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Crypto leaders warn AI agents could make today's billion-dollar hacks look like 'pennies'

Crypto industry leaders are warning that autonomous AI agents could enable hacks on a scale that makes today's billion-dollar breaches look trivial. Trust, model hallucinations and unclear legal liability are identified as the biggest obstacles to safe agentic AI adoption. Industry experts consider these challenges the key barriers to broad deployment of agentic technology in the crypto sector.

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Democratic senator says crypto Clarity Act bill can still pass despite ethics stall
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🪙 Crypto

Democratic senator says crypto Clarity Act bill can still pass despite ethics stall

Democratic Senator Ruben Gallego said Congress can still pass the Clarity Act crypto regulation bill, despite stalled talks over an unfinished ethics deal. Gallego used the metaphor of "landing the plane" to suggest a deal remains within reach. Concerns over the ethics side of negotiations have complicated progress on the legislation.

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Bitcoin tops $70,000 for first time since June, surging 7% in a day
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🪙 Crypto

Bitcoin tops $70,000 for first time since June, surging 7% in a day

Bitcoin surged more than 7% on Wednesday, briefly crossing $70,000 for the first time since June. The rally was driven by several catalysts that simultaneously boosted crypto-related assets. It marked the largest single-day gain for bitcoin in several months.

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Trump hosts crypto leaders and urges Congress to pass industry-friendly bill

President Donald Trump, who holds substantial wealth in cryptocurrency, hosted industry leaders at the White House. He called on Congress to pass a major crypto bill that would tilt regulation in the industry's favour. Trump has consistently advocated for a light-touch approach to digital asset oversight.

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Trump says CFTC is working to bring Hyperliquid to the US — HYPE jumps 11%
🪙 Crypto
🪙 Crypto

Trump says CFTC is working to bring Hyperliquid to the US — HYPE jumps 11%

At a White House meeting on Wednesday, President Donald Trump announced that CFTC Chair Mike Selig is working to bring the perpetual futures platform Hyperliquid under federal US regulation. The news sent the HYPE token up 11% in value.

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🪙 Crypto
🪙 Crypto

Bitcoin hits $69,000, ether jumps 10% amid SEC crypto proposal and Treasury buyback plans

Bitcoin surged to $69,000 and ether jumped 10% after US Treasury buyback plans and an SEC crypto regulatory proposal fuelled a broad market rally. The move triggered nearly $2 billion in crypto liquidations. Crypto-linked stocks including Strategy and Bitmine each gained around 10%.

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Hacker steals $1.4 million in Bitcoin by exploiting six flaws in Maya Protocol
🪙 Crypto
🪙 Crypto

Hacker steals $1.4 million in Bitcoin by exploiting six flaws in Maya Protocol

An attacker exploited six separate software vulnerabilities in the cross-chain Maya Protocol to drain Bitcoin and other digital assets worth $1.4 million. The hack caused the protocol's CACAO token to plunge in value. Maya Protocol halted operations after the exploit was discovered.

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🪙 Crypto
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OCC races to finalise stablecoin rules under GENIUS Act by November

The US Office of the Comptroller of the Currency (OCC) is pushing to finalise rules implementing the GENIUS Act stablecoin law, signed by President Trump, by November. The regulations will set out how stablecoins operate within the US financial system. The OCC's accelerated timeline reflects urgency to establish clear federal stablecoin standards.

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StanChart and HSBC complete first live transaction on Swift's blockchain ledger
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🪙 Crypto

StanChart and HSBC complete first live transaction on Swift's blockchain ledger

Standard Chartered and HSBC have executed the first live transaction on Swift's blockchain ledger, connecting their separate tokenized deposit systems. The move marks a step toward interoperable, round-the-clock cross-border payments. The transaction is seen as significant for the future of international interbank settlements.

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🪙 Crypto
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Bitcoin surges past $68,000, wiping out $1.4 billion in short positions

Bitcoin rose roughly 6% to break above $68,000, triggering the liquidation of $1.4 billion in short positions. Ether, Solana and crypto stocks also climbed. The rally was fuelled by increased risk appetite after the U.S. Treasury doubled the size of its bond buybacks.

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HMRC sends 81,000 warning letters to crypto holders in tax crackdown
🪙 Crypto
🪙 Crypto

HMRC sends 81,000 warning letters to crypto holders in tax crackdown

The UK's HMRC sent 81,000 warning letters to cryptocurrency holders as part of a tax enforcement crackdown. According to a Freedom of Information request, the number of letters sent has almost tripled compared to 2024, signalling a significant escalation in scrutiny of crypto assets.

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CFTC imposes 5-year trading ban on ex-FTX and Alameda executives
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🪙 Crypto

CFTC imposes 5-year trading ban on ex-FTX and Alameda executives

The US Commodity Futures Trading Commission (CFTC) has imposed 5-year trading bans on former executives of FTX and Alameda Research via consent orders. The move closes the regulator's case after FTX and Alameda agreed to $12.7 billion in disgorgement and restitution payments in August 2024.

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Bitcoin hits 11-week high after US Treasury doubles debt buyback operations
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🪙 Crypto

Bitcoin hits 11-week high after US Treasury doubles debt buyback operations

Bitcoin reached its highest price in 11 weeks, joining a broad rally in US stocks. The surge followed the US Treasury's announcement that it would at least double the size of its debt buyback operations starting in September. Investors interpreted the move as a signal of increased liquidity in financial markets.

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🪙 Crypto
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Bitcoin nears technical breakout that could push price to $76,000

Bitcoin is approaching a key technical resistance level, and analysts say a breakout from the forming chart pattern could push prices as high as $76,000. The pattern is being read as a potential buy signal by market watchers. Traders are waiting to see whether the formation will be confirmed.

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🪙 Crypto
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Coinbase, Circle and Bullish surge 8–10% ahead of Clarity Act procedural vote

Shares in Coinbase and Bullish rose around 8%, while Circle gained nearly 10%, after supporters of the Clarity Act expressed optimism about the bill's prospects ahead of a key procedural vote scheduled for September 15. The legislation aims to establish a clear legal framework for digital assets in the United States.

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