Thomas Reynolds — Bylines

Browse articles credited to Thomas Reynolds on The Token Press.

74 published articles are credited to this byline.

FinCEN Links $12.7B in Crypto Scams to Overseas Centers

FinCEN identified $12.7 billion in suspected crypto scam activity after analyzing 33,904 reports tied largely to Southeast Asian compounds.

US and UK Launch Alliance Against Crypto Scam Centers

US and UK authorities have formed a joint alliance to investigate and dismantle global crypto scam centers, with a London disruption operation planned for October.

ASIC Sets Sept. 30 Crypto Licensing Deadline in Australia

Australian crypto firms relying on ASIC’s temporary relief must enter the licensing process by Sept. 30 or risk penalties of up to 10% of annual turnover

Webull Expands Crypto Trading to Canada Through Coinbase Partnership

Webull has launched crypto trading in Canada using Coinbase’s trading and custody infrastructure, adding Bitcoin, Ether, Solana and other digital assets to its brokerage offering.

Sber Plans USDT and Ether-Backed Loans as Russia Expands Crypto Rules

Russia’s Sber plans to accept Bitcoin, Ether and USDT as loan collateral while questioning demand for the digital ruble ahead of its Sept. 1 rollout.

Binance, RedotPay Dispute Singapore Case Status in $473M Legal Fight

Binance and RedotPay are giving conflicting accounts of a Singapore case linked to a $472.8 million Hong Kong dispute over alleged Binance Card user diversion.

ZeroStack Warns of Going-Concern Risk After $82.5M Crypto Loss

ZeroStack has reversed its earlier liquidity outlook after shifting from a cannabis business to a $401 million 0G crypto treasury strategy. The change highlights the financial risks faced by public companies that rely on digital assets and staking rewards to support their operations.

macOS Malware Hijacks Telegram and Crypto Wallets, SlowMist Warns

A new macOS malware steals Telegram sessions and compromises crypto wallets, bypassing two-step verification, SlowMist researchers warn.

White House Crypto Adviser Patrick Witt To Take Military Leave As CLARITY Act Deadline Nears

White House crypto adviser Patrick Witt will reportedly begin military legal training after completing his duties on July 24. Deputy director Harry Jung is expected to assume his responsibilities as lawmakers work to advance the CLARITY Act before the Senate’s Aug. 8 recess.

Galaxy Cuts CLARITY Act Passage Odds To 50% As Senate Calendar Tightens

Galaxy Digital has lowered its 2026 CLARITY Act passage odds to 50%, citing a shrinking Senate calendar and no firm floor schedule. The bill remains important for US crypto regulation, but competing priorities such as the SAVE Act, FISA and the defense authorization bill could delay its progress.

Trump Delays Housing Bill Signing, Leaving US CBDC Ban on Hold

Trump has delayed signing a housing bill that includes a temporary ban on the Federal Reserve creating a CBDC. The bill also protects certain dollar-backed stablecoins from being treated like a central bank digital currency. The move could raise questions about whether other crypto legislation, including the CLARITY Act, may also face delays.

Ripple Secures Preliminary MiCA Approval in Luxembourg Ahead of EU Crypto Deadline

Ripple has received preliminary approval for a crypto asset service provider license in Luxembourg ahead of the European Union’s July 1 MiCA deadline. Once finalized, the license will allow Ripple to offer regulated crypto and stablecoin payment services across the European Economic Area, strengthening its position in Europe’s digital asset market.

New York Judge Delays Hearing On Aave’s Request To Unfreeze $71M In ETH

A New York judge has delayed a decision on Aave’s request to unfreeze $71 million in ETH linked to the Kelp DAO exploit. The court wants more legal clarification before moving forward with the case. Meanwhile, recovery efforts for affected rsETH users continue across the DeFi ecosystem.

Bitcoin Could Drop To $57K By October Based On Historical Cycle Trends: Analyst

Bitcoin could fall to around $57,000 by October based on historical market cycle trends. Analysts say current macro conditions and weak market sentiment may limit upside in the near term. Key resistance and technical indicators suggest further downside risk before the next major rally.

Bitcoin Falls Below $71K As US Blockades Strait Of Hormuz, Oil Prices Surge

Bitcoin fell below $71,000 after the US announced a blockade of the Strait of Hormuz, triggering a sharp rise in oil prices. The move reflects growing geopolitical tensions between the US and Iran. Despite the dip, Bitcoin remains up overall since the conflict began and continues to show resilience compared to traditional markets.

Big Tech Giants Back X402 Foundation To Standardize AI Agent Payments

Big Tech firms are backing the x402 Foundation to create open standards for AI-powered payments across crypto and traditional systems. The initiative aims to enable AI agents to transact autonomously online. While early activity on the protocol surged, usage has recently slowed as adoption continues to develop.

Stablecoin Demand May Slow As Transaction Speed Rises, Says Standard Chartered

Stablecoin transaction speed has doubled, allowing more activity without increasing supply. Standard Chartered says this could limit future demand for new tokens despite rising usage. Still, the market is expected to grow significantly, with projections reaching $2 trillion by 2028.

Midas Raises $50M To Build Liquidity Layer For Tokenized Assets And Onchain Yield

Midas has raised $50 million to build a liquidity layer for tokenized assets, focusing on faster and more reliable redemptions. The move highlights growing investor interest in solving liquidity challenges within the expanding real-world asset sector.

Ecb Report Raises Concerns Over DeFi Decentralization Under Mica Rules

An ECB paper found that governance in major DeFi protocols is highly concentrated, with a small number of holders controlling most decision-making power. This raises questions about whether DeFi platforms qualify as truly decentralized under MiCA rules.

Texas Court Dismisses Crypto Developer’s Case Seeking Protection From Money Transmitter Laws

A Texas court dismissed a crypto developer’s case seeking protection from money transmitter laws, citing no immediate risk of prosecution. The ruling leaves uncertainty for developers, with industry leaders calling for clearer regulations through new legislation.

72% Of Finance Leaders Say Digital Assets Are Now Essential, Ripple Survey Finds

Most finance leaders now see digital assets as essential, not optional. Stablecoins and custody solutions are leading adoption, while firms focus on building the right infrastructure to support long-term use.

Binance To List Centrifuge (CFG) For Spot Trading On March 16

Binance will list Centrifuge (CFG) for spot trading on March 16, 2026, at 13:00 UTC with trading pairs CFG/USDT, CFG/USDC, and CFG/TRY. The token will transition from Binance Alpha to the main spot market, with deposits opening one hour before trading and withdrawals starting March 17.

Crypto Funding Rises Sharply, But Bigger Deals Are Crowding Out Smaller Investments

Crypto venture funding grew nearly 50% over the past year, but the number of deals dropped sharply as investors focused on larger, late-stage investments. Mega-rounds are increasingly shaping the market, while early-stage startups rely on smaller, more fragmented funding sources.

Bitcoin ETFs See First Back-To-Back Weekly Inflows In Five Months

US spot Bitcoin ETFs recorded their first back-to-back weekly inflows in five months, bringing in about $568 million this week. Ether ETFs also saw a second week of positive flows. The rebound hints that institutional demand for crypto ETFs may be returning after months of withdrawals.

US lawmakers push for permanent ban on a digital dollar, warn temporary block isn’t enough

A group of US lawmakers is calling for a permanent ban on a US central bank digital currency, arguing that a temporary block until 2031 is not enough. They warn a digital dollar could threaten financial privacy and give the government excessive control over Americans’ finances.

Solv Protocol offers 10% bounty after $2.7M exploit targets Bitcoin vault

Solv Protocol lost about $2.7 million after a smart contract exploit allowed an attacker to mint tokens and swap them for Bitcoin-pegged assets. The platform has offered a 10% bounty to recover the funds and says affected users will be reimbursed. Security firms are now investigating the breach.

Bitcoin slides as US-Israel strikes on Iran trigger $128B crypto sell-off

Bitcoin and Ether fell after US-Israel strikes on Iran erased $128 billion from crypto markets. Investors rotated toward traditional safe havens, while derivatives data showed rising short-term risk aversion. The move extends Bitcoin’s broader post-October correction.

OpenAI secures Pentagon contract as US government blocks Anthropic over security concerns

OpenAI has secured a Pentagon contract to deploy its AI models on classified networks after the US government barred Anthropic over security concerns. The shift follows a breakdown in Anthropic’s military negotiations and intensifies scrutiny over AI’s role in defense. The move signals how central AI has become to US national security strategy.

Block to slash 4,000 jobs as Jack Dorsey pivots company around AI-driven operations

Block is cutting about 4,000 jobs, reducing its workforce by nearly 40% as it restructures around AI-driven operations. Jack Dorsey says automation is fundamentally changing how companies function and expects others to follow. Investors reacted positively, sending shares sharply higher after the announcement and earnings release.

Analysts dismiss ‘10 a.m. Bitcoin dump’ theory, say market moves reflect broader risk dynamics

Online claims that Jane Street is engineering a daily 10 a.m. Bitcoin sell-off are not supported by market data, analysts say. Intraday volatility appears more closely tied to broader risk-asset repricing than coordinated manipulation. In a deep, global market like Bitcoin, no single firm is likely to control long-term price direction.

Sygnum rolls out institutional crypto mandate service targeting $100B corporate treasury sector

Sygnum has launched a discretionary crypto asset management service targeting the $100 billion corporate treasury market. The bank is already managing $200 million under live mandates, aiming to bring traditional portfolio discipline to digital assets. The move reflects rising institutional demand for regulated, active oversight of crypto-heavy balance sheets.

AI-driven boom or hollow growth? A fictional 2028 memo sketches mass layoffs, ghost GDP and stablecoin rails

Citrini Research’s fictional 2028 memo imagines AI boosting profits and markets while hollowing out jobs and consumer demand. In that world, stablecoins and crypto rails become the preferred payment layer for AI agents. The scenario highlights both the promise of AI-driven growth and the risk of widening inequality and structural economic strain.

Capital shifts from token launches to crypto stocks as post-TGE losses mount, DWF says

DWF says over 80% of 2025 token launches are trading below their listing price, with many falling 50–70% within months. At the same time, crypto IPO and M&A activity is surging, suggesting capital is rotating into regulated equity exposure. Investors appear to be favoring structure, transparency and enforceable rights over token speculation.

Uniswap founder warns of scam ads after user loses six-figure crypto portfolio

Uniswap’s founder is warning users after a victim lost a six-figure portfolio to a fake search ad posing as the protocol. Sponsored phishing links remain a major threat as crypto scam losses climb again. Users connecting wallets through search results face heightened risk.

Parsec closes after five-year run as DeFi and NFT slowdown reshapes crypto analytics market

Parsec is shutting down after its DeFi- and NFT-focused analytics model fell out of sync with today’s market. Slowing on-chain activity and a prolonged downturn have pressured smaller crypto startups. The move signals a broader consolidation phase as the industry recalibrates after years of volatility.

Peter Thiel’s Founders Fund exits ETHZilla as Ether treasury model faces mounting strain

Peter Thiel’s Founders Fund has exited its entire stake in ETHZilla, just months after backing the company’s Ether treasury strategy. The move highlights growing pressure on public firms built around ETH accumulation as volatility and debt exposure test the model’s resilience.

Pump.fun revamps fee model with trader cashbacks as memecoin volumes cool

Pump.fun is shifting rewards from token deployers to traders through a new cashback model. The move follows falling revenues and criticism that few traders were profiting. The change reflects broader experimentation with incentive structures in a cooling memecoin market.

Steak ‘n Shake credits Bitcoin payments for sales surge as treasury sits underwater

Steak ‘n Shake says accepting Bitcoin has helped drive double-digit same-store sales growth and build a $15 million BTC reserve. However, its treasury holdings are currently sitting at an unrealized loss, underscoring the volatility that comes with integrating crypto into corporate finance.

Monero activity holds firm despite exchange delistings as darknet markets pivot to XMR, TRM Labs finds

Monero usage remains strong despite widespread exchange delistings, with darknet markets increasingly adopting XMR. While its cryptography holds, researchers say network-level monitoring could pose theoretical anonymity risks. The project is responding with technical upgrades aimed at limiting potential surveillance vectors.

Binance rebuts Iran sanctions report, says internal review found no violations

Binance denies enabling Iran-linked sanctions breaches and says an internal review found no wrongdoing. The dispute comes as the exchange remains under regulatory oversight following its 2023 US settlement. The case highlights ongoing scrutiny of compliance controls at major crypto platforms.

Figure Technology hit by data breach after social-engineering attack, customer details exposed

Figure Technology confirmed a data breach after a social-engineering attack, with hackers publishing customer data online. While crypto phishing losses have declined overall, sensitive personal data remains a prime target. The incident lands as Figure expands its public-market presence and tokenized equity ambitions.

Ark Invest buys Robinhood, Circle and Bullish shares as Bitcoin slips below $66,000

Ark Invest used the recent Bitcoin dip to increase its exposure to Robinhood, Bullish and Circle, even as US spot Bitcoin ETFs recorded fresh outflows. The move underscores continued volatility in institutional crypto flows, with selective equity buying contrasting broader ETF weakness.

Africa Sees World’s Highest Stablecoin Conversion Spreads as Liquidity Gaps Persist

Africa leads in stablecoin adoption but also records the highest conversion spreads globally. Costs vary sharply by country, driven largely by competition and liquidity rather than blockchain technology. Stablecoins may cut remittance friction, but local market dynamics still shape the final price users pay.

UK Crypto Hub Vision Faces Test After Gemini Retreat

Gemini’s exit is testing the UK’s ambition to become a global crypto hub, with industry groups warning that slow, overlapping regulations and high compliance costs are pushing firms to jurisdictions that offer clearer and more predictable frameworks.

Optimism approves OP token buyback plan tied to Superchain revenue

Optimism has approved a plan to use half of its Superchain revenue to buy back OP tokens, tying the token more closely to activity across its expanding layer-2 ecosystem, though the market has shown little immediate price reaction.

Wallet tied to alleged US seizure theft sparks memecoin launch that collapses 97%

A wallet linked to alleged theft of US government-seized crypto launched a Solana memecoin that crashed 97%, with onchain data showing heavy supply concentration and renewed concerns over memecoin launch risks.

Australian court hits BPS Financial with $9.3M penalty over Qoin Wallet claims

Australia’s top financial regulator has won a decisive court ruling against BPS Financial over its Qoin Wallet product. The case reinforces ASIC’s hard line on unlicensed crypto activity and misleading claims. It also highlights how enforcement is tightening even as regulators selectively ease rules for compliant digital asset businesses.

Bitcoin hiring ticks higher in 2025 as companies prioritize product, operations and leadership

Bitcoin job listings rose 6% in 2025, driven largely by non-technical roles as companies mature and scale. Product, operations and leadership hires now dominate, while demand for Bitcoin-aligned talent remains stronger than supply.

Coinone explores shareholder exit as takeover chatter puts South Korea in focus

Coinone is exploring the sale of major shareholder stakes, fueling takeover speculation as consolidation accelerates in South Korea’s highly active crypto market, with Coinbase rumored to be assessing a strategic entry despite no deal being confirmed.

Japan weighs crypto ETF framework with 2028 seen as an early target

Japan’s financial regulator is exploring rule changes that could allow crypto ETFs as early as 2028, signaling intent rather than approval, as major financial groups prepare for potential launches.

CZ rules out Binance comeback, sees potential Bitcoin supercycle in 2026

Changpeng Zhao says he has no plans to return to Binance despite being legally able to do so after a presidential pardon, arguing the exchange is thriving under new leadership, while predicting Bitcoin could enter a supercycle in 2026 that may break its traditional four-year pattern.

Thailand moves toward crypto ETF framework as institutional demand builds

Thailand’s SEC plans to introduce crypto ETF and futures regulations as institutional interest grows, with digital assets set to be recognized as an official asset class alongside portfolio limits and tighter rules for financial influencers, even as regulators step up enforcement, including the temporary suspension of KuCoin Thailand’s operations.

Bank of Italy chief says banks will anchor digital money, with stablecoins playing a supporting role

The Bank of Italy says banks and central institutions will anchor digital money, with Governor Fabio Panetta arguing stablecoins rely on fiat pegs and can only play a supporting role despite efficiency benefits.

Messari warns KYC is the only real check on insider trading in prediction markets

Messari says insider trading can only be meaningfully curbed on prediction markets that enforce KYC, warning anonymous platforms face major limits in detecting abuse as regulatory scrutiny rises after high-profile geopolitical bets.

Senate Judiciary leaders push to strip developer carve-outs from crypto market structure bill

Senate Judiciary leaders are pushing to remove crypto developer protections from a market structure bill, warning the language could weaken enforcement against unlicensed money transmission and illicit finance, complicating efforts to secure bipartisan support amid growing industry pushback.

Bitcoin open interest reset hints at market bottom as leverage unwinds

Bitcoin derivatives open interest has fallen about 30% from October highs, signaling a broad deleveraging across the market. Analysts say this reset has historically preceded recoveries, but caution that derivatives markets have not yet confirmed a full bull phase.

Pakistan explores stablecoin payments with Trump-linked crypto venture

Pakistan is exploring the use of a Trump-linked stablecoin for regulated payments and remittances, marking a rare sovereign-level engagement with a politically connected crypto venture. The move underscores Islamabad’s ambition to become a global crypto hub while testing stablecoins as part of its evolving digital finance strategy.

Senate CLARITY Act update opens door to activity-based stablecoin rewards, bars passive yield

The latest Senate CLARITY Act draft would allow stablecoin rewards tied to usage, such as payments, wallets and staking, while banning yield paid simply for holding tokens. The proposal reflects a compromise between fostering crypto innovation and addressing banking sector concerns over deposit-like products.

Pump.fun plans creator fee overhaul after incentives misaligned, co-founder says

Pump.fun is reworking its creator fee system after admitting the current model encouraged token minting over healthy trading. The new structure aims to improve governance, transparency, and long-term liquidity. The move reflects a broader effort to stabilize Solana’s fast-moving memecoin economy.

October Crypto Crash Ended the Era of ‘Easy Yield,’ BitMEX Says

The October crypto crash exposed flaws in arbitrage-heavy trading strategies and exchange risk systems, ending years of easy yield for market makers. Liquidity has thinned, funding trades have weakened, and traders are rethinking where and how they deploy capital. BitMEX says the fallout is forcing a long-overdue reset across both centralized and on-chain markets.

Bitcoin whales step in as retail exits, signaling bullish setup: Santiment

Bitcoin whales have accumulated more than $5.3 billion worth of BTC while retail traders take profits, a setup Santiment views as bullish. With supply shifting toward long-term holders and leverage still muted, Bitcoin’s multi-week consolidation could be nearing a breakout.

Whale deposits surge on Binance, but lack of buyers raises caution flags

Whales have moved over $2.4 billion in Bitcoin and Ether onto Binance, but buyer demand has yet to follow. With stablecoin inflows flat and long-term accumulation slowing, analysts warn that rising supply without fresh liquidity could weigh on crypto prices in the near term.

Bitcoin hacker behind historic Bitfinex breach freed early under US sentencing reform

Ilya Lichtenstein, who carried out the 2016 Bitfinex Bitcoin hack, has been released early under the First Step Act after serving just over a year of a five-year sentence. His release comes as Donald Trump signals renewed scrutiny of crypto-related prosecutions, reopening debate around punishment, reform, and accountability in the crypto era.

Solana heads into 2026 with growing institutional traction from tokenization

Solana is entering 2026 with rising real-world asset tokenization, growing ETF inflows, and stronger institutional adoption. While SOL’s price remains well below past highs, expanding onchain revenue and regulatory tailwinds could shape its next phase of growth.

Solana whale accumulation dominates crypto conversation as 2026 begins

Solana whale accumulation emerged as the leading crypto trend to start 2026, despite recent price declines. While markets remain cautious, steady buying by large holders and growing institutional infrastructure suggest investors are positioning for longer-term adoption rather than short-term speculation.

NFT supply surged in 2025, but falling prices reshaped the market

NFT supply surged to more than 1.3 billion tokens in 2025, but total sales fell sharply as buyer spending declined. The data shows a market shifting away from scarcity-driven speculation toward a high-volume, lower-price model where competition and utility matter more than hype.

Bitcoin’s hedge against failing currencies comes into focus as Iran’s rial collapses

Iran’s currency collapse and banking stress have triggered protests in Tehran, highlighting the real-world impact of monetary instability. Crypto industry leaders argue Bitcoin can help individuals protect savings when trust in fiat systems erodes, though regulatory barriers in Iran continue to limit access.

Crypto ETP outflows deepen over holidays as investors stay selective into year-end

Crypto ETPs saw $446 million in outflows over Christmas, extending a cautious trend that began after October’s market correction. While Bitcoin and Ether funds continue to see redemptions, investors are rotating into newer XRP and Solana ETFs, with Germany standing out as a rare source of sustained inflows.

Trust Wallet Faces Insider Questions After $7M Holiday Hack

Trust Wallet will reimburse about $7M lost in a Christmas Day browser extension exploit that was quietly prepared weeks in advance. Investigators say the attack may point to insider access, raising fresh concerns around wallet software security and update controls.

Trend Research emerges as a top Ethereum holder after $135M ETH accumulation

Trend Research has quietly amassed around 580,000 ETH, placing it among the largest known Ethereum holders despite being privately owned. The move highlights a broader trend of institutional-scale accumulation, as large players position for staking influence and long-term dominance within the Ethereum network.

Ethereum Treasury Firm Bitmine Surpasses 4 Million ETH After Latest Purchase

Bitmine’s Ethereum holdings have surpassed 4 million ETH after a recent $40 million purchase, marking a key milestone in its treasury strategy. The company continues to build long-term exposure to Ethereum and plans to begin staking its holdings in early 2026.

$50M USDT Lost After Wallet Address Spoofing Trick

A crypto user lost nearly $50M in USDT after copying a poisoned wallet address from transaction history. The incident highlights how address spoofing scams exploit habit and speed, not technical flaws.

UK FCA opens sweeping consultation on crypto rules for exchanges, lending and DeFi

UK FCA opens consultations on new crypto rules for exchanges, staking, lending and DeFi, with feedback open until early 2026. The move marks a shift toward full market-structure regulation as the UK plans to bring crypto under financial laws by 2027.

First US Dogecoin ETF set to launch Thursday, marking new era for memecoin investing

The first-ever US Dogecoin ETF, the Rex-Osprey Doge ETF (DOJE), is set to begin trading on Thursday, marking a major milestone for memecoins in regulated markets. Dogecoin rallied nearly 13% ahead of the launch, while analysts note this ETF signals growing institutional interest in speculative digital assets. The SEC’s approval comes as dozens of other crypto ETF applications, including Solana and XRP, remain under review.