Solanas fee overhaul increases burn and makes resource hogs pay

Solana is preparing to change how it charges for computing resources on the network.  Solana Improvement Document (SIMD-0553) would make its most resource-intensive users pay more while cutting the costs for simpler transactions. As a bonus, it would increase SOLs burn rate in stages — and one day could even help make it deflationary.  Cavey, a researcher at Solana infrastructure firm Temporal and author of the proposal, tells Magazine that fees currently dont reflect the real costs:  “If I submit a transaction that does nothing versus a transaction that burns 200 million CPU cycles, Im charged the same amount.”  This proposal would change that by tying fees more closely to the resources each transaction requests. Rather than going to validators, the resource fee would be burned, removing SOL from circulation.  Of course, reducing validator income has not been welcomed by all. Contributor bji argues on github:  “I like the aspect of this proposal that gives tx submitters extra incentive to be accurate with CU limits. Everything else I‘m meh to negative on. ’More burn should not be a goal. Validator incomes should not be arbitrarily reduced.”  SIMD-0553 entered Solanas new onchain governance process in early August and cleared its initial support phase on August 4.  It is currently

08-14انڈسٹری

Strategy says MSCI should measure markets, not dictate corporate assets

SummaryStrategy criticized MSCI‘s proposed “non-operating company” rules, which could exclude it from the index provider’s global equity indexes.The company said the new proposal repeats the problems of MSCIs earlier digital asset-specific plan and unfairly penalizes companies for holding bitcoin.  Strategy (MSTR) has pushed back against MSCI‘s proposed methodology for identifying “non-operating companies,” which could result in the largest bitcoin treasury company being removed from the index provider’s global equity indexes.  Strategy said on X, “Digital assets are assets. Index providers should measure markets, not decide which assets companies are allowed to own,” Strategy said. “MSCI‘s proposal puts it out of step with regulators, markets, and its own customers. Bitcoin doesn’t need MSCI. Neither does Strategy.”  The replaces an earlier proposal focused specifically on companies with significant digital asset holdings. Applying the new financial-ratio screen using May 2026 data would have resulted in the removal of Strategy, Metaplanet and uranium holder Yellow Cake from the MSCI ACWI IMI.  The response follows Strategy‘s formal objection in December 2025 to MSCI’s previous proposal, which would have excluded companies whose digital assets represented at least 50% of total assets.  Strategy argued at the time that it is an operating company, not an investment fund or passive bitcoin vehicle, pointing

08-14انڈسٹری

Israels largest bank to offer crypto trading with Galaxy

SummaryBank Leumi customers will be able to buy, hold and sell bitcoin, ether and solana through the Leumi Trade app.Galaxy will provide the trading and custody infrastructure, with the service expected to launch in early 2027.The planned launch would make Bank Leumi the first bank in Israel to offer digital asset trading directly to its customers.  Bank Leumi, Israels largest bank, will offer cryptocurrency trading to customers from early 2027 becoming the first Israeli bank to announce such a service.  Customers of Leumi and its mobile banking unit, Pepper, will be able to buy, hold and sell bitcoin , ether and solana (SOL) through a section of the Leumi Trade app, according to a Friday announcement.  Galaxy Digital (GLXY) will provide trading and services through GalaxyOne Institutional, its platform for banks and asset managers. Leumi has also signed an agreement to use Galaxys custody infrastructure, formerly known as GK8, to support the offering.  The tie-up gives Galaxy a banking partner in Israel and places Leumi among a growing group of financial institutions bringing crypto access inside customer platforms. By embedding trading within its capital-markets app, the bank is betting that clients will favor a regulated banking interface over standalone crypto exchanges.  Maya Ravia, Leumi‘s head

08-14انڈسٹری

BTCC Exchange Announces Platinum Sponsorship of TOKEN2049 Singapore and Launches “0-Barrier Trading” Flagship Theme

BTCC, the world‘s longest-serving cryptocurrency exchange, announces its participation in TOKEN2049 Singapore 2026 as a Platinum Sponsor. Taking place October 7-8 at Marina Bay Sands, the world’s largest crypto event is expected to convene over 25,000 global industry leaders, investors, and enthusiasts.  As BTCC celebrates its 15th anniversary this year, the exchanges high-profile presence at TOKEN2049 signals the next chapter in its brand evolution: 0-barrier trading.  Theme of the Next Chapter: 0-Barrier Trading  BTCCs TOKEN2049 showcase centers on its commitment to making futures trading accessible, reliable, and cost-efficient. Driven by the core pillars of 0 Fees, 0 Friction, and 0 Panic, BTCC removes all barriers to trading, allowing cost-conscious traders to navigate global markets with confidence.  On-site, BTCC‘s booth at TOKEN2049 will bring its yearlong 0-Fee Festival campaign to life through a large-scale receipt-style installation designed for social sharing. Alongside the merch counter, the booth features a rotating, backlit cylinder that highlights the exchange’s core zero-barrier commitments.  Attendees can stop by to participate in interactive activities, engage with the team, and collect official BTCC swag bags.  The BTCC Traders Club  A key highlight of BTCC‘s presence at TOKEN2049 is the BTCC Traders Club. Styled around BTCC’s partnership with the Argentine Football Association (AFA), the exclusive private lounge

08-14انڈسٹری

Ireland‘s New AML Strategy Brings ’Enhanced Checks on Private Crypto Wallets

In briefIreland published its first National Anti-Money Laundering Strategy on Thursday, with crypto-asset rules among the reforms it sets out.The final elements of the EU Transfer of Funds Regulation will bring enhanced checks on transfers involving private crypto wallets and stricter due diligence on overseas crypto firms.The strategy builds on a 30-point action plan published in June that promised enhanced safeguards around crypto-assets and digital finance.  Ireland published its first national anti-money laundering strategy on Thursday, including crypto measures targeting wallets held outside regulated firms.  Most of the EU Transfer of Funds Regulation has already been implemented in Ireland, with the Department of Finance saying that the remaining elements introduce new obligations for crypto-asset service providers, requiring “enhanced checks” on transfers involving private crypto wallets and stricter due diligence when dealing with overseas crypto firms.  That mechanism is the FATF travel rule, under which information on the originator and the beneficiary must accompany a transaction. The strategy document records that it arrived alongside MiCA, which created crypto-asset service providers as a category of regulated entity across the bloc.  Ireland gave crypto firms less room to adjust than most member states, allowing a 12-month grandfathering window against the 18 months the regulation permits, according to

08-14انڈسٹری

Trezor reports data from 14K users exposed through shipping provider

Cryptocurrency wallet company Trezor reported a breach of personal data affecting about 14,000 users through its shipping provider, ShipMonk.  Trezors Wednesday blog post said users who received its products from the US, UK, Sweden, Colombia, Brazil, Italy, and Portugal between May 10 and Aug. 8 were at risk from potential phishing attacks using their personal information. The company reported that 11,742 customers could have had their name, physical address, phone number, and email address compromised, while 1,947 users potentially had their name, city, and email address breached.  “To be clear, our systems were not compromised, and your Trezor device is secure, but the affected customers might be targeted by more sophisticated phishing attempts,” said the company. “Scammers can use the leaked information to send fake emails, make fake phone calls, send fraudulent letters, or potentially impersonate banks, crypto exchanges, or even Trezor.”  The breach was the latest incident involving scammers potentially targeting crypto holders using personal data. Trezor reported in January 2024 that about 66,000 users were at risk of phishing attacks if they had contacted the companys support team since December 2021.  Crypto wallet users have revealed that scammers use a variety of techniques in attempts to gain access to their funds, including

08-14انڈسٹری

Bitcoin eyes new August lows as Binance longs face ‘cleanout’

Bitcoin (BTC) long positions are “facing liquidation” as volatility shows signs that a range breakout is finally coming.  Key points:Bitcoin long positions face multiple threats as BTC price action heads toward new August lows, analyst warns.The correlation between Binance open interest and price reached 0.25 on Thursday as both fell.The Bitcoin bull market is not ready to make a comeback, CryptoQuant CEO Ki Young Ju says.  Bitcoin longs feel the squeeze as price drops  Insights published on onchain analytics platform CryptoQuant by community analyst BorisD on Thursday said that leveraged long BTC positions are being flushed out as BTC/USD targets month-to-date lows.BTC/USD one-hour chart. Source: Cointelegraph/TradingView  The analysis focuses on the relationship between price and open interest (OI) on Binance. OI represents total active derivative positions, both long and short, and reflects capital commitment in a given market.  While price has traded in a narrow range since June, CryptoQuant data show that Binance OI has gradually increased, reaching $8.15 billion on Wednesday as futures increasingly steer the market while spot traders sit on the sidelines.Bitcoin open interest on Binance. Source: CryptoQuant  With price now seeing downside volatility on lower time frames, the correlation between price and OI has entered a state of flux, potentially squeezing long

08-14انڈسٹری

Gemini posts $108M Q2 net loss despite 37% revenue growth

Cryptocurrency exchange Gemini reported a 37% year-over-year increase in second-quarter revenue to $45.5 million, while posting a $107.7 million net loss as exchange trading weakened.  Exchange revenue fell 38% to $12.5 million as trading volume dropped to $3.8 billion from $11.3 billion, the company said Thursday.  Services revenue climbed 149% to $23.5 million, led by a 231% increase in credit card revenue to $16.2 million and a 50% rise in staking revenue to $4 million. Including interest income, services revenue and interest income totaled $26 million.  Meanwhile, transaction losses rose to $20.1 million from $3.6 million a year earlier, primarily due to a $16.1 million provision for credit losses tied to an identity fraud event involving the credit card portfolio. Gemini said the elevated provision was concentrated among affected accounts and did not reflect broader deterioration in the portfolio.  Operating expenses rose 24% year-over-year to $122.4 million, though they fell 15% from the first quarter as the company continued cost-cutting measures announced earlier this year.  Geminis stock price rose 3% during regular trading on Thursday, but fell nearly 5% in pre-market trading on Friday following the earnings release, according to Yahoo Finance data.  Magazine: Bitcoin adoption metrics say one thing, price action says another

08-14انڈسٹری

Kraken parent Payward posts $508 million in Q2 adjusted revenue as growth broadens beyond crypto trading

Quick TakePayward, the parent of Kraken, posted second-quarter adjusted revenue of $508 million, up 17% year over year, and remained adjusted EBITDA positive at $23 million even as crypto spot volumes fell across the industry.The financial disclosure showed that growth broadened beyond trading ahead of an IPO the company paused earlier this year and has not rescheduled.  Payward, Krakens parent company, reported second-quarter adjusted revenue of $508 million, up 17% year over year, and remained adjusted EBITDA positive at $23 million for the quarter ended June 30.  Paywards growth came despite a decline in crypto spot volumes across the industry. Total platform transaction volume dropped 13% year over year to $310 billion, with the mix shifting toward equities and tokenized equities, and the company said it gained spot market share for a third consecutive quarter.  Also, asset-based and other revenue climbed to 60% of total revenue from 55% a year earlier. Funded accounts rose 42% to 6.6 million, with the company citing momentum in the European Economic Area following its MiCA authorization. Assets on platform stood at $40 billion, Payward disclosed on Friday.  “Three forces are rearranging global markets: convergence across asset classes, the onshoring of activity into regulated venues, and the automation of

08-14انڈسٹری

Fear is fading across markets, be it bitcoin, stocks, gold or bonds

A believer in the efficient-market hypothesis would argue that markets are always right and the price at any given moment reflects all available information. So, calmness across markets as reflected in the indexes is to be trusted.  To a contrarian trader, this synchronized low-volatility environment is precisely the time to prepare for a major hiccup. The tape will prove whos right.  For now, the calm prevails. Stay alert!  Read more: For analysis of todays activity in altcoins and derivatives, see Crypto Markets Today . For a comprehensive list of events this week, see CoinDesks “Crypto Week Ahead.”  Whats trendingSEC cancels long-awaited proposal of Reg Crypto, postponing meeting without new date (CoinDesk): The SEC was on the verge of revealing its first major rulemaking effort for digital assets, but canceled Fridays “Regulation Crypto” meeting due to a scheduling issue.Cluster of headwinds weigh on bitcoin. XRP teeters near $1 (CoinDesk): Bitcoin is under pressure again while XRP (XRP) teeters near $1 amid a cluster of unfriendly developments over the past 24 hours. Regulatory setbacks are leading the charge.Treasury yields rise as U.S. threatens Iran with more economic sanctions (CNBC): U.S. Treasury yields rose after the U.S. said its naval blockade of Iranian ports could continue “indefinitely”.

08-14انڈسٹری
1
...
4648
...
1000