Crypto Biz: Bitcoin’s $116M self-custody wake-up call
A $116 million Bitcoin wallet exploit puts self-custody under scrutiny as ETF inflows rebound, Strategy eyes more BTC and miners chase billions in AI deals.
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A $116 million Bitcoin wallet exploit puts self-custody under scrutiny as ETF inflows rebound, Strategy eyes more BTC and miners chase billions in AI deals.
Bitcoin falls further toward new August lows, ignoring positive US inflation trends while US stocks continue to circle all-time highs.
Morgan Stanley’s reported IBIT holdings rose to 16.5 million shares in Q2, while Ether ETF positions and several crypto-linked stocks also increased.
JPMorgan reported a 25% increase in its Bitcoin ETF position and more than quadrupled its Ether ETF position in the second quarter.
Binance said it will stop processing transactions for involving 11 crypto platforms, including HTX, which was recently listed in the EU’s sanctions package targeting Russia.
Solana’s proposed fee overhaul would make resource-heavy transactions more expensive while cutting costs for simpler activity, and it increases the amount of SOL burned.
Credit card and staking revenue drove Gemini’s services growth in Q2 as exchange revenue fell 38% and trading volume dropped by two-thirds.
Shinhan Asset Management and Plume will test a tokenized fund using a Korean won-denominated ultra-short-term bond fund as its underlying asset.
Bitcoin futures open interest on Binance fell alongside BTC price as analysis published on CryptoQuant flagged mounting pressure on leveraged longs.
RedotPay’s US IPO has reportedly been delayed as it seeks regulatory approvals, while the company says it secured a US money transmitter license.
JPMorgan Chase reportedly cut banking ties with Polymarket in October 2025 over regulatory concerns but remains open to an underwriting role if the platform goes public.
Crypto acceptance was just 0.2% online and remained below 1% at physical points of sale, while mobile payments gained ground.