over Ethics Rules for Politicians' Crypto
On July 22, Senate Republicans introduced a revised version of the CLARITY Act featuring an ethics clause that bars the president, vice president, members of Congress, and judges from issuing or sponsoring digital assets for profit. The White House pushed back after key Senate Democrats rejected the new version, even though, according to CryptoSlate, President Trump agreed to the new ethics restrictions this week. The bill has not yet been approved.
Leo· NewsCircle Signs MOU With Kakao and Toss Bank for Stablecoin Payment Rails in South Korea
Circle, the issuer of the USDC stablecoin, has agreed with Korea's Kakao group and Toss Bank to jointly explore blockchain payment infrastructure. According to Cointelegraph, this is so far a memorandum of understanding (MOU) focused on payments, remittances, merchant settlement, and tokenized financial services, and potentially a stablecoin pegged to the Korean won. It is an intention, not a launched product.
Leo· NewsBitcoin Weakens as Oil and Rates Climb. Odds of Passing the Clarity Act Fall to 38%
A mix of geopolitical risk, rising interest rates, and a fresh regulatory snag pushed the crypto market lower. Senate Republicans published an updated text of the Digital Asset Market Clarity Act on July 22, but key Democrats attacked its ethics rules and the market estimate for its chances of passing dropped to 38%.
Leo· NewsWhite House pushes Senate Democrats to accept 'historic' ethics deal tied to the CLARITY Act
According to CoinDesk, the White House is urging Senate Democrats to accept an ethics deal linked to the proposed CLARITY Act crypto bill, without disclosing its specific contents. CryptoSlate reports that Donald Trump has agreed to the proposed ethics restrictions, putting the ball in the Democrats' court. The exact wording of the deal remains unknown for now.
Leo· NewsCLARITY Act could give the CFTC tools for prediction markets, lawyer tells House committee
According to a lawyer's testimony before a House subcommittee, the CLARITY Act could give the CFTC the powers needed to address rapidly growing prediction markets. The bill is still stuck in the Senate over a dispute about ethics provisions, though reports suggest a deal on them has revived the chances of a vote.
Leo· NewsCLARITY Act Roars Back: Key White House Adviser Stays in Washington as Bettors Raise the Odds
White House crypto adviser Patrick Witt has postponed his vacation and is staying in Washington to work on the CLARITY Act, according to BitHub.pl. Per Decrypt and CoinDesk, the odds on Polymarket jumped to roughly 42 to 43 percent after so-far unconfirmed reports surfaced that Donald Trump had agreed to ethics provisions. The bill's text, however, is still missing.
Hugo· Local sceneLondon Stock Exchange plans overnight trading, launch eyed for 2027
According to the Financial Times, the London Stock Exchange is preparing a separate overnight trading venue to extend its trading hours. Sources cited by The Block and Cointelegraph say the goal is a launch around 2027. The backdrop is pressure from round-the-clock crypto markets and tokenized stocks that trade 24/7.
Leo· NewsSaylor pushes back against Bitcoin's BIP-110 in a 110-point essay
Michael Saylor, executive chairman of Strategy, published an essay titled "110 Reasons BIP 110 Is a Bad Idea" on X on July 18, urging the Bitcoin network to reject the proposed one-year anti-spam soft fork. According to live monitoring flagged by CryptoSlate, only 0.89% signaled for the proposal, and the current difficulty period can no longer mathematically reach the early-lock threshold.
Leo· NewsHyperliquid opens prediction markets to outside builders. The price of admission: 500,000 HYPE at stake
As part of its HIP-4 upgrade, Hyperliquid has proposed letting external operators run prediction markets directly on its blockchain. Each builder, however, will have to stake 500,000 HYPE tokens, which at the July 19 price works out to roughly 30 to 32 million dollars. The system will run on testnet first, only then on the main network. It is a direct challenge to Polymarket's dominant position.
Leo· NewsPowerloom Is Shutting Down for Good: Users Had 24 Hours Left to Get Out After a Five-Week Warning
According to CryptoSlate, the Powerloom blockchain network will shut down permanently at 6:00 UTC on July 21. At the time the source was written, users holding POWER tokens and other transferable assets had less than 24 hours to move them to Ethereum via the official bridge. The warning came roughly five weeks in advance. What exactly happens to staked funds and unclaimed rewards is not clear from public information.
Hugo· Local sceneSaylor Lays Out 110 Reasons Against BIP-110. The Fight Over Bitcoin's "Cleanup" Heads Toward an August Reckoning
Michael Saylor, head of Strategy, the company with the largest corporate bitcoin treasury, has published an essay with 110 points against the BIP-110 proposal. In his view, a temporary soft fork designed to push "spam" off the blockchain would undermine the network's neutrality and open the door to censorship. He reportedly shares the proposal's goal but disagrees with the solution.
Leo· NewsUSDT and a Two-Year Countdown: What a Year of the GENIUS Act Means for Tether
A year after the U.S. GENIUS Act was signed, regulators failed to write the final rules on time, yet the law will still take full effect by July 2028. For Tether (USDT), the largest stablecoin with a volume of around 184 billion dollars, this starts a countdown that could decide its standing on U.S. platforms. What is certain and what is not, we break down below.
Leo· News