Crypto News — Page 7

News and developments from the cryptocurrency industry.

Sen. Marshall pulls swipe fee amendment to smooth path for crypto market bill

Sen. Roger Marshall is backing off a swipe fee amendment that threatened to complicate a key crypto market structure bill. The move reflects growing pressure from the White House and party leaders to keep the legislation on track. Even without the amendment, the bill still faces a tight timeline and significant political hurdles.

Matcha Meta breach traced to SwapNet exploit drains up to $16.8M on Base

Matcha Meta users were urged to revoke approvals after a SwapNet contract exploit drained up to $16.8 million on Base, with security firms tracing the attack to a smart-contract flaw that allowed approved funds to be transferred, highlighting ongoing DeFi risks that are increasingly being exposed with the help of AI tools.

Kansas considers state-run digital asset reserve funded by unclaimed crypto

Kansas lawmakers are considering a state-managed Bitcoin and digital asset reserve funded through unclaimed crypto rather than direct purchases, a proposal that mirrors federal plans to rely on forfeited assets, builds on earlier Kansas crypto initiatives, and reflects a broader trend of governments cautiously testing Bitcoin’s role in public finance.

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.

Bitcoin futures open interest rebounds in January as traders cautiously re-enter risk

Bitcoin futures open interest has rebounded around 13% in January following a sharp Q4 deleveraging, with analysts pointing to a cautious return of risk appetite even as positioning remains well below October highs. At the same time, options open interest has overtaken futures, signaling a shift toward more structured and risk-managed trading strategies.

Bitcoin hashrate slips to four-month low as miners weigh AI workloads

Bitcoin’s hashrate has slipped below 1 zetahash per second for the first time in four months, falling nearly 15% from its October peak, as analysts say miners are increasingly diverting power toward AI and high-performance computing for better margins, even as mining difficulty falls and profitability improves.

efferies strategist drops Bitcoin from ‘Greed & Fear’ portfolio, cites rising quantum threat

Jefferies strategist Christopher Wood has cut Bitcoin to zero in his Greed & Fear portfolio, citing quantum computing risk. He replaced the position with gold exposure, arguing that quantum breakthroughs could challenge Bitcoin’s store-of-value case. Developers counter that quantum threats are decades away and say Bitcoin has time to transition to quantum-resistant cryptography.